More cowbell!

Matthew Hoy
By Matthew Hoy on September 11, 2011

I watched President Obama’s campaign speech last Thursday to a joint session of Congress. We had to wait for his vacation to be over to get that? Seriously?

“Pass this bill?” What bill? No one’s seen it yet. Rumor has it one will be delivered this week, but once again … things your staff could’ve been doing while you were enjoying Martha’s Vineyard.

I don’t want to hear any more complaints about the Congress not passing the three pending free-trade bills (which have been ready since the end of the Bush administration), until you actually send them to Congress. They couldn’t “pass those bills tomorrow” if they wanted to, because they’re still stacked under the leg of that wobbly table in the White House residence.

Also enraging and exasperating was your hilarious claim that the approximately $450 billion in new (deficit) spending you’re asking for will be paid for by…asking the “super-committee” to cut even more. What a fraud.

Finally, can we just chase Mark Zandi from the punditocracy?

Moody’s Analytics Chief Economist Mark Zandi: “The fiscal boost from the jobs package next year would be larger than in the first year of the 2009 economic stimulus, said Mark Zandi, chief economist at Moody’s Analytics Inc. Zandi, who was briefed on the plan before the president’s speech, forecast passage of the entire jobs package would add 2 percentage points to economic growth next year and bring down the unemployment rate by 1 percentage point compared with current policy, under which a temporary payroll tax cut and an extended unemployment benefits both expire Dec. 31.” [emphasis in original]

This apparently the same Mark Zandi who wrote an impressive document on “How the Great Recession Was Brought to an End” [PDF format] in July 2010. How the end of the recession occurring in 2010 necessitates yet another “successful” stimulus in 2011 is unexplored.

The stimulus was so successful, that we need another.

He does comedy too.

Remember, this guy has been so wrong for so long.


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September 2011



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