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In spite of unemployment, the torrent of botched Obama programs, his socialist associates, nasty partisan speeches, sliding approval in the polls, and less support than in 2008 among blacks and Hispanics, Obama could still win reelection next year.
“Repeatedly throughout his meteoric rise from obscurity to the presidency, the way forward has been opened by the errors and misconceptions of his opponents,” theorized Loren B. Thompson, chief operating officer of the Lexington Institute, a non-profit, libertarian organization. “The free-market economic ideology of the Republican Party is tailor-made to promote Obama’s reelection at a time when much of the country has begun to doubt whether market forces are fair or effective.”
The late Steve Jobs, in a meeting with Obama last year told the President: “You’re headed for a one-term Presidency,” as described by Walter Isaacson in his new biography of Apple’s founder. Jobs stressed the need for more trained engineers and that foreign students with engineering degrees should be kept in this country. “The president is very smart, but he kept explaining to us reasons why things can’t get done,” Jobs is quoted as saying. Obama shrugged off Jobs’s counsel.
So, whose forecast is on target, that of Loren Thompson or Steve Jobs?
A Sept. 17 CBS News/ New York Times poll found that Obama’s approval dropped to 43 percent and his disapproval rating reached 50 percent. But the vast majority of Democrats approve (78 percent). Only 37 percent of Independents approve of his performance.
On a western campaign trip last month, Obama said, “Let’s see what we can do without Congress. We can’t wait for Congress to do its job. So where they won’t act I will,” he warned. “We’re going to look every single day what we can do without Congress.”
David Plouffe, White House senior adviser said on Meet the Press Oct. 30 the President’s new strategy is, in effect, to “go it alone” without Congress and push by executive fiat for housing changes, student loans, tax cut for the middle class, and construction jobs.
Plouffe insisted that Republicans out in the country agree with the President that the wealthy should pay more in taxes. It is the Republicans in Congress that are blocking the President, he claimed.
The President is a skillful liar. Some websites have listed more than 1,000 prevarications since he took office. So, how can this arrogant, lying President, with seemingly skimpy public support win reelection?
The rich don’t pay their fair share of taxes, Obama has claimed time and again. Most people don’t know the top 5 percent pays 59 percent of all federal income taxes according to the National Taxpayers Union.
But “contrary to Republican dogma,” polls indicate that Americans strongly support higher taxes to reduce the deficit and reduce income inequality. Some 19 different polls since the first of the year say this. A Washington Post /ABC News poll in June, for example, found that 61 percent of people believe higher taxes will be necessary to reduce the deficit.
A Pew poll in July found strong support for tax increases to reduce the deficit; 67 percent of people favor raising the wage cap for Social Security taxes, 66 percent are for raising income tax rates on those making more than $250,000, and 62 percent favor limiting tax deductions for large corporations. So, Obama has this going for him.
According to the Pew Research Center, about half of Americans say they support the Occupy Wall Street movement, while nearly as many say they oppose the movement launched last month in New York’s financial district and then to other locations. By contrast, more say they oppose the Tea Party movement than support it.
Because Obama has encouraged the protesters, while knocking the Tea Partiers, these figures are in his favor.
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