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Wednesday, February 11, 2009

Obama Change??

"President Obama has started to play the 'catastrophe' card to sell his economic stimulus plan, using [last week's] terrible January jobs report to predict doom unless Congress acts. ...[T]he tragedy of this first great effort of the Obama Presidency is what a lost opportunity it is. ... The stage was ... set for the popular President to forge a bipartisan consensus that combined ideas from both parties. A major cut in the corporate tax favored by Republicans could have been added to Democratic public works spending for a quick political triumph that might have done at least some economic good. Instead, Mr. Obama chose to let House Democrats write the bill, and they did what comes naturally: They cleaned out their intellectual cupboards and wrote a bill that is 90% social policy, and 10% economic policy. ... So there it is: Mr. Obama is now endorsing a sort of reductionist Keynesianism that argues that any government spending is an economic stimulus." --The Wall Street Journal

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Obama is not change....He is brought and paid for.

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