Articles

The President Moves the Economic Goalposts

July 15, 2009

So what's a president to do when the promises he made about his economic stimulus program fail to materialize? If you're Barack Obama, you redefine your goals and act as if America won't remember what you said originally. That's a neat trick if you can get away with it, but Mr. Obama won't. His words are a matter of public record and he will be held to them.

When it came to the stimulus package, the president and his administration promised, in the words of National Economic Director Larry Summers, "You'll see the effects begin almost immediately." Now it's clear that those promised jobs and growth haven't materialized.

So Mr. Obama is attempting to lower expectations retroactively, saying in an op-ed in Sunday's Washington Post that his stimulus "was, from the start, a two-year program." That is misleading. Mr. Obama never said if his stimulus were passed things might still get significantly worse in the following year.

FULL ARTICLE: http://online.wsj.com/article/SB124770231103148561.html

Related Article

84a3030075b3ef626c823c5d82ea9c85
October 18, 2018 |
Article
Justice Brett Kavanaugh’s confirmation hearings jolted Republican enthusiasm. The July 22 NPR/PBS News House/Marist poll, for example, found that 78% of Democrats and only 68% of Republicans considered this midterm “very important.”  ...
A476b40d267cfc263ad453234f86b0c4
October 11, 2018 |
Article
Many Republicans celebrated Justice Brett Kavanaugh’s swearing-in Monday as the end of a bitter confirmation battle. But the game isn’t over.  ...
Cf217cbc355dc10f4f3e9dfb577b39ab
October 04, 2018 |
Article
Following last week’s extraordinary testimony by Prof. Christine Blasey Ford and Judge Brett Kavanaugh, public attitudes are split and malleable.   ...
1d050a8f3afb58449cbeb2570b2e4943
September 27, 2018 |
Article
Thursday will be an immensely consequential day for America. As of this writing, Christine Blasey Ford is scheduled to appear in the morning before the Senate Judiciary Committee, followed by Judge Brett Kavanaugh.  ...
Button karlsbooks
Button readinglist
Button nextapperance