“Dumb, inexcusable and unnecessary.” That’s what Barack Obama called the unthinkable, the thing that he declared last fall would never happen, the so-called, “sequester,” mandatory reductions in the rate of growth for various federal agencies. Dumb, inexcusable, unnecessary, and also his idea, as it is now universally acknowledged.
Here’s the reality: The One rolled the dice and he lost. He bet that the Republicans would be unwilling to allow the Defense Department, which is taking the brunt of the “cuts,” to see its budget reduced, and he was wrong. Now, he is engaging in a cringe-inducing, passive-aggressive game, one in which he says "If you don't do what I want, and send more money to Washington for me to throw down various ratholes, I'm going to inflict as much pain as possible on the American people."
Thanks to Bob Woodward, everyone acknowledges that this horrible, unimaginably terrible reduction of 2.3% in the rate of growth in federal spending, yet he continues to refuse to own it. Is he delusional, and doesn’t he realize that the Lame Stream Media may be turning on him? This whole thing is starting to look like that Florida sinkhole, with Obama in the role of the guy who was swallowed.
This man’s unwillingness to accept responsibility for any of his actions is part of a pattern. He has spent to the last five years speechifying against “those who caused our economic problems in the first place,” by which he means the private sector in general, and those evil Wall Street profiteers specifically, several of whom became part of his administration.
Our guest, Peter Wallison, Arthur F. Burns Fellow in Financial Policy Studies at AEI, general counsel of the US Treasury Department and White House counsel to President Ronald Reagan, will join us to discuss actual cause of the financial crisis of 2008. That’s the subject of his new book, Bad History, Worse Policy: How a False Narrative About the Financial Crisis Led to the Dodd-Frank Act. Surprise--the government, not the private sector, bears most of the responsibility, and “community organizers” like Barack Obama were instrumental in causing the mess in the first place.
Whether it’s the sequester or the housing bubble, perhaps we should adopt the same policy that I advocated back in the day when O.J. Simpson was looking for “the real killer.” We should send the Celebutard-in-Chief a mirror.
Justice Scalia has the Left even more unhinged than usual over his comments in last Wednesday's oral arguments about Section 5 of the Voting Rights Act.
Tune in today for the rest of the story.
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