The basic idea is to take the two prominent modes of economic theory, Keynesian economics and supply-side economics, and let them duke it out (for lack of a better term). In his proposal, both theories would be given the chance to succeed and thus possibly end the debate as to which is the superior theory.
Money Quote –
In this new era of responsibility, let's use both Keynesians and supply-siders to responsibly determine which theory best stimulates our economy -- and if elements of both work, so much the better. The American people are made up of Republicans, Democrats, independents and moderates, but our economy doesn't know the difference. This is about jobs now.
The economic crisis is an opportunity to unify people, if we set aside the politics. The leader of the Democrats and the leader of the Republicans (me, according to Mr. Obama) can get it done. This will have the overwhelming support of the American people. Let's stop the acrimony. Let's start solving our problems, together. Why wait one more day?
I am going to give Limbaugh credit, this is a vast improvement to the normal name calling and mud slinging that he is known for. Instead of just telling us that liberals are bad and conservatives are good, he has produced an honest proposal that, if considered, could really work. He has done so in a respectful manner and has made an attempt to bring people together (instead of divide them). Let’s just hope that Limbaugh can keep this type of behavior up (though I doubt it will happen…it’s not as good for the ratings).
3 comments:
I was intrigued by his proposal as well. I actually could support such a stimulus package, provided it got 100% GOP backing since it was Rush's idea in the first place.
I give you both the highest praise for looking at the Limbaugh-Obama stimulus plan with an open mind.
Of course it makes sense... after Obama virtually called Rush out by telling Repubs to "not listen to him" the logical thing for Rush to do is make Obama an offer he can't refuse to listen to himself without openly being simply partisan.
You will find this hard to believe but Rush rarely if ever lives up to the reputation which the left would love to pin on him... and he is right 99.8% of the time I think it is.
Of course this idea will get no attention in the media since the media refuses to even read whats in Obama's porkapalooza bill, much less risk a side by side comparison between spending your way out of debt with monster-sized government programs that don't kick in for 2 years or immediately giving tax payers more money to spend creating growth, jobs and increased tax revenue.
Gee I wonder which plan would actually stimulate the economy faster?
I have to admit that I read the Obama stimulus package (however, i did read a "synopsis" of it and not the full blown bill introduced in Congress) and it did not make much sense to me. I'm not sure I understand how these proposals are going to stimulate the economy. It might do some good in funding the programs that the money is going toward but stimulating the economy I do not see.
As of yet, I have yet to read the Rush proposal. After hearing that it has some good points in it I will read and comment on at a later time.
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