How About a Real Bipartisan Stimulus Bill?
While the Dems put the lipstick on the largest porcine spending bill ever (and by the way, did anyone mention that so far it is totally partisan? That's right; the dems own this porker lock, stock and barrel as the House republicans ALL voted against it) there is a genuine bipartisan stimulus program emerging courtesy of the inimitable Maha Rushie:
Fifty-three percent of American voters voted for Barack Obama; 46% voted for John McCain, and 1% voted for wackos. Give that 1% to President Obama. Let's say the vote was 54% to 46%. As a way to bring the country together and at the same time determine the most effective way to deal with recessions, under the Obama-Limbaugh Stimulus Plan of 2009: 54% of the $900 billion -- $486 billion -- will be spent on infrastructure and pork as defined by Mr. Obama and the Democrats; 46% -- $414 billion -- will be directed toward tax cuts, as determined by me.Isn't bipartisanship what we all aspire to? We've been told by politicos and media types for years now, that Americans demand bipartisanship. Well, maybe here's a real chance for Obama and the Dems to put our money where their mouth is for a change.
Then we compare. We see which stimulus actually works. This is bipartisanship! It would satisfy the American people's wishes, as polls currently note; and it would also serve as a measurable test as to which approach best stimulates job growth.
I say, cut the U.S. corporate tax rate -- at 35%, among the highest of all industrialized nations -- in half. Suspend the capital gains tax for a year to incentivize new investment, after which it would be reimposed at 10%. Then get out of the way! Once Wall Street starts ticking up 500 points a day, the rest of the private sector will follow. There's no reason to tell the American people their future is bleak. There's no reason, as the administration is doing, to depress their hopes. There's no reason to insist that recovery can't happen quickly, because it can.
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