A special guest post by Micheal Snyder.
Michael Snyder is a conservative blogger who lives and works in Arlington, Virginia. More of his work can be found at his daily news blog (http://themostimportantnews.com/) and on his blog about conservative politics (http://thetruthwins.com/).
The 2010 election is still almost 10 months away, but already every indication is that if the election was held today, the Democrats would suffer a crushing defeat. So will things get better for the Democrats by the time election day rolls around? Well, actually the truth is that things are only likely to get worse for the Democrats and the Obama administration in 2010. As the U.S. economy continues to fall apart, and as health care and national security continue to take center stage on the national scene, an increasing number of voters are likely to become disenfranchised with the Democratic Party. The following are 12 signs that 2010 is going to be a really, really bad year for the Democrats and the Obama administration....
#1) Health care "reform" has been a total nightmare for Obama and the Democrats. The majority of Americans have been horrified to learn that the plan put forward by the Democrats will make purchasing health insurance mandatory, will raise taxes, will give the government unprecedented control over health care decisions, will result in much fewer health care choices for the average American and will push U.S. government deficits through the roof. Approval ratings for the health care "reform" bill have been hovering in the 30s, and considering that this is the centerpiece of the Democratic agenda, this is a really, really bad sign for Obama and the Democrats.
#2) In fact, more Americans than ever are sick and tired of the financial mess that the U.S. government is getting us all into. The truth is that the U.S. government is drowning under an absolute mountain of debt and all of the spending that Barack Obama is doing is only making it worse. To finance this debt, the U.S. Treasury has been forced to issue so many new bonds that the rest of the world cannot possibly buy them all. So who is buying them all up? The Federal Reserve. In fact, the Fed is now purchasing approximately 80 of all new U.S. debt.
#3) But even with all of this reckless government spending the unemployment situation in the U.S. is still absolutely brutal. When even Wal-Mart is closing stores you know things are really bad. Wal-Mart just announced this past week that it will close 10 money-losing Sam's Club stores and will cut 1,500 jobs in order to reduce costs. So if even Wal-Mart has to shut down stores, what chance do other retailers have?
#4) In fact, some areas of the U.S. are a total economic nightmare at this point. The mayor of Detroit recently said that the real unemployment rate in his city is somewhere up around 50 percent. When things get that bad, the party out of power starts to look better and better.
#5) So just how bad are things when compared to past recessions? During the 2001 recession, the U.S. economy lost 2% of its jobs and it took four years to get them back. This time the U.S. economy has lost more than 5 percent of its jobs and there is no sign that the bleeding of jobs will stop any time soon. Those who do not have jobs are much likelier to consider voting for the party out of power.
#6) The reality is that more Americans are in financial trouble than at any point in recent times. Americans are going broke at a staggering pace. 1.41 million Americans filed for personal bankruptcy in 2009 - a 32 percent increase over 2008. This is not a trend that is going to help the Democrats.
#7) We are also seeing a record number of mortgage defaults. According to a report that was just released, delinquent home loans at government-controlled mortgage finance giants Fannie Mae and Freddie Mac surged 20 percent from July to September. In fact, things are such a mess at Fannie Mae and Freddie Mac that the Obama administration recently removed the caps on the amount of financial assistance that the U.S. government will be giving these two entities. Whether or not Obama created this mess is not the issue. What is the issue is that an increasing number of Americans are blaming him for this mess.
#8) In fact, many analysts believe that the the housing crash is far from over. They say that a massive "second wave" of mortgage defaults is getting ready to hit the U.S. economy starting in 2010. In fact, this "second wave" is so frightening that even 60 minutes is reporting on it. When this second wave does hit, most Americans are going to place responsibility for it in the laps of the Obama administration.
#9) Now there is even concern that the recent global deep freeze could end up seriously affecting food prices in American supermarkets in 2010. As the past several decades have clearly shown, Americans tend to vote according to how their pocketbooks are doing, and if food prices shoot through the roof that will not help Obama and the Democrats at all.
#10) In addition, recent polls indicate that the majority of Americans are so concerned about terrorism that they would be willing to sacrifice certain freedoms in order to feel safer. Considering the fact that terrorism is considered to be an issue that greatly favors the Republicans, this has got to be very concerning to the Democrats.
#11) On the foreign policy front, Obama risks alienating the Jewish vote by continuing to insist that Israel give East Jerusalem to the Palestinians. The truth is that the Jewish vote is crucial for the Democrats and Obama in places like Florida, and by taking such a hardline anti-Israel position, Obama is not winning any new friends in the Jewish community.
#12) Also, Barack Obama is continuing to push for a treaty with Russia that would reduce the U.S. strategic nuclear arsenal to approximately 10 percent of the size that it was at the height of the cold war. Such an irresponsible approach to national security is surely not going to win Obama and the Democrats many friends among moderate voters who are concerned about security issues.
Any way you cut it, 2010 is shaping up to be a very bad year for the Democrats. Barack Obama's approval rating has already been plummeting like a rock, and there does not seem to be much hope of that turning around any time soon. In fact, if the signs above are any indication, the 2010 election could end up being really, really good to the Republicans. But with Obama still in the White House until at least 2012, will they be able to do much to clean up the mess?