February 27, 2009
Obama the "Gambler": Read, "Speculator"
With yesterday's budget proposal for next year, even the New York Times has labeled Obama a "gambler." Gambling is in: Poker players are on television and romanticized in Westerns. Speculators are out: They caused our economic crisis and are vilified by Oliver Stone. But gamblers are speculators. I prefer another word entirely: Obama is "Confused." He wants a stable housing market but is willing to cut back the interest deduction on mortgages; he wants not for profits to flourish but is willing to cut back on deductions for charitable donations; he wants private investors to get back in the market but is willing to up the tax significantly on the returns on new private investments. He goal of economic recovery is conflicting with his social redistribution goals. Either he is confused or intentionally sacrificing economic recovery for social goals (a deceit). I prefer "confused."
February 27, 2009 | Permalink
TrackBack URL for this entry:
Listed below are links to weblogs that reference Obama the "Gambler": Read, "Speculator":
Oh he is not confused! He is a democrat and this is what democrats do! Thanks to all who voted him in. I dont know who would have been worse during these times but maybe we should have went with a third party nominee since neither Republicans or Democrats know what they are doing? maybe next time we will chose more wisely!
Posted by: www.google.com/accounts/o8/id?id=AItOawkWmqV_ykb0r7ksgQRcnjjmLjTiMICBvnA | Feb 28, 2009 11:39:32 AM
I think Obama knows what he is doing. He is a Democrat.
Posted by: Business and Finance | Mar 4, 2009 8:17:51 PM
Professor, you are so polite. "confused" is so much more civilized (if less accurate) than "power hungry, tyrannical central planner".
Posted by: Methinks | Mar 9, 2009 5:23:48 PM