THE SAPIENT SPARROW: conservatism for commoners

"What has always made the State a hell on earth has been precisely that man has tried to make it his heaven."–Holderlin




In his (almost) daily press conference today, the POTUS made comments concerning planning for the “post-bubble growth” of the economy.  He mentioned that “having brought the economy back from the brink…it is time to generate jobs that this economy needs.”  (Ya think?)

He went on to name exports, manufacturing, trade policy and technology as areas from where the economy could find new life.  Okay, I’m game–but not holding my breath, especially if the Keynesian policies that have been the recent norm are continued.  The POTUS did mention millions of “green” jobs being generated from weatherizing and retro-fitting buildings to make them more energy efficient-ummmm?  He also reminded us that our infrastructure is still crumbling, but that given our “fiscal constraints” (we have those?) we need to find ways to finance those projects.  Gee, I thought that was what the stimulus money was supposed to do.  Silly me.

Our “Dear Leader” ended by stating that “having turned the economy around” now is the time to “apply good common sense” to create “sustainable growth”.  I just have chills up my leg every time I hear all these “Obamaspeak” terms.  (Sigh.)

So, the economy is “back from the brink”–probably a reference to the third quarter GDP numbers that came out at the end of the week.  At Red there is a great analysis of those numbers and what they really mean.  (Here’s a hint, the graph above is the CBO projection of what the Federal Budget will look like by 2075–our “back from the brink” today looks a lot like totally “off the cliff” by then.)

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Filed under: economy, media, POTUS, , , , , ,

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