Feb
09
2009

So the CBO report says we’ll be out of a recession this year…

any which way (see also here, here, and here). That’s without a “stimulus”: with one, we’re going to see short-term gains at the expense of long-term growth.  You can argue that this might not be a bad thing, overall; but if we’re not actually going to need the Obama-Reid-Pelosi debt bill to get out of this recession then the biggest argument against passing it right now just went away.  There is no consensus that urgent action is needed: as Rasmussen notes, while Democrats are following the President on this, Republicans are not… and independents are significantly in agreement with the GOP.  A plurality of voters oppose this thing.  Half the population thinks that we’re at risk at making things worse if it passes.  It’s not actually settled that this is emergency legislation, in other words – which means by the White House’s own rule (which is well on the way to having a history of being routinely broken anyway) we should legitimately expect a five day waiting period to assess the bill anyway.  But none of that is scheduled.  Why?

Yes, that’s a rhetorical question.

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