David Yepsen has a pretty good column in Sunday’s Des Moines Register: Stimulus deal might do harm. A one-time tax rebate didn’t fix the economy when Gerald Ford was president, and it won’t fix the economy now.
Yepsen doesn’t mention some of the other things wrong with this package–namely, that the Republicans got the “business incentives” they were looking for, while Democrats “dropped calls for increases in food stamps and an extension of unemployment compensation”.
To his credit, John Edwards denounced this charade: “This is another example of Washington deserting working people and the middle class.”
I am not aware of any statement from Hillary Clinton or Barack Obama criticizing the bogus “stimulus package.”
The job creation plan Edwards announced last month would actually stimulate the economy.
Clinton and Obama have also released economic stimulus packages, and my impression is that Clinton’s is a little better than Obama’s. But neither of them seems willing to call out their fellow members of he Congressional club for agreeing to George Bush’s sham.
Although Edwards is not going to win the Democratic nomination, I want him to stay in the race as long as he is speaking truths that Obama and Clinton avoid.Continue Reading...