President Obama today announced that he is stepping down as president until after Election Day so he can focus all his time on campaigning.
“Let’s just forget it,” Obama said in an interview with Barbara Walters. “Nobody’s buying this. I’m already mainly campaigning. This just formalizes the arrangement.”
Obama’s decision to temporarily cede the presidency to Vice President Joseph Biden comes amid criticism that the budget he released today does more for Obama’s political prospects than the country’s economic future.
Obama announced the budget at a rally this morning in Annandale Virginia, using much the same language he does on the campaign trail, as Politico noted.
Obama confirmed to Walters that his campaign had in fact written the budget, and that he had sent the entire staff of the White House Office of Management and Budget on maternity leave back in November.
“The new budget I released today was produced at our campaign headquarters in Chicago by David Axelrod,” Obama told Walters. “He’s is a wizard with numbers, though mostly it’s been with polls. This is the first time he’s tried writing a federal budget. I think he did just great.”
Obama admitted, though, that Axelrod had some trouble with addition while composing the budget.
“We kept tellin’ him, ‘Hey Axe, if you spend more than you take in, it’s not going to add up.’ And he was like, ‘Naww, it works baby!’ and I’m like, ‘You, Axe, are a character!’”
The White House budget would spend $3.79 trillion in 2012 while collecting $2.47 trillion, resulting in a deficit of $1.32 trillion, the fourth year in a row the deficit has exceeded $1 trillion. Obama would do almost nothing to rein in entitlements, the chief driver of the deficit, while raising taxes on the rich.
“Soak the rich! Soak the rich!” Obama yelled to a stunned Barbara Walters, who is very rich. “I mean – damn – I mean, everyone has to do their fair share . . . blew it, sorry.”
Meanwhile, the budget has billions in new spending on priorities that will form the centerpiece of Obama’s campaign, like funding for education and renewable energy – not to mention a $476 billion six-year transportation spending initiative.
Obama blamed Republicans for the deficit. “They’re making me do this. They upset me, and when I’m stressed, I spend. I’m working on it.”
Top White House aides fanned out on TV Sunday to defend the president’s proposal.
“Our strategy for combatting the deficit is to keep right on spending,” said White House Chief of Staff and former OMB Director Jack Lew during an appearance Sunday on Meet the Press. Lew, who appeared to have been drugged, continued, “By continuing to spend trillions more than we can afford and hardly touching entitlements, we can solve all our nation’s fiscal problems.”
Lew than added, “Our strategy for combatting the deficit is to keep right on spending. Our strategy for combatting the deficit is to keep right on spending,” before being led out of the studio by White House political adviser David Plouffe.
Reached in the game room at Washington’s Sproul Naval Observatory, where he resides, Biden appeared thunderstruck by the news he would temporarily assume the president’s duties.
“Wow, I don’t even know where I am half the time. Does anyone have a chocolate bar?”
Meanwhile, Chinese President Hu Jintao expressed satisfaction with the new leverage his country would have over the United States as China increases its lending to fund America’s spending.
“Bark like a dog, USA! Speak! Roll over.”