Sen. Lindsay Graham (the Senate Budget Committee for South Caroline) is one of the Republicans who were strongly opposed to the bill. According to him, the bill was doomed to fail. This is because the bill would spend over one trillion dollars of the states money in a span of 10 years. Moreover, the bill does not have for economic recovery.
This means that if the bill is to be successful, government expenditure will have to increase considerably. Graham noted that only 11% of the bill would hit the economy in first year, and over 50% would not be spent in two years time. He also noted that the bill did not include the banking sector and it didnt have anything to do with the housing market (Quinn, 2009).
However, most democrats hold that these matters do not have anything to do with the economy, although, in reality, they are among the problems derailing the economy. Graham argued that, if the bill had focused more on housing and banking, the nation would have an opportunity to help its economy. The banking and the housing sectors are the economic engines in most of the developed countries and they play a great role in the financial sector.
Graham refuted the Democrats argument that the bill will create jobs and that it would improve the economy. According to him, the democrats just rely on platitudes and not facts in making their arguments. For instance, they discuss about President Bush, but do nothing about the package. He commented that, The people spoke, and I dont think this is what they had in mind (Issenberg & Globe, 2009).
According to him, the over 1, 000 page bill was an act of theft that would adversely affect the government by . Several of the Republicans noted that Obamas approval of the massive bill without their cooperation was a betrayal of his campaign rhetoric concerning bipartisan consensus.
Graham said that If this is going to be bipartisanship, the country is screwed. I know bipartisanship when I see it. Ive participated in it. I have gone back home and because I wanted to be bipartisanship (Amanpour, 2009).
His rejection of the bill was based on lack of bipartisanship. The whole process was not bipartisan, it was a rammed process. It had been started with the idea that the democrats will win in writing the bill. The Senate was not even given enough time to read the 1,079 bill and be able to correct some of its clauses. For instance, Graham wondered about the connection between AMT and job creation which was included in the bill.
Graham was not actually against the bill, but the gigantic spending which was not appropriately allocated. He would have supported the $440 billion bill since it included all that the government wanted to do to bring change, for instance, it cut taxes, had investment in infrastructure, and helped the unemployed people.
What he did not understand is the need for the government sweeping stimulus package. Graham disapproval on the bill was based on facts that were not included in the bill. During a debate aired by the ABC news, Graham agreed that there was need for a stimulus package that focused on job creation.
However, according to him 11% of the appropriated money was to be spent in 2009; this means that a large percentage of the money in the stimulus package is entitled to spending and is not aimed at creating jobs. About 27% goes to tax cut, and this is a very small percent because only $3 billion in given to small business which should have the biggest focus since more than 75% of the residents in the U.S are employed in small businesses.
This means that out of $787 billion, only $3 billion goes to small businesses. This is not enough to create new job opportunities. This is where the Democrats missed the mark, instead on focusing on facts, they focused on issues that were not directly related to the mission they had at hand. If the bill was given more time, it would have been amended appropriately and would have received a majority votes (Anon. 2009).
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