Monday, February 04, 2008

Corker, Cooper Oppose Minimalus Stimulus

The Oracle notes that U.S. Senator Bob Corker (R-TN) and U.S. Representative Jim Cooper (D-TN) are among the few brave souls opposing in principle the so-called stimulus package working its way through Congress. The Republican President and Democratic leaders in Congress share equal responsibility for this effort at fiscal irresponsibility in pursuit of voter love.

The stimulus will do little that will actually stimulate the economy while further ballooning the federal deficit. The $150 billion that will go into American pockets represents approximately 1% of GDP, which is not enough to make a real difference. However, politicians from both parties, being bereft of actual ideas regarding either economic policy or broad based tax reform, simply resort to a handout in hopes that average citizens won't recognize those inadequacies.

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