• Filmmaker Alexandra Pelosi reveals what she learned when she crossed party lines to film her new HBO documentaries, The Trials of Ted Haggard and Right America: Feeling Wronged.
• Will Obama’s stimulus plan – which was approved by the House tonight – be enough to save the economy? We’ll debate it.
• Are animal lovers who clone their pets barking up the wrong tree? Alan sniffs around the issue.
The Home Redevopment Act, signed by Carter is what started this economic mess. The Congress is as much to blame also. They used that act to force banks to lend to high risk buyers who could not afford to pay them back. Then Freddie and Fannie bought all those bad loans. Or most of them.
Enter Barney Frank and Chris Dodd. Chairmen of the House and Senate Banking Committees. Barney Frank, as late as last July sat on his throne in Washington, DC and adamantly swore that Freddie and Fannie were in good financial shape. They were strong financially. Chris Dodd echoed Franks remarks.
There is plenty of blame to go around in Washington.
Are you saying you somewhat agree with me? Are you toying with me?
For the record, i consider myself independent. I like what i like, like who i like. It doesnt matter to me if it’s a republican plan, or a democratic plan. I have no party loyalty.
That sounds alot better SITH. Trickle down does not work. Getting out of Iraq as well. The banks,just a bunch of rich CEO,s getting richer. Giving us money,i can hear WILLY,BLISS,KREG,PINO,SEPERATE MAN all screaming NOoooooooo ! Great ideal in my opinion. Give me the money. Another LCD/HDTV,car payment,a larger Super Bowl Party and another car. Trickle up.
The conservative “Myth” of free market is just like the movie TRADING PLACES.You only get rich if you know beforehand the result of the trading report.
I already stated my opinions of the banking situation. I’m fine with getting out of Iraq, I think they should be paying us for all we’ve done. The trickle down doesnt seem to work, get the money to the people.
In my opinion, without doing calculations of cost, every tax payer should get a LARGE stimulus. $500 will help just about no one. Giving money to people that don’t even pay income tax is a joke.
Give $10,000 to every tax payer (yes i understand that will be over a trillion) and tax it before we get it, so the government already gets a 1/3 of it back. Isn’t the average american debt $6700 or so? That would cover that. Instead of giving the people the money, it goes straight to Americans debt, I’m pretty sure they could look at our credit report and see what needs to be paid and they pay so we dont even get our greedy hands on it. If you only have 2k in debt, then you get a check.
Freeing up that money gets the money to the banks to avoid another seperate bank bailout, free up hundred’s more a month for Americans. If they would consider that, along with my other opinion of banks that already got a bailout reducing interest rates, most Americans will have around $500 more a month in their pocket to either save, invest, spend at stores, etc. Then look at that, business starts picking up, people get hired, and we’re on the right path once again.
But the government will never allow that, according to them trickle up doesn’t work.
Only registered user allowed |
A few words on the stimulus package. Some things in Obama’s $825,000,000,000 stimulus package:
1-$1 billion for Amtrak
2-$2 billion for child care subsidies
3-$50 million for the National Endowment for the Arts4-4-$400 million for global warming research
5-$2.4 billion for clean coal
6-$650 million more for digital tv coupons
7-4600 million for new government cars
8-$7 billion for moderenizing federal buildings
9-$150 million for the Smithsonian
10-$54 billion for Economic Development office and Small Business Administration programs that the OMB or GAO have already analyized as being “ineffective”
This stimulus package would pile $10,520 additional debt per household on our children and grandchildren. The interest alone is $347 billion. New jobs which Obama says he would create would cost $200,000 per job.
Rahm Emanuel said, “Never let a serious crisis go to waste. What I mean by that is it’s an opportunity to do things you couldn’t do before.”
That statement is very telling about this administration if you ask me.
January 28th, 2009 at 7:44 pm
Didn’t The Chairman Himself claim that there would be no Pork in this bill?
January 28th, 2009 at 7:48 pm
Obama said he would end earmarks during the campaign. So much for his promise. You would think he would veto this bill. I hope the republicans in the Senate have enough guts to fillabuster this monstrosity.
January 28th, 2009 at 7:56 pm
Gotta go folks. More global warming to shovel.
January 28th, 2009 at 8:06 pm
Clean coal research?
The Smithsonian?
Modernizing our public buildings?
