Straight talk on the economy and recovery plan

February 5, 2009

President Barack Obama has an editorial in the Washington Post today, clearly stating why the economic stimulus package is vital to turning around our struggling economy. The whole editorial is here, but these passages are particularly noteworthy:

… Because each day we wait to begin the work of turning our economy around, more people lose their jobs, their savings and their homes. And if nothing is done, this recession might linger for years. Our economy will lose 5 million more jobs. Unemployment will approach double digits. Our nation will sink deeper into a crisis that, at some point, we may not be able to reverse.

That’s why I feel such a sense of urgency about the recovery plan before Congress. With it, we will create or save more than 3 million jobs over the next two years, provide immediate tax relief to 95 percent of American workers, ignite spending by businesses and consumers alike, and take steps to strengthen our country for years to come. This plan is more than a prescription for short-term spending — it’s a strategy for America’s long-term growth and opportunity in areas such as renewable energy, health care and education. And it’s a strategy that will be implemented with unprecedented transparency and accountability, so Americans know where their tax dollars are going and how they are being spent.

In recent days, there have been misguided criticisms of this plan that echo the failed theories that helped lead us into this crisis — the notion that tax cuts alone will solve all our problems; that we can meet our enormous tests with half-steps and piecemeal measures; that we can ignore fundamental challenges such as energy independence and the high cost of health care and still expect our economy and our country to thrive.

President Obama expanded on those issues in a series of interviews with network television outlets:

Contrast that with the Republican opposition to the package, and the views of you-know-who:

And if you don’t think that Republicans genuflect to the above radio host, just read what happens when one lone Republican dares to say anything even mildly critical of him.

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