Democrats continue to sing the same song. According to them, we need more taxes on the rich to fund more infrastructure (no-work construction union giveaways) investments in education (civil service union giveaways) and investments in innovation (BS green energy boondoggles). But they've thrown over 1 Trillion dollars at that plan already and their plan hasn't worked.
Left to his own devices, Obama couldn't run a lemonade stand, and neither could his advisers. They have taken the single most economically destructive path available to them at every turn. And now that their polices of higher energy costs, more regulation, and greater mandatory governmental inefficiency have begun to bear fruit, they still don't realize that it's their fault. They'll keep telling the rest of us that the only way to solve this problem is to put them in the economic driver's seat no matter how incompetent they are.
Obama knows nothing about investment. He knows nothing about productivity, and even less about economics. His entire worldview leaves him doing the precise wrong thing, every time. He is arguably the most ant-American American president in history. But the good news is that the American voters are finally waking up to that.
At this point, even his most rosy outlook leaves unemployment considerably above 8% at the next election. That makes him all but unelectable. In fact, the only way that Barak Obama can get re-elected President, would be for the Republicans to give in and allow him to raise taxes during the debt ceiling negotiation. Anything else, and he's finished.
That's one more incentive for the Republicans to stand firm. And ironically, it's more reason for the Democrats to stand firm too. Obama may very well be saying "If I can't run things, then I might as well blow the whole thing up!" I wouldn't put it past him. So maybe this isn't such good news after all.
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