Fuel-efficient (US built) cars?
Where is the ‘pork’ here?
January 28th, 2009 at 8:22 pm
Willy:
Why all this hate towards Obama?
January 28th, 2009 at 8:25 pm
Why all this hate towards Obama?
Think of it this way:
Why all this hate towards Obama The President Bush?
January 28th, 2009 at 9:12 pm
Why all this hate towards Obama?
Think of it this way:
Why all this hate towards
ObamaThe PresidentBush?January 28th, 2009 at 9:12 pm
Pino:
I don’t understand. If you don’t like liberals, why do you visit a liberal site? Are you a masochist?
January 28th, 2009 at 9:20 pm
Well, we shouldn’t be wasting money on clean coal, which is a right wing fantasy, or on digital TV coupons, because TV is just heroin, and whatever we’re spending on the National Endowment for the Arts, it isn’t enough.
“Why all this hate towards Obama?”
Obviously, somebody hates America.
“Alan sniffs around the issue.”
I’m not sure why, but this is fairly cute for a tag line, though I must say that by and large the “headlines” for blog entries here are remarkable if only for appearing to have been written by an adult, unlike the headlines on most newspapers and news web sites, which appear to have been written by Kindergarten age cretins stricken with a Beavis & Butthead sense of humor.
January 28th, 2009 at 9:20 pm
Where is the ‘pork’ here?
If by “here” you mean literally the 4 things you listed? Yeah, nice. How about:
–$600 million for new cars for the federal government.
–$1 billion “to minimize undercounting of minority groups” in the 2010 census
–$400 million for NASA for global warming
–$400 million for “National Treasures”
–Broadband Data and Deployment Grants* ($350 Million)
–After School Feeding Program ($726 Million)
–Alternative Fueled Vehicles Pilot Grant Program ($400 Million)
–Washington, D.C. National Mall Revitalization ($200 Million)
January 28th, 2009 at 9:23 pm
I don’t understand.
Not surprising
If you don’t like liberals
I like many liberals. I abhor Liberalism.
why do you visit a liberal site?
It’s more interesting debating people you disagree with.
January 28th, 2009 at 9:24 pm
we shouldn’t be wasting money on clean coal
How about this? Close your eyes….[actually, that doesn't work; couldn't continue reading] What if, just imagine, that we develop technology to produce clean clean, efficient and abundant energy? We’d use it, right?
Now, imagine the technology mentioned above was NOT hydro, solar, wind but rather [gasp] clean coal? No one from the right is saying that coal HAS to be it. All we are saying is don’t count it out; don’t let government PICK the winner.
January 28th, 2009 at 9:28 pm
Willy:
What’s this you said about “respecting the office” and all that?
January 28th, 2009 at 9:30 pm
By the way, at least Obama is doing SOMETHING. Enlighten me, what has Bush done to help the ecomony?
January 28th, 2009 at 9:33 pm
at least Obama is doing SOMETHING
No. At MOST Obama is doing something. But if you want to know, he is lying to us, extending the recession and inching us closer to European styled Socialism.
January 28th, 2009 at 9:47 pm
what has Bush done to help the ecomony?
Since Obama became President? I bet he has shopped.
January 28th, 2009 at 9:48 pm
TDRO
Yes Obama has done something, sign an order on lobbyist, then promptly waive it so he could fill the white house with them. So much for the promise that lobbyists would not find work in his white house.
January 28th, 2009 at 10:01 pm
Dennis:
So what has Bush done for 8 years? Besides start 2 wars, do nothing about the housing crisis, unemployment, and the tanking economy and take a surplus from the previous administration and turn it into a $3 trillion deficit?
Obama wasn’t my pick for president, but I’m willing to give him more than a week to prove himself.
January 28th, 2009 at 10:40 pm
I’m a liberal but I’m against the ’stimulus’ package as it stands.
It’s a huge sum of money and given the lessons learned from TARP thus far, we shouldn’t just rubber-stamp a bill of this size.
I actually agree with many on the right that there is too much pork in this bill and stuff which doesn’t really seem to be ’stimulus’. Personally, I’d like to see a bill created which is focused on short-term, quick-acting stimulus measures and then a second bill focused on longer term stimuli.
