President Barack Obama called for a second stimulus package during his Thursday night address to a joint session of Congress. That sounds like a dog-bites-man story — an unremarkable request from a president wedded to liberal theories that encourage government intervention in the economy. But in context, this request was truly extraordinary.
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Having seen the early reports on the jobs package that President Barack Obama is expected to propose tonight in his speech before a joint session of Congress, it appears as if the chief executive will propose a $300 billion stimulus package, consisting almost entirely of familiar elements first seen in February 2009 with his $859 billion stimulus package. That program was supposed to reduce unemployment to below 8 percent.
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President Barack Obama recently joked, in reference to the make-work projects in his failed $821 billion economic stimulus package, that “shovel-ready was not as shovel-ready as we expected.”The comment revealed that his administration’s ignoring of the real-world effects of its actions, in some cases deliberately, is a problem that starts at the top.
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Hoo boy, E.J. Dionne, the effervescent liberal optimist at The Washington Post, has pronounced it odd that opponents of President Obama's bailout of General Motors have not fallen to their knees and begged forgiveness for their opposition to the rescue of the United Auto Workers.
But let's let E.J. speak for himself. Here's how he put it in that Sunday column:
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In the Illinois legislature state Sen. Barack Obama voted "present" 129 times. Today he seems to be voting present on two major issues, Libya and the budget. National Security Adviser Tom Donilon told reporters Thursday that the United States and other nations have "taken a range of steps . . .
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If a motto summed up the Obama presidency, it might be, “Life is short. Eat dessert first.” His policies are all about self-indulgence in the present, to be paid for with either long-run economic decline, or painful sacrifices by future generations.
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Recovery.gov, the Obama administration’s supposedly transparent attempt to let citizens know how every dollar of the $787 billion stimulus package was spent, is turning out to be a lot more comic fiction than fact.
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