Obama’s mishandling of the debt crisis and his signature on a bill that will cut social security will mark the beginning of the end of his presidency.
Before or on August 2, President Barack Obama, a Democratic Party nominated president, will in fact, sign into law a bill that cuts Social Security, Medicare and Medicaid as we know it.
Obama will sign a Republican measure to cut the first and second rail of Democratic Party politics, established by President Franklin D. Roosevelt, who launched America’s social and political compact following the dark days of the Great Depression during the 1930s.
Obama will not veto a bill that contains these cuts in the final analysis, despite his protests to the contrary during the past several weeks in negotiations with Speaker John Boehner of the Republican-led House of Representatives.
Obama will not allow the United States of America to default on its debt. Â He has publicly rejected the option of invoking the 14th Amendment that could empower him to unilaterally raise the debt, although former President Bill Clinton suggested it as an option.
The Tea Party Republicans are holding Boehner’s speakership hostage — as well as the rest of the country — while Obama repeatedly overestimates his ability to persuade his opponents to embrace his position. During the recent dust-up, any option Obama supports is rejected outright by his opponents.
His mishandling of the Republican-manufactured debt crisis and his ultimate signature on a bill that yields to “reforms” of social security and fails to raise taxes on the most wealthy of Americans, will mark the beginning of the end of his presidency. Adding to his woes is an abysmal economy that is riddled with long-term joblessness –14 million presently unemployed, registering at 9.2 percent nationally and is in double digits in a number of states, including Ohio and Michigan among others. Â Unemployment among African Americans is registering in double digits, customarily associated with depression levels.
READ: Â Gutting GOP, Gutless Obama: Â Will America’s Economy Go the Way of Europe?
Whatever happened to Obama, the soaring orator from the campaign trail? His rally of Americans last night that urged them to contact their representatives, despite collapsing a couple of servers on Capitol Hill, comes too little, too late.
Obama has curiously failed to exploit the bully pulpit throughout his presidency. His failure to advance a core Democratic Party argument that the most wealthy Americans should pay more taxes for the greater good of American society, seals his fate for re-election.
By failing early to rally like-minded Americans to this debate, Obama has preemptively undercut himself and fellow members of the Democratic Party and effectively jettisoned a significant pressure point on the Republican Party.
His failing presidency is not lost on liberal Democrats.  In a Washington Post-ABC poll released earlier today, the survey reports that liberal Democrats who strongly support Obama’s record on jobs plunged 22 points that now registers at 31 percent approval. African Americans, who have been stalwart supporters of Obama, are now hovering just above 50 percent approval of his handling of the economy.
This failure also feeds into the image of a distant Obama, detached from the day-to-day concerns of regular Americans. And Americans are weighing in with a devastating analysis. In a CNN-ORC poll released yesterday, 84 percent of respondents rated the economy either somewhat poor or very poor.
In addition, “59 percent-believe the economy will still be in poor shape one year from now.” According to CNN, this survey’s results is the first time in 14 years of poll taking that a majority of Americans were pessimistic about the economy.
Who wouldn’t be pessimistic under these circumstances?
Not missing a beat, GPS Crossroads, the Karl Rove-founded third-party political group, is airing a “No Blank Check” video aimed at Democratic Senators up for re-election in 2012, and set out to elevate the campaign when at the apex of the debt ceiling crisis. GPS put up a “No Blank Check” video and related versions against Democrats two weeks ago as part of a $7 million multi-ad rollout that is running on national cable, network and local affiliates, targeting 11 states and is being billed as an “advocacy campaign on runaway government spending.” The video below is running in Ohio against U.S. Senator Sherrod Brown (D-OH) and is also running in Florida, Missouri, Montana and Nebraska–all key states for Democratic senators that puts them at risk and “on the bubble.” And most political strategists agree that Obama must win Ohio or Florida to win the general election. There is no mistaking the Republican strategy, which has staked out these targeted states to take back the Senate in 2012.
While most Americans continue to blame former President George W. Bush for the poor economic situation in America, at the end of the day, Obama is the sitting president who has failed to rally the American people to his side during the debt ceiling crisis, a crucial test of his presidency. Obama will be forced to sign perverted legislation to avert a default, by a Tea Party-driven Republican caucus in the House of Representatives. Consequently, Obama has placed his presidency in serious jeopardy, as well as the Democratic Party’s efforts to maintain the Senate in 2012–a thoroughly depressing scenario for all Progressives in America.
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