The Democrat/Obama Economic Stimulus Bill Stimulates What? ITSELF
Posted by Flap in Barack Obama, economics
Daniel Henninger has a piece in today’s Wall Street Journal calling the Democrat/Obama Economic Stimulus bill, S.1 a BOMB.
Senate Minority Leader Mitch McConnell says, “Everybody agrees that there ought to be a stimulus package. The question is: How big and what do we spend it on?”
Sen. McConnell should reconsider. He knows that the Bush-GOP spending spree cost them control of Congress in 2006. Thus, “How big?” is not the question his party’s constituents (or horrified independents) want answered. This is a chance for the GOP to climb down from its big-government dunce chair. Until that reversal is achieved, there is no hope for this party.
I think that behind the bill’s sinking public support is the sense that it won’t work and its cost is dangerous. The bill’s design, an embarrassment to Rube Goldberg, is flawed. Even were one to grant the Keynesians their argument, this is a very mushy, weak-form stimulus.
Rather than try to “reform” it, which won’t happen, Sen. McConnell should ask President Obama to pull it and start over. One guesses that privately the president’s economic team would thank the senator. If he won’t pull it, the Senate Republicans should walk away from it. This bill is a bomb. It may wreck more than it saves.
Indeed the Senate GOP should walk away from PORKULUS like the House.
Let Obama and the Congressional Democrats eat this pork-laden CRAP Sandwich.
Technorati Tags: Barack Obama, PORKULUS, S.1, Economic Stimulus
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