Friday’s Overlooked News

The Obama administration has become adept at something other administrations have done, but this administration has taken it from amateur status to expert: waiting until Friday evening, when few are paying attention, to dump all the bad news of the week—bad, that is, for the administration. Under Obama, this has evolved almost into an art form. What am I talking about? Well, here’s what transpired late last Friday:

  1. The long-term care insurance portion of Obamacare was quietly dropped. Forced to face reality about the financial unsustainability of the plan, HHS will now pretend it never existed. All along, we were told this plan would save money; it was an illusion from the start. The illusion finally was shattered.
  2. The Treasury Department reported the second-highest annual deficit in U.S. history. The budget year ended in September. The sad truth? We ran a $1.3 trillion-dollar deficit for the last year. That’s second only to 2009. Let’s see, who was president way back then? Oh, yeah. For the record, that makes three years in a row with a deficit more than $1 trillion.
  3. George Kaiser, a billionaire who was one of Obama’s staunchest contributors and a major Solyndra investor, paid practically zero taxes over the last decade. Now, tell me again about those evil Republican who make too much money and don’t pay enough taxes? Obama may talk class warfare for political gain, but he relies heavily on millionaires and billionaires like Kaiser and Warren Buffet to raise money for him personally. And all that anti-Wall Street talk going around through the Occupy “movement”? Are those protesters really aware of how dependent on Wall Street the Democrat party is, and how avidly Wall Streeters have contributed to the Democrat coffers?
  4. More on Solyndra. The House Oversight Committee seeking more information on the foolish loan to the bankrupt solar power company is being stonewalled by the White House. No information that can be gathered from the president’s e-mail will be sent to Congress. While I understand the separation of powers argument, Congress does have oversight responsibility for how money from that ill-advised stimulus bill was spent.

Some of this is politics as usual, but this administration said it would be the most transparent, most ethical administration in American history. When you try your best to hide bad news and refuse to cooperate with a legitimate congressional investigation, that doesn’t pass the laugh test.

And I haven’t even mentioned the continuing saga of Fast and Furious. I think I’ll say more about that one tomorrow.