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Shock & awe economics: the Obama stimulus bill has been called "shock and awe for a shaken nation," a military metaphor that may unintentionally hint at the economic devastation it could cause.(ECONOMY)(Barack Obama)(Cover story)

The New American

| March 16, 2009 | Scaliger, Charles | COPYRIGHT 2009 American Opinion Publishing, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

With the passage of the $787 billion Obama-Democratic Congress stimulus bill, the die has been cast for America's economic future. This, the largest appropriations bill ever passed by Congress, is being variously criticized and applauded from all sides.

President Obama, in his weekly radio address, called the bill a "major milestone on our road to recovery." Senator Max Baucus (D-Mont.), an Obama ally, predicted confidently that the stimulus package "will create millions of good-paying jobs and help families and businesses stay afloat financially," and will also "shore up our schools and roads and bridges, and infuse cash into new sectors like green energy and ...

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Source: HighBeam Research, Shock & awe economics: the Obama stimulus bill has been called...

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