Monday, December 15, 2014

The US Budget: A Pyrrhic victory for Democrats.

The caving of Boehner and the victory of Obama in the 2014 budget battle will turn out to be a Pyrrhic victory for the Democrats. Just to refresh your mind, King Pyrrhus of Epirus decided to rescue his fellow Greeks and took on Rome. He won the first two battles but the second battle cost his army so much that he lost the war.

Consider what is at stake. If my favorite Senator (Senator Cruz) prevailed, Obama would have vetoed the budget and shut down the government. The Media then would have run wall-to-wall stories of starving kids not getting school lunches, people dying for lacking welfare - the usual tripe the Media runs at such times.

What will happen now? Obamacare is fully funded for a year and premiums are about to hit unsuspecting low information people full force. Some of us know that the big bite of Obamacare was deferred until after the 2014 election. It will now be noticed though the Media is not likely to give it much airtime. There is another factor: Investor's Business Daily rhapsodizes that part time jobs have surged during the last year and predicts that this will be a plus for the Obama regime. Really? Part time jobs pay less and provide no health insurance paid for by the employer.

Meantime, court challenges against Obamacare will continue.

One more thing. The phony challenge of Sen Fauxcahontas against the loosening of the financial aspects of the Budget Bill has elevated her to be a credible challenger to Hillary. That does not bode well for the Democrat Party. Ironically, she is right. Having the govt not only allow the banks to have 300Trillion in risky derivatives but federally guarantee them ensures the demise of the Dollar.

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