The Great $750 Million Demolition Job

Wednesday, 26 Oct 2011 01:30 PM

By Christopher Ruddy

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Polls continue to show that President Barack Obama should stand little chance of re-election — a new Harris Interactive survey shows that the incumbent has a negative rating even among Democrats and liberals.

But Obama’s team has a “secret plan” for retaining the White House.

Actually it’s hardly a secret. New York magazine’s John Heilemann, co-author (with Mark Halperin) of “Game Change: Obama and the Clintons, McCain and Palin, and the Race of a Lifetime,” an inside account of the 2008 presidential campaign, says Obama’s strategy is for a “demolition job” against the Republican nominee.

“He and his campaign [will] spend $750 million to make whichever Republican he’s running against unacceptable to the American people, the same way that George W. Bush did to John Kerry,” Heilemann recently said on Chris Matthews’ MSNBC show, “Hardball.”

“That’s a lot of money. And whoever they get is going to have real flaws. It’s possible they can accomplish that, but it’s going to be a demolition job.” Heilemann has predicted an “onslaught of negative advertising” against the Republican candidate, nothing less than a smear effort, in my book.

How depressing that Obama’s re-election has come to this, from a man who sought to present himself as a great uniter and healer of our nation.

We know Obama can’t run on his record. Fox News’ Bill O’Reilly marked the president’s first 1,000 days in office by laying out that record in his “Talking Points Memo”:
  • An increase in the national debt of $4.2 trillion, with the country now spending $4.2 billion a day more than it takes in
  • Some 2.2 million lost jobs, but 140,000 jobs added to the government payroll
  • Nearly 3 million more Americans living in poverty than before he took office
  • 4 million bankruptcies and 2.4 million homes foreclosed on
  • Gas prices up 80 percent, and health insurance premiums up 13 percent
Even New York Daily News owner Mortimer Zuckerman, a longtime supporter of the Democratic Party, says Obama is hostile to business and asserts that the real unemployment rate today is closer to 20 percent, far greater than the official rate of 9.1 percent.

While I believe Obama inherited serious economic problems when he took the oath of office, his policies have prolonged and exacerbated them. We now appear to be headed toward a financial tipping point, with a further downgrade of America’s credit rating looming due to concerns over out-of-control federal spending and a monstrous deficit.

Recently I read Russ Koesterich’s “The Ten Trillion Dollar Gamble: The Coming Deficit Debacle and How to Invest Now,” which details the country’s current fiscal mess. As Koesterich points out, U.S. debt woes are significantly worse than countries like Greece, Ireland, and Italy. In fact, Greece’s debt is 300 percent of revenue while America’s is 350 percent!

Obama had a chance to bring the nation together to tackle our looming fiscal problems. But early on he chose to chart his own course, making two major woeful miscalculations that made him the sole inheritor of the current mess.

The first was his refusal to agree to a bipartisan compromise on his 2009 stimulus program, which has cost us more than $800 billion. Republicans would have voted for a compromise stimulus, one that would have reduced its size but included more stimulus through tax cuts and other incentives. But Obama did not want to give an inch to their concerns.

Second, he again did not include the congressional GOP input in formulating his mammoth healthcare reform bill — it was his way or no way.

Obama’s performance on foreign policy might be considered the one bright spot of his tenure so far. Even O’Reilly gives the president high marks for fighting terrorism, and the U.S. played a role in ousting Hosni Mubarak in Egypt and Moammar Gadhafi in Libya. But initial successes are quickly coming unraveled.
Image of Arab Spring protesters against Gadhafi in Libya.
Arab Spring unfolds in Libya.


Security expert Frank Gaffney, former President Ronald Reagan’s assistant defense secretary, points to dangerous signs that radical Islamists are poised to take over Arab governments and pose new dangers to the U.S.

An Islamist party has claimed victory at the ballot box in Tunisia, and Libya’s new rulers declared that the country will be run on Islamic principles and under Islamic law (Shariah). The Muslim Brotherhood has emerged as a strong force in Egypt, and violent insurrections are ongoing in Syria and Yemen.

“I’m afraid there’s a war coming; perhaps a cataclysmic regional war over, at least in part, the future existence of Israel,” Gaffney told Newsmax.TV in October. He criticized the Obama administration for “embracing” the Muslim Brotherhood, and complained that Obama is not pursuing efforts to ensure that democracy has a future in Arab countries.

The handling of foreign policy matters is not a Democratic or Republican issue, but one requiring competence and an understanding of the changes in the world, especially the Arab world where religion and culture cannot be discounted.

Obama, then, gets a failing grade on domestic issues and one rapidly falling on international ones. Obama does get an A for giving us “change” — but it may not be the change America wants or needs.

With the election fast approaching, Obama seems to be desperate and employing a $750 million wrecking ball to demolish the Republican opponent next year will confirm it.



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