The first bill needs to be passed quickly and then folks can take their time debating/passing the second. I would suggest tax-cuts are one element of a short-term bill (but not geared towards the rich like Pres. Bush’s) and government spending that will tangibly create jobs in the short-term (not 2010 or beyond).
If the proposals don’t meet those criterion, then I would like to see the explanation for each item on how it will ’stimulate’ our economy.
January 28th, 2009 at 10:43 pm
I’m a liberal but I’m against the ’stimulus’ package as it stands.
Lee, I think that we can agree.
I actually agree with many on the right that there is too much pork in this bill and stuff which doesn’t really seem to be ’stimulus’.
Much of the bill is old campaign promises from years and years ago. Much of this bill has nothing to do with stimulus and that little that does—takes too long to make an impact.
I would suggest tax-cuts are one element of a short-term bill (but not geared towards the rich like Pres. Bush’s)
I am often sarcastic here, as such, deserve the ribbing I get back. But this is serious. Not counting the rich that are rich due to inheritance–the below rule doesn’t apply–I really think that people who are rich are that way because they are good with money.
You can take 2 guys, each with 10 large. One of them is going to take it, save some, spend some–whatever. The other guy is going to start a business, build that 10k into much much more.
Now, does he, in time, have much nicer cars and homes and stuff–yeah, yeah he does. And thats kinda hard to see. But the fact is, a discussion that is framed by economy and finances, MONEY is the best indicator of skill. Over time, in business, the guys who are best at building business are the ones with the most money.
So, when the right says, tax cut tax cut tax cut, we are not saying, give more money to people who already have enough. What we are saying is “Dude, Kobe has 48 points, give HIM the ball.” With that game on the line, you have to give the ball to the best player.
DISCLAIMER: None, NONE, of what I said above relieves the rich or the wealthy from contributing to society. There are injustices in this world. People are suffering. I [we] get that.
January 28th, 2009 at 10:53 pm
TDRO
I just think it is sad that after all those promises made during the campaign, so few are actually being followed up on. But that is politics I guess. My point is that Obama is no different than any other politician, promise one thing and do something else. I never said I agree with everything Bush did, but all the ills in the world are not his fault either
January 28th, 2009 at 10:55 pm
The plantation life is alive and well in Mississippi, Mr. Colmes.
Society there is divided up between (1) the upper and middle classes and (2) the peasants.
(1) is white folks and (2) is everyone else.
It’s better today but as recently as 15 years ago, a drive down Highway 61 south from Memphis into the Delta was like taking a drive back into the 1950s.
January 28th, 2009 at 11:03 pm
govtrack dot us/congress/billtext dot xpd?bill=h111-645
111th CONGRESS
1st Session
H. R. 645
To direct the Secretary of Homeland Security to establish national emergency centers on military installations.
IN THE HOUSE OF REPRESENTATIVES
January 22, 2009
Something was noted somewhere (Coast to Coast AM?) about this or something similar last year. The government has supposedly already instructed contractors to prepare camps for holding hundreds of thousands of us for some evil purpose.
One of the holding camps was supposed to be going up on a closed airbase near me. I happened to be driving by the “camp” a few days later so I wheeled in to look. Nothing. No one was doing anything. Birds. Rabbits. Weeds. That was all.
I was disappointed. I thought I had a “scoop” but all I had was … nothing.
January 29th, 2009 at 12:25 am
“”I just think it is sad that after all those promises made during the campaign, so few are actually being followed up on.”"
You ARE kidding, right Dennis?
..had me going there for a sec…I’m thinkin’ Jeez, the guys been president for what, 2 weeks?…
But I get it now, lol.
The defeated right wing has been holding it in since November, they just can’t hold it anymore, lol.
I’m waiting to hear the first one talk about how the country’s gone downhill since Bush left, hahaha, the good ole days of 10 days ago…
It’s like Christmas ads in Sept….todays politics are so divided that no-one even bothers to wait and see, they just get the knives out the next morning after the election…
January 29th, 2009 at 12:38 am
Free Republic has a nice write up on HR 645.
HR 645 will set up concentration camps to imprison dissenters. Rahm Emanuel’s Civilian National Security Force will be rounding up conservatives and Republican gun owners and locking them away in these new camps.
Ohhhhhhhh – kay.
DailyPaul dot com (as in Ron Paul) has a similar story.
Ohhhhhhhh – kay.
January 29th, 2009 at 12:40 am
Last year, the FEMA camps were supposedly going up so Bush could lock dissenters up as he seized power when he annulled the November elections, making himself “President for Life”.
I love these conspiracy guys. They’re all nuts but they’re good for a laugh as long as they don’t have guns and can hurt anyone.
January 29th, 2009 at 12:48 am
“”I really think that people who are rich are that way because they are good with money.”"
How profound.
And people that win at poker are “good with cards”?
I think, PINO, that most Americans will never BE rich, but many are counting on the day that they WILL be.
There is a huge difference between someone who builds a successful business, and creates a good standard of living in the top 25% – and the uber-wealthy that benefited from the Bush tax cuts, the top 2%. Look at some actual numbers, it might prevent you from making the common right-wing ‘error’ of saying Bush’s cuts helped the hard-working entrepeneur.
And PINO, I don’t beleive that pork-barreling is a good thing either, but my understanding of the term is that politicians use ‘pork’, or pet projects in their constituency, to create support from their constituents.
How, by any stretch of even your imagination, are ANY of these things you’ve listed “pork barrel” projects?!
Have you pulled a Kregg and re-defined a term here?
After-school feeding programs is ‘pork’?
Funding to NASA is ‘pork’
I’m not going to go through them all, mate, but I can’t see ANY of your examples being pork-barrels, including the ones I questioned before and you (oddly) scoffed,
(!?)…
Now the Stevens/Palin $400,000,000 Gravina Island “bridge to nowhere’….now THAT was a pork-barrel earmark!!
Funding the Smithsonian Institute, on the other hand, is not.
Hilarious.
January 29th, 2009 at 1:01 am
Hi “Mate”
“”I really think that people who are rich are that way because they are good with money.”
I’m going out on a limb—you suck at money.
And people that win at poker are “good with cards”?
Let’s play poker, please! Have you ever considered why the SAME people find themselves in the last rounds of poker tourneys? I would ask you to stop, but you continue to prove my point.
How, by any stretch of even your imagination, are ANY of these things you’ve listed “pork barrel” projects?!
Umm, because NONE of them have ANYTHING to do with, you know, stimulating the economy.
Hilarious.
I am glad you bring yourself amusement.
January 29th, 2009 at 1:06 am
Frosty said: Have you pulled a Kregg and re-defined a term here?
K: Frosty, welcome back… just what term do you feel I’ve redefined?
January 29th, 2009 at 2:58 am
You say “stimulus”, I say “grand larceny”.
January 29th, 2009 at 6:47 am
Frosty, there is a difference between hate and holding a politician’s feet to the fire. Why did Obama pledge to do away with ear marks then after elected decide to allow all these earmarks? PORK!!!!!
Maybe you should invest in some eyeglasses, and if you currently wear them, maybe you should have your eyes re-examined. YOU CAN’T SEE THE PORK IN THIS PACKAGE?!!!!
You see, this is what is drastically wrong with our country. As long as your candidate is in office then whatever he wants to spend OUR MONEY on is ok. I criticized Bush several times because he didn’t use his veto pen on all the Republican spending bills. Republican/Democrat. It shouldn’t matter. HOLD THEM ACCOUNTABLE for what they do and what they WASTE OUR MONEY on.
January 29th, 2009 at 8:30 am
You want your kids and grandkids straddled with this pork package?
January 29th, 2009 at 8:31 am
OH MY GOD I’m so sick out hearing about the white man is a racist bastard. YES….some white people are racist, but to totally ignore that blacks (excuse me, african americans…even though they werent born in africa) are racist themselves is getting old. what percentage of blacks voted Obama? Don’t tell me they all voted for him based on his plans. They wanted the “First Black President” regardless of what his goals were. Racism is out there, quit focusing only on the “white man” side of it.
And don’t call me white, I’m a Lithuanian, French, Italian, Indian-American. You call me white, I’ll sue for racial remarks.
BTW, love the show, make your podcast the full show!
January 29th, 2009 at 9:09 am
Mike, there is a full show podcast available. It is 5 bucks, no commercials – well worth it.
January 29th, 2009 at 9:14 am
OH MY GOD I’m so sick out hearing about blacks voting for Obama.
The same percentages of blacks voted for Gore and Kerry.
