This entire pantomime about debt reduction came after the first half of a speech devoted to, yes, new spending. One almost has to admire Obama's defiance. His 2009 stimulus and budget-busting health care reform are precisely what stirred the popular revolt that delivered his November shellacking. And yet he's back for more. It's as if Obama is daring the voters - and the Republicans - to prove they really want smaller government. He's manning the barricades for Obamacare and he's here with yet another spending - excuse me, investment - spree. To face down those overachieving Asians, Obama wants to sink yet more money into yet more road and bridge repair, more federally subsidized teachers - with a bit of high-speed rail tossed in for style. That will show the Chinese.
And of course, once again, there is the magic lure of a green economy created by the brilliance of Washington experts and politicians. This is to be our "Sputnik moment," when the fear of the foreigner spurs us to innovation and greatness of the kind that yielded NASA and the moon landing.
Apart from the irony of this appeal being made by the very President who has just killed NASA's manned space program, there is the fact that for three decades, since Jimmy Carter's synfuel fantasy, Washington has poured billions of taxpayer dollars down a rat hole in vain pursuit of economically competitive renewable energy.
Read more: http://www.nydailynews.com/opinions/2011/01/28/2011-01-28_deaf_on_debt_returning_to_old_liberal_ideas_president_obama_ignores_the_american.html#ixzz1CMDmmgVO
And of course, once again, there is the magic lure of a green economy created by the brilliance of Washington experts and politicians. This is to be our "Sputnik moment," when the fear of the foreigner spurs us to innovation and greatness of the kind that yielded NASA and the moon landing.
Apart from the irony of this appeal being made by the very President who has just killed NASA's manned space program, there is the fact that for three decades, since Jimmy Carter's synfuel fantasy, Washington has poured billions of taxpayer dollars down a rat hole in vain pursuit of economically competitive renewable energy.
Read more: http://www.nydailynews.com/opinions/2011/01/28/2011-01-28_deaf_on_debt_returning_to_old_liberal_ideas_president_obama_ignores_the_american.html#ixzz1CMDmmgVO
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