I about popped a blood vessel in my head after reading this today:
President Bush said Thursday the country is not recession-bound and, despite expressing concern about slowing economic growth, rejected for now any additional stimulus efforts. "We acted robustly," he said.
"We'll see the effects of this pro-growth package," Bush told reporters at a White House news conference, acknowledging that some lawmakers already are talking about a second stimulus package. "Why don't we let stimulus package 1, which seemed like a good idea at the time, have a chance to kick in?"
It "seemed like a good idea at the time"? WTF? This paints a very disturbing mental picture. A bunch of Bush cronies (none of whom have a background in economics) sitting around a conference room with him tossing out random ideas on how to fix the economy. Someone chimes in with "Hey, why don't we give everyone an advance on next year's tax refund. People will just go out and spend it on big screen TVs, which will pump up the economy." Bush ponders for a few seconds. "That's genius. By the time the Amurican public figgers out they have to pay it back next year, the Dems will be in charge and we can blame it on them!"
But when the highly anticipated turnaround doesn't materialize on his watch, Bush retorts, "It seemed like a good idea at the time." Jesus Tap Dancing Christ. How will we ever recover from the past eight years of this man?