Bailouts.
Simple. Easy to remember. No need to leave the golf course, or the fundraiser, or the party. Just dial it in.
President Obama wants another $50 billion. According to this Washington Post headline, he's "pleading" for it:
President
Obama urged reluctant lawmakers Saturday to quickly approve nearly
$50 billion in emergency aid to state and local governments, saying the
money is needed to avoid "massive layoffs of teachers, police and
firefighters" and to support the still-fragile economic recovery.
House Majority Leader Steny H. Hoyer understates the obvious:
"I think there is spending fatigue... It's tough in both
houses to get votes."
Spending fatigue? I'll say. I don't think Obama is concerned with spending fatigue, however. His agenda here is clear. The union controlled public sector must be propped up - to hell with the cost.
Helping out his political comrades is standard operating procedure for Barack Obama. When the original stimulus bill was being debated the reliably Democratic feminists came
calling howling. Their complaint? Too much money for the men. All those
"shovel-ready" jobs Obama promised to create are traditionally held by men:
Last November [2008], President-elect Obama addressed the devastation in the
construction and manufacturing industries by proposing an ambitious New
Deal-like program to rebuild the nation's infrastructure. He called for a
two-year "shovel ready" stimulus program to modernize roads, bridges,
schools, electrical grids, public transportation, and dams and made
reinvigorating the hardest-hit sectors of the economy the goal of the
legislation that would become the recovery act.
Women's groups were appalled. Grids? Dams? Opinion pieces immediately
appeared in major newspapers with titles like "Where are the New Jobs
for Women?" and "The Macho Stimulus Plan." A group of "notable feminist
economists" circulated a petition that quickly garnered more than 600
signatures, calling on the president-elect to add projects in health,
child care, education, and social services and to "institute
apprenticeships" to train women for "at least one third" of the
infrastructure jobs. At the same time, more than 1,000 feminist
historians signed an open letter urging Obama not to favor a "heavily
male-dominated field" like construction: "We need to rebuild not only
concrete and steel bridges but also human bridges." As soon as these
groups became aware of each other, they formed an anti-stimulus plan
action group called WEAVE--
Women's Equality Adds Value to the Economy.
The National Organization for Women (NOW), the Feminist Majority, the
Institute for Women's Policy Research, and the National Women's Law
Center soon joined the battle against the supposedly sexist bailout of
men's jobs. At the suggestion of a staffer to Speaker of the House Nancy
Pelosi, NOW president Kim Gandy canvassed for a female equivalent of
the "testosterone-laden 'shovel-ready' " terminology. ("Apron-ready" was
broached but rejected.) Christina Romer, the highly regarded economist
President Obama chose to chair his Council of Economic Advisers, would
later say of her entrance on the political stage, "The very first email I
got . . . was from a women's group saying 'We don't want this stimulus
package to just create jobs for burly men.' "
No matter that those burly men were the ones who had lost most of the
jobs. The president-elect's original plan was designed to stop the
hemorrhaging in construction and manufacturing while investing in
physical infrastructure that is indispensable for long-term economic
growth. It was not a grab bag of gender-correct programs, nor was it a
macho plan--the whole idea of economic stimulus is to use government
spending to put idle factors of production back to work.
Obama didn't disappoint:
...Our incoming president did what many sensible men do when confronted by a
chorus of female complaint: He changed his plan. He added health,
education, and other human infrastructure components to the proposal. And he tasked Christina Romer and Jared
Bernstein, Joseph Biden's chief economist, with preparing an
extraordinary report that calculated not only the number of jobs the
plan would likely create, but the gender composition of the various
employment sectors and the division of largess between women and men.
And where did the money wind up? From a June 4, 2009, AP story:
Remember the "shovel-ready" projects lined up for all that stimulus
money? It turns out social spending, more than construction, is hitting
pay dirt in the huge federal effort to turn the economy around.
...
Most of the roughly $300 billion coming directly to the states is being
funneled through existing government programs for health care,
education, unemployment benefits, food stamps and other social services.
And how was the money supposed to benefit the states?:
John Husing, a Southern California economist, said keeping teachers
and police officers employed should help prevent the recession from
getting worse. But he said the stimulus package would have improved
communities' ability to grow over the long haul if it had dedicated more
money to public works.
While billions of dollars eventually will flow to infrastructure
projects, Democrats who crafted the package say they directed most of it
to existing government programs such as Medicaid and education to
prevent state economies from slipping even more. One goal was to help
fill state budget gaps, keeping teachers and others employed while
strengthening the social safety net.
$300 billion here, $50 billion there. Pacify the feminists, pacify the unions.
John
Hinderaker:
The original "stimulus" bill was
all about keeping state and local
government spending, and the salaries it supports, sky-high. It doesn't
appear that President Obama has a game plan to help the economy, other
than continuing to feed the already-bloated public sector. This is
consistent with his apparently complete ignorance of basic principles of
economics. Democrats in Congress, however, can see the writing on the
wall. It will be interesting to see whether they are willing to brave
voter wrath by stimulating the public sector still further.
Bottom line from Ed Morrissey:
This is a $50 billion bailout to Big Labor — the SEIU, AFSCME, and the
NEA.