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Obama Proposes Limited Three-Year Spending Freeze: Reactions

Andy Towle January 26, 2010

Visit msnbc.com for breaking news, world news, and news about the economy

Spendingfreeze

Rachel Maddow spoke with Biden's Economic Policy Advisor Jared Bernstein, who went over some of the details in Obama's proposed three-year spending freeze on some programs.

The response has been tepid, if not hostile.

Paul Krugman calls the plan "appalling on every level." Says Krugman: "It's bad long-run fiscal policy, shifting attention away from the essential need to reform health care and focusing on small change instead. And it's a betrayal of everything Obama's supporters thought they were working for. Just like that, Obama has embraced and validated the Republican world-view — and more specifically, he has embraced the policy ideas of the man he defeated in 2008. A correspondent writes, 'I feel like an idiot for supporting this guy.'"

Writes Bob Herbert in the NYT: "Mr. Obama may be personally very appealing, but he has positioned himself all over the political map: the anti-Iraq war candidate who escalated the war in Afghanistan; the opponent of health insurance mandates who made a mandate to buy insurance the centerpiece of his plan; the president who stocked his administration with Wall Street insiders and went to the mat for the banks and big corporations, but who is now trying to present himself as a born-again populist. Mr. Obama is in danger of being perceived as someone whose rhetoric, however skillful, cannot always be trusted. He is creating a credibility gap for himself, and if it widens much more he won't be able to close it."

Says Maddow: "A spending freeze is like trying to put out a fire by pouring gasoline on it."

Watch, AFTER THE JUMP…

Topics: Health, News, World More Posts About: Barack Obama, Barack Obama, News, Rachel Maddow, Rachel Maddow

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