The president speaking before a republican retreat in Baltimore said "I am not an ideologue." Au contraire. He had his opportunity to prove that he wasn't and he demonstrated that he was. When Scott Brown was elected in Massachusetts taking away the dems 60 vote majority in the senate, most politicians would have changed course. This is especially true given the results in New Jersey and Virginia. Most politicians would have seen the light, moderated their course and reached out to the other party. However an ideologue would have blindly ignored all the signs and charged along the same path. The president chose the latter course. He went before the democrats in congress and said that he was still going to push for health care and for cap and trade. His budget is shamelessly reckless. He went before the nation and said "It is time to save what we can, spend what we must and live within our means once again." Then he gave us a budget that blows the top off the economy with its $3.8 trillion in spending and $2 trillion in new taxes and a $1.6 trillion deficit. He must think we are all fools to embrace this irresponsible budget. If the president had any credibility left he lost it with this budget.
Harold A. Black is professor emeritus in the Department of Finance, University of Tennessee, Knoxville having retired after 24 years of service. He has served on the faculties of American University, Howard University, the University of North Carolina - Chapel Hill and the University of Florida. His government service includes the Office of the Comptroller of the Currency and as a Board Member of the National Credit Union Administration. He also has served on the boards of directors Home Savings of America and its parent company, H. F. Ahmanson & Co., Irwindale, California prior to its merger with Washington Mutual Savings Bank, on the board of New Century Financial Corporation, Irvine, California, then the nation’s largest real estate investment trust and as director and later chairman of the Nashville Branch of the Federal Reserve Bank of Atlanta. He writes an occasional article for the Knoxville News-Sentinel at http://www.knoxnews.com/staff/dr-harold-black/. His web page is haroldablackphd.com