Wednesday, November 26, 2008
Politicians have a habit of damaging their credibility when they make promises. Here is one that is hardly believeable. Obama has already said he is looking for a $700 billion bill to get the economy moving again. Is there any larger Christmas tree on which to hang goodies for Congressional constituents? So, he might cut a million here and a million there, but it will hardly offset. From a credibility standpoint, it would have been better had he said nothing at all after getting elected. The economic environment has changed and so should his promise. But, politicians feel compelled to live up to their words and in so doing, sometimes they look ridiculous.