Obama witholding information from the public State, National, International, posted by Jon, a resident of the Del Prado neighborhood, on Jul 20, 2009 at 1:18 pm
President Obama is withholding information from the american public until such time as he can slam through his socialistic healthcare plan before we find out the truth about the economy he is digging us deeper into.
Obama hiding the budget numbers until August recess
Barack Obama has insisted on getting a health-care bill passed before the August recess, despite the complex issues involved and the massive amounts of spending it will require. Why the rush? Polling numbers explain part of it, of course, but the AP’s report on a delay in announcing budget numbers may hold the key:
The White House is being forced to acknowledge the wide gap between its once-upbeat predictions about the economy and today’s bleak landscape.
The administration’s annual midsummer budget update is sure to show higher deficits and unemployment and slower growth than projected in President Barack Obama’s budget in February and update in May, and that could complicate his efforts to get his signature health care and global-warming proposals through Congress.
The release of the update — usually scheduled for mid-July — has been put off until the middle of next month, giving rise to speculation the White House is delaying the bad news at least until Congress leaves town on its August 7 summer recess.
The administration is pressing for votes before then on its $1 trillion health care initiative, which lawmakers are arguing over how to finance.
Obama cannot afford to have another report hit the street showing that he has miscalculated — again — the extent of the deficit, just as he proposes a deficit-busting program. The White House has instead iced the report to keep people from seeing just how badly Democratic spending has dented the budget, and how revenues have not recovered despite their predictions of growth by Q2. They want to hold off those numbers until Obama has a bill he can sign on his desk, by which time it will be too late.
Consider this: if those budget numbers looked good, would the White House postpone revealing them? Obama could use all the good news he can get at the moment, especially with two big-spending bills stalling in Congress. If the deficit looked better than their May predictions, or even if it looked the same, those numbers would have already hit the front pages of newspapers across America and every network news broadcast, with the message that the worst has passed.
This is a shell game, a 3-card Monty being played by the Obama administration. They are withholding data that rightfully belongs in the public square, so that the electorate can inform themselves of the nation’s fiscal standing before Congress votes to spend more of our grandchildren’s money. Perhaps the news media might remind Obama of this during his prime-time presser on Wednesday.
Posted by Pete, a resident of the Downtown neighborhood, on Jul 20, 2009 at 1:42 pm
His less than upfront ways are more than troubling and it would seem he is lying to us to achieve his goals of converting us into a socialist country at all costs and wants to get it done before we go to the voting booth next year to change it.
Posted by Barb, a resident of the Foothill Knolls neighborhood, on Jul 20, 2009 at 3:13 pm
Sadly, Jon is correct. This health care ramming attempt is just to get it done. It is not for the masses, it is because he promised the 'inner- cities' they'd have personal coverage (as opposed to emergency). Good goal..but taxpayers would rather have the right program to a fast program that will give us grief for all of our days as a country ! They are using a dartboard for the figures they are throwing around. If we don't know just how deep it is going to bury us...forever...we need to keep working on it until it is workable. He ORIGINALLY sold the initial concept as we 'needed it to bring all costs & budgets into line ". Well, the numbers that keep coming up are NOT doable ! They're conning us & as usual 'they'll be a little off' the SURPRISE in a couple years it will be UNsustainable. We've got enough UNsustainable junk already. If medicare is going broke, why should be believe their GUESSTIMATES. Taxing the ones that still have jobs is not a fair American solution...back to the drawing board. It is dangerous to make a decision this huge...by the calendar !! Suicidal!
In summary, the article points out that this is very typical for an administration's first year, with G. W. Bush's administration announcing their 2001 numbers on August 22, 2001, and B. Clinton's administration releasing their first year numbers on September 1.
Obama is not witholding information from the public.
Posted by Jenny, a resident of the Highland Oaks neighborhood, on Jul 20, 2009 at 3:19 pm
Please, all in DC, take a breath, keep redoing the numbers, READ CAREFULLY, and don't forget 'HASTE MAKES WASTE'...couldn't be more accurate! Anything worth doing, is worth doing RIGHT ! the first time.
