Wednesday, January 28, 2009

Some Democrats Among Stimulus Skeptics - Why?

More at washingtonpost.com: “President Obama, who promoted the $825 billion package at the Capitol yesterday, says the proposal serves two functions -- creating jobs and stimulating the economy in the short term, and laying the groundwork for overhauls in energy, health care and infrastructure that would be felt for decades. But some administration supporters say that while they appreciate Obama's intent, the two goals are competing with each other, and that the package could end up missing both targets.

In testimony before the House Budget Committee yesterday, Alice M. Rivlin, who was President Bill Clinton's budget director, suggested splitting the plan, implementing its immediate stimulus components now and taking more time to plan the longer-term transformative spending to make sure it is done right.”

-- What I don't get is why some Dems are waisting time in doing something to solve this problem. It's almost as if some officials are afraid to 1) take action because it 2) may work, making Obama 3) even more popular. I don't think it's just the GOP who has jealously regarding President Obama. Meanwhile the economy continues to tank.

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