Is Obama Being Too Careful on Iran?President Obama seemed flustered during a press conference on Tuesday, when a reporter asked him about his position on the Iranian election and the subsequent protests and riots that have taken place there over the past few days.
While Obama said that he denounces violence and the suppression of peaceful protest, he also said that he was concerned about being perceived as "meddling" in Iran's affairs. This is, of course, the politic position to take, but in a case like this -- in which people are being bludgeoned on the streets, and the future of the world seems to be in the balance -- I wonder if equivocating as Obama is on this issue might only make matters worse.
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As part of the 2010 budget proposal, the Obama administration has proposed additional measures to attempt to stabilize the economy, including a $2–3 trillion measure aimed at stabilizing the financial system and freeing up credit. The program includes up to $1 trillion to buy toxic bank assets, an additional $1 trillion to expand a federal consumer payday loans program, and the $350 billion left in the Troubled Assets Relief Program. The plan also includes $50 billion to slow the wave of mortgage foreclosures. Auditors from the Congressional Budget Office have said that Obama's budget would produce $9.3 trillion in deficits over the next decade.