The Media Begins to Question if Obama is Hurting the Economy

  We are beginning to see more and more of the media beginning to question not only whether President Obama’s economic policies are going to help the economy, but also whether his policies are actually what is hurting the economy now.

  In this post I stated that I believe once the economic stimulus bill passed Obama took full ownership of the economy. From that point on out whatever happens to the economy is a reaction to Obama’s policies, there can be no more talk of how he inherited the mess. We all know that the economy was in a downturn when he was elected and we all know that he was elected because of the downturn in the economy. He knew what he was getting into, as did the American people who put him in office to save the economy. So if the economy continues to falter after his plans are in place, which it is, he can no longer look backward to the former president when his policies that are designed to help the economy end up hurting it.

  And now it seems that more news outlets are starting to hold the same belief of Obama’s culpability in the falling economy from this point on. This is the latest article to question whether President Obama’s policies are causing the economy to continue its downward spiral.

  Here is how the article opens:

President Barack Obama offered his domestic-policy proposals as a “break from a troubled past.” But the economic outlook now is more troubled than it was even in January, despite Obama’s bold rhetoric and commitment of more trillions of dollars.

  A break from the glowing and flowery articles that one must usually endure about the president from the mainstream media to be sure. The economy has continued to spiral out of control since Obama was inaugurated but the media has previously been reluctant to blame the newly implemented policies of President Obama. That is beginning to change. People are beginning to question whether Obama’s policies are hurting the economy.

  The article continues:

Although the administration likes to say it “inherited” the recession and trillion-dollar deficits, the economic wreckage has worsened on Obama’s still-young watch.

Every day, the economy is becoming more and more an Obama economy.

 Exactly my point from a post on March 4th that I linked to above. There is only so long Obama can drag out the “it is not my fault” excuse. I think the time has already passed.

  But there is more than just the president’s policies that can be blamed for the continuing economic slide. While his policies are the biggest problem there is also the problem with Barack Obama’s mouth, he is spooking the economy every time he opens his mouth. Obama talks, stocks drop.

Obama may have contributed to the national anxiety by first warning of “catastrophe” if his stimulus plan was not passed

  There is also apprehension about Obama’s policies on what would normally be considered non-economic policies that have investors worried.

Many health care stocks are down because of fears of new government restrictions and mandates as part a health care overhaul. Private student loan providers were pounded because of the increased government lending role proposed by Obama. Industries that use oil and other carbon-based fuels are being shunned, apparently in part because of Obama’s proposal for fees on greenhouse-gas polluters.

  And what should be more troubling to the president is the fact that his own party is beginning to question his policies.

Rep. Charles Rangel, D-N.Y., chairman of the House Ways and Means Committee, have questioned the wisdom of Obama’s proposal to limit tax deductions for higher-income people on mortgage interest and charitable contributions.

  And Obama’s claim about how many jobs his stimulus will create or save is being seen as laughable and questionable by Democrats.

You created a situation where you cannot be wrong,” the chairman of the Senate Finance Committee, Montana Democrat Max Baucus, told Geithner last week.

“If the economy loses 2 million jobs over the next few years, you can say yes, but it would’ve lost 5.5 million jobs. If we create a million jobs, you can say, well, it would have lost 2.5 million jobs,” Baucus said. “You’ve given yourself complete leverage where you cannot be wrong, because you can take any scenario and make yourself look correct.”

  President Obama is and always was a fraud. Now it is so obvious that even the media that has always been in the pack pocket of Democrats, and even Democrats themselves, are beginning to become critical of Obama and his policies.

  The question is, if we knew what Obama’s policies were and we knew that his policies would hurt the economy, which we did, then how come the media didn’t question his policies more thoroughly before he was elected while we still had a chance to do something about it? Why did they wait until now to be critical of his policies now that it is too late to do anything about it?

  Don’t get me wrong, I am glad to see some in the mainstream media question what the president is doing, I just wish they had looked more closely into who Barack Obama was and what he believed before he was elected. Now it is too late.