Politically, Stimulus Battle Has Just Begun
Thanks to the one-sided nature of Congress’s votes on the economic stimulus package, the plan to turn around the worst financial crisis facing the country in more than 50 years now carries not only enormous fiscal stakes but political stakes that are nearly as large.
President Obama’s advisers are betting that the historic legislation he will sign tomorrow will bear fruit quickly, and they plan to do everything they can to highlight evidence of it creating the jobs he has promised. That public relations effort kicks off tomorrow as a two-day swing through the West begins.
But the Republican Party has made its own bet: that the stimulus package that Democrats rushed through Congress will have been deemed a failure by the time the 2010 elections arrive, leading voters to rebuke Obama and reward the GOP with much-needed victories.