Did Reid roll Pelosi?
From Politico...
House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid played a little high-stakes chicken with each other at the tail end of Wednesday's shotgun stimulus talks.
It's not clear who won – or who blinked.
Despite Conference Committee Meeting – Republicans, Media, and American Public Still Without Bill Text
Ranking Members Camp, Lewis, Grassley Request Democrats Let Stimulus Bill See Light of Day
Washington, DC – After this evening’s conference committee meeting on the stimulus bill, at which Chairman Obey indicated the Congressional Budget Office was scoring bill text, yet no bill text was provided to conferees, no amendments were allowed, and only opening statements were made, Ranking Members Camp, Lewis, and Grassley sent the following letter to Senate Appropriations and Stimulus Conference Committee Chairman Inouye requesting that bill text be provided to Republicans and the American people for review.
Becker on the On the Obama Stimulus Plan
From The Becker-Posner Blog...
"If the government increased its spending on infrastructure when the economy has full employment, its main impact would likely be to draw labor, capital, and raw materials away from various other activities. In effect, increased government spending under these employment conditions would "crowd out" private spending. Measured GDP would not be much affected, if at all. To be sure, the efficiency of the economy would rise if too little had previously been invested in this infrastructure, while efficiency would fall if this government spending were more wasteful than the private spending that was crowded out."
Read more...
Economists Against the Obama Package
The liberal coalition pushing a big government solution to the current economic crisis has clung to the belief that no respected economists oppose their plans.
In fact, the truth is very far from that statement.
Below are several leading economists who have come out against the Democrats' $1.2 trillion economic package:
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