More campaign promises down the memory hole. Obama's transition is increasingly sounding like an episode of Mad TV's "Lowered Expectations." Don't get me wrong, I'm all for Obama backing off of policies that would hurt America. I just find it disingenuous that he ran on one platform and is now revising it to be closer and closer to George W. Bush's positions – the very ones he promised to "change."
Triangulation, it isn't just for breakfast anymore!
Obama Advisers To Public: Temper Expectations
President-elect Barack Obama and his inner circle fear that some voters expect him to turn around the economy, wind down the war in Iraq and, perhaps, cure cancer -- all by the Fourth of July.
They know they must manage and lower those expectations, CBS 2 Political Editor Mike Flannery reports.
A top economic advisor to Obama had a glum warning for the rest of us Thursday morning: Neither the job market nor the stock market will be turning around any time soon.
"This might be a long haul," said Robert Reich, who was President Bill Clinton's secretary of labor. "2009 is going to be a very hard year. Some economists say we won't be out of this for two years, others are saying it may be three, or four, maybe five years."
Gee, I wonder
where the public got their idea that Obama was going to be able to accomplish the impossible? Team Obama didn't mind the ridiculous optimism when it was all talk. Now that it's time to make good, everybody needs a dose of reality? Puh-leeze.
Obama Aides Suggest Rollback of Bush Tax Cuts Could Be Delayed
Aides to President-elect Barack Obama suggested on Sunday that he wouldn’t immediately implement a pledged rollback of tax cuts for the top tier of American income earners, because of the worsening economic outlook.
A senior adviser to Obama confirmed that New York Federal Reserve President Timothy Geithner would be the administration’s nominee for Treasury secretary, and added that the Obama team was gratified by the late rally on Wall Street on Friday after news of the pick leaked out.
During an appearance on NBC’s “Meet the Press,” Obama economic adviser William Daley suggested that the incoming administration would reconsider whether to quickly increase taxes for Americans earning more than $250,000 per year.
Daly, who was commerce secretary under former President Bill Clinton and is the brother of Chicago Mayor Richard Daly, said it looks “more likely than not” that Obama would not seek legislation to repeal President George W. Bush’s cut in the tax rate for the wealthiest Americans before it is scheduled to expire after the 2010 tax year. Bush cut the top rate to 35% from 39.6% in 2001.
Obama had promised to restore the top tax rate to its earlier level, while cutting taxes for the middle class.
So Obama's "soak the rich" tax scheme might now be abandoned as the economy-killer that it is. Class envy might make for a snappy populist campaign, but even a socialist can see how bad it would be for the economy. Hrm, maybe Bush's tax cuts weren't such a bad idea ofter all.
We'll see about that. The Obama team seems to be trying to have it both ways, depending on where you read. Currently, Obama's site still says
"Obama will ask the wealthiest 2% of families to give back a portion of the tax cuts they have received over the past eight years to ensure we are restoring fairness and returning to fiscal responsibility." That's a clever way of rephrasing "tax the pants off the evil rich."
Obama Sets Expansive Goal for Jobs
Plan Aims to Create or Save 2.5 Million Positions by 2011
The plan, which Obama announced yesterday during the weekly Democratic radio address, is more expansive -- and undoubtedly more expensive -- than anything proposed so far to revive the nation's deteriorating economy. Obama said the darkening economic outlook demands that Washington act "swiftly and boldly" to diminish the risk that the nation "could lose millions of jobs next year."
[...]
While cast as a response to a rapidly worsening crisis, the plan could enable Obama to shift massive sums to domestic priorities that Democrats say have long been neglected, such as health care and education. It also could provide seed money to reshape major U.S. industries, hastening the production of wind and solar energy and fuel-efficient cars, for example. Obama said the plan would be "a down payment on the type of reform my administration will bring to Washington."
So let me see if I have this straight. If America's employment rate stays approximately the same, the mainstream press is setting up Obama to be able to claim that he's
saved those jobs somehow?
Oh well, salvation
is a hallmark of the messiah.
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UPDATE: Jules Crittenden skewers the changing change; "As heartening as it may be to see evidence of common sense, the concern going forward is that
Obama has shown himself to be lacking principles as well as a spine. Not good traits in a wartime president, particularly in times of economic turmoil."