LAMBRO: Obama could sink with capsizing economy

Boasting business background, Romney best positioned to capitalize

Question of the Day

Should Congress make English the official language of the U.S.?

View results

Meantime, a little more than six months before the 2012 election year begins, the economy looms as Mr. Obama’s potential Waterloo.

The economic recovery, if there ever was one, is clearly losing ground. Punishing 9 percent to 10 percent unemployment rates show no sign of any significant decline this year or next, and one poll finds that 80 percent of recent college graduates are unable to find work. The stock market is tanking and with it, tens of millions of pension plans. Home sales continue to plunge along with home values.

If all this weren’t enough, CBO says that under Obamacare, “an aging population and rapidly rising health care costs will sharply increase federal spending for health care programs and Social Security,” causing “federal debt to grow to unsustainable levels.”

Donald Lambro is a syndicated columnist and former chief political correspondent for The Washington Times.

© Copyright 2014 The Washington Times, LLC. Click here for reprint permission.

blog comments powered by Disqus
TWT Video Picks
You Might Also Like
  • Maureen McDonnell looks on as her husband, former Virginia Gov. Bob McDonnell, made a statement on Tuesday after the couple was indicted on corruption charges. (associated press)

    PRUDEN: Where have the big-time grifters gone?

  • This photo taken Jan. 9, 2014,  shows New Jersey Gov. Chris Christie gesturing as he answers a question during a news conference  at the Statehouse in Trenton.  Christie will propose extending the public school calendar and lengthening the school day in a speech he hopes will help him rebound from an apparent political payback scheme orchestrated by key aides. The early front-runner for the 2016 Republican presidential nomination will make a case Tuesday Jan. 14, 2014, that children who spend more time in school graduate better prepared academically, according to excerpts of his State of the State address obtained by The Associated Press. (AP Photo/Mel Evans)

    BRUCE: Bombastic arrogance or humble determination? Chris Christie’s choice

  • ** FILE ** Secretary of State Hillary Rodham testifies on Capitol Hill in Washington, Wednesday, Jan. 23, 2013, before the Senate Foreign Relations Committee hearing on the deadly September attack on the U.S. diplomatic mission in Benghazi, Libya, that killed Ambassador J. Chris Stevens and three other Americans. (AP Photo/Pablo Martinez Monsivais, File)

    PRUDEN: The question to haunt the West

  • Get Breaking Alerts