LOST FOCUS: Obama, For the Bajillionth Time, Will "Pivot" Message Back to the Economy

Mitt Romney has said many times that the first three rules to a successful turnaround are “focus, focus, focus.” And he should know a thing or two about successful turnarounds.

That’s not what the Obama administration has done, though. They’ve focused their large legislative efforts on anything BUT the economy, energy development, spending cuts, cracking down on China!

The RNC released this video this morning that sums up Obama’s economic Attention Deficit Disorder nicely:

Yet again, the Obama campaign has announced a ‘major’ economic speech (set for tomorrow) — with the intention of (after many distractions) pivoting their focus back to the economy.

But Romney — always one step ahead — offered a scathing prebuttal to Obama’s speech and potential pivot today while speaking to 100 of the nation’s top CEOs at the Newseum in Washington, warning that while Obama may “speak eloquently,” his “words are cheap.” Watch part of Mitt’s remarks in the video below:

With just a few month before the election, isn’t it too late to pretend you’re focusing on the economy?

UPDATE - Here’s the latest from artist/political cartoonist – our friend – Sal Velluto:



Follow @LukeGundy on Twitter…

‘Words-Matter-Obama’ Debates Himself: “I cut govt employees. No, I didn’t.”

Photo - Associated Press

Remember back in February 2008 when Obama was running for president and he proudly proclaimed words matter? “Don’t tell me words don’t matter! Just words? Don’t tell me words don’t matter!”

Fast forward to Friday, June 8, 2012…

President Obama on Friday called a special press conference to let Americans know the private sector is doing fine. Yes, he said that.

Obama also went on to say:

Where we’re seeing weaknesses in our economy have to do with state and local government – oftentimes, cuts initiated by governors or mayors who are not getting the kind of help that they have in the past from the federal government…”

I guess Obama forgot his spiel in Albany, NY on May 8, 2012:

The only time government employment has gone down during a recession has been under me. So I make that point — I make that point just so you don’t buy into this whole bloated government argument that you hear.”

Major word oopsie doopsie.

Three hours after Obama’s presser, he tried to ‘walk back’ his statement (oh, those sticky words that matter...). Weekend news reports were peppered with appearances from David Axelrod and others from Team Obama spinning for the President faster than a whirligig caught in a Chicago gale force wind.

The evidence via YouTube… Obama debates himself:

• Ryan Williams, Romney campaign spokesman:

“President Obama may think the private sector is ‘doing fine,’ but he can’t seem to get his story straight on the public sector. Last Friday, he said the real weakness in the economy was state and local government employment – yet a month earlier, he touted the fact that government employment had fallen on his watch. Americans deserve a president who understands how to grow the economy and has a real plan to get our country back to work.”

• A reminder of Obama’s horrible, terrible, no good week comes from ABC News’ Rick Klein; he says Obama has lost his swagger:

First went the mood. Next, the muscle failed. Finally, to close out a horrific week for President Obama’s reelection bid, went the message. The first week of June began with a monthly jobs report that solidified a sense of an anemic economic recovery. Then a Democratic loss in Wisconsin, coupled with staggering Romney campaign fundraising figures, revealed the strength of political organization on the right. The week was punctuated by the most prominent voice in the party short of the president himself undercutting key Obama campaign messaging. To round out the rough patch, the president tried to turn the story lines around, but wound up delivering the kind of line that’s tailor-made for his opponents to make famous. “The private sector is doing fine,” President Obama said Friday, at a press conference organized because it most certainly isn’t, at least in the minds of most Americans…This was about more than losing a few news cycles, or inspiring a few Web videos. Taken together, the beginning of June 2012 may be remembered as a time period that shook the pillars of the Obama reelection effort. If nothing else, it’s shown the 2012 landscape to be so different from 2008 as to make assumptions based on four years ago seem worthless.

• On the same day we were told about our swell economy, FOX News’ Neil Cavuto had this to say:

Obama’s Missed Opportunity

President Obama just lost the election today.” – Neil Cavuto

Cavuto will be correct only if we double down to do the hard work needed to help elect Governor Romney and get others to do the same. Get involved. Donate to his campaign. Make calls from home!

