Obama’s proposal

We got ourselves some vigorous criticism from one of our “usual suspects” and we have ourselves a warning about how Obama intends to pay for the new stimulus (Not at all clear as to why, but President Obama is avoiding using the term “stimulus”).

The news about how the debt-ceiling debacle was perceived by the public is that, as a sheer, unmitigated disaster, it ranks a bit below Hurricane Katrina/flooding of New Orleans and just a hair above Iraq’s inavsion of Kuwait in 1991. Personally,  I regard that as extremely good news because that means that Obama is likely to avoid that sort of complete collapse/surrender in the upcoming negotiations over how much of his proposal to put into law.

And sure enough, the President is reacting to House Majority Leader Eric Cantor’s plea “The message was: either accept my package as it is, or I will take it to the American people. I would say that that’s the wrong approach.” by taking his case directly to Cantor’s own district, telling citizens to contact Congress and demand quick action.

Economists are generally happy about the plan and what’s really, REALLY cool is that the White House is refusing to make preemptive concessions!

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