Friday, January 09, 2009

President-elect Obama Economic Recovery Plan - Speech Highlights.

Reversing the Reaganite logic that government is the source of all problems, Obama announces that, "only government can provide the short term boost necessary to life us from a recession this deep and severe".

It's long overdue that someone boldly stated this. The Republican mantra which states that the government is the problem is something which ignores the fact that there are times of national emergency when only the government have the levers of power necessary to take action. Katrina was a case in point as is the current economic disaster.

No comments: