But no…Chuck Schumer must speak and say something stupid.
Here he is:
Why else would the American people oppose this bill? This stimulus bill will NOT fix the economy for a variety of reasons. One of those reasons is that most of the new spending projects won’t provide any immediate benefit to the average person. At least with Bush’s stimulus, taxpayers (along with non-taxpayers) got a tangible benefit in the form of a check as a result of that plan. The Republicans (and President Bush) spent too much taxpayer money on previous spending bills. That’s been acknowledged many times. But what President Bush started, President Obama has spent much more taxpayer money on all this new stimulus legislation than even I expected him to do. What do we get with the Democrats and President Obama? Money for special interests and ACORN.
Those who are still pushing this absolutely-must-have-right-now-or-the-world-will-explode “emergency rescue plan” aren’t all that concerned with sticking to the $700 billion price tag. Is it too much to ask from this Congress that we have a straight up-and-down vote on whether we should bail out private industry? Why yes it is. They just couldn’t resist adding pork to a bill that they believe will eventually pass.
Here are some of the “incentives“:
- Sec. 105. Energy credit for geothermal heat pump systems.
- Sec. 111. Expansion and modification of advanced coal project investment credit.
- Sec. 113. Temporary increase in coal excise tax; funding of Black Lung Disability Trust Fund.
- Sec. 115. Tax credit for carbon dioxide sequestration.
- Sec. 205. Credit for new qualified plug-in electric drive motor vehicles.
- Sec. 405. Increase and extension of Oil Spill Liability Trust Fund tax.
- Sec. 309. Extension of economic development credit for American Samoa.
- Sec. 317. Seven-year cost recovery period for motorsports racing track facility.
- Sec. 501. $8,500 income threshold used to calculate refundable portion of child tax credit.
- Sec. 503 Exemption from excise tax for certain wooden arrows designed for use by children.
Wooden arrows? Cost recovery for a motorsports racing track facility? All hail to our bipartisan overlords. We might very well get stuck with the bill for all this, and this is a very high price to pay for opening the eyes of many Americans to the failure of both parties to get our fiscal house in order.