http://www.informationclearinghouse.info/article23713.htmWhen the economic collapse began a year ago, many Americans took comfort in the historical parallels with the Great Depression. As it had in 1929, the current crisis began under the clueless reign of a Republican, George W. Bush. Universally reviled since his non-response to Hurricane Katrina had exposed him and the men around him as both uncaring and incompetent — either one was forgivable, not both — Bush had reacted in the classic cold-blooded Republican form embodied by the president who gave his name to the Hoovervilles.
But all was not lost. The Democrats were coming in! Barack “Yes We Can” Obama was running well ahead in the polls. Soon our new FDR would clean up Bush’s mess.
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Nine months into his presidency, however, it is clear that Obama is more Hoover than FDR. There has been virtually no investment in public infrastructure. There will be no public jobs programs. According to The New York Times, “Obama’s economic advisers are sifting options for a new package of tax cuts and other job creation measures to be unveiled in next year’s State of the Union address.”
No one in Congress has proposed a single jobs-creation bill. Instead, they’re working to extend unemployment benefits to 79 weeks.
Is Obama stupid? Or is he crazy? More than one out of five Americans is jobless. Many more are underemployed. There are six job seekers for every job. Inflation is out of control. Yet he thinks we can wait until January 2010? Does he really believe that tax cuts create jobs?
When Bush flew home to Texas, we thought we were getting an FDR to replace a Hoover. Instead, we got another Hoover.