Friday, January 23, 2009

Obama expects economic stimilus plan by Feb. 13; president will need a lot of luck for that feat

President Obama said today he expects to sign an economic stimilus plan on Feb. 13, Abraham Lincoln's 200th birthday.

Good luck. The extremes of both parties in Congress are very far apart at this late date, separated by tax breaks and more spending.

I do not believe either party's leaders will be able to deliver needed numbers. And with the appointment of an opponent of TARP to be New York State's new U.S. senator, Obama faces a potential foe with his plan.

If there is one certainty in the legislative process, delay is the standard. Setting a date for passage and signing legislation into law only ensures failure, a bad precedent to set for a new presidency.

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