Is a national recession
likely?
I have no idea. Even
economists don't seem to know for sure. Nobody really does.
But it has been interesting
to watch Washington, DC react to the potential of a recession.
Usually, I'm with those who
say that DC is "broken." For years, the Republican Congress abdicated
its role in shaping policy to a very powerful (and formerly popular) president.
Then, when the Democrats took over they weren't able to find a way to force an
enormously unpopular but still powerful president to the bargaining table.
President Bush continued to get his way on just about everything, and the
Democrats looked as weak and inconsequential as the congressional Republicans
did.
But the ever-growing fears of
a recession,finally seemed to get the nation's Powers
That Be moving in the same direction.
President Bush outlined his
stimulus plan and a week later both parties in the US House, working closely
with the Bush administration, came up with a proposal. The speed shocked people
like me, who figured the whole thing would get bogged down in petty details.
This thing's not over yet, so it still might go awry, but it's been an
impressive start.
I told you that story so I
could tell you this one.
We all know that state
government has been paralyzed for at least the last year.
It took eight or nine months
to work out a deal to tamp down skyrocketing electric utility rates that should
have been done in eight or nine weeks.
Gov. Rod Blagojevich demanded
near-universal state-sponsored health insurance coverage for the masses, but he
inexplicably refused to compromise on a politically palatable funding source
and nothing happened.
The governor vetoed hundreds
of millions of dollars in projects and grants from the state budget in
political retaliation against House Democrats and Senate Republicans because
they had held up his other priorities. That resulted in more wars over just
about everything under the sun.
And then the governor fiddled
for months while the Chicago region's transit system bordered on collapse. Instead
of working with others to find a solution, he allowed the issue to fester while
he came up with a "secret" plan to get himself out of his campaign
pledge not to raise sales taxes. And then he pranced around like a clownish
hero in a feeble attempt to take all the credit.
Not everything is Rod
Blagojevich's fault. There are several others to blame. But he's the governor
and the buck stops with him.
If we are slipping into a
recession, or even if a "slowdown" is in our future, we can no longer
afford to have this sort of political gridlock and goofy showmanship. What we
need are results.
One of the ways that Illinois
can help protect itself against a national economic slowdown is to pass what's
known as a "capital plan." It's another way of saying "a program
to repair and construct roads, bridges, schools and mass transit
networks."
The federal government has
approved billions of dollars for Illinois construction projects. All Illinois
has to do is come up with its financial share.
But the capital plan has been
held up by the massive political war between the governor and House Speaker
Michael Madigan.
Madigan doesn't trust the
governor to release cash for projects in his members' districts - and for good
reason. Blagojevich simply isn't trustworthy, and he has proved over and over
again that he will use whatever power he has to undercut Madigan.
On the other hand, Madigan
won't sit down with Blagojevich and try to find common ground.
The capital plan will create
hundreds of thousands of jobs all over Illinois, either directly or indirectly.
It will help cushion the blow of an economic downturn. Heck, even if nothing
bad happens, it will still be hugely beneficial to the economy and to ordinary
everyday citizens who drive on those dilapidated roads and bridges, send their
kids to crumbling schools and ride on rickety rail lines.
If Washington, DC can get
their act together, surely Springfield can. The governor needs to decide
whether he wants to be a silly, can't-do buffoon who lives to score cheap
political points, or a real leader. He needs to do whatever it takes to get
this done.
And if he can't lead, he
ought to get out of the way.
-30-
Rich Miller also publishes
Capitol Fax, a daily political newsletter, and thecapitolfaxblog.com.