Blame

The American Recovery and Reinvestment Act, a/k/a “The Stimulus,” was going to get us out of the mess we (still) find ourselves in.

Unfortunately, it didn’t quite work as claimed. I would’ve written “as planned,” but that gives far too much credit to the Naif in Chief. The Stimulus wasn’t “planned.” Money was thrown out there, in the hopes that some might stick. Little did.

The chart (via Veronique de Rugy) tells the tale: the Stimulus did not achieve any reduction in unemployment, in this, its third year. Given the actual data, as against Obama promises (which have a sell-by date the day before they’re made), Obama’s just-concluded appeal for another half-trillion or so more stimulus is…interesting.

Blame the Republicans for not repeating the trillion-dollar mistake of the original Stimulus. Not to worry. Obama will blame everyone and everything, including fat-cat, private-jet owning plutocrats. He will blame earthquakes, hurricanes, and tsunamis.

He will never, however, blame himself. That would require some humility, an ability to admit error and start over. And humility is one virtue that has entirely bypassed Obama.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s