Reduce the deficit AFTER the real recovery

First, I hope all of you real ‘Mmmmericans had a great Thanksgiving. I know I had enough Turkey to hold me over until November 2010.

Second, now that you we’re back, it’s time for a dose of Vitamin-T, Matt Taibbi. Taibbi noticed that the Obama administration is promising to reduce the deficit, a.k.a. government spending, at a time when only the banks seem to have recovered from the economic disaster of a year ago. I guess that bailout for the rest of us just isn’t in the plans:

… it’s time to stop talking in coded language about this stuff and just admit that we’re in a survival drama, with too many mouths and not enough food in the lifeboat. Last fall, when Lloyd Blankfein’s bonus was at stake, the economy was an urgent international emergency and no limit was placed on how much money could be borrowed to stave off The Unimaginable. But now, when unemployment in the general population is soaring and the middle class is quickly turning into an underclass, suddenly we’re putting on our tweed jackets and talking in professorial tones about the dangers of deficits and fiscal irresponsibility.

That’s bad enough, but what’s going to be even worse is when the Obama administration starts pointing to all the Teabagger rallies and waving the “voter anger” card the discredited schmuck Karl Rove is bleating about as an excuse for why the spigot has suddenly been turned off.

When the White House does that, and it will, it’s going to be a lie, and pretty transparent one at that. Obama’s handlers surely know that they’re not going to win so much as one teabagger vote by shaving a few decimal points off this or that stimulus program. They just don’t want to admit what the plan is, which is to save one group of asses, and not another.

This seems exactly right to me. We apparently have an unlimited amount of money to spend on war and bailing out bankers , but the rest of us are left to fend for ourselves in the Free Market. Hopefully Obama & Co. will realize they need to help unemployed and hurting Americans before we start worrying about deficit reduction. If not out of sympathy, at least out of the need for political survival, because I can’t imagine him winning in 2012 with ~10% unemployment. In that case we should all be scared, because this could be our future:


  1. Ian

    I was trying to find a way without being an ass to get on you for always quoting other blogs without any real analysis, but this was the best I could come up with. I apologize.

  2. Ian

    Also, maybe its just my computer, but I couldn’t get that video to load.

  3. Chris

    Yeah, that embed is a little spotty. I couldn’t find a clip on YouTube, Vimeo or Hulu.