President Obama is losing the stimulus battle. Fiscal conservatives are winning the message war on the Generational Theft Act of 2009. Flailing and desperate, he has resorted to the very “politics of fear” he ran against during the campaign. In a WaPo op-ed this morning, he invokes Chicken Little tactics to scare Washington into ramming his massive, ineffective, debt-stimulating plan through Congress. At least he didn’t use Nan Pelosi’s “500 million” jobs line:
By now, it’s clear to everyone that we have inherited an economic crisis as deep and dire as any since the days of the Great Depression. Millions of jobs that Americans relied on just a year ago are gone; millions more of the nest eggs families worked so hard to build have vanished. People everywhere are worried about what tomorrow will bring.
Because each day we wait to begin the work of turning our economy around, more people lose their jobs, their savings and their homes. And if nothing is done, this recession might linger for years. Our economy will lose 5 million more jobs. Unemployment will approach double digits. Our nation will sink deeper into a crisis that, at some point, we may not be able to reverse.
The only thing we have to fear is fear-mongering itself.
If Senate Republicans can hold the line, they can avoid the same head-long rush toward repeat failure that led to bailout-mania and stimulus-palooza last year.
It’s a big “If.”
Kill the bill. Stab it. Stick a fork in it. Then start over from scratch.