The State of His Policies ("Obama has done nearly everything he wanted. That's the problem.")

WSJ ^ | JANUARY 25, 2012 | WSJ

[Qbert]

President Obama delivered a State of the Union address Tuesday night that by the account of his own advisers is more campaign document than a plan for governing. He's running against Republicans in Congress, Reaganomics, wealthy bankers and inequality.

Normally a President at the start of his fourth year would be running on his record, accentuating the legislation he's passed. Mr. Obama can't do that with any specificity because the economic recovery has been so weak and the legislation he has passed is so unpopular. So last night he took credit for the shale gas revolution he had nothing to do with...

[Snip]

The nearby chart compares rates of quarterly growth during the Reagan and Obama economic recoveries. The comparison is apt because both recoveries followed deep recessions in which the jobless rate reached more than 10%. Once the Reagan recovery got cooking, in 1983, growth stayed above 5% for 18 months and never fell below 3.3% for 13 consecutive quarters.

In the Obama recovery, growth has never exceeded 4% in any quarter and fell off markedly in mid-2010 through the third quarter of 2011. For the first nine months of 2011, growth averaged less than 1.2%. The economy finally picked up again in the fourth quarter, but still at a rate that is subpar for a recovery that long ago should have become robust and durable.

[Snip]

Mr. Obama's regulators also currently have some 149 major rules underway, which are those that cost more than $100 million. The 112th Congress hasn't been able to kill a single major rule. The most it has been able to do is extend the Bush tax rates—which helped the economy by avoiding a tax shock—and slow the rate of increase in federal spending. This President has been "obstructed" less than anyone since LBJ.

[Vaduz]

This President has been “obstructed” less than anyone since LBJ.
And look what happened.Obama makes Hitler look like a starter kit.

[SMARTY]

“O” has had glowing success in only one thing. He has succeeded in driving a wedge through a united America.

The dangerous, debilitating and death defying polarization of this country (to the interminable delight of our enemies) is all he has accomplished. This is nothing to be proud of.

America cannot sprawl powerless and paralyzed like this for much longer without serious and irreversible consequences.

[Oldeconomybuyer]

bump