Obama's Totally Political Economic Stimulus

Is it about boosting the economy or boosting Democratic interest groups?

By SHARE

The depressing reality of the trillion-dollar Obama economic stimulus -- I mean, economic "recovery" -- plan is slowly emerging. It seems more about about liberal politics and liberal economic agendas than reigniting the American economy. Sorry. More evidence comes in this WaPo story. Here is the lede:

In one of the first internal struggles of the incoming Obama administration, environmentalists and smart-growth advocates are trying to shift the priorities of the economic stimulus plan that will be introduced in Congress next month away from allocating tens of billions of dollars to highways, bridges and other traditional infrastructure spending to more projects that create "green-collar" jobs.

Me: There you have it. On one side you have the greenies who want to use our current economic crisis to promote their environmental agenda. And on the other side you have the "old economy," union-types who want to use our current economic crisis to attract hundreds of billions of dollars to union construction jobs. (And don't forget the local government officials with visions of bike paths and aquariums and duck ponds dancing in their heads.)

None of this stuff will boost the economy anytime soon, which is probably why Obama has quit using the word "stimulus" and has been talking down America's near-term economic prospects. Remember what incoming White House Chief of Staff Rahm Emanuel said: "You never want a serious crisis to go to waste. This crisis provides the opportunity for us to do things that you could not do before."  And that is why the Obamacrats are pushing for this package to be passed in January. Time is of the political essence. You know how long it took to get Reaganomics passed and signed back in 1981, another time of economic crisis? Eight months.