Obama's empty jobs vow: Castles in the sand
Fresh from signing a debt-ceiling increase that provides no shelter from the storm ahead, President Barack Obama stepped before the cameras in the Rose Garden last week and vowed to renew his focus on jobs and the economy.
And where will these jobs come from• Supposedly, from key government "investments." In other words, from the same failed government policies that have stifled economic growth and threaten more damage.
"Obama does not have much presidential persuasion left. He is running out of capital," says James Thurber of American University's Center for Congressional and Presidential Studies.
Witness Washington's latest "big deal." It's clear about raising the nation's debt ceiling (spending) by $2.4 trillion in toto . But details get fuzzy on any specific cuts, which are pushed back beyond 2012 -- if they happen at all.
Ditto for any reforms of Social Security, Medicare and Medicaid, which get kicked further down the road despite the trio's trillions of dollars in unfunded liabilities.
So, we have a deficit-reduction plan that pays lip service to unsustainable entitlement spending, which is driving up the nation's debt. Add to that burden all the deleterious diktats of ObamaCare.
Against this rising tide of federal spending and even more debt, Obama and Congress are building castles in the sand. Corporations and investors aren't going to set up their beach chairs, only to see them get swept away.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- South Butler students push composting as a way to slow food waste
- Amazon raises bar for other retailers with same-day delivery
- Steelers notebook: Linebacker Timmons hoping for contract extension
- Western Pa. dairies get creative to ensure eggnog supply
- School lunch group hopes to revise rules it calls impractical, too restrictive
- Holiday shopping season off to early start in Mon Valley
- Miami (Fla.) gets prepared to take on ‘physical’ Pitt team
- Penguins 4th line is showing promise
- Family-oriented mom treated each day as special
- Chicago police videos of black teen McDonald’s death lack sounds; protests planned for ‘Black Friday’
- Western Pa. students bristle at changing menu choices