Will Spending Binge Prove Obama Health Care Plan's Undoing?

by Benjamin Domenech on 11:26 am June 26, 2009

Upon closer examination, the early spending binge by the Obama team seems to have been the undoing of healthcare reform. It shifted the responsibility for the economic recovery onto Obama’s shoulders — we were told, after all, its passage would keep unemployment at 8%. But its failure to deliver on this promise and the ongoing economic malaise have made more Americans wary of Obama’s grandiose schemes. There is no track record of competent economic management he can point to in order to assure Americans that his team knows what its doing. But most of all, the resulting fiscal train wreck has made voters and lawmakers in both parties nervous about spending even more money (which we don’t have).

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