Obama was apparently right in our back yard today, giving a speech:

Democratic presidential candidate Barack Obama on Monday called for a second round of government tax rebate checks to pump the American economy and help families with rising costs.

Kicking off a two-week national tour to talk about the economy with a stop at the North Carolina State Fairgrounds, Obama said another $50 billion infusion would help people who have lost their jobs and their homes while confronting higher prices for food and gas.

We have to give (people) a way out by lowering costs, putting more money in their pockets and rebuilding a safety net that’s becoming badly frayed over the last few decades,” he told scores of people at the invitation-only event.

From a completely apolitical standpoint, it makes no sense that this guy wants to allow the Bush tax cuts to expire, and instead take the money in taxes, shuffle it around a bit, and then give it back to Americans. Wouldn’t it be better for the little guy to just have him keep his cash?

But, hey, at least he’s right about one thing:

“We did not arrive at the doorstep of our current economic crisis by some accident of history,” he said. “This was not an inevitable part of the business cycle that was beyond our power to avoid. It was the logical conclusion of a tired and misguided philosophy that has dominated Washington for far too long.”

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