Obama's Fading Magic

The Obama administration has been hit by devastating economic news on multiple fronts. There are too many news items to single out any particular one to discuss in depth. They are all relevant. 

I suggest we play a drinking game. After reading each item below, take a shot or chug a beer. You should be wasted by the time you are done.

You might need it:

1.) Austan Goolsbee, chairman of the White House Council of Economic Advisers, has committed hari kari and resigned to return to academia. Goolsbee is the fourth or fifth member of Obama’s economic team to resign. Speaks volumes, doesn’t it?

2.) According to USA Today, “the federal government’s financial condition deteriorated rapidly last year.” There are now $61.2 trillion dollars in unfunded Social Security and Medicare obligations. The average American household is on the hook for $527,000 – just for that! H/T Rush Limbaugh

3.) Half of last month’s job growth came from McDonald’s.

4.) The National Journal has a new poll which shows that Obama’s approval rating has collapsed with 18 to 29 voters, especially young white voters, who are graduating from college to work in fast food restaurants.

5.) According to The New York Times, Obama is becoming unpopular even on the most leftwing college campuses like Oberlin College.

6.) The Atlantic is reporting that Obama is “no longer cool” on college campuses.

7.) Bob Livingston gets into the guts of the economic collapse on Townhall.com: “We’re on the verge of a great, great depression. The [Federal Reserve] knows it,” said Peter Yastrow, market strategist for Yastrow Origer on CNBC last Wednesday.

8.) According to The Daily Caller, only 27 percent of college grads are committed to supporting Obama in 2012. 60 percent of college graduates cannot find a full time job in their field and an incredible 85 percent of college graduates move home after college.

9.) While all this is happening, Barack Hussein Obama is responding to the present economic crisis by pushing for new free trade agreements with South Korea, Columbia, and Panama.

10.) In the United States, teen unemployment is now at 24 percent and in California which recently passed the DREAM Act for illegal aliens can get in-state tuition it is more than 34 percent!

11.) According to CBS News, the unemployed in America today have stayed unemployed longer than their counterparts in the Great Depression.

12.) In Britain, The Guardian is writing about the decline and fall of the American Empire in light of Barack Hussein Obama’s economic performance.

13.) The number of Americans on foodstamps has more than doubled since Barack Hussein Obama became president.

14.) According to The Washington Post, 6 out of 10 Americans do not believe there has been a recovery, Americans say the country is on the wrong track by a 2 to 1 margin, and 9 out of 10 say the Obama economy sucks.

Finally, The Washington Post says that the Osama bin Laden bounce for Obama has disappeared in the latest polls.

In immigration related news:

1.) The North Carolina House is about to pass E-Verify.

2.) Immigration reform is back on the agenda in the Texas special legislative session. I promised to keep you updated on this.

3.) Gov. Haslam has signed into law an E-Verify bill in Tennessee that flew completely under my radar.

That’s my wrap up, folks. All that in one day. Chew on that.