Wednesday, January 28, 2009

Stimulating

The "stimulus" bill working through the Congress now at the behest of the Democratic leadership and President Obama features "only $90 billion out of $825 billion, or about 12 cents of every $1, is for something that can plausibly be considered a growth stimulus." With that observation comes some great political advice from the editors of the Wall Street Journal
The 647-page, $825 billion House legislation is being sold as an economic "stimulus," but ... is a political wonder that manages to spend money on just about every pent-up Democratic proposal of the last 40 years.
...
This is supposed to be a new era of bipartisanship, but this bill was written based on the wish list of every living -- or dead -- Democratic interest group. As Speaker Nancy Pelosi put it, "We won the election. We wrote the bill." So they did. Republicans should let them take all of the credit.

The question now is, do the Republicans have the sense to let them?

Update: Good for them - they do.

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