Monday, February 9, 2009

Stimulus package debate: Do Republicans want economy to fail?

So Obama's stimulus package, now filled with far more Republican-added tax breaks (which economists agree won't help the economy in the long term but which make Republicans look like they care about "main street"), is being debated in the Senate, with a vote expected tomorrow.

And even though economists (or, as the Republicans like to say, Socialists) maintain that direct spending on infrastructure is what is needed to stimulate the economy, Republicans continue to cut billions in proposed spending on education (who needs that?) and aid to states in the form of funds for health care, energy, roads, and other infrastructure. So ultimately, the bill that will be voted on (and which will be opposed by all but three moderate Republicans), will be a much worse bill, that will do far less, than the original House bill.

It's awfully easy to look at Republicans adding ridiculous amendments and removing important features from a bill they're going to oppose anyway, and think that they do it because they want the economy to fail. They certainly don't seem to want it to improve, given that their own proposal involves doing exactly the same thing that got us into this boat: cutting taxes for the wealthy. Because that will surely fix things this time.

And in other news, Obama bumped his head on Air Force One while traveling to sell the stimulus package to Americans!

1 comment:

  1. Wall Street seems to think that there is not enough in the stimulus package that is front-loaded. See what is in the package for you. At the link below there is a great partial summary of the tax provisions. The link inside the PDF page is even better read.