You Don't Say: Obama Tempers Expectations Over Porkfest Fixing Economy

So, now that President Obama is set to sign the multi-trillion dollar porkfest into law on Tuesday, he's already attempting to manage expectations that the porkfest will not turn around the economy right away.

He's already laying the groundwork for another porkfest package just in case the economy doesn't improve even modestly under the weight of the current porkfest.

That's the Democrats' solution to all problems. Throw massive amounts of money at the problem and pray that something sticks. Oh, and just hours after saying that this bill needed to be passed by Congress to save the economy, President Obama will now not sign it until Tuesday? I guess he realizes he needs to get the press coverage that a weekday brings, not simply signing it into law on a holiday weekend when fewer people are paying attention. It was a hurry up and pass the bill without reading the damned thing so it can sit until such time that the press coverage will be maximized. Since it wasn't going to be signed until Tuesday at the earliest, Congressional Democrats - Harry Reid and Nancy Pelosi rammed through this bill with a minimum of debate that would have exposed the extent of this fiscally irresponsible and foolish legislation.

Even the New York Times was forced to admit yesterday that the tax cuts in the bill hold out the only hope for a modest boost in the immediate future; the rest of the porkfest may generate jobs years into the future.

The $787 billion plan — a combination of fast-acting tax cuts and longer-term government spending on public works projects, education, health care, energy and technology — was smaller than Democrats first proposed.

Yet, Obama and the Democrats cut the level of tax cuts to trim the massive bloated porkfest down below $800 billion initial outlay, to amounts that Democrats like Michelle Obama had previously derided as being insufficient to stimulate the economy when President Bush offered them up last year.

Meanwhile, the economic illiterates in Congress are now looking to take over the banking industry and the carmakers are now claiming they need yet another multi-billion dollar bailout because they can't make ends meet and agree with the unions on a modification of contracts that would save jobs. Providing the bailout to the automakers was the height of folly, and Congress will again bail out Chrysler and General Motors in a futile attempt to curry favor with automakers and unions that cannot and will not adapt to current economic realities. Ford has thus far avoided taking any federal monies, and if I were in the market for a car, I would seriously consider them on that basis.