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They Said It! Obama’s Economic Policies: Keep Your Fingers Crossed

- September 8, 2011

Democrat Senator Sums Up Obama’s Economic Policies: “Keep Your Fingers Crossed”

Sen. Dick Durbin (D-IL): "It stemmed the bleeding for a short period, but it didn't turn the tide …. For anything less than that, you just have to keep your fingers crossed that it's the right thing at the right moment." (Peter Nicholas and Christi Parsons, “Obama's Jobs Plan To Reflect His More Modest Ambition,” Los Angeles Times, 9/7/11)

Background:

“Even Ardent Supporters” Of Obama Wonder If His Plan Will Be “Adequate To Turn Around Perceptions Of His Presidency.”  “Even ardent supporters of the president wonder whether the new jobs plan will be adequate to turn around perceptions of his presidency. Sen. Richard J. Durbin (D-Ill.) said Obama called him Tuesday and spoke in general terms about the forthcoming proposals. Given the history of the stimulus — a $787-billion package passed in early 2009 that may have kept the economy from getting drastically worse but didn't cure it — there's no guarantee the new plan will make much of a dent, Durbin said. The original stimulus package didn't do enough, Durbin said. ‘It stemmed the bleeding for a short period, but it didn't turn the tide,’ he said. ‘For anything less than that, you just have to keep your fingers crossed that it's the right thing at the right moment.’” (Peter Nicholas and Christi Parsons, “Obama's Jobs Plan To Reflect His More Modest Ambition,”Los Angeles Times, 9/7/11)


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