Barack Obama

A Fannie Mae for Intrastructure?

Like President Bush before him, Obama has a knack for taking the worst ideas of his opponents and making them his own.  It is truly bipartisanship in the worst of ways (think Sarbanes-Oxley, the TARP or No Child Left Behind).  The newest example is the President’s proposed “infrastructure bank.”  A bill along those lines was introduced a few years ago by then Senator Hagel, although the idea is far from new.

CBO on Obama Debt Orgy

This week the Congressional Budget Office released its analysis of the president’s FY2011 budget. The CBO projects that combined deficits for 2011-2020 under the president’s budget will be $1.2 trillion (for a total of $9.7 trillion) higher than the Office of Management & Budget’s forecast.

The CBO projects that debt held by the public as a percentage of GDP will be significantly higher:

Obama’s Nobel Speech

I have two complaints about the President’s Nobel Prize acceptance speech, one factual, one theoretical. The first concerns his repetition of the common claim that we live in a world of growing instability and civil war. The president said:

The resurgence of ethnic or sectarian conflicts; the growth of secessionist movements, insurgencies, and failed states — all these things have increasingly trapped civilians in unending chaos.

Not the Change We Hoped For

express-coverBarack Obama first became a credible presidential candidate on the basis of his antiwar credentials and his promise to change the way Washington works. But he has now made both of George Bush’s wars his wars.

U.S. Standing in the World

Well before Barack Obama was awarded the Nobel Peace Prize, Americans were speculating on whether his ascendancy to the highest office in the land would help to improve the United States’ tarnished reputation in the world.

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