-Cartoon by Michael Ramirez-


Follow Jayde Wyatt on Twitter @YayforSummer

Romney and the Jewish Vote #1

If you didn’t know yet how out of touch the president is, his Friday “[private sector] doing fine” comment just said it all. Now, compare this with his charm offensive paragraph, he continuously uses when he address various Jewish groups. “If during this political season you hear some question of my administration’s support for Israel, remember that it’s not backed up by the facts,” Obama said in his speech at the American Israel Public Affairs Committee (AIPAC), in March, “There should not be a shred of doubt right now: When the chips are down, I have Israel’s back.”

Backed up by facts? Well, Liz Cheney summed it up best when it comes to the President’s record, to his Middle East policies and relationship with Israel. “There is no president who has done more to delegitimize and undermine the State of Israel than President Obama,” Cheney said, to huge applause from the 13,000 attendees at the Washington Convention Center.

Five months before election day, President Obama leads a new poll of swing states, from Purple Strategies, by 2 points over Mitt Romney overall. But Romney has taken a lead in crucial Florida and Ohio – in Ohio by 3 percentage points and in Florida by 4.

The poll confirms what has long been expected — a tight contest in which the redrawn political map will be a major factor. “This marks the first time since January that the candidates were within 2 points of each other in these critical purple states,” the pollsters wrote. “Despite still trailing, Mitt Romney has reached his highest vote total since our tracking began in September of 2011.”

A recent Quinnipiac poll had Romney leading the president in Florida by a 47-41 margin. In addition the latest Rasmussen poll of Likely Ohio Voters shows Romney with 46% support to Obama’s 44%.

Much of that can be attributed to the Jewish vote, both in Ohio and Florida, in which the Jewish vote makes up 5-8 percent of the electorate on Election Day.

Consistent with other poll data, President Obama now leads Mitt Romney among registered Jewish voters 64% to 29%, according to the latest Gallup poll. That’s a 14 point decline in support for the President since 2008, and a 7 point increase in support for the Republican candidate, since John McCain’s 22 percent on Election Day.

While Obama, now at 46%, is down among all registered voters by 5%, among Jewish voters he is down 10 points since Gallup’s last poll in 2008. According to Gallup, 83% of Jewish registered voters say they definitely will vote, which put’s Obama at around 60% of the vote, compared to Romney’s 30%. This is currently the highest portion of Jewish votes for a Republican candidate since Reagan in 1984.

In a press release following the Gallup poll results, RJC Executive Director Matt Brooks said, “This poll is another sign of the erosion of support for Obama among Jewish voters. If the President wins just 64% of the Jewish vote, it would be a disaster for him and his party. Jewish voters are increasingly disillusioned with the President and that’s why Mitt Romney is making real inroads in the Jewish community this year.”

Jewish support for Democratic presidential candidates has exceeded 64% since 1988; Michael Dukakis took just 64% of the Jewish vote when he was soundly defeated by George H.W. Bush, the RJC notes. In 1992, Bill Clinton won 80% of the Jewish vote. In 1996, he was re-elected with 78% of the Jewish vote. Al Gore won 79% of the vote in 2000 and John Kerry took 76% in 2004. President Obama won 78% of the Jewish vote in 2008.

Another poll published last week by pollster Steven Cohen for The Workman’s Circle, shows President Obama with only 59 percent of the Jewish vote, compared with 27 percent for Romney. If the undecided vote were to split down the middle, the margin would be 68-32 percent, a far cry from Obama’s 78 percent Jewish backing in 2008.

Support for Romney by 32 percent the Jewish community could be a clincher, according to Tevi Troy, one of Romney’s senior campaign advisors on Jewish and Israel issues.

“If a Republican candidate gets in the 30s, they’re almost certain to win an election. If they get under the 20s, they’re almost certain to lose,” he was quoted as saying by the European Jewish Press.

“There’s this 28 percent spread, which I like to think about in terms of its Hebrew gematria (numerology), which is koach, meaning strength,” he continued. “This 28 percent shows the disproportionate strength of the Jewish vote given its relative numbers.”

