Obama Admits That He's Wasted Our Money
And yet, he wants to raise taxes regardless.
In a recent New York Times profile piece, President Obama confessed that his economic policy is based on a false premise. And yet, he shows no signs of wanting to change course on that policy. Linda Chavez, over at the Washington Examiner, clues us in (h/t Duane Oyen):
President Obama has finally admitted that a core premise of his nearly trillion-dollar stimulus package was false. In an interview this week with The New York Times' Peter Baker, the president acknowledged that "there's no such thing as shovel-ready projects," despite the president's near-constant invocation of the term over a two-year period to explain how government spending was going to create jobs.
The president's admission is no minor matter; it goes to the heart of why his economic policies have been such a failure....
So when Obama finally realizes there's no such thing as a shovel-ready project, he's admitting he's wasted our money -- billions of dollars -- not his own. But his only answer is to raise taxes so he can spend yet more. It's the kind of thinking that dooms his presidency and our economy.
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Aug '10
Re: Obama Admits That He's Wasted Our Money
Add to that Obama's recent video denouncing bullying.
http://edition.cnn.com/2010/POLITICS/10/22/obama.bullying/
He's the pre-eminent bully in the country.
Bullying is Obama's specialty; the "Chicago way"; Rahm Emanuel's delight; the sum total of their political and managerial skills. Their own words and deeds indict and convict them.
"Hypocrisy is the tribute vice pays to virtue" - Matthew Arnold
May '10
Re: Obama Admits That He's Wasted Our Money
Not only that, but David Brooks revealed that Obama knew it at the time he was pushig the fraudulent, bankrupting Stimulus (as noted in my Ricochet Facebook post, still on the front page!)
That goes beyond fecklessness into serious ill intent. Impeachment is never a good political move, but Dear Lord, this would rise to such a level. How long will it take us to pay back the money he shelled out to his campaign supporters?
May '10
Re: Obama Admits That He's Wasted Our Money
Emily Esfahani Smith, Ed. : In a recent New York Times profile piece, President Obama confessed that his economic policy is based on a false premise.
This wasn't a confession that his policy is based on a false premise; it was the Obama equivalent of an apology (eg. an off-hand comment about how, shucks, he was wrong the 900 times he said it) for being wrong about how quickly the stimulus would work.
To the president and his supporters, it's not that the stimulus didn't work - just that it hasn't worked yet, and never will if the Republicans go and ruin everything.