President Obama seems to be floating a logical contradiction. He derides the Republicans for spending too much in the last 8 years, claiming that they now have no right to accuse him of excessive spending. But if the “policies of the past” have been too much spending, how does more spending become a break with the past? Note below
It’s an economic proposal that does nothing to rebuild our economy, but everything to continue the same failed policies of the past eight years – when speculators gamed the system, regulators looked the other way, and lobbyists bought their way into our government. It’s the same failed politics of decrying greed on Wall Street one minute, and then rewarding that greed the next minute with tax cuts for Wall Street corporations and CEOs.1 It’s the same failed philosophy: give more and more to those with the most and hope prosperity trickles down to everyone else.
Note the shift from October to February. No longer does he decry the “failed policies.” Now he calls them “failed theories.” Nice shift. It lets him ignore what actually happened while attacking the Republicans’ stated philosophy. Thus, since his philosophy is different (so he says), he can claim to be breaking from the past.
Feb 9, 2009 (Press Conference)
“What I won’t do is return to the failed theories of the last eight years that got us into this fix in the first place, because those theories have been tested and they have failed. And that’s part of what the election in November was all about. Okay?”
“When I hear that from folks who presided over a doubling of the national debt, then, you know, I just want them to not engage in some revisionist history….when they start characterizing this as pork without acknowledging that there are no earmarks2 in this package — something, again, that was pretty rare over the last eight years — then you get a feeling that maybe we’re playing politics instead of actually trying to solve problems for the American people.”
“When it comes to how we approach the issue of fiscal responsibility, again, it’s a little hard for me to take criticism from folks, about this recovery package, after they presided over a doubling of the national debt. I’m not sure they have a lot of credibility when it comes to fiscal responsibility.”
The Republicans’ lack of discipline is coming back to bite them, but at this point, I suspect the American public is less interested in the errors of the past and more interested in the prospects of economic improvement. Isn’t that what this whole “looking forward” approach is all about?