Are you part of the 64% of Americans who think Obama is doing a "good job" with the economy?

Is there such a thing as "mass denial"?

Despite the fact his economic team has been in place since November 14th, it took Obama nearly four months to offer a detailed plan for addressing the core of the economic downturn — the banking system.

This plan has a chance — but only a chance — of working because private investors are running scared over the prospect of being the government’s partner and the special punitive legislation that may befall them if they should have "excessive" profits.

This because the adminstration has played the populist card of blaming CEOs and greed for the crisis — a crisis that was as much created by the greed of the little guy and a government willing to use the banking system as a tool of social policy as by greedy bankers.

In the energy sector, the administration has decided to give Harry Reid the victory in the longstanding Yucca Mountain controversy — dealing a huge blow to the nuclear energy industry by denying them a viable fissionable material storage site. The cap and trade proposal promises to devastate the petroleum and coal sectors and send home to each of us a significant rate increase. And even the solar industry was dealt a serious setback when the administration locked off huge tracts of public land from development into solar farms — including the nearly perfect mojave desert outside Los Angeles — as part of tightening the noose on the energy sector.

The healthcare sector continues to reel over threats to nationalize health care as pharmaceutical companies forge foreign alliances through the acquisition of strategic European partners to open the option of slipping out the country if need be to avoid price controls and legislative mandates to provide service.

Then there is the corporate tax threat for companies shipping jobs overseas which would tax oversaes sales twice for the first time — first in the country of sale and then again in the US. The Canadians have been ratcheting down their corporate tax rates to 25% state and federal in anticipation of the Flight of American business if the climate should become uncompetitive in the US.

And although I was relieved to see the Obama administration will no longer enforce federal marijuana laws in states that have medical marijuana legalized — it now occurs to me that at least 64% of us don’t need marijuana. They are on an Obama high and apparently it is mind altering and addictive.
SOURCE: Washington Post/ABC News Poll