Sunday, August 23, 2009
The trends in place continue. Obama is increasingly polarizing the electorate. 41% strongly disapprove of the job he's doing, and only 27% strongly approve, according to the daily tracking poll run by the folks at Rasmussen. It would appear to me that Obama severely misinterpreted his election mandate, thinking that "change" meant bigger government, while the voters severely underestimated how liberal he actually was, thinking that "change" meant better government.
With cap and trade on hold until next year, and healthcare on the skids, we are left with a problem (the stimulus package passed last February) that is not impossible to fix. It's still in its infancy, and it shouldn't be too hard to cancel the bulk of the "stimulus" spending, given that the economy has emerged from recession without the benefit of 90% of the $800 billion that was supposedly essential to avoid an economic disaster. If we could recall the stimulus, then we might even be able to figure out how to avoid the tax increases scheduled for early 2011. I can dream, can't I?
Posted by Scott Grannis at 10:48 AM