Monday, January 25, 2010

the bad news of health care reform's demise

Now he's going to "focus" on the economy.

Even if you're not an economist, that can't seem to be good news.

Obama has caused all sorts of harm to the economy. Indirectly, he has injected uncertainty into economic decisions, making it less likely that firms will hire and businesses will invest-- most notably, with health care "reform" and cap & trade.

Beyond that, like Bush but even worse, everything Obama has done "for the economy" so far has been govt job creation, borrowing, spending and redistribution. This cannot be effective.

Unfortunately, it looks like we can look forward to even more of the same. And the GOP is at least somewhat likely to go along for this nasty ride.

From the AP's Steven Hurst (hat tip: C-J)...

A politically shaken White House promised Sunday a sharper focus on jobs and the economy...

"The president has always gotten the message," top Obama adviser David Axelrod said. "The message is, we need to grow this economy in a way that allows hardworking people who are meeting their responsibilities to get ahead instead of falling behind."

Axelrod said Americans would learn more about White House plans for the economy on Wednesday when the president delivers his first state of the union address. The adviser offered no specifics; there has been talk of a second economic stimulus package, one totalling around $175 billion....

Senate Minority Leader Mitch McConnell, R-Ky., said Obama needs to move to the political centre. "I think he'll find a lot more Republican support than he's had in the first year," the senator said.

That doesn't sound good...

The bad news: Obama focuses on the economy.
The good/bad news: This won't work, harming Americans-- but resulting in a sound beating in November.
The good/bad news: The GOP may be an improvement. But if they have learned little or nothing since the Bush years, then we vacillate between garbage and mush. It could be a long few years...


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