Thursday, August 19, 2010

America Declares Obama-Pelosi-Reid Liberal Economic Experiment A Failure

I have been predicting for weeks that the liberal economic stimulus experiment would fail – and is failing. I also noted the reason why it would and is failing – the lethargic federal government is too damn bloated and slow to ’stimulate’ anything. The liberals shunned the obvious quick solution – tax cuts – and went with liberal fantasies of a government run economy. It was never in doubt what would happen, at least not to me.

Now it is clear to an increasing number of Americans the liberal fantasy is a disastrous failure and action needs to be taken now to turn the unemployment mess around. First, they have come to conclusion the failed experiment needs to be stopped immediately:

    Forty-five percent (45%) of Americans say the rest of the new government spending authorized in the $787-billion economic stimulus plan should now be canceled. A new Rasmussen Reports national telephone survey found that just 36% disagree and 20% are not sure.
And now Americans are saying it is time to go with the tried and true (and conservative) approach of tax cuts:

    Fifty-one percent (51%) of Americans favor an across-the-board tax cut for all Americans to stimulate the U.S. economy, according to a new Rasmussen Reports national telephone survey.
    Thirty-four percent (34%) oppose such a tax cut, and 15% are undecided.

    Fifty-nine percent (59%) of both Republicans and adults not affiliated with either major political party think an across-the-board tax cut is a good idea. Democrats are fairly evenly divided on the wisdom of such a tax cut.

These numbers are not even close, and note where the center lined up  - with the tax cuts (those mushy, squishy traitors – what are they thinking!). As the unemployment picture continues to sink during the rest of this year there will be an increased outcry to end the failure and get it right. The only question is whether the liberal Dems will admit defeat (not likely) or stick in their heals and try and put lipstick on their pig of a plan. If the Dems dig in their heels they will be out of power in 2010 and then possibly in 2012.

This will be very, very interesting to watch play out. Everything is set in motion and nothing can change the direction of the liberal train wreck – except admitting they were wrong.

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