On the stimulus, the White House has started believing its own propaganda 

From the salmon-coloured pages of the Financial Times:

The impact of Barack Obama's roughly $800bn fiscal stimulus has been underestimated and will increasingly be felt over the coming months, says Lawrence Summers, the head of the White House National Economic Council.

"It is an enormous achievement . . . that with all the projects across the country - weatherisation, medical records, high-speed rail, what have you - that there have been essentially no reports, zero, of corruption, of abuse or of egregious delay," Mr Summers told the Financial Times in a video interview for its View from DC series.

This is a mind-numbingly stupid thing for Summers to say, just days after weatherization projects were mathematically proven to be wasteful and demonstrably, egregiously delayed.

Moreover, the jury is still very much out on the virtues of throwing good money after a bad high-speed rail pipe dream, especially now that it's become clear California's rail proponents lied about most of their plan's details to convince voters they should authorize billions in borrowing for the LA to SF line.

About The Author

David Freddoso

Bio:
David Freddoso came to the Washington Examiner in June 2009, after serving for nearly two years as a Capitol Hill-based staff reporter for National Review Online. Before writing his New York Times bestselling book, The Case Against Barack Obama, he spent three years assisting Robert Novak, the legendary Washington... more
Pin It
Favorite

More by David Freddoso

Latest in Nation

© 2019 The San Francisco Examiner

Website powered by Foundation