Thursday, January 29, 2009

The Bankrupt Party

Here's a really good article about the recent behavior of the Republicans and their denial of reality. Below is a small bit.

On the January 11 Meet the Press episode I mentioned above, all of the economists, liberals and conservatives, agreed that some kind of stimulus is necessary to kick-start the economy. Economists will also tell you that if you genuinely want to stimulate consumer spending, tax cuts, especially for the middle class and wealthy, are less effective than government spending, since those tax cuts are more likely to be saved than spent. Programs that aid those in trouble (like food stamps and extended unemployment insurance), as well as programs that create jobs (like infrastructure projects), are far more effective in stimulating consumer spending.

And despite all of this information, not one single Republican member of the House voted for the stimulus bill yesterday. (It still passed, 244-188, with 11 Democrats joining the 177 Republicans in opposing the bill.) Not one. Zero. Zippo. Nada. Nil. None. There wasn't one Republican in the whole House of Representatives who could see his or her way clear to support legislation to help our tanking economy, even if they thought the bill wasn't perfect. And what was the primary objection of the Republicans, based on the GOP's suggested alternative bill (that was voted down by the House)? They wanted more tax cuts.

Seriously? More freakin' tax cuts? What's next? Are they going to be asking for less regulations on Wall Street? Another invasion of Iraq? Were they not watching what happened the last eight years (and, more importantly, what the American people voted for in November)?


No comments: