This year the word ‘budget’ struck fear into the hearts of members of the Conservative Party because of the increases they believe are necessary but foresaw the rest of the country resenting. For Conservatives, this week has been one of persistent confusion, ever since the 2012 budget people here have been discussing pasties and static caravans extensively (being from the West Country where tourism is a lifeline) and Mr Osborne’s announcements last week were gratefully received, but should we be concerned about the amount of U-turns the Conservative Party are having to make?
Cat on a Hot Tin Roof: why the tangled web of Mitt’s mendacity has complicated his path to the Presidency
Barack Obama certainly looks to have a tough job on his hands getting re-elected. Quite apart from seeking to transform America into that living hell we all know to be European social democracy, the President has shrunk the US military and, perhaps most importantly, doubled America’s budget deficit from the $1.3 trillion figure he inherited in 2009.
At least that’s what Republican frontrunner Mitt Romney would have you believe. An underwhelming Super Tuesday all but confirmed Romney as the party’s nominee, though a pair of third place finishes behind Newt Gingrich and winner Rick Santorum in the South on Tuesday night complicate things somewhat . Yet this further elevation to his political status has seemingly done little to assuage Romney’s propensity for what can only be termed lies. Read the rest of this entry
“We don’t begrudge success in America,” Mr. Obama said. But, he added, “We do expect everybody to do their fair share, so that everybody has opportunity, not just some.”
Hardly controversial stuff; or so you’d think. On Monday President Obama announced his budget for the 2013 fiscal year and along with it large swathes of his manifesto for re-election. In a campaign that is likely to be defined by economic issues, this budget was always destined to be political in nature. Yet, opponents have still found it within them to express commendable faux-outrage.
The words of leading anti-tax campaigner Grover Norquist were indicative of the criticisms Obama faced. He claimed “this is not an economic document, it’s not a policy document, it’s a political document”. Of course, it goes without saying that a budget is, at least in the most literal sense, an economic document. Yet the measures announced by Obama are in some parts so lacking in excitement and originality that they will do little to change the economic course already set, and in others so flagrantly partisan that they have no chance of being passed. So in truth, the budget will have a minimal economic impact at best. Read the rest of this entry