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View Diary: Obama on the Economy: 'We Didn't Know How Bad It Was' (300 comments)

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  •  It was the job of President Obama, and no one else (12+ / 0-)

    to know the correct information and to respond appropriately and adequately.  He didn't know and he didn't respond appropriately or adequately.

    •  The President doesn't write the law. (2+ / 0-)
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      Lying eyes, janemas

      Congress does.

      Democratic leaders in congress had to make compromises on the size of the stimulus in order to get the votes to pass it.

      •  cloture (6+ / 0-)

        No, purely budgetary items can be voted through reconciliation requiring only 50 votes---and yeah, there would have had to have been some screwing around with projections over ten years to make the numbers look ok for reconciliation--but it could have been done. Newly in office with a mandate for change, he could have pressed for a huge stimulus threatening to use Bill Frist's nuclear option to blow up the filabuster if needed. He could have gone to the nation directly and openly blamed Bush, conservatism, and  Republicans for driving the nation into a depression--yes, demagogued a little instead of always insisting that both sides were partly right and partly to blame. He could have demanded (as Romer, one of his inner circle, wanted) a 2.1 trillion dollar stimulus coupled with huge tax increases on millionaires/corporations and then--when the Senate watered it down, gone on TV saying that it would help but not enough, and that thanks to the Congress unemployment would stay higher than it should. He could have kept mentioning that and had his surrogates mention that every week on Sunday Punditfest for two years.  He asked for a weak stimulus, then led the cheerleading for Happy Days are Here Again, so that when things weren't getting better (just no longer getting worse), he and the Democratic party took the blame. Thus 2010. You know the sequel.

        •  Hundreds of billions (1+ / 0-)
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          in deficit spending cant be used for reconciliation,  it has to be deficit neutral.  A stimulus that qualified wouldnt be stimulus.

          Anyway, i think the diary jumps immediately to size of stimulus, which wasnt much up for debate, but rather the projected multipliers, that is, how fast and how far unemployment would fall.  This is a much narrower wuestion.  It says Obama oversold the stimulus, but he would have evidently oversold a bigger stimulus -- were one possible -- by a proportionate amount.

          "This world demands the qualities of youth: not a time of life but a state of mind[.]" -- Robert F. Kennedy

          by Loge on Wed Dec 14, 2011 at 08:30:44 PM PST

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        •  I completely agree and was thinking the same (1+ / 0-)
          Recommended by:

          thing as I read the diary and the comments. Not only was the administration fail economically, it failed politically.

      •  Obviously you haven't been watching. Haven't (0+ / 0-)

        you been paying attention during negotiations - Harry Reid will say they took a call from Obama and the President agrees with what is in a bill.  Besides why would McConnell want to negotiate with Obama.....Obama is giving the dems the outline of what bills Obama wants.  you need to watch more tv, news, etc.  Congress passes the bills.  If it is GOP written it could be by lobbiests or ALEX.

    •  Hey Squirrel, did you immediately call for the (0+ / 0-)

      impeachment of Bush after 9-11? Because if you believe the it was the job of the President "to know the correct information and to respond appropriately and adequately", well then you must have been calling for Bush's impeachment immediately!.... Right?
      Bush and his inner circle were repeatedly sent reports titled "Bin Laden determined to attack USA" ... and he and his top advisers ignored them!!!

      President Obama, on the other hand, has just recently (like us) received the corrected data of how bad things really were in '08. "His job" is to make the best decision possible with the information given, but that information was accumulated from the previous administration, so you could say it's just further proof of a GOP setup to make Obama fail. I'm sorry, I just get annoyed sometimes with all the Monday morning quarterbacking that goes on here...

      Use this for our causes! "Goodbye American Dream" music: lyrics:

      by Fireshadow on Thu Dec 15, 2011 at 11:44:32 AM PST

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