It appears that someone was on the receiving end of the clue bat after last week's electoral wipeouts in New Jersey and Virginia:
President Barack Obama plans to announce in next year's State of the Union address that he wants to focus extensively on cutting the federal deficit in 2010 – and will downplay other new domestic spending beyond jobs programs, according to top aides involved in the planning.
The president's plan, which the officials said was under discussion before this month’s Democratic election setbacks, represents both a practical and a political calculation by this White House.
On the practical side, Obama has spent more money on new programs in nine months than Bill Clinton did in eight years, pushing the annual deficit to $1.4 trillion. This leaves little room for big spending initiatives.
Having never seen it put in such stark comparative terms, I nearly stopped reading after that Obama-Clinton spending factoid. Thanks, Politico, that's a FunFacttm I'll never tire of deploying.
But do please read the whole thing. It's quite entertaining to see the horror in the eyes of the Dems as they realize what exactly they've done in the past 9 months. It's like they woke up from a drinking binge in a bed full of their own vomit.
(h/t: memeorandum)
UPDATE: Go ahead, dip your balls in it:
October’s report from the Department of Labor showed the unemployment rate hitting 10.2 percent last month, the highest level since April 1983.
Unemployment wasn’t expected to hit double digits that soon, and many economists now warn they do not expect the jobless rate to drop until at least next summer; in the most recent recessions, unemployment has not stopped rising until a year after the recession’s end.
That could doom dozens of incumbent lawmakers in the House and Senate, jeopardizing the large majorities Democrats enjoy in both chambers. That, in turn, could make it impossible for Obama to move his agenda forward in the latter half of his first term.
The gloomy statistics are “a wake-up call,” according to Heidi Shierholz, an economist at the left-leaning Economic Policy Institute.
But, QUICK!, remove your balls ... for here's what the lefty economist is prescribing:
“Unless Congress authorizes substantial additional spending for job creation, unemployment will remain elevated for years to come,” Shierholz said in a statement responding to the Labor report.
In other words --- Stimulus II.
Heidi, here's a hint: When it's MASSIVE DEFICITS that has Independents sprinting into the open arms of Tea Party-enthused Republicans, you really shouldn't spend anymore.
How about verboten ax-tay uts-cay instead?
Anyway, it's sad to see Dems finally conclude that their spending binge is a real, structural problem now. But it's downright hilarious that they're gonna double down on a failed stimulus.
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