Saturday, January 10, 2009

Republicans still in the driver's seat?

You have to hope there's a grand play at work in the economic recovery plan. Josh Marshall notes:
And yet the desire to get a substantial number of Republicans to vote for the bill appears to be having a big impact on the proposal's size and shape. Quite likely, leaving it too small and too tilted toward tax cuts to get the job done.
Paul Krugman and others have shown the current plans for the stimulus are not keeping up with the growing crater left by Republican policies. As Krugman shows, economic output is down by 8% but plans will only cover 3%.

We're hemorrhaging 1/2 million jobs per month now - but the Republicans are obsessed with defending their ideology and the Democrats are obessessing with pleasing Republicans.

Hopefully, that's not all there is to the plan.

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