Editore"s Note
Tilting at Windmills

Email Newsletter icon, E-mail Newsletter icon, Email List icon, E-mail List icon Sign up for Free News & Updates

June 25, 2009

THE GOP'S FLEETING LOVE FOR THE CBO.... Back in January, the Congressional Budget Office issued a preliminary assessment of the administration's stimulus package. It was only a partial look at an out-of-date proposal, but it bolstered Republicans' criticism, so the GOP ran with the misleading numbers. Soon after, a more complete CBO report was issued, it bolstered the Democrats' case, and all of a sudden, Republicans' love and respect for the CBO disappeared.

We're seeing the exact same scenario play out again.

Last week, the Congressional Budget Office scored an incomplete Democratic health care proposal, issuing an unhelpful analysis with little practical value. House Minority Whip Eric Cantor (R-Va.) not only accepted the CBO numbers as gospel, but called the analysis "the turning point in the healthcare debate."

This week, the CBO ran the numbers on the Democratic cap-and-trade, and in the process, discredited the Republican talking points on the proposal. Cantor's fickle love for the CBO, predictably, faded quickly.

"Today, now we are reading the reports that have come out this week that CBO has now reduced its cost estimate to say that it is only $160 that families will be impacted by the cap and trade bill. I think that now CBO has now entered the realm of losing its credibility."

Um, congressman? If you believe the CBO when it tells you what you want to hear, and reject it when it delivers bad news, it's not the Congressional Budget Office that's "losing credibility."

In January, the New York Times' David Brooks wrote that President Obama is "going to have to prove the hard way that he meant what he said about being pragmatic and evidence-based. That means he won't sweep a C.B.O. study under the rug simply because the findings are inconvenient."

It's tempting to think, under the circumstances, that the criticism might now be directed at congressional Republicans, except no one has ever accused them of being pragmatic and evidence-based.

Steve Benen 10:35 AM Permalink | Trackbacks | Comments (9)

Bookmark and Share
 
Comments

cantor needs a free trip to argentina... or a hike on the appalachian trail.

Posted by: neill on June 25, 2009 at 10:41 AM | PERMALINK

Um, congressman? If you believe the CBO when it tells you what you want to hear, and reject it when it delivers bad news, it's not the Congressional Budget Office that 'losing credibility.'

You seem to be assuming that Eric Cantor has some credibility to lose.

Posted by: Anon on June 25, 2009 at 10:43 AM | PERMALINK

What Brooks is saying is that only Republicans should be allowed to own rugs.

Posted by: qwerty on June 25, 2009 at 10:49 AM | PERMALINK

Um, congressman? If you believe the CBO when it tells you what you want to hear, and reject it when it delivers bad news, it's not the Congressional Budget Office that "losing credibility."

Posted by: neil wilson on June 25, 2009 at 11:01 AM | PERMALINK

What if anything about these people surprises you? We all know by now that these republican asshats are nothing but liars. They'll basically say anything. The great thing is that they can be instantly fact checked.

Posted by: Gandalf on June 25, 2009 at 11:07 AM | PERMALINK

According to CBO’s estimates, the gross cost of complying with the GHG cap-and-trade program delineated in H.R. 2454 would be about $110 billion in 2020 (measured in terms of 2010 levels of consumption and income), or about $890 per household (see Table 1). Of that gross cost, 96 percent would be the cost of acquiring allowances or offset credits. The reminder would be the resource costs associated with reducing emissions.
http://cbo.gov/ftpdocs/103xx/doc10327/06-19-CapAndTradeCosts.pdf

$160 is a supposed after-tax bait-and-switch/magical-realism Democratic effin' lie. The best part is cap-n-trade won't even effect the environment, unless Obamapet CHI-Town EXELON (free "offset credits" wOOhOO!), et.al., can raise energy prices on the Chinese along with the rest of us middle-class, private sector, taxpaying chumps.

Posted by: tao9 on June 25, 2009 at 11:09 AM | PERMALINK

Let's see if Brooks the subbooban hack will sweep the new CBO figures under the rug ...

Posted by: neil b on June 25, 2009 at 11:12 AM | PERMALINK

Nah, Brooksie is far too much of a neatnik - He will, simply, Hooverize them. Hey, Brooks, Mieles work ever sooo much better.

Posted by: berttheclock on June 25, 2009 at 11:25 AM | PERMALINK

IIRC it was the Rs that misinterpreted the study and used bad math to come up with the $3000+ figure. Even after the author of the study refuted their figure, they continued the lie. So of course the Rs are going to disagree with the CBO.

Posted by: Me on June 25, 2009 at 11:34 AM | PERMALINK




 

 

Read Jonathan Rowe remembrance and articles
Email Newsletter icon, E-mail Newsletter icon, Email List icon, E-mail List icon Sign up for Free News & Updates

Advertise in WM



buy from Amazon and
support the Monthly