Gene Sperling is Susan Rice

Reuters

Director of the National Economic Council, Gene Sperling watches as President Barack Obama (not pictured) introduces Dartmouth College President Jim Yong Kim as his nominee to be the next president of the World Bank, in the Rose Garden of the White House in Washington, March 23, 2012.

Article Highlights

  • Watching Gene Sperling on weekend talk shows spinning the sequester is similar to Susan Rice’s Benghazi spinarama.

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  • The Sperling-Obama line that the sequester is really going to hurt is being openly mocked by the media.

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  • The House will pass a bill this week to avoid a gov. shutdown caused by the 3/27 expiration of the continuing resolution.

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Watching Gene Sperling on all of the weekend talk shows to spin the sequester reminded me of Susan Rice’s Benghazi talk-show spinarama last September. The Sperling-Obama line that the sequester is really going to hurt, just you wait, is being openly mocked today by the liberal media. I’ve just been watching ten minutes of guffawing over sequester hype — complete with video reminders of White House lies coming from the president (pay cuts for Hill custodians), education secretary Arne Duncan (“pink slips” for West Virginia teachers), and transportation secretary Ray LaHood (air-traffic-control closures) — all on the usually White House–friendly Morning Joe. Maybe they feel like they’ve been had. They, and the rest of us, have been played and now the White House is looking as silly as Sperling did in his trio of carefully orchestrated talk-show spin-fests.

The Republicans and John Boehner have regained some of the ground that they lost in the post-election media battle with the president. The House will pass a bill this week to avoid a government shutdown caused by the March 27 expiration of the continuing resolution. The president, who has yet to propose a budget, says he wants to avoid talk of a shutdown. Let’s see if Harry Reid and the Senate Democrats will actually move shutdown-preempting legislation in time to avoid another confidence-shaking fiscal fiasco.

Don’t count on it.

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About the Author

 

John H.
Makin
  • John H. Makin is a resident scholar at the American Enterprise Institute (AEI) where he studies the US economy, monetary policy, financial markets, corporate taxation and banking. He also studies and writes frequently about Japanese, Chinese and European economic issues.

    Makin has served as a consultant to the US Treasury Department, the Congressional Budget Office, and the International Monetary Fund. He spent twenty years on Wall Street as the chief economist, and later as a principal of Caxton Associates a trading and investment firm. Earlier, Makin taught economics at various universities including the University of Virginia. He has also been a scholar at the Bank of Japan, the Federal Reserve Bank of San Francisco, the Federal Bank of Chicago, and the National Bureau of Economic Research. A prolific writer, Makin is the author of numerous books and articles on financial, monetary, and fiscal policy. Makin also writes AEI's monthly Economic Outlook which pairs insightful research with current economic topics.

    Makin received his doctorate and master’s degree in economics from University of Chicago, and bachelor’s degree in economics from Trinity College.


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