Here's what I didn't know about Barack Obama: he is incredibly long-winded. He only took 13 questions in the hour, mostly because he went on and on and on in his answers, sounding like he was giving a campaign speech. His answer to the very first question lasted over ten minutes!
He claimed that the package was without a single "earmark." Laughable! The whole thing is one giant earmark.
The saddest part of this whole thing is that President Obama blew a wonderful opportunity to live up to the rhetoric of his campaign. Leaving aside the question of whether this kind of stimulus is good or bad for the economy - that is debatable, and will be debated for a long long time.
But Obama campaigned saying he was going to change how Washington operated, that he was different, that the politics of fear was over. So the first thing he does is hand off the architecture of a trillion dollar stimulus bill to Nancy Pelosi! What did the think she was going to do with it?
Then he tries to scare us into accepting this toxic waste dump of ridiculous spending programs, a good bit of which will just go directly to the federal government baseline, which will have to be rolled up year after year, costing taxpayers hundreds of billions in future commitments.
Had Obama told Pelosi "if you send me a package with a bunch of crap in it, I will veto it," he would have gained so much credibility with the American people. He blew it. Now he has this pig he has to try and put lipstick on (which what his press conference was for) and everybody knows that the Democrats just used the crisis to pass off all their spending wet dreams, and Obama went along.
So the New Politics lasted about two weeks.