Cross posted at Daily Kos
In a recent op-ed, Congressman Tom McClintock (R- Roseville) made the claim that Obama’s stimulus bill would cost over $200,000 per job, and that conservative free-market policies would ultimately prevail in the end over the “tax-borrow-and-spend policies” of the Democratic Administration.
And who did he blame for those policies???
The guy he just barely beat in the race for Congress, Charlie Brown.
In true form of “it’s NEVER my fault, but I’m sure as heck gonna preach responsibility in the hopes no one notices I’m being hypocritical,” Rep. McClintock went full-speed against his former opponent ,a 26-year military veteran, and insinuated the policies of President Obama are actually the brain-child of Lt.Col. Brown. McClintock wrote:
“Charlie Brown is betting otherwise. He is betting with our money that the prescription for prosperity is record-breaking increases in taxes, borrowing and spending,”
What’s ironic about this statement is that it’s Tom McClintock, not Charlie Brown, who is a member of the House of Representatives. In fact, it’s safe to say that Tom McClintock is betting (with our money) that the prescription for prosperity is to ignore warning signs, come up with no viable alternative ideas to help fix the economic crisis, and hope our government fails.
There are so many points that can be made about Congressman McClintock’s bizarre editorial, but I’d like to focus on just a choice few. The first, and perhaps most misleading, is the claim that President Obama’s stimulus plan will cost taxpayers over $200,000 for every job created. This simply is not true, and the argument is not based on faulty logic. The average price of creating a job under Obama’s plan? Less than half of what Rep. McClintock is threatening us with.
The Republicans are also taking the cost of a plan that will extend over several years, creating millions of jobs each year, and dividing it by the jobs created in just one of those years. In fact, the most respected and influential economists in our country say that the $200k+ figure is closer to $60,000 per job. This price is actually lower than the “acceptable” (where does this come from?) threshold of $100k per job created.
One of the other dangerously misleading claims by Rep. McClintock is in regards to the Congressional Budget Office warning that the new federal stimulus will be harmful to our economy. In fact, the CBO offers macro-economic evidence that the stimulus package will increase our chances to move out of our hard-hitting recession:
“CBO estimates that the Senate legislation would raise output by between 1.4 percent and 4.1 percent by the fourth quarter of 2009; by between 1.2 percent and 3.6 percent by the fourth quarter of 2010; and by between 0.4 percent and 1.2 percent by the fourth quarter of 2011. CBO estimates that the legislation would raise employment by 0.9 million to 2.5 million at the end of 2009; 1.3 million to 3.9 million at the end of 2010; and 0.6 million to 1.9 million at the end of 2011.”
Congressman McClintock and his allies in the GOP are using the Congressional Budget Office’s estimations as weapons in the narrative against the Democrats without telling the public that more of the overall rise in spending and fall in revenues occurs in the first two years under the Senate legislation, which is what they are attributing to the legislation’s potential to fail. And any estimate past the immediate future is off-set by the fact that the markets will change and new legislation will undoubtedly alter the future course of our economy.
Unfortunately, instead of helping shape the President’s policies, Congressman McClintock used his new-found power as a member of the House of Representatives to introduce his first piece of legislation: a resolution honoring President Ronald Reagan on the 98th anniversary of his birth .
Instead of practicing true fiscal responsibility and limiting spending at every opportunity, Congressman McClintock is voting to spend over $1 million for a study to think about the upcoming 100th birthday of former President Ronald Reagan.
As our esteemed Congressman is spending his time reflecting on the past, Placer County (the most populous county in California’s 4th Congressional District) is seeing some of the worst unemployment rates it has seen in decades. County-wide unemployment is up to 10%, with the City of Lincoln suffering from 17.% unemployment of its workforce. Roseville, the most populous city in CA-04, is now suffering from a 9.7% unemployment rate.
It begs the question, Congressman: why are you fiddling while Placer County burns? Why aren’t you trying to work towards solutions instead of planning birthday parties? You were elected to lead and represent us, Congressman. Why aren’t you leading or representing?