Boehner discovers fiscal responsibility
posted at 1:40 pm on January 27, 2009 by Ed Morrissey
Finally. House Republicans discovered that they do not have to vote for Barack Obama’s stimulus in the name of bipartisanship when the package doesn’t provide stimulus and instead focuses on Democratic pork wish lists. Minority Leader John Boehner and GOP whip Eric Cantor have instructed the Republican caucus to oppose the massive $825+ billion legislation, which some now call the Pelosi-Reid-Obama Debt Bill:
President Barack Obama is coming to the Capitol this afternoon to curry favor with congressional Republicans. But it appears GOP leaders have already made up their minds to oppose his $825 billion stimulus plan.
House Republican Leader John A. Boehner and his No. 2, Whip Eric Cantor, told their rank-and-file members Tuesday morning during a closed-door meeting to oppose the bill when it comes to the floor Wednesday, according to an aide familiar with the discussion. Boehner told members that he’s voting against the stimulus, and Cantor told the assembled Republicans that there wasn’t any reason for them to support the measure, according to another person in the room. Cantor and his whip team are going to urge GOP members to oppose it.
In a nod to the president, Boehner did point out that this is the third time that Obama has met with Republican leaders, compared with the zero meetings they’ve held with Speaker Nancy Pelosi (D-Calif.) — a now-familiar refrain from Republicans in the House. But Obama’s diplomacy clearly isn’t buying any votes yet.
President Obama plans to meet with Boehner and other Republican leaders today to change their minds, but the Republicans appear to have stiffened in their opposition. The new assessment by the CBO has given them some momentum, as it shows that most of the money won’t get spent in time to stimulate anything except Democratic donors and special-interest groups. Nancy Pelosi hasn’t yet met with her counterparts yet either, which makes Boehner much less likely to cooperate if Republicans have no chance at amending the legislation.
Obama will have to answer some tough questions about the bill if he wants to move Boehner out of the way and onto his team. David Winston spells some of them out in his latest Roll Call column:
Anyone who has ever worked in the federal bureaucracy knows that regardless of who is president, it moves at a snail’s pace. Billions of dollars in grants to individuals, private groups and the states are doled out every year as part of the federal government’s normal budget process, and it takes months, if not years, to get the funds to qualifying recipients.
Why should we assume that the federal government will suddenly become a model of efficiency, getting stimulus checks out the Treasury door? While we now await a “revision” from the CBO, no doubt duly chastised by its Democratic bosses, chances are the CBO got it right the first time.
As we have seen with most government-created “infrastructure” projects going back to the Great Depression, they simply don’t fix the unemployment problem. The private sector does.
Okay, so the bill isn’t timely. What about targeted? When you’re spending $825 billion on everything from contraception to broadband communications, it’s difficult make that claim. Some of the proposed spending reflects some good thinking, putting money toward information technology in the health care arena or in underserved rural areas, for example.
But that kind of targeting ought to come through the annual appropriations process that allows time for serious debate and a healthy exchange of ideas. Instead, much of the spending, as it stands now, seems to be little more than gifts to important Democratic constituencies.
This bill has become much less about stimulus than about power-building for a permanent Democratic majority. Republicans fell into that same trap once they controlled the White House and both chambers of Congress, too. However, I think they waited longer than a week to try it, and eventually it cost them power.
Boehner is right both on politics and on policy to oppose this boondoggle. It won’t improve the situation at all, and in fact will make matters worse by moving capital out of the markets and into government bureaucracies. Republicans need to stand their ground while offering positive alternatives to this massive spendocracy that Democrats have launched. Economic policy matters, and the debate goes straight to the core values of both parties. It’s during times like these that we need full debates and as much sunlight as possible. If Republicans don’t stand up now, they won’t find many more reasons to do so in the next two years.
Update (AP): Here’s video of the House leadership taking a pass on the crap sandwich. I agree that they’re right on policy but disagree about the politics of it. Like I said a few days ago, if the economy’s recovering by the time of the midterms — for whatever reason — the Democrats and the media will claim we owe it all to the stimulus. A party-line no vote is a bet that things will still be getting worse, not better, by November 2010.
I wonder: Is it a bluff?










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Who passed out the testosterone? Are the republicans starting to grow a pair?
portlandon on January 27, 2009 at 1:43 PM
Dude-your testicles have dropped a little too late.
Frigging putzes.
Badger40 on January 27, 2009 at 1:44 PM
So why not put some teeth in it, vote for this, no re-elect money from the RNC.
tarpon on January 27, 2009 at 1:44 PM
It is too good to believe.
If it happens 2010 is in play.
jukin on January 27, 2009 at 1:45 PM
Even the moderate Republicans in the Tuesday group are against it.
Illinidiva on January 27, 2009 at 1:47 PM
“Here’s video of the House leadership taking a pass on the crap sandwich. I agree that they’re right on policy but disagree about the politics of it. Like I said a few days ago, if the economy’s recovering by the time of the midterms — for whatever reason — the Democrats and the media will claim we owe it all to the stimulus. A party-line no vote is a bet that things will still be getting worse, not better, by November 2010″
Why do you always have to argue from the point of winning elections, what about principle and what’s right for our country. The Republican party turning into the “Democratic Party Lite” is not the answer; Enough! slobbering Obama conservatives like you are hurting us more than the angry left.
julian on January 27, 2009 at 1:48 PM
Conversation I hope takes place:
Obama: You have to support this bill
Boehner: I am sorry Mr. President, we can’t
Obama: But I won.
Boehner: Yes you did sir
Obama: I…um…won
Boehner: Sir, you don’t need republicans to pass this bill
Obama: I don’t?
joepub on January 27, 2009 at 1:49 PM
Are they finally figuring out that Obama doesn’t need their votes, he needs their cover?
SKYFOX on January 27, 2009 at 1:49 PM
STAND UP! MAN UP! WAY TO GO!
marklmail on January 27, 2009 at 1:49 PM
(202) 225-6205
Call John Boehner and say thank you. He need us to strengthen his hand.
Dadvocate on January 27, 2009 at 1:49 PM
This is going to be great in states like Ohio, which experienced job-loss problems much earlier than 2007-08 and will not be out of the muck during the 2010 midterms, no matter how much infrastructure spending they decide on. Good Economic policy and a good political move on Boehner’s part.
fiscallyconservative on January 27, 2009 at 1:50 PM
The best way for the Republicans to go the way of the dinosaur is to be a door mat for the “O” team. Good to see them start to show a little understanding about this….
DL13 on January 27, 2009 at 1:50 PM
I wish this was being done because Republicans had ideals and cojones. Why do I have the feeling that this is pro forma resistance?
obladioblada on January 27, 2009 at 1:50 PM
How about taking out some ads targeting the masses, inform people exactly where so much of this money is going.
It’s about time the GOP drew a line in the sand, but I’m not going to start cheering until I see them stick to it through a vote.
Bishop on January 27, 2009 at 1:51 PM
I don’t. If I did, I’d support amnesty. But politics is a fact of life. If the economy starts to recover, the Dems will bludgeon the GOP with talking points about how they opposed the stimulus that saved the universe and there’ll be consequences for that at the polls. It must be nice to live in fantasyland where everyone always votes on principle and pays no price for it whatsoever.
Allahpundit on January 27, 2009 at 1:51 PM
they need to kill it. Obviously, the second shoe dropping is elimination of Bush tax cuts. And if GOP members voted for the turd sandwich, then they will be on the hook to kill tax cuts too.
joeindc44 on January 27, 2009 at 1:51 PM
BTW, doesn’t this POR bill make Obama the worst president ever?
joeindc44 on January 27, 2009 at 1:52 PM
Are they finally figuring out that Obama doesn’t need their votes, he needs their cover?
FINALLY….THIS IS ALL IT IS ABOUT IS BLAMING THE REPUBLICANS FOR THIS PIEHOLE OF A PORK HANDOUT. EVERY single Republican should stand against it so the American public realize where 10 generations of Tax revenue went in 2009 and WHO pushed it through….
