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Yet Another Reason To Fear The Stimulus

by @ 5:39 pm on February 23, 2009.

Obama’s put Joe Biden in charge:

President Obama has turned to his own vice president to oversee implementation of the $787 billion economic stimulus package, part of which will be available this week for state Medicaid programs.

Obama announced his decision before the National Governors Association in Washington on Monday, saying Vice President Joe Biden will help ensure the distribution of the money is not just swift, “but also efficient and effective.”

“The fact that I’m asking my vice president to personally lead this effort shows how important it is for our country and future to get this right,” he said.

Biden, in his new role, would meet regularly with key members of the Cabinet, governors and mayor to make sure their efforts are speedy and effective. He is expected to make regular reports to the president that will be posted online at www.recovery.gov.

Reason’s Nick Gillespie has the line of the day about this one:

It’s like Jimmy Stewart turning over his bank’s money to Uncle Billy for safekeeping in It’s a Wonderful Life.

And we know how that turned out.

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One Response to “Yet Another Reason To Fear The Stimulus”

  1. Below The Beltway » Blog Archive » America, Meet Your Stimulus Czar Says:

    [...] As I noted earlier this week, President Obama has named Vice-President Joe Biden to oversee the $ 800 billion stimulus package. [...]

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