The President Moves the Economic Goalposts
The stimulus isn’t working as originally advertised
Wall Street Journal
By KARL ROVE
07/16/2009… As is Mr. Obama’s habit, he has answered his critics by creating straw-man arguments. In last weekend’s radio address, he attacked detractors as those who "felt that doing nothing was somehow an answer." But many of Mr. Obama’s critics didn’t feel that way. They offered — and Mr. Obama almost completely ignored — constructive ideas to jump-start the economy.
For example, House Republicans offered an alternative recovery package of immediate tax cuts and safety-net measures that cost half as much as Mr. Obama’s stimulus program. Republicans have also calculated that their plans would have created 50% more jobs than the stimulus. They reached that estimate by using the same job-growth econometric model that the president’s Council of Economic Advisors used for the stimulus.
While in Moscow recently, Mr. Obama answered questions on whether his administration had misread the economy by saying "there’s nothing that we would have done differently." Let me suggest two things: He could have proposed pro-growth policies rather than ones that retard economic recovery with a massive increase in deficit spending. And he could fulfill his promise to speak to us honestly rather than selling his proposals with promises and goals he rapidly discards.
In his 1946 essay "Politics and the English Language," George Orwell wrote about words used in a "consciously dishonest way." "That is," Orwell wrote, "the person who uses them has his own private definition, but allows his hearer to think he means something quite different." Americans are right to wonder if their president is using his own private definitions for the words he uses to sell his policies.
I’m worried as hell about the economy, as worried as any. But I know what is not the solution – cutting taxes. It’s a vote getter for sure, but there’s this problem:
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