Perspective from Sowell

What Obama Says vs. What He Does

Consider the "stimulus" legislation. Here the administration was successful in rushing a massive spending bill through Congress in just two days-- after which it sat on the President's desk for three days, while he was away on vacation. But, like the medical care legislation, the "stimulus" legislation takes effect slowly.

The Congressional Budget Office estimates that it will be September 2010 before even three-quarters of the money will be spent. Some economists expect that it will not all be spent by the end of 2010.

What was the rush to pass it, then? It was not to get that money out into the economy as fast as possible. It was to get that money-- and the power that goes with it-- into the hands of the government. Power is what politics is all about.