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Obama's Plan 'Bolder, Better Than Expected'

Pundits from left and right generally praise address

By Mark Russell,  Newser Staff

Posted Sep 9, 2011 3:21 AM CDT | Updated Sep 9, 2011 7:48 AM CDT

(Newser) – Pundits handed out good grades aplenty for President Obama's new jobs proposal last night, with generally positive feedback from liberals like Paul Krugman—but also from conservatives like David Frum and Andrew Sullivan.

  • Krugman writes in the New York Times that he was "favorably surprised by the new Obama jobs plan, which is significantly bolder and better than I expected." Still, "it's not nearly as bold as the plan I’d want in an ideal world. But if it actually became law, it would probably make a significant dent in unemployment." Of course, Krugman holds out little hope that the GOP will let it pass.

  • It was a "cunning speech," muses David Frum on FrumForum. Economically, it's better than the 2009 stimulus, and, politically, it helps Obama's re-election chances, he adds. But the strongest aspect was using proposals Republicans had previously advocated, which "ingeniously put Republicans into an awkward spot," Frum writes.
  • "This was a blunt, potent, confident attempt to win back the hearts of a disillusioned base, while appealing to the center in ways Republicans may feel a little leery of rejecting," writes Andrew Sullivan. "Game on, in other words."
  • No love, though, from the Wall Street Journal. "Had Mr. Obama proposed a permanent cut in tax rates, or a major tax reform, or a moratorium on all new regulations for three years, he'd have our support," the paper notes. "But you have to really, really believe in hope and change to think that another $300 to $400 billion in new deficit spending and temporary tax cuts will do any better than the $4 trillion in debt that the Obama years have already piled up."
Click for reactions to the speech from the 2012 GOP candidate crew and more. (Herman Cain: "We waited 30 months for this?")

President Barack Obama arrives to address a joint session of Congress on Capitol Hill in Washington last night.
President Barack Obama arrives to address a joint session of Congress on Capitol Hill in Washington last night.   (AP Photo/Kevin Lamarque, POOL)
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COMMENTS
Showing 3 of 172 comments
gzuckier
Sep 9, 2011 9:21 PM CDT
I don't know what they have to say,it makes no difference anyway - whatever it is, I'm against it! No matter what it is or who commenced it, I'm against it!Your proposition may be good, but let's have one thing understood - whatever it is, I'm against it! And even when you've changed it or condensed it, I'm against it!I'm opposed to it. On general principles I'm opposed to it.For months before my son was born, I used to yell from night to morn - "Whatever it is, I'm against it!" And I've kept yelling since I first commenced it, "I'm against it!"
freethemall
Sep 9, 2011 12:58 PM CDT
From Krugman New York Times column: “Imagine that inflation was running at 5 percent against our inflation objective of 2 percent. Is there a doubt that any central banker worth their salt would be reacting strongly to fight this high inflation rate? No, there isn’t any doubt. They would be acting as if their hair was on fire. We should be similarly energized about improving conditions in the labor market.
Non-deep-thinker
Sep 9, 2011 11:47 AM CDT
It's a giant I.O.U. dropped on the future.  It's a half a trillion dollar balloon payment hidden by accounting gimmicks so slippery they won't even tell what they are... a balloon payment timed -- coincidentally -- to come due when these people are no longer around anywhere, and no longer in office. You can't get them to own anything NOW, in the present, that they've failed at.  Just imagine for a moment trying to get them to own something in 2018 that they put together 6 or 7 years earler.  The laughter issuing from their little retirement community on Martha's Vineyard would peal out over hill and dale at that notion.

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