While expressing confidence in Mitt Romney’s ability to make significant inroads among Jewish voters, Matt Brooks pointed out in a conversation with me last month, that in 2000, George W. Bush got only 19 percent of the Jewish Vote and narrowly carried Florida. And by the time of his re-election, with an overall 24% of the Jewish vote, the state of Florida wasn’t even close. However, he added, that “the more votes we take from the Democrat’s core base, the more it will impact the overall competitiveness of this race,” Brooks said.

If the final results indeed turn out to be closer to the 59 percent figure, Obama would receive the lowest percentage of the Jewish vote in a presidential election of any Democrat since Jimmy Carter, Jonathan Tobin notes in the Commentary Magazine.

“The pollsters insist, not without some reasons, that Israel does not appear to be a determining factor in the presidential vote. It bears repeating that the vast majority of Jews are not single issue voters on Israel and, like most Americans, will cast their votes based on other issues–principally, the economy.”

“If as the poll shows, the decline in Obama’s share of the Jewish vote is greater than the losses he is encountering in other sectors in national polls,” he continues. “Analysts need to ponder what it is about the president that is repelling a higher proportion of Jewish supporters to abandon his ship than elsewhere.”

“Because, as the Jewish Telegraphic Agency reports, this otherwise heavily liberal population is still steadfast in its support for Israel as well as sympathetic to its current government, it is not unreasonable to suppose that those sentiments have led them to be, at the very least, a bit less favorable to a president who spent his first three years in office picking fights with Israel. Like the rest of the country, more Jews are disillusioned with the president’s handling of the economy, but is that enough to explain a potential loss of almost a quarter of the votes he received four years ago?”.

Obama is certain he knows what’s good for Israel. Given his record and the Iranian threat, it’s an impossible sell, Michael Goodwin writes in an opinion editorial for Fox news, Portraying President Obama as “Israel’s worst frenemy.”

(more…)

Romney Ad: “Obama Gives Taxpayer $$ to Big Donors, Watches Them Lose It”

In an unprecedented action from a sitting president, President Obama lurched straight out of the campaign gate a few weeks ago with a barrage of negative ads against Mitt Romney. At every opportunity, he headbutts private equity/venture capitalists and Romney’s 80% success rate at Bain Capital. Obama says this is his reelection focus. (Don’t look America… Obama raised funds from a private equity group he previously attacked.) The once-resounding Obama message of hope and change isn’t even whispered anymore.

You know it’s bad when even left-leaning ‘Face the Nation’s’ Bob Schieffer notices Obama’s negativity.

Romney’s new web ad, released today, shows he’s noticed, too. It targets the real cause of Obama’s headaches – his borrow-and-tax policies which have lead to… nowhere: Solyndra, First Solar, ECOtality, and SunPower.

Not Even Half

The facts, Ma’am:

The Obama Administration Loaned Over Half A Billion Dollars To Solyndra – Which Later Went Bankrupt And Laid Off 1,100 Employees.

“In a blow to the Obama administration’s efforts to create green jobs, solar-cell maker Solyndra announced Wednesday that it will close its remaining Fremont factory, layoff its 1,100 employees and file for bankruptcy. The news marked an abrupt end for a company once considered among the most innovative in a fast-changing industry. The bankruptcy also represents a high-profile failure for a federal stimulus program that gives loan guarantees to green-tech manufacturers. Solyndra was the first company to win one of the guarantees, receiving $535 million in 2009 to build its second factory in Fremont less than a mile from the company’s original plant.” (David R. Baker and Carolyn Said, “Solyndra Closes Fremont Plant – Stimulus Hopes Dim,” San Francisco Chronicle, 9/1/11)

The Obama Administration Provided More Than $3 Billion In Loan Guarantees That Benefitted First Solar – A Company That Recently Announced Layoffs And Hit Record Lows In Stock Value.

“First Solar. The Obama administration provided First Solar with more than $3 billion in loan guarantees for power plants in Arizona and California. According to a Bloomberg Businessweek report last week, the company ‘fell to a record low in Nasdaq Stock Market trading May 4 after reporting $401 million in restructuring costs tied to firing 30 percent of its workforce.’” (Marc A. Thiessen, “Forget Bain — Obama’s Public-Equity Record Is The Real Scandal,” The Washington Post, 5/24/12)

After Receiving Approximately $126 Million In Taxpayer Money, ECOtality Has “Incurred More Than $45 Million In Losses.”

The Obama administration gave ECOtality $126.2 million in taxpayer money in 2009 for, among other things, the installation of 14,000 electric car chargers in five states. Obama even hosted the company’s president, Don Karner, in the first lady’s box during the 2010 State of the Union address as an example of a stimulus success story. According to ECOtality’s own SEC filings, the company has since incurred more than $45 million in losses and has told the federal government, ‘We may not achieve or sustain profitability on a quarterly or annual basis in the future.’” (Marc A. Thiessen, “Forget Bain — Obama’s Public-Equity Record Is The Real Scandal,” The Washington Post, 5/24/12)

ECOtality Is Currently “Under Investigation For Insider Trading.” “Worse, according to CBS News the company is ‘under investigation for insider trading,’ and Karner has been subpoenaed ‘for any and all documentation surrounding the public announcement of the first Department of Energy grant to the company.’” (Marc A. Thiessen, “Forget Bain — Obama’s Public-Equity Record Is The Real Scandal,” The Washington Post, 5/24/12)

“A Company Called SunPower Got A $1.2 Billion Loan Guarantee From The Obama Administration…”

“This is just the tip of the iceberg. A company called SunPower got a $1.2 billion loan guarantee from the Obama administration, and as of January, the company owed more than it was worth.” (Marc A. Thiessen, “Forget Bain — Obama’s Public-Equity Record Is The Real Scandal,” The Washington Post, 5/24/12)

In 2011, SunPower Lost More Than Half A Billion Dollars And Announced Layoffs.

“Now, San Jose’s SunPower, another solar panel maker, has hit rough waters — a $370 million quarterly loss — which will trigger layoffs and the exit of two top executives. SunPower CEO [Werner] thinks a turn-around won’t happen overnight. ‘We see this as a year to maybe two years, and then we see significant demand, a resumption in significant demand growth,’ Werner said. But the slowdown in sales and a flood of low-cost panels coming in from China have extended SunPower’s losses this year past a half-billion dollars.” (David Louie, “CA’s Solar Industry Continues To Show Signs Of Distress,” KGO-TV [San Francisco, CA], 11/4/11)

► Does Fisker ring a bell? (updated)

Does the Fisker investment seem like a terrible investment? Absolutely. Is this a clear cut case of “crony capitalism” as Romney says it is? Let’s investigate.

Read about it here.

“$16.4 Billion Of The $20.5 Billion In Loans Granted As Of Sept. 15 Went To Companies Either Run By Or Primarily Owned By Obama Financial Backers.”

“In the 1705 government-backed-loan program, for example, $16.4 billion of the $20.5 billion in loans granted as of Sept. 15 went to companies either run by or primarily owned by Obama financial backers-individuals who were bundlers, members of Obama’s National Finance Committee, or large donors to the Democratic Party.” (Peter Schweizer, “Obama Campaign Backers And Bundlers Rewarded With Green Grants And Loans,” Newsweek, 11/12/11)

The Energy Department’s Inspector General Found That Contracts Were Steered To “Friends And Family.”

“The Department of Energy’s inspector general, Gregory Friedman, who was not a political appointee, chastised the alternative-energy loan and grant programs for their absence of ‘sufficient transparency and accountability.’ He has testified that contracts have been steered to ‘friends and family.’” (Peter Schweizer, “Obama Campaign Backers And Bundlers Rewarded With Green Grants And Loans,” Newsweek, 11/12/11)


See the new ad from American Crossroads below the fold.

(more…)

Mitt Romney & Barack Obama — Side-by-Side

Today, our family spent the afternoon at a beautiful beach called Aliso Creek in Laguna Beach, CA. Next to us was a couple and a friend of theirs speaking a foreign language I could barely hear. When the two men (both about 30) stood up and were chatting, I approached and asked where they were from. They said, “Latvia” and told me they were speaking Russian. One has lived in the U.S. for eight years and the couple was visiting America from Latvia. I asked the resident if he is American and he told me, “Not yet.” I asked him if he could vote today, whom would he vote for between President Obama and Romney? With no hesitation, he said, “Oh, Romney!” I asked why he would not vote for President Obama? He said, “I think he has been president long enough. He really hasn’t done much and it is time he goes away.”

