The Corner

The one and only.

Obama: If It’s Spending, It’s Stimulus


In his Williamsburg speech, Obama also gave his most concise answer yet to the question of whether the stimulus bill will really stimulate the economy.  His answer: if it’s spending, it’s stimulus.  And if it’s full of earmarks, well, stuff happens:

THE PRESIDENT: Then there’s the argument, well, this is full of pet projects.  When was the last time that we saw a bill of this magnitude move out with no earmarks in it?  Not one.  (Applause.)  And when you start asking, well, what is it exactly that is such a problem that you’re seeing, where’s all this waste and spending?  Well, you know, you want to replace the federal fleet with hybrid cars.  Well, why wouldn’t we want to do that?  (Laughter.) That creates jobs for people who make those cars.  It saves the federal government energy.  It saves the taxpayers energy.  (Applause.)

So then you get the argument, well, this is not a stimulus bill, this is a spending bill.  What do you think a stimulus is?  (Laughter and applause.) That’s the whole point.  No, seriously. (Laughter.)  That’s the point. (Applause.) 


Sign up for free NR e-mails today:

Subscribe to National Review