As the bright sunlight mercilessly beats down on the “stimulus” bill, it’s becoming exposed for what it really is, the rotting, stinking carcass of a bloated pig. Stick a fork in the pork!
Harvard prof slams stimulus plan
Harvard University professor Martin Feldstein may not be the Democrats’ favorite conservative economist for much longer.
Feldstein, a former economic adviser to President Ronald Reagan, surprised many last year by embracing the Keynesian concept that more government action – in the form of massive spending increases and tax cuts – was needed to confront the economic crisis facing the nation.
Ever since, liberal Democrats have cited Feldstein’s views when pushing President Barack Obama’s massive $800 billion-plus economic-stimulus package.
But Feldstein yesterday took aim at the Democrats’ general plan – a version of which passed the House earlier this week – saying it’s a “mistake” and needs to be “thoroughly revised.”
“We need a stimulus plan, but we cannot afford a badly designed plan,” Feldstein said in an e-mail exchange yesterday with the Herald. “The Senate should build in incentives for consumer buying and eliminate waste in the government spending.”
An $800 Billion Mistake
By Martin Feldstein
Pork Galore: Obama’s Stimulus Bill Does Little to Stimulate the Economy
The pressure is mounting, Senate Republicans may indeed be growing a pair . . .
Senate Republicans May Use Filibuster to Block Stimulus
Republican senators who oppose the $819 billion economic stimulus plan passed in the House Wednesday declined to say whether they personally would lead a filibuster to try to stop the legislation in the Senate. But they said a filibuster is an option and they are developing a strategy to stop the bill.
Even the Senate Democrats are going wobbly . . .
Influential Senate Dem Questions Party Support for Stimulus Bill
An influential Senate Democrat said Friday that it’s unclear whether President Obama’s $819 economic stimulus bill will win enough support to pass in the Senate.
“I don’t even know how many Democrats will vote for it, as it stands today,” Sen. Ben Nelson, D-Neb., told FOX News.
Nelson, a moderate Democrat, is famous for gathering lawmakers from both sides of the aisle in a so-called “Gang of 14” to avert a shutdown of the Senate over judicial nominations. He is seeking a similar bipartisan effort to improve the stimulus bill.
Lawmakers are unhappy that the bill, passed by the House on Wednesday, contains billions of dollars for programs that arguably won’t spark much job growth.
“What I’m hoping to do is bring together a bipartisan group of Republicans and Democrats and offer changes that will attract others and improve the bill,” he told FOX News. “People want this to succeed.”
Asked how many Republicans he can get to vote for the bill, Nelson said he didn’t even know how many Democrats would vote for it.
The public doesn’t like it either. . .
Public Support for Stimulus Plan Falls, Poll Finds
The more the public learns about the stimulus plan working its way through Congress, the less it likes it, according to a new poll.
Only 42 percent of Americans now think the bill is a good idea, according to Rasmussen Reports, which had found 45 percent approval last week. Opponents have increased from 34 percent to 39 percent.
What we need for real stimulus is less pet project spending, that does little or nothing to create jobs and stimulate the economy, and more tax cuts which go directly in people’s pockets and help business create jobs.
/so, keep the pressure on, call your Congresscritters and tell them to stick a fork in the pork!
Filed under: Blog Entry | Tagged: Barack Obama, Congress, Democrats, Economy, Legislation, Martin Feldstein, Pork, Republicans, Stimulus, Tax Cuts, U.S. Senate | 1 Comment »