Stimulus

With presidential adviser and liberal economic hack Laura Tyson calling for a second stimulus, one has to wonder when the MSM will wake up.

The first "stimulus" is not, in fact, a stimulus. It was a policy grab bag, nothing else. To date only 10% has been spent. Ten percent. Even worse, the administration's stated goal is only to have 70% spent by September 2010. That's correct: 2010, not 2009. If the original lie argument advanced by the Obama team to sell the stimulus was that a large rapid infusion of cash was necessary to stimulate the economy, why then is the planned rollout anything but rapid? One is left with only the simple truth that this was never intended to truly be a stimulus, it was simply the upshot of years of liberal program dreams.

Even more disingenuous, perhaps, is Biden's recent comment that not only did the administration misread the economy, but so did everyone else. "The figures we worked off of in January were the consensus figures..." Biden said. This is false on two levels. First, the Obama administration did not misread the economy. They knew exactly how bad things were, but sold a song and dance to the American people. Second, the consensus opinions were absolutely NOT aligned with the administration. This was one of the few times the MSM questioned Obama early on, pointing out that his projections were far more "rosy" than consensus. Even USA Today had this to say:

Worse, the Obama administration's budget gets those uninspiring deficit targets with rosy economic projections.

Obama calls this honest accounting. At best, it's optimistic accounting, and if it proves starry-eyed, the credibility of Obama's far-reaching agenda will be in doubt.

Sorry Joe, but this is one lie that there is ample evidence on record to counter.