Wednesday, February 04, 2009

 

It's different when this President does it

That was then:

"Jumpstart the Economy

Provide $50 billion to Jumpstart the Economy and Prevent 1 Million Americans from Losing Their Jobs: This relief would include a $25 billion State Growth Fund to prevent state and local cuts in health, education, housing, and heating assistance or counterproductive increases in property taxes, tolls or fees. The Obama-Biden relief plan will also include $25 billion in a Jobs and Growth Fund to prevent cutbacks in road and bridge maintenance and fund school re­pair - all to save more than 1 million jobs in danger of being cut." Barack Obama and Joe Biden: The Change We Need Economy

This is now:

Obama Defends Stimulus in Effort to Get Bill Through Congress

“Obama urged Congress to act quickly on the stimulus package, which has come under attack from Senate Republicans and some Democrats alarmed by its roughly $900 billion price tag….Saying he feels "a sense of urgency" about the plan to save or create more than 3 million jobs…”

So, for an additional $850 billion, the President now thinks he can save – not create – an additional 2 million jobs – jobs that somehow were once created without such a stimulus.

…and do you think he is talking to me?

“Apparently referring to Republican foes of the stimulus plan, Obama said recent criticisms of it "echo the very same failed economic theories that led us into this crisis in the first place…”

For the past 8 years, the Left has criticized the so-called “tax cuts for the rich” and the Right has been critical of the massive deficit spending. The Obama Plan promises tax cuts and massive deficit spending so I’m not really sure where he is going with all of that unless he really means this:

“...the notion that tax cuts alone will solve all our problems, that we can ignore fundamental challenges like energy independence and the high cost of health care, that we can somehow deal with this in a piecemeal fashion and still expect our economy and our country to thrive."

Yeah – if only President Bush had mandated a few more windmills and imposed price controls on health care to go along with his tax cuts…

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