Could the stimulus' ineffectiveness save us from more bad policy?
That's the subject of a new commentary I have up at npri.org. I look at how the increased public perception of the stimulus as a failure has undermined President Obama's credibility on economic issues, which may complicate his efforts to win the public's trust on cap-and-trade and the governmental takeover of health care.
Now, when fiscal conservatives warn that cap-and-trade would result in an increased tax burden on ordinary citizens, they'll find a more sympathetic audience. When they predict that the President's health care plan would amount to just another inefficient, unaffordable federal entitlement program, they'll be taken very seriously. That's their reward for having been proven right about the stimulus.
Read the full piece here.