a href=”http://online.wsj.com/article/SB10001424052970203517304574306533556532364.html”Peggy Noonan in the WSJ:/abr /br /blockquoteThe White House misread the national mood. The problem isn’t that they didn’t “bend the curve,” or didn’t sell it right. The problem is that the national mood has changed since the president was elected. Back then the mood was “change is for the good.” But that altered as the full implications of the financial crash seeped in. The crash gave everyone a diminished sense of their own margin for error. It gave them a diminished sense of their country’s margin for error. Americans are not in a chance-taking mood. They’re not in a spending mood, not after the unprecedented spending of the past year, from the end of the Bush era through the first six months of Obama. Here the Congressional Budget Office report that a health care bill would not save money but would instead cost more than a trillion dollars in the next decade was decisive. People say bureaucrats never do anything. The bureaucrats of CBO might have killed health care./blockquotebr /br /I must say that I have little (okay, almost no) faith in bureaucrats but in this case, the CBO rose to the occasion and we should give credit where credit is due.
July 24, 2009 - 10:25 am