Today’s AOL Hot Seat poll measures the credibility Barack Obama gains with his massive budget cuts of $100 million, or 0.0029% of the total budget. Is he now the next Ronald Reagan, or the next Ronald McDonald? You decide!
Update: The AP channels Greg Mankiw in scoffing at Obama’s effort (via Instapundit):
Cut a latte or two out of your annual budget and you’ve just done as much belt-tightening as President Barack Obama asked of his Cabinet on Monday.
The thrifty measures Obama ordered for federal agencies are the equivalent of asking a family that spends $60,000 in a year to save $6.
Obama made his push for frugality the subject of his first Cabinet meeting, ensuring it would command the capital’s attention. It also set off outbursts of mental math and scribbled calculations as political friend and foe tried to figure out its impact.
The bottom line: Not much.
Third Base Politics says that Obama must have watched the movie Dave recently. At least Dave tried saving $650 million, and without spending more than four trillion dollars first.
Update II: The poll question is mine — I participate in the AOL Hot Seat program. I wanted to see how many HopeyChangeyUnicorny types were still left. Apparently, at 4:51 CT, about 24%. Hilarious!
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