Thursday, April 23, 2009

BHO's Budget Cuts: What a joke! Not Particularly Funny, However

(With a hat tip to Raven)

Sometimes, a picture says it all:

According to Harvard University economics professor Greg Mankiw:
"To put those numbers in perspective, imagine that the head of a household with annual spending of $100,000 called everyone in the family together to deal with a $34,000 budget shortfall. How much would he or she announce that spending had to be cut? By $3 over the course of the year–approximately the cost of one latte at Starbucks. The other $33,997? We can put that on the family credit card and worry about it next year."
Yet, many Americans believe that BHO can lead this economy out of a recession? Spending like a drunken sailor got us into this mess.

Consider "hair of the dog" as an effective remedy (from Wikipedia) and as a metaphor for today's American economy, especially the federal budget:
A hangover is due partly to poisoning by the toxic chemicals into which alcohol is converted by the body and the other components of the alcoholic drink, and partly to the body's reaction to withdrawal from alcohol. The symptoms of a hangover are similar to those of withdrawal, namely a throbbing headache, nausea, and maybe even vomiting. Thus consuming more alcohol ("hair of the dog") may help by blunting some of these symptoms, but will only aggravate the symptoms once the liver breaks the alcohol down, because the body will have additional toxins to deal with.

Addendum from First Conservative - Conservative News and Opinion:
Obama Hears the Tea Party Message

Robert “Tap Dance” Gibbs, the President’s Press Secretary said this morning that $100 million is a lot of money. Robert Gibbs really isn’t anyone that one would pay money to see tap dance. Responding that cutting $100 million from the incredibly bloated federal budget really is significant, Gibbs dressed up the pig as best he could by assailing the Washington culture where $100 million doesn’t seem like a lot of money.

The window dressing Gibbs was trying to apply to the Obama budget was a direct result of the Tea Party rallies held last week. Understanding that a good portion of the public wants to see the federal government reduce expenditures, Team Obama undertook to eliminate $100 million from the annual budget. This amounts to an infinitesimally small percent of the total Stimulus package. Still, Gibbs insisted this was a meaningful effort. Gibbs and the administration attempted to throw this bone to the Tea Party participants with the hope that their accomplices at MSNBC would make a big deal out of the budget cutting.

Instead, like several other PR problems this week, the budget cutting is proving more trouble than it was worth. Reporters tired of being dismissed by Gibbs actually followed up their questions and even called into question Gibb’s flippant attitude. All this may herald the close of Obama’s first one hundred days. It may also herald the point where the Leader begins taking a popularity dive.

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posted by Always On Watch @ 4/23/2009 03:00:00 AM