Love the REID PELOSI OBAMA DEBT BILL…
SDarchitect on January 27, 2009 at 1:52 PM
If things are improving, noone will care who voted against the bill. That will be old history. Regardless, the Republicans can argue that the economy would have recovered with or without the program, pointing to the dozens of time the economy recovered without govt action.
On the other hand, with the rampant inflation that this bill is going to cause, the odds are people will not be happy with anyone who voted for this bill.
MarkTheGreat on January 27, 2009 at 1:52 PM
Hey GOP, draw the line as best you can! Here, maybe this little clip from Glenn Beck will help.
http://www.foxnews.com/video2/video08.html?maven_referralObject=3467358&maven_referralPlaylistId=&sRevUrl=http://www.foxnews.com/
Christian Conservative on January 27, 2009 at 1:53 PM
Methinks I am detecting a spine and/or a set of bollocks on Boehner and Cantor.
Pelosi-Reid-Obama Debt = PROD bill
A prod….if the Repubs jump ship and don’t support this craptacular legislation, a (cattle) prod is what they will need to keep the Dems in line.
Dr.Cwac.Cwac on January 27, 2009 at 1:54 PM
People aren’t going to be giving anyone credit in two years no matter what happens. They will be griping about all the taxes to pay the interest on the debt. Better to have taken a stand on opposing wasteful, panicky spending.
pedestrian on January 27, 2009 at 1:54 PM
Dick Morris was advocating for a Free Enterprise Amendment to the legislation. It’s a good idea.
Dr.Cwac.Cwac on January 27, 2009 at 1:55 PM
An excellent Principles-of-Macro point from MarkTheGreat. This is great foresight.
fiscallyconservative on January 27, 2009 at 1:55 PM
Perhaps the presidents threats from last week have woken some on up.
Tommy_G on January 27, 2009 at 1:55 PM
I’d like the R’s to say this:
1. The US Economy will get better if we fix the liquidy issues (and maybe the mortgage issues)
2. A tax stiumulus would be more effective than a spend stimulus.
3. However, given that the Dems won, we will support some spending stimulus on legitimate projects. There are things that can be done.
4. In whatever case, we must be concerned with the governmnet debt going above 80 or 90% of gdp. In the long run this will kill the economy.
5. We are deeply concerned about Obama’s vision of Trillion $$ deficits for the next several years.
6. S&P has said they might have to downgrade our debt by 2012…This is serious stuff. We rely on the AAA rating of our debt. We can not foolist squander this for a PorkFest.
r keller on January 27, 2009 at 1:56 PM
But democrats are out there saying that the stimulus will not guarantee new job growth; and they are saying that unemployment will be higher in 2012 than it is now.
So, I think this is a pretty safe bet that opposing this won’t have dire consequences. I’d take the risk, personally.
Then again; it’s a bluff. So who cares either way.
The debate really shows how bad the GOP has lost on every major front. It’s not a question of stimulus, it’s a question of how much. It’s not a question of debt, it’s a question of how much. And the GOP has no voice in the matter, cuz it’s been crappy on these issues forever now.
lorien1973 on January 27, 2009 at 1:56 PM
Liberals love to feed their pet, the government. Spending to enact their social engineering schemes has only been restrained by some semblence of fiscal responsibility, such as it is. Now, like an alcoholic who is told that drinking is good for the health, the restraints are off and the liberals feel free to go on a binge. Look for congress to spend like there’s no tomorrow, which, when they do, will achieve just that.
NNtrancer on January 27, 2009 at 1:56 PM
If their going to get the credit for improvement regardless, then I would still stand against it. If Mr. Obama has gotten rid of the abortion portion, maybe he will get rid the Acorn payback.
Cindy Munford on January 27, 2009 at 1:57 PM
Fundamentally… this is such a simple issue… if massive amounts of borrowed money were the “key” to long-term economic revival, why wouldn’t every nation, city, municipality, home-owner, etc. just follow that path?
It’s the path to longterm poverty and dependence. Just get out of the way and this economy will correct itself in two to four years before another extended BOOM. The “stimulus” promises only to make the drop not quite so deep (in the very short term)… but we’ll be in the hole for many years to come.
