The Obama campaign strategy when it comes to our economy is clear: blame Bush.  Yup, Obama has been ruling our nation now for three years plus … and look where we are.  .  “Ruling,” by the way, is from Obama’s propagandists, not me.  But at what point does Obama take ownership for the economy? 

Obama propagandist Robert Gibbs told David Gregory over the weekend why we believes Obama deserves another four years.  Here was his response …

“He deserves another four years because the direction of this country is moving on a path toward a stronger country, a safer country and a better economy … We inherited the biggest economic mess and the worst economic times of our lifetime, we're making progress in turning that corner.”

Holy hell man?  How long does it take you people to turn a corner?  I’ve seen bluehairs in Buicks driving around nursing homes who look like stunt drivers next to the Obama junta turning this economic corner.  This is the worst economic recovery following a recession since World War II, and all you can say is that we’re turning the corner toward a better economy?  There are several million fewer jobs and several million fewer Americans working in the private sector since when you took office … and we’re only now turning a corner?  Just what corner did you turn?  Last week’s economic news pointed to a slowing economy …. Tell us where this corner is?  Do you remember, Herr Gibbs, that Obama himself said that if he didn’t have this done in three years, we would be looking at a one-term proposition.  Well turning a corner doesn’t come close to the definition of getting this done. 

Ronald Reagan inherited a downward sloping economy.  During the first 11 quarters of his recovery, the economy grew 18%.  We are now in the 11^th quarter of the ObamaRecovery.  The economy has grown 7% total … less than half the growth experienced under the Reagan Recovery. 

We may be turning a corner, alright, but it is not the corner anyone who appreciates the dynamic qualities of a free market would like.  At our current economic clip, the first half of this year could see GDP growth at or below a paltry 2%.  As James Pethokoukis points out, “Research from the Federal Reserve finds that that since 1947, when two-quarter annualized real GDP growth falls below 2 percent, recession follows within a year 48% of the time. In other words, the U.S. economy may be entering a red zone …”  So much for that “better economy” Robert Gibbs mentioned.

Also, it’s no coincidence that as our economic growth “cooled” to a tepid 2.2% last quarter, the number of people seeking unemployment also remains stuck at a three-month high.  It also may be no coincidence that the lame ObamaRecovery has coincided with the rising share of government spending.

Since 2008, a rising share of the economy—an estimated 24.3% of GDP in 2012, according to the Office of Management and Budget, up from 20.8% four years earlier—has been devoted to federal spending. The problem gets much worse. The Congressional Budget Office estimates that, absent changes in policy, the nation will spend 10 percentage points of GDP more on Social Security, Medicare, Medicaid and related programs in 2058 than it does today.

We can only survive an ObamaEconomy for so long.  Private spending, investment and innovation is being crowded out by centralized government spending and entitlement obligations. 

Obama made it clear in his books, his interviews and his actions that he holds capitalism and free markets in very low regard.  In his view people should be rewarded according to “what’s fair,” rather than in relation to their dedication to work and achievement. 

Obama is dangerous for America.  That corner he has us turning?  Well, he missed a sign.  “Danger, bridge out.”