Today on Today at NBC (National Barack Channel)
Sen. Barack Obama (D-Ill.) said in an interview aired Tuesday that the cost of the mortgage bailout plan may rein in his ambitious plans for health care, energy, education and infrastructure.
Obama’s comments reflect the possible new constraints on the next president’s ability to expand or start programs or cut taxes. The government financial interventions of the past two weeks could cost more than $1 trillion.
Obama told NBC’s Matt Lauer on the “Today” show that he doesn’t expect the mortgage plan to cost the full $700 billion right away, and all the money won’t be lost.
“Does that mean that I can do everything that I’ve called for in this campaign right away?” Obama said. “Probably not. I think we’re going to have to phase it in. And a lot of it’s going to depend on what our tax revenues look like.”
OK, he said it! Game Over! A big reason the Obamatons want BHO is they think they are going to get free everything. Well the party is over and all we have left is a big S–T sandwich – want a bite?
What is needed is a national reform agenda. McCain & Palin are the only ones who will do it. States will have to scramble to find their own money. Hey how about looking for oil? It has worked for Texas & Alaska.