Obama’s Teeny Tiny Stimulus

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Barack Obama celebrates Labor Day:

President Obama on Monday is to call for as much as $50 billion in government spending to start up a long-term public works plan emphasizing transportation projects — roads, rail and airport runways — over the next six years.

….While Mr. Obama’s plan would call for investment over six years, the White House says it would be front-loaded with an initial investment of $50 billion in taxpayer money, to help create jobs in the shorter term. The administration says it would work with Congress to find ways to pay for the plan, so that it would not add to the nation’s rising deficit. One possibility would be to cut existing subsidies for oil and gas exploration and production.

This is all perfectly sensible. At the same time, if it’s offset by other items in the budget it probably won’t have any net stimulative effect. Essentially, we’ve given in to the deficit hawk brigade without even a fight.

Not that it matters, I suppose. It’s too small to be more than a pinprick, and Republicans will probably filibuster to the death the right of our nation’s oil and gas companies to their federal subsidies anyway. But I’m sure it will give Fox News something to roar about for the next month. Obama is socializing roadbuilding! He’s endangering our supplies of oil and gas! It just shows his contempt for ordinary Americans!

Should be loads of fun.

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We've never been very good at being conservative.

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This is no time to come up short. It's time to fight like hell, as our namesake would tell us to do, for a democracy where minority rule cannot impose an extreme agenda, where facts matter, and where accountability has a chance at the polls and in the press. If you value our reporting and you can right now, please help us dig out of the $100,000 hole we're starting our new budgeting cycle in with an always-needed and always-appreciated donation today.

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