Obama losing power by Dick Morris
Posted on | May 1, 2013 | 11 Comments
Obama Losing Power
Listen to the air going out of the economy. It sounds like an air mattress deflating.
As ObamaCare comes closer to becoming reality, its drawbacks — or at the very least, its growing pains — alienate more and more of his erstwhile supporters. The president’s failure to pass a gun control bill was more than a legislative reversal: he lost in the court of public opinion. Despite his histrionics exploiting the Newtown, Conn., tragedy, he failed to move public opinion. In fact, polling suggests that it moved the other way — from a pro-gun-control consensus in the wake of the shootings to a pro-Second Amendment posture after more reflection. The Boston bombings cast a harsh light on his failure to keep us safe and his weird compromises with Islamic terrorism.
It might be a long, hot summer for the president.
Leading the casualty list is President Obama’s economic policy. After 0.4 percent growth in gross domestic product in the last quarter of 2012, experts had expected a sharp rebound in the first quarter of 2013, sparked by year-end bonuses. That didn’t happen. The 2.5 rate was anemic at best. The fact that only 88,000 jobs were created in March of 2013 is pathetic. Indeed, the prospects for any kind of real growth this quarter are sharply limited.
And more economic disaster beckons.
The stock market is artificially pumped up by desperate investors who are facing zero interest rates in their safe, normal investment outlets. So these folks, who likely saw their portfolios take a crewcut in 2008 and 2009, are putting their money into CCC-rated securities — junk. The bubble is going to burst, as they all do, and their investments will come crashing down.
Meanwhile, the Federal Housing Administration has stepped in to offer mortgages to low-income people with all of the shortcomings of those issued or insured by Fannie Mae and Freddie Mac — a 3 percent downpayment, artificially low teaser interest rates and high mortgage/value ratios. Wait until this crash materializes.
Finally, the banks of the world are invested to the tune of $1.6 quadrillion (first time you’ve seen that word in print?) in derivatives. There is not enough money in the Fed, the European Central Bank or China to cover the losses that are in the offing. With the Fed’s balance sheet stretched as never before, there is little room for error in this preposterous bank gambling.
And then there’s ObamaCare. Set to go into effect in 2014, Americans are in for some sticker shock when they see their health insurance premiums. The pleasant promises of a $2,500 per family savings will be seen as the baloney they were when the president made them. And a great many Americans will find equally disingenuous his promise that we can keep our current health insurance policies if we want to. With our employers weighing whether to pay a $3,000 per employee fine for no coverage of a $15,000 health insurance premium, it will be an easy decision. They will cancel their policies and offer no coverage. Their decision will throw the employees to the mercy of the insurance exchanges Obama has established with their hope of federal premium subsidies. But, as they are about to find out, the subsidies are only available up to about $75,000 in household income, and they presuppose that you pay a minimum of 7 percent of your income on health insurance before they kick in.
Americans will be outraged when they realize how much they are going to have to pay. Young people are going to realize that the hope of coverage is evanescent at best — and the elderly will learn the grim truth about Medicare rationing.
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May 1st, 2013 @ 6:31 am
The weight of Dick Morris words is close to a feather. Totally wrong about election outcomes, totally silent about the greatest crime of fraud, forgery, and ID theft by barry soetero, totally useless as a political analyst. Morris the cat (of 9 Lives fame) has more following than this shill.
May 1st, 2013 @ 7:06 am
Right on 2discern. All he is doing is telling you what you what to hear. Obama is not losing power. He is tightening the noose, and taking more power.
May 1st, 2013 @ 9:33 am
Dick Morris? Didn’t he predict a huge win by Romney? Yep, he’s credible.
May 1st, 2013 @ 11:22 am
without elections fraud and rigging Romney would have won.
May 1st, 2013 @ 11:28 am
One thing, though, that I agree with him on, is: the stock market is propped up by the super wealthy, so they can continue to siphon off as much wealth as they can!
May 1st, 2013 @ 11:40 am
This is an apples/oranges comparison but Morris has a lot more knowledge about things, politic, than Karl Rove. At least Morris is realistic about the MO of the Dems and retains credibility.
NEWS FLASH for 2discern: they ALL are totally silent about the biggest crime of fraud, etc., in case you haven’t noticed.
May 1st, 2013 @ 12:33 pm
Orly is right when she says:
“without elections fraud and rigging Romney would have won.”
A lot of people predicted that Romney would win, btw.
May 1st, 2013 @ 3:48 pm
Well what could one expect when voters were selecting Romney on the electronic touch screen machine and then when they went to hit summary to final out their votes the machine changed their vote from Romney to Soebarkah. The machines were rigged. Romney lead in the polling in all swing states leading up to election day and then lost every swing state? Yea sure!
May 1st, 2013 @ 3:48 pm
Well what could one expect when voters were selecting Romney on the electronic touch screen machine and then when they went to hit summary to final out their votes the machine changed their vote from Romney to Soebarkah. The machines were rigged. Romney lead in the polling in all swing states leading up to election day and then lost every swing state? Yea sure!
May 1st, 2013 @ 3:48 pm
Well what could one expect when voters were selecting Romney on the electronic touch screen machine and then when they went to hit summary to final out their votes the machine changed their vote from Romney to Soebarkah. The machines were rigged. Romney lead in the polling in all swing states leading up to election day and then lost every swing state? Yea sure!
May 1st, 2013 @ 10:05 pm
Yeah…and there was talk about how Romney actually won this Presidental election by a landslide, after what we saw of O’s performance for 4-years! But, again, he stole the election, by rigging and corrupt counting of the votes, when he never should’ve won the first time!