Is there much else to write about? No. Check out Michael Ramirez’s latest political cartoon just below.

Nuf said?

Michael: Governor Romney is more fit than this! Love your art!

Artwork by Michael Ramirez


.
.

Romney Responds to Obama’s Three Year Budget Fail: “Extraordinary, Unfortunate” (radio interview)

Obama got a big ‘F’ smackdown on his budget plan – again. Fail.

On Wednesday, U.S. senators voted 99-0 to resoundingly defeat the president’s offering. In March, the House rejected his plan 414-0. That equals not a single vote of support.

Trounced:

Republicans forced the vote by offering the president’s plan on the Senate floor.

Democrats disputed that it was actually the president’s plan, arguing that the slim amendment didn’t actually match Mr. Obama’s budget document, which ran thousands of pages. But Republicans said they used all of the president’s numbers in the proposal, so it faithfully represented his plan.

Sen. Jeff Sessions, Alabama Republican, even challenged Democrats to point out any errors in the numbers and he would correct them — a challenge no Democrats took up.

“A stunning development for the president of the United States in his fourth year in office,” Mr. Sessions said of the unanimous opposition.

Amazingly, not one Senate Democrat has voted in favor of any budget for three years and they have not offered a plan of their own. Imagine that. For three years in a row, the federal government has operated WITHOUT A BUDGET.

On Hugh Hewitt’s national radio program last night, guest-hosts Guy Benson (Townhall) and Mary Katharine Ham (Townhall alum ) interviewed Governor Mitt Romney. Romney responded to Obama’s budget being bounced to the curb:

Guy Benson: Okay, Governor, last night, something extraordinary happened in the United States Senate. President Obama’s budget for the second consecutive year was defeated unanimously. This time around, it was 99-0. I’m curious what you think the implications of that vote are, and whether you see it as an indictment of this president’s leadership?

Mitt Romney: There’s no question in my view, Guy, but this is a underscoring of the president’s failure to lead. This is, after all, a body which is held by Democrats. If he wanted to see a budget passed, he should have worked with them. If they wanted to make adjustments, to make it more palatable, he should have found ways to make those adjustments. We’ve now gone on for three years without a federal budget? This is absolutely extraordinary. There’s not a business in this country that could operate the way the federal government is operating. And the fact that we have a president who is so inexperienced as a leader that he doesn’t know how to lead his own party, let alone reach across the aisle and work with Republicans, is a very unfortunate and potentially damaging element to our nation and to our economy. It’s something which I really think may well be unprecedented to have the president’s budget defeated in both the House and the Senate by unanimous votes. It’s very amazing.

GB: Right, right. It was 513-0 this year in those two bodies combined. You mentioned this failure over the last three years to have a federal budget, and this in an era of $16 trillion dollars of the national debt and growing. I know your campaign’s been spending a lot of time focusing on deficits and debt. So I really have to know, as you watch Europe, because the Euro Zone again is experiencing significant tremors this week. Greece appears to be teetering on the brink. I know the easy conservative talking point is to frame all of that, and the implosion of the European welfare state, as a cautionary tale for us here. But setting that aside, if you were president today, what would you be doing, what would you be watching over there, and how is it possible, if at all, for a president to help shield the U.S. economy from a potential damaging series of shock waves coming across the Atlantic Ocean?

MR: Well, when there is turbulence in industrial and financial markets, the best thing you can do is make America the place that people want to come both with their capital, with their innovations, with their business expansions. And so this is an opportunity for America to show that we have taken action that Europe did not take, that we have reformed our entitlements to make them solvent long term, that we are dealing with our budget crises, that we’re taking action to make America an attractive place for businesses and for job creators. This means that people will be looking to make investments elsewhere, and we want them to look towards us, not looking towards Asia, as in some cases they will be concerned about Europe. So the best thing we can do to help ourselves is to make America a more attractive place for enterprise. And unfortunately, what the president has done is make us less attractive as a place for enterprise, and he’s also failed to be willing to even address seriously either our entitlement crisis or our budget crisis. And so we will, if Europe goes through pains here, we’re going to suffer pains as well, in part because of the failure of this president to improve the attractiveness of America as a place for growth and investment and job creators.

