Dicey Obamism

Michael Ramirez. Our split personality president, dicey Obamism. Next up--our blue period. Blue state blues, blue country blues, unless we stop this madness in its tracks. James Pethokoukis, Barack Obama's Irrational Exuberance. CNBC: NY Manufacturing Index Hits Record Low. CNN: Unemployment is Americans' Top Economic Concern. Moderate Dems are worried about the huge debt with little to show:

Dissident Democrats won't say yet where they would cut; the Blue Dogs hope to have their own budget blueprint out this week. It's expected to tackle an even thornier problem: Debt

"Democratic witnesses, Republican witnesses, some of the finest economic minds in this country and indeed the world come before this committee day after day, warning us of the danger of a buildup of debt," Conrad said, "and I believe it."

Treasury Secretary Timothy Geithner said at a committee hearing that the administration's program will force tough choices on spending, and will cut deficits in half within five years.

Many Democrats were skeptical. Sen. Evan Bayh, D-Ind., who opposed the fiscal 2009 spending bill, sees little appetite for fiscal sacrifice from the administration. If the government simply continued to spend at 2008 levels, he said, it would have saved about $250 billion in just seven months.

"That's more than one-third of all the money we're being asked to reform the entire health care system in this country," Bayh argued.

The GOP is working on an alternative plan. Transcript of MTP with Rep. Eric Cantor. Video clip:

P.S. Our President Barack Obama back on the fundraising trail. Is this the right priority for the country right now Mr. President? Jim Cramer wants his six-figure Dem donations back:

--will there be more irate Dem donors whose nest eggs have been crushed?

More: Front page Chicago Tribune, 2009 college grads face 'nightmare'.