We bring another update on BO's fairy tale, also known as "the stimulus".
The AP has a good one today.
"Obama admitted his own dissatisfaction with the progress but said his administration would ramp up stimulus spending in the coming months.
The White House acknowledged it has spent only $44 billion, or 5 percent, of the $787 billion stimulus, but that total has always been expected to rise sharply this summer."
What's wrong with that approach? The stimulus was not designed for spending in 2009!
This is why so many of us opposed this farce a few months ago!
We favored a real stimulus designed to give the "private sector" the incentives to hire people and produce things!
It was never a stimulus program. It was a politically motivated proposal intended to care of the unions (i.e. Mexican trucks) and to promote protectionism (i.e. just ask Canadians!)
Pres BO has put himself in a miserable situation.
The stimulus is not working and we have no money to do another stimulus! It's going to get very frustrating in the Oval Office over the next few months!
