Speaking to staffers at the Department of Energy yesterday, President Obama pushed his “stimulus” plan and misrepresented the ideas of his critics:
They’re rooted in the idea that tax cuts alone can solve all our problems; that government doesn’t have a role to play; that half-measures and tinkering are somehow enough;
While President Bush may have premised his economic policy entirely on tax cuts, he never believed that such cuts alone could solve all our problems. And his successor would be hard-pressed to find any Republican who did. Save Congressman Ron Paul, no leading Republican believes government doesn’t have a role to play.
In elaborating on conservative ideas (without detailing any), the president really got in some strange territory given the legislation he’s been pushing:
Those ideas have been tested, and they have failed.Â They’ve taken us from surpluses to an annual deficit of over a trillion dollars, and they’ve brought our economy to a halt.Â And that’s precisely what the election we just had was all about.
Now, I agree that the notion that you can promote economic health by cutting taxes and increasing federal domestic outlays has been tested and failed.
If the president’s knowledge goes back beyond “”the last 10 years”, he would know that conservative economic policies do work. Â In the 1980s, they helped lift us out of a severe recession. And we enjoyed prosperity throughout Clinton’s tenure because that Democrat never repudiated them.
But, if the policies he’s decrying led to trillion dollar deficits and brought our economy to a halt, why then is he proposing policies which will create ever larger deficits?Â Does he really believe policies which expand the deficit even further will bring that halted economy back to life?
Um, Mr. President, that last election was about “change.” You should know you–and your supporters–repeated that word ad nauseum. For the past eight years, we’ve seen ever increasing levels of domestic spending. Are you saying it’s change to keep increasing such spending, only at a faster rate of increase?
Oh, and, um, did you campaign on a multi-hundred billion dollar stimulus?