it's fascinating really to see how the critics of the current administration are reacting to the apparent success of the obama team's handling of the recession.
when the recession was threatening to turn into a real depression, the administration reacted with speed to address what they saw as the issues: lack of liquidity in the financial markets and a lack of faith by the public that there was a sense of what to do about the problems.
so here we are 9 mos later...the markets seem to be relatively stable, the public isn't freaking out, there is a general sense that we have indeed avoiding a meltdown, and the critics still do not want to give any credit to what the obama team has accomplished, but rather bitch and moan.
while they scream about the too high federal deficit, they also scream about not spending more of the stimulus funds. the obvious contradiction isn't seen by them, which in itself would be darn funny if it wasn't so irritating.
give credit where credit is due, and the obama team has done well so far in handling the situation. that doesn't mean they get a pass for the future, let's see how they maneuver around the need for reduction in the amount of money floating in the economy, the ridiculous deficit, and the clear fact that interest rates will not stay and so low a level forever.
a good job so far, plain and simple.
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