The Deal And The Deficit
I'm quite happy bashing the media, as usual, but I think they're getting a bit of a bum rap. They're covering the deficit in large part because both major political parties are mostly talking about the deficit. If some charismatic politician with the ability to get people to point some cameras at him spent more time talking about jobs and coming up with policies for jobs and talking about those the media would be talking about that too.
The Obama Administration decided to NOT talk about the deficit when it extended the Bush tax cuts in The Deal made with Republicans in December 2010. Because they didn't, the deficit discussion now entirely ignores the Bush/Obama tax cuts. If the Deal was not struck in December, I feel confident that the stagnant economy and jobs would be a focal point of discussion now. Instead, the argument is about how much Medicare should be cut. Hell, people might have even done something about jobs and the economy. The Obama Administration made a terrible mistake when it cut the Deal in December.
Speaking for me only
< Wednesday Night TV and Open Thread | Dominique Strauss -Kahn Resigns as IMF Chief > |