Tuesday, February 17, 2009

Bipartisanship--Nothing New.

Opposing Obama on Stimulus, Republicans Party Like It's 1993

As predicted, House and Senate Republicans on Friday maintained their unified front in turning their backs on President Obama's economic recovery package. As it turns out, Obama wasn't the first Democrat to learn the hard way that bipartisanship is a one-way street for the GOP when it comes to the economy. In 1993, Bill Clinton's $496 billion stimulus and deficit-cutting program passed without a single Republican vote. But in 1981 and again in 2001, substantial numbers of Democrats acquiesced in backing regressive Reagan and Bush tax cuts which, also as predicted, drained the federal treasury.

The table above tells the tale. (Note that figures are not in real dollars adjusted for inflation.) While some turncoat Democrats helped Reagan and Bush sell their supply-side snake oil, Republicans then as now were determined to torpedo new Democratic presidents.

Read more HERE.


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