How hard is it to make that case, GOP?
mankai on January 27, 2009 at 1:57 PM
oops: foolishly squander
r keller on January 27, 2009 at 1:57 PM
About time they grew a set of balls! Obama wants a bipartisan buy-in so that when this plan falls apart or short of it’s goals, he can share the blame…..no, he’ll blame it on Bush. The Chosen One was full of it while campaigning, now He’s lowering expectations and saying it will be a long road to recovery.
What’s changed Barry?
GarandFan on January 27, 2009 at 1:58 PM
I will believe it when I see it. This “bailout” is simply pork.
No one in their right mind will vote for this. It is an economic disaster. It is about time the republicans listen to Rush and Levin every once and a while since they are representative of the voice of the constituency.
They better not at the last minute vote for this bill as they did for the original crap sandwich.
The republicans have talk radio and the honest reporting of the #1 news network of Fox News that will inform the public. It is also about to the republicans on the Hill to inform the public.
I don’t expect McConnell to give a rousing no against the bailout. He is a failure as “leader” of the senate minority.
jencab on January 27, 2009 at 1:59 PM
His perception of reality. Heh.
Badger40 on January 27, 2009 at 1:59 PM
Every one of the bailouts was just pandering pork paid for by the great grandchildren of our great grandchildren.
Snake307 on January 27, 2009 at 2:01 PM
I heard Obama is meeting now with Senate republicans. He will swoon McConnell. No doubt about that. McConnell is a RINO.
jencab on January 27, 2009 at 2:03 PM
If the economy starts to recover, the Dems will bludgeon the GOP with talking points about how they opposed the stimulus that saved the universe and there’ll be consequences for that at the polls.
And if the economy starts to recover with the GOP voting for the stimulus, the dems will bludgeon the GOP with talking points about how President Ogabe proposed the stimulus that saved the universe, so further GOP obstructionism on ANYTHING he wants is obviously a stupid thing to do.
Bishop on January 27, 2009 at 2:03 PM
At last, the slow road back to a Republican Party that I can recognize.
hawkdriver on January 27, 2009 at 2:04 PM
mankai
Yes, indeed. Actually Libs don’t view economic growth as a priority. (cf. Obama’s response to the cap gains question) . Somehow, R’s have got to retake the high ground.
Rush has said that there’s a real cultural issue going on. I think that’s right. We have a lot of people that are dis-connected from the basic common sense idea that an economically robust country is a great place to live in.
the EU has lower standards of living that we do. The left says that’s good. What do most American’s think?
r keller on January 27, 2009 at 2:04 PM
The funny thing about this is the White House understands the public relations game — get at least some of the GOP on your side and you can both justify the pork and spread the blame if things go wrong. But coming from one of the more hard-left districts in the country, Pelosi has never learned that lesson. She’d be perfectly happy to pass the bill with no Republican support at all, and that intransigence gives Boehner, Cantor and the other House Republican leadership the cover they need to oppose the plan without seeming to be opposing Obama’s bi-partisan efforts.
jon1979 on January 27, 2009 at 2:06 PM
enjoy it while it lasts. Obama is heading over to the Senate now, where none of them will dare oppose The One. Lindsay is probably giggling with excitement.
gippergal1984 on January 27, 2009 at 2:06 PM
Graham, “we take the president at his word, and will do whatever he says.”
tomas on January 27, 2009 at 2:08 PM
Who knows how the politics of such things play out? Dems wanted to vote for the Iraq War Resolution because they were afraid voting “no” would make them look weak. That vote didn’t really turn out as planned.
Later, most Dems (including Obama) railed against the surge and ran on following the Iraq Study Group. Bush turned out to be right, but nobody that fought against the surge got hurt for doing so.
The GOP needs to do the right thing now, and be nimble regarding the future, unknowable, politics of it all.
MayBee on January 27, 2009 at 2:08 PM
Republicans leaving the meeting were positively giddy after meeting with Obama.
I guess when The One enters the room the heart grows still and his omnipotent powers come to bear.
What exactly in hell is happening here?
