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Somewhere in Austria, an economist is laughing
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Okay, maybe more like a hundred.
The stimulus package was a huge victory for Obama less than one month into his presidency. But he struck a sober tone and lowered expectations for an immediate turnaround in the severe recession that is well into its second year.
"None of this will be easy," he said. "The road to recovery will not be straight. We will make progress, and there may be some slippage along the way."
Still, he declared, "We have begun the essential work of keeping the American dream alive in our time."
It's not like the bar for president is set very high, but still, I'm not sure any president sewed his fate as a complete failure inside his first month in office.
The Welfare State: the American dream! Rejoice!
By the way, if you have no idea what I'm talking about, get yourself to Mises.org now.
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