President Obama said:
Let me repeat: we cut taxes. We cut taxes for 95% of working families. We cut taxes for small businesses. We cut taxes for first-time homebuyers. We cut taxes for parents trying to care for their children. We cut taxes for 8 million Americans paying for college. As a result, millions of Americans had more to spend on gas, and food, and other necessities, all of which helped businesses keep more workers. And we haven't raised income taxes by a single dime on a single person. Not a single dime.
You fiscal conservatives should have enjoyed that one.
To anyone upset with the stimulus bill, name an industrialized, western nation which was contrarian and didn't stimulate their economy during the recession. I don't think Obama is getting enough credit for preventing us from falling into a depression, the steps taken were in line with the global consensus on how to deal with a recession and most economists agree with Obama. Even fiscally conservative newspapers like the Economist support his decision.
That being said, it would be ideal if Obama decided that government should shrink and become more efficient during this recession. That's what the private sector, and private homes have been forced to do. However, I think he would have risked upsetting a lot of his base if he decided to decrease salaries for government employees, and it would seem hypocritical to say we need jobs and then say we need to shrink the government jobs. An awkward situation.
As for healthcare, I think the failure of the current monstrosity of a bill, as well as the election of Brown in Mass has paved the way for a more bipartisan healthcare bill because the Democrats will be forced to include things that appeal to the Republicans in order to bring them on board. This should lead to a more centrist bill, but I'm hesitant to think it will lower healthcare costs to the extent required because the physician fee for service model also contributes a lot to healthcare costs as shown in that Dartmouth report comparing medical costs across the country
Hopefully, Republicans stop being obstructionist and come to the table with an honest effort at implementing reform, as opposed to just saying "no" in hopes of derailing Obama, and possibly this country as well.
Got a bit off topic, sorry for the rant. Anyone think it was really awkward when he pointed out his wife for doing something obese kids, and everyone was clapping for her and she just sat there?