As conservatives complain about what they call prolific spending proposals for the recovery plan, they're not saying much about far more worrisome actions by the Treasury Department that is not only running up debt but limiting the government's ability to pull the economy out of recession. Where's the oversight here?
How we should address the next truckload of Wall Street bailout cash: Determine whether Wall Street really needs it, close the loopholes, make Congress do its oversight job, and demand to know why this is the best way to spend $350 billion.
thenation.com — Americans recognize the urgency of public spending to create jobs, rebuild our crumbling infrastructure and repair our shredded social compact.
Stimulus plans don’t mean tax rebates worth a few tanks of gas and a restaurant dinner. Stimulus plans means new roads and bridges, aid to states so they won’t lay off nurses and teaching assistants, and a down payment on a new energy economy with windmills and commuter rail.
time.com — We're all supposed to be Keynesian now, so we should understand that government spending creates short-term economic stimulus, which is one reason the Bush-era bubble took so long to burst. But not all government spending is created equal. Obama needs to pump serious cash into the economy in a way that promotes his long-term priorities.
thenation.com — Americans wanted an end to a war that should never have started, they wanted an end to economic policies that were widening the gap between rich and poor and pushing the middle-class into the yawning chasm between, they wanted to replace a president who been dubiously elected with one who had secured the trust of the great mass of Americans.
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