As President Obama approaches the end of his fifth year in office, he’s nearing the time for his ann

Even Democrats foresee years of economic malaise

Question of the Day

Is it still considered bad form to talk politics during a social gathering?

View results

As President Obama approaches the end of his fifth year in office, he’s nearing the time for his annual report card. It isn’t a pretty picture.

Americans are giving him failing grades, as polls show his job-approval scores plunging to the lowest level in his presidency. Only 41 percent approve of his performance in office, while 52 percent now disapprove of the overall job he’s been doing.

There are plenty of reasons for Mr. Obama’s dismal marks — from his foreign-policy blunders and a troubling decline in our national security defenses to a still-high unemployment economy that remains subpar and sluggish. Throw in the Obamacare debacle that’s become a disastrous metaphor for his administration’s incompetence.

However, these and other failures aren’t being pointed out just by his Republican opponents, but by Democrats, too, who are deeply troubled by what they see on a range of issues.

New York Times economics columnist Paul Krugman, one of Mr. Obama’s earliest supporters, recently raised the prospect of a painfully weak, job-starved economy lasting a great deal longer than most economists expected.

“What if depression-like conditions are on track to persist, not for another year or two, but for decades?” the Nobel Prize-winning economist wrote late last month in his widely syndicated newspaper column.

Mr. Krugman’s answer is that “economic reality is what it is. And what that reality appears to be right now is one in which depression rules will apply for a very long time.”

Mr. Krugman is not alone in his dire depiction of the Obama economy. Other Democrats were saying the same thing, including Lawrence Summers, the former chairman of Mr. Obama’s White House National Economic Council, and secretary of the Treasury under President Clinton.

In a recent, high-profile lecture before the International Monetary Fund’s annual research conference, Mr. Summers said for the first time that we could be in for a long period of “chronic and systemic economic sluggishness.”

In other words, this economy isn’t going to get much better. We’re going to slog through a painful, jobless period for the rest of Mr. Obama’s presidency.

More recently, the House and Senate leaders of the intelligence committees in Congress, including Sen. Dianne Feinstein, California Democrat, said that America now faces a growing terrorist threat.

Mr. Obama won re-election by telling voters that al Qaeda’s terrorist ranks were “decimated,” we had them “on the run,” and that we were much safer as a result. But Mrs. Feinstein and Rep. Mike Rogers, Michigan Republican, who are briefed regularly in secret by the government’s top security officials, are telling us a far different and more alarming story.

“The terrorism threat against the United States is increasing, and Americans are not as safe as they were a year or two ago,” the two chairmen said in a joint interview on CNN’s “State of the Union” Sunday, according to The Washington Post.

Mrs. Feinstein told CNN that now “there are more terrorist groups than ever, with more sophisticated and hard-to-detect bombs,” the Post reported. “There is a huge malevolence out there,” she said.

Does that sound like we’re safer? Yet, perhaps no other shortcoming in this administration has been as shocking as the multiple failures of Obamacare.

Story Continues →

View Entire Story

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

Comments
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