Wednesday, March 11, 2009

Democrats Overplaying Hand on Stimulus

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The Obama administration in conjunction with the unholy alliance of Pelosi and Reid were pushing gloom and doom if we didn't pass the first stimulus package. It worked and they immediately went on to the optimistic agenda.

But a funny thing happened; the American people saw what was in the bill and noticed that it wasn't quite all that was advertised. The administration was embarrassed yesterday by backing down on the estimates of jobs created or saved rhetoric knocking that number down by a million.

The average American generally doesn't pay attention to politics and the daily minutiae like you or I do but they suddenly started paying attention when the stimulus bill was passed because people are genuinely scared. Talk to anyone and they'll tell you how panic is slowly setting in and they have a friend or relative who had just lost their job or had to sell their house because they just can't survive in this economy. People started asking each other how this supposed stimulus bill was going to help them. They have to pay for food, their car and their house now and nothing in the bill will have an immediate effect.

So now we have Pelosi intimating that stimulus 2 might be called for. And in the most stinging indictment of Obama's ability to handle the crisis, the good folks of this nation are saying the hell with that:

Just 27% of voters nationwide favor passage of a second economic stimulus package. The latest Rasmussen Reports nationwide telephone survey found that 55% are opposed and 19% are not sure.

Despite the public opposition, 74% say it’s likely that Congress will try to pass another stimulus plan before the year is out. That figure includes 45% who say it’s Very Likely that Congress will do so.
It seems unless the next bill includes a substantial tax cut or a huge check for every American, it won't pass.

What a huge chance the Dems lost when they rammed through the first bill. If they would have just given everyone a check for $20,000, they could have locked up the House, Senate and White House for a decade and actually given the economy a short-term jolt. I wouldn't have supported it but a great many would have. Instead they chose to placate their lobbyist friends and gave us a pork-filled monstrosity that won't stimulate a damn thing.

Via Allahpundit who notes that it may not get close to the support the Dems hope for.

Beware the next one as it will even worse.

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