But, it wasn't just the fact that the President actually thinks another stimulus will work (I mean, how is the first stimulus working out so far?). It was that Obama used the speech to attack and blame his Republican counterparts.
Obama stated: "We were forced to take those steps [to jump-start the economy] largely without the help of an opposition party which, unfortunately, after having presided over the decision-making that had led to the crisis, decided to hand it over to others to solve," Obama said, starting his address with a history lesson on the roots of the recession."
The problem with Obama's assertions center on one major point: the President urged former President George W. Bush and Congress to pass the Toxic Asset Relief Program (TARP). He actually signed on to TARP himself when he was a senator.
Per the FOX News article, the President went on to say that the crisis was caused not just by economic weakness but the "weakness in our political system" -- one corroded by the "bitterness of partisanship," and the "endless campaigns focused on scoring points instead of meeting our common challenges."
Republicans slammed Obama for dipping into the federal piggy bank once again to finance a jobs program that might or might not work:
"This is stimulus two. They won't call it a stimulus," House Minority Leader John Boehner, R-Ohio, said.
"The policy of this administration is if you've got it, spend it," said House Republican Conference Chairman Mike Pence, R-Ind.
In my opinion, the Obama administration is desperate. Nothing they are doing is working. Stimulus #1 has done anything BUT stimulate. The speeches the President gives, along with the constant campaigning, have only led to a lower approval rating (one that is only 1% higher than Sarah Palin's).
They need another victory other than "Cash for Clunkers." Whether they even would consider that a victory, I'm not sure.
What the President fails to realize time and time again (whether out of arrogance or complete ineptitude) is that ANOTHER stimulus will NOT work. If you want to really help jobs (which I honestly believe this President does not), offer tax cuts to small businesses.
I'm sure I don't need to tell you that small business are the backbone of the United States. Between 60% to 80% of all new jobs over the past decade have come from small businesses.
Give tax cuts to small businesses...so they can create new jobs...since over 60% of all new jobs have come from small businesses over the past 10, 11 years.
Sounds like a common sense approach to me. But, that would be asking too much of this administration.
(Article Source: FOX News; Picture Source: Brookings Institution)
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