(Senator) McConnell: Economic recovery is unconnected to the stimulus

[sabra]

Source: CNN

WASHINGTON (CNN) — Senate Minority Leader Mitch McConnell said Monday that President Obama's stimulus package would have little, if any, impact on the economy — and re-stated his opposition to including any public option in the upcoming health care overhaul.

“I’m very skeptical that the spending binge that we’re on is going to produce much good and, even if it does, anytime soon, " said McConnell. "And I think the economy is just as likely to begin to recover on its own, wholly aside from this, before much of this has an impact. So I’m very skeptical that this massive sort of spending binge that we’ve engaged in is going to have much of an impact.”

Read more: http://politicalticker.blogs.cnn.com/2009/06/08/mcconnell-economic-recovery-is-unconnected-to-the-stimulus/

[NRaleighLiberal]

1. Not only chinless, but spineless and quite stupid. N/T

[tridim]

2. He prefers spending into a black hole instead of spending on stimulus.

We have 8 years of evidence Mich.

[babylonsister]

3. Why is McConnell deathly afraid the stimulus will work?

This is a preemptive attack and so very unbecoming, as he is generally.

[OKNancy]

4. Oh, he doesn't mind spending, he just wants it to be

on what he thinks is a good thing... you know.. the war machine.

I don't see how he can say that the stimulus doesn't have an effect on the recovery. The very fact that it is out there, even though it hasn't all been spent, has an effect as a positive psychological tool.

[Ikonoklast]

5. Did he have a stroke, or something?

He's babbling complete nonsense.

Kentucky, please send this fossil to the retirement home. The Fifties called and want him back.

[WhiteTara]

6. I called his office

told them I knew he wasn't stupid, but why did he say such stupid things...they will pass my concerns along to the senator.

[blueclown]

7. This was so predictable.

McConnell, you are your motherfucking party are going DOWN. The support for the stimulus package is in public record, and it won't take much work to find out who voted against this economic recovery package.

[jimshoes]

8. Everyday occurrences are in no way

connected to reality. It's all an illusion that we experience, not unlike mass hysteria or religion, or something like that.

[pdxmom]

9. Of course he's saying that. Didn't we all know that is exactly what the

Repukes would say? If things got worse, it would all be Obama's fault and if things got better, it would be because of anything other than what Obama had done.

This isn't really news...this is just a Repuke playing his predetermined role.

[monmouth]

10. I take that statement to mean he sees signs of it working and surely

does not want POTUS or Dems to get any credit. "Green shoots" are being seen and that's not good for them... He's an idiot, and I tried the dictionary for a better more professional word, couldn't find one.

[Lone_Star_Dem]

11. Huh?

I have no idea what the hell the man is saying. I like to think of myself as being fluent in incoherent political babble, but this line goes beyond even my ability to translate:

“I’m very skeptical that the spending binge that we’re on is going to produce much good and, even if it does, anytime soon, " said McConnell. "And I think the economy is just as likely to begin to recover on its own, wholly aside from this, before much of this has an impact. So I’m very skeptical that this massive sort of spending binge that we’ve engaged in is going to have much of an impact.”

From what I can tell he saying it won't help, unless it does help. However, even if it does help it probably would have started correcting itself before most of the helping begins to really help too much.


:wtf:

[rurallib]

12. Bush policies are clearly beginning to take hold, right Mitch?

Never never admit a mistake, nor give your opponent (in republicanese 'the enemy') any credit for anything.

[hadrons]

13. (Chicken Little) McConnell: Talking points is unconnected to reality

[quidam56]

14. The senator should brush up on a few facts before getting on tv

and embarrassing himself. http://www.wisecountyissues.com/?p=62 He thinks we have the greatest health care system in the world and would be alarmed if under the new socialist someone was denied care and coverage. So many families are filing for bankruptcy because of the health care system in place now. My family had to file a death certificate thanks to "THE ACCEPTABLE STANDARDS OF HEALTH CARE" in Tennessee and Virginia. http://www.wisecountyissues.com/?p=62

[damntexdem]

15. Hey, if the 'binge' has little impact, then there's no risk, right?

Well, at least you thought that the spending binges of the 8 years of the Bushista regime posed no risk.

;-)

[Igel]

16. I'm not sure what McConnell is talking about.

But maybe a year ago I read an interesting summary of a paper that went through similar "stimulus" packages since the late '60s. There have been about a dozen of them. All but one or two had almost all of the spending after the recovery was well under way, and there's no way to tell if it boosted the recovery.

In a couple of cases almost all the spending happened a year or two after the recovery.

In the cases where the spending did occur substantially in the recovery, the trend was already clear before the first dollar was spent.

My favorite anecdote was my roommate's response to the news in 9/92. The Clinton stimulus plan was set to disburse its first monies, the network news said. In other news, it was clear that the recession, the appropriate government agency said, had ended several months before. My roommate promptly credited the Clinton stimulus. You see, apparently the recovery, which happened in Clinton's first month, was due to faith that the stimulus, when finally ironed out between Clinton and Congress, would be so awesome that people immediately started investing, hiring employees, etc., etc., all in anticipation. I had to shake my head at the absurdity of his childish--as opposted to childlike--faith.

[Curtland1015]

17. Ah, it never ends does it?

Anything good couldn't have come from the current President... unless that President is a republican. But if it's something bad, then it is AUTOMATICALLY the current President's fault... unless the President is a republican.