Cafferty File: Is it a mistake for the GOP to oppose stimulus plan?

From The Cafferty File:

President Obamas hopes for broad bipartisan support for his $825-billion emergency stimulus package have been dashed.

The President wants the emergency bill on his desk by Presidents Day. But theres an obstacle in the way: Opposition from Republicans that seems to be growing by the day. Now they are complaining theyve been shut out of the process of writing the bill. They are pointing a finger at the Democrats for ignoring the Presidents call for bipartisanship.

Were in the middle of the worst economic crisis since the Great Depression. Voters made it clear theyre sick and tired of partisan warfare in Washington. Is anybody listening?

Today President Obama met with GOP leaders to hear their concerns. House Republican leader John Boehner said he and his colleagues feel the package is too expensive and too slow. Republicans want tax relief in the hands of Americans right away.

The President said he would take the Republican concerns under consideration. White House Press Secretary Robert Gibbs said President Obama will go to Capitol Hill next week to meet with lawmakers and try to get this thing done.

My question to you is: Are Republicans making a mistake by opposing President Obamas stimulus plan?

Heres my question to you: Are Republicans making a mistake by opposing President Obamas stimulus plan?

Category:

News & Politics

Tags:

• Jack
• Cafferty
• File
• Stimulus
• Package
• GOP
• Obstructionists

[masanf]

If hindsight is 20/20, then all the Republicans who voted against the stimulus can now see a gnat on the Moon. The thing has been exactly what the Republicans said it would be: a total fucking failure. We were told unemployment wouldn't go over 8%, and now it is on track to go over 10%. This thing has been a fucking disaster that has only served to put us deeper in debt.

[MikeNobodyIsBack]

LOL! "We've been trickled-down on enough."

[zxcvbnmjhgfdsa1]

@dalmatian847 I don't disagree about how the crissis was created, but now days banks will only lend to mortgage owners because US is purchasing mortage backed paper. With businesses banks have to take risks, banks no longer know how to do that so they stick with mortages and goverment saving bonds. Businesses can't get loans.

[dalmatian847]

@dalmatian847 How many banks have gone under due to the srtupidity of liberal social policies in the housing market? Every month is a new record.

Seriously. Is this really Austan Goolsbee?

Obama's NUMBER 1 man on the economy wrote an op-ed in 2007 in the N.Y Times urging banks to continue this idiocy.

Everyone with a functioning brain knew the bubble had burst by 2006 and foreclosures were rampant. Yet the man advising the POTUS evidently missed the memo.

Clueless, just clueless.

[dalmatian847]

@zxcvbnmjhgfdsa1 Banks loan to people with good credit and verifiable jobs to buy houses. Liberal policy demands banks ignore these time tested rules in favor of "social justice". Government promises to purchase loans thru Fannie and Freddie.

A big housing bubble is created amnd when it inevitably pops, suddenly govt not interested in "social justice" loans. What's worse, govt entities sell to Wall Street who in turn sells to retirement plans. The whole thing blows up.

Any questions?

[zxcvbnmjhgfdsa1]

@dalmatian847 Business get a loan, then spend it. Loan comes up for renewal but bankers tightened lending standards and it's rejected. Then the business is in a cash crunch and starts laying off workers. As for health care it was already 16% of the economy before the reform and had rising prices. Businesses will have to worry about it until universal public health care comes to US.

[dalmatian847]

@zxcvbnmjhgfdsa1 Not coinidental that is one of the most uninformed comments I've ever heard on the issue.

So it's the bankers fault that businesses wary of what their taxes and healthcare responsibilities will be lay off workers until the uncertainty is removed?

That's brilliant! You should send your resume to Obama's economic team. They seem to be the only one's hiring as the rats(Summers, Ortzag, Romer) abandon the sinking ship.

You'd fit right in.

[zxcvbnmjhgfdsa1]

@dalmatian847 not coincidental when huge numbers of businesses fire people to pay the bankers then stimulus doesin't do quite enough.

[dalmatian847]

Good thing we got those new 3.5 million jobs to offset the 4 million we lost...oh wait, never mind.

[dalmatian847]

@idicula By what accounts and what economic policy are you referring to? TARP was passed under Bush, not Obama. Yes, Obama supported it, but so did John Mccain.

The economic "stmulus" package that cost 1 TRILLION is all Obama's though. You recall that was the one he promised would create 3.5 million NEW jobs, how'd that work out?

[dalmatian847]

Spread the misery!

[dalmatian847]

Those "idiotic" economic decisions wouldn't be any of those budgets Obama voted YES to while in Congress, would they?

I thought Obama's stimulus would "create 3.5 million NEW JOBS.

Instead there were 4 MILLION jobs LOST.

I'm sure that was just coincidental.