Moments ago, President Obama singed H.R. 1, the economic stimulus package into law. Unfortunately, I was taking a phone call during the beginning of his speech, so I couldn’t live blog it, but I did catch some key parts (I’ll do a summary of the whole speech later).
One part that caught my eye was when he said that the bill was “a balanced plan with a mix of tax cuts and investments. It is a plan that’s been put together without earmarks or the usual pork barrel spending. And it is a plan that will be implemented with an unprecedented level of transparency and accountability.”
Really? Because, I remember the Democrats promising that the final version of the bill would be available to be read for 48 hours before being brought to a vote, but it was brought to a vote around 12 hours after the bill was posted (posted on-line around 12:30 A.M. last Friday), and voted on, I believe around 2:00 P.M. in the House, and later in the Senate. At one point, Representative David Obey (D-WI) got in an argument with a Republican Representative (I don’t remember who), and asked the Republican to show him something in the bill. He held it up and the Republicans just laughed. He made a fool out of himself by SHOWING that nobody could quickly find anything in the bill – it’s over 1,000 pages long!
So, I wonder if the Democrats and Obama will stick to this promise of “transparency and accountability” or if they will continue to change their promises like they’ve been doing so far.
I see us being right back in position of “needing” another stimulus package in 6 months or so. Hopefully the next one won’t be “needed,” but if one is proposed, I hope that one fails in Congress.
Tags: Bailout, Barack Obama, Congress, David Obey, Democrat, Democrats, Earmarks, Economic Crisis, Economic Stimulus Package, Economics, economy, Financial Bailout, Government, Government Oversight, H.R. 1, House of Representatives, House Resolution 1, Politics, pork barrel spending, President, Representative, Republican, Senate, Spending, Stimulus Bill, Tax Cut, Taxes, Vote, Wisconsin