January 29th, 2009 at 9:18 am
Bush should not have pushed the first stiumuls and this crap should NOT have been passed either. For once since this bailout nonsense started the republican party in congress voted the correct way.
I am angry that my grandchildren are going to have to pay for sod and all the other crap they put in there so they can spend us further into oblivion. “Because they won”.
so much for the promise of no more PORK, no more EARMARKS, and no more LOBBYISTS in the white house.
January 29th, 2009 at 9:46 am
200 Economists from across the country have signed their name that they disagree with the stimulus plan.
I guess the premise that there is no doubt that this needs to be done is bunk.
http://www.cato.org/special/stimulus09/cato_stimulus.pdf
January 29th, 2009 at 9:56 am
This stimulus is a joke, a bunch of wasted spending. I don’t see how anyone can see it any other way.
January 29th, 2009 at 9:59 am
Agreed ! No pork ,but the GOP economy advisors caused this freaking mess and i don,t want to hear that FAN and FRE s#$t when the whole entire banking system ran amok. Conservative ideals on the market has led to failure time after time. Something has to be done. The last time nothing was done (let the markets run it,s course ) our nation went into the Great Depression.
January 29th, 2009 at 10:08 am
Yeah Cards. There were no democrats in office for the past 10 years. None.
January 29th, 2009 at 10:09 am
More evidence of Bliss’ absolute hatred of sarcasm
January 29th, 2009 at 10:11 am
I guess they can’t blame Republicans when this does nothing to help.
So who gets all the new cars? Everyone on the Hill, perhaps? I bet the Big 3 has already called them with all their sweet offers…
January 29th, 2009 at 10:13 am
I do hate sarcasm that attacks someone on a personal level. Calling someone an idiot, backward, stupid, moronic, evil, etc.
January 29th, 2009 at 10:15 am
Calling someone an idiot, backward, stupid, moronic, evil, etc.
None of those are sarcasm, Bliss. ‘Insult’ is not a synonym for sarcasm.
January 29th, 2009 at 10:17 am
Um
You can use those words IN a sarcastic comment can’t you? Uh huh.
January 29th, 2009 at 10:19 am
Yes, I can – but you may not. I forbid it.
January 29th, 2009 at 10:19 am
Of course insults are often hurled to inflate the ego or to give a psychological boost to the person doing the insulting.
January 29th, 2009 at 10:21 am
BLISSFUL, Bill Clinton,s failures was appeasing that right wing logic regarding the market. However he had a surplus. I wonder what happen to it ?
January 29th, 2009 at 10:25 am
One day we’ll be able to talk about what desicions are being made with the current president, and not always referring to the past.
This is Obama’s plan. This is his best effort to make things better. It will fail.
January 29th, 2009 at 10:29 am
Yes with failure of GOP leadership a conservative idealism that does not work. Deregulation of banks and letting the markets run free has our nation in a recession. Doing nothing led us to the Great Depression and conservatives in the house and senate are doing nothing. They need to get their heads out of the freaking sand like your head SITHABOVEALL. That SITH sounds like evil empire. Conservatives !
January 29th, 2009 at 10:36 am
Majority of the American people voted down the trickle down logic of the economy on 11/4/08.
January 29th, 2009 at 10:39 am
HEY PEOPLE! SithAboveAll is the REAL Messiah. He can tell the future! Whoa. (Bow down, bow down)
January 29th, 2009 at 10:39 am
gocards
Go spend some time on the U.S treasury web site. You can enter dates to see the debt.
http://www.treasurydirect.gov/NP/NPGateway
If you compare the national debt with the deficit year by year it looks like this:
1993 National debt 4.4 trillion deficit 281.6 billion
1994 4.6 trillion 281 billion
1995 4.9 trillion 250 billion
1996 5.2 trillion 250 billion
1997 5.4 trillion 188 billion
1998 5.5 trillion 113 billion
1999 5.65 trillion 130 billion
2000 5.67 trillion 17.9 billion
You can enter different years and look at the national debt AND the deficit you can also compare government debt.
January 29th, 2009 at 10:40 am
Gocards,
a majority of the people didn’t think obama would continue with earmarks and pork spending to pacify the democrats either.
Wasn’t that one of his campaign promises? To stop earmarks and wasteful spending?
January 29th, 2009 at 10:42 am
I think Sithaboveall is just in the Limbaugh camp – hoping things will not get better more than predicting.
