The House Rules Committee has posted the full text of the economic stimulus package, officially called the “American Recovery and Reinvestment Act of 2009,” that President Barack Obama wants passed. If you have time to read the nearly 650-page pdf file, you can find it here.
This should be the first major legislative battle of the Barack Obama era. The Republicans are lining up against the package because they want more tax cuts like those they used to attempt to fix the economy with under President George W. Bush. The Democrats under Obama want something more like the New Deal under President Franklin Delano Roosevelt.
Of course, there has been a lot of information and misinformation floating around in this battle.
The Huffington Post noted that a Congressional Budget Office report being cited by Republicans as evidence the stimulus package wouldn’t do anything to, well, stimulate the economy doesn’t exist. At least not in the form cited often last week by Republicans.
This, not surprisingly, drew the attention of the media watchdogs at Media Matters.
“With so much on the line, one would expect the media to give the public a complete picture of how and when the president’s economic recovery package will be spent,” said Karl Frisch, a senior fellow at Media Matters in a press release. “If the media are going to continue to reference Republican claims about the Congressional Budget Office analysis, it is their responsibility to also inform the public of its obvious flaws.”
Expect more of this from both parties in the coming weeks.