
Seriously??
If actions taken by the administration, the Congress, and the Federal Reserve are successful in restoring some measure of financial stability — and only if that is the case, in my view — there is a reasonable prospect that the current recession will end in 2009 and that 2010 will be a year of recovery," Bernanke said.This statement indicates that we'll know within 6-9 months if the trillions of dollars of spending are stimulating the economy or just the Socialists. Huzzah.
Tomorrow: Is Uncle Sam going broke? Karl Rove offers his two cents!More like close to $200 from every living man, woman, and child on Planet Earth to cover the cost of our brand new Pork Law.
Unlike hundreds of other cities, however, Daley said Chicago won’t make its list public.Translation: I miss the good old days, when we could fatten up on tax dollars without anyone knowing.
“Yes, we do, we have our list, we’ve been talking to people. We did not put that out publicly because once you start putting it out publicly, you know, the newspapers, the media is going to be ripping it apart,” Daley said.
Any hopes for bipartisan cooperation that President Obama once harbored crashed on Capitol Hill just three weeks into his presidency as Senate leaders strained Thursday to pass his $900 billion economic stimulus bill with the minimum necessary number of Republican votes.Yawn. Saying it over and over doesn't change the meaning of the word. Then we get a reminder of just how bipartisan the spirit in Washington really is:
After threatening to go through the night and warning that the financial markets could crash in the morning, Senate majority leader Harry Reid of Nevada said a bipartisan group of 16 senators would look for more spending cuts in the bill todayCan you say "Politics of Fear" anyone?
Even getting all the Democratic votes is touch-and-go. Democratic Sen. Ben Nelson of Nebraska, who is working on an alternative plan with a dozen colleagues on both sides, said "I told them I'd have a tough time voting for it." Asked if he had threatened a no vote, he said, "As a governor, I never said I'd veto. I just vetoed."So we have Democrats thinking about voting "nay" right there alongside Republicans. Hmm. Folks from TWO parties... someone lookup "bipartisan" again?
Any Democrat voting against Obama on his first big initiative to battle what he called a "catastrophic" problem would deal a body blow to his presidency before it gets fully under way.
Senate Republicans have followed their House colleagues into full partisan warfare against the stimulus program. Attacking narrow pieces of the bill - from payments to Filipino war veterans to aid for honeybees - as wasteful spending and proposing wholesale substitutes that would slash taxes instead, a largely unified GOP has battered public perceptions of Obama's first major legislative initiative.Imagine. Those loons thinking that sending money to foreigners overseas won't create jobs here in America. The insanity!
GOP critics, and some Democrats, insist that the bill contains enormous new spending and that much of it will come too late to do any good. But that is by design.Dare to dream.
For Obama, the stimulus is a giant opportunity not just to address the immediate economic downturn but to begin building the new economic architecture he envisions. He might never again get a chance to spend so much money, certainly not in one fell swoop.
President Obama mounted a staunch defense today of the economic stimulus plan now before Congress, chiding critics who want it to focus primarily on tax cuts and asserting that Americans rejected their theories in the November elections.That's easy to say, and all well and good, but it implies a much bigger consensus than is factual. Remember, we talked about this here.
"I will be held accountable. I have got four years [first term in office]," the president said. "I think a year from now people are going to see that we are starting to make some progress, but there is still going to be some pain out there. If I do not have this [economic recovery] done in three years, then there is going to be a one-term proposition [will not be re-elected]."Set your watches:
- President Barack H. Obama, aired Feb 02, 2009 on NBC
WASHINGTON - Americans overwhelmingly want Congress to pass an economic stimulus bill, a USA TODAY/Gallup Poll finds, but expectations are low that it will have much of an effect on their own finances or turn the economy around this year.I'm struggling to reconcile this. People admit it won't help them, but they still want it? These must be registered voters (you know, those easily swayed by sound-bites and blind to trivial things like facts, math, or economics).
About two-thirds of those surveyed predict that a package would make the nation's economy a lot or a little better. When it comes to their own family finances, however, just over half say it either would have no effect or even make things worse.So, isn't that an admission that this is essentially a socialist bill? It may or may not help the general public, will definitely benefit government, but will make individuals' situations worse? And yet, complacency and tacit approval to run things down the crapper seem to reign the day...
PUNXSUTAWNEY, Pa. — The world's most famous groundhog saw his shadow Monday morning, predicting that this already long winter will last for six more weeks.Congressional Democrats and probably a few "Republicans" are determined not to take this lying down. An enormous "Spring Stimulus" bill, intended to "fix" this seasonal problem, is expected any moment. In addition to funding for items like heat lamps, tulip bulbs, and mandatory recalibration of all thermometers to always display 72°F, the bill includes vast provisions for "necessary investments" in free sunglasses and iPods for anyone registered to vote Democrat, art supplies for convicts, and a new law forcing anyone earning more than $50,000 per year to hand their first-born over to someone earning less.