Dan Kennedy

Twice in the past week or so President Obama has insisted that his $780 billion-and-then-some stimulus package is working “as intended” and “as anticipated.”

Apologists and defenders in his administration and in the media scurried to give him cover on this. Were it not for the stimulus, they insisted, things would be even worse. Since no one can point out any way in which it’s made things better, that’s the only argument they have. I can only imagine if an unpopular-with-the-media Republican (pardon the redundancy) was presiding over this mounting mess and claiming he’d intended it.

His words were very carefully chosen, so we should assume he meant them. It seems to me that leaves open only four possible conclusions, and I’m very curious which of the four those who voted for the President are willing to own. So please forward this column to any Obama supporters you know.

Option #1: He’s an ignoramus or a lunatic. Massive and still climbing unemployment, a deepening credit freeze, an impending commercial real estate crash that will bring banks to their knees a second time (CIT is the precursor), small businesses slashing jobs or closing altogether at blinding speed … if any of this was anticipated, he’d have to be a moron or a loon to proceed with his plans.

Option #2: He's a liar. He's back-pedaling now, claiming his was a 2-year plan all along, but that's not how he sold it. He was either lying then or he's lying now. Personally, I wouldn't want to be claiming I intended to create trillions of new deficits and debts, take over entire companies, create a gang of czars to usurp federal agencies' and Congress' power and be well on my way to doubling unemployment. His other choice is to admit he lied like a dog when selling this spending spree and power grab.

Option #3: He's up to something very, very sinister: actually intending all this destruction and devastation and more, as means of grabbing more and more control of more and more of the economy, drying up all private capital and killing as many private sector jobs as possible, in order to make virtually every citizen and every business dependent on the government. If this is his game plan, the he does have the right to sit there and smugly insisted everything's going according to plan. And I guess he is to be congratulated by ... somebody.

Option #4: Some combination of some or all of the above.

Whichever option is true, it’s inarguable he’s dangerous.


Dan Kennedy

Dan Kennedy is a serial entrepreneur and contributor to the Business & Media Institute.