Wag the Blog Redux: Debating the Stimulus
Over the weekend, the we asked Fixistas to weigh in on the merits of economic stimulus plan.
Given that the bill seems headed for a vote on final passage in the House and Senate tomorrow, now seemed like a good time to review your comments from the weekend post.
The most insightful responses -- as culled by post.com politics producer Sarah Lovenheim -- are below.
Congress's Moving Too Fast
"There is absolutely no reason this needs to go through in such a hurry. We need two or three weeks to look at this thing and figure out exactly what the impact will be. For example, today we learned that some of the spending in this bill won't go into effect until 2013!! Some of this stuff needs to be stripped out and put through the regular appropriations process. Obama's ridiculous fearmongering diminishes his credibility." --get_it_rig
Say Goodbye to Billions
"This is a horrible waste of money being rushed to judgment at breathtaking speed. It is a payback to Democratic special interests and does very little for the agony facing many today - loss of a job and foreclosure. The fear mongering by Obama to get this passed is reminiscent of Bush and Paulson with TARP." -- PghGuy
No Time to Explain?
"This bill needs to be massive given the state of the economy, but the rhetoric needs to be focused on how it will create jobs and thereby stimulate the economy. I am deeply disappointed that the Obama admin. lost control of the debate on this issue. They have not, nor has Speaker Pelosi, adequately explained to the American people why this bill will stimulate the economy by dealing with the staggering loss of jobs..."--jrosco3.
The Model's Right, the Audience's Wrong
"The economy model that is being served is the wrong one for the people... The stimulus seeks to preserve industry and commerce, not people and jobs. Nor is there any long--term benefit in simply moving money. That is the model that is collapsing. That is the model that consumed all the dollars and ran away with them." -- sobi1
We Want Tax Cuts, Too
"Having been a member of the middle class for most of my life, I appreciate the efforts being made by the Obama administration and most of the Democratic members of Congress to provide relief for the middle class. The Economic Recovery legislation is much needed -- and needed immediately. But, now that I am a poor senior, I would hope that there would be some relief for us too... many of us have lost our retirement funds in the banking and stock market meltdown. Since many of us are retired, we do not receive the benefit of tax reductions, so I would appreciate the efforts of members of Congress to remember us in their deliberations." --marmac5.
Banks Win, Taxpayers Lose
"The fat cat bankers and bank owners aren't going to lose anything while the American taxpayers will never get back the $700 billion we're putting into making these insolvent banks solvent again. The Obama plan looks like it is only marginally better than the Bush plan. I'm a huge Obama supporter and so I'm hugely disappointed with the direction it looks like the bank bailout is going." --matt_ahrens
Tax Cuts Can't Cure Us
"We have a terrible economic problem that this government inherited from the previous administration and doing nothing would be disastrous. On that we can all agree. The Republicans want to cut taxes which seems to be their solution for every problem this country encounters. The problem with that is that this does not create any new jobs, or save old ones.
A tax cut would put between ten and twenty extra dollars a week in every wage earners pocket AND THAT IS EXACTLY WHERE IT WOULD STAY, IN OUR POCKETS. Considering the current economic situation, nobody is going to spend money unless they have to. Prudent financial behavior dictates that we save as much as we can."
Washington Post editors
February 11, 2009; 7:00 PM ET
Categories: Wag The Blog
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