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And Brownback of Kansas says it would the bill as it stands now.
Not -- him anyway.
So senator this measure as things stand now you've.
Absolutely it's not a stimulus bill it's this spending bill and it -- it's a bad one it's that by two cats and dogs found together bit.
Hope you'll -- the recession away but it's just going to be and it's been it's not gonna move the economy forward Neil this is a bad deal and it shouldn't be voted forward.
Do you know senator how Democrats -- -- -- there -- a couple of Republicans the president might be able to -- off -- by and -- you guys -- in lock step.
But there is a fear that a growing number Democrats are leery of this you know how many.
I don't and on that but the longer this bill hangs out there and the more people look at it and study it and then the more they understand the economics.
They know we need a stimulus I know we need a stimulus people are hurting the economy is hurting.
But that's why you can't just have some regular ordinary pork barrel spending bill.
Of a trillion to buy time he had the interest payments in on this.
And then and then say it's good and it's gonna get the economy going again that's what we got to get it right this thing really should be -- committed to the committee for a two week time period.
And then have it has to be completely stimulus -- in a court to pass -- test to come forward that's what really needs to take place now.
You know they were number Republicans who have it you know.
Put some amendments taxes senator amendments.
One what would the 151000 dollar credit to homeowners so that they can go out by -- home.
Do you -- your understanding senator that that might be enough to get more Republicans on board that it.
If there were more taxes that is like that in there they might.
I don't think so -- -- push those.
Because that the fundamental thing here is that we we know from past experience if you will cut taxes.
We can get a three to one multiplier with that if you add spending.
You generally get a one for one at best to that and a lot of time -- You know there are divorcing numbers activity odds -- they're pushing numbers and later on the speaking to VO MB director says -- -- a multiplier effect is greater for.
Targeted spending and which of your numbers to believe by the way because of -- hearing but you -- say that did they're gonna pitch the soundness.
The immediate bang you get to the spending but -- saying that that's bogus.
We don't have any past experience that says that that is the case we do have past experience on specific targeted tax cuts.
That do have that that do have them a plan just think about it for a second -- Who would you rather trust -- spending a dollar of your money the federal government or you.
Who do you think we'll get the most economic bang for that -- And what we're simply say has let the consumer let the taxpayer have rather than the government so so let me.
Senator brown and it is the devil's advocate here when when you hear the administration say will we tried tax cuts and tax rate stayed low.
Throughout the whole financial crisis and even into this month.
And it didn't -- -- that's of that site.
So let's try let's try this that and now also -- that's -- essentially you're saying that that.
Bring a blow our annual -- Well I mean look nearly cut taxes in 2003 we have one of the longest sustained growth periods that we've had.
And now you've got this huge housing bubble that's now expanded to the rest of the credit system too much money was borrowed.
And that bubble is what we're dealing -- but is the answer a keynesian federal government spending model that we know has not worked in the past.
Or is a specific targeted tax cuts that we know has worked in the past.
Understood senator thank you very very much so do you think it -- this I think it is dead on arrival as far as they're concerned.
What this bill I can't support I want to pass a stimulus package is this economy in the people need it.
But this is just a spending bill listen to stimulus bill all right and you're confident that a number of your other colleagues -- Delaware Republican Armisen reminded this thing -- -- about -- -- That part I don't know whether or not they can pick off enough Republicans to move it on forward that's still clear possibility they could do understand it's not going to turn the economy around.
That's that's not targeted to be able to do it.
Senator as I said that.
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