07 September 2010

Another Bad Sign: More Republican Policy Ideas from the Obama Administration

Now this is discouraging. Not only is the Obama administration's idea of job creating stimulus at this point more tax cuts for business (which have been shown to have less than a third of the "ripple effect" in an economy than direct spending on jobs programs or even just sending people money as tax rebates); we see here that now former Budget Director Orszag has floated a trial balloon in the Atlantic, saying that a "compromise" of extending the Bush Tax Cuts for the Rich for TWO YEARS would help the economy, but that after that, those big bad Republicans will just have to let them expire, unless, well, maybe another two years, or, whatever they want. OK, I'm paraphrasing. But talk about spineless. Or, more probably, in their pocket all along.  

I'm sorry, but I just don't believe Orszag said this without the full vetting and approval of Rahm Emmanuel and the administration. This is the exact opposite of what they should be saying.

If Obama were even a tenth the progressive that FDR was, he'd say he will veto any extension of tax cuts for upper income Americans and veto any cuts to social security or medicare benefits for ordinary people. That's the absolute least he can do.

And they wonder why "the base," that they insult and ignore alternately, isn't enthusiastic going into the midterms. Give us something to hope for, some change we can believe in, damnit, not more Republican policies!

I keep hearing that Democrats shoot themselves in the foot when they criticize the administration, but it's just a fact that this administration has watered down every major progressive idea they talked about in the campaign. Obama has really painted himself into a corner. He's talked tough to Wall Street, then backed "reforms" that did very little; gaining no support from beleaguered and angry people hurt by the economy, AND gaining the enmity of Wall Street. Health Care Reform, while a good start, failed to really control the costs of health care, and it doesn't go into effect for years, so it scares people; and the public has turned against it; political negative. People are increasingly (and rightly) concerned about a failing war in Afghanistan, which is a sure-fire presidential popularity killer. It's a crying shame, but it's hard to avoid the conclusion that this presidency is failing.

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