Rachel does a wonderful job of illustrating the cost/benefit analysis of something like infrastructure spending compared to the Republican idea of tax rebates. While rebates are barely stimulative at all (at roughly $1.02 put back into the economy for every $1 the government spends), infrastructure spending yields $1.59 for every buck the government throws at it. That is precisely what we are trying to accomplish with this package. To STIMULATE the economy.
The Republicans, however, are being entirely foolish.
Even though food stamps are the single most effective way the federal government can stimulate the economy, they pouted and threw tantrums until it was removed.
Even though there is a mountain of evidence suggesting that the impact of tax cuts on stimulating the economy is negligible, Republicans were able to get a whopping 42% of the bill to be dedicated to them. While Karl Rove claims no Republicans wanted nothing but tax cuts, 36 of the 41 Senate Republicans voted for just that.
Republicans are putting their party loyalty over their desire to actually address the problems facing America.
Therefore, they are boneheads.
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