According to news analysis, Republicans are quite pleased with the compromise hammered out with President Obama.
But why would fiscal conservatives gladly support almost $900 billion in new deficit spending over the next two years, $140 billion of which goes directly into the pockets of the needless – those making over $250,000 per year?
Probably because they believe this bill will ensure Obama’s defeat in two years (either the economy recovers and they take credit, or the economy falters and they blame Obama), not to mention weakening the social contract started with FDR’s New Deal.
The CBO’s analysis showed that the benefit for the economy, including job creation from that marginal $140 billion tax break, will be little or nothing. And yet the GOP rejoices in helping the needless.
It appears to show that their main constituency is comprised of the top 2% of taxpayers. Guess who funded their “independent educational” media blasts in the last election? It definitely proves that their principled stand against all deficit spending is a total sham, to be discarded when there is a point to be scored.
And what is that point? That the practice of politics is still about power, and the sometimes brutal, always cynical exercise thereof (see: Caesar, Julius). This bill proves that the GOP’s fight is not so much about principles, but about setting a goal and relentlessly pursuing it.
The Senate in particular is shark-infested waters. Perhaps one day our sharks will learn to rip the opposing sharks to shreds instead of trying to appease their hunger by feeding them the defenseless fish swimming nearby.