Friday, March 27, 2009

Obama's Short Sell

Though "words matter" to President Obama, details don't.

Last night Obama delivered a live press conference that came after a week of bizarre behavior, ranging from inappropriate jokes on the Tonight Show, and delayed outrage over executive bonuses. America is eagerly waiting for President Obama to make his case, again tonight, there were no answers.

After tonight, one thing is clear: Obama has his bachelors, masters and doctorate in persistent ambiguity.. He dodged questions on how exactly he'll cut the deficit by increasing spending. He ducked the issue of whether his policies will result in massive inflation. And he danced around the fact that his budget will double the national debt in 5 years and triple it in ten years.

The only thing we do know, is that Obama will make it harder for some people to give to charity. It is one thing to oppose the rich, it is another to oppose charitable giving.

Answers weren't the only thing missing last night; so were tough questions from the press. No questions about the AIG bonuses; no questions about Congress’s latest efforts to raise taxes, Leno grilled him harder than the White House press corps.

Most disappointing was the failure of the press to seriously question Obama on Geither's latest plan to thaw credit markets. Will it work? Hard to tell in the absence of tough questions.

Most notable was his verbal word orgy when it came to investments, which we all know is liberal speak for spending. In fact, I use the term investment every time I try to justify a shoe purchase at Bloomingdale's. Note: the last person to overuse the term investment was Bernie Madoff.

His press conference left the public unconvinced. And that Mr. President is no laughing matter.