Speaking of the Obama Administration…has there been one in more disarray during its first months in office? For one, Cabinet nominees – including Bill Richardson and Tom Daschle – have dropped as much, and as rapidly, as Wall Street. And due to the uproar across the nation over the bailout plan, there are already calls for the Treasury Secretary, Tim Geithner, to resign. Meanwhile, three key Cabinet-level positions – Secretary of Commerce, Secretary of Health & Human Services and U.S. Trade Representative – have yet to be filled. Guess they are trying to find a Democrat who paid their taxes.
Forget the economic crisis, though. From the start, the new administration has had, in general, an incoherency among its team in setting policy that would give whiplash to a schizophrenic. Not everyone seems to be on the same page.
Even more, President Obama likes to point out inheriting a one trillion dollar deficit, vowing to cut it in half by 2013. However, by the time the bailout plan has run its course, the reality is that he will face an almost THREE trillion dollar deficit (and counting, presumably). Last time I was in a math class, which was a long time ago, 1 + 2 \ ½ =1.5. The only thing cut will be the next administration’s ability to reverse the failed economic policies of its predecessor – while inheriting a trillion dollar plus deficit, if not more, because of Democrats’ current spending plans. There will be no taxpayer money to spend, no executive bonuses to recoup. Only economic catastrophe.
From the President on down, the inexperience – touted as an asset by Democrats and a liability by Republicans during the Presidential campaign – is showing, if not telling. And were only two months into it.
©2009 Steve Sagarra