Well, I thought I was going to have an entire plan to show why it is wrong, but apparently President Obama And Krueger (Freddy perhaps) decided to release half a plan and promise to show “reductions in the budget later” while at the same time President Obama is stumping about passing it as it is. So basically this new “super-committee” is going to balance out these costs at some later unspecified time and we will never hear about it again.
I am frankly personally disappointed in congress for setting up such a thing that will result in vague returns and will probably never be followed through on. The compromise is now being used against them as the president drives the deficit up more without paying for it other than saying, well this committee will deal with it because they are “super.”
The plan simply put is another fantasy that shows that these two do indeed believe in unicorns as shown below:
Picture from: http://www.unicornlady.net/Gallery/gallery6-1.html
Does he think congress and likewise Americans are completely retarded? He pulled this type of behavior countless times when he would promise a second plan to offset concerns and never delivers. Sorry, release a full plan and go from there. Not some magical plan based on fantasy and unicorns. Give us some real plans instead of half a plan and platitudes to choke the above unicorn.
Let’s also not mention how he just basically ignoring months of battles over the deficit and his solution is to “trust me” I will make this balance but we first must pass this as it is. The best part of all of this? Today he had the gall to say this: “We spent a whole summer fussing about the deficit.” So now that they fussed about the deficit all summer long we can piss into the wind and just add to the deficit? This man is seriously arrogant to say the least.
First off, we were promised the “grand plan on how the president was going to save the economy” at the end of last week or “at the very latest by the start of this week.” Being Wednesday at midnight I assume the plan is not being released anytime soon (although we are promised Thursday now). So since nothing is being said, job numbers are still in the toilet and to boot every single one of President Obama’s initiatives have failed to add real jobs to our economy. As I posted earlier, perhaps this time is different if you believe in unicorn farts saving your face from the effect of ageing and other weird stuff.
Photo source: http://www.latimes.com/news/politics/la-pn-obama-jobs-20110906,0,3610220.story?track=rss
As this photo shows, the president is not having an easy time of things. I will say one thing in defense of the president: there was nothing he could have done from the start to make our economy any better. The entire QE (which I discussed in an earlier post to death) episode has probably just prolonged the recession and possibly made it worse. The only purpose of QE ever is to stop a depression from starting and to “theoretically suffer a longer recession but avoid a depression.” That is just one of the things the president has tried to turn things around. And he has tried, but everything he has done has either had little effect or the opposite effect, and to boot instead of focusing on jobs which is what the people of this country care about, he has still maintained his other political agendas which actually as I showed take away from the job market. The reason for this is that the primary purpose of the president’s political agenda has nothing to do with creating jobs, his purpose is to simply achieve his political goals regardless of the cost.