Stimulus bill costs less than GOP tax cuts did

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	Stimulus bill costs less than GOP tax cuts did

masbury

2-7-2009 3:47 PM

242 views

tags:

stimulus, tax cuts, bush tax cuts

masbury says:

Those GOP Senators now wailing about the size of this bill led the charge for the more costly and ineffective $1.35 trillion tax cut package in 01. Here's a side-by-side comparison.

2 Comments |

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2-7-2009 5:40 PM

Richclips777

Economic stimulus is a scam. Much the same as Global Warming. Don't want to be fooled into supporting peoples' needs or the fragile ecosystem.

2-8-2009 10:16 AM

Kauaiguy

The current stimulus package is to be spent over ten years -- Less than 100 billion a year.. Minor reparations compared to all the damage done under the Bush Administration.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/27e29358-5a57-478a-8b0f-fe69aa405226/877CD453-B7BC-4199-AAA4-EE66E187B89F/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://thinkprogress.org/2009/02/07/recovery-v-bush-tax-cuts/" href="http://thinkprogress.org/2009/02/07/recovery-v-bush-tax-cuts/" style="font-size: 11px;">thinkprogress.org</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://thinkprogress.org/2009/02/07/recovery-v-bush-tax-cuts/">Such objections are indeed ironic coming from some of the greatest advocates for President Bush’s $1.35 trillion tax cut package in 2001</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://thinkprogress.org/2009/02/07/recovery-v-bush-tax-cuts/">Senate Minority Leader Mitch McConnell (R-KY) claimed, “from the very first moment of this debate, there’s been strong bipartisan agreement on one thing: <A href="http://mcconnell.senate.gov/record.cfm?id=307635&start=1">the original version of this bill was too big</A>.”</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://thinkprogress.org/2009/02/07/recovery-v-bush-tax-cuts/">Sen. Lindsey Graham (R-SC) lamented, “[T]his bill spends far too much,” while Sen. Jon Kyl (R-AZ) said, “<A href="http://www.foxnews.com/story/0,2933,486394,00.html">It’s very wasteful</A>…</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://thinkprogress.org/2009/02/07/recovery-v-bush-tax-cuts/">Sen. Jeff Sessions (R-AL) called passing such a large package this week “just unthinkable.”</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://thinkprogress.org/2009/02/07/recovery-v-bush-tax-cuts/">But the tax cuts they championed proved to be <A href="http://krugman.blogs.nytimes.com/2008/01/14/bush-tax-cut-mythology/">extremely ineffective</A>, leading to the <A href="http://www.washingtonpost.com/wp-dyn/content/story/2009/01/12/ST2009011200359.html">slowest period of economic growth in decades</A>. </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://thinkprogress.org/2009/02/07/recovery-v-bush-tax-cuts/"><CENTER>
<TABLE cellspacing="1" cellpadding="3" border="1"><TBODY><TR><TD></TD><TD><STRONG>2001</STRONG></TD><TD><STRONG>2009</STRONG></TD></TR><TR><TD><STRONG>Cost of package:</STRONG></TD><TD><A href="http://www.cato.org/dispatch/05-24-01d.html">$1.35 trillion</A></TD><TD><A href="http://www.google.com/hostednews/ap/article/ALeqM5gdDrWnoMueqVFI-Uo1ClxVZur22AD966A9SG2">$900 billion</A></TD></TR><TR><TD><STRONG>Unemployment:</STRONG></TD><TD><A href="http://www.umsl.edu/services/govdocs/wofact2001/index.html">4%</A></TD><TD><A href="http://www.npr.org/templates/story/story.php?storyId=99151718">7.6%</A></TD></TR><TR><TD><STRONG>Percent of Population Living In Poverty:</STRONG></TD><TD><FONT face="arial" size="2">12.7%</FONT></TD><TD>17%</TD></TR><TR><TD><STRONG>Foreclosure Rates:</STRONG></TD><TD><A href="http://www.mortgagebankers.org/NewsandMedia/PressCenter/64769.htm">.48%</A></TD><TD><A href="http://www.mortgagebankers.org/NewsandMedia/PressCenter/64769.htm">1.19%</A></TD></TR><TR><TD><STRONG>Americans Relying On Food Stamps:</STRONG></TD><TD><A href="http://www.businessweek.com/magazine/content/01_40/b3751711.htm">17 million</A></TD><TD><A href="http://www.washingtonpost.com/wp-dyn/content/article/2008/11/25/AR2008112502553.html?hpid=topnews">Over 30 million</A></TD></TR></TBODY></TABLE><P></P></CENTER></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/877CD453-B7BC-4199-AAA4-EE66E187B89F/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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