Wednesday, August 25, 2010

Failure's Success

The Economist grudgingly admits in its latest issue that Obama's government takeover of GM worked.  The allegedly nonpartisan Congressional Budget Office reports that Obama's stimulus package saved jobs and prevented the economy from contracting.  Yet ideologically straight jacketed conservatives, who offer no economic prescriptions except the exact same ones that got us into this mess, oppose any new form of stimulus or government intervention in the economy.  The economic indicators of late, which reflect the fact that Obama's stimulus is wearing out, do not bode well for the U.S. economy.  Yet any hope of a new stimulus bill, or any creative solution to this crisis, does not exist.  All we get are the same tired mantras from the opposition about cutting taxes, deficits, and the role of government.  The exact same rigid ideologies we were battered with as we careened into this current crash.