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An Economic Gamble
With congressional Republicans working to oppose the new economic stimulus plan, you have to wonder what their hoping for. It is, after all, a gamble.
Every rational economist that crosses the news broadcasts seems to realize that these construction plans do work. We also know that they worked for the New Deal. Republicans, then, are hoping that the plan's effect will not be felt until the midterm elections.
There is a chance that that might happen.
A study by the Congressional Budget Office, broadcast in the this week's Meet the Press, states that the only about $250 million of stimulus will hit the economy within the year. Makes sense, when you consider the fact that you don't want the government throwing money at the problem banking-bailout style.
So now the best hope of Republicans is to stall, claim that the plan is a failure at midterm elections, and grab as many seats as they can.
Every rational economist that crosses the news broadcasts seems to realize that these construction plans do work. We also know that they worked for the New Deal. Republicans, then, are hoping that the plan's effect will not be felt until the midterm elections.
There is a chance that that might happen.
A study by the Congressional Budget Office, broadcast in the this week's Meet the Press, states that the only about $250 million of stimulus will hit the economy within the year. Makes sense, when you consider the fact that you don't want the government throwing money at the problem banking-bailout style.
So now the best hope of Republicans is to stall, claim that the plan is a failure at midterm elections, and grab as many seats as they can.
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