Always Wrong (BushCo & Economic stimulus)

[marmar]

from TPM Cafe:



Always Wrong
By Reed Hundt | bio


The White House's belated effort to join the stimulus debate reveals again that on every issue this Administration buries itself in the past, attends to its favorite special interests, and misses the chance to build a more productive economy.

And the media obscure the key political issues by treating the economy as some tricky machine that experts need to fix. What's tricky is how this Administration wants to direct much of the stimulus away from the most needy people and most necessary projects for the whole country.

We need an immediate jolt of spending in America, and we also need to use the downturn to galvanize a commitment to long-term and continual investment in non-carbon energy and the public goods of communication, transportation, and parkland.

The first necessity of an economic stimulus is of course to get money into the hands of those who will immediately spend it.

One way is to wire money to state and local authorities on the condition that they let contracts to build roads, bridges, and public facilities within 90 days. Just letting the contracts will help stimulate the economy, in particular in the construction trades that are suffering. The Administration doesn't believe in bolstering the crumbling infrastructure with federal funds, so they disfavor this approach. .....(more)

The complete piece is at: http://www.tpmcafe.com/blog/coffeehouse/2008/jan/19/always_wrong

[floridablue]

1. The previous "Bush Rebate"

Was actually just an advancement against the next years tax refund.

[NC_Nurse]

2. I am amazed at how BAD *'s plan is.

That saying about doing the same thing over and over expecting different results come to mind...the
definition of insanity, or at least stupidity. Geez!

Hasn't the public caught on YET!!!???

[stellanoir]

3. Let's see

They get to loot the treasury without any oversight whatsoever. Then grant contracts to no bid wondrous cronies, privatize everything to them, leave each and every one of us 20 grand in debt (at least) and never bother to shore up a stitch of our infrastructure, and we are to be happy with an 800 dollar instant gratification bribe.

Sounds totally reasonable.

/sarcasm