The vaunted Obama economic stimulus, at $862 billion, has failed. The “progressives” want to double down, and were they to have their way, would have pushed for a bigger stimulus still. But the American people are in open rebellion against an economic strategy of public debt, higher taxes and unending deficits. We’re not all Keynesians, it turns out. The panic that propelled Mr. Obama to the presidency has waned. There is deep concern, to be sure. But the Obama strategy has lost the consent of the governed.
Mr. Obama could protest that his swift and sudden fall from grace is no fault of his. He had been a blank slate, and the devotees had projected onto him their hopes and dreams. His victory had not been the triumph of policies he had enunciated in great detail. He had never run anything in his entire life. He had a scant public record, but oddly this worked to his advantage. If he was going to begin the world anew, it was better that he knew little about the machinery of government.
He pronounced on the American condition with stark, unalloyed confidence. He had little if any regard for precedents. He could be forgiven the thought that America’s faith in economic freedom had given way and that he had the popular writ to move the nation toward a super-regulated command economy. An “economic emergency” was upon us, and this would be the New New Deal.
Read the whole thing.
As the nation “recovers its poise”, perhaps it’s useful to point out that Obama wasn’t elected without a lot of help from the MSM.
Ace has the latest example of that: Hmmm: Lefty Blogger Claims Obama Campaign Told Him To Do “Dirty Work” In 2008 and He Did It
Joe and I are upset with Obama, and we, for example, raised nearly $43,000 for the man, According to the White House, our money now doesn’t count. Great, would they like to give it back? I for one, would love the $1000 back that I personally donated to the Obama campaign. Joe gave even more. I suspect a lot of our readers wouldn’t mind their contributions back too, since apparently they’re not appreciated.
Then there’s all that work we did for the campaign, all the dirty work they asked us to do – and we did it, gladly, and quietly – none of that counted either, apparently.
Ace digs for more dirt and finds some: Dirty Work If You Can Get It: Wading Into Americablog’s Prior Service In the Employ of Obama, Inc.