There’s this old saying, about being between a rock and a hard place. Well, that’s where our new President is going to find himself very soon.
You see, no matter who the President is, there is a whole lot of difference between a candidate and an actual elected official. The candidate, more times than not, says something to get elected that just will not be or should not be. I knew this even when I was in high school!
As it turns out, President Obama’s job approval numbers are dropping as his issues crumble:
Gallup shows Obama getting only 55 percent approval on his handling of the economy (down from 59 percent in February) and finds that only 45 percent approve of his handling of federal spending while 46 percent approve of his treatment of the budget deficit.
As it becomes clearer that the deficit caused by spending has landed us in a new economic crisis, entirely of Obama’s own making, his popularity and job performance are likely to drop as well.
The old recession — that the public says was caused by Bush — shows signs of winding down. But the new recession and/or inflation — triggered by Obama’s massive deficits — is just now coming upon us.
If Obama refuses to cut back on his spending/stimulus plans (despite convincing evidence that Americans are not spending the money), he has three options:
a) He can raise taxes, which will trigger a deeper recession;
b) He can print money, which will trigger huge inflation;
c) He can pay more interest to borrow money, which will send the economy diving down again.
As Morris points out, if you follow President Obama’s usual ideas to try to get out of this mess, they are all doomed to failure. That is because they all grow government at the expense of the tax payer.
If Pres. Obama were wise, he would choose option d) cut back government, reduce taxes and deflate the money. All of this would put more money in the hands of the tax payer and solve the problem.
Although that’s the antithesis of the Democrat party platform. Morris goes on to state that the government may go ahead and try to pass health care reform, but that would be the end of the Democrat party. Wouldn’t that be interesting?