If you missed the president’s address to the joint session of congress last night, here’s the short version. He wants to spend a half trillion dollars more, ostensibly believing that what didn’t work the last time, and the time before that, will work this time. To build roads, bridges, and infrastructure.
Is the country suffering from amnesia? That’s what the first $785 billion so-called stimulus bill was supposed to have been used for. And it wasn’t. And we are just supposed to ignore the failure of his plan and the fraud that it was?
What President Obama’s problem is, well, aside from not having a clue about capitalism and free-market economics, is that he is a victim of FDR syndrome. His only plan is to spend money on temporary make-work projects (remember that shovel-ready pitch?) while waiting for the economy to rebound. Recovering from the worst economy since the Great Depression is a “slow process,” the president said. Like the WPA, the economy would improve faster if the president would just get government out of the way. It’s like the WPA version 2.0.