In the 15 minute plum interview with Romney, the wide-ranging conversation not only included Obama’s failed budget, but included Jeremiah Wright, the Euro debt crisis, Biden’s hits on Bain Capitol, Obama’s personal assassination campaign strategy, and how Romney is approaching the task of selecting a vice president:

Excellent interview! Read the entire transcript here.

By Lisa Benson - May 18, 2012



(emphasis added to text)

› Jayde Wyatt

Mr. Obama’s Enemies List — First Since Nixon

10 days ago, Kimberly Strassel wrote about a short list Obama had compiled of people that had donated money to the Romney campaign. Basically, her article states this “enemies list” was the first of its kind since the Nixon years (David Parker also cited it here).

One of those Romney donors was Tom O’Malley of Florida. He wrote a letter to The Wall Street Journal that the Journal published today. It is is very brief:

Kimberley Strassel’s April 27 Potomac Watch “The President Has a List” reports some serious allegations. I have not made too many lists in my more than 50 years in business, so I was quite surprised to see my name on President Barack Obama’s “enemies” list.

My most recent business venture, PBF Energy, bought the closed-down Delaware City Refinery, spent $400 million to fix it and reopened it with a United Steel Workers unionized work force. More than a thousand high-paying jobs were created in a state where unemployment had become a real problem.

PBF also bought a refinery in Paulsboro, N.J., one that was scheduled to close. Thus, more high-paying unionized jobs were saved in New Jersey.

If this gets you on the enemies list, it would be good for the country if the list were expanded. It would seem that I got on the list because I gave to the Romney PAC. I have also run a fund-raiser for New York’s own senator, Chuck Schumer, who I believe is still a Democrat. I hope this doesn’t get me on another list, because the amount involved exceeded the Romney contribution.

I can’t believe that the president has authorized such a self-destructive strategy and can only suggest that he and his administration may want to disown the author of the list, whoever that may be.

Tom O’Malley, Executive Chairman, PFB Energy, West Palm Beach, Fla.

Nixon was desperate when he maintained an enemies list. So is Obama.



Romney: April Jobs Report “Terrible and Disappointing” (Video)

The U.S. Labor Department shared discouraging news this morning.

In the month of April only 115,000 jobs were added to our economy. Economists had projected an increase of 160,000-170,000 jobs. This is a worrisome downward development.

The labor market data confirms that the economy gained little momentum over the past six to nine months,” said Steven Ricchiuto, chief economist at Mizuho USA.

At the same time, April unemployment dropped from 8.2% to 8.1%.

Why?

More people have thrown in the towel and dropped out of the labor force. They gave up.

Statisticians don’t include the ‘giver-uppers’ number in their unemployment data. Get this… 342,000 Americans stopped looking for work last month. The labor participation rate is the lowest its been since 1981. That’s a new 30 year low of 64.3%.

We’ve got a new American demographic – job-search drop outs:

● Mitt Romney was a guest on FOX & Friends this morning. Along with the foreign policy topic of Chinese dissident Chen Guangcheng and the Richard Grenell resignation, host Gretchen Carlson asked Romney about the latest jobs report:


We should be seeing numbers in the 500,000 jobs created per month. This is way, way, way off from what should happen in a normal recovery.

It’s a terrible and very disappointing report this morning.

The President, in his first year in office, said that he would hold unemployment below 8% and we’ve had 38 straight months unemployment above 8%. This is the longest period of high unemployment that we’ve seen since we started collecting these records back in 1948. It’s a terrible record and it shows that the President’s policies have simply not worked. It’s taken far too long for our economy to recover.”- Mitt Romney

Additional jobs report data:

● Long-term unemployment continues to be a problem. The average unemployed American has been without work for 39.1 weeks, or about nine months. Over 40 percent of the unemployed have been out of work for more than six months.

● There are 7.9 million people working part-time involuntarily.

John Silva, chief economist at Wells Fargo added his thought on our shrinking labor force dilemma: “If there are less people working, then your potential for what the economy can produce is reduced.”

Look at the 86 million invisible unemployed:

Fifty percent of kids coming out of college can’t find jobs or work equal to their skills. Home prices, factory orders, retail sales, and construction orders are down.

