Wednesday, July 22, 2009

They Squandered $787B on a Bogus Stimulus, But Trust the Dems on Healthcare!

Robert J. Samuelson - President Obama, Democratic Congress's Squandered Stimulus: "It's not surprising that the much-ballyhooed 'economic stimulus' hasn't done much stimulating. President Obama and his aides argue that it's too early to expect startling results. They have a point. A $14 trillion economy won't revive in a nanosecond. But the defects of the $787 billion package go deeper and won't be cured by time. The program crafted by Obama and the Democratic Congress wasn't engineered to maximize its economic impact. It was mostly a political exercise, designed to claim credit for any recovery, shower benefits on favored constituencies and signal support for fashionable causes.

As a result, much of the stimulus's potential benefit has been squandered."


I think one of the main reasons the Obama train is hitting the skids is because a majority of Americans know that the they were suckered by the Democrats on the Porkulus. Trust in the Dems and Obama is deeply eroded.



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