Won’t Larry Summers please just go away? He already laid the groundwork for the current financial crisis and damaged Harvard’s reputation. Now, he’s steering President Obama and the stimulus bill away from transit and other infrastructure spending and toward tax cuts.
According to House Transportation Chair James Oberstar (D-MN), the original stimulus proposal had $20 billion more for infrastructure, especially transit, but tax cuts crowded it out. He proposed a 60-40 split between highways and transit, but House and Obama negotiators took away more of the transit, shifting the mix to 75-25. On the Rachel Maddow show Friday, Congressman Peter DeFazio (D-OR) pointed the finger at Summers:
Almost all other economists agree that infrastructure is a better recovery plan than tax cuts. Infrastructure projects let the government guarantee their dollars get spent, not just saved, and then when you’re done, the country gets to keep the new infrastructure. An overwhelming majority of Americans support infrastructure spending. But, DeFazio said, tax cuts over infrastructure was “the dictate from on high in the negotiations with Obama’s advisers … I think he’s ill-advised by Larry Summers. Larry Summers hates infrastructure.”
DeFazio is fighting back, at least a little bit. He’s introducing an amendment to add $2 billion in operating assistance to transit, helping our transit agencies stave off painful service cuts at a time when ridership is booming. Congressman Jerry Nadler (D-NY) will also be introducing an amendment to add $2 billion in capital investment. If they pass, those two amendments will restore only a small fraction of the $20 billion Summers & co. cut, but they’re a start.
The first step for these amendments is the House Rules Committee, which decides which amendments can come to the floor. Rules will discuss these tomorrow. Please call Louise Slaughter, Chair of the Rules Committee, at 202-225-3615 and ask her to bring DeFazio’s and Nadler’s amendments to the floor.
Ask for a rule that allows it to pass with a majority of House members. Sometimes Rules requires a two-thirds majority for some amendments, which most likely dooms those; we want a majority.
Most of the time, House members disagree and negotiate behind the scenes. When they go public, they send a clear message that this is an important issue that they care about. Oberstar, DeFazio and Nadler are taking a stand. Let’s have their backs. Call Slaughter now at 202-225-3615 and ask for Rules to bring both amendments to the floor under a simple majority rule. And tell your fellow readers how the call went in the comments.