Monday, September 22, 2008

How will Obama fund his liberal mandates now?

Yet another reason to take Obama's populist pandering with a grain of salt.

With the Treasury funding the buy out of toxic credit instruments to the tune of close to ta trillion dollars, Obama is going to have a hard time funding his middle class tax cut and health care plan.

John McCain is going to pound Obama on this topic during the first debate. Obama cannot possibly defend his current version of his economic plans. He only has two options:

1. Scale back his promises, which means he will waffle yet again giving John McCain an advantage
2. Stick with the current plan, which would mean he will rasie the government debt beyond the current 10 trillion and incur higher interest costs and blow the deficit.

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