The Stimulus didn’t work because of consumers
Submitted by Worth Blog
Written by Michael Vass
As I scanned thru the news I ran into something that caught my eye. A minor article that spoke about the economy, President Obama, and his approval rating. One year on, Obamamania cools to luke warm support says nothing new really, but it hints at something I had not suspected before.
It hit me when I read this quote
“He is “the first African-American president, a young man who has won many honors and done great things. He is a cultural phenomenon in the US and around the world,” [Professor Clyde Wilcox of Georgetown University] said.”
Considering that President Obama hasn’t done anything, let alone anything great, I was amused at the quote. Which made me think of the Nobel Peace Prize that President Obama won. Based on the things he might do at some point in the future. A kind of treatment that only celebrities and rockstars tend to get.
But that’s it! The answer to the problems in the economy. President Obama passed the Stimulus package making sure that anyone who gets a paycheck (and only those people as long as they don’t get paid too much) would have an extra $20 a week. Which is exactly what many of the souveniers and t-shirts featuring our Presidents face and unyeilding smile sold for.
The way to stimuluate the economy was for every American to buy a product with our leaders visage every week. Not only would it improve the economy, and of course spread the joy that is President Obama beyond the thrill his mere voice gives MSNBC, but it would resonate with the ego our President has.
No wonder the Obama Stimulus was passed so quickly. Approval ratings of 70% don’t last long when you are “sharing the wealth” and “redistributing” private industry. But it wasn’t his fault that the stimulus didn’t work, it’s ours since we all don’t have shrines build upon the trinkets that have been available since his election by now.
It all fits. And I can see why President Obama is annoyed by reporters asking him petty details about the economy. They should have clearly seen what the stimulus money was supposed to be spent on. How dare they rain on his parade and slow sales. Their negativity ruined the path out of the recession. Good thing there was an extra $3 billion hanging around to prop up the Cash for Clunkers program to make the 3rd quarter look more successful than it was.
But perhaps, as Congress and the President continue to plan to use money America does not have, nor will for another decade or 2 if ever, for another Stimulus package they might mention that we are supposed to buy all things Obama. At least that way, when the plan fails yet again, the public will only have themselves to blame. Because it couldn’t possibly be the fault of a President that “done great things”.