January 29th, 2009 at 10:43 am
Wasn’t that one of his campaign promises? To stop earmarks
And a silly promise it was (and let’s remember, both he and McCain made the same promise).
What is considered an earmark to some, is not to others. There is no hard definition, really. Some folks are calling just about every item in the bill an earmark, which to them it probably is.
It was a promise that was impossible to fulfill. Which of course is a politicians favorite type of campaign promise.
January 29th, 2009 at 10:45 am
He didn,t,it was the marjority of the democrats in the house. Regardless,we all know this bill will pass. We all knew some democrats where going to push some pork. The bill will pass – the pork. We can not do nothing as in Hoover.
January 29th, 2009 at 10:46 am
UM, both parties lie to us. It,s the value of the lie.
January 29th, 2009 at 10:48 am
SITH is the EVIL EMPIRE and the SITH was killed by the FORCE.
January 29th, 2009 at 10:50 am
SITH is the EVIL EMPIRE and the SITH was killed by the FORCE.
Good one, Go CARDS! –I’m in the middle of reading a SITH series of comic books right now…
January 29th, 2009 at 10:55 am
I didnt say Obama will fail. I wish him to succeed because we need him to. I just dont think this “stimulus” plan will stimulate anything for the people.
For all those that support this bill, please explain how it work for each part money is going towards. I would love to be educated how $600 million on federal cars is going to help you. How will Amtrak help us?
January 29th, 2009 at 10:56 am
“SITH is the EVIL EMPIRE and the SITH was killed by the FORCE.”
sorry, but the Sith have never been killed off.
January 29th, 2009 at 10:57 am
Again everyone. (Bow down) Sith! Oh, Sith! He KNOWS the bill WILL fail. HE KNOWS! The Second Coming!
January 29th, 2009 at 10:58 am
Everybody brace for the explanation from Vegas how it will work….I will wait.
January 29th, 2009 at 11:02 am
Most economy pundits on the left and right of this issue say we need this package SITH .(are you a star wars fan ?) Doing nothing and letting the markets run it,s course is too dangerous. Hoover fail do nothing or reacted to slow led us into a depression. Regulate the banks,throw some money into the system to get the economy going. FDR proved that,but mess he took over was far greater.
January 29th, 2009 at 11:03 am
Sith: “Everybody brace for the explanation from Vegas how it will work….I will wait”
Don’t wait. I can’t tell the future like you, but, like Go Cards’ example, humans are capable of learning from the past. If History is attempting to repeat itself (The Depression), then act swifter than History did in order to prevent History from repating itself.
January 29th, 2009 at 11:07 am
Snap!! that sound you heard UM is us breaking up. I cant believe it. “I’m in the middle of reading a SITH series of comic books right now…” Archie was right, You broke my heart!
Sincerely,
Veronica
January 29th, 2009 at 11:07 am
I’m not saying we should sit back and do nothing. If our government is holding the banks up, then they should be able to have more say in how they operate. Congrats on Obama talking to Citi about the jet, now get him in there to talk to everyone else about dropping the interest rates across the board. Imagine if every homeowners interest rate dropped to 2%. No refinacing BS and having to pay closing costs again or some other stupid means of squeezing out more money, just a straight cut. Banks would still get plenty of money from the 2%, people would be able to afford their house payments so the banks get their money, and the people would have a few hundred more dollars to spend a month.
January 29th, 2009 at 11:10 am
Vegas: “humans are capable of learning from the past”
And how well have the last bailouts done when so little is going to help the people…?
January 29th, 2009 at 11:12 am
“Most economy pundits on the left and right of this issue say we need this package SITH .(are you a star wars fan ?) Doing nothing and letting the markets run it,s course is too dangerous.”
Maybe its dangerous to do nothing but this is a huge sum of money and isn’t just as ‘dangerous’ if it turns out to be hugely wasteful? Things like Amtrak concern me, I mean Amtrak loses around a billion every year anyway I think so what is 1 Billion really going to do here? I’d like to see more specifics for each item rather than a vague assertion it will work.
I’m all for making a big package of spending but lets just not rush into this until we’ve spent at least a little time considering alternatives and being sure it will work to create stimulus ‘now/quickly’ and not sometime in the distant future when the issue is moot..
January 29th, 2009 at 11:14 am
I agree with you LEE a smart package.
