Schwarzenegger’s approval ratings, which once hovered at Obama-like levels, have fallen to record lows. The latest survey from the Public Policy Institute of California showed that fewer than one in three approve of Schwarzenegger’s handling of the state’s economic troubles. More than half disapprove of the job he is doing as governor.Yes, Arnold is a big disappointment, he ran his election on the libertarian platform, but morphed into a tax-and-spend moderate. (Matt Welch over at Reason does a good job explaining what Arnold has become.) Funny, they never seem to morph the other direction.
So Sandalow offers a cautionary tale for Obama. I disagree with Sandalow -- Arnold is no cautionary tale for Obama. Not because Arnold doesn't provide a suitable example, he does, but because Obama does not believe in cautionary tales.
Sandalow scores big with these key points:
Republicans can talk all they want about tax-and-spend Democrats, about Cabinet secretary nominees not paying taxes and about not wearing jackets in the Oval Office. If the economy rebounds in a meaningful way over the next few years, Obama’s talk of change will resonate, and his star will shine ever brighter.
On the other hand, no amount of mellifluous prose, Internet savvy or bipartisan appeal will overcome an economy in which plunging stock prices ruin retirements, bank failures dry up credit and one in 10 Americans is out of work.
Whether either one of these extremenes occurs, or something in betwen, we can only hope that Obama will not be dealt Bill Clinton's hand. (For one thing, I do not want to see Michelle as Secretary of State.) Clinton was impeached, but is still the living hero of the Democratic Party. Now to his credit Clinton was a moderate, like Arnold. Obama is a radical, and there is a tiny chance he just might crash and burn as people wake up out of their stupor and realize he is making slaves of the middle class for the benefit of the lower class. That awakening is unlikely, with the corrupt fourth estate as Obama's mouthpiece. More likely, he will be quoted for the next 200 years as revisionists create causality between Obama's farts and greenhouse gas reduction or something equally absurd.
What will happen: if the economy recovers: Obama will take the credit. If it doesn't he'll say he has a mandate to do something "we need another round of financing for a stimulus" Here is a hint... Obama is praying for another round of financing, he wants to borrow from your grandchildren to erect massive institutions to socialism and his ego. Whatever happens, three and a half years from now Obama will be asking for re-election to "finish the work we began in 2009, when we started cleaning up from the previous administration." In the meantime, he will charge ahead with his agenda full of socialism, blinders on to the lessons of his predecessors.