Are You Ready for ‘Son of Stimulus — The Return’?
November 15, 2012 - 2:15 pm
I’ve lost track of the number of “stimulus” packages that have vomited forth from the maw of the Democratic party vote buying machine. There may have been 4 or 5 actual “stimuli” bills, but that may be an undercount. A cool dozen bills proposed and/or passed by one or both chambers laid claim to having stimulative powers — sort of like voodoo but with real slow zombies.
Whatever the number, our economy, that only recently the winner of the presidential election was telling us is moving Forward(!), appears to be in worse shape than anyone could possibly have imagined.
Er…at least that’s their story and they’re sticking to it.
Senate Democrats are saying that any budget deal has to have some kind of economic stimulus or George Bush’s economic mismanagement will drive us into another recession.
Senate Democrats, feeling confident from their net gain of two seats in last week’s election, say any deficit-reduction package negotiated in the coming weeks must include stimulus measures.
They have yet to decide which prime-the-pump measures to push, but are mulling options such as new infrastructure spending and an extension of the payroll tax holiday.
That’s one thing I love about stimulus bills; their originality. Like, we’ve never tried the road building gig nor have we attempted the payroll tax holiday scenario.
Some Republicans are likely to balk at the notion that a package to cut the deficit would include new spending.
Be careful. Sounds like sanity might break out at any moment on Capitol Hill.
But Democrats argue the No. 1 concern for voters is job creation and that the government needs to take a more aggressive role in spurring the economy.
“We need to do something on stimulus as part of the overall fiscal cliff,” said Sen. Charles Schumer (D-N.Y.), the Senate Democrats’ chief political strategist. “We have to do something because the economy is not growing fast enough in the first year or two.”
Schumer said deficit reduction and a federal stimulus package are not mutually exclusive.
“You can have a 10-year deficit-reduction package that encourages a way to get the economy moving more quickly in the first year or so,” he said.
Only a liberal could hold two completely opposing facts in their head and ignore both of them in order to reach a third, totally bogus conclusion.
I suspect this Son of Stimulus will not get very far either in the Senate or the House. More obstructionism from those evil Republicans, who will no doubt be blamed when the economy goes into another recession next year.