Delusional Deficit Dreaming

And the Coming Correction

Read Jay B Gaskill’s Lost Souls Coffee Shop, an allegory for the human condition. More on the Bridge to Being Blog at http://jaygaskill.com/blog2/ .

And read Jay Gaskill’s new thriller, The Stranded Ones. More on the Policy Think Site at http://www.jaygaskill.com/TourTheStrandedOnes.pdf .

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Time for Democrats to Wake Up

The rosy CBO’s projections about the benign fiscal impact of the president’s health care package are exactly as reliable as the rosy spin about the real estate market taken ninety days before the Great Crash.

Most people are not fooled.

Any massive entitlement program - here measured in the trillions – inevitably overruns its cost projections. Think of an overloaded train aiming down a mountain with a sharp turn at the bottom and defective brakes. The health care plan is tantamount to doubling the load just before the train hits the point of no return.

A fiscal derailment with massive casualties is the next big Crash.

Delusional denial on the left continues apace. In today’s New York Times, Charles M Blow gushes about the president’s amazing resiliency and – a certain weakness in the polls acknowledged – talks about the emergence of ‘bullet proof Harry’ when the present contretemps subsides. “Could Obama Be Invincible?”

[ http://www.nytimes.com/2010/03/20/opinion/20blow.html?src=me ]

It is hard to make up a more implausible story.

Scott Rasmussen is – for my money – the most reliable pollster out there, the one that is secretly credited and corroborated by the smart democrats’ internal polls.

Try this on for size:

The Rasmussen Reports daily Presidential Tracking Poll for Saturday shows that 23% of the nation's voters Strongly Approve of the way that Barack Obama is performing his role as President. Forty-four percent (44%) Strongly Disapprove giving Obama a Presidential Approval Index rating of -21. That matches the lowest Approval Index rating yet recorded for this President.

For today, the total approval for this president’s performance is 43% against a disapproval of 56%. Disapproval has been measured as over 50% by Rasmussen since February 10. Moreover, republicans lead democrats in a generic ballot poll by 10%. In a three way match, Tea Party plus republicans are 58% against 34% for democrats. Of course, local races vary, but this is – or should be - sobering information for that dwindling number of authentic Blue Dog Democrats.

Check out the Rasmussen data for yourself:

http://www.rasmussenreports.com/public_content/politics/mood_of_america/generic_congressional_ballot

If you are still an Obama fan and want his presidency to succeed then root for his defeat on health care and for the toxic leftwing of the Democratic Party to be wiped out this November. Recall that Bill Clinton did his very best work after the people gave him a republican congress. Some of my friends – libertarian, centrist, moderately conservative – who voted for Obama based on the enchantment of his biography and an intuition that he is – at core – a moderate, reasonably pragmatic politician are beginning to worry that they have participated in the election of a hard core leftist ideologue.

We now have a clue.

JBG