"We don't need short-term gestures, we need long-term strategies that build into our system simpler taxes, lower taxes, fewer mandates, lower costs, more certainty, any changes in the debt structure of tax reform ought to come out of the Vice President's talks or part of a major tax reform," Alexander said. "If short-term government programs work, we wouldn't have 9% unemployment today because the government has tried it. So we've proved that doesn't work, unforutnately."
That bodes poorly for Democrats, who are negotiating a broad package of long-term spending cuts and an increase in the national debt limit with the GOP. As part of that plan, Obama and his advisers want to include one more short term injection of demand into the economy. Republicans seem uninterested.