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Stimulus Politics Is Fleeting, the 2008 Realignment Isn't
By Steve Kornacki, New York ObserverOn Sunday's "Meet the Press," David Gregory confronted David Axelrod, one of President Obama's chief advisers, with a respected economist's grim conclusion that the stimulus package Obama will sign on Tuesday simply isn't big enough and that the unemployment rate will hover around 10 percent at the end of 2010.
"You heard people saying it was too small, you had people saying it was too large," Axelrod replied. "We believe it's where it should be."
That might be wishful thinking. As Gregory pointed out, the economy is currently underperforming by nearly $3 trillion; a stimulus package worth one-quarter of that surely won't hurt, but it raises the possibility that, when they focus on the '10 midterm election 18 months or so from now, Americans will judge the stimulus plan a failure - and take out their frustration on Obama's party. read more »
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