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The Corner

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Stuck on Stimulus



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I have a column in Time this week on the president’s “fine” mess: 

President Obama’s blown press conference added to the sense that Chicago is off its game. This isn’t entirely fair. There’s no politically easy way of dealing with 40 straight months of an unemployment rate above 8 percent. If the economy were creating 300,000 new jobs a month, as it was at this point in Ronald Reagan’s first term, David Plouffe would look every bit as shrewd as he did in 2008 when everything broke his boss’s way.

On the economy, the president’s administration has been hyperactive and ineffectual, a fatal combination, and all he can offer is more of the same. He is stuck on stimulus. It’s not Morning Again in America so much as Groundhog’s Day.



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