Millions of Americans have voted for Barack Obama to "fix" our economy and are breathlessly awaiting his inauguration so that he can implement his plans to "get America back to work." Are those voters ever in for a surprise.
In a November 22 radio address, Obama stated that "we are facing an economic crisis of historical proportions" (true enough) and that "we must do more to put our people back to work and get our economy moving again."
How does our new president-to-be intend to achieve this result? Obama declared that "I have already directed my economic team to come up with an Economic Recovery Plan that will mean 2.5 million more jobs by January of 2011," and that "we'll put people back to work rebuilding our crumbling roads and bridges, modernizing schools that are failing our children, and building wind farms, solar panels, fuel-efficient cars, and alternative energy technologies ... "
This, I submit, is the worst kind of economic claptrap, and is easily demonstrable as such.