FireBlogger on January 27, 2009 at 2:08 PM
I agree with this. We all know that if the GOP acts on Principals they are going to win elections. The problem is that they have not been acting on principals but like dimbocrats. We got to stop just worrying about what we precieve voters want and do the right thing.
I believe strongly that the public will reward the party in the end because seriously, I can’t see this stimulas bill doing a damn thing to creat jobs as it is written now.
Dritanian on January 27, 2009 at 2:09 PM
Obama won, as he reminded Congress last week.
But so did 535 other elected representatives in D.C., and they should (in this case, finally) represent the wishes of the voters who elected them.
I wanted Boehner to exhibit integrity over ambition (like Newt did in 1996 or 1998) and step down from leadership contention. Boehner is no Newt, however.
So, the Republicans are doing precisely as they should by taking a pass on this attempt to rig the economy by borrowing and spending yet more money we don’t have.
But imagine how refreshing it would be to see someone forwarding this position on behalf of the Republican Party who was not a deckhand on the Titanic in the 2006 and 2008 elections.
I am not voting for anymore useless Republicans (do hear that Jim Corker and Lamar Alexander?) who vote for bailouts, earmarks, sellouts, stimulus proposals, etc.
Good for Boehner for finally discovering the meaning of the “R” after his name.
And Obama and the Congressional Democrats don’t need the Republicans for much of anything, so when something doesn’t pass, it’s because their own Blue Dog members decide they want to get re-elected and not because of Republican obstructionism.
molonlabe28 on January 27, 2009 at 2:09 PM
I’ll believe it when I see it.
-Dave
Dave R. on January 27, 2009 at 2:10 PM
I sure hope this isnt a bluff. I would be very,very upset. This is the only way they can maybe win seats in 2010.
I also refuse to vote for any supporter of bailouts, earmarks and the rest of the BS.
becki51758 on January 27, 2009 at 2:12 PM
Trust but verify when it comes to Repubs growing spines.
If they have, its too bad it took the economic collapse of the world for them to realize there are consequences for the mentality that created bridges to nowhere. We expect that of Dems but not Repubs.
What everyone has to learn, the sooner the better, when the bubble goes splat there is no method for putting it back together. More spending, more debt, the things that created the bubble are the worst cures.
That’s right, lets sober up by drinking yet another bottle of vodka! Not.
patrick neid on January 27, 2009 at 2:15 PM
Bush had a mandate and look at the treatment he got…God, you wimps.
tomas on January 27, 2009 at 2:15 PM
MB4 on January 27, 2009 at 2:15 PM
I SAY THEY ASK FOR $4 BILLION FOR THE NRA TO OFFSET THE $4 billion to ACORN.
tarpon on January 27, 2009 at 2:18 PM
Yeah, after running up the largest debt in history.
Hypocrite.
The majority in the House makes him irrelevant and full of Hot Air.
How many times will he cry on the floor this year?
getalife on January 27, 2009 at 2:19 PM
The democrats will take credit for any economic upturn so it costs the GOP very little to oppose Obama.
If the economy does turn up then it benefits the GOP.
William Amos on January 27, 2009 at 2:23 PM
This is a Debt Reduction bill… to reduce the debt that Dems owe for the cash they got to win out the election. Essentially a trillion dollars of Pork
OINK! OINK!
michaelo on January 27, 2009 at 2:24 PM
Exactly what Rush said on the air yesterday.
BrianA on January 27, 2009 at 2:25 PM
The house version of this bill, (if passed), WILL NOT for any reason provide a recovery. The house democrats have created the largest pork laden bill in the 200 year history of this nation. Even Obama know this with his token appearence with the Republican caucus. If the Senate Republicans can’t get half of this TAXPAYER WELFARE PACKAGE taken out of the bill, both the house and senate Republicans should walk out and leave this completely on the backs of Obama and the Democrats while insisting that this is NOT A STIMULUS BILL TO CREATE AND MAINTAIN JOBS.
OBAMA, PELOSI, AND REID LIED…..JOBS AND POCKET BOOKS DIED.
