Thursday, October 30, 2008

CBS Also Negative on the Obama Infomercial

CBS has published an evaluation of the Obama's 30-minute infomercial and it is not positive. Wyatt Anderews at CBSNews does the math and concludes there is no way that Obama can pay for everything he promised:
If he closes every loophole as promised, saves every dime from Iraq, raises taxes on the rich and trims the federal budget as he's promised to do "line by line," he still doesn't pay for his list. If he's elected, the first fact hitting his desk will be the figure projecting how much less of a budget he has to work with - thanks to the recession. He gave us a very compelling vision with his ad buy tonight. What he did not give us was any hint of the cold reality he's facing or a sense of how he might prioritize his promises if voters trust him with the White House.
Here's a specific example:
Fact: Even if you believe Obama intends to fix health care, most independent analysts say the cost is massive - $1.2 trillion over ten years, according to the highly respected Lewin Group. When the new Congress wakes up next year to a $1 trillion deficit, and answers the overwhelming new demands for another stimulus package, will the leadership really bite on a health care reform package that digs the deficit hole so much deeper?
I specifically like this point (emphasis mine):
Fact: Obama, when referring to savings he can make by leaving Iraq ($90 billion, according to Congressional Budget Office estimates), has spent these savings several times over, across several different promises depending on the crowd he's addressing.
Ah yes. Over-promising and making different promises to different audiences. That's true change from your stereotypical politician.


mnotaro said...

Obama's tax plan is just a lie, and he will continue to lie to get elected. Obama is a puppet. He is a puppet the liberal illuminati democrats are using to lure the public into voting for him and turning America democratic for years to come, in Congress and the Supreme Court...meanwhile, Obama has NO idea what he's doing, as you can see from his latest tax strategies...

knowitall said...

Obama said nothing truthful throughout this campaign until he won, and that was that he and the left-wing illuminati were not going to get anything done in their first term.