July 17th, 2011at 02:24pm Posted by Eli
MR. HARWOOD: Tomorrow you’re going to give a speech and talk about your economic stimulus package…It looks like it’s going to be at the high end of your range, around $775 billion. If it’s correct that, as your aides have said, the danger is doing too little rather than too much…why stop at $775 billion? Why not go to the 1.2 trillion (dollars) that some economists have recommended?
PRESIDENT-ELECT OBAMA: …We’ve seen ranges from 800 to 1.3 trillion, and our attitude was that, given the legislative process, if we start towards the low end of that, we’ll see how it develops….
That’s the Obama approach to negotiating in a nutshell right there, and the results have been predictably awful. Look, if someone says they’re going to open with their minimum position and then work their way towards their maximum position, they are either clueless, lying about which direction their max position is… or a Republican on the other side of the table from Obama.