We all wrestle with the Obama administration’s mistakes, and ache for the sub-basement his ideas have dug for our national deficit.  Still, most Americans can only scratch their heads.  Why WOULD the President toss $800 billion of sacred taxpayer money in the air and just watch to see where it falls?

This week The Weekly Standard makes it simple for us.  Here’s why the Stimulus Bill was wasted, the Auto Bailout was a fraud, the Finance Reform Bill only layered the same pockets as always, and how Obamacare was actually bought, not passed.  Read this, and then read it ALL, here at The Morning Jay.

1. The stimulus bill. The idea behind the bill was to pump some $800 billion into the economy, but the point of entry for that money was largely through core Democratic constituencies. Government unions, trade unions and environmentalists were the most notable beneficiaries.

2. The auto bailout. The president forced the secured creditors of Chrysler to take a haircut while the United Auto Workers won a majority stake in the company.

3. The financial reform bill. The mega-banks like Goldman Sachs pumped tens of millions of dollars into President Obama’s 2008 campaign, and they enjoyed a great return on their investment. The financial reform bill was so watered down that even they ended up endorsing it, and worse, it reinforced their status as too big to fail.

4. Cap and trade. This would have imposed higher energy costs on middle America while handing out tens of billions of dollars in corporate welfare to industrial interests.

5. Health care. To correct the mistakes of Bill Clinton, Team Obama wooed the major health care “stakeholders” (i.e. interest groups) by tailoring the bill to their needs. So hospitals, doctors, the drug companies, the AARP all got special deals. Even the evil insurance companies were on board before they watered down the mandates. And why not? After all, the government was basically forcing all citizens to become their customers whether they wanted to or not. Meanwhile, what about average people? Millions of Americans will see their insurance costs go up, not down, and millions will be forced to change their coverage even if they don’t want to. And just when the budget is about to collapse from the weight of existing entitlements, the president added huge new health obligations!

I believe that Obama believes he is looking out for the public good, but that is merely a testament to his self-righteousness.

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Filed under: Economy, Featured, Inside The KC, Politics, Sonja Eddings Brown by Sonja Eddings Brown, Aug 27, 2011