California Conservative

According to this Washington Post article, President Obama’s first budget will focus on reducing the deficit he helped create. Here’s what he said during his weekly radio address:

In his weekly radio and Internet address today, Obama expressed determination to “get exploding deficits under control” and described his budget request as “sober in its assessments, honest in its accounting, and lays out in detail my strategy for investing in what we need, cutting what we don’t, and restoring fiscal discipline.”

This coming from the man that just went on an historical spending spree, much of which is a payoff for the Democrats’ political allies. Think about the money that’s being spent in the name of bailing out GM. It’s actually being spent to prevent GM and Chrysler from filing Chapter 11 bankruptcy, which would force the UAW into renegotiating their pension and health care contracts.

Instead of calling this the auto bailout, we should apply truth-in-advertising rules and call it what it really is: the UAW bailout.

Unless President Obama starts saying no to the Democrats’ political allies, he doesn’t stand a chance of reducing the deficit during the first half of his administration. Based on his actions thus far, why should I believe that President Obama is interested in saying no to the Democrats’ special interest allies?

While it isn’t likely that he’ll say no to the UAW or other Democratic allies, it’s nonetheless important that he do that for the economy’s sake.

Technorati Tags: Economy, Deficits, Deficit Reduction, Bailouts, Political Allies, Unions, UAW, Chapter 11, GM

Cross-posted at LetFreedomRingBlog

This entry was posted on Sunday, February 22nd, 2009 at 9:41 am and is filed under Author: Gary Gross, Economy, Obama, Special Interests. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.