The Stimulus Bill and Obama

A couple of things today.

1) Watch this.

2) Now tell me if you find Obama acting “tough” or like a “fighter”.

E. J. Dionne did. Per Dionne:

…the new tone reflected the very thing about Obama that has won so much notice: He’s a pragmatist who takes a method and tries it until it no longer works.

Initially, Obama hoped to win broad Republican support for his stimulus package, but most Republicans preferred to bloody up this new, young president. Obama adjusted. If the GOP wanted a fight, he would not back down.

I suppose Obama “hoped” to win the support by “hoping” Pelosi would all of a sudden turn into a reasonable sane person. That’s a lot of “hope” for some serious “change”. And “Republicans preferred to bloody up…” what the hell is that?

Aren’t Republicans just trying to be the voice of reason here?

This is the most sane thing I’ve read on the recession. Entitled “It’s a recession, not a catastrophe”.

Go read the whole thing, but this is how it ends.

The president needs to be a calming voice right now, a source of strength. It’s not helpful for him to be warning of a “catastrophe” and making vague, untenable allusions to the Great Depression.

Recessions have almost always ended within a year or so, long before there was a Federal Reserve or Keynesian theory. Debts have to be worked down and excess inventories sold off so that profits, and therefore stock prices and wealth, can revive.

Such curative processes do not take years, as the president suggests – unless the government does too much foolish tinkering. But recovery will require more perspective and patience than we’ve been seeing from the White House lately, because time really does heal many economic wounds.

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