President Barack Obama's plan to use the government to jolt the faltering U.S. economy back to life signals the most significant ideological shift in Washington since President Ronald Reagan came to power in 1981.
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k=^C ]q.0!lh+WL Candidate Obama promised sweeping change during last year's presidential election, and the scope of that change was on full display in President Obama's recently released 10-year budget plan.
*Uh!>Iv ; g*Phv|kI In it, Mr. Obama pledged massive government spending, increased taxes on corporations and the wealthy and large budget deficits.
y^k$Us Rv=YFo[B The president says the economy has grown so weak that only the government can provide the spark to bring it back to life.
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":]EU %;/P&d / "At this particular moment, with the private sector so weakened by this recession, the federal government is the only entity left with the resources to jolt our economy back into life," he said.
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_~*J At the same time, President Obama has promised to tackle a number of difficult long- term challenges facing the country, like expanding health care coverage while trying to contain its growing cost, make the U.S. more energy independent and reform education.
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