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Republicans hadn’t even wrapped up their economic hearing this morning with former Massachusetts Gov. Mitt Romney (read his testimony) and former eBay chief executive Meg Whitman when congressional Democrats released the first version of their so-called stimulus. And to no one’s surprise, it’s full of government spending that will do little to boost economic growth. (Read it here and here.)
Despite a promise from President-elect Barack Obama to listen to Republican ideas, the plan distributed by House Democrats today includes not a single GOP proposal. House Republican Leader John Boehner wasn’t even consulted:
This is the first time Republicans and the American people have seen any specifics on the proposal congressional Democrats intend to pass, and what we’re seeing is disappointing. The plan released this morning by congressional Democrats was developed with no Republican input and appears to be grounded in the flawed notion that we can simply borrow and spend our way back to prosperity. It calls for more than half a trillion dollars in questionable new government spending on programs and projects, while providing less tax relief for middle-class families and small businesses than President-elect Obama has proposed.
An initial review of the “stimulus” by Boehner’s office found these spending proposals: