President-elect Barack Obama and liberal members of Congress are gearing up this week to make their case for an economic stimulus bill that costs upwards of $775 billion. Obama has said he wants to secure as many as 80 votes in the Senate in hopes of striking a bipartisan deal.
Unfortunately, most of the talk so far about the stimulus has focused on failed economic policies. Some of them even resemble the approach of President Franklin Delano Roosevelt in the 1930s when the United States was mired in the Great Depression.
The Heritage Foundation is committed to sound economic policies that revive the economy and help America prosper. Our policy analysts have deep concerns about the approach Obama and congressional liberals are pursuing. That’s why we’re unveiling a new resource called Rapid Response.
The idea is to create a one-stop place on our website with all of our work on the economic stimulus. We’ve identified the research papers, related commentaries, new blog posts and videos that make the case for a proposal that helps the economy reach a sustained, higher level of growth.
We’re calling the new page Rapid Response in anticipation of the many battles Heritage and our conservative allies will be fighting on Capitol Hill this year. The economic stimulus will be the first of many policy disputes, so you’ll be seeing us roll out similar Rapid Response pages on other issues in the weeks and months to come. We hope you find it helpful. We welcome your comments and feedback.