Replies

You are being completely theoretical and reality is about to smack you in the head. Start with the power: what can the house do to stop Obama's war on coal? He promised a war on natural gas after that.

Maybe you didn't notice, but the Fed is buying up debt. It's mortgage debt but debt is fungible. It is a transparent ploy to keep interest rates on T-Bills ridiculously low. Given the fact that our country owes not just 15 or 20 trillion but has obligated 100 or 200 trillion more in the next 30 years, is there any chance in hell that we will come up with that money? No, we will default (stiff our creditors) we will cut entitlements (as you point out) and the Fed will inflate. We will eventually do all three of those things. Obama can pass on all of that in his term.

Obama will demagogue the entitlements, the payroll tax holiday and all of his spending. He doesn't care about debt and our inability to pay it. The Fed will comply with his implicit order to keep easing. Most importantly the Fed easing will keep undermining the economy as it has for the past 5-6 years, post bubble. He doesn't care if the Fed balance sheet grows into the trillions, it only helps him in his term.

I don't understand why you are complaining about Obamacare, it is only the means to destroy the private insurance system and then the allow the government takeover of the health providers using their single payer purse. Obama is laughing at your whining about the jobs it will kill, he could care less.

The rest of your post is rather obvious. Of course the world economy is not going to save Obama. But here's a tip: he does not care. He wants to transform American capitalism into a socialist, egalitarian economy. The best way for him to do that is to crush the capitalistic pieces one or two at a time. The struggling economy will just give him new reasons to control parts for his purposes like the auto union bailout.

Too much "disparity" in health care? Simple, just kill the insurance companies, create a single government payer, take over the providers and run it from Washington. Everybody gets a phone and you pay for it. His campaign donors deliver unreliable and 10x expensive solar power, he adds it to your electric bill. Those are just a few of things he has already started. There are big lists of others, look it up. Then think about how little the house can do to stop him.