Paul Krugman today combines critique of the compromise Senate bailout with an accurate attack on bipartisanship. The key passage:
Mr. Obama’s postpartisan yearnings may also explain why he didn’t do something crucially important: speak forcefully about how government spending can help support the economy. Instead, he let conservatives define the debate, waiting until late last week before finally saying what needed to be said — that increasing spending is the whole point of the plan.I'm having Clinton flashbacks.
And Mr. Obama got nothing in return for his bipartisan outreach. Not one Republican voted for the House version of the stimulus plan, which was, by the way, better focused than the original administration proposal.
The basics behind Krugman's assessment can be found in a Financial Times summary (my archive version). By their count, 40% of the Senate stimulus is tax cuts.
The God That Failed will keep issuing orders unless He is taken out by the Inquisition. The paradigm has to change, and change very quickly.