White House Already Admits Stimulus Won't Work… But Thanks For Funding Our Pet Projects, Guys!

“Don’t expect miracles… It’s likely to get worse before it gets better.”

David Axelrod
White House Senior Advisor
On the Trillion Dollar Generational Theft Act
February 15, 2008

What? It’s not even signed into law yet and already the media and White House are admitting that their trillion dollar Generational Theft Act won’t work!

White House Senior Advisor David Axelrod admitted today that the trillion dollar Generational Theft Act, the largest transfer of money from the private sector to government in the nation’s history, will do little to address the problem.
Reuters reported:

WASHINGTON (Reuters)- President Barack Obama’s aides warned Americans on Sunday not to expect instant miracles from the $787 billion economic stimulus bill he will sign this week, but said it would help eventually.

Obama is due to sign the bill passed last week by Congress in Denver on Tuesday. It was the first major legislative victory of his young presidency, which could rise or fall with its success or failure.

“There will be signs of activity very quickly,” David Axelrod, the White House senior adviser, said on “Fox News Sunday.” “But it’s going to take time for that to show up in the statistics. The president has said it’s likely to get worse before it gets better.”

Well, at least they got their pet projects funded.
That’s important.

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