Nonetheless, Paul Krugman makes a most delightful point to any economic recovery plan:
Let’s lay out the basics here. Other things equal, public investment is a much better way to provide economic stimulus than tax cuts, for two reasons. First, if the government spends money, that money is spent, helping support demand, whereas tax cuts may be largely saved. So public investment offers more bang for the buck. Second, public investment leaves something of value behind when the stimulus is over.
My question is, now that we have only the most ardent and conservative Republicans left to deal with in Congress, why is Obama betting that they will play ball even if he tries to appease them with these tax cuts? In fact, I bet this won't even begin to appease these lunatics...it will simply make them ask for more...and ultimately give them an excuse to suddenly become fiscally responsible. "Whoopsie, it was all spent on tax cuts, sorry!"
Democrats finally have a huge majority, minus one filibuster proof vote in the Senate now that Al Franken seems to have won. You mean to tell me that Obama and the rest of the Democrats can't find one other congressperson to vote their way and pass this stimulus package on their terms? Of course, it would have to be to the chagrin of those dipshit Republicans, who are proven economic failures, and who wouldn't know how to balance a budget if their lives depended on it anyway.
I was always suspicious of Obama's bipartisan attitude but he has been able to pull this thing off so far. Maybe all of these new green technologies and infrastructure projects will actually pan out like they should, regardless. Maybe he knows something we all don't know, but the Republicans - especially the most fervent maniacs that are left - are not going to make it easy on him. Personally, I would steamroll over Republicans like wet icky asphalt:





























