Posted on 12/04/2009 6:01:47 PM PST by Kaslin
It is now as certain as anything can be in politics that 2010 will be a painful year for Democrats — a year of high unemployment, staggering deficits and a growing list of casualties from an unresolved war.
Inside the Obama administration, that fact — and its implication of a sharply reduced congressional majority — is acknowledged. Strategy sessions now turn to the chance of curing some or all of these liabilities before the president faces the voters in 2012.
The economic calamity has been evident for more than a year. The housing bubble collapsed before Obama was even elected and the financial system was on its knees before he took the oath of office.
The national debt exploded with the passage of necessary fiscal rescue efforts, and it has been painfully clear for months that recovery will be slow and grudging — and nearly devoid of job growth.
This week, we learned that Afghanistan — the other nightmare he inherited — will also test the nation's patience and its capacity for absorbing pain. Obama's long-awaited speech laying out his latest effort to formulate a policy for that eight-year-old war demonstrated nothing so clearly as his inability to escape the miserable choices he has been dealt.
He bowed to the inevitable in agreeing to send 30,000 more American troops to fight the Taliban and their terrorist allies. He had long acknowledged that the presence of al-Qaeda, the growing strength of the Taliban and the shakiness of the nuclear-armed regime in neighboring Pakistan all dictated that the United States could not afford to lose its leverage with the people running Kabul.
(Excerpt) Read more at investors.com ...
When Bush was in office, I saw Liberals displaying casualty tallies from the War on Terror on their vehicles. Now...nothing at all.
“...2010 will be a painful year for Democrats...”
What can I do, personally, to make it even more painful? I’m open to any and all suggestions!
Easy - It's Reid and Pelosi's fault.
This article is so full of excuse making BS propafanda for zero that it almost deserves a barf alert!
983,675 innocent Afghan and Iraqi citizens murdered by Obama since Jan. 20, 2009!
Remember how the MSM acted when the Iraq War casualty count hit 2,000?
It’s from David Broder...you can’t expect anything better. He’s always on the side of the Democrats, although his general dullness sometimes obscures the fact.
Or pitchforks, tar and feathers before that.
W’s plans are working out well.
By acknowledging the problem before the election he assured the Obama election and the desrtuction and death of the leftist Marxist opposition.
Broder must have missed his enema.
I believe the jackasses are one major scandal, or one major terrorist attack, or one collapsed or hyper-inflated dollar away from experiencing 1994 all over again except this time it will be 1994 on steroids. I don’t wish ill on my country but I do wish ill on the party that seems hell bent on destroying my country.
Judging him by his statements and long term associations, it's obvious obama and his team do not believe in capitalism or the markets preferring instead, a combination of socialism, communism and big government. Knowing this leaves me with two questions:
Why would obama do anything other than what he is doing now?
Why does anyone think he would give free markets or business any help?
I’d like to tell you but I’m afraid of getting tossed off here or arrested but I think you get my drift.
Due, in large part, to the likes of Chris Dodd, Obama, and Barney Frank who fought the Bush Administration on even the slightest modifications to the workings of Fannie Mae and Freddie Mac in both 2003 and again in 2005. The housing bubble was largely of the Congress's making, beginning with the Community Reinvestment Act way back in Carter's day, up to the loosening of regulations on Fannie and Freddie which were done by Congress, not President Bush.
And as far as the shenanigans on Wall Street were concerned, President Bush didn't relax any regulations on them or the banks. That was done under President Clinton.
Broder probably knows that (he's never struck me as the sharpest knife in the D.C. commentariat). But Dodd, Obama and Frank are his buddies. George W. Bush was not.
By the way, you forgot Clinton's part. Bubba turned Fannie Mae and Freddie Mac into "GOE's" -- nominally independent Government-Owned Enterprises (without effective oversight) -- in 1997.
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