Monday, February 16, 2009
My Thoughts on the Stimulus Bill
The Republican Party for years attempted to establish themselves as advocates for a small government and a free market. The current stimulus bill, pushed heavily by President Obama, exemplifies the exact nature of what Republicans need to stand up against if they are to re-establish themselves as fiscal conservatives. The Bush administration passed a massive stimulus bill and it was heavily criticized by conservative talk show hosts including Rush Limbaugh and Sean Hannity. President Bush's bill put money into the economy immediately and banks quickly received money in order for them to continue lending. It is still not clear whether or not the bill was effective. The difference between President Bush's bill and the one that President Obama proposed is that President Obama had ample time to get it right. President Obama claimed to have been working on a solution for the economy since before he was even elected, and this is what he came up with? Minutes after his Secretary of the Treasury announced the specifics of the Obama plan the stock market responded by plunging dramatically. President Obama promised a new era of transparency and proclaimed that a copy of the stimulus bill would be available online for the public to read before Congress voted on it. This did not happen. The bill is full of pork and pet projects for the Democrats. The Republicans were given very little say in the bill and this bill was not bi-partisan. The bill contains measures that will not put money into the economy for another 3-4 year. We need money in the economy now. The jobs that it will create will only be temporary and the average citizen who has recently lost a job will likely not want to take these jobs. I agree that something must be done to help the economy, but it has to be a good plan, lets get it right. Not a single House Republican voted for the bill, and only three Republican Senators voted for it. This is the first step in the Republicans re-establishing themselves as fiscal conservatives, and it's about time.