Bensblurb #576 10/29/10
It’s getting chilly, in the White House for sure...
When the autumn weather turns the leaves to flame, the old song goes, one hasn’t got time for the waiting game...September, November. Maybe that’s what caused our President to get out on the stump recently and rave and rant.
To HIspanic voters, he talked about their “enemy.” Americans are too “scared” to think straight. Tea partiers are just local yokels.
Then came last week, his really bad week. He went on a talk show and became the butt of his host’s jokes, talking of the “heckuva job...” the audience jeered, whereupon his host addressed him as “Dude.” That disaster was followed shortly by the revelation last night that Bill Clinton, with White House awareness, had tried to get Fla. Dem senate candidate Meek to quit the race.
As I commented in Huffington Post last night: “Republicans could not have sucker-punched the Dems as effectively this late in the campaign as a fellow Dem has. His name.....wait for it...Bill Clinton. It's true. As Politico reports tonight, Clinton had almost persuaded Fla. Dem Senate candidate Meek to withdraw so as to help swing the election to Crisp, now an "independent" and away from the GOPer Rubio. With that news, Rubio will coast to election. Clinton has egg on his face for messing in Florida's election, and Obama will say....What?”
If you think that was bad for the Dems, wait until the election returns next Tuesday.
Meanwhile, check out this even gloomier stuff:
It’s the latest missive from noted pessimistic economist Nouriel Roubini, in Financial Times:
“The current gridlock in Congress will soon get much worse...That they now see Mr Obama as a one-term president will soon mean the worst open warfare inside the Beltway in 30 years...
The coming stalemate will only be made worse by the lack of a reason to act on the deficit... In short, kicking the can down the road will be the political path of least resistance...
The risk, however, is that something on the fiscal side will snap,...Only then will our politicians suddenly remember that, on top of our federal debt, the US suffers from unfunded social security and Medicare liabilities, state and local government debt, and public pension bills that add up to many multiples of US GDP...
...The result will soon be the worst of all worlds: neither short-term stimulus nor medium-term fiscal sustainability. Fiscally the only light at the end of the tunnel may be that which causes the upcoming crisis. With two years of gridlock in prospect, it will fall to the next president in 2013 – whoever he or she may be – to start fixing America’s fiscal mess. Whether that is Mr Obama or not, that he may leave this challenge may become the worst of his legacy.”
---Whatever, let’s drink to the winners next Tuesday and hope for the best.
--Ben Blankenship
#############
It’s getting chilly, in the White House for sure...
When the autumn weather turns the leaves to flame, the old song goes, one hasn’t got time for the waiting game...September, November. Maybe that’s what caused our President to get out on the stump recently and rave and rant.
To HIspanic voters, he talked about their “enemy.” Americans are too “scared” to think straight. Tea partiers are just local yokels.
Then came last week, his really bad week. He went on a talk show and became the butt of his host’s jokes, talking of the “heckuva job...” the audience jeered, whereupon his host addressed him as “Dude.” That disaster was followed shortly by the revelation last night that Bill Clinton, with White House awareness, had tried to get Fla. Dem senate candidate Meek to quit the race.
As I commented in Huffington Post last night: “Republicans could not have sucker-punched the Dems as effectively this late in the campaign as a fellow Dem has. His name.....wait for it...Bill Clinton. It's true. As Politico reports tonight, Clinton had almost persuaded Fla. Dem Senate candidate Meek to withdraw so as to help swing the election to Crisp, now an "independent" and away from the GOPer Rubio. With that news, Rubio will coast to election. Clinton has egg on his face for messing in Florida's election, and Obama will say....What?”
If you think that was bad for the Dems, wait until the election returns next Tuesday.
Meanwhile, check out this even gloomier stuff:
It’s the latest missive from noted pessimistic economist Nouriel Roubini, in Financial Times:
“The current gridlock in Congress will soon get much worse...That they now see Mr Obama as a one-term president will soon mean the worst open warfare inside the Beltway in 30 years...
The coming stalemate will only be made worse by the lack of a reason to act on the deficit... In short, kicking the can down the road will be the political path of least resistance...
The risk, however, is that something on the fiscal side will snap,...Only then will our politicians suddenly remember that, on top of our federal debt, the US suffers from unfunded social security and Medicare liabilities, state and local government debt, and public pension bills that add up to many multiples of US GDP...
...The result will soon be the worst of all worlds: neither short-term stimulus nor medium-term fiscal sustainability. Fiscally the only light at the end of the tunnel may be that which causes the upcoming crisis. With two years of gridlock in prospect, it will fall to the next president in 2013 – whoever he or she may be – to start fixing America’s fiscal mess. Whether that is Mr Obama or not, that he may leave this challenge may become the worst of his legacy.”
---Whatever, let’s drink to the winners next Tuesday and hope for the best.
--Ben Blankenship
#############