Obama The Deficit Hawk
Nov 14th, 2009 by David Anderson
The laughter that you hear is that of incredulity. Next year, the big spender in chief wants to remake himself after the off year election losses as a deficit hawk. All the while he still plans to push 4 major new government programs. Watch the hand, it is empty.
I doubt slight of hand tricks will redeem the Democrats image while they push huge government programs. At least they heard the message, the problem is that they think they can fool enough of the people enough of the time.
Yes the President thinks we are idiots.
http://delawarerepublican.wordpress.com/2009/11/13/cut-spending/
The facts are simple, The White House thinks they can “pivot” from health care to the economy next year to soften the obvious butt kicking they got this month at the polls.
I ask one simple thing, the next time Obama speaks on a item important to the country, could he be under oath because he is the biggest liar in America.
Mike Protack
The White House thinks they can “pivot” from health care to the economy next year
That is exactly how you execute a Keynesian stimulus. You dump the stimulus money, then when the economy starts to recover you “pivot” and focus on expenditures. It is rarely executed well by Washington. Obama is definitely on the spot to perform but he hasn’t failed yet.
The extra twist is that the health care bill will help recovery by lowering costs iverall and reducing barriers to entrepreneurship (employee lock-in, lack of access to pools, etc).
Unfortunately it does none of that. It raises costs of some businesses, raises taxes on health care equipment which raises costs, either raises taxes on health benefits or the top income earners which includes small businesses. It is horrible in its design and accomplishes very little that it was advertised to do. It will actually raise premiums and lower our competitiveness.
BO’s doing his part- they’ve swithced from $200-a-pound Kobe beef to filet mignon. Castro did the same thing in Cuba, years ago..