The Spectacle Blog

Economy Not So Bad, Obama Says: Then How About We Cancel the Stimulus?

By on 3.13.09 | 12:44AM

President Obama now admits the economy isn't really as bad as he said it was last month when he was trying to stampede Congress into embracing his bloated so-called stimulus package.

"I don't think things are ever as good as they say, or ever as bad as they say. Things two years ago were not as good as we thought because there were a lot of underlying weaknesses in the economy. They're not as bad as we think they are now," he told business leaders Thursday.

This stands in stark contrast to the president's tone on Feb. 4 when he was forecasting economic Armageddon if Congress didn't give him everything he wanted immediately: "A failure to act, and act now, will turn crisis into a catastrophe and guarantee a longer recession, a less robust recovery, and a more uncertain future."

Given that things are now, unlike in February, looking so rosy, how about we rescind the stimulus funding? After all, the president now suggests we don't really need it.

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