Obama said today that spending/benefit cuts will yield the "solid fiscal situation"

[woo me with science]

that we need *before* we can do infrastructure and jobs projects:

http://www.whitehouse.gov/the-press-office/2011/07/11/press-conference-president


I mean, the infrastructure bank that we’ve proposed is relatively small. But could we imagine a project where we’re rebuilding roads and bridges and ports and schools and broadband lines and smart grids, and taking all those construction workers and putting them to work right now? I can imagine a very aggressive program like that that I think the American people would rally around and would be good for the economy not just next year or the year after, but for the next 20 or 30 years.

But we can’t even have that conversation if people feel as if we don't have our fiscal house in order. So the idea here is let’s act now. Let’s get this problem off the table. And then with some firm footing, with a solid fiscal situation, we will then be in a position to make the kind of investments that I think are going to be necessary to win the future.


However, remember that 300 economists would likely disagree:

"Three hundred economists released a letter to President Obama (9/2010) with one message: focus on jobs, not on the deficit...."
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=103x560332

[katnapped]

1. Yea, couple million people dead is a bonus

Population of the country was getting too big anyway...

[Hydra]

7. As long as it's the right people

The poor and the elderly.

[Autumn]

2. Obama to 300 economists

Ignore. la la la la la I can't hear you.

[Bluenorthwest]

3. He has said many times that he is faith based, not fact based

he gets a 'sense of what God wants' and all. Belief is what it is about for him. Reason be damned.

[Autumn]

4. So like the pukes his, god wants

to fuck us all. That's just sad.

[chill_wind]

5. K & R. n/t

[chill_wind]

6. Robert Reich

“There is a serious danger that if we continue with the policies that we are now seeing in Washington, we’re going to have not just a double dip recession, but we are toying with the possibility of much more serious deflation and a US lost decade analogous to Japan’s lost decade.” There are only four sources of economic demand, three of which — consumers, businesses, and export countries — have problems of their own, he reminds us. Government is the last source when all else fails — and all else IS failing. If we can’t learn the lesson from these facts, Reich thinks we risk repeating 1937, when FDR listened to budget balancers and deficit hawks. His move “plunged us back into depths of very deep depression,” and he says we’re in danger of doing the same thing all over again unless we can “stop our obession with short-term deficits and understand both economic logic and history.”

(from the linked article)

[bvar22]

8. Damn!!!

He needs to put away the Reagan books,
and start studying up on "DEMOCRATS".

He sounds more and more like Reagan & the Trickle Down Republicans every day.


"There are forces within the Democratic Party who want us to sound like kinder, gentler Republicans.
I want a party that will STAND UP for Working Americans."
---Paul Wellstone


"By their WORKS you will know them."

[chill_wind]

9. Manufactured hysteria. And Democrats bought it.

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x1469255#top