ON March 7, 2009 I made eight predictions in a blog titled Barack Obama’s First 45 Days. Five of these eight predictions have or are coming true.

FROM MARCH 7 2009: I’m sorry to predict that President Obama’s policies will continue to worsen economic and social conditions in this country. Mr. Obama’s socialist agenda is simply not compatible with the capitalist culture. The continuous clashes of these two diametrically opposed ideologies will merely promote and foster continuous disharmony. His rampant spending will only promote more government greed and corruption.

1. President Obama will sign the Omnibus Budget complete with 8,000 earmarks in spite of his campaign promises. He will predicate this on ‘the need to do this immediately to help the economy.’ The ‘debate’ you will witness over the size of this budget and its earmarks are merely more political theater.
2. Rampant government spending will continue. This is his published Plan for America and he will refuse to make any adjustments no matter what the current economic conditions. Proof of this will be his ardent refusal to postpone the spending on a national health care plan despite pressure to do so.
3. I have predicted for months to family and friends that the Federal Deposit Insurance Corporation (FDIC) would fail. Early reports are that trouble is brewing as the FDIC has asked to borrow 500 billion from the Government and raise their fees to banks. There is simply not enough money available to insure all of our money as banks fail. The government will not have enough money at some point to cover the FDIC. [1] [writer's note today: FDIC has not failed yet but signs indicate it has further struggling, see referenced article].
4. Foreign policy will become a contentious problem with the new administration. Obama’s arrogance combined with his inexperience will breed poor decision after poor decision. He is already demonstrating missteps. Early proof of serious problems in this arena will be Hillary Clinton’s resignation as Secretary of State. [2] [writer's note today: she has not resigned yet but according to the lead editor at the Weekly Standard she will this Fall. I further predict she is weeks or even days away from the announcement. This ties in somehow with White House requests for Patterson to not run in 2010].
5. President Bush and members of his administration will be investigated for ‘war crimes’. Despite feigning distaste for these measures, President Obama will find ‘too many signs that warrant serious investigation’ into these matters. This will prove to be disastrous for this country and further the divide between Dems and GOP’ers.

Watch for 3 and 4 to further develop. The three of eight that are stagnant? A second TARP bill would pass, a second Stimulus Bill would pass, Rush Limbaugh would be removed from the airwaves. I’m going to stick with all three. Things are certainly moving in that direction.

Todd
ideapalooza
September 25, 2009