TGIF: Presidential Hubris

If we were going to spend $700 billion, it seems it would be wiser having that $700 billion going to folks who would spend that money right away.

Barack Obama said those words in defense of his opposition to extending the soon-to-expire 2001 and 2003 tax-rate reductions for people making more than $200,000 a year.

Read the rest of TGIF: Presidential Hubris here.