And he has also said, as martin alluded to, that he would be willing to increase his own taxes. There's reaching, and then there's flailing. I think it's obvious which one this is.
Obama could sh!t a golden egg that had the cure for aids, fixed the economy, and played a waylon jennings tune and people would still find a way to bitch about it.
RealClearPolitics - Could Gas Prices Sink Obama's Reelection? the 2008 election was dominated by the housing collapse and the recession that followed. There has been talk that the higher energy prices may cause the limited recovery to slip back into a double dip recession. The report about national debt caused the dow to fall yesterday. There will be no mood in the house to spend more money on a second stimulus if the high oil prices cause another recession. Obama chose not to allow permitting in the gulf for oil drilling to resume. Will he be blamed for the high gas prices and their effect on the economy? If Obama allows drilling full steam ahead it will piss off his leftist base. If he doesn't then moderates will blame him by saying he put his ideology above the good of the country. If the unrest continues in the middle east oil prices will not fall much before the 2012 election campaigning starts. If oil prices stay high Obama will have to choose between drilling to add more domestic supply or his enviromentalist base. The republicans will make this and the debt the issues in the election. This may be his Waterloo.
Ever hear of Oprah? When she promoted Obama's second book back in 2006 book, even my little old white lady mother ordered a copy. Book royalties are huge. Last year he earned over $5 million on book royalties. He has been too busy to write a new one, I suppose.
