My Sunday morning routine starts with politics.
Actually, my Sunday morning routine starts with coffee, naturally, and then proceeds to politics, specifically This Week, with George Stephanopoulos. Today’s guests were Newt Gingrich, Robert Reich, George Will and Claire Shipman. Topic: what else — the Stimulus Package.
Up until last week’s show, I had been kind of reluctant to solidify my stance on the stimulus package. Did I support it? Not sure. Was $800 billion dollars too much? Yes. Regardless, it was obvious that this thing has to be passed. At this point, we’re down to arguing not how much, but simply how.
Most people agree that it should be loaded with demand-based government stimulus in the form of infrastructure projects (shovel ready projects). There is also some general agreement that tax cuts should be part of the equation. However, all the hullballoo we’ve witnessed lately deals mainly with the proportion of these two stimuli, in combination with the wild card: pork.
Unnecessary spending to many, wasteful to others, and to still others, the product of eight years of pent-up Democratic ideology.
Personally, I am skeptical of the favorite Republican mantra at this point in time; tax cuts, tax cuts, tax cuts. I know what I’d do if I got a tax cut. I’d save it. And you would too. And so would your parents, or kids, pick your poison. Small businesses would put it away for the rainy day around in the forecast. They’d be crazy to hire people (create jobs). Why? Because nobody is buying things, save at Wal-Mart and Mcdonald’s.
Demand needs to be fostered through government spending. Maybe this even includes long-term spending by the government, in the green energy sector, for instance. Tax cuts just won’t cut it. Barney Frank said it best in last week’s This Week.
Having said this, I don’t agree with how everything has been going. Nancy Pelosi and other Democratic leaders have certainly pushed things into this bill which not only could have been placed elsewhere, but perhaps may have been better suited elsewhere. I’m not sure that enough long-term planning for a green energy sector and health care legislation can be successfully crammed into a 3 week period.
And for those who say I’m a crazy liberal, you’d be interested to know that out of the four guests this week, Next Gingrich was may favorite. Yeah. I said it.
Even Obama got into the mud-slinging politics game.
Hopefully, whatever comes out of this Stimulus package works, in the short-run and long-run. On a related note, we’ll find out just what’s in store for the Bank Bailout this Tuesday.
Washington lawmakers had better get things strait, because one thing is certain: today’s politicians haven’t ever been watched under this kind of scrutiny in a real-time. Nothing quite like having the common-man reading over your shoulder to make you feel under pressure…
- Help Huffpost Dig Through the “Compromise” Senate Bill