Monday, July 20

Bad news is good news

USA Today:
WASHINGTON — The public's confidence in President Obama's ability to handle the economy is eroding amid concern about higher federal spending and expanding government power, a USA TODAY/Gallup Poll finds — a development that could complicate his efforts to push a health care plan through Congress in the next few weeks.

In the survey, taken Friday through Sunday, Americans by 49%-47% disapprove of his handling of the economy, and by 44%-50% disapprove of his handling of health care.
WaPo shows a similar drop.

This is a welcome development, given how:

1) The stimulus was mis-sold as something that would have immediate, short-term benefit when it was a more of a slow giveaway to Democratic interest groups without the nearer-term benefit that tax relief would have provided.

2) Health-care 'reform' devolved from cost-cutting, spending-reducing promises to something that seeks to soak the rich and expand entitlement coverage--thus exacerbating solvency problems in a misguided quest for universal coverage rather than helping to solve them.

Welcome back down to Earth, Mr. Obama. Now try to find a way to "make the hard choices" you've given so many pretty speeches about that doesn't involve morphing the phrase into a glorified euphemism for raising taxes and increasing entitlement spending.

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