Now I think the Obama administration is going to pay a price for not having acknowledged the problems with the stimulus bill they signed in January…If the administration felt that was the best they could get, then fine—you sign the bill and take what you can get. But they should have clearly and publicly articulated that while the ARRA was a useful step, it would likely prove inadequate to the scale of the problem. Then in the event that it did prove inadequate, they could say they had pointed this out at the time and maybe the Senate should stop ruining everything.
Instead, though, they proclaimed themselves pleased as punch with ARRA which now creates a situation where it’s not clear what they can really say.
It would have been really awesome if our elite bloggers would have been out in front of this back in February. But I guess in that case you wouldn’t need 1115.org.