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Friday, February 6, 2009 10:45 PM CST
COLUMN: Time for Democrats, Republicans to work together on stimulus
By BILL LAIR, Managing editor blair@jg-tc.com
The good news is that U.S. Senate leaders apparently have reached an agreement on an economic stimulus bill.
The bad news is that we will pay for that bill for years and years.
But something has to be done.
While I am not the biggest Obama fan on the block, I agree that the federal government needs to stem the flow of jobs going out the doors of businesses all over the country.
I think most Americans agree that something must be done.
But what?
We need an immediate stimulus to the economy but we also want something that can be sustained.
Is there such an animal?
Senate leaders reportedly reached agreement on a $780 billion package Friday.
It is smaller than the one that cleared the House on a party-line vote last week. It also is a decrease from the initial proposal before the Senate.
This package has a combination of tax breaks and federal spending.
I fall in the camp of those who primarily favor tax breaks over more spending.
I like the proposals that came out this week regarding tax deductions for purchases of cars and homes.
It’s no secret that people are not spending money.
The Associated Press reported Friday that the country lost 600,000 jobs last week and that the current 7.6 percent unemployment rate is the highest in 16 years.
Overall, the U.S. has lost 3.6 million jobs in recent months.
One economist pointed out that businesses are trying to survive so they slash payroll to cut costs.
Fewer people are working which means they aren’t buying. And those who are working worry that they might be next to get the office pink slip so they also are hanging on to their money.
Republicans, predictably, are holding out on the stimulus package. They correctly point out that it has a steep price.
I would like to believe they are sincere and that they aren’t just playing the politics game.
I suspect it’s a little of both.
But I do agree with Obama who said this week let’s not wait for the perfect plan before voting to do something.
There is no perfect plan.
Much was made earlier this week of a list compiled by House Republican leaders that they called wasteful provisions in the Senate’s stimulus bill.
The jaw-dropper in these parts was the “$2 billion earmark to re-start FutureGen, a near-zero emissions coal power plant in Illinois that the Department of Energy defunded last year because it said the project was inefficient.”
Unbelievable. FutureGen is not an earmark.
I realize that I am biased because the plant would be placed here but how can anyone deny that the world needs to find a way to burn coal more cleanly?
I am all for developing wind and solar energy. But you cannot replace coal with wind and solar. Not in the next decade anyway.
Coal is the primary source of power. If we want to reduce the amount of carbon dioxide that goes into the air from coal-powered utiltyplants then we have to find something to do with the emissions.
Science says the emissions can be captured and stored underground. And science said the best place for that is a site just west of Mattoon.
Barack Obama did not say that.
Geologists and utility officials from several countries said that after an extensive study.
House Republicans have since removed the FutureGen funding from its “waste” list.
But looking at the Republicans’ list, I agree there are some strange line items. Here are a few:
n A $246 million tax break for Hollywood movie producers to buy motion picture film.
n $650 million for the digital television converter box coupon program.
n $400 million for the Centers for Disease Control to screen and prevent STD’s.
n $75 million for “smoking cessation activities.“
n $500 million for state and local fire stations.
Those might be worthy projects but how they fit in an economic stimulus bill, I don’t know.
Still, the supposed “waste” list totaled $20 billion. The stimulus bill is close to $800 billion.
The $20 billion is about 3 percent of of the bill. You don’t vote against a bill because of 3 percent.
I do think Obama made a mistake by reminding Republicans who won the election.
That sounded almost as arrogant as George W. Bush who, after narrowly winning in 2004, said the election gave him some political capital and he was going to spend it.
He sure did, and that capital quickly disappeared.
True, Obama won the Electoral College vote 365-173 over John McCain.
But the popular vote was 69.5 million to 59.9 million. Obama won by fewer than 10 million votes out of almost 130 million cast.
People want to see elected officials working together.
We don’t want Republicans making a political stand just so they can stake a position for the next election.
And we don’t need Democrats going on a spending spree as though they just inherited Uncle Sam’s estate.
The U.S. needs a stimulus bill that will spark the economy and that taxpayers can handle on an installment plan.
Let’s vote.
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The Question wrote on Feb 7, 2009 8:31 AM:
Did you find any of those to be "strange line items?"
So please, please, do us all a favor and spare us your "guardian of frugality" GOP claptrap. That's an insult to anyone's intelligence. "