Obama’s new budget is a bad joke

February 13, 2012

Just as we expected it would be.

Phillip A Klein takes a look at it and compares it to Obama’s promises on entering office. Here’s his takeway:

Obama spent most of last year lecturing the country on how he supported a so-called “balanced approach” on deficit reduction. Time and again, he said he was ready to make real changes to Medicare, Medicaid and Social Security if only Republicans were willing to budge on the revenue side. He repeated this in a lot of speeches and insisted that behind the scenes he was really, really, ready to cut a deal with the GOP during the debt limit talks. But he never presented a tangible plan that could be scored by the CBO and evaluated next to Rep. Paul Ryan’s plan to reform entitlements and put the nation on a sustainable fiscal course. He had his chance with this budget. Instead, Obama decided to forgo tough choices so he could attack Republicans during an election year.

Bear that in mind: we have a president far more interested in his own electoral fate than the fate of the nation.

Meanwhile, James Pethokoukis accuses Obama of doubling-down on class warfare in this budget:

Here’s pretty much all you need to know about Obamanomics: In 2011, the Obama White House suggested raising the top dividend tax rate to 20 percent from 15 percent. Keeping the dividend rate at a relatively low level, the White House said, “reduces the tax bias against equity investment and promotes a more efficient allocation of capital.” Makes sense, right? Basic economics.

Yet in his brand-new, 2013 budget, Obama calls for taxing dividends as ordinary income, essentially raising the top rate all the way to 39.6 percent. And then when you tack on the 3.8 percentage point Obamacare surtax — and an additional 1.2 percentage point itemized deduction phase-out for high-end taxpayers — the rate rises to 44.6 percent.

So apparently Obama is now in favor of a greater bias against equity investment (and in favor of debt) and promoting less efficient allocation of capital. And this helps create an economy “built to last” in some way?

Of course, it doesn’t. Not at all. More like “built to fail.” Then again, Obama’s new budget isn’t about economic growth or cutting debt or creating a “built to last” economy. The Obama campaign is built around the idea of reducing inequality. So in his budget, Obama takes the populist whip to the wealthy and to business…

And to people who depend on dividends for their retirement, whether directly or through pension funds. Including the middle class.

Why does Barack Obama hate retired people?

(Crossposted at Sister Toldjah)

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Poor Obama. Presidents of China have it so easy by comparison…

March 11, 2011

One reason Chinese presidents have it so easy.

Jeez, what a whiner. I seem to recall he wanted the job, real bad. In fact, he wanted it so much that he started running for it after only two years as a United States senator.

But now he finds it too tough and envies the Chinese President:

How Mr. Obama manages to do that while also balancing American interests is a question that officials acknowledge will plague this historic president for months to come. Mr. Obama has told people that it would be so much easier to be the president of China. As one official put it, “No one is scrutinizing Hu Jintao’s words in Tahrir Square.”

(Emphasis added)

Gee, I wonder why that is? Could it be because the Chinese government has an almost unbroken history of tyranny against its own people? That Hu’s predecessors are responsible for the deaths of tens of millions? That it doesn’t give a damn about individual liberty and, indeed, as the photo shows above, sends tanks against unarmed protesters demanding their unalienable rights? That is conducting a slow-motion ethnic cleansing in Tibet? Could it be because Hu isn’t accountable to his people, nor even to the legislature, but just to an elite oligarchy of Communist Party hierarchs?

No wonder he has such an easy time of it, and no wonder no one seeking his or her liberty cares a rat’s hind end what Hu Jin Tao has to say.

Okay, Mr. President. It’s time for a basic lesson in why people in Tahrir Square (or Tiananmen Square) might care about what you have to say. Not you as Barack Obama from Hawaii by way of Chicago, but you, Barack Obama, as President of the United States.

You are the Chief of State of a nation that, over the course of the last 235 years, has:

  • Fought for its own freedom
  • Fought a civil war to end slavery
  • Sent an army to Europe to defeat the German Empire in World War 1
  • Sent armies and navies around the globe to defeat Germany (again) when Europe was nearly crushed and at the same time to crush Japan in World War 2, saving the lives and liberties of hundreds of millions
  • Fought North Korea and China to preserve South Korea as a free country (Turned out pretty good)
  • Fought to preserve South Vietnam (Okay, that one didn’t turn out so good)
  • Fought to save Bosnians and Kosovars and give Iraqis and Afghans a chance at a better life

And on and on…

But if the military angle doesn’t get though to you, how about the moral? The nation that gives you such a hard time as president also gave the world the Declaration of Independence, the Constitution of the United States, the Bill of Rights, the radical concept that sovereignty derives from the people and not their rulers, and that Mankind’s liberty is best preserved when his government is limited. (That last one bugs you a lot, doesn’t it?)

And we didn’t just keep it to ourselves; we proclaimed it the right of all humans everywhere and acted as a shield for those wanting those rights and as a loud voice for those whose voices were silenced by the guns of the dictators. Not perfectly, not always consistently, sometimes screwing up badly, but often enough and strongly enough that oppressed people around the world look to the American president for words of encouragement and aid, not the Chinese president. It wasn’t some jumped-up autocrat from Beijing who stood in front of one of the bleakest symbols of tyranny the world has seen, the Berlin Wall, and demanded that the barbarians who built it tear it down.

No, it was an American president, one you like to compare yourself to.

And that’s why people in the Tahrir Squares of the world care what you say.

Instead of whining that dictators have it easier than you, maybe you should stop and think about the role your predecessors have played and why the world would look to them for leadership in the cause of liberty. Maybe you’ll learn something.

Maybe you’ll even grow up a bit.

via Ed Morrissey

(Crossposted at Sister Toldjah)