The bill the Republicans shot down is not a panacea, but independent economists say it would have a significant and swift effect on the current stagnation. Macroeconomic Advisers, whose forecasts are often used by the Federal Reserve, said it could raise economic growth by 1.25 percentage points and create 1.3 million jobs in 2012. Moody’s Analytics estimated new growth at 2 percentage points and 1.9 million jobs. Those economists say that Republican ideas for increasing growth would have no measurable effects in the next year.
Because this is 2011, we’re about to enter the phase where constant killing of bills is what the Republicans will want to do. By preventing any bills from passing, Obama and the Democrats can’t get credit for fixing anything, thus leaving them looking like the party of disaster. Moreover, they can do so while still claiming that the bills shot down were terrible anyway, letting the base believe that their motives weren’t blatantly political.
This is the key quote:
Republican candidates fear the Tea Party too much to acknowledge that economists are solidly behind government intervention to awaken growth.
Exactly. The Tea Party wing of the right has embraced Reagan’s famous “I’m from the government and I’m here to help” quip to the point that they don’t simply oppose excessive government intervention, they oppose any and all government involvement. And because Republicans are too frightened of their clout to stand up to the nutbar base, nothing will get done.