Quote:
|
Unfortunately in order to negotiate for Republican support (which disappeared once the vote came) an enormous amount of actual construction ("waste" it was called) was eliminated and replaced by temporary tax cuts (for "growth".) I'd like to think the same mistake won't be made next time, but there most likely won't be a next time.
|
Exactly right-- approximately $200B - $300B of the stimulus was for tax cuts and another $200B - $300B was for aid to state/local govts so they wouldn't have to layoff as many teachers, police, firefighters, etc... The Republicans are so shameless and blatantly hypocritical on this. It is absolutely disgusting. I suppose because this Recovery Act was proposed by and signed into law by Obama, tax cuts are considered socialism now. Equally hypocritical are the GOP members of Congress who bash the stimulus every chance they get and in the very next breath complain that the money isn't being spent fast enough or their district/state isn't getting enough funding. The GO(B)P is rotten to the core.
Here's a chart showing spending from the Recovery Act:
http://projects.nytimes.com/44th_president/stimulus