Pangloss Posted July 12, 2009 Share Posted July 12, 2009 As unemployment figures have grown, critics of the administrations stimulus policy have acquired more headway. This comes right at the moment when we're considering vast spending on health care; a fact that is clearly not lost on political Washington. An interesting article talking about Obama's plans for encouraging people to be patient on this issue: http://www.washingtonpost.com/wp-dyn/content/article/2009/07/11/AR2009071102465.html?hpid=moreheadlines "When we passed this recovery act, there were those who felt that doing nothing was somehow an answer," he said. "Today, some of those same critics are already judging the effort a failure although they have yet to offer a plausible alternative." I think he's correct, and most of the criticism is political in nature and not based around better ideas and solutions. I think it's also inaccurate and misleading for conservatives to point at the 8% figure, which was put forth as an optimistic goal, and declare that the administration has failed. We knew all along that this was a possibility, and we know that unemployment is a lagging economic indicator. "Remember the promises? They promised you that if you paid for their stimulus, jobs would be created immediately," Cantor said. "In fact, they said that unemployment would stay under 8 percent. Yet just months later, they are telling us to brace for unemployment to climb over 10 percent. They promised jobs created. Now they scramble to find a way to play games with government numbers by claiming jobs saved." That's one of the things that really irks me about politics, when people who's job it is to be optimistic, and when we know full well what the other possibilities are, but then we bash the optimists anyway just for being optimistic, which is exactly what they were supposed to do. How does this make any sense at all? What do you all think? Link to comment Share on other sites More sharing options...
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