Everything Is Rosy, Now Obama’s Found Rosy
The administration insists it isn’t so, but some private economists are wondering if the Obama administration has brought “Rosy Scenario” back to town.
In unveiling his budget, President Barack Obama pledged to bring “honesty and fairness” back to the budget process by getting rid of the gimmicks past administrations had used to hide the real costs of government programs and proposed tax cuts.
But many economists who examined the economic assumptions that undergird the spending plan believe that Obama may have resorted to one of the oldest gimmicks around — relying on overly optimistic economic assumptions to make it look like you are dealing with soaring budget deficits when in reality you are only closing the gap on paper.
I suppose nobody should have expected that the president would be able to change the world on the cheap, and as Mark Steyn reminds us, that is the project on which our nation has now embarked:
If you find it hard to keep track of these all these evolutions, the President in his address to Congress finally spilled the beans and unveiled our new hero in his final form: the Incredible Bulk, Statezilla, Governmentuan, a colossus bestriding the land like a, er, colossus. What superpowers does he have? All of them! He can save the economy, he can reform health care, he can prevent foreclosures, he can federalize daycare, he can cap the salary of his archenemies the sinister Fat Cats who “pad their pay checks and buy fancy drapes.” No longer will the citizenry cower in fear of fancy drapes: Pay no attention to the man behind the curtain! With one solar panel on the roof of his underground headquarters, Governmentuan can transform the American energy sector and power his amazing Governmentmobile, the new environmentally friendly supercar that soon we’ll all be driving because we’ll be given government car loans to buy the government cars! He’ll have hundreds of thousands of boy sidekicks, none of whom will ever be allowed to drop out of high school because (in the words of his famous catchphrase) “that’s no longer an option!” “Gee, thanks, Governmentuan!” says Diplomaboy the Boy Wonder, as he goes off to college to study Gender As A Social Construct until he’s 34.