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This Is Called Snake Oil

Jim Geraghty points out an odd Obama moment in his press conference in Jordan:

In terms of, my conversations with General Petraeus, there’s no doubt that General Petraeus does not want a timetable. I think he has said that publicly. And he is, and as I said, in his role, he wants maximum flexibility to be able to do what he believes needs to be done inside of Iraq. But keep in mind, for example, one of General Petraeus’s responsibilities is not to think about how could we be using some of that $10 billion a month to shore up a U.S. economy that is really hurting right now? If I’m President of the United States, that is part of my responsibility.

So Barack Obama is suggesting he wants to apply $10 billion a month to shore up the U.S. economy. Interesting. The gross domestic product of the United States was nearly $14 trillion last year. That means the economy generates about $1.2 trillion per month. Obama’s $10 billion savings from Iraq wouldn’t even constitute one percent of the U.S. economy. That’s really going to help a lot.

This is nothing more than snake oil. Obama surely knows transferring $10 billion from Iraq to domestic programs isn’t going to help the economy, and in any case, under his own plan, that money wouldn’t begin flowing to the suffering people of the United States until 2010 — at which point, it is devoutly to be hoped, the economy will have at least begun to right itself. But as we know, he speaks, and no one at these press conferences ever challenges him. Scandalous.


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