Yesterday, Pres BO faced another dose of reality and he refused to lead again.
Our financial problems are structural.
There is no solution or slogan that will fix any of this.
They were not created by one president or Congress. Instead, we are now coming to terms with 70 years of a federal government "trying to do too many things" and taking care of too many people who should be taking care of themselves.
We don't have Europe's unsustainable welfare state but we have our own little version of "too many promises" and not enough cash to pay for them.
Our problems can be fixed but it will require very tough leadership, the kind of leadership that tells a lot of people that the federal "gravy train" is over.
We actually need a leader who will tell us what we need to hear rather than the campaigner who told "18 year olds" what they wanted to hear in 2008!
We actually need a leader who will tell us what we need to hear rather than the campaigner who told "18 year olds" what they wanted to hear in 2008!
Unfortunately, Pres BO did what a community organizer always does: Blame the rich!
"The immediate political goal was to inoculate the White House from criticism that it is not serious about the fiscal crisis, after ignoring its own deficit commission last year and tossing off a $3.73 trillion budget in February that increased spending amid a record deficit of $1.65 trillion.
Mr. Obama was chased to George Washington University yesterday because Mr. Ryan and the Republicans outflanked him on fiscal discipline and are now setting the national political agenda."
Mr. Obama was chased to George Washington University yesterday because Mr. Ryan and the Republicans outflanked him on fiscal discipline and are now setting the national political agenda."
"President Barack Obama extended a fiscal olive branch to Republicans on Wednesday.
Then he beat them up with it. Obama’s long-anticipated speech on the deficit at George Washington University was one of the oddest rhetorical hybrids of his presidency – a serious stab at reforming entitlements cloaked in a 2012 campaign speech that was one of the most overtly partisan broadsides he’s ever delivered from a podium with a presidential seal."
How did the great "policy speech" turn into a partisan performance and another call "to tax the rich"?
The answer is that Pres BO has a very disillusioned base. They voted for change and got Obama!
Wonder how many of the disillusioned "yes we can" screamers are nostalgic for those wonderful days of 2007-08?
Yes, those were the days my friend! Yes, those were the days when candidate BO gave speeches and blamed everything on Bush!
It worked in 2007-08, specially with 18-year olds attending college on their parents' checkbook.
It is not working so well today, specially now that "the very liberal BO" is confronting the reality that the welfare state is unsustainable no matter how much your raise taxes on the rich.Again, it was a lot easier when he was a campaigner, gave speeches and blamed everything on Bush!
P.S. Check out Thursday show and my commentary on Pres BO's speech:
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