Wednesday 12 October 2011

Obama Loses Big on Jobs Bill

Yahoo News
"Nothing quite illustrates the depth of Barack Obama's weakness in Washington better than the painfully public defeat the Senate handed him Tuesday by blocking his signature American Jobs Act. ......The defeat was a sharp rebuke for Obama that amounted to a vote of no confidence on the economic policies of recovery spending that he’s championed for years, namely his idea that flooding the economy with public money will jump-start the private sector. But even Obama’s fellow Democrats seem to have developed sufficient spending fatigue to put the brakes on new outlays, while the most moderate Democrats say the economy will never recover as long as the deficit continues to spiral out of control."

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