Out of the Mouths of….Nominees
Erskine Bowles called the inevitable outcome of Obama fiscal policies “the most predictable crisis in history.”
The Bowles-Simpson commission outlined fundamental entitlement reforms. President Obama kicked his commissions’ recommendations in the gutter.
But through it all, the president claimed he supported tax reform. He even claimed to have put out a plan for corporate tax reform – even though it looked awfully thin to the experts’ eyes.
Now we know the truth. There is no plan. And there is no plan to have a plan.
According to Reuters, the the administration is not working on plans to reform the tax code: "We'd be negligent if we weren't doing foundational work ... But at this point there is no plan that has been developed," Mark Mazur, Obama's nominee for Treasury's top tax job, said at a Senate panel hearing on his confirmation. "We'll see how this plays out."
Even more depressing: “Baucus asked whether Obama, if he were re-elected, would have a comprehensive tax overhaul plan. Mazur said, "I can't promise that.”
I can promise you he won’t. In 2008, there were questions about Barack Obama’s ability to lead this nation. After 4 years of watching the President observe events out the rear window from the back seat while both sides of the aisle waited for him to take the nation’s steering wheel, there is no more doubt.
No leadership. No plan. No surprise.