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Sunday, February 22, 2009

Trying to Make Sense of Republican Opposition to the Stimulus Bill

The past few days have been spent in some degree of meditation and retrospection: What is the Republican justification for opposing a stimulus bill that most economists contend we as a country need? How a Republican can, with a straight face, contend that trickle-down supply-side only snake oil economics is the answer to our country's economic plight is beyond me. Further, that some Republicans are so ill-informed as to suggest that ACORN, a poverty-centered organization, is directly benefitting from the stimulus bill, when ACORN, factually speaking, isn't even mentioned in the stimulus bill.

Multiple economists suggest that a larger economic stimulus bill is needed than the one presented. Economists such as Will Straw suggest "The American Recovery and Reinvestment Act is an important step in getting the U.S. economy back on track. The $787 billion package includes a mix of investments in infrastructure, science, education, and health—measures to put the United States on a greener path, help those most affected by the recession, support states that would otherwise have to lay off additional workers and cut back key public services including education, and provide tax cuts for low- and middle-income people and businesses." In other words, long-term economic growth, from public works projects and other endeavors, combined with short-term relief to those in poverty and middle-class and lower-class families through tax cuts, makes this stimulus package a successful, multi-tiered approach.

President Obama has reached out to Republicans in an attempt at real bipartisanship, and Republicans have instead stuck their heads in the stand, contending that the problem can be solved by the same lame bromides ("tax cuts for the richest Americans") that got us into this economic mess in the first place. Sadly, this inaction may be a recurring gesture by Republican "leadership" in the house and senate.

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2 Comments:

At 9:09 AM, Blogger Sonam said...

A Conservative Republican calls a Progressive TV show to talk about the Stimulus Package:

http://www.youtube.com/watch?v=H156Rrc0iL4

 
At 8:55 PM, Blogger Carol said...

Stimulus bill opposition as it is not economical oh we have to wait for the republicans response!!!!
Carol
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