Read the Bills Act Coalition

Wednesday, January 7, 2009

The Egos in the DEM party will doom their grand plan

It happened with the Reps, it is already happening with the DEMS..... From WSJ.com:

The new Congress sweeps into town Tuesday with many members comparing themselves to the 1933 Congress that enacted much of President Franklin Roosevelt's New Deal and changed the government's relationship to its citizenry.....These times are very different from 1933, when the 73rd Congress enacted 16 major laws during Mr. Roosevelt's First 100 Days. Today's economy, for all its struggles, doesn't remotely resemble the turmoil of the Great Depression, with its 25% unemployment. Also, the public's appetite for broad change isn't yet clear....None of this is deterring the Democrats. Like the Congress of 76 years ago, they are converging on Washington with a popular new president, significant congressional majorities and, perhaps most important, a shaken public eager for government to try something new..."We are at a unique moment in history -- we have an opportunity that maybe comes only once in a generation," Rep. Henry Waxman said recently. "We may well turn out to be as historical as the Congress was in 1933."...Democrats see the best chance in decades to expand health coverage, move toward energy independence, tackle climate change and re-regulate the financial-services industry......Republicans, meanwhile, have made it clear they won't simply accept whatever Democrats propose, unlike in Mr. Roosevelt's day. Senate Republican Leader Mitch McConnell, joined by House Minority Leader John Boehner, recently issued a statement demanding "the consideration of alternative ideas, public congressional hearings and transparency -- not a rushed, partisan take-it-or-leave-it approach."...Some of what Congress wants to do may be obstructed by what it has to do. It must finish up the 2009 budget and debate the 2010 budget. When the Treasury Department seeks to release the second half of the $700 billion pool created to calm financial markets, Congress must debate whether to block the move or substantially revamp the program....House Financial Services Chairman Barney Frank said Congress would likely block the expenditure if brought up now. But Rep. Frank is studying "ways to make it more palatable," such as legislation to ensure the money is used to help with consumer needs such as student loans, auto purchases and mortgage relief....The most important factor in the Democrats' success will likely be whether the party's actions reflect the "change" voters had in mind when they voted Republicans out of power....Today, the public appears hungry for government action, but also wary. Nearly two-thirds of Americans support new spending to stimulate the economy, a Washington Post-ABC News poll found. At the same time, in a Wall Street Journal-NBC News poll, 56% worried the government would spend too much....But even if Democrats get virtually everything they want in the new Congress, it wouldn't amount to a "new New Deal." Instead, historians say the Democrats are really looking to revive and extend the fundamental approach behind Mr. Roosevelt's program, much as President Lyndon Johnson did in 1965 with programs like Medicare and Head Start.



Read Here: http://online.wsj.com/article/SB123120199307655729.html

No comments: