How Will Media Cover Rush Limbaugh's Bipartisan Stimulus Plan?

Conservative talk radio host Rush Limbaugh wrote an op-ed in Thursday's Wall Street Journal wherein he offered a bipartisan stimulus plan to get the economy going.

As not one Republican voted for President Obama's economic package in the House Wednesday despite his campaign promises to usher in a new era of bipartisanship, given the media's focus on Limbaugh of late one would expect his now-published plan to get oodles of press attention.

Will it, and if it does will Obama-loving media members seriously consider the details or quickly dismiss it because of its origin?

As you ponder, here are some of Limbaugh's suggestions

Fifty-three percent of American voters voted for Barack Obama; 46% voted for John McCain, and 1% voted for wackos. Give that 1% to President Obama. Let's say the vote was 54% to 46%. As a way to bring the country together and at the same time determine the most effective way to deal with recessions, under the Obama-Limbaugh Stimulus Plan of 2009: 54% of the $900 billion -- $486 billion -- will be spent on infrastructure and pork as defined by Mr. Obama and the Democrats; 46% -- $414 billion -- will be directed toward tax cuts, as determined by me.

Then we compare. We see which stimulus actually works. This is bipartisanship! It would satisfy the American people's wishes, as polls currently note; and it would also serve as a measurable test as to which approach best stimulates job growth. I say, cut the U.S. corporate tax rate -- at 35%, among the highest of all industrialized nations -- in half. Suspend the capital gains tax for a year to incentivize new investment, after which it would be reimposed at 10%. Then get out of the way! Once Wall Street starts ticking up 500 points a day, the rest of the private sector will follow.
Does this have a chance of getting serious coverage from the Obama-loving media?

P.S. The good folks at CNBC must be intrigued, for Limbaugh is about to be interviewed at 10:50 AM EST. Stay tuned.
Taxes Economy Unemployment Budget Regulation Stock Market Banking/Finance Recession Bailouts Wall Street Journal
Noel Sheppard's picture

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