2:00PM Water Cooler 5/23/2017
2 hours ago
... the sense of disappointment among [Obama's] Democratic supporters is growing. Many feel that he took a wrong turn right from the beginning on the domestic front, i.e., that rather than work on the economy, jobs, and bringing the nation's rogue banking system to heel, Obama stuck his hand in the same woodchipper (universal health care) that Clinton did during his first term, and expected a different result. In trying to bring affordable health care to all Americans, Obama was going for the history books more than for the 24-hour news cycle. And there was something admirable in that. But here's the thing about America and universal health care: unlike in other Western democracies, not all of its citizens want it.
My guess is that the president is a slider-that is, someone who slides through life. When you're that good, that handsome, that educated, the world in your adulthood is your oyster ... My guess is that he's like a clever student who writes well and figures he can bull his way through an assignment for which he hasn't really done the dogged groundwork ... The administration overreached and underprepared.Now, granted, Carter obviously wrote this editorial before the historic health-reform bill passed, but that's not the major mistake in his editorial.
Bernanke argues that Americans need to choose between higher taxes or massive cuts in critical government programs. He mentioned Social Security, Medicare, Education and Defense as areas of government spending that would be targeted if we don’t raise taxes. This is a false choice. The federal government needs to reform entitlement programs, needs to root out waste fraud and abuse and should eliminate programs like the National Endowment for the Arts.