ODE ON A GRECIAN UR:

The Reactionary in the White House: Barack Obama, throwback (FRED BARNES, 10/03/11, Weekly Standard)

The Obama administration has adopted the fiscal strategy of the Greek government. The Greeks favor raising taxes on the wealthy and massive borrowing to freeze in place the present size, scope, and spending of the government. So does Obama, thus the reactionary nature of his plan.

The Greeks have balked at laying off a single government worker or privatizing any of the immense assets--in land, resorts, and a lot more--owned by the government. When told recently by a visiting delegation from the EU, IMF, and European Central Bank that Greece must cut spending and the bureaucracy deeply to qualify for another bailout, the Greek finance minister abruptly left the room--and didn't return.

Now Obama has left the room. is speech in the Rose Garden last week vowing to veto any budget compromise without large tax increases means a deal with Republicans is off the table. Assuming he's serious...

Which is an assumption no one can honestly make. He's just mau-mauing for the base.

Posted by oj at September 26, 2011 6:52 AM
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