Massachusetts: The Morning After

One of the more interesting moments during last night’s Massachusetts’ special election to fill Ted Kennedy’s Senate seat was that Barney Frank’s 4th Congressional District went for Scott Brown. Perhaps that is what prompted the irascible liberal congressman to issue this statement last night:

“I have two reactions to the election in Massachusetts. One, I am disappointed. Two, I feel strongly that the Democratic majority in Congress must respect the process and make no effort to bypass the electoral results. If Martha Coakley had won, I believe we could have worked out a reasonable compromise between the House and Senate health care bills. But since Scott Brown has won and the Republicans now have 41 votes in the Senate, that approach is no longer appropriate.

One prominent liberal blogger characterized Frank’s statement as the “embodiment of fecklessness, resignation, defeatism and just plan folly.” Many on the far left simply won’t face the reality of the last twelve months but their ranks are dwindling. As Kim noted below, there are more than a few Democrats that woke up this morning and suddenly remembered the first rule of holes: put the shovel down. I’m not sure President Obama is capable of recognizing the political danger he is in right now, and if the past year is any indication, his Chief of Staff Rahm Emanuel is neither capable or willing to reach such an understanding. But none of this is news to readers of this blog.

The most interesting piece of news that surfaced today was an interview given to CNBC this morning by one of Barack Obama’s most famous supporters early in the 2008 campaign. As the guys at Clusterstock observed, Warren Buffet was a little cranky this morning as he offered up these observations:

  • He’s befuddled by the bank tax. “I don’t really understand the thinking behind the bank tax.”
  • Why not go after the members of Congress who let Fannie Mae and Freddie Mac fester? (that would be you, Barney)
  • Massachusetts: Definitely a referendum on healthcare on other matters.
  • On stimulus: Could have been done in a way that had more of an immediate impact.
  • Biggest economic concern: a terrorist act.

That Buffett is well known for his non confrontational style and widely admired combination of an avuncular personality joined with a sharp intellect is unquestioned.That said, what he served up this morning was about as hard a smackdown Barack Obama will receive from a benefactor that commands the highest respect at the intersection of economics, business and politics. Buffett layed out the Brown campaign platform in miniature: healthcare, spending, pandering to special interests and national security.

So the question of the day is, will Obama listen to those around him that are sounding a note of caution or will he and his far left fringe continue to sharpen those shovels?

Obama to get tough on tax cheats
The Sad Clown