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

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  •  And had he said their stimulus was not enough (0+ / 0-)

    he could now rightly blame them for the bad economy and ask Congress to do it right this time.

    Unfortunately, he chose to side with Snowe, Collins, Spector, Nelson and all the other optimists, and now he owns the bad economy.

    It's amazing to me that the President feels the need to tout every compromise as a great victory that will fix all our problems.  I don't understand why he'd rather be a cheerleader than a realist.  Take the best deal you can get, yes, but acknowledge the shortcomings.  No one will mind if the measure outperforms the expectations.

    "I told you so" is a hell of a lot better position that "No one knew".

    To believe that markets determine value is to believe that milk comes from plastic bottles. Bromley (1985)

    by sneakers563 on Thu Dec 15, 2011 at 11:04:47 AM PST

    [ Parent ]

    •  how is it a matter of "siding" with them? (0+ / 0-)

      he needed them to vote one way, which they might not otherwise have done.  Who suffers more from blaming the republicans for passing a stimulus that was too small?  The republicans or the people who benefited from it?  Now imagine had compromise not happened and nothing passed.  the downside to the republicans would be (arguably) political -- it's not like the stimulus is overwhelmingly popular.  Obama's compromise did significantly more good than harm.

      The rest of the comment is a bit of a false dichotomy.  Obama has pushed for additional spending and blamed the GOP for being recalcitrant, so he's really doing both.  The "no one knew" was a very specific point and only partially related to the size of the stimulus, though that's an easier target for progressive angst than multipliers and Q4 GDP data.

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

      by Loge on Thu Dec 15, 2011 at 11:11:21 AM PST

      [ Parent ]

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