Larry Kudlow goes over the poor economic and jobs numbers and argues that they do not bode well for The Chicago Jesus. On the contrary, the numbers are just terrible for most Americans and the economy continues to sink further and further into another Carter style malaise. The polls and the Obama administration would have you think that this does not matter. I tend to think otherwise. I think that everyone who is concerned about their job, and those who don’t have a job, are looking around and asking themselves whether they want four more years of this. The answer to that question isn’t hard to figure out.
At a campaign stop in Ohio on Friday, Obama actually said we’re still “heading in the right direction.” Is he kidding? As a stagnant GDP drops below 2 percent, employment falters, retail sales decline, and the ISM index for manufacturing drops below 50 (signaling contraction)? No objective observer can deny that the economy is headed in the wrong direction.
I don’t like playing the pessimist, but the numbers are the numbers. This is exactly what former Clinton advisers James Carville, Doug Schoen, and Stanley Greenberg have been warning Obama about. People just don’t believe the economy is getting better.