January 29th, 2009 at 11:18 am
Sith: “And how well have the last bailouts done when so little is going to help the people…?”
W. took all that money and gave it to his homies.
January 29th, 2009 at 11:23 am
Yup, I concur with Lee.
January 29th, 2009 at 11:25 am
lol. Vegas, do you agree with this bill? yes or no and why.
January 29th, 2009 at 11:25 am
For it, of course, with strict oversight. Why? Because it has the potential to bring us out of the Recession.
FDR spent and got the country out of the Depression, so I don’t know why the right thinks spending didn’t and doesn’t work.
January 29th, 2009 at 11:37 am
Hey Vegs, it isn’t just the “right” who thinks this won’t work. 200 economists across the country signed their name stating they think it won’t work either.
January 29th, 2009 at 11:43 am
I don’t agree with WHERE they want to spend it. Like everyone else, I agree with Lee about a responsible bill. This isn’t it, in my opinion. I could be wrong, and this could be the best thing ever conceived by man.
January 29th, 2009 at 11:45 am
Most economists on the left and right said it would work. Something has to be done and letting the markets run it,s course is alot more dangerous. Lay offs across the nation is a daily occurrence. Most economists on the right are saying let the market run it,s course and on the left want more money. FDR installed gov,t jobs and threw money into the depression and reduce unemployment numbers and stablize the GNP. He bailout the banks and placed more regulations on them. Hoover placed regulations on banks,but he acted to late. FDR had to deal with 2 major problems. The great flood of 1927 and the dust bowl. He had to create programs. The degree Obama is facing is not nearly as bad. However he is banking on getting us out of a illegal war and creating gov,t jobs. Building bridges,fixing roads is a plus. Regulating banks and having a solid oversight is a plus. Getting out of Iraq frees up billions of dollars and the economy will stablize. I kown,you conservatives want to stay in Iraq and let the markets run free.
January 29th, 2009 at 12:04 pm
5% of this will go to infrastructure….big whoop.
January 29th, 2009 at 12:28 pm
Look evil empire. Do nothing ? What FDR did worked. Getting out of Iraq is a plus. Perhaps more should go to the infrastucture is agreeable,but doing nothing is very dangerous. You tell me what should be done or Rush the Lips idealism ?
January 29th, 2009 at 12:36 pm
I already stated my opinions of the banking situation. I’m fine with getting out of Iraq, I think they should be paying us for all we’ve done. The trickle down doesnt seem to work, get the money to the people.
In my opinion, without doing calculations of cost, every tax payer should get a LARGE stimulus. $500 will help just about no one. Giving money to people that don’t even pay income tax is a joke.
Give $10,000 to every tax payer (yes i understand that will be over a trillion) and tax it before we get it, so the government already gets a 1/3 of it back. Isn’t the average american debt $6700 or so? That would cover that. Instead of giving the people the money, it goes straight to Americans debt, I’m pretty sure they could look at our credit report and see what needs to be paid and they pay so we dont even get our greedy hands on it. If you only have 2k in debt, then you get a check.
Freeing up that money gets the money to the banks to avoid another seperate bank bailout, free up hundred’s more a month for Americans. If they would consider that, along with my other opinion of banks that already got a bailout reducing interest rates, most Americans will have around $500 more a month in their pocket to either save, invest, spend at stores, etc. Then look at that, business starts picking up, people get hired, and we’re on the right path once again.
But the government will never allow that, according to them trickle up doesn’t work.
January 29th, 2009 at 1:22 pm
The conservative “Myth” of free market is just like the movie TRADING PLACES.You only get rich if you know beforehand the result of the trading report.
January 29th, 2009 at 1:49 pm
That sounds alot better SITH. Trickle down does not work. Getting out of Iraq as well. The banks,just a bunch of rich CEO,s getting richer. Giving us money,i can hear WILLY,BLISS,KREG,PINO,SEPERATE MAN all screaming NOoooooooo ! Great ideal in my opinion. Give me the money. Another LCD/HDTV,car payment,a larger Super Bowl Party and another car. Trickle up.
January 29th, 2009 at 1:59 pm
Are you saying you somewhat agree with me? Are you toying with me?
For the record, i consider myself independent. I like what i like, like who i like. It doesnt matter to me if it’s a republican plan, or a democratic