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Tuesday, January 27, 2009

GOP to Vote No On Stimulus

Pouring good money in after bad is stupid and it is being reported by The Politico that the GOP will be voting against the $825 billion stimulus plan on the table.

House Republican Leader John A. Boehner and his No. 2, Whip Eric Cantor, told their rank-and-file members Tuesday morning during a closed-door meeting to oppose the bill when it comes to the floor Wednesday, according to an aide familiar with the discussion. Boehner told members that he's voting against the stimulus, and Cantor told the assembled Republicans that there wasn't any reason for them to support the measure, according to another person in the room. Cantor and his whip team are going to urge GOP members to oppose it.

Malkin has the letter sent out of the full analysis from the Congressional Budget Office...pdf here.

More about it from Reuters:

The report expands on another from the same office Republicans had touted last week as showing that less than 40 percent of the stimulus money would filter into the economy over the 19-month period. Democrats complained report was a partial review and CBO on Monday concurred.

The legislation "provides immediate stimulus to help create jobs and makes long-term, targeted, and responsible investments to keep our nation's economy growing for years to come," House of Representatives Speaker Nancy Pelosi said in a statement.

Republicans seized on the report as evidence the Democrats' spending plan would take too long to help the economy.

"Once again, it highlights the fact that a huge chunk of the Democrats' so-called stimulus plan comes way too late to make any real difference in fixing the economy," said Kevin Smith, a spokesman for House Minority Leader John Boehner.

Taking action that won't really help is even worse than taking no action at all...

Obama's plan is bad, won't accomplish what is needed for our economy and the GOP needs to block it by any means necessary.