Wishful liberals and Chicken Little conservatives who watch the weekly fluctuations in the presidential polls have concluded that President Obama is a shoo-in for re-election. They point out that Mitt Romney, the likely Republican nominee, can’t connect with women, has a large likability gap and is slightly behind Obama in most national polls as well as in the key swing states of Virginia, North Carolina, Florida and Ohio.

The despair of faint-hearted conservatives deepens when they contemplate President Obama’s disastrous performance in office. His record of fiscally reckless extremism is unparalleled in American history. In three short years, federal spending as a percentage of GDP has climbed from 20% to 24% while the national debt has exploded from $10 trillion to $15.5 trillion. By the end of his term, Obama will have increased the national debt by a staggering 67%.

Add to this record President Obama’s continual disrespect for the Constitution, his unceasing regulatory attacks on free enterprise and small businesses, his rhetoric of class warfare, his deceptive demagoguery and his spendthrift economic policies that have fattened the wallets of his political cronies but created so few jobs that millions of Americans have simply dropped out of the labor force, and many conservatives can offer only one explanation for Obama’s current lead in the polls.

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