I don't know why more people didn't outright ridicule this juvenile idea at the time. If not already, at what point will he have forfeited the privilege of being taken seriously about the economy? At a time when almost every thinking American was becoming increasingly horrified at the national debt, Obama was proposing that we increase it substantially more in pursuit of policies that had already failed. He never provided any glimpse into the bizarre thought process that had led him to believe that $50 billion could jump-start an economy when 16 times that amount had not.
In the past year, since Obama attempted that preposterous Stimulus II, the people have made it even clearer how opposed they are to his reckless Keynesian schemes, but he refuses to hear them. Just as with Obamacare, he has no intention of deviating from his programmed course. His only challenge is to repackage it -- and fool us into buying it in fewer than 54 speeches this time.
That's right. Believe it or not, in between holes, he's crafting a grand September speech, "mapping out a jobs package that he hopes can boost a sluggish economy and win over voters who are coming to doubt his leadership," according to the Los Angeles Times.
He's not about to propose that the government, to stimulate growth, relax its stranglehold on the private sector by loosening onerous regulations, easing the tax burden, and drastically reducing spending. Those do not compute.
He's going to propose -- in a different, perhaps more deceptive, form -- the same blueprint: government spending of borrowed money to "stimulate" growth. And he'll ratchet up his attack on Republicans, blaming them, along with his predecessor, for obstructing his ingenious reforms. To make his case, he will have to revise history to distort the fact that he had supermajorities in Congress long enough to get his way on the omnibus bill, the stimulus package and Obamacare and that they've all greatly exacerbated our financial crisis.
Obama's puerile predictability is pathetic, but even more so, it's tragic. If only there were a way to reprogram this robot.