HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Topics » Economy & Education » Economy (Group) » STOCK MARKET WATCH -- Mon... » Reply #38
Introducing Discussionist: A new forum by the creators of DU

Response to Tansy_Gold (Original post)

Mon Mar 25, 2013, 09:57 AM

38. As Obama signs sequestration cuts, his economic goals are at risk

http://www.washingtonpost.com/politics/as-obama-signs-sequestration-cuts-his-economic-goals-are-at-risk/2013/03/24/110f7104-9096-11e2-9cfd-36d6c9b5d7ad_story.html

With his signature this week, President Obama will lock into place deep spending cuts that threaten to undermine his second-term economic vision just four months after he won reelection.

Obama has repeatedly championed a set of government investments that he argues would expand the economy and strengthen the middle class, including bolstering early-childhood education, spending more on research and development, and upgrading the nationís roads and railways. He has said his comfortable reelection victory in November shows the country is with him.

But none of those policies have come close to being enacted. Instead, after returning this weekend from a trip to the Middle East, Obama is set to sign a government funding measure that leaves in place the across-the-board cuts known as sequestration ó a policy that undermines many of the goals he laid out during the 2012 campaign.

Obama thinks the cuts are, in his words, ďdumb,Ē and he says they will slow the economy and harm priorities by cutting spending on education, research and development, and many other programs. Yet Obama now finds himself enacting a broad domestic policy that he doesnít support and that he believes will harm the country.

Reply to this post

Back to OP Alert abuse Link to post in-thread

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 52 replies Author Time Post
Tansy_Gold Mar 2013 OP
Demeter Mar 2013 #1
Demeter Mar 2013 #2
Demeter Mar 2013 #3
Demeter Mar 2013 #5
Demeter Mar 2013 #6
Demeter Mar 2013 #7
Demeter Mar 2013 #11
Demeter Mar 2013 #12
Demeter Mar 2013 #13
Demeter Mar 2013 #48
Demeter Mar 2013 #4
Demeter Mar 2013 #8
Demeter Mar 2013 #9
bread_and_roses Mar 2013 #37
Demeter Mar 2013 #10
Demeter Mar 2013 #14
Demeter Mar 2013 #15
Demeter Mar 2013 #16
Demeter Mar 2013 #17
Demeter Mar 2013 #18
Demeter Mar 2013 #19
Demeter Mar 2013 #20
Demeter Mar 2013 #21
Demeter Mar 2013 #22
Demeter Mar 2013 #23
Demeter Mar 2013 #24
Demeter Mar 2013 #25
Demeter Mar 2013 #26
Demeter Mar 2013 #27
Demeter Mar 2013 #28
Demeter Mar 2013 #29
Demeter Mar 2013 #30
xchrom Mar 2013 #31
xchrom Mar 2013 #32
just1voice Mar 2013 #49
xchrom Mar 2013 #33
AnneD Mar 2013 #42
xchrom Mar 2013 #43
xchrom Mar 2013 #34
Hotler Mar 2013 #35
Fuddnik Mar 2013 #36
LineReply As Obama signs sequestration cuts, his economic goals are at risk
xchrom Mar 2013 #38
Demeter Mar 2013 #44
DemReadingDU Mar 2013 #39
DemReadingDU Mar 2013 #41
Demeter Mar 2013 #45
DemReadingDU Mar 2013 #40
Demeter Mar 2013 #46
Demeter Mar 2013 #47
Fuddnik Mar 2013 #50
Fuddnik Mar 2013 #51
bread_and_roses Mar 2013 #52
Please login to view edit histories.