Rovin on January 27, 2009 at 2:27 PM
And lookie lookie how the big meeting went:
“President Barack Obama rolled into the Capitol with a clear message for Republicans Tuesday afternoon: He’s happy to talk, but he’s not compromising on tax cuts.”
http://www.politico.com/news/stories/0109/18033.html
Bishop on January 27, 2009 at 2:27 PM
I am so sick of this lame “can’t guarantee job growth” BS. Give me a trillion dollars of free money and I will guarantee you exponential job growth and astounding profitability as I create the worlds largest corporation and invest in things that make sense and guarantee returns.
Of course, if I were to do that, I would immediately be blacklisted and an “evil corporation” for the crime of employing people instead of simply forking over cash to long term unemployed minorities so that they can have a shopping spree at the Rent-A-Center and default on their purchases in 3 months (then get a bailout?).
Republicans has better man up or step down. I know a certain woman in Alaska who’s got more balls than the lot of these clowns.
Damiano on January 27, 2009 at 2:28 PM
Allahpundit on January 27, 2009 at 1:51 PM
The bill is a boondoggle and debtridden disaster.
Watch the dollar over the next 6 months when the multi-trillion dollar unfunded debt begins to break the Treasury bond market. The Dow can get up to a hyperinflated 19,000, but the underlying inflation will crush the economy and then stocks will tank, for good.
Remember the NASDAQ is now a quarter of what it was in early 2000. Imagine the entire NYSE in that position.
Think $4 gas was bad? You don’t want to know what that number will get to if the world decides to decouple from a plunging dollar.
Standing on principle here is the important thing.
If the Pubbies don’t stand for something, then they should be destroyed anyway. Imagine an entire party loaded with crappy RINOs like McCain….
TexasJew on January 27, 2009 at 2:33 PM
Huge gamble for either side. Las Vegas should introduce odds on who will come out ahead in 2010. Democrats are rolling the dice hoping the economy will show signs of realistic recovery (not media-induced signs) and Repubs are banking on the voting blocks being educated enough to understand why they are in opposition.
sherry on January 27, 2009 at 2:34 PM
Carter II.
With a chance of FDR V.
Count to 10 on January 27, 2009 at 2:37 PM
then they’ve lost…look at detroit…same losers vote for for the same losers to keep in the same slums….
right4life on January 27, 2009 at 2:38 PM
Amen, Just Say No to Stimulus.
Done That on January 27, 2009 at 2:39 PM
I don’t give a fuck about the politics. They need to try to figure out the best move for the economy and therefore the country and vote for that.
Bad for the economy but smart politics is back to “our crap politics”, remember?
Jaibones on January 27, 2009 at 2:39 PM
Let the country get a taste of life under a total liberal government and see what happens.
The exiting of W from the stage may allow the GOP to act like they have a spine-little good it may do if they don’t set up a Contact for America 2 in 2010.
Will a real leader step foward? Boehner strikes me as too inside the beltway.
I like Cantor,he seems like he’s willing to fight these people.
jjshaka on January 27, 2009 at 2:39 PM
Nope- that record was broken last year by the Democrat Congress.
And about to be shattered by Obama.
Chuck Schick on January 27, 2009 at 2:41 PM
Nope- that record was broken last year by the Democrat Congress.
And about to be shattered by Obama.
Chuck Schick on January 27, 2009 at 2:41 PM
Sorry Charlie, but there is a big caveat which you mysteriously failed to mention: Liberals “care” while conservatives kill puppies.
Bishop on January 27, 2009 at 2:48 PM
That’s a misconception–we will be paying for it as it happens, in terms of lost capital. It will hurt us now. To our descendants, the damage will already be done, and it will just be part of our rolling debt.
Don’t take your eyes off the fact that this bill is shoving your face in the mud and telling you to be thankful for it.
Count to 10 on January 27, 2009 at 2:49 PM
Amen, Just Say No to Stimulus.
Done That on January 27, 2009 at 2:39 PM
Well….government stimulus.
*ahem*
Bishop on January 27, 2009 at 2:49 PM
Just how difficult is it to demonstrate to the American people the results of Liberal controlled government? I mean all the GOP has to do is point to CA or MI, both bastions of Liberal Democrat government and both on their backs.
DerKrieger on January 27, 2009 at 2:49 PM
It’s about damn time. Actually, it’s past damn time, but better late than never.
CP on January 27, 2009 at 2:51 PM
If the GOP votes for this all they do is give Obama and Reidolosi political cover. If it succeeds the Dems will get the credit whether or not the GOP plays along. They have nothing to lose by opposing it and much to lose by supporting it such as funding Democrat constituencies.
DerKrieger on January 27, 2009 at 2:52 PM
I agree that there will always be people that can’t figure it out for themselves. The worst part about these coming years is you couple in the rhetoric about stopping “the rich from getting richer” with the mailing of a welfare check, the followers will continue to follow.
sherry on January 27, 2009 at 2:56 PM
This is the dilemma Obama is in… he’s up against far far more experience political hacks… and they all get all the praise for bringing federal money back to their states and cities, and the presidents get all the blame for the deficits.
Obama and the GOPs mutual enemy will be Reid and Pelosi over spending… mark my words.
Chuck Schick on January 27, 2009 at 2:56 PM
It just passed the House will all gop voting no with 26 dems.
235-191
getalife on January 27, 2009 at 2:58 PM
That’s a bet I’ll take. Frankly, I think this is their best option, politically speaking. If the economy is improving by the 2010 mid-terms, then Obama and the Dems will take credit for it no matter what, so voting along with them doesn’t get the Republicans anything.
The “obstructionist” label is being used all over the place, but this is the perfect time for the Republicans to point out that the Democrats control everything and force them to account for the outcome of whatever is passed. The Republicans can obstruct nothing. The reason Pelosi, Reid, and Obama want the Republicans onboard is to hedge their bets and provide bi-partisan political cover. If things improve, then the Dems take the credit. If things fail to improve, then the Dems can say, “Well, everybody did all they can, and the problem was just bigger than we were. Sorry about the multi-generational debt load. Remember, it had broad, bi-partisan support.”
Summary: If the Republicans vote for it, it’s a guaranteed loser politically, no matter what the economy does. If they vote against it, then they can draw distinctions now and hang the possible future failure of the bailout on Obama and the Dems. If the economy does improve, they’re no worse off.
All that said, I think the probability of the economy improving much by 2010 are very slim. In fact, given the debt load we’re adding with additional stimulus, it’s quite likely that things are much worse. In particular, inflation is set to skyrocket and our debt holders around the world (China, et al) are not going to float our gross over-consumption forever. It’s highly likely that at least one major lender will balk shortly. At that time, watch the debt load unravel, resulting in soaring interest rates, etc. In other words, financial nuclear meltdown that no stimulus package can prevent.
PersonalLiberty on January 27, 2009 at 2:58 PM
Beautiful. There you go.
PersonalLiberty on January 27, 2009 at 2:59 PM
It just passed the House will all gop voting no with 26 dems.
235-191
getalife on January 27, 2009 at 2:58 PM
Wait…what?
Bishop on January 27, 2009 at 3:02 PM
This kind of fiscal backbone would have been nice to have had for the past few years. Might have saved us going into the 2006 elections.
t.ferg on January 27, 2009 at 3:05 PM
I thought 95% of Americans were going to get tax cuts. I don’t think this will give 95% of Americans a break on their taxes. This is what the GOP should be out stating. This is only the beginning of rasing taxes down the road. By then the 95% of people will forget about this. Unless they are unemployed and collecting on unemployment that has been extended.
I don’t think they are going to let anyone beautify the Mall in DC. I think they are going to use the current staff and buy more grass seed.
Brat4life on January 27, 2009 at 3:06 PM
I dont see any news on the vote, GetALife… do you have a link?
Chuck Schick on January 27, 2009 at 3:07 PM
It just passed the House will all gop voting no with 26 dems.
235-191
getalife on January 27, 2009 at 2:58 PM
Brat4life on January 27, 2009 at 3:07 PM
It was on C-Span.
All gop voted no.
getalife on January 27, 2009 at 3:09 PM
My guess this was some sort of procedural vote and not the final vote.
If all the GOP votes no on this I will re-register as a Republican.
Hang this farce around Obama’s fool neck.
Chuck Schick on January 27, 2009 at 3:13 PM
Chuck Schick on January 27, 2009 at 3:13 PM
Correct.
My bad.
getalife on January 27, 2009 at 3:18 PM
Mike Pence was brilliant..but why call it climate change. Just because the Dems changed the term to not sound ridiculous? The term is Global Warming. Who changed it.. why? I say call it Global Warming, just like the movie said.
malkinmania on January 27, 2009 at 3:20 PM
If the bill is so freakin’ great, then the Dems should WANT a party line vote so that they get all the credit when the economy turns north. The fact that they still want Republican support while they set all the terms of the debate tells me they’re not willing to put their money where their mouth is.
And as far as the economy turning around by the mid-terms … you do know that recessions can last longer than the 6-9 months of the two prior recessions of the post-Reagan era, don’t you? The 1990-91 and the 2000-2001 recessions amounted to not much more than the economy taking a breather during an otherwise long expansion. But now we’re maxed out on credit – we have a consumer based economy with a consumers having in the aggregate a negative savings rate, combined with a severe housing downturn and a credit freeze. Do you really thing everything is going to return to being just peachy by next year? For a pessimist such as yourself, that’s pretty surprising.
thirteen28 on January 27, 2009 at 3:21 PM
Anyone remember the 2001 recession? Unemployment rose straight up till the Summer of 2003 and the Democrats hammered Bush with it as they began the race for 2004.
This situation is far worse.
Chuck Schick on January 27, 2009 at 3:29 PM
Thank goodness we’re taking a little breather. I am still trying to make my choice of what I want my tax money in TARP I to support from this list:
• Remounting the “world’s largest mounted fish” (NY) – $135,000
• Search for Alaskan ice worms – $326,700
• Visitor Center for National Fish Hatchery (MO) – $2.8M
• Studying American and Chinese Video Game habits (CA) – $100,000
• Halloween Signs in Salem, MA – $50,000
• Airplane shaped gas station (TN) – $9,000
• Specialty Potatoes for high end restaurants (ID) – $300,000
• Statewide barn census (VT) – $150,000
• Lobster institute (ME) – $188,000
• Fish and mermaid mural (WI) – $6,000
I’m trying to decide if I’ll feel better that all my federal tax payments for the next x years goes to remounting that fish or counting barns in VT.
Can’t wait to see what opportunities the Stimulus Bill makes available to me to “own” with all the tax payments I’ll make until the day I die…
Have you selected your pork today?
in_awe on January 27, 2009 at 3:30 PM
Yes, and that was a mild recession. National unemployment is already higher than it was at any time during that recession, and is showing no signs of reversing direction any time soon. And we’re worried about the economy recovering too soon and the Democrats getting credit???
Sheesh.
thirteen28 on January 27, 2009 at 3:34 PM
It’s all up to the weenies in the Senate- either filibuster or just roll over and admit you’re useless in a minority role, Senate Republicans.
Hollowpoint on January 27, 2009 at 3:35 PM
This bill is the wrong way to go for a long term solution. Our problems are a combination of an economy based on spending ( 70% of GDP ) at a time when we are swimming in debt and an economy in which government payroll exceeds manufacturing payroll. In order to increase manufacturing, we need to increase savings but the government is anti-savings; it taxes returns, keeps interest rates low by playing monetary games and favors debtors – the biggest one being the government – over savers by an inflationary policy of increasing the money supply.
Even if this was a real stimulus package instead of a pork sandwich, the government can only delay reality before its policies cause an even greater downturn in the future.
The Fed is banking on the idea that the saving nations holding our debt will continue to think that the US is too big to fail. If it keeps up it interventionist policies, I am afraid the Fed will find out just how mistaken it is.
Laurence on January 27, 2009 at 3:38 PM
Opposing the bailout before the election (which unfortunately many conservatives worried about their 401Ks supported) might have also saved us from some of the loses in 2008. That bailout, as predicted, opened the doors for this free-for-all which we will see non-stop for years to come.
neuquenguy on January 27, 2009 at 3:45 PM
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