Modern Pensées

Reconsidering theology, philosophy, culture, economics, and politics

Obama’s Political and Economic Quandry

leave a comment »

obama

Excellent read from David Bahnsen (yes, son of the late Reformed apologist Greg Bahnsen) on President Obama’s present political and economic quandry.

In essence, Obama is faced with either:

A. Cut taxes + cutting spending = avoid double-dip recession + commit political suicide (as Americans want their individual tailored [socialist bailouts])

B.  Heavily tax the wealthy + redistribution of wealth = double-dip recession + 2nd term in office

If the past is any predictor of the future, my guess is political expediency.

Advertisements

Written by Michael Graham

October 1, 2009 at 5:12 pm

Posted in Economics, Obama, Politics

Tagged with , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: