Just two days after announcing the escalation of the war in Afghanistan, President Obama held a jobs summit:
With unemployment levels above 10 percent, Obama said “We cannot hang back and hope for the best.”
But, mindful of growing anxiety about federal deficits, Obama also tempered his upbeat talk with an acknowledgment that government resources could only go so far and that it is primarily up to the private sector to create large numbers of new jobs.
He said while he’s “open to every demonstrably good idea … we also though have to face the fact that our resources are limited.”
Beyond the question of why a Democratic president is giving lip service to deficit hawks at a moment that screams for more Keynesian stimulus, the real question is this: why is it that we have to endure nearly a year of grueling political games just to get a weak, watered down health care bill that we have been told, all along, has to be deficit-neutral, yet no one bats an eye at throwing tens of billions more each year into wars?
A couple weeks ago, CBS News reported: