Limbaugh, who has sharply rebuked the president's more than $800 billion stimulus plan and admonished congressional Republicans for not doing more to stop it, says Obama should make a "genuine compromise" with Republicans wary the bill doesn't include enough taxes and calls for too much government spending.
Instead, Limbaugh proposes that 54 percent — about the percentage of the vote Obama won in the presidential election — of the stimulus bill go to the infrastructure spending the Democrats are proposing while the remaining 46 percent go to the tax cuts pushed by Republicans.
“In this new era of responsibility, let's use elements of both the Keynesians and the supply-siders to responsibly determine which theory best stimulates our economy — and if elements of both work, so much the better,” Limbaugh told listeners Monday. “…The American people are made up of Republicans, Democrats, independents, moderates, whatever they want to call themselves, but our economy doesn't know the difference. Our economy should not be focused on whether or not one party gets reelected. This is about jobs now.”
Look, I can be a sucker for bipartisanship and cooperation. But this has to be taking it to a new level of stupidity such that even I'm not moved (to be fair, this might be Limbaugh's first effort at pretending to want a compromise, so....). The popular vote percentages that Obama and McCain received are not even remotely connected to the optimal mixture of tax cuts and infrastructure spending that should go into a stimulus package. It's at such a high reading on the stunt-o-meter it's breaking the machine.
And of course, the idea that some tax cuts might be a useful part of the stimulus is not indifferent to what types of tax relief are likely to be most optimal -- Republicans seem, to a person, solely in favor of cuts to the wealthy that will likely have the least positive impact on the economy. I'm not opposed to cutting taxes per se, but the cuts have to be targeted so as to put cash in the wallets of working class Americans -- and that ain't the estate tax or the capital gains tax.