Well two and a half weeks in and it looks like things are beginning to bog down a bit. I was a bit disappointed when all the former Clinton people started getting nominated, but I figured that no doubt their purpose was to use their experience to sheppard key legislation and policy through the complex and crazy Washington circus. But to see them having the same tax and nanny problems as 16 years ago is really disheartening. It was especially dismaying to find Tom Daschle using his 30 years of public service to cash in and make $5 million in 4 years and then cheat or screw up on his taxes.
I hoped at least that thoughtful, and innovative people would be advising these politicos and coming up with bold innitiatives for them to guide through the process. This does not appear to be so. The stimulus package seems to be turning out to be a big dissappointment with many Keynesian economists saying that it is weak, ill targeted and not big enough and stimulative enough to do the trick. And with a less than stellar package the administration is letting themselves get bogged down by an opposition that continues to put its head in the sand and that is known for holding the country hostage to its own selfish and short sighted interests. For Gods sake, the Republicans would let lobbyists draft legislation. Why can't the Democraticly controlled Congress and the Administration let the top economists draft this thing and get it right?
No comments:
Post a Comment