The wind is shifting, could there be a storm approaching, first on the National Health Care bamboozle… the Admin insisted it had to be over by Jul 4. That there had to be a Public policy along with the Private has evaporated after Daschle made this concession yesterday.
CBO dorpped the T (for Trillion or was that 2 Trillion, God knows) Bomb this week and the air is seeping out of the legislation to the point that even the Dems are saying December or later or never. The polls are saying fiscal conservation is more important than national health care.
The magic will wear off on Cap and Trade Tax because its cost is coming to the surface and then the summer will end and all those Summer Jobs that were supposed to give us 8% Unemployment will evaporate and up goes the Unemployment rate.
What thread runs thru all this???
MONEY. America’s Measuring Stick. The Holy Grail of Politics and Purpose in the USA.
Paying for all the fantasy programs is freaking out the taxpayers. More important than the economy says Rasmussen etal this week. Uh Oh…
The hyperbole can never outrun the money in this world and “Elmer Gantry” is the quintessential parallel opera to Obama that tells that tale. Or the reality show ala the demise of the USSR. It was gradual then suddenly broke and gone.
Watch the money trail. That’s the line that will lead the Admin to ruin. They cannot produce the buckaroos and that means they cannot deliver on their campaign promises. The fantasy football game of taxing the rich has been debunked – we are running out of rich people. Financial Times had a great expository on that fantasy where they extrapolated that if the famous 5% were taxed at 110%, it would not make a dent. But Bloomberg said that months ago and was ignored. That’s like ignoring gravity as the 52 floor passes you going down the fenestration of the Empire State Building.
Wonder what the odds are in Vegas about the admin’s denouement by Christmas?
