A couple of weeks ago when President Barack Obama was feverishly working to get get his $800 billion “stimulus” bill, the so-called Recovery and Reinvestment Act, passed into law, Obama warned Americans:
“A failure to act, and act now, will turn crisis into a catastrophe and guarantee a longer recession, a less robust recovery, and a more uncertain future.”
A few days later on a daylong visit to Elkhart, Indiana, a town that has been devastated by job losses, Obama said the country is is a “full-blown crisis” and that if Congress didn’t pass his gargantuan, pork-laden economic plan immediately, the results could be catastrophic.
“More people will lose their homes and their health care. And our nation will sink into a crisis that at some point we may be unable to reverse.”
Now that Congress has passed the stimulus bill, Obama now says our future economy looks very bright indeed. Suddenly, with the $800 billion stimulus package under his belt and his proposed $3.6 trillion budget, Obama is now promising the economy will begin to surge in 2010 with a 3.2% GDP growth followed by 4% in 2111, 4.6% in 2112 and 4.2% in 2013.
Obama exaggerated the downside of the economy two weeks ago so he could get more spending, and now he’s exaggerating its upside so he can get more spending. The fixed goal is more spending,” said Mark Lowery in National Review.