April 21, 2009

IS OBAMA LOSING PAUL KRUGMAN?

$100 million here, $100 million there “pretty soon, even here in Washington, it adds up to real money,” says the president.

Except, you know, really it doesn’t. Let’s say the administration finds $100 million in efficiencies every working day for the rest of the Obama administration’s first term. That’s still around $80 billion, or around 2% of one year’s federal spending.

Yeah, this was a lame effort.