They say voters have short memories, and apparently the Democrats took that -- not the American people -- into consideration last week when they jammed their "stimulus" package down Congress' throat.
Now, all of a sudden, the White House is issuing dire warnings to the American people, telling them not to get too excited about the idea of a quick recovery.
White House senior adviser David Axelrod and White House spokesman Robert Gibbs took to the talk show circuits Sunday to downplay the supposed excitement that passage of the $787 billion "emergency" stimulus plan is "expected" to generate. These warnings come after the President got his wish -- to get a stimulus bill passed by mid-February -- exactly on time.
"There will be signs of activity very quickly," Axelrod said on "Fox News Sunday." "But it's going to take time for that to show up in the statistics. The president has said it's likely to get worse before it gets better."Speaking to Bob Schieffer on "Face the Nation," Gibbs had this to say:
"One caution I have, Bob -- I don’t think there’s any doubt that we’ve seen this economy has gotten worse just in the last few months," Gibbs said. "The acceleration in job loss probably means that this economy is going to get worse before it gets better."While both Axelrod and Gibbs are willing to say that it'll be awhile before the economy is measurably better, neither are willing to say when that measurement should be taken.
What President Barack Obama and the Democrats seem to be counting on with regard to the stimulus plan is the hope it will bring to people. It's the one thing that keeps cropping up wherever Democrats are asked to discuss the specific ways in which the American Recovery and Reinvestment Act of 2009 will help people. Democrats believe the stimulus plan will somehow reassure the panicked investors who went into hiding in 2008 and get them to reinvest in 2009. Since the bill's passage, however, there hasn't even been a hiccup of response in the market. At least when the bailouts were announced, there was a minor market reaction. The stimulus? So far it has generated nothing.
It has really bothered me that so much of the stimulus package isn't designed to kick in for another 18-24 months. Then, I heard Obama say that if the stimulus doesn't get the economy moving again, he'll be "out of a job" by 2012. That's when it hit me.
When car makers design a vehicle to wear out after several years in order to keep money flowing back into the industry (brake pad replacements, bearing replacements, oil changes, transmission overhauls, etc.), it's called "implied obsolescence."
I guess when government designs legislation to kick in after several years in order to keep the ruling party in power, it must be called "implied liberalism."
Axelrod Photo © Alex Wong/Getty Images
Gibbs Photo © Leslie E. Kossoff/Getty Images
See more on the 2009 Stimulus Plan and the Corporate Bailouts of 2008-09