Posted by
Over the Kohls on Monday, February 23, 2009 10:31:24 PM
I hope this stock market changes soon. So far the stock market has recoiled at each of Obama’s financial moves. If Obama would only talk about something else for a few days we might have a chance of recovery. On the one hand, Obama doubles the deficit to stimulate the economy. On the other hand he raises taxes on businesses. (I have this vision of Lucy pulling the football away just as Charlie Brown tries to kick it.) What could be Obama’s reasoning for instilling fear in the American people with his constant references to catastrophe (this word hasn’t seen this much usage since the symposium of Jimmy Carter biographers). He couldn’t talk down this economy any more than he has. Also, Obama is not bashful about reminding us about the economy he inherited from the Bush administration: “Look at the horrendous deficit and recession I inherited”. I think he is trying to talk down the economy as far as it will go and then when it does comes back as it always has with or without stimulus, he gets the credit for single-handedly reviving the economy and assuring his reelection.
He also knows that by inflating the deficit as he has with the Stimulus Bill, there is only two meaningful ways to do it in spite of all his assurances that he will go line by line through the budget to cut out the fat. The two areas he can focus on are 1) increased taxes by letting the Bush tax cuts expire and 2) cutting our national defense budget. You know he is just chomping at the bit to satisfy his buddies on the left by dumping the “Evil” Bush tax cuts and by lopping off 25% of our national defense budget. That would be the ultimately pay back to his far left constituencies. He’s already has done a good job of paying back the left: the promise to close Gitmo, his order striking down the Bush administration’s ban on giving federal money to international groups that perform abortions. So he’s off to a great start as far as his lefty friends are concerned. Oh sure, he could do more but all in due time, my pretty.
So I think all of this talking down the economy is all part of the grand plan to satisfy his far left buddies.