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I caught some of Obama's last presser of his first administration and although he is fighting against the psychos wanting to destroy the global markets by refusing to raise the debt ceiling; I just don't understand some of his other words pertaining to our economy. Why does the President spend so much time on convincing America that the deficit is the GOD of all things and he's there to reduce it in a balanced approach? That's not what he was elected for.
The always awesome Charles Pierce:
The general public seems to think that The Economy is defined by how many people are working and how many people are not. The political elite, including the president, and the courtier press that services that elite, all seem to define the economy through the deficit. The cognitive dissonance in Washington is about how best to deal with an economy defined by the deficit. The cognitive dissonance in the country is about how best to deal with an economy that is being defined at the highest levels of the government in a way that the rest of the country finds odd and inadequate. So when the general public hears the president say this...
As I said on the campaign, one component to growing our economy and broadening opportunity for the middle class is shrinking our deficits in a balanced and responsible way. And for nearly two years now I've been fighting for such a plan, one that would reduce our deficits by $4 trillion over the next decade, which would stabilize our debt and our deficit in a sustainable way for the next decade. That would be enough not only to stop the growth of our debt relative to the size of our economy, but it would make it manageable so it doesn't crowd out the investments we need to make in people and education and job training and science and medical research — all the things that help us grow.
...it thinks the president has his priorities in the wrong order. When he talks about The American People, and the Middle Class thereof, he ought not to convince himself that he was re-elected because he's the guy who'll best bring down The Deficit. He got re-elected because the other guy convinced America that he wouldn't much care if people ate grass by the side of the road. The people who voted for this president did not do so because they wanted a balance program to bring down the deficit. They did so because they thought he was less likely to make their everyday lives harder than they already are. Because, as the blog's First Law Of Economics states: Fk The Deficit. People Got No Jobs. People Got No Money.
Prez Obama has used the Republican talking points about the federal debt for a long time now and I had hoped it would disappear for his second term, but I've been mistaken. I wonder if it's the Beltway Villagers unduly influencing his advisers to make sure he constantly talks like this when discussing the economy in front of America, or if he really believes this FOX News strategy. It makes no sense at all. Americans want to work. Americans want to make money.
That's what the economy means to them.
The additional maddening thing is that if you fix the jobs problem you largely fix the deficit problem. The reverse is not true. If you "fix" the deficit you kill the jobs.
It's that simple.