The latest version of the $787 Billion Democratic stimulus package has been rushed through Congress with no House GOP support and seven Democratic dissenters. President Obama will sign the package into law on Tuesday in Denver, CO. If this massive spending bill fails to create jobs and stimulate the economy, could this mean a GOP comeback in 2010? and perhaps one term for President Obama?
Right now President Obama's popularity is based on his catchy campaign slogans and his celebrity status. If this package fails to improve the economy, his honeymoon period will be over and people will forget about hope and change and actually want substance.
One thing I do have to credit President Obama with is being willing to take a risk to get results, I just don't think he will get the results he is looking for by nationalizing the economy with a massive government spending bill filled with private pork projects.
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It will be interesting to see how the democrats who supported this bill will try to defend it after it doesnt do any good for the economy. What will they run on in 2010 and 2012?
ReplyDeleteWhere does this kind of money come from ? To much pork . How could it be any good if Pelosi wrote it ?
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