An economist said yesterday that we deserve the president we got.
By Daniel at 10 July, 2009, 2:34 am
Here is the thing. At the beginning of the year when Obama reminded the republicans that HE WON THEY LOST he burned his bridge in an instant. There was never to be any unity on any issue. So O.K. Let the democrats have their way and see how great their choices have been. TARP has managed to be a so-so success in that it did stop any big rush on banks. However I agree with Buffett it was sloppy, unsophisticated and I think shady at best. It was a quick bill that nobody read and so using those funds any which way they want seems to be the decision du jour. The stimulus bill has been a huge joke . Again a rushed piece of legislation. A “shovel ready” project may or may not be a good choice. It depends on the project and the foresight of the city putting the project together. Go read 100 stimulus projects by Senator Coburn. That is an interesting read. But I digress because the stimulus had very little to do with the creation of jobs and a lot more about giving money to states on the verge of dropping social programs that are key to keeping democratic voters happy. However Rasmussen poll has seen approval ratings for Obama slip big the past week. I would say the core democrats are the only ones left supporting him. People might like him, but their trust level and support of his policies have diminished fairly quickly.
So it behoove the democrats now to get the republicans involved in the process in order for them to have skin in the game. If all this continues to turn bad the democrats will feel the pain in 2010 and Obama might lose his choir of supporters. It could get very ugly.
Cap and tax is a huge mistake and a lousy piece of legislation. The longer it hangs out there the more it is scrutinized the worse it looks. It really is a sham. But if democrats want to dig our grave quicker they should do all they can to pass another tax on to the consumer. Go for it and see what it brings.
The Health care package is at this point all over the place. The dems are at least now listening to other alternatives like the family doctor in WA that operates using cash only. His thought is this which I happen to agree with. He is NOT against health insurance at all, but he feels about 90 percent of health care problems can get resolved much cheaper early on if patients have a family doctor that is cheap to visit. He insist that what he gets paid for his services is about the same if somebody had insurance minus all those getting a piece of the action. So he eliminated all those hands. Does anybody remember doctors making house calls? I do. There wasn’t a bill from the doctor, but he was paid in cash as he left the house. BTW, in 1973 I paid cash to my OBGYN doctor to delivery my son. I did not have insurance. It cost me about 50 bucks. True I was very young and did get a break due to my pathetic life circumstances, but still that is how things were before the health care system got to be big business.
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