Monday, March 09, 2009

Obama's Tracking Poll

The real Obama Daily Tracking poll is down another 48.59 points at this hour, and astute observers should note that on the rare occasion that the President keeps his mouth shut, the Dow has actually risen for the day. The majority of days in the last three weeks, however, the President has seen fit to say something. This lack of control over his speech is helping to drive the national economy further into the abyss.

As the truth comes out about who is really going to pay for Barack Obama's radical agenda, the less the American people approve. The example of the day is who is really going to pay for the President's disastrous cap-and-trade policy-low and middle income families in Middle America:

Hit hardest would be the "95% of working families" Mr. Obama keeps mentioning, usually omitting that his no-new-taxes pledge comes with the caveat "unless you use energy." Putting a price on carbon is regressive by definition because poor and middle-income households spend more of their paychecks on things like gas to drive to work, groceries or home heating.

But the greatest inequities are geographic and would be imposed on the parts of the U.S. that rely most on manufacturing or fossil fuels -- particularly coal, which generates most power in the Midwest, Southern and Plains states. It's no coincidence that the liberals most invested in cap and trade -- Barbara Boxer, Henry Waxman, Ed Markey -- come from California or the Northeast.

Coal provides more than half of U.S. electricity, and 25 states get more than 50% of their electricity from conventional coal-fired generation. In Ohio, it totals 86%, according to the Energy Information Administration. Ratepayers in Indiana (94%), Missouri (85%), New Mexico (80%), Pennsylvania (56%), West Virginia (98%) and Wyoming (95%) are going to get soaked.

Cap and trade, in other words, is a scheme to redistribute income and wealth -- but in a very curious way. It takes from the working class and gives to the affluent; takes from Miami, Ohio, and gives to Miami, Florida; and takes from an industrial America that is already struggling and gives to rich Silicon Valley and Wall Street "green tech" investors who know how to leverage the political class.

The reality is, as is quickly being discovered, that this President doesn't give a rat's rear end about the Heartland of this country. The majority of its people did not support Obama, and those who did had grave reservations about doing so. The President is going to try and play Chicago politics with the whole country, and the old, the infirmed, the working people who struggle to get by from working the graveyard shift in Lawrenceburg, Indiana, Owensboro, Kentucky, Jellico, Tennessee, Xenia, Ohio, or Springfield, Missouri (among other places) will be who suffers through Obama's time in office.

Perhaps the biggest problem may be that the President is simply clueless about how people in Middle America live and make their way. For all of their faults, both George W. Bush and Bill Clinton had this understanding. Bush worked as an oil wildcatter in Midland, Texas, and dealt with ordinary working folks every day for many years on a man-to-man basis. Clinton grew up in Hot Springs, Arkansas, and worked real menial jobs as a teenager. Ronald Reagan worked as a lifeguard and a radio announcer. Even Jimmy Carter connected with how people in the Heartland think and function, as he had been a peanut farmer in a one-horse town called Plains.

Barack Obama doesn't have an understanding of life among the little people in the Heartland because he has never lived there. His life is that of a wandering journeyman with little direction and no social center. His ideas come from a bizarre early life combined with immersion into a corrupt and morally bankrupt Chicago Democratic political machine.

The country will now collectively pay for the President's lack of experience.

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At Monday, March 09, 2009 7:25:00 PM, Blogger Steve Mule said...

The Wall Street Journal OPINION page?!?! Are you insane?
Like that's a real source of unbiased analysis, fer sure! Big Business will have it's style cramped so they spin it into a calamity for the poor - like those SOBs have ever cared about the poor and downtrodden.
The DJIA and other financial metrics are down because they are reaping the fruits of their unregulated greed. The happy times cows are starting to come home and they're scared and bailing out. Let them. Good ridence to bad trash.


At Monday, March 09, 2009 8:58:00 PM, Anonymous Anonymous said...

Honestly, I wonder what world you are living in - it doesn't seem to be the one I'm currently in. The majority of the people in the US voted for Obama - yes they did, you can look it up!

You really need to take an elementary economics class, as you don't seem to have a good grasp of the subject. Every economic system is an exercise in income redistribution. Every business is out there trying to get your money and give it to their stockholders. When you buy a bag of Cheetos, they are charging you more than the cost of the product = profit! This "profit" is taking money out of your pocket and putting it into someone else's pocket = income redistribution! Just because we have developed a preference for this type of income redistribution doesn't make it any more or less fair than any other system. What the government attempts to do is provide for the general welfare of it's citizens by utilizing a (sometimes) progressive tax code. The government doesn't "give" money to very many people, it just taxes at a rate that the population considers fair. My guess is that you will benefit more than me, but I'm OK with that. If you want to pay more taxes than the bigwigs at Goldman Sachs, go for it! But as for me, I'm pushing for an even more progressive system.

Oh, and the Bush "working" as wildcatter is just priceless!

At Tuesday, March 10, 2009 10:49:00 AM, Anonymous Anonymous said...

we can't expect obama to save the world in less time than it takes to pop off a batch of weed...

...just sayin'.

everyone i know thinks he's doing a great job.

At Tuesday, March 10, 2009 9:05:00 PM, Anonymous Anonymous said...

So, after today's 380 point rise in the DJIA, I guess America is thinking that Obama is the GREATEST PRESIDENT EVER!

I'm guessing that you aren't willing to concede that, so stop the BS of thinking that the DJIA means anything political.

At Tuesday, March 10, 2009 9:06:00 PM, Anonymous Anonymous said...

Oh, and I'm still LMAO about the Bush wildcatting days. Priceless!


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