Friday, September 9, 2011

The President's $447 Billion Re-Election Plan

James Pethokoukis, Reuters
There’s been much speculation that President Barack Obama will spend $1 billion to get reelected. Turns out those guesses were off by $446 billion.What Americans heard last night was a $447 billion political plan, not an economic one. It’s purpose was to a) fire up the demoralized Democratic base and b) show independents that Obama is trying to do something – anything – to reduce unemployment, not just slash needed “investment” like those heartless, pro-austerity Republicans.

Source: http://www.realclearpolitics.com/2011/09/09/the_president039s_447_billion_re-election_plan_263176.html

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