{"id":6379,"date":"2010-08-03T09:57:52","date_gmt":"2010-08-03T13:57:52","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=6379"},"modified":"2010-08-03T10:01:16","modified_gmt":"2010-08-03T14:01:16","slug":"robert-reich-obamas-original-sin-was-not-spending-enough","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/6379\/robert-reich-obamas-original-sin-was-not-spending-enough\/","title":{"rendered":"Robert Reich:  Obama&#8217;s &#8220;Original Sin Was Not Spending Enough&#8221;"},"content":{"rendered":"<p>Is there any periphery bounding the absurdity of the desperate political left?<\/p>\n<p>The Obama Administration&#8217;s 2009 &#8220;stimulus&#8221; continues to prove itself a failure.\u00a0 It <a href=\"http:\/\/otrans.3cdn.net\/45593e8ecbd339d074_l3m6bt1te.pdf\" target=\"_blank\">promised<\/a> that unemployment would peak in October 2009 at 8%, and would be down to 7.3% by now.\u00a0 Instead, we remain mired near 10%.\u00a0 Further, second quarter gross domestic product (GDP) was <a href=\"http:\/\/jec.senate.gov\/republicans\/public\/index.cfm?p=CommitteeNews&amp;ContentRecord_id=bb302d88-3d0d-4424-8e33-3c5d2578c2b0\" target=\"_blank\">revised downward<\/a> just last week to 2.4%, a slowdown from 3.7% in the first quarter and 5.0% from the fourth quarter of 2009.\u00a0 Meanwhile, we&#8217;re $1 trillion deeper in debt, and the administration <a href=\"http:\/\/cfif.org\/v\/freedom_line_blog\/6261\/obama-admits-this-years-deficit-will-exceed-last-years\/\" target=\"_blank\">admitted last month<\/a> that its second year deficit will reach an astounding $1.5 trillion, exceeding even its first deficit of $1.4 trillion.<\/p>\n<p>Yet according to former Secretary of Labor Robert Reich, &#8220;the administration&#8217;s original sin was not spending enough.&#8221;\u00a0 Commenting in today&#8217;s <a href=\"http:\/\/online.wsj.com\/article\/SB10001424052748703999304575399420815017804.html?mod=ITP_opinion_0\" target=\"_blank\"><em>Wall Street Journal<\/em><\/a>, Reich bizarrely adds that the Democrats&#8217; 2009 filibuster-proof Senate supermajority somehow constituted &#8220;a fragile 60 votes&#8221; constraining Obama&#8217;s ambitions, and says that the problem with ObamaCare was that it was &#8220;not nearly large or bold enough.&#8221;\u00a0 Not large enough?\u00a0 Take a look at this <a href=\"http:\/\/jec.senate.gov\/republicans\/public\/index.cfm?p=CommitteeNews&amp;ContentRecord_id=bb302d88-3d0d-4424-8e33-3c5d2578c2b0\" target=\"_blank\">ObamaCare flow chart<\/a>, which looks more intricate than a nuclear reactor.<\/p>\n<p>So how much would have been enough to satisfy Reich, anyway?\u00a0 Two trillion?\u00a0 Three trillion?\u00a0 Ten?\u00a0 It all recalls the popular <a href=\"http:\/\/www.zazzle.com\/please_dont_tell_obama_bumper_sticker-128608622398518176\" target=\"_blank\">bumper sticker<\/a> &#8211; &#8220;Don&#8217;t Tell Obama What Comes After &#8216;Trillion.'&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Is there any periphery bounding the absurdity of the desperate political left? The Obama Administration&#8217;s 2009 &#8220;stimulus&#8221; continues to prove itself a failure.\u00a0 It promised that unemployment would peak in October 2009 at 8%, and would be down to 7.3% by now.\u00a0 Instead, we remain mired near 10%.\u00a0 Further, second quarter gross domestic product (GDP) [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[40,59,19,12,24,35,1648,179,105,71,28,18],"class_list":["post-6379","post","type-post","status-publish","format-standard","hentry","category-posts","tag-congressional-budget-office","tag-deficit","tag-economy","tag-health-care","tag-obama","tag-obamacare","tag-reich","tag-stimulus","tag-tax","tag-taxes","tag-tea-party","tag-unemployment"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/6379","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/comments?post=6379"}],"version-history":[{"count":5,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/6379\/revisions"}],"predecessor-version":[{"id":6384,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/6379\/revisions\/6384"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=6379"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=6379"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=6379"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}