Americans now agree that the stimulus package signed into law earlier this year has not achieved its intended effects, House Minority Whip Eric Cantor (R-Va.) claimed Monday.Pushing back against a possible second stimulus bill, Cantor asserted that the Obama administration-backed first $787 billion stimulus has not worked, and insisted that characterization has now become consensus.
The fact is that Federal purchases have yet to show any significant increase while state and local purchases have declined. Suppose I just took two Excedrin for my headache and haven’t even swallowed the water designed to chase them down and I noticed my headache is getting worse. Should I immediately conclude that the Excedrin will not work and it’s time to take some voodoo medicine? Our course not – but Cantor just might:
House Minority Whip Eric Cantor (R-Va.) said that Republicans would work with President Obama on a second stimulus bill, as long as it's like the tax cut-heavy package the GOP proposed earlier.
I thought we tried that in 2008 – and it hasn’t provided much stimulus even to date.