Rush Limbaugh doesn’t like Barack Obama’s $900 billion stimulus plan, and he’s betting the 46% of the country that voted for John McCain don’t either. But don’t worry, Rush has a plan. “Under the Obama-Limbaugh Stimulus Plan of 2009,” he writes in the Wall Street Journal, 54% “will be spent on infrastructure and pork as defined by Mr. Obama and the Democrats; 46% will be directed towards tax cuts, as determined by me.”
After all, Obama has declared Limbaugh king of the Republicans. Besides, his plan is simple: Cut the corporate tax rate in half, suspend the capital gains tax, and let the invisible hand do the rest. “Once Wall Street starts ticking up 500 points a day, the rest of the private sector would follow.” The public would love it, and we’d finally get to see a head-to-head Keynsian-vs.-supply side economics showdown.