For a better browsing experience, please upgrade your browser.

FiveThirtyEight

Politics

Rather devoting $1 trillion dollars to deficit spending, as Mitch McConnell warns us that Obama’s stimulus package is wont to do, perhaps instead Obama should limit the package to $675 to $775 billion and devote a significant fraction of that to tax cuts rather than spending increases.

Wait, that’s already what he’s planning on doing?

Ssssshhh. Better not tell McConnell.

The numbers we’re playing with are so large here — so large as to seem almost abstract — that one gets the sense that whatever Obama calls for, Mitch McConnell will simply call for 40% less. So if Obama calls for a $1 trillion stimulus, McConnell will call for $600 billion instead. And if Obama calls for a $800 billion stimulus, McConnell will call for $480 billion instead.

If I were Obama, and what I actually wanted was an $800 billion stimulus, I might have someone whisper some off-record comment to Adam Nagourney about a $1.2 trillion stimulus just to frame McConnell’s expectations accordingly. Then Obama can force the GOP into the position of accepting a compromise which it doesn’t really want.

Filed under , ,

Comments Add Comment

Never miss the best of FiveThirtyEight.

Subscribe to the FiveThirtyEight Newsletter
×

Sign up for our newsletters to keep up with our favorite articles, charts and regressions. We have two on offer: The first is a curated digest of the best of what’s run on FiveThirtyEight that week. The other is Ctrl + , our weekly look at the best data journalism from around the web. Enter your email below, and we’ll be in touch.




By clicking subscribe, you agree to the FanBridge Privacy Policy

Powered by WordPress.com VIP