In the attached article it is reported that the Spender in Chief will be giving a national speech in September in which he will announce a "NEW ECONOMIC PLAN" to reduce spending. This is so typical of his Rope a Dope strategy of Leading from Behind. What about just presenting a Budget for 2012 with serious cuts in it and a 5 year plan with it? What about the Simpson-Bowles Commission that HE EMPOWERED? How about the GANG of SIX proposal or the House Budget?
Instead of taking the report from his own commission or one of the others and entering in to serious negotiations he will add another plan to the mix. Undoubtedly, we will see another plan with Tax Increases for the job creators and increased short term aid for the jobless while doing nothing to spur real economic growth.
But of course, spurring economic growth is not his goal. He just wants to put a plan out there so that he can have something to say when the Election kicks in to high gear in 2012.
No Budget, No Real Economic Solutions, just Politics and Class Warfare.
http://www.cnbc.com//id/44174262
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