Obama Adviser: Hey, How About A Another Useless Stimulus?
You have got to be kidding me:
The U.S. should consider drafting a second stimulus package focusing on infrastructure projects because the $787 billion approved in February was “a bit too small,” said Laura Tyson, an outside adviser to President Barack Obama.
The current plan “will have a positive effect, but the real economy is a sicker patient,” Tyson said in a speech in Singapore today. The package will have a more pronounced impact in the third and fourth quarters, she added, stressing that she was speaking for herself and not the administration.
Since it has been said that insanity is repeating the same behavior but expecting different results, it’s pretty safe to call these people insane. The stimulus cost Americans tremendously. The children of those who elected Obama last year will suffer financially for decades. And what do Obama’s advisers tell him to do? Right, to throw even more money away.
All the while he continues to pretend he’s a ‘moderate’ and pragmatist. Pathetic.
And Obama?
Obama said last month that a second package isn’t needed yet, though he expects the jobless rate will exceed 10 percent this year. When Obama signed the first stimulus bill in February, his chief economic advisers forecast it would help hold the rate below 8 percent.
Note that very important word, just before the comma: “yet.” Another stimulus package isn’t needed yet. That’s political speak for “but you can expect it later.” In other words, if the first stimulus package does not work – and it will not – Obama will argue that the problem was that it was not big and expensive enough.
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Only in Washington DC could the failure of a program be used as justification for repeating it.
This is the Democrats weighting the consequences of a huge deficit as opposed to job losses. They are now starting to sweat as 2010 comes closer and closer to reality.
People always vote with their pocketbook.
I have been giving the nation debt a serious rethinking. Why is it that Americans just don’t seem all that upset with deficits while the rest of the world seems to go into a tizzy over deficits?
Conclusion…Americans live up to their eyeballs in personal debt and its just the way it is. Its the way of life. Its how things should be.
Thus perhaps these huge deficits are just not important to Americans. The problem is that the USA cant really file bankruptcy. They just have to keep paying their bills and to do that they do things like cap and trade and raise taxes and now they are pushing the idea of a national VAT.
We just dont care. So spending another trillion is for the average American like going to the furniture store and putting another 1000 on the credit card when you already cant pay your bills BUT you have a line of credit open.
Its stupid but hey…..its the American Way. *8* years of Obama with a democratic controlled congress might net us 20 trillion in new deficits and the people will say……alright!! as long as gays can marry, Abortion is paid for and Health care is free for the poor.
And the people said Amen Comrade.