Reader Submission: Would you trust Obama with your money?
Questions are being thrown about, both inside and outside of congress/the whitehouse, on just how much one should consider trusting US president Barack Obama when it comes to matters of spending your money. And, unsurprisingly, experts in the industry are now beginning to slip ever so slowly away from trusting him. Particularly with regards the economic predictions and the related stimulous package–a package that, the article goes on to say, hasn’t even come close to being rolled out yet.
The Obama camp has dug itself in a little bit deeper than it was hoping for, though, in trying to ramrod a healthcare reform bill, plus a cap and trade bill, through congress at the exact same time–and is getting more resistance than it planned on to both. What may have surprised Obama, though, is some of the resistance is coming from inside his own party, including Sen. Robert Byrd who has already indicated he won’t support the cap and trade proposal as it stands right now due to fears over new emissions regulations that would be introduced by the bill, and how it would effect the mining industry. In theory, Obama’s ideas, at least on a healthcare front, are souind. In theory. But he’s going to have to do a lot more sweetening of the pot–on both fronts–if he wants to be able to push things through before the fall. Otherwise, he may have talked himself into a hole that there’s no digging out of.
