Judd Gregg to Team Obama: Your Budget is a Lie

by Sal on March 13, 2009

in Economy,Politics

The appointment and withdrawal of Sen. Judd Gregg consideration for the post of Commerce Secretary was a fortunate occurrence for Republicans.  His criticisms now carry some perceived extra weight, because he was deemed a good choice for a leadership role by Barack Obama, so any criticism now leveled at him from the Obama Administration can be met with a question of why they thought he would make a suitable Secretary of Commerce.

Gregg lambasted Secretary of Tax Cheats Tim Geithner yesterday in a hearing of the Senate Budget committee, calling the Obama Budget Forecast a lie.  This from MSNBC of all places:

It was obvious to most Capitol Hill insiders why President Obama wanted Republican Judd Gregg as a member of his cabinet: He’s one of the sharpest money-minds in Congress.  But instead of getting Gregg’s counsel within the administration, Treasury Secretary Tim Geithner found himself today of the receiving end of Gregg’s fiscal conservative wrath.  In a hearing before the Senate Budget Committee Gregg dressed down Geithner with facts, figures, and charts. While always keeping his cool, the exchange was somewhere between a mother’s scolding, a drill sergeant’s questioning and an attorney’s cross examination.  In his opening statement, Gregg politely called the administration’s budget forecast a lie. “The argument that it cuts the debt in half in four years is, ahh, is truly spurious,” he told Geithner.  President Obama himself gives Gregg’s comments a sense of stinging credibility. When the president introduced Gregg as his nominee for Commerce Secretary last month, he said Gregg is known for is fiscal discipline.

Gregg goes on to tear apart the lies in the budget process, from the myth about tax cuts for most people and tax increases only on top wage earners, to the overly-optimistic economic estimates put in the budget to make it look like it is going to cut the deficit.

I am glad Gregg did not join the Obama administration.  His presence in the Senate will help to combat some of the more offensive provisions in the budget, which is now drastically losing support among even congressional Democrats.  It is hard for them to even defend a massive new tax-and-spend plan after the spending that has already gone on in the past year.  Obama’s dreams of grandeur may have to go on hold indefinitely as the economy tries to find its footing again — that is, if the Porkulus bill doesn’t keep it down.

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Obama, Tell Me Lies… Tell Me Sweet Little Lies « Frugal Café Blog Zone
April 5, 2009 at 1:08 pm

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MAS1916 March 13, 2009 at 11:54 am

Gregg’s exodus from the cabinet deprived Obama of an electoral advantage he was counting on for 2012 – some element of bipartisanship. In this instance, Gregg was to take the fall for a slowly improving economy or be blamed entirely if things didn’t turn around to the country’s satisfaction. Obama could then – as usual – blame a Republican for things not going as planned.

Following his withdrawl, Gregg has bloodied the Geither’s nose by pointing out the lunacy of the President’s plans in public.

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