Obama is proving that he is a liberal.  A true hard core liberal who sees that the only way to keep the economy going forward is  spending money and creating new positions and departments which will mean spending even more money.  Earlier this week,  he announced that Nancy Killefer will be his administration's chief performance officer, creating a new White House position with the intent to  eliminate government waste and improving efficiency.   Just what America needs right now, another watchdog on the taxpayers dime  to create a bigger government.  This position makes no sense at all.  What are her duties?  What power does she have in stopping waste?  Who will report to her?  Who will she report to?   How does Peter Orszag, nominee for the Office of Management and Budget,  fit into the picture The President-Elect, as we are finding out on a day to day basis, does not like to reveal details.  The masses are just to go along with his decrees and not question them.  Ever. 

In an economy that is the weakest it has ever been in decades, and the new administration constant reminder that things are not going to get better,  it is irresponsible to be finding new ways of spending money.  Obama seems to realize this when at the announcement of Peter Orszag for the OMB he stated,  “We are going to go through our federal budget, as I promised during the campaign, page by page, line by line, eliminating those programs we don't need and insisting that those that we do need operate in a sensible, cost-effective way.”  On the one hand Obama wants a stimulus package that will cost $700 billion. However, in the next speech he gives he talks about cutting the budget. Huh?  It is amazing that the media is not noticing President-elect’s split personality.  Then again,  this is the same media that is so enamored with the Preseindent’s pecs.  President-Elect Obama is trying to have it both ways, with cutting and spending.  However, any basic economic lesson will stress that there is a time for spending and a time for cutting.  Mr. President-elect, now is the time for cutting. 

The fiscal year 2009 is not starting out very well .  It doesn't help that the 111th Congress is very left leaning and the President-elect even more so. Putting that aside,  it is time to shed some light on the economic fallacies that are surfacing as the answers to the economic woes. First and foremost, bailouts don’t work  Giving money without conditions or accountability is beyond stupidity.  It’s financial suicide.  Also, you can't successfully bail out a business when  your own situation is shaky at  best. Secondly,  the government has to let some issues, such as education, transportation, and medicare, be handled at the state level. Property, gas and state taxes should be sufficient to fund these programs without federal aid.  Local officials and voters should decide how the money should be spent.   Third, stop redefining tax cuts.  A tax cut is when the government  collects less revenue, which allows the taxpayer to keep more of  their hard earned money.   This causes taxpayers to have confidence in their ability to pay their bills, spend money and even give to charities.  A tax cut is not a government check for every citizen, even those who don’t pay taxes.  That is called welfare and the redistribution of wealth.  This has never worked anywhere.  In the places they have tried it,  people have fled the country or stayed because they could see no other way out of their situation.  Unfortunately, this is the only campaign promise that President-elect Obama intends to keep.   On a final note,  businesses, whether they are big or small, are not the evil and corrupt institutions as the liberal elite and media portrays. They are the engine that keeps the economy going strong.  At this moment,  they are struggling for  their life because of  an abundance of regulations, taxes and trade laws that are stifling their growth.  Supporting businesses  by relaxing regulations, tax cuts and striving for global trade that benefits American companies, are logical steps to improving the economy. They are also less costly ways of trying to fix the current crisis. 

The  economic fallacies will not disappear under President Obama’s watch. With every socialist idea, creation of  government positions and programs that  adds to government spending,  the economy will spiral further out of control. If our new President is serious about improving the economy for the long term,  he’s got to keep his promise that was made on November 25, 2008... “ eliminating those programs we don't need and insisting that those that we do need operate in a sensible, cost-effective way.”  Now that is the hope and change that is needed in Washington or Mr. President,  were they just words?