With nearly ten months into his administration, the current holder of the office of president seems to think that the previous administration is still in charge.  With the failure of the current stimulus package, Obama and his minions continue to excoriate the former Bush administration for all that is wrong with the economy.  This is a tactic which ensures that the “useful idiots” continue to look backward as opposed to the present and the facts before them.  However, if we consider the 30,000 jobs saved or created under the current stimulus plan initiated by “we got to have this now” Obama and his Democrat leadership, we find that the rear view mirror looks pretty good!

                 

For much of the recent history, "former" news organizations calculated and presented the misery index.  It really wasn’t all that scientific, but it gave people a sense of the impact of unemployment and inflation related to the administration in office.  Looking in that same rear view mirror, we can find that only Clinton and Bush had approximate equivalency in their respective administrations along the unemployment/inflation scoring of the misery index.  However,  given Obama’s penchant for demonizing Bush, we find that the “Misery Index” also improved, as measured by that same combination of inflation and unemployment.

                  

In contrasting the current administration and their first nine (9) months in office we would get a “Misery Index” (unemploymentrate of 9.8% and the inflation rate of -.96%) of 8.84 which is higher than all years during the Bush administration and the Clinton administration, with the exception of Clinton’s first year in office.  With unemployment projections likely to be over 10% and inflation beginning to rise in 2010 due to expansion of the money supply and the falling dollar, we would anticipate that the Obama misery index will be more reflective of the Reagan presidency when evaluated in context of the core unemployment rate. 

So it would appear that Obama can indeed claim the mantle of the Regan presidency in context of the misery index and the horrific effects of his early and failed policies.  But context of such an index is indeed important.  Because while the relative number is nearly the same, the unemployed is substantially different.  In fact, the lack of job creation in conjunction with those who are uncounted due to loss of unemployment benefits would likely drive the misery index up to Carter levels while doubling the unemployment of the Carter years!  So however you look at it, the old adage rings true – recession is your neighbor losing his job, depression is you losing your job – and from our way of thinking, recovery is when Obama loses his job.

But the problems he is creating by going on the socialization of our economy pales in comparison to the aforementioned indexes.  Obama, with a majority Democrat Congress, is pursuing a debt policy that will double the deficit left by Bush while increasing entitlements and the associated liabilities by trillions of dollars more.  The graph below provides a view to those actions and the rampant spending that was initiated by Obama and his administration.  And these calculations exclude the impact of healthcare or the impact of cap & trade, should those both pass into law.

                          

And all the while, the president plays basketball, holds entertainment events at the White House, attacks Fox News and Rush Limbaugh, continues to appoint the most perverse and radical group of people to his administration and continues to blame Bush and the right wing media.  And now he is trying to control the internet through the FCC and the Net Neutrality law that seems benign enough but will have a disastrous effect on the free flow of information by creating the “right” for the FCC to regulate the internet itself and the associated content, distribution and costs related to its use! Throughout all of this, we see a cool and restrained president, never rattled, never angry in his demeanor yet who has calculated the required efforts to “remake” this country.  He no longer listens to a large block of the American electorate and is engaged in his mission of change and damn you if you disagree.

As 2010 approaches, we must work hard to undo the domination of the Congress currently held by the Democrat party.  Obama knows this and is racing against the election year in which he and his cohorts in crime will be held accountable for their actions.  His “hope” is that the “change” he has put in place and the spending and debt he has committed the people of the United States to, will be enough to ensure his radical legacy and enshrine the power of his party over time.  So, while you may be interested in watching Dancing With Stars or American Idol, your time would be better spent watching the actions of an administration that is foisting changes on our culture and our nation that pale against past administrations.  And they hope to keep you looking in the rear view mirror at the Bush presidency so that you don’t see the train wreck you are about to experience, which is Obama’s American vision.  “Bush Derangement Syndrome” and its associated symptoms of blindness, loss of hearing, confusion and an inability to speak clearly, will allow this administration to offer prescriptions for change that won’t cure the disease, but will likely kill the patient!  Now that’s healthcare reform that needs a major surgical extraction, as Obama likes to say, in 2010 and 2012.  Perhaps the patient can recover if we act soon enough.  It's up to you America.