In an article scolding the president ? mildly ? for rejecting an even larger stimulus package than the ones he?s presented to date, Newsweek offers this assessment:
Obama?s cautious, late embrace of Volcker was all too typical. He had arrived in office perceived by some as the second coming of Franklin Delano Roosevelt. Yet Obama hadn?t acted much like FDR in the ensuing months. Instead he had faithfully channeled Summers and Geithner and their conservative approach to stimulus and reform. Early on, Obama?s two key economic officials had argued down Christina Romer, the new chairwoman of the Council of Economic Advisers, when she suggested a massive $1.2 trillion stimulus to make up for the collapse of private demand. They opted for slightly less than $800 billion. [Emphasis added.]
Conservative? Really? Because conservatives have had so many nice things to say about government stimulus measures?
