BOGGLED BAM
CAN PRESIDENT GET JOB DONE?
NY Post - By DICK MORRIS & EILEEN MCGANN - March 16, 2009
THE furor over the huge federal spending under President Oba- ma - a $1.75 trillion deficit, 13 percent - obscures an even more basic question: Does he know what he is doing?
That is, does he know how to do anything other than spend?
His stimulus package, of course, took no special ability: He left the details to Democrats in Congress. But his two other major initiatives - his banking- and mortgage-relief plans - are both flawed and unlikely to solve their respective problems.
Indeed, they're so wide of the mark as to prompt questions not of Obama's ideology but of his basic competence.
The bank-bailout plan seems to be largely stillborn. Having wished that the private sector would flock to invest in toxic assets if offered the right incentives, the Treasury secretary is still hoping. Crossing his fingers seems to have replaced effective policy in his planning. (continues...)
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