As the stimulus bill comes to the House floor today it appears Republicans are going to oppose it en masse. Like I say below, that's fine. Not a single Republican vote is needed to pass this thing. But why are Republicans opposing it? Mainly because they want it to be an all Republican bill full of George Bush policies such as no stimulus spending but entirely made up of tax cuts. And this is where it all goes down hill for the GOP, if only the media would catch on that is.
Let's see here. The current stimulus bill grants $285 billion in tax cuts. President Obama's original proposal was for $300 billion, nonetheless. The $285 billion range is still larger and deeper than anything George Bush ever did. And when George Bush cut taxes his proposal was passed in full by the then GOP-controlled Congress. Bush's tax cuts were his only claim to the conservative movement his entire 8 years of power. Still to this day all we hear is that George Bush cut taxes and saved our nation from an even larger recession than what it was in 2001. But the current stimulus bill triples anything George Bush did in terms of tax cuts and the GOP opposes it. How come when a Republican was president tax cuts in the $50-100 billion range was the greatest thing ever but when a Democrat is president $285 billion isn't enough? It's called politics full hypocrisy and the media is letting it slide by.
I actually support the $300 billion range tax cut but would settle for $285 billion just to get this thing passed. Tax cuts are not stimuli, they do nothing to create jobs. Infrastructure spending, however, is stimulus spending and should be hurried through. The media can't for the life of it realize Republicans are getting away with total hypocrisy by saying the country can't afford more spending but can afford larger tax cuts. Stimulus spending is investment spending. Tax cuts are not. When we cut taxes we are cutting the government's income. How many people would want their income cut and then turn around and say they can actually buy more things and invest in assets because their income was slashed?
Stimulus Bill, Obama, Media
The Fold Blog welcomes all comments as a means of engaging the political debate. Comments from new visitors may take a moment to appear on the site. Some may go through a moderator as well. Please be patient. Click here to read our comment policy.