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Wednesday, March 21, 2012

Did Obama Delay Stimulus Spending to Aid His Reelection? Nope.

 The Washington Post's fact checker gets this one right:

Did Obama delay stimulus spending to aid his reelection?, by Glenn Kessler:

“Stimulus was supposed to be quick. In fact, they never intended to spend it and will not completely have effectively spent it until after the president’s re-elect. Always looking at how do you get the maximum hit when the president was up for re-elect.” — Rep. Darrell Issa (R-Calif.), chairman of the House Oversight and Government Reform Committee, March 19, 2012

This is a pretty serious charge by a senior member of the House of Representatives, made on “Fox and Friends” earlier this week. ... We immediately thought he must have some damning evidence that his investigators had turned up. But when we asked for more information,... his staff could not provide much...

Did the law purposely hold back funds so there could be a “maximum hit” during the president’s re-election campaign? We could not find any evidence to support this claim. ...

I find it amusing that Issa is asserting that that the stimulus worked, and worked so well that it can be used to strategically manipulate the election.

Given that he believes stimulus can be that effective, can we count on his vote if another round of stimulus comes up, or will he put politics ahead of people and vote no? We know how he voted on the ASSA:

I joined 187 of my colleagues in voting against this bill on January 28, 2009. The $825 billion economic stimulus package proposed by President Barack Obama, House Speaker Pelosi and Senate Majority Leader Reid is unlikely to be a catalyst for economic growth. ...

Since he thinks stimulus works to help people, and he voted against it, it seems he is the one putting politics first. But as you might have guessed, he doesn't really think the stimulus package worked:

Instead of injecting new life into the economy, the bill will support a massive growth of government ... and miss an opportunity to reinvigorate the economy

Is that what he means by getting a "maximum hit when the president was up for re-elect," that "massive growth of government" is the key to reelection? More likely he was blowing it out of his, uhm, ears.

    Posted by on Wednesday, March 21, 2012 at 05:27 PM in Economics, Fiscal Policy, Politics | Permalink  Comments (59)


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