Tags: Dorfman | Obama | helping | Americans

Economist Dorfman: Obama 'Only Interested in Helping Some Americans'

By    |   Monday, 09 February 2015 03:22 PM

Jeffrey Dorfman, an economist at University of Georgia, is highly critical of the budget proposal President Barack Obama unveiled last week.

The budget shows that Obama "wants to control everyone's behavior using the federal government as both his carrot and stick," Dorfman writes on Real Clear Markets.

"Rather than advancing policies that are good for America, President Obama is only interested in helping some Americans, in rewarding the Americans who behave the way he thinks they should."

It's an exclusionary budget, Dorfman says.

"Only certain people matter, as every proposal only applies to people who make less than a threshold amount, who take actions the government approves of, who behave in ways that the government encourages," he writes.

"Carrots abound if one is willing to do what is required. Sticks are in evidence as well. People doing too well on their own are penalized with high tax rates and the removal of subsidies or tax credits."

But Dorfman needn't worry. With Republicans in control of Congress, very little of what Obama proposed has any chance of becoming law. What Obama did was to send a statement about where he stands and to set an agenda for his party in the 2016 elections.

"This is mostly a political document designed to help Democrats in 2016," Stan Collender, a former Democratic congressional aide and now executive vice president at Qorvis MSL Group, a communications strategy firm, tells Bloomberg.

And Carolyn McClanahan, director of financial planning at Life Planning Partners, tells CNBC, "I used to react to proposals and then realized, heck, most of them never get passed, and the ones that do are usually altered. I've learned with politics, you worry about it when it actually happens."

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Jeffrey Dorfman, an economist at University of Georgia, is highly critical of the budget proposal President Barack Obama unveiled last week. The budget shows that Obama wants to control everyone's behavior using the federal government as both his carrot and stick.
Dorfman, Obama, helping, Americans
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2015-22-09
Monday, 09 February 2015 03:22 PM
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