As I have tried to explain the conclusions I came to, I have made some new discoveries about what I think is going on.
This plan is purposeful obfuscation, call it Obamafuscation.
Obama-rama (as I like to call it) features two goals: speed and punch. Obama is pushing for speed faster than George W. Bush trying to jam his Iraq War bill though Congress. Even more important (perhaps?) he is pushing for punch. Spending has more of it than tax-cutting since the multiplier is larger. So spending it is...or is it?
A Hallmark moment: belated stimulus...
The spending multiplier is bigger. Every introductory economics student knows this about the spend Vs tax cut multiplier, just as preschoolers
I WANT IT ALL!!!
What do you do when speed and punch conflict? This is no Muhammad Ali plan (float like a butterfly, sting like a bee). It's more like float like a lead balloon, bite like a flea. It seems when these goals conflict, the Obama guys spring in favor of spending. Why? I think it is because the secret plan is to control the outcome. If you give tax cuts as your main stimulus, you lose control of how monies are spent. If you do the spending, you control where and how money is spent. You get $X of stimulus and you get it where you want it right there in your favorite agenda projects.
Who's on First?
Now that suggests another hierarchy in choice. You can choose to whom to give money or how to spend it. While the Obama-rama plan has some tax cuts that do target certain people, the larger spending portion will target 'what' instead of 'whom'.
President as Sacred Cow
There are clandestine choices that underlie the spending plans that no one has been able to rationalize. We do not have a good enough map of the spending to truly know what it is. And anyone who disagrees with the new president is branded as nearly a triator. Hey hold on about closing down Gitmo after all.
Nothing up my sleeve...
Barack has begun his first foray into policy with a plan that is either a hopeless muddle or a brilliant piece of politics that no one can understand or oppose. He has dedicated his stimulus plan to conflicting goals allowing him and his staffers to switch back and forth like the guy doing three card Monte on Broadway- oh 'scuse me that was an investment banker!
The truth lies somewhere. Unfortunately in this administration it appears to be buried about as deeply as it was in the last administration.
Call it Obamafuscation.