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The Stimulus Revisited

Keith Hennessey summarizes what he learned from recently-released memos:

If Mr. Lizza’s reporting is correct, over the objection of his economic advisors President Obama replaced $60 B of “highly stimulative spending” with a slow-spending but “inspiring” $20 B for high-speed trains and $40 B in pork for his Senate Democratic allies. And this is starting from a point at which he knew that his advisors thought that not more than $225 B of the $826 B total was high-quality, fast-spending, efficient stimulus (emphasis in original).

New on The Corner. . .


COMMENTS   1

EXPAND  

   01/24/12 12:40

if you read between the hopelessly adoring lines, you can see why the white house is rudderless and reactive. nothing ever gets decided. endless discussions. paralysis by analysis. I am sure the writer didn't mean to convey that meaning quite as clearly as he did, but it was a preferable story line to "clueless", which was the only alternative.

we also learn that the entire country is being run via a series of notes that call to mind elementary school crushes. everything is done in writing, usually via position memos, after which there are three boxes; "agree", "disagree", and "discuss".

that's how I learned that jennifer varner liked me in the 7th grade. she checked the "I like you" box.

I just hope we survive until election day before someone accidentally adds a "press the button" box.

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