Commentary: Stimulus bill a sorry spectacle

Editor's Note: Jack Cafferty is the author of a new
book<http://www.wiley.com/WileyCDA/WileyTitle/productCd-0470372303.html>,
"Now or Never: Getting Down to the Business of Saving Our American Dream,"
to be published in March. He provides commentary on CNN's "The Situation
Room" daily from 4 to 7 p.m. You can also visit Jack's Cafferty
File<http://caffertyfile.blogs.cnn.com/>blog.

*NEW YORK (CNN)* -- What a joke. Your Congress has voted to spend almost
$790 billion of your money on a stimulus package that not a single member of
either chamber has read.

The 1,073-page document wasn't posted on the government's Web site until
after 10 p.m. the day before the vote to pass it was taken. I don't care if
you're Evelyn Wood, you can't read almost 1,100 pages of the lawyer talk
that makes up all legislation in eight or 10 hours.

The criminal part of this boondoggle is divided into two parts. The first is
the Democrats promised to post the bill a full 48 hours before the vote was
taken to allow members of the public to see what they were getting for their
money. Both parties voted unanimously to do this ... and they lied.

It didn't happen. Why am I not surprised? Congress lying to the American
people has become part of their job description. They can't be trusted on
anything anymore.

I'm sure part of the reason there was no time for the public to read the
bill was the 11th-hour internecine warfare between House Speaker Nancy
Pelosi and Senate Majority Leader Harry
Reid<http://topics.cnn.com/topics/Harry_Reid>
.

When Reid first announced the compromise had been reached, Nancy
Pelosi<http://topics.cnn.com/topics/Nancy_Pelosi>was nowhere to be
seen. And it would take an act of God for this
egotistical, arrogant woman to miss a photo op where she could take credit
for anything. But she wasn't there.

She summoned Reid to her office, where unnamed sources said she blew her top
over some provision for schools that she wasn't happy with. Pelosi's snit
delayed 
<http://www.cnn.com/2009/POLITICS/02/11/stimulus.plan/index.html>everything.
Don't Miss

   - Cafferty: You can blame Pelosi for
stumbles<http://www.cnn.com/2009/POLITICS/02/10/cafferty.house/index.html>
   - The Cafferty File: Join the
conversation<http://caffertyfile.blogs.cnn.com/>
   - Jack's new book: "Now or
Never"<http://www.wiley.com/WileyCDA/WileyTitle/productCd-0470372303.html>
   - In Depth: 
Commentaries<http://www.cnn.com/SPECIALS/2008/news/commentaries/index.html>

 It's really too bad President Obama couldn't figure out a way to jettison
these two who are poster children for everything that is wrong in
Washington. The Associated Press called the birth of the stimulus bill
"sausage making" in the best tradition of Washington politics as usual.

The second part of the crime is the contents of the bill itself. Far from
being only about jobs, infrastructure and tax cuts as promised, the stimulus
bill stimulates a bunch of other stuff as well. Eight billion dollars for
high-speed rail lines, including a proposed line between Las Vegas and Los
Angeles. This little bit of second story work wasn't even in the House
version of the bill. iReport.com: So many things to do, what would you fix
first? <http://www.cnn.com/>

It started in the Senate as a $2 billion project, and came out of the
conference committee costing a whopping $8 billion. Gee, now who would that
benefit? Oh yeah, the Senate majority leader is from Nevada.

Filipino veterans, most of whom don't live in the U.S., will get $200
million in compensation for World War II injuries. And: $2 billion in grants
and loans for battery companies, $100 million for small shipyards and a
rollback of the alternative minimum tax at a cost of some $70 billion.

The AMT provision is much-needed legislation, but it doesn't belong in the
stimulus bill. It forced other things out so Congress could keep to its
self-imposed $800 billion cap.

And when it comes to the tax cuts contained in the stimulus bill, experts
have determined they will amount to about $13 per week after taxes for the
average American. I'm not sure how much stimulation $13 a week buys. It
depends on the neighborhood.

The biggest problem of all is the stimulus bill may not be nearly enough.
And if the president has to come back asking for more, the next time might
not be so easy.

So far, we have an anemic stimulus bill and some sort of vague proposal from
the secretary of the Treasury to deal with the banking crisis -- a proposal
that landed with a thud last week -- as the two first steps toward solving a
financial crisis that is threatening to take down the country.

Obama <http://topics.cnn.com/topics/Barack_Obama> better step up his game,
or it's going to be a short four years in office.

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