Everyone has had to see this graph by now. It’s the one put out by Nancy Pelosi’s people.
The blue line is the 1990 recession, red is 2001 and green is current. Just looking at that you start to comprehend the seriousness of the current financial situation.
Now let’s consider this. Republicans attribute the Bush tax cuts to getting us out of the 2001 (red) recession. The estimated cost of those tax cuts is $1.35 trillion. The current stimulus bill is at $800 billion, and even Republicans say it could cost up to a $1 trillion. Now look at that graph again and how much more serious today’s recession is than the 2001 one. See where I’m going? Republicans are complaining that this stimulus costs too much, yet we are much worse off than in 2001 and the bill is actually less.
Like I have been saying all along; the Republicans don’t really want a cure to the current economic problems. They want a way for the economy to remain the same or get worse so that they can hit the campaign trails in a few months saying “see the Democrats are making us hurt”. This is a pure example of putting ideology above country and something we can’t let happen. Hopefully we can get some surrogates out there for the Democrats echoing this message and informing America how the Republicans arguments are not only failing in logic, but also risking putting our nation in a bigger purgatory.