February 17, 2009 07:48 AM UTC

Trust those with a track record - the stimulus will be a failure

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• by: DavidThi808

this is from an excellent post on DailyKOS

I have with me a hard copy of a collection of Republican quotes predicting doom and disaster in the wake of the 1993 Clinton economic stimulus plan, and much of the rhetoric is eerily similar to today’s.

A bunch of the quotes are copied below the fold.

On the 1993 deficit reduction package:

Rep. Robert Michel (R-IL), Los Angeles Times, 5/28/93:

They will remember who let loose this deadly virus into our economic bloodstream.

Rep. Newt Gingrich (R-GA), GOP Press Conference, House TV Gallery, 8/5/93:

I believe this will lead to a recession next year. This is the Democrat machine’s recession, and each one of them will be held personally accountable.

Rep. John Kasich (R-OH), 8/5/93:

Do you know what? This is your package. We will come back here next year and try to help you when this puts the economy in the gutter…

Rep. John Kasich (R-OH), CNN, 7/28/93:

This plan will not work. If it was to work, then I’d have to become a Democrat…

Rep. Robert Dornan (R-CA), 8/5/93:

The problem with our economy is that there is too little employment and too little growth. This plan will do nothing to improve that condition and will actually make it worse.

Rep. Christopher Cox (R-CA), 5/27/93:

This is really the Dr. Kevorkian plan for our economy.

Rep. Thomas Ewing (R-IL), 8/5/93:

…This bill is a disaster waiting to happen.

Rep. Jim Ramstad (R-MN), 3/17/93:

…will stifle economic growth, destroy jobs, reduce revenues, and increase the deficit.

Rep. Phil Crane (R-IL), 3/18/93:

…a recipe for economic and fiscal disaster.

On jobs:

Rep. John Kasich (R-OH), CNN, 7/28/93:

…We have a stagnant economy and there is nothing down the road that makes it look like we’re going to have the kind of economic growth that puts people to work.

Rep. Dick Armey (R-TX), CNN, 8/2/93:

The impact on job creation is going to be devastating, and the American young people in particular will suffer a fairly substantial deferment of their lives because there simply won’t be jobs for the next two to three years to go around to our young graduates across the country.

Rep. John Kasich (R-OH), 5/27/93:

…your economic program is a job killer.

On interest rates:

Rep. Dick Armey (R-TX), 8/5/93:

The economy will sputter along. Dreams will be put off and all this for the hollow promise of deficit reduction and magical theories of lower interest rates. Like so many of the President’s past promises, deficit reduction will be another cruel hoax.

Rep. Wally Herger (R-CA), 8/4/93:

The simple fact is that the Clinton plan will not lower interest rates. It will not lower inflation. It will not create jobs. And it will no lower the deficit. The Clinton tax plan will spur inflation, lose jobs, increase the deficit, and hurt our economic growth.

On inflation:

Rep. Deborah Pryce (R-OH), 5/27/93:

The votes we will take today will not be soon forgotten by the American voter. [They] will lead to more taxes, higher inflation, and slower economic growth.

On the deficit:

Rep. John Kasich (R-OH), GOP News Conference, Senate Gallery, 8/3/93:

Come next year… we’re going to find out whether we have higher deficits, we’re going to find out whether we have a slower economy, we’re going to find out what’s going to happen to interest rates, and it’s our bet that this is a job killer.

Rep. Dick Armey (R-TX), CNN, 8/2/93:

Clearly this is a job killer in the short run. The revenues forecast for this budget will not materialize; the costs of this budget will be greater than what is forecast. The deficit will be worse, and it is not a good omen for the American economy.

Rep. Jim Bunning (R-KY), 8/5/93:

It will not cut the deficit. It will not create jobs. And it will not cut spending.

Rep. Dick Armey, CNN, 2/18/93:

I will tell you, this program will not give you deficit reduction. It will be a disaster for the performance of the economy.

Rep. Clifford Stearns (R-FL), 3/17/93:

…It will be the kind of impact that this country can’t absorb. It will slow economic growth, contribute to the massive federal deficit….

Rep. Joel Hefley (R-CO), 8/4/93:

…It will raise your taxes, increase the deficit, and kill over one million jobs.

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