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View Diary: Wall Street Journal - "Obama spending binge never happened" (118 comments)

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  •  It was the War and the Crash (6+ / 0-)

    One of the first things President Obama did was put the cost of the War On Budget, so it wasn't an increase in spending it simply wasn't hidden with a gimmick.   the other element that has spiked the deficit has been the economic downtown and loss of jobs which has drained the generation of tax revenues.  These two item alone account for just about 90% of Obama's "Spending".

    •  A lot of things were "timebombs"... (1+ / 0-)
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      Joe Bob

      ...set to explode when we finally got some electoral control and responsibility.

      One huge blind spot that the DLC-era Corporate Dems had was that they (somehow) ASSUMED that they had traded a less secure Safety Net for some understanding that the Private Sector would adhere to some "floor" of employment in perpetuity. I have no idea who they thought they had that agreement with, because our Private Sector is pretty much like a school of piranha: they come together to only to attack, kill and feast.

      No "deal", no "understanding", no "bargain" can EVER be made with Big Business: Big Oil, Big Pharma, Big anything. Rules and regs can only and must be imposed on them. That's a lesson that the Ford, Jrs and Bookers will learn only when they are left holding the bag after reaching some "Grand but informal Bargain" of their own making. And even then they will deny for years after that they were snookered, impoverishing yet another segment of previously treading water households.

      When you are right you cannot be too radical; when you are wrong, you cannot be too conservative. --Martin Luther King Jr.

      by Egalitare on Wed May 23, 2012 at 07:16:58 AM PDT

      [ Parent ]

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