Obama’s Failure Agenda

October 25, 2010 - 5:26 AM

Democrats will lose control of Congress in November. After the midterm election, Republicans certainly will control the House, and possibly the Senate.  Already lost, even before Election Day, is Barack Obama’s credibility.

It took less than half of Obama’s term for this to happen. Legislatively, letting Nancy Pelosi write and ram through a $787 billion stimulus bill was an indicator that Obama was clueless about how to jump-start the economy. Obama signed the bill into law in February 2009.

The stimulus program, the American Recovery and Reinvestment Act, spent $63 million on a tunnel to nowhere in Pittsburgh and $89,000 on a sidewalk that led to a ditch in Boynton, Oklahoma.

Among the projects were $1.9 million for international ant research, $554,763 for the National Forest Service to replace windows in a closed Mount St. Helens visitor center, and $308 million for a joint clean energy venture with BP, the oil company best known these days for the Gulf of Mexico spill.

While Americans were losing jobs and seeing their homes foreclosed upon, the Obama administration was spending $700,000 to study why monkeys respond negatively to inequality, $529,000 to study the effects of the environment on local populations—in the Himalayas, and $456,000 to study the circulation of Neptune’s atmosphere.

Nearly $9 million was spent on signs promoting the administration’s sponsorship of various stimulus projects.

Obama’s idea of partisanship was to tell Republicans in Congress “We won.”

His foreign policy decisions included abandoning Poland, Tibet, and Israel. His efforts to entice Iran were rebuffed and the leaders of European nations and Russia made no secret that they regarded him as a dunce.

Obama took credit for the official end of the Iraq War even though that had been set in motion by the Bush administration well before his election. Instead of just closing down U.S. participation in the Afghanistan quagmire, Obama prolonged it.

At the heart of the mortgage loan financial collapse were two government entities, Fannie Mae and Freddie Mac, but when the Obama administration signed off on new regulations for Wall Street, neither were even mentioned in the reform legislation.

Big Government kept getting bigger as agencies such as the Security Exchange Commission increased its budget by twenty percent to $1.2 billion, more than triple its size in 2000. It is expected to increase by more than one thousand people to about 4,700 regulators, a 36% increase from 2007.

This is the same SEC that failed to spot Bernie Madoff’s $50-billion Ponzi scheme and which failed to do anything about the “toxic assets” that led to the government bailout of banks, investment firms, and AIG, an insurance company.

Absolutely nothing good can be said for Obamacare. Most Americans opposed its passage and most say they want it repealed.

At the mid-point of his presidency, Obama has chalked up a long list of failures and bad judgment. It’s worth keeping in mind that, on the day Barack Obama was inaugurated, the national debt stood at $10.626 trillion. A recent calculation put it at an all time high of $13.665 trillion, an increase of $4.9 trillion in under two years.

The national debt, by the time Obama leaves office in 2012, is projected to soar to nearly $16.5 trillion, more than one hundred percent of the value of the nation’s economy.

Normally, we assume that anyone who assumes the office of president has an agenda pegged to success, so that history will look favorably on his accomplishments. But this does not appear to be the case with Barack Hussein Obama, whose agenda instead seems to be one that ensures America’s failure.

The next Congress, particularly the House where all spending bills must be initiated and passed, must slam on the breaks if America is to survive Obama’s failure agenda. Don’t forget to vote on November 2nd.