From Hot Air:
ABC Reports today that White House spokesman Robert Gibbs said at a briefing Thursday,
The $787 billion “American Recovery and Reinvestment Act” (AARA) was not designed for full economic recovery, but rather to “stabilize” the downturn. That’s the word from White House officials today, who held off-camera briefings with reporters on how the AARA is working so far. “This legislation was designed to cushion the downturn,” said White House Press Secretary Robert Gibbs.”
Right. Not to call you a liar, but . . . your boss, President Obama, said in January when you were scare-mongering the passage of the stimulus (sorry) “stabilization” bill:
That is why I have moved quickly to work with my economic team and leaders of both parties on an American Recovery and Reinvestment Plan that will immediately jumpstart job creation and long-term growth. …
There is no doubt that the cost of this plan will be considerable. It will certainly add to the budget deficit in the short-term. But equally certain are the consequences of doing too little or nothing at all, for that will lead to an even greater deficit of jobs, incomes, and confidence in our economy. It is true that we cannot depend on government alone to create jobs or long-term growth, but at this particular moment, only government can provide the short-term boost necessary to lift us from a recession this deep and severe.”
If the stimulus wasn’t meant to stimulate economic recovery, why is the website called recovery.gov?
People, be warned. This is a precursor for the second stimulus bill that is going to soon be formally proposed (and is already being proposed by some in the Administration). By saying that the fist bill was not a stimulus bill, they are laying the groundwork a second stimulus bill, which they will insist is really the first one, since the one in January was never really intended to be a stimulus, but merely a “stabilization bill.”
Ladies and gentlemen, I give you …. (drumroll)
Hope. Change. (And a big fat memory zapping device).