“It employs sleight-of-hand accounting”

The AP, if I might use a word that has become quite popular, unexpectedly takes apart last night’s speech by the Prevaricator-in-chief:

ObamaSpeechPresident Barack Obama’s promise Thursday that everything in his jobs plan will be paid for rests on highly iffy propositions.

It will only be paid for if a committee he can’t control does his bidding, if Congress puts that into law and if leaders in the future – the ones who will feel the fiscal pinch of his proposals – don’t roll it back.

Underscoring the gravity of the nation’s high employment rate, Obama chose a joint session of Congress, normally reserved for a State of the Union speech, to lay out his proposals. But if the moment was extraordinary, the plan he presented was conventional Washington rhetoric in one respect: It employs sleight-of-hand accounting.

Read it all.  

Joan Lowy, the reporter listed as the piece’s major contributor, will likely be suffering the wrath of her peers in the press for her objectivity.  Hope her resume’s up to date.

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