So now after the humiliating defeat in Massachusetts, Obama has announced a three year freeze on discretionary spending. It’s something Obama debated against during the campaign and the left hates it. It looks like they are pandering to the Tea Party. But I think there might be a little turf war going on with the Congress and the White House.
The Congress screws up health-care way before Massachusetts, but that put the final nail in the coffin. He announces new banking regulation and a bi-partisan task force to cut the deficit. Before that task force can even be approved, he announces this new cut. The Senate has rejected his bi-partisan task force, probably because of his most recent move. Could Bernanke’s confirmation also be a casualty of this entire debacle. According to the Huffington Post, Democratic leaders are having a tough time getting the 60 votes and are making deals for some Senators to vote to just end debate and not have to approve Bernanke. Currently Intrade gives Bernanke a 94.5% chance of being reconfirmed.
The State of the Union is really going to be interesting now. What is he going to say? What policies is he going to pursue now with health-care going down the drain. The State of the Union is Wednesday at 9:00PM EST. What will he say?
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