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Kathianne
04-25-2009, 06:50 AM
Deficits? Torture. TARP? Stress tests. Stress test results? Auto bailouts. Auto bailouts? More torture pictures. Torture pictures? Bush! and so it goes....

Commentary » Blog Archive » Buy in Bulk! (http://www.commentarymagazine.com/blogs/index.php/rubin/63472)


Buy in Bulk!
JENNIFER RUBIN - 04.24.2009 - 3:30 PM
If not for the on-off interrogation show trial debacle, the biggest presidential misstep of the week would have been the laughable effort to nibble $100M out of the federal budget. Not only conservatives are laughing, as this report explains:


“You’re cherry-picking the base of the tree on stuff that is not innovative,” said Paul C. Light, a scholar of federal bureaucracy at New York University. “Purchasing in bulk? Wow, that’s a bold idea! Teleconferencing? Holy moly! None of this stuff is the kind of bold sweep you’re hoping Obama will bring to the management of government.”

Isabel V. Sawhill, a Clinton administration budget official who directs the Budgeting for National Priorities project at the Brookings Institution, said she feared the cuts would be “lampooned” on late-night talk shows.

“I’m not sure I thought it was a good step towards convincing people that he cares about fiscal responsibility,” she said.

I’m not sure either. But this is what the Obama team is forced to resort to — silly symbolic efforts because of the trap they find themselves in, or rather, have put themselves in. They have created a massively irresponsible budget that will, over time, eat up more and more of the GDP and strain our ability to finance our debt. And the public, independent voters especially, are very nervous about it. Figuring that the public isn’t paying much attention to the number of zeroes, Obama throws out a number that used to sound like a lot of money — $100M. But the public is perhaps smarter than Obama reckons, and the administration’s critics aren’t playing along with the charade.

The result: everyone got a reminder of just how irresponsible the Obama fiscal policy is. Good thing for whomever thought this up that the news was swamped by the interrogation memo fiasco. Otherwise someone might be in trouble.

Classact
04-25-2009, 12:09 PM
Obama is the distractor in Chief!

God, I watch Glenn Beck from time to time because he applies common sense to issues and he brought up the banks and mortgages and went into the topic of non-home mortgages... business for the most part aren't making profit and there will be a lot of businesses that will simply walk away from their loans leaving the banks holding the bad debt and property... no wonder they don't want to lend.

Puerto Rico has very much higher unemployment than in the US and my supermarket is going out of business... as a result of not being able to fill my shopping list I drove to a nearby town where there is a supermarket near the Walmart... God they are going out of business too ... I just told my wife I can't find sliced ham in three different stores nor Coke even in two lieters. If these stores go down I would guess the banks lose a lot of money.