Veteran White House reporter Keith Koffler wrote this today:

But the trend is clearly downward. This is a huge setback for the president, and if things don’t improve soon, a very bad omen for his reelection prospects. They’ll spin the 8.1 percent number at the White House, but they know they have a problem.

At this point in a recovery, the economy should be pumping out jobs. Something is very wrong, and the president … has no idea what to do about it.

(emphasis added)

By Lisa Benson - May 3, 2012

[I]f April is indicative of the new normal, and winter was a blip, we won’t erase the gap until the 2030s. Spin today’s numbers how you’d like, but that’s a future nobody should hope for. – Derek Thomson, senior editor, The Atlantic

UPDATE – Check out Team Obama’s spin: President Obama’s Low Bar For “Good News”




► Jayde Wyatt

“Forward, what, over the cliff?”

Mr. Obama’s campaign recently announced its new slogan: “Forward”

Governor Romney asked the rhetorical question: “Forward, what, over the cliff?”

Credit: Getty Images

Yesterday’s WSJ published Daniel Henniger’s weekly column titled, “Memo to the Youth Vote” that challenges the notion there is anything progressive or forward benefiting the young voter.

Why would anyone under the age of 25 vote for Barack Obama in November?

Mr. Obama resumed his College Tour 2012 last week, visiting campuses in Iowa, North Carolina and Colorado for the purpose of replicating his 66% youth-vote total from 2008.

In 2008, he reeled them in with promises of hope and change. In 2012 he’s offering cash, promising to protect 3.4% interest on their college loans. We’re about to find out if it’s true that when you’re young, hope springs eternal.

Put differently, the past three years have been a Peter Pan presidency for Peter Pan voters. If you’re going to college, it’s good to vote for Barack Obama again, so long as you’ll never have to turn 23. But for many young Americans, there will be no Tinker Bell showing them how to land a job with lovely thoughts.

The youth unemployment rate for Americans has hovered around 16%. Anecdotal stories abound of college graduates living in the bedroom they grew up in, jobless. But hey, the president they voted for as freshmen is promising 3.4% interest on the average $25,000 or so of college debt they owe four years later.
[...]
Last May, the Nobel laureate economist Robert Lucas, an expert on economic growth, put together a lecture on the economy because so many people asked him why the U.S. economy’s post-recession growth rate was struggling around 2%.

He noted that in the years after World War II, both the U.S. and Europe grew at an annual rate of about 3%. But in the mid-1970s, Western Europe dropped below that growth rate and stayed there, creating a 20% to 40% gap in income levels between Europe and the U.S. Prof. Lucas suggested this had to do with the cost of maintaining the social-welfare commitments Europe accumulated in the postwar years.

He then looked at the levels of U.S. social-welfare commitments, including the new Obama health-care entitlement, and ended with a simple observation: “Is it possible that by imitating European policies on labor markets, welfare and taxes, the U.S. has chosen a new, lower GDP trend? If so, it may be that the weak recovery we have had so far is all the recovery we will get.”
[...]
For new American college graduates, there is an alternative to that job you thought you’d have: Join a union.

If your new goal in life is to join the United Auto Workers (saved by Mr. Obama with your parents’ taxes) or work for a government agency somewhere for the next 40 years, the president is your candidate. The modern Democratic Party from top to bottom is the party of all unions, hardly different than the European political parties whose union members and unemployed college graduates filled city squares Tuesday in forlorn May Day demonstrations. If a career inside an American union is what it’s all about, then an Obama vote (“Forward”) is a no-brainer.

But aside from the aspiring union lifers, what’s in an Obama vote for the rest of the youth vote? The U.S. annualized growth rate in the first quarter this year was 2.2%. Perhaps the life raft is that provision in ObamaCare that extends health-insurance coverage to children living at home until the age of 26. If Barack Obama wins another four years, you may need it.

By the way, Henninger’s social-welfare argument above might have a lot more truth to it when considering what many are saying is behind Mr. Obama’s one line slogan. Consider these three: Here, here, and here. Would any President of the United States employ a subliminal message such as these from history? Am I naive to think not?

Nah. This is what I think of Mr. Obama’s new slogan:

By Bill Fortune

Page 3 of 9123456Last »