As news began to trickle down to us common folks that the stimulus money was doing basically nothing to slow down the decent of the American economy, it was mostly conservatives who began to call President Obama out on it. In the meantime, the Obama fan base kept trying to paint the picture that critics were being too unrealistic with their timetable on the actions of our new President.
Today, Obama just announced that he intends on “speeding up” stimulus spending due to the constant deteriorating conditions of the economy.
From The Washington Post
“President Obama and Vice President Biden today announced a new “roadmap to recovery” intended to speed up stimulus spending and rebut the perception that the $787 billion stimulus package is not yet having much of a job-creating impact, given the 9.4 percent unemployment rate.”
Already, we are looking at a new “roadmap to recovery”.
You only swap out roadmaps when the one you have is outdated or inaccurate.
Bottom line?
A. The initial stimulus spending did not work.
B. By speeding up stimulus spending, he is squashing the “unrealistic timetable argument” put out there feverishly by his supporters.
C. It is no coincidence that he made this announcement right after the Labor Department released its figures showing unemployment at 9.4 percent.
As I said before, massive spending on government will do NOTHING for those of us who work in the private sector.
This is what Obama’s own economists predicted (h/t: Innocent Bystanders)
Here is a link (pdf) to their full wishful thinking report on how the stimulus package was going to lower the unemployment rate.
So who set the bar of expectancy for the stimulus bill?
President Barack Obama.
When will his fan base hold him to this?
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