GOP Closes Ranks on Second Stimulus
The Republican Party has finally closed ranks. It took them a while – mostly because some of them believed they had to give in to Obama’s wishes and demands in order to be labelled ‘moderates’ and ‘pragmatists’ by the media (who are generally in the tank for Democrats) – but better late than never.
Republicans lined up Sunday in opposition to a second economic stimulus package, a rare demonstration of unity from an out-of-power political party in search of a rallying cry against President Barack Obama.
Republicans called Obama’s $787 billion spending plan a “flop” and said it hasn’t fulfilled its hype. They criticized the White House for increasing the federal deficit and doing little to combat an unemployment rate that hit 9.5 percent in June…
Some, including billionaire Warren Buffet, have called for a second round of spending to steady the economy. Obama and his allies have said it’s too early to make that decision; his critics, though, pledged to redouble their opposition to any second spending bill.
“I think that would be the biggest mistake we could ever make,” [Senator John] McCain said.
I think so too. Well, it comes in shortly after passing the first plan. Why? Because this plan already put America in debt for years, nay decades, to come, and because it set the country on a path towards a European-style welfare state.
Still, a second stimulus plan would truly destroy the economy, individualism, the free market, and entrepreneurship completely, so kudos to McCain for demanding fiscal responsible – and sane – policies.
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any guesses as to what sector of the economy he wants to control now? A good estimation would be to look at his campaign donor sheet.
” It took them a while – mostly because some of them believed they had to give in to Obama’s wishes and demands in order to be labelled ‘moderates’ and ‘pragmatists’ by the media (who are generally in the tank for Democrats)”
Yeah, they maturely and open-mindedly debated the first stimulus and didn’t get any concessions or tax cuts as part of the package because of the MSM and mean old Mr. Obama.
Seriously, considering the “moderate/centrist” position in congress regarding the healthcare reform is conspicuously to the right of 70 % of the US public, this notion that republicans are forced to kowtow in order to be seen as pragmatic is just very, very silly.
“Republicans called Obama’s $787 billion spending plan a “flop” and said it hasn’t fulfilled its hype.”
Yeah, because all those 787 billion have already been spent, right? That was either sheer dishonesty or incredible ignorance they exhibited, people.
“doing little to combat an unemployment rate that hit 9.5 percent in June…”
Yeah, only one tenth of the stimulus has been spent. Also, unemployment is a lagging indicator. So far the economists surveyed by the WSJ said that unemployment is going to stick. However, there was also some predictions that the rest of the economy would bounce back either by Q4 or first quarter next year. But, in order to prevent inflation and budge unemployment, a second stimulus might be needed.
There is also the importance of preparing for long-term developments. For example, Texas is doing quite well as of now due to low taxes, but pretty soon the immigrant bloc is going to be found wanting by employers when it comes to degrees, so there is a need for an educational surge among the young, something that might be possible only with a big reform funded by DC. There are also infrastructure to be improved and emissions to curb, both of which could create some jobs.
Both ACES (which is very important in its own right considering the need of getting things in motion by the Copenhagen meeting) and a second stimulus are possible actions to be taken against unemployment, but there are probably other courses of action as well. I don’t expect to hear anything serious from the strictly negative and stonewalling congressional republicans, but they are actually much less credible and trustworthy than their constituents and supporters, so there is hope.
“Still, a second stimulus plan would truly destroy the economy, individualism, the free market, and entrepreneurship completely”
No, it would boost the economy, individualism, the free market and entrepreneurship by a previously unseen coefficient. See, didn’t that clear things up?
summarising garlands blabble
blab, lefty blab, more blab
blab blab
snore
and to wrap it up
Umm – wrong. Unless you intend to back it up.
lol interested
“Republicans called Obama?s $787 billion spending plan a ?flop? and said it hasn?t fulfilled its hype.”
Yeah, because all those 787 billion have already been spent, right? That was either sheer dishonesty or incredible ignorance they exhibited, people.
Uh, well, didn’t Obama say we needed this money now (he just followed Bush’s lead on the scare tactic method) Since it was “needed ever so quickly” why hasn’t it been spent? I never supported any of this stimulus business (under Bush or Obama) but if it was needed so quickly..then, well, for what? to fill pillows with?
not to mention his unprecedented transparency – which is – not quite so transparent (imagine that)