onsdag 8. september 2010

NY Times: Crisis Past, Obama May Have Missed Opportunity

WASHINGTON — In proposing an economic package this week that includes spending $50 billion on roads, rail lines and other projects, President Obama opened the fall election season by doing what he has done from the first days of his administration: arguing that, in effect, stimulating the economy today and reordering it for decades to come are basically the same thing.

In this way, Mr. Obama risked confusing the voters — and not for the first time. By consistently conflating short-term and long-term economic goals, the president and his party may have missed an opportunity to explain the crucial difference between the two, and they have all but ensured that voters this fall will give them credit for neither.

Mr. Obama is already faced with the reality that voters have, fairly or not, decided that his first big effort to revive the economy, the $800 billion package enacted right after he took office, was a qualified failure, and that anything tagged as further “stimulus” will be cast by Republicans as throwing good money after bad.

www.nytimes.com

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