Saturday, January 26, 2008

‘Stimulus plan’ or ‘surrender plan’?

Here’s the details and Here’s the political backstory. (And here’s Krugman’s take.)

Now, here’s the backstory on the backstory:

Shrub on ropes seeking to extend legacy.

Rust Belt House Minority Leader Boehner represents a battered economic area.

Congressional Democrats still surrender.

Speaker Nancy Pelosi, D-Calif., agreed to drop increases in food stamp and unemployment benefits during a Wednesday meeting in exchange for gaining the rebates of at least $300 for almost everyone earning a paycheck, including those who make too little to pay income taxes.

The package also includes close to $50 billion in business tax cuts.

A little gift for GOP big biz.

Film at 10.