Opposing stimulus stimulates support for GOP
Contrary to conventional Beltway wisdom, the House Republicans' zero votes for the Obama presidency's stimulus "package" is looking like the luckiest thing to happen to the GOP's political fortunes since Ronald Reagan switched parties. If the GOP line holds, the party could win back much of the goodwill it dissipated with its big-government adventures the past eight years.Henninger also provides some of the mind numbing specifics of the bill. The momentum is toward those who oppose the bill. Voter support for the bill is now at 38 percent and sinking. Those Democrat ads against Republicans who opposed the bill are likely to benefit the Republicans in helping them distance themselves from this bad bill.For starters, notwithstanding the new president's high approval rating, his stimulus bill (ghost-written by Nancy Pelosi) has been losing altitude with public opinion by the day. People are nervous.
Then after Tim Geithner scampered through the tax minefield and into a Cabinet seat, the Daschle tax bomb went off, laying open for public view the world of Washington's pay-for-favors that makes the average Wall Street banker look like Little Bo-Peep.
Conventional wisdom holds that the Republican refuseniks shot themselves in the foot by staying off the House stimulus package. Real wisdom holds that congressional Republicans should consider putting distance between themselves and anything Democratic just now. The party's crypts are opening.
The Democratic Congressional Campaign Committee, with an apparently recession-proof cash hoard, is running radio ads against 28 House Republicans. The theme of the ads is "Putting Families First."
Families first? The only family standing at the front of the stimulus pay line is the federal family. Read the bill.
Check your PC's virus program, then pull down the nearly 700 pages of the American Recovery and Reinvestment Act. Dive into its dank waters and what is most striking is how much "stimulus" money is being spent on the government's own infrastructure. This bill isn't economic stimulus. It's self-stimulus.
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Sen. Tom Coburn is threatening to read the bill on the floor of the Senate. I have a better idea: Read it on "Saturday Night Live."
Such as the amendment to Section 2(3)(F) of the Longshore and Harbor Workers' Compensation Act, which will permit payments to guys employed to repair "recreational vessels." Under Incentives for New Jobs, we find a credit to employ what the bill calls "disconnected youths," defined as "not readily employable by reason of lacking a sufficient number of basic skills."
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I think that behind the bill's sinking public support is the sense that it won't work and its cost is dangerous. The bill's design, an embarrassment to Rube Goldberg, is flawed. Even were one to grant the Keynesians their argument, this is a very mushy, weak-form stimulus.
Rather than try to "reform" it, which won't happen, Sen. McConnell should ask President Obama to pull it and start over. One guesses that privately the president's economic team would thank the senator. If he won't pull it, the Senate Republicans should walk away from it. This bill is a bomb. It may wreck more than it saves.
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