Finally, even those in the lapdog Obama-mania media are starting to notice the decline in Barack Obama's approval ratings. The Washington Post has a piece out today: “Obama’s approval drops as Americans take a dimmer view of his economic policies.” In some ways this is frustrating because Barack Obama hasn't changed anything about his economic policies; Apparently the American people got the memo a little too late about how his economic policies simply aren't working.
Barack Obama ran for re-election on the promise of tax increases and bigger government and that is exactly what we are getting from him. But the American people don't seem to like that. They woke up to a 2% payroll tax increase in 2013, which caught low-information Americans by surprise. It was laughable to see liberals suddenly complaining about their paychecks shrinking, when this was something conservatives had been warning about for months. Then, after jumping right in on a series of issues ranging from gun control to immigration, we finally landed on the sequester. The Republicans picked the perfect issue on which to unite and stand up to the president for two reasons: It falls in line with their core value of limiting the size of government and it coincides with the top concerns of the American public. Gallup polling from January shows that unemployment took a back seat to Americans' concern for our federal budget deficit and dysfunctional government. The sequester hit on both of those issues. President Panic amplified this idea of dysfunctional government with his PR panic parade, warning that if we cut 2.4% of our budget, this would spell the apocalyptic doom of America as we know it. Americans were incredulous, but Obama persisted. The failure of sequester to live up to the hype, lives up to Americans' impression of our dysfunctional system.
His demagoguery has now given way to a lack of credibility among the American people. Even Politico says that Obama may have a tax problem – The $600 billion tax increase he got as a result of the debt ceiling deal may be all the tax increases he will get. Why? Because he overshot his hand. Because his leverage is gone and the American people aren't buying his BS that we can't cut government and must increase taxes in order to restore our economic prosperity. But the Republicans now have a responsibility to offer a credible alternative.