Saturday, November 8, 2008

Bush Should Call Hoyer's Bluff

News yesterday of the Obama Economic Team's deliberations in Chicago included discussions of yet another stimulus package. The President-elect would like it of course, if the lame duck Congress and President signed this thing before he was inaugurated. House Majority leader Steny Hoyer has threatened to not even hold the Lame Duck session unless the President signals his desire to sign another stimulus. Hoyer believes the President's desire to complete a free-trade agreement with Colombia is important enough that it can be held over his head. The President should walk away from this. A free-trade agreement with Colombia is important, but not as important as standing in the way of bad economics.

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