| Comparison of Candidate to Elected Obama | |||
|---|---|---|---|
| Category | Comments as candidate | Action after elected | |
| Attitude | Hope and inspiration | Slow and painful economic recovery | |
| Legislation | Bipartisan | Partisan | |
| Taxes on health insurance | No taxing of health insurance premiums | Open to tax on employer paid health insurance premiums | |
| Budget | Eliminating earmarks (about $17 billion) will not have an impact on the budget | Asks for $100 million in cost savings for the 2009 budget | |
| Pork | Would eliminate pork in bills passed by Congress | Approved a $787 billion stimulus package with a significant amount of pork | |
So far, the only promise President Obama seems to have kept is his payback to unions, as demonstrated by the bankruptcy proceedings and outcomes of GM and Chrysler, which put union priorities over legitimate bondholder claims.
Even after being elected, I continue to see bait and switch tactics from the Obama administration. To pass the $787 billion stimulus package, President Obama urged quick passage since the impact would be seen right away. Now, the story is that the stimulus will take up to two years to have an impact. If so, for Congress to spend a month to create a better economic stimulus package?
President Obama again urged quick action on the health care bill, because of the necessity to have an impact immediately. (Bait) However, in six months, I won't be surprised when Mr. Obama switches and says that it may take another term, and maybe two to three more :-), as President before any health care bill shows any effect. (Switch)
For more on Reflections and Musings, check back every Saturday for a new segment.
This is not financial or policy advice. Please consult a professional advisor.
Copyright © 2009 Achievement Catalyst, LLC
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5 comments:
You may be interested in this site: Politifact.com. They're keeping close track of how Obama has (or hasn't) kept his promises.
Dir Sir,
I regret to say that I will no longer be subscribing to your blog. What was once a practical and insightful journal of financial prudence, has become [at least in some posts] a highly opinionated blog, big on politics, and small on substance.
Regards,
A former reader
Agreed. I'm done w/this blog. This was a pointless, petty post. Keep it on topic or to yourself. Goodbye.
@ Anonymous,
Thanks for the link to Politifact.com. It's non-partisan and very informative.
@ Former Subscriber,
Thanks for your comments and feedback. Sorry to lose you as a reader.
@ Anonymous (who agreed with Former Subscriber),
Thank you also for your comments and feedback. Sorry that you've also become an ex-reader.
"highly opinionated blog" ?
All Blogs are opinions.
I know I won't agree with all posts. But I'm sure I'll learn something.
I'm not into politic. I never voted before Obama ran for the WH. He INSPIRED me to vote for the other guy (I forgot his name - the one that didn't promise to take people's earning to "spread the wealth").
The Replacement Subscriber.
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