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Political News and Commentary from the Right

The Spender-in-Chief’s Fiscal Freeze Follies

by Michelle Malkin at Townhall.com

There are more loopholes in President Obama’s proposed “spending freeze” than in an Olympic volleyball net. Gargantuan government entitlements (Social Security, Medicare and Medicaid) are exempt. A half-trillion in unspent stimulus money is exempt. Foreign aid is exempt. The Democrats’ proposed $154 billion jobs bill (Stimulus II) is exempt.

Pet federal education programs will be exempt (including $4 billion for the White House “Race to the Top” standards initiative and an additional $1.35 billion he just requested in the 2011 budget). Green jobs spending will be exempt. (Obama proposed $10 billion in new clean energy spending earlier this month.) Electorally driven tax-credit expansions will be exempt. The health care takeover plan is not included. As even The New York Times reported, the “estimated $250 billion in savings over 10 years would be less than 3 percent of the roughly $9 trillion in additional deficits the government is expected to accumulate over that time.”

Which amounts to a molecule in a drop of the ocean of red ink in which American taxpayers have been drowning.

The current Spender-in-Chief unveiled details of this lofty new work of political fiction on Monday with more fanfare than a new “Twilight” title. It was supposed to be the centerpiece of the State of the Union address. But by Tuesday morning, Obama’s illusion of fiscal discipline had been shredded left, right and center. By Tuesday afternoon, irritated White House spokesman Robert Gibbs was already downplaying the gimmickry. It’s just something Obama will “mention,” Gibbs bristled.

After campaign videos of Obama repeatedly deriding “hatchet”-wielding spending freezes spread like Kudzu across the Internet, official White House blogger Jared Bernstein tried to control the widespread hypocrisy charges:

“During the campaign, you may recall that John McCain touted option 1 — the hatchet approach of an across-the-board freeze.

“The President was critical of that approach then, …

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January 27, 2010 Posted by | Obama | , , , , , , | Leave a comment

Obama Tax Cuts for the Rich?


Digg!
#TCOT #diggcons

According to Bloomberg, President-elect Obama’s stimulus plan might include some $300 billion in tax cuts.

obama

And, the article describes these as across the board cuts for businesses and individuals. Exactly what the Dems condemned as “tax cuts for the rich” under Bush’s watch.

The hypocrisy of this crowd oozes from them in everything they do, but desperate times call for desperate measures. I guess Obama realizes he must do the right thing, the conservative thing, if he really hopes to turn this economy around.

This cartoon was adapted to illustrate the hypocrisy of the Democratic Party and President-elect Barack Hussein Obama.

So really, Obama’s change in this arena is going to be to continue Bush policy on tax cuts.  Ha!


Obama Said to Push for Tax Cuts in U.S. Stimulus Plan (Update2)

By Brian Faler and Hans Nichols

Jan. 4 (Bloomberg) — President-elect Barack Obama is pushing for tax cuts amounting to hundreds of billions of dollars in a stimulus package he’s asking Congress to pass within the next several weeks, a transition official and a Democratic aide say.

Obama is asking that tax cuts make up 40 percent of a stimulus package, the officials say. The measure may be worth as much as $775 billion, the Democratic aide says, meaning tax cuts may constitute more than $300 billion of the legislation.

…(Read full article)

January 5, 2009 Posted by | Bailout, Economy | , , , , , , , , | Leave a comment