Saturday, December 4, 2010

Budget Conscious

Paul Krugman has been criticizing President Obama for enacting a much too small stimulus package. Dr. Krugman's take is that Obama is appeasing the Republicans and not willing to admit that his strategy last year was a mistake. But I think Dr. Krugman is wrong, I don't think the size of the stimulus package was the result of strategy, I think it was a deliberate policy choice.

President Barak Obama is a budget-conscious socialist. The giveaway was his appointment of Peter Orszag (a budget hawk) to the head of the Office of Management and Budget. Too many of the choices that the President has made have been seen as concessions to the Republicans rather than penny pinching by the President. President Obama wants Universal Healthcare but only if wasn't too expensive. Contrast this with President Bush and Medicare part D.

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