StanCollender'sCapitalGainsandGames Washington, Wall Street and Everything in Between



What? No Budget Question At Obama Press Conference?

07 Mar 2012
Posted by Stan Collender

Did anyone else notice that, at his first press conference of 2012 that also happened to be the first press conference since his fiscal 2013 budget was released just three weeks ago, President Obama didn't say a word about about the deficit or national debt in general or his budget in particular?

For that matter, did anyone else notice that the president wasn't asked about the deficit, national debt, or his budget?

This is:

  • A big win by the White House which, as I've been saying for weeks, seems to be working very hard to make the budget into a nonissue this year.
  • A huge fail by congressional Republicans who have been completely incapable of countering the administration's apparent strategy of downplaying the issue.
  • A fail by the media, that could/should have been asking at least one question about these topics.

Here's the transcript if you want to check for yourself.

The media and fiscal policy

Most of the media would have a problem articulating an intelligent question on fiscal policy, and would prefer to ask an easy one which Obama could just pirouette around anyway.


The Fox New guy did ask about

The Fox New guy did ask about oil prices which is at least an economic question in part - although Obama smacked him down so hard the President's rejoiner is the take away. Got to hand it to the GOP, the biggest winning issue for them assuming the economy continues to improve is the debt even if they're plans will increase it - they'll just lie and say it won't. But instead they have fanned the flames for a war almost nobody in the USA wants, and made an issue out of contraception which 80% of the country disagrees with them on. Good job guys!


sure POTUS deflected a always...

"although Obama smacked him down so hard the President's rejoiner is the take away."

Smacked down who? Only those that buy his act: fawning media and the poorly educated American public. Tell POTUS to look at a chart showing stock & gas price.

Then have him explain the chart. If he can explain the chart ask him what he intends to do about it.


The Daily Show had the same

The Daily Show had the same impressions about the press conference.


The election will, and always

The election will, and always was going to, hinge on jobs, not the budget. Which is why Obama's "pivot" to deficit reduction when growth hadn't been re-established is one of the great blunders in political history.


"Tell POTUS to look at a

"Tell POTUS to look at a chart showing stock & gas price.

Then have him explain the chart. If he can explain the chart ask him what he intends to do about it."

You mean the chart that shows both stock prices and gas prices going up since he became president because both increase in correlation with a growing economy?

Only an irrational Obama hater would ask what the president plans to do about a growing economy.


We have a good memory but it's short

This is yet another example of how our preceptions of reality change and turn our approaches upside down. A couple of positive signals from the US economy and we shovel the problems under the rug.

With their gigantic dimensions, the budget deficit and and the national debt are here to stay, whether we manage to create several hundred thousand jobs or boost the growth by a percentage point.

Unfortunately, for most politicians these issues are too complex and too uncomfortable to tackle head on. They should take writers such as Nassim Taleb more seriously.




Recent comments


Advertising


Order from Amazon


Copyright

Creative Commons LicenseThe content of CapitalGainsandGames.com is licensed under a Creative Commons Attribution-Noncommercial-Share Alike 3.0 United States License. Need permissions beyond the scope of this license? Please submit a request here.