A PROGRAM WITH NO ACCELERATION PROVISIONS
The House hopes to vote on the legislation in the last week of January, with the Senate beginning deliberations the first week of February. - WaPo
Look, how can this best be handled in such short-order by backroom Congressional dealmaking?
This is potentially worse than trying to bring the tablets down on healthcare reform...
As we come to reviewing the plan(s), here are a couple of considerations.
- Stop thinking in terms of "one vote, one piece of legislation".
Break it out into separate priorities, long-term and short-term, and let's have some real input on what to do. And, after everything, if you think $90 billion in infrastructure spending isn't water on a hotplate with today's fear and pessimism, think again. - To Nancy Pelosi, there is this: go back to your staff and asking them the question that Bush-Cheney-Rumsfeld almost never asked, "What if you are wrong?".
Then, give a call to Paul Krugman and re-design the plans for something other than "hope for the best, don't plan for the rest", which is what we had to put up with from the GOP for eight, long, gravely dissappointing years. - Get something in right away for California, Florida, and Michigan and the foreclosure problem, with a higher priority than broad-spray "tax cuts", either business or consumer.
Last, a loss carry-back provision has no proof that it creates jobs, does it? It's the worst kind of nonsense, rewarding companies that made poor decisions. The only thing that one might 'compromise' on is a small-business loss-carryback, and then only from the currenr period going forward (i.e., something that will provide substantial acceleration, if and when a turnaround develops...).
