Even WaPo getting nervous about Obama spending

Rick Moran
LBJ famously said "If we lose Walter Cronkite, we've lost Middle America."

These days, Obama might be thinking that if he loses the Washington Post, it may be the beginning of the end for him.

The Washington Post's Scott Wilson expresses the growing notion that Obama's spending and deficits might destroy his presidency:

After enjoying months of towering poll numbers, legislative victories and well-received foreign policy initiatives, the White House has become increasingly concerned that President Obama's spending plans, which would require $9 trillion in government borrowing over the next decade, could become a political liability that defines the 2010 midterm elections. The concern was reflected in the aggressive response from administration officials to criticism that money from Obama's stimulus plan is arriving too slowly to help the languishing economy, as well as in the president's public endorsement of "pay as you go" legislation, which would require Congress to make room for new non-discretionary spending with equivalent cuts to other parts of the budget. Yesterday, Obama also outlined billions of dollars in savings that would be used to pay for his health-care reform proposal.

But there is evidence of growing public concern over his fiscal policies. As he traveled Thursday in Green Bay, Wis., Obama was greeted by demonstrators holding signs that said, "No socialism" and "Taxed Enough Yet?"

Republican leaders, who have been searching for a way to dent the president's popularity, are training their attacks on his economic policies as they look ahead to the 2010 midterm congressional elections. Their argument that Obama is spending recklessly, however, is complicated by the fact that the previous GOP administration's tax cuts, borrowing to finance wars in Iraq and Afghanistan, and expansion of entitlement benefits remain the chief drivers behind the rising debt.

Um, nice try but no dice. The deficit, according to the Congressional budget office, would have been around $800 billion with all of that Bush era spending. Obama's spending makes Bush look like an amateur - $1.8 trillion in deficits for this year alone run up mostly by his spending and bail out policies.

Still, the note of worry creeping into this article is significant. It is a recognition that soon, this will be Obama's economy, Obama's deficit, and Obama's recession. And future debt totaling $9-11 trillion is already tied to the president. I would love to see him try blaming trillion dollar deficits in 2019 on Bush.

Hat Tip: Ed Lasky





LBJ famously said "If we lose Walter Cronkite, we've lost Middle America."

These days, Obama might be thinking that if he loses the Washington Post, it may be the beginning of the end for him.

The Washington Post's Scott Wilson expresses the growing notion that Obama's spending and deficits might destroy his presidency:

After enjoying months of towering poll numbers, legislative victories and well-received foreign policy initiatives, the White House has become increasingly concerned that President Obama's spending plans, which would require $9 trillion in government borrowing over the next decade, could become a political liability that defines the 2010 midterm elections. The concern was reflected in the aggressive response from administration officials to criticism that money from Obama's stimulus plan is arriving too slowly to help the languishing economy, as well as in the president's public endorsement of "pay as you go" legislation, which would require Congress to make room for new non-discretionary spending with equivalent cuts to other parts of the budget. Yesterday, Obama also outlined billions of dollars in savings that would be used to pay for his health-care reform proposal.

But there is evidence of growing public concern over his fiscal policies. As he traveled Thursday in Green Bay, Wis., Obama was greeted by demonstrators holding signs that said, "No socialism" and "Taxed Enough Yet?"

Republican leaders, who have been searching for a way to dent the president's popularity, are training their attacks on his economic policies as they look ahead to the 2010 midterm congressional elections. Their argument that Obama is spending recklessly, however, is complicated by the fact that the previous GOP administration's tax cuts, borrowing to finance wars in Iraq and Afghanistan, and expansion of entitlement benefits remain the chief drivers behind the rising debt.

Um, nice try but no dice. The deficit, according to the Congressional budget office, would have been around $800 billion with all of that Bush era spending. Obama's spending makes Bush look like an amateur - $1.8 trillion in deficits for this year alone run up mostly by his spending and bail out policies.

Still, the note of worry creeping into this article is significant. It is a recognition that soon, this will be Obama's economy, Obama's deficit, and Obama's recession. And future debt totaling $9-11 trillion is already tied to the president. I would love to see him try blaming trillion dollar deficits in 2019 on Bush.

Hat Tip: Ed Lasky