Tuesday, February 3, 2009
The Song Remains The Same
Is the "stimulus package" a fresh approach to actually growing the economy, or is it just the same old stuff? Here's Newsweek's Bob Samuelson weighing in on the question, "Will Obama's Stimulus Work?":
The decision by Obama and Democratic congressional leaders to load the stimulus with so many partisan projects is politically shrewd and economically suspect. The president's claims of bipartisanship were mostly a sham, as he skillfully maneuvered Republicans into a no-win position: Either support a Democratic program, or oppose it—and seem passive and uncaring.
But in fact, the BAUI is not convinced that the Obama is good politics--the latest Gallup poll calls its popularity into question.
So bad politics AND bad economics? Wow.
Posted by James P. Pinkerton at 7:49 AM