Obama Digs His Own Grave, Promises To Maintain Status Quo
Obama’s Jobs speech should have been no surprise to anyone. In fact, the only thing that was surprising was how redundant and tedious it was. “You must pass this bill now,” he said at least half a dozen times, suggesting that he expected to fast track the legislation without debate or criticism.
He did channel FDR with offers to put Americans back to work rebuilding roads and bridges. However, FDR created 11-12 million jobs through massive spending on the order of $1-2 trillion in today’s dollars. Obama, in contrast, is only offering a few hundred billion. By appealing to Republicans with the promise that the legislation will not cost a penny, he ensured that the best he will accomplish is maintaining a status quo of stagnant growth and relatively high unemployment.
This was probably Obama’s last opportunity to do anything to actually help struggling Americans and he blew