Stimpak Applied.

“We have begun the essential work of keeping the American Dream alive in our time. Now, I don’t want to pretend that today marks the end of our economic problems. Nor does it constitute all of what we’re going to have to do to turn our economy around. But today does mark the beginning of the end…The American Recovery and Reinvestment Act that I will sign today — a plan that meets the principles I laid out in January — is the most sweeping economic recovery package in our history.” Back in Denver for the day, President Obama signs the ARRA economic stimulus bill into law. [Remarks.] “‘We have done more in 30 days to advance the cause of health-care reform than this country has done in an entire decade,’ Obama said, prompting a standing ovation.“

As with the initial versions, the final bill passed without a single GOP vote in the House and only three Republicans — Snowe, Collins, Specter — in the Senate. Y’know, it’s bad enough that these situationally-ethical jokers stand in the way of what obviously needs to be done to get our economy moving again. (I don’t remember any calls for spending restraint, or any worries about pork, in the flush times when Boss DeLay was running the show, or when both Reagan and Dubya were ratcheting up the deficit to all hell.) But, it offends the senses to have to listen to the aggressively stupid talking points Republicans tend to trot out these days. For example, the party’s new leader, Michael Steele: “Not in the history of mankind has the government ever created a job.” (The armed services notwithstanding, who does he think the runs the government? Elves? Hey, Mr. Steele, look down — we call those roads.) Or consider South Carolina Sen. Jim DeMint: “This is not a stimulus bill. It’s just a spending bill.” Econ 101: A stimulus bill is a spending bill. (They do in fact teach this in SC — I can attest to it.)

Worse still, the national newsmedia has been failing miserably in their coverage of the stimulus battle, by continually enabling these Republicans to spout their inanities without comment. It reminds me of Paul Begala’s “Neil Armstrong Principle,” which I heard him break down on Charlie Rose a few months back: “If John McCain and Sarah Palin were to say the moon was made of green cheese, we can be certain that Barack Obama and Joe Biden would pounce on it, and point out it’s actually made of rock. And you just know the headline in the paper the next day would read: ‘CANDIDATES CLASH ON LUNAR LANDSCAPE.’” Too true.

Well, at least the durned thing passed. I’m sure the bill has its problems, not the least that it was transformed and watered down in an attempt to placate a bunch of Republicans who were never in a million years going to vote for it anyway. Perhaps, when we move forward now, we can focus on writing good policy that will get this economy and our country moving again, rather than catering to the whims of the naysayers, political opportunists, and/or flat-earth morons that comprise today’s GOP.

“The Audacity of Dope.”

“Marijuana is California’s largest cash crop. It’s valued at $14 billion annually, or nearly twice the value of the state’s grape and vegetable crops combined, according to government statistics…But the state doesn’t receive any revenue from its cash cow. Instead, it spends billions of dollars enforcing laws pegged at shutting down the industry and inhibiting marijuana’s adherents.” Also in Slate: In the wake of California’s money troubles, Daniel Gross makes the economic case for marijuana decriminalization.

“So what are the numbers? A national legalization effort would save nearly $13 billion annually in enforcement costs and bring in $7 billion in yearly tax revenues, according to a study by Harvard University economist Jeffrey Miron…That doesn’t include any indirect revenues as, for example, rural farming communities grow or marijuana tourism, which has been lucrative for the Netherlands, takes off.“

The obvious economic benefits aside, it’s well nigh time to establish a sane drug policy in this country. And weed in particular is an easy call. We haven’t had a drug-free American president since 1992 (at best), and yet we still pretend that a goofball like Michael Phelps ripping bong hits is some sort of egregious sin? Time to grow up, people.

Fine, We’ll Do It Without You.

“‘There will be people in districts all over the country that will wonder why, when there’s a good bill to get the economy moving again, we still seem to be playing political gotcha,’ White House press secretary Robert Gibbs said in an interview.” Well, so much for the post-partisan era. Despite several attempts at across-the-aisle diplomacy by the new administration, the House passes President Obama’s stimulus bill 244-188 without a single Republican vote. Sigh.

Perhaps a little history lesson is in order. Journey with me, if you will, back to 1993, the last time a new Democratic president tried to work with this same crew of jokers on a new, recession-busting economic plan. As you may remember, Clinton’s 1993 budget also passed the House and Senate without a single GOP vote. Let’s see what the Republicans had to say back then (courtesy of some old, off-line research of mine):

Dick Armey (who, btw, made an embarrassment of himself on national television last night): “This bill would grow the Government…shrink the economy” and “will mean fewer jobs for ordinary Americans.” [Congressional Record, 8/5/93]

Newt Gingrich: The bill will “kill jobs and lead to a recession” that would “force people off of work and onto unemployment and will actually increase the deficit.” [Houston Chronicle, 8/7/93, 1993; AJC, 8/6/93]

Bob Dole: The bill “would take America in the wrong direction.” [WP, 8/4/93]

Ronald Reagan (yes, they wheeled him out with talking points): The bill will “only cause the deficit to increase and will likely wreck any hopes for economic recovery.” [“Just Say No to Clinton’s Package,” NYT op-ed, 8/3/93]

Rush Limbaugh: True to form, the GOP’s poster boy bet the DNC $1 million on the air that three of the following five things would happen by 1996: 1. The deficit would grow. 2. Unemployment would rise. 3. Inflation would swell. 4. Interest rates would surge. 5. The President’s approval rating would fall below 45 percent. [ James McTague, “Off to the Races,” Barron’s, 3/18/96]

Well, I’m sure I don’t need to remind you of the untold economic devastation that was the remainder of the Clinton years. (If you’re keeping score, Rush went 0-for-5, and never paid up.) As it turns out, just as with Boehner this time around, the GOP had decided beforehand they weren’t going to vote for any Clinton bill. As Bob Woodward notes in The Agenda (p. 109), Dole told Clinton this three weeks before the bill was even proposed.

