Last week President Obama warned Americans not to spend money like the federal government does. Specifically, don’t go to Las Vegas and bet it all on one spin of the roulette wheel.
Then this week he traveled to Las Vegas and said, “We’re going to spend another $1.5 billion on another wacky liberal scheme to save your house. And by the way, vote for Harry Reid.” OK, perhaps that’s not an exact quote, but it’s a reasonable approximation.
Obama’s move, detailed by aides in advance of his town hall here Friday, is the latest by a White House determined to show it is helping families rebound from a deep recession. The downturn is taking an election-year toll on Obama’s party as voter frustration builds.
Obama was to announce that housing finance agencies in the five hardest-hit states in the housing crisis will receive $1.5 billion to help spur local solutions to the problem. Those five are Arizona, California, Florida, Michigan and Nevada.
Sure, those states are hard hit. But Obama announced his largesse in Las Vegas was to help the hardest hit of all, poll-challenged Nevada Senator Harry Reid.
This guy has poll numbers that make Obama’s look positively robust. And $1.5 billion of your tax dollars is a mere pittance if it will help keep one Democrat in office.
Source: Associated Press
This post was last modified on February 21, 2010
