Rush Limbaugh’s Stimulus Plan01.29.09
After being told to essentially shut up by the GOP and publicly announcing that he wants President Obama to fail, Rush Limbaugh has graced us with his plan on how he wants to spend the $800 billion to kick-start the failing economy. He claims that this is a truly bipartisan compromise. On his terms, of course.
Rush Limbaugh is a radio talk show host. Nothing more. He has no formal education. He is to conservatism what Howard Stern is to sexuality: a shock jock looking for ratings and striving for controversy. And when he openly hopes that the sitting president won’t succeed, he shows that he has no real respect for American politics. He only cares about his popularity. Any publicity is good publicity.
I still read his plan out of curiousity.
His sense of entitlement for himself and the Republican party is appalling but not all that surprising. Now that the GOP is in the minority in all branches of government, he calls for the plan to be split up based on the percentage of those who voted for Obama and that of McCain:
“Fifty-three percent of American voters voted for Barack Obama; 46% voted for John McCain, and 1% voted for wackos. Give that 1% to President Obama. Let’s say the vote was 54% to 46%. As a way to bring the country together and at the same time determine the most effective way to deal with recessions, under the Obama-Limbaugh Stimulus Plan of 2009: 54% of the $900 billion — $486 billion — will be spent on infrastructure and pork as defined by Mr. Obama and the Democrats; 46% — $414 billion — will be directed toward tax cuts, as determined by me.”
He goes on to conclude that once the plan is implemented:
“Then we compare. We see which stimulus actually works.”
The problem is, we already did this! Former President George W. Bush dispensed of the first half of the $600 billion bailout as he saw fit, by handing it over with no accountability to large banks. Stocks kept falling. Unemployment and foreclosures continue to soar. Banks didn’t loan more money to small businesses to create jobs.
It was a massive failure. Companies that made huge business errors got saved while the average worker suffered.
It’s time for a different approach.
And maybe the Obama stimulus won’t work. No one can say with absolute certainty. We do know that the past plans for sure didn’t work. That’s why America voted overwhelmingly for a change in philosophy. And a change is what they’re going to get.