Obviously, if one side gets everything it wants while including things bitterly opposed by the other, then this is not a legitimate compromise, and it's certainly not the one that the senators agreed to. This Biden-Pelosi maneuver is effectively a "no-deal" statement, and Republicans should respond to it by refusing to support the compromise.
The original Biden package is a disaster that must not pass Congress. It would direct the federal government to usurp local decision-making and private-sector choices, usually at far greater cost because of federal regulatory hurdles and the bloated federal bureaucracy. It would waste hundreds of billions of dollars on projects such as high-speed rail, for which there is no real constituency, and for electric vehicles, which are already finding their own markets anyway. It would spend $400 billion expanding or creating centralized social spending of the sort that was rightly rejected by then-“New Democrats” such as President Bill Clinton 25 years ago. And it would revisit counterproductive “green energy” boondoggles of the “Solyndra” variety that, under President Barack Obama, were positively scandalous.
Biden bargained in bad faith on behalf of horrible policy options. If he says that he will sign only if the two huge spending packages come to him in tandem, then Republicans should agree to neither of them. Many infrastructure needs can be handled by state governments, most of which are already flush with federal coronavirus-relief cash. Plus, much of what the Democrats want is worse than doing nothing anyway.
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