Call it the Audacity of Nope:
Leading Republicans warned Sunday that the Obama administration’s $800 billion-plus economic stimulus effort will lead to what one called a “financial disaster.”
The country will “pay dearly” if it executes the president’s stimulus plans, Sen. Richard Shelby says.
“Everybody on the street in America understands that,” said Sen. Richard Shelby, the ranking Republican on the Senate Banking Committee. “This is not the right road to go. We’ll pay dearly.”
Shelby, of Alabama, told CNN’s “State of the Union” that the package and efforts to shore up the struggling banking system will put the United States on “a road to financial disaster.”***
“We need to spend money on infrastructure and on other programs that will immediately put people to work. But this is not it,” said Sen. John McCain, R-Arizona, last year’s GOP presidential nominee.
Senators reached a tentative agreement Friday on a compromise bill largely negotiated by a handful of moderate Republicans whose votes are needed to prevent a filibuster. But McCain told CBS’ “Face the Nation” that the package should have been about half the size of the one now before senators, and should be balanced between tax cuts and spending.
Even I am taken aback by this. Put aside the fact that Richard Shelby spent the last three months openly cheerleading the failure of the American auto industry, which would lead to hundreds of thousands if not millions of lost jobs, but would deal a blow to those dastardly unions. Put aside the fact that the Republicans are the ones who stripped the bulk of the spending OUT of this package in favor of pointless tax cuts, after, I might add, a week or two of running around screaming that this isn’t a stimulus bill, but a spending bill. Put that and other things aside.
What is breathtaking is the Shelby gambit- he is honest to goodness staking the claim not that the stimulus bill is useless, but that in 2010 and 2012 the Republicans can run on the assertion that the stimulus bill CAUSED the current economic crisis. Apparently he thinks we are not currently in an economic crisis (or hopes you are too stupid to notice), and that the stimulus package will lead us to financial disaster.
Every time I think I have become cynical enough to deal with the current GOP, they raise their game. I just can’t keep up.
Just so we are clear, the essence of Shelby’s statement is tantamount to someone in 1944 saying “If we invade Normandy, surely it will lead to war with Germany.” You can decide on your own if he is that brazen or that stupid.