Obama's Voting 'Present' on Deficits
1:42 PM, Mar 15, 2011 • By MARK HEMINGWAY
Politico reports that, despite all the grandstanding around the creation of the deficit comission, Obama's M.I.A. when it comes to the issue:
The problem here -- and I'm not sure that Democrats have woken up to this yet -- is that voters are increasingly aware that the size of government and reckless spending are linked to the health of the economy. The stimulus' failure went a long way toward convincing voters of that. Even if Obama does want to focus on jobs now, he's a bit late to the party. And what are the current proposals here? Green jobs? High speed rail? An infrastructure bank?
Even if it were possible to ignore deficit-reduction while focusing on jobs, wouldn't that require a set of convincing jobs policies? Or is it that Obama has to focus on these kinds of marginal efforts because more Keynesian spending policies are off the table politically, while the administration remains ideologically averse to regulatory and deficit reduction?
If that's the case, this is quite a corner Obama's painted himself into. Good luck with that.