Crowd of Fools Cheers Obama; Tweet Irony

From Mish's Global Economic Trend Analysis
January 2, 2013 - 2:55pm

Caroline Baum, one of my favorite Bloomberg columnists has an interesting article today that's worth a read. Please consider Wanted: Middle-Class Tweeters for White House Event. Who were these people, gathered on the afternoon of New Year's Eve to fete the president as a deal to avert the fiscal cliff was hanging in the balance? They were "middle-class Americans" who had tweeted their way to a staged White House event, according to Politico. The crowd gathered at the Eisenhower Executive Office Building on Monday looked fairly young, which makes their cheering even more disconcerting. Don't they understand that the president has done nothing to protect future generations from a crushing debt burden? Nothing about deficit reduction other than to talk about it? Nothing about preserving Medicare other than to demagogue any changes to the program? A president truly interested in the is...

Share this article »  

Continue reading this article »