So many things to write about within this article but so little patience for all things Obama! He knows a lot of people are outraged about the deficit spending stimulus plan. By unveiling this latest plan to reduce the deficit, he’ll at least fool some of the huddled masses into thinking he’s not a big spender. Of course, it doesn’t hurt that the useful idiots in the MSM are continuing their laudatory, incurious coverage of Obama.
I especially like how he’s made a couple of financial policy announcements this weekend–when the markets are closed. Could it be that Obama has realized that the markets don’t seem to have much confidence in his abilities? How much has the Dow tanked since America’s first true socialist president took office?
Obama’s budget calls for higher taxes on businesses and the wealthy [a smart recession move, eh?] and spending cuts. Of course, Obama has not targeted wasteful spending, layers of bureaucracy and redistributive programs–those things will only grow throughout his administration. Obama’s spending cuts will be from our ongoing military operations in Iraq and Afghanistan. More for food stamps, more to keep uncreditworthy buyers in homes they can’t afford, more for health care [but only if the government deems it cost-effective] and less for defending America against Islamic terrorism. The bright side of all of this nonsense is that at least Obama is making it easier for Conservatives to make the distinction between their policies and those of the socialist liberals currently in charge.
The real kicker for me in this article was this quote:
“Obama also proposes “a fairly aggressive effort on tax enforcement” that would target corporate loopholes…”
Now why is it that he cares whether or not corporations pay their fair share of taxes while nominating a bunch of tax cheats for positions in his administration? Geithner, Daschle, Killefer, Solis…those are just the ones we know about so far. Hypocrisy, any one?