Obama is Toast Marathon V2.4
Why are my fingers all happy and jazzed when I do the Toast Posts?
Barack Obama’s campaign has spent tens of millions of dollars attempting to paint Mitt Romney as an unsavory businessman, a clueless tycoon, and even accused him at one point of being a “felon.” Team Obama needed to make Romney toxic early, while it had a large advantage in primary-campaign cash, in order to avoid having to defend Obama’s economic record. So how did that strategy work out? After three solid months, a new poll by The Hill shows Romney holding a narrow edge on character issues over the incumbent President
Obama and his campaign have tried offering distractions such as same-sex marriage, contraception mandates, and hiking taxes on the rich. According to the latest Gallup survey, Obama’s effort has missed the mark entirely
“To us, the biggest bull case for US equities is based on the huge cash balances and the potential belief that they will be more actively and productively deployed. The biggest possibility here would be Romney winning the presidential election.”…
Recognizing this vicious cycle isn’t exactly rocket science — though it seems to be lost on the president and his economic team, such as it is. Tim Geithner, the Treasury secretary for the past four years, seems oblivious — or at least powerless to get Obama to back policies that might get businesses to hire again.
Maybe that’s because the real administration power on these issues is senior adviser Valerie Jarrett, who shares the president’s most absurd economic theories, like the virtues of raising taxes on job-creating small businesses even in a time of economic distress.
Then again, why would Obama and his “brain trust” enact policies that, in succeeding, would refute their failed vision? They’ve have more pressing matters at hand. Winning the election comes before dealing with an economy that’s headed for the cliff.