Early in the titanic Obama Administration, Americans had acquiesced to acquiring multi-billion dollars in additional debt on assurances from the president himself that the unprecedented amount of spending was for the primary purpose of preventing unemployment from rising above 8%, and that the borrowed money was specifically targeted to "shovel ready" projects and so would "hit the ground running" and instantly "jump-start" the flat-lining economy.
Almost a year and a trillion dollars in new debt later, on the one year anniversary of Obama's election, unemployment has hit--and surpassed--the dreaded 10% marker, a watermark not reached in 26 years.
That followed the news that--as reported on October 22--the polled decline of Obama's popularity since July has been the steepest of any president at the same stage of his first term in more than 50 years.
Meanwhile, the president's party suffered the stunning losses of the governorship of deep blue New Jersey and the return to red of Virginia's in the first round of elections since Obama's own a year ago.
Abroad, the president has two left feet, always starts off on the wrong one, and puts the other in his mouth whenever he tries to hip-hop across the trip-wired mine field of international relations while American troops are stationed and fighting in two theaters of a war which he, the Commander in Chief, doesn't even consider a "real" war (as troops die on a weekly basis).
What we see is a much-ballyhooed ship, believed by its stockholders to be "unsinkable," that is recklessly steaming across dangerous waters on its maiden voyage and hitting ice-floes and iceburgs in the dark.
Unnoticed by many, however, the hull has already gotten gashed beneath the waterline, popped rivets, and had its integrity compromised. The hold is taking on water now and there is a slight but perceptible listing. The passengers have become uneasy and have started to ask questions and complain. The crew is confused; yet all they hear from the captain and his complement is:
"Everything is under control. It was just a couple of scratches."