Post by Alan Caruba
Syndicated from Facts Not Fantasy
There’s a song, “Smooth Operator”, sung by the incomparable Sade that kept running through my head as I listened to Barack Obama conduct an hour-long press conference Tuesday evening.
At the very end, he referred to the American government and economy as “a big ocean liner” that doesn’t turn around swiftly and the last image that passed through my mind was that of the Titanic sinking beneath the waves of the chill Atlantic.
One is reminded why the crowds loved him as he campaigned for the presidency, their hearts beating as one, seeing before them the man who would bring “change” when elected.
Delivering on Promised “Change”
He has brought change. His proposed budget would triple the national debt. According to the Congressional Budget Office, Obama’s proposed budget would generate deficits averaging almost $1 trillion a year in red ink over 2010-2019. Moreover, the deficit would never go below 4% of the size of the economy, which an Associated Press report noted were “figures that economists agree are unsustainable” The figure cited was $9.3 trillion over the next decade, “more than four times the deficits of Republican George W. Bush’s presidency.”
None of this seemed to perturb Obama.
The Democrat Euphemism – Invest
What was most noticeable, if one was actually paying attention to the substance of what he was saying, was the repeated use of the word “invest”. Democrats never “spend” money, they “invest” it.
Obama wants to “invest” lots and lots and lots of money, most of which will have to be borrowed. He is focused on “long term growth” scanning the far horizon from the bridge of the USS Obama, plowing through a dark night of financial distress.