Posted by Rosemary, a resident of the Ponderosa neighborhood, on Jul 20, 2009 at 3:25 pm
If health care was so needed why didn't the Pelosi Congress do it 2 yrs. ago ? That was an ALL-DEM Congress which Obama was a part of...why didn't they do it then. You'd think they would have known what they were going to do....maybe they are trying to go too far this time ! and the numbers just don't work ????
Posted by Jon, a resident of the Danbury Park neighborhood, on Jul 20, 2009 at 7:50 pm
Jon, is that your real name? Your talking like "Obama can't afford to have" he is on probation or something! he is the President Of The United States Of America, Just like Bush, Clinton, Jefferson etc.
All this right wing paranoia is getting so old! Your going to have to live with Obama, just like many of us had to live with Bush for eight years! We we not storing, food, water, bullets, guys and trying to provoke a civil war, like YOU folks are!
Obama inherited a DISASTER Left by OTHER administration(s, Congress, Wall Street and the GREED of MANY California Homeowners who decided to use their over inflated equity to keep up with the Jones.
Posted by Anyone, a resident of the Amberwood/Wood Meadows neighborhood, on Jul 20, 2009 at 7:55 pm
"Posted by Very Concerned, a resident of the Another Pleasanton neighborhood neighborhood, 6 hours ago
Jon, I agree. Don't count on the mainstream press to do any real investigative reporting. "Nothing here, time to move on." LOL"
Why on earth are you conservatives com[laining about the "main stream news"?? Most people get their news on the internet! You all know where to get yours and we know where to get ours. Yours is totally negative and abrasive and to radical for the majority. Thats why WE control the house and senate and the White House!
What are you all affraid of anyways, we all hear your side one way or another. Thank god for the truth ha! We are all doomed and Obama is the worst president ever, Bla, Bla, Bla
Give it a rest before you have have heart disease!
Posted by Pete, a resident of the Downtown neighborhood, on Jul 20, 2009 at 8:26 pm
What in the world are you saying? I have read your thread 3 times and cannot figure out what you are trying to say. I think most on this blog who are being objective are just trying to point out that we are spending way to much and cannot pay for the amount of debt we are ringing up. Regardless of whether or not you like Obama is not the point. The point is that the level of spending we are doing is not possible to sustain either short term or long term. The debt service will be over 500 billion per year and how can that be paid for when most sources of income are drying up. Housing is down, car sales are down, people are laid off with no hope of jobs, people working have taken pay cuts or lost all bonuses so where does this money come from? Folks we are in a depression and going deeper each and every week.
Posted by Love Palin, a resident of the Another Pleasanton neighborhood neighborhood, on Jul 20, 2009 at 9:41 pm
Spending didn't get us in to this problem, and neither did sub prime borrowing. We are in this mess because Lehman Brothers collapsed and the others big financial services companies were bailed out. It wasn't the mortgages that killed AIG (the company that got the largest gift of bailout money), it was the side bets -- the derivatives. AIG isn't even a bank or mortgage company. It, like the others, sold side bets against credit defaults. It was the odds or ratios on those bets (like 10 to 1 or 50 to 1) that amplified a problem of a few hundred billion in credit defaults, and turned it into a problem of tens of trillions of dollars.
Do a little math. AIG alone has received $180 billion in bailouts. That it just one company. If the average defaulting mortgage cost a bank $100,000 to foreclose, that one bailout would be enough to cover 1.8 million foreclosures. That's more than the total number of foreclosures for 2009 for the entire country. And that's just one company.
We are in this problem because companies wrote side bets (derivatives, credit default swaps) that they could not cover. This crisis was not caused by taxes that were too high, too much government regulation of business, too many lawsuits, or even too much sub prime borrowing. Both parties Bush/McCain/Palin and Obama/Biden believe that the only way out of the mess is with big government spending.