In a burst of refreshing and rare political honesty, Oregon’s Governor actually said out loud something he’s been loathe to do: Admit the Obama economy sucks and it isn’t getting better anytime soon.
The President has hit the campaign trail to tout his “recovery summer,” and sent out Treasury Secretary Tim Geithner to sell the so called “recovery.” The Governor apparently doesn’t buy the hype. In electing to take the public employee union “stimulus” (teacher bail out) money (here), this is what he said,
“Given the performance of the national economy during the past few months, we should anticipate further revenue losses until a recovery clearly takes hold”
In other words, there isn’t a recovery going on now and spending this money is only a one shot deal.
As an aside, I wonder what will happen with this latest bail out. Companies have to pay back their bail outs and many have. What do the teachers unions do? Oh, wait, that’s right, they re elect Democrats.