Summer of recovery was a big bust

The Obama administration's recovery summer has ended. It was a great summer, but there's no recovery. The designer of the economic stimulus package, Christina Romer, chair of the White House Council of Economic Advisers, resigned this month. With national unemployment at nearly 10 percent, housing construction starts at a low point and August the worst new car sales in years, her resignation is understandable.

One wonders where the president and vice president get their optimistic views. The economic stimulus package failed. That is the same package that Speaker of the House Nancy Pelosi said to pass so we could see what was in it. So much for transparency and throwing billions of dollars at the recession with little or no effect.

Next is the battle to extend President Bush's tax cuts. If that is not done, we will find out what kind of an economy we have with no trickle down of wealth effect. Without the Bush tax cuts being extended and with the specter of Obamacare looming in the future, we will experience a double-dip recession that will take even longer to recover from than the current economic calamity.

BILL WOOD
Oakdale