Democracy Has Prevailed.

February 6, 2009

The President, Yesterday

Via Huffington Post. He was speaking before some 200 House Democrats:

Look, I value the constructive criticism and healthy debate that is a foundation of American democracy. I don't think any of us have cornered the market on wisdom, or that good ideas are the province of any party. The American people know that our challenges are great. They're not expecting Democratic solutions or Republican solutions - they want American solutions. And I have said that to those who have criticized the plan.

But what I have also said is - don't come to table with the same tired arguments and worn ideas that helped create this crisis.

Dudes (and, of course, Dude-ettes), I think he just dissed the Republicans! He continued:
We're not going to get relief by turning back to the very same policies that in eight short years doubled the national debt and threw our economy into a tailspin. We can't embrace the losing formula that offers more tax cuts as the only answer to every problem we face, while ignoring critical challenges like our addiction to foreign oil, the soaring cost of health care, failing schools and crumbling bridges, roads and levees. I don't care whether you're driving a hybrid or an SUV - if you're headed for a cliff, you have to change direction.
He DID just diss the Republicans! And more:
The American people are watching. They did not send us here to get bogged down with the same old delay and distractions. They did not vote for the false theories of the past. They did not vote for the status quo - they sent us here to bring change, and we owe it to them to act.
Yes, we are watching. I am at least.

My question is this: The guy won the election bigtime. The GOP lost - again bigtime. So why aren't the Democrats getting on every TV shouting back at the inane arguments the GOP is spewing out for the sole purpose of obstructing the stimulus plan?

Or at least why aren't the Democrats getting on every TV educating the country about the reality of stimulus vs tax cuts?

Why not more stuff like this? Here's a few interesting parts:
"This is not a stimulus plan, it's a spending plan," Nebraska's freshman senator, Mike Johanns (R), said Wednesday in a maiden floor speech full of budget-balancing orthodoxy that would have made Herbert Hoover proud. The stimulus bill, he declared, "won't create the promised jobs. It won't activate our economy."

Johanns was too busy yesterday to explain this radical departure from standard theory and practice. Where does the senator think the $800 billion will go? Down a rabbit hole? Even if the entire sum were to be stolen by federal employees and spent entirely on fast cars, fancy homes, gambling junkets and fancy clothes, it would still be an $800 billion increase in the demand for goods and services -- a pretty good working definition for economic stimulus. The only question is whether spending it on other things would create more long-term value, which it almost certainly would.
And:
What really irks so many Republicans, of course, is that all the stimulus money isn't being used to cut individual and business taxes, their cure-all for economic ailments, even though all the credible evidence is that tax cuts are only about half as stimulative as direct government spending.
He also has a few choice things to say about the supposedly "centrist" plan that cuts spending. Good stuff. I may have to start reading the business press.

1 comment:

Social Justice NPC Anti-Paladin™ said...

It was funny when the Democrats applauded this.
"I found this deficit when I showed up," he said in a swipe at the Bush administration. "I found this a national debt double wrapped in a big bow waiting for me as I stepped into the Oval Office."
Who has been in change of Congress (which creates the Budget) for the past 2 years?
Nice that Obama is whining because the Republicans will not provide cover if the Spendulus plan does not work.

The GOP would do a Obama and vote “present”.