Congressman willing to work with Obama

Congressman Kevin McCarthy  is willing to work with President Barak Obama to deal with the recession, but  politics as usual is getting in the way.

Vince Fong, McCarthy’s representative in Bakersfield, spoke to the Taft District Chamber of Commerce Wednesday morning about the state of the economy and McCarthy’s position on the morning after Obama’s nationally televised address on the state of the economy to Congress.

Fong said McCarthy is willing to work with Obama to start turning the economy around where there is common ground and discuss the issues when there are differences.

“We will work with the president on anything we agree on,” Fong said. “If we don’t agree, then we will hold a healthy debate.”

Fong said McCarthy thinks Obama will be easier to work with than the Democratic Leadership in the House

In a written statement issued Tuesday night after Obama’s speech, McCarthy was much more conciliatory than the official Republican response from Gov. Bobby Jindal of Louisiana. McCarthy said he “stands united in purpose with him to produce solutions to move America forward. We need to work together as Americans to tackle the very tough economic situation American families and small businesses face today.”

Fong said there are some serious problems with a proposed stimulus bill.

More than half of the money in the stimulus bill won’t be spent in the first two years and only a small fraction – 4 percent – is for infrastructure projects.

“There are some inconsistencies. That’s why the congressman voted against it,” Fong said.
More over, the bill contained 9,000 “earmarks” – bills added on by members of congress, nearly always for projects in their districts.

McCarthy doesn’t believe in earmarks unless they are related to defense projects for the two major military bases in his district, the China Lake Naval Weapons Center and Edwards Air Force Base, Fong said.

McCarthy, in his written statement Tuesday night, called for  “fiscal responsibility, government responsibility and spending transparency.”

He also doesn’t believe in tax hikes as a way to deal with a growing federal deficit as the United States Treasury pumps billions and billions of dollars into the economy to keep troubled businesses afloat.

That could lead to some negative consequences for the economy, including inflation, Fong said.
He said McCarthy’s isn’t too happy with the way the large banks have refused to loan out the money they obtained from the federal government.
He said the banks have a lot of explaining to do.

“We area really frustrated with the banks. They took the money and they were supposed to lend it out. Where’s that money going to go? How is that money going to be used? Those are the questions that need to be answered.”