Are Republicans Trying to Sabatoge the Stimulus Bill
Recently some Republican partisans in the media like Limbaugh and Hannity have said they want Obama to fail. They are actually calling for their Republican colleagues to sabotage the stimulus bill; effectively harming the country in order to benefit their narrow political agenda. Wow! And then they call Obama a radical!
Hopefully these characters represent a minority view in the Republican Party but I’m not so sure. Keeping in mind that there can be legitimate policy differences, the Republican strategy playing out in congress appears to be to water down the effectiveness of the bill as much as possible, push for as many non-stimulus inducing tax cuts as possible at the expense of spending on infrastructure, and then vote against the final bill so they can say “I told you so” when it proves less effective than hoped. Is it really too much to ask for them to put their country first?
In an effort to be bipartisan, Obama is allowing Republicans to have a significant say in modifying the stimulus plan. It now includes about 300 billion of tax cuts which will have very little stimulatory effect. Sure I’d like to get a check for a few thousand from the government, but if I do I’m going to put it in savings not go out and spend it and I’d bet a lot of others will do the same. It might help my bottom line but it doesn’t help the economy.
The infrastructure spending in Obama’s 825 billion dollar plan has now been whittled down to about 100 billion which according to most economists is too small. With infrastructure spending we get more “bang for the buck”; in addition to the stimulatory effect we get the double benefit of useful assets plus it is money that will have to be spent eventually we are just spending it sooner rather than later. Recently the American Society of Civil Engineers handed out grades for our infrastructure: aviation, dams, hazardous waste, schools and public transit all got D; drinking water, inland waterways, roads, sewage systems and the nation’s 100,000 miles of levees got D-; bridges, parks, solid waste and rails got C-. Altogether they estimate there is 2.2 trillion needed over 5 years to repair the nation’s infrastructure.
So we know what needs to be fixed and we know that repairing the nation’s decaying infrastructure will very likely pull the economy out of a deep recession because it has been done before many times with great success (One of many examples: Eisenhower pulled the nation out of the recession of 1957 by starting construction of the massive 42,000 mile Interstate Highway system). In his effort to be bipartisan, I’m afraid that Obama is allowing Republicans to have way too much input on the stimulus bill and some of these people may not have the best interests of the nation at heart. I’m afraid that Rush is not the only one who wants the stimulus bill to fail.