I’m certainly no economist, however, I do think I can spot trends. The two presidents known most for their progressive social engineering programs, also suffered the worst scores in consumer confidence since they started measuring such things in 1952.

With a majority in both houses, Obama went right to work on social programs, rather than the economy. After two and a half years in office, he has never even created a budget, let alone presented one.

“It’s the economy, stupid.” Seems to be the thing businesses are saying to this administration. “Stop spending and start paying down debt,” is the mantra any business owner, or individual knows if they are in financial trouble. Yet, Obama is asking businesses to spend in order to help get the economy going. Given his example and results, fat chance.

Not to sound too partisan, there are some other serious troubles.

“You cannot keep on shifting income from labor to Capital without having an excess capacity and a lack of aggregate demand,” Says Nouriel Roubini, an economist who teaches at New York University. He goes on to say, “That’s what has happened. We thought that markets worked. They’re not working. The individual can be rational. The firm, to survive and thrive, can push labor costs more and more down, but labor costs are someone else’s income and consumption. That’s why it’s a self-destructive process.”

True. But given the costs of labour in developing nations versus North American Union demands, special interest and welfare programs, and a growing sense of entitlement - currently, a solution to his observation is neither workable, nor competitive.

Somehow, the business, government and public sectors must come together and work it out in a rational, dispassionate way. But I think that’s impossible, given the histrionics of the left.

This time, logic had better win over emotion, or we’re all doomed.