James Rainey, writing for the Los Angeles Times, apparently took a few minutes to listen to CONservative talk radio darling Rush Limbaugh so the rest of us don't have to. "The Obama recession is in full swing, ladies and gentlemen," Limbaugh warned his millions of listeners this past Thursday. "Stocks are dying, which is a precursor of things to come. This is an Obama recession. Might turn into a depression." – Yes, Rush, America's current economic woes are Obama's fault. Brilliant!
But, wait! There's more. Rainey reported that Rush warned his listeners, "They're going to take your 401(k), put it in the Social Security trust fund, whatever the hell that is." Whatever the hell indeed, Rush, especially since neither Obama nor the Democrats have proposed anything of the kind.
Mark Steyn, writing at the National Review, warns that America is about to succumb to, "the sedating coccoon of the nanny state," and usher in, "the death of the American idea." Steyn accused Obama of, "promising to give 'tax cuts' to millions of people who pay no taxes." I'm not sure how one would receive a tax cut if one pays no taxes. If you have nothing, how do you take away from nothing? Perhaps he's using the New Math. Steyn believes that Obama's, "so-called 'tax cut' will absolve 48 per cent of Americans from paying any federal income tax at all, while those that are left will pay more." Again with some odd math. Steyn seemed to be convinced that America is about to bid farewell to, "self-reliance, dynamism, and innovation."
Writing at the conservative Weekly Standard, Irwin M. Stelzer warns of the impending "economic consequences" that might result from an Obama Presidency in a piece ominously entitled, "The Worst Case Scenario."
Stelzer warns that, "Taxes on the richer families will go up to fund checks that will be mailed to the lower earners who now pay no income taxes..." Low earners pay no income taxes? Stelzer also warns that Obama will inherit partial ownership of many banks as the result of recent bailout efforts. "There is little doubt that he will use that control to restrict executive salaries, direct funds to homeowners behind in their mortgage payments, pressure banks to lend to constituencies he and his congressional allies deem worthy..."
Citing what he deems as Obama's probable attitudes toward nuclear power, new oil drilling, and coal-burning power plants, he warns us that, "it will soon be apparent that America will not have sufficient supplies of energy to fuel its economy..." Although he doesn't really explain how, Stelzer predicts that Obama will, in fact, be able to usher in some economic improvement. Stelzer laments, though, that said improvement would be nothing in comparison to the one a President McCain would have delivered. Stelzer foresees the slight Obama-driven economic improvements as effective enough to trigger most Americans to think that in 2012 they will be better off than they were in 2008 – enough so that it will afford Obama his reelection over (you guessed it...) Caribou Barbie (a.k.a. Sarah Palin). And, so, America wouldn't experience any proper growth until we come to our senses and elect a Republican in 2016.
I have an idea. Let's see what changes President Obama brings to America before we write the book on his Presidency. Ridiculous predictions have a way of coming back to haunt their predictors.