Wednesday, February 4, 2009

Obama on GOP Capitalism Theory of Stimulus: "I Reject Those Theories, and So did the American People when they went to the polls..."

The Washington Post treated as new President Obama’s rejection of the old failed Republican solutions to economic growth, with his comments today that simply restated his nomination night victory speech, shown in the short segment below. It would appear the public needs a gentle reminder (not us of course):
Stepping up his pressure on Congress to pass his economic stimulus plan, President Obama reminded lawmakers that he had won the election -- and that voters had already rejected old solutions to fixing the economic crisis.Obama said he was aware of the criticism of his spending package, but said the criticisms were rooted in "the very same failed theories that helped lead us into this crisis in the first place," including the notion that tax cuts offered the best path to a recovery."I reject those theories, and so did the American people when they went to the polls in November and voted resoundingly for change," Obama said. "So I urge members of Congress to act without delay."

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