Word: fiscal
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...speech at the Brookings Institution, he wrapped his new stimulus plans in a partisan critique, charging that Republicans "presided over the decision-making that had led to the crisis" and then handed "it over to others to solve." He accused the GOP of "waxing political about fiscal responsibility" and finished his point with a dash of sarcasm: "It's a sight to see." (See the best business deals...
...much spending could yield a loss of confidence in the U.S. and a "double-dip recession." At Brookings, Obama copped to trying to "spend our way out of this recession in the near term" but also announced that "one of the central goals of this Administration is restoring fiscal responsibility...
...Brookings Institution in Washington, he arrived ready to rumble. In place of extended arms, Obama accused Republicans of presiding "over the decision-making" that led to the financial crisis and then handing it "over to others to solve." He decried his GOP opponents for "waxing political about fiscal responsibility," adding, with an uncustomary bit of sharp sarcasm, "It's a sight to see." (See the 10 greatest speeches of all time...
...briefing call with reporters before the speech, a senior Administration official said that even though the unspent and returned TARP funds could not be used directly to fund the new stimulus efforts, they still created an environment in which there was "more fiscal room" for further spending. "There's other offsets over a 10-year period that one could consider as well," the official said, without providing any specifics...
...Those specifics will no doubt come out over the next few weeks and months as Congress attempts to pass a series of large spending bills, which could include a number of the programs that Obama announced. "One of the central goals of this Administration is restoring fiscal responsibility," he said in his speech. But as long as the economy continues in its fragile state, that goal will remain secondary to the more immediate task at hand. Which means that Obama's calls for government spending will keep being met by Republican cries of hypocrisy...