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Thursday, January 29, 2009

The House passed the stimulus bill yesterday without a single Republican vote. Based on what is actually in the $800 billion bill, I am not surprised. There is no reason why a Republican, especially a Conservative Republican, would ever vote for this bill. In my view, if we want to stimulate the economy, we should cut taxes as deeply as we can, while spending money on infrastructure projects. Modernize our infrastructure (roads, bridges, water and sewer systems, etc.), re-equip our military (which has been burning through it's equipment after seven years of war in Afghanistan and five years of war in Iraq), in short, build, build, build. That's what got us out of the Great Depression (as the the frenzy of making stuff was necessitated by our participation in World War II), and it can get us out of this one. Of course, don't hold your breath waiting for it to happen.

Recognizing what is wrong with the stimulus, the House Republicans have offered an alternative, although they know it will never pass as long as the Democrats are running the show.

Harvard economist Martin Feldstein, who favors a stimulus plan, says the one passed by the House is a mistake, and should be radically changed by the Senate.

George Will explains how Republicans should evaluate a stimulus plan.

Amir Taheri says that President Obama's message to the Muslim world was "confused", and is bad news for our national security and the promotion of democracy.

Victor Davis Hanson sees signs that President Obama needs Scotty to beam him down to Earth.

But, not everyone is unhappy. Roger Cohen, for one, is happy that President Obama has signalled an end to 'the war on terror'. He won't be so happy (and in this he will be joined by every elected Democrat in America) when we are hit by the terrorist here at home, and people start looking around for someone to blame, and the man in the White House begins to look more and more like Jimmy Carter.

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