Then as now, the modern Republican party doesn’t seem to understand the first thing about basic economics (their right-wing dogma precludes any grasp of Keynesianism, I guess.) They don’t seem to “get” rudimentary American history. (I’ve seen so many dumb things written about Herbert Hoover and the 1937 “Roosevelt recession” — which was caused by spending cuts and fiscal retrenchment by the FDR admininstration, not “over-regulation” — by right-wingers of late that it’s hard to even know where to begin.)They don’t seem to understand basic politics. (The American people have obviously voted for action, and a path away from Dubyanomics. Getting in the way of this bill won’t “reboot” their party in any way, shape, or form.) At this point, it’s an open question whether they can distinguish their asses from their elbows.

So…can we please stop spoon-feeding these guys now? The GOP has proven yet again that they’re not looking to play ball. If they want to be on the wrong side of the problem as usual, let them. It’s useless to spend any more time bending over backwards to accommodate their lousy, discredited ideas and inchoate, faith-based economic beliefs. It’s time to move on.

On the Shoulders of Giants.

Two recent and choice Columbia-related links by way of Ted at The Late Adopter:

“Lincoln is important to us not because of his melancholia or how he chose his cabinet but because of his role in the vast human drama of emancipation and what his life tells us about slavery’s enduring legacy…In the wake of the 2008 election and on the eve of an inaugural address with ‘a new birth of freedom,’ a phrase borrowed from the Gettysburg Address, as its theme, the Lincoln we should remember is the politician whose greatness lay in his capacity for growth.” In The Nation and on the 200th anniversary of Lincoln’s birth, Eric Foner evaluates the continuing legacy of the 16th president.

“Economic orthodoxy — which gave high priority to balanced budgets and fiscal restraint — remained a powerful force in the 1930s, even as its limitations became increasingly obvious. Similar arguments can still be heard today…The New Deal was least successful when it was least aggressive–when it let concerns about fiscal prudence override the urgent need to pump enormous sums of money into a moribund economy.” And, over in TNR, Alan Brinkley notes what the Obama administration can learn from the New Deal.

Update: “Most Americans, I suspect, if asked whether they would prefer a president with strong principles or one who prefers pragmatic politics, would choose an idealist over a realist in a flash. But almost all successful politicians combine principle with pragmatism constantly.” In a TNR piece that ties the two above together quite well, Prof. Brinkley speculates on the fatal flaw in Dubya’s make-up: certitude. “For whatever reasons…Bush has seemed to be comfortable only when he could make quick and firm decisions, however complicated the issue, and then move on. Admitting mistakes or changing course seems almost contrary to his nature.“

The Restoration?

“‘You could have had an administration with a sprinkling of Clinton people, it would have been fine,’ said Robert Kuttner, co-editor of the American Prospect…’But when so many of the top people are holdovers, and he’s promoting change, you have to say, wait a minute.’” As the official Cabinet appointments file in, some left-minded folk cast a wary eye upon the Clintonian tinge of the Obama cabinet. (If you haven’t been keeping up, among those announced by the transition of late are Eric Holder at Justice, Tim Geithner at Treasury, and Larry Summers(!) as in-house economic guru, and word has leaked of Bill Richardson for Commerce and You-Know-Who for State.)

To be honest, with a few exceptions — After his egregious stint at Harvard and his hand in forging the economic mess we’re in now, I’m not altogether sure Larry Summers deserved to “fail up” — I’m not only fine with so many experienced Clinton-era officials in the Obama cabinet, I expected it. This was the great fallacy of the McCain campaign — For all his talk of maverick independence, there was never any substantial trough of non-Dubya Republicans out there from which McCain could’ve picked a government. A few cosmetic changes in the Cabinet aside, a McCain Washington would by necessity have been run by the same jokers who brought us the last eight years. And, for better or worse, we Dems also don’t have a different farm team of any kind. As Robert Borosage well puts it in the article above, “It hasn’t surprised me that he’s chosen stars from the Clinton bench, because that’s the bench we have.“

All that being said, I’d be lying if I didn’t note that the probable choice of Sen. Clinton for Secretary of State gives me pause. Part of my qualm, I suppose, is just a temperamental defect in my grudge-carrying Irish character — I’d be the first to admit that I lean towards “the Chicago way” in these sorts of things. (If it were up to me, Joe Lieberman would be working the Senate cloakroom after his behavior this election cycle, and, imho, Sen Clinton still has quite a bit to answer for as well.) But even allowing for my own petty vindictiveness, I’m not feeling the pick. Notwithstanding her dubious qualifications for State — don’t we have any career diplomats who would fit the bill? — Sen. Clinton’s record in foreign policy matters thus far is not what you’d call stellar. (See also: the Iraq vote, the Iran vote.) And, to put it delicately, if we learned anything from the Clinton campaign this past cycle, it’s that management skills may not be her forte — Wouldn’t we all be better served with Sen. Clinton replacing Ted Kennedy as the new liberal lion of the Senate?

Mind you, I can see the political merits of the pick, both in terms of its Lincolnian magnanimity (it enhances Obama’s “goodbye to all that” post-partisan prestige, and completes the Seward analogy) and its Johnsonian shrewdness. (As LBJ said of J. Edgar Hoover, ““I would rather have him inside the tent pissing out than outside the tent pissing in.“) And, if the president-elect believes Sen. Clinton to be the woman for the job, despite everything that’s happened over the year, I’m inclined to trust his judgment on the matter. I just hope it works out better than I fear. (Pic via Sullivan.)