Mitch McConnell puts brakes on stimulus package

We’re going to need constant mitchslapping in the 111th Congress. This should cheer some Republicans.

Senate Minority Leader Mitch McConnell (R-Ky.) Monday threw cold water on Democratic hopes of passing a massive economic stimulus package in time for President-elect Barack Obama’s Jan. 20 inauguration, exactly two weeks after the 111th Congress convenes for the new year.

With estimates for the stimulus package reaching as high as $1 trillion, McConnell called on his Senate colleagues to proceed with caution, hold a series of hearings and dedicate at least one week for public review.

We know that as these stimuli snake through Congress, Democrats and Republicans load them up with pork. We also know that a lot of the pork is preferred spending for friends and donors of Congressmen — an area ripe for “public review.”

Let’s have at it.

Incidentally, this weekend on Fox News Sunday, one of the panelists commented that she was sure the package would not reach $1 trillion because the “t word” was too intimidating both for the public and politicians. Very perceptive. While she was on Fox and Friends saying that, David Axelrod was on Meet the Press saying the package would run short of $1 trillion, to around $900 billion.

It’s like iTunes pricing — $0.99 for a song instead of $1.00.