Obama: We're In 'Era Of Profound Irresponsibility'
He's not even in office yet and President-elect Barack Obama has already christened the past several years and presumably the time we're still in as "The Era Of Profound Irresponsibility."
It's not quite Jimmy Carter's "National Malise" or Ronald Reagan's "Morning In America," but it'll have to do for now. (The Era Of Profound Irresponsibility could also describe The Ticker's college years.)
Obama is delivering what his aides have called a major economic speech right now at George Mason University in Northern Virginia where he's making the case for his up-to $800 billion government-funded economic stimulus plan.
If supply-siders and free-marketers were starting to warm up a little to Democrat Obama, with his promised tax cuts, they're probably recoiling in horror right now, based on something Obama just said: "Only government can break the cycle" of bad events that led the U.S. into the current economic crisis.
FDR, white courtesy phone please.
January 8, 2009; 11:30 AM ET
Categories: The Ticker | Tags: Obama, economy, stimulus plan
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