They both come to us in this Blomberg story.
He's President Obama, the sound, careful steward on the nation's purse strings who looks to the future and thinks about what’s best for America:
President Barack Obama, calling current deficit spending “unsustainable,” warned of skyrocketing interest rates for consumers if the U.S. continues to finance government by borrowing from other countries.That all sounds great. I like what Obama #1 says.
“We can’t keep on just borrowing from China,” Obama said at a town-hall meeting in Rio Rancho, New Mexico, outside Albuquerque. “We have to pay interest on that debt, and that means we are mortgaging our children’s future with more and more debt.”
Holders of U.S. debt will eventually “get tired” of buying it, causing interest rates on everything from auto loans to home mortgages to increase, Obama said. “It will have a dampening effect on our economy.”
But just read further in the same Blomberg story and you meet Obama #2.
In his New Mexico appearance, the president pledged to work with Congress to shore up entitlement programs such as Social Security and Medicare. He also said he was confident that the House and Senate would pass health-care overhaul bills by August. [ Liberals & leftists at Blomberg use “overhaul” for a proposal honest, informed people know will cost trillions the government doesn’t have. “News reporting” in America! - - JinC ]How do you drive down health care costs by expanding the involvement government already has of health care?
“Most of what is driving us into debt is health care, so we have to drive down costs,” he said.
What Obama is really proposing is government run health care on the model some European countries use. But those governments have had no more success maintaining high quality, affordable health care than our government's had at putting an end to the bloated and growing farm subsidy programs first put in place during the Great Depression as a temporary measure to "save the family farm."
We're talking now about Obama #2, the President whose running up record deficits and still seeks to expand government spending with huge portions of it directed to powerful interest groups that help elect him.
Obama #1 is all talk. That's unfortunate.
Obama # 2 is all action. That's bad for America.
The entire Blomberg story's here.