The Washington Post Tell Readers That Obama Doesn't Have Fiscal Credibility (Yes, In Its News Sections)

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Wednesday, 02 March 2011 05:33

In following its practice that there is no division between news and editorial perspective when it comes to budget reporting, The Post (a.k.a. Fox on 15th Street) told readers in a front page news article that:

"Obama, who has overseen an expansion in spending, does not have the fiscal credibility that helped give President Bill Clinton the winning political hand in 1995 and 1996."

One might think that whether or not President Obama has "fiscal credibility" is an assessment that readers should make for themselves. According to the Congressional Budget Office and a wide range of private forecasters, the increase in spending that has taken place on President Obama's watch has boosted growth and prevented the unemployment rate from rising further.

It is bizarre to imply that because he acted to prevent a steeper recession President Obama lacks fiscal credibility. By the Post's logic, President Roosevelt could have established fiscal credibility by cutting the defense budget in half in 1943 in the middle of World War II. While most people might have viewed letting our military lose to the Axis powers in order to balance the budget as close to crazy, the Post no doubt would have applauded such an act of fiscal responsibility. At least it would if it applied the paper's current logic.