Deroy Murdock, a media fellow with Stanford University's Hoover Institution recently named the unnamed Senate/House compromise "stimulus" bill the Obama-Pelosi-Reid-Collins-Snowe-Specter bill. The former three names are the top three leaders of the Democrat Party. The latter three names are those of the Senate's liberal big-spending Republican Senators: Susan Collins and Olympia Snowe from Maine and Arlen Specter, up for reelection next year, from Pennsylvania.
Mr. Murdock quoted from a Heritage Foundation study which showed that adding the Obama-Pelosi-Reid-Collins-Snowe-Specter bill to a realistic budget baseline yields a projected 2010-2017 cumulative budget deficit of a gargantuan $8.4 trillion! This is 2.5 times the size of the irresponsible Bush 43 deficits over the equivalent eight-year time period. Brian Riedl from the Heritage Foundation wrote last Wednesday that "Obama pledged to fix what he considers Republican governing errors, not double down on them."
The American people, within a year or so, undoubtedly will find out that the pork-filled non-stimulus Obama-Pelosi-Reid-Collins-Snowe-Specter bill -- which Obama will sign into law on Tuesday -- will not work. The Japanese found out that after 10 years of churning out spending bills from their legislature to try to emerge from their recession, their economy remained flat.
Barack Obama mentioned the "Lost Decade" in Japan during his first press conference, but he obviously has not learned the lessons of that devastating recession. And of course, the left-wing media let him off the hook once again by not asking him probing questions.
The arrogant and smug Obama -- who said he would be running a post-partisan administration during his campaign -- blasted the Republicans for "presid[ing] over a doubling of the national debt." However, American voters just could adopt an attitude in next year's congressional elections "A pox on both their houses" and throw out the incumbents, thus setting back Obama's ambitious plans for big government in America.
Just maybe, they will throw out more Democrat incumbents than Republican incumbents. The Republicans went a long way in the past two weeks to returning their party to the party of fiscal responsibility, which made the Republican Party appealing to voters during the Reagan years and the "Contract with America" years.
Out of the 219 Republicans in Congress, only 3 Republicans voted for the first Obama "stimulus" bill (in the House and in the Senate) and then again for the Senate/House compromise Obama-Pelosi-Reid-Collins-Snowe-Specter "stimulus" bill. That is a very good beginning for the Republican Party's comeback.
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