"Not letting a good crisis go to waste."
This idea popped up multiple times in the past seven days as multiple members of Obama's administration seemed to be in total agreement. Their conclusion: by not quickly solving the crisis of the American economy, we can create drastic social and structural change. Not surprisingly, this is the path even President Obama alluded to in his Saturday address to the nation.
On Saturday the President challenged his country to see its hard times as a chance to "discover great opportunity in the midst of great crisis."
"That is what we can do and must do today. And I am absolutely confident that is what we will do," Obama said in his address.
But is that what "we the people" hired him to do? To use "great opportunities" to change the face and fabric of the nation?
"We the People" were promised swift and effective action towards getting the markets repaired by President Obama, but they have dropped about 1400 points each week since he's taken power. "We the People" were promised greater fiscal responsibility by candidate Obama, yet his own proposals throw us down a black hole of debt, the likes of which we've never seen in a single year of an administration, much less in the first sixty days of one. "We the People" were promised the greatest commitment ever to oversight of the federal use of the money we send the government. What we've been handed is a series of embarrassing nominations of people who are willing to use the force of a gun to make you pay your taxes, but did not think twice about not paying theirs. "We the People" were told that his push for a stimulus would get people working again, yet barely 3% of it goes to actual job creation and projects that can even be initiated in the next 24 months. "We the People" were promised greater employment fulfillment and more vibrant business and economic outlooks when Obama's administration finally put together their plan to save the lending institutions. What we are dealing with is a greater spike in the unemployment numbers in Obama's first sixty days than was experienced under President Bush in his first seven years. "We the People" were promised an earmark free, pork free, bare bones budget, but as of last count Obama's omnibus bill contained 9200 earmarks.
So I don't find it surprising that recently even Obama supporters are now openly questioning his plan to revive the economy.
As of last month, we know that more than 55% of the American people wanted help for the economy to come primarily through the reduction of taxes. The same poll found that only a little over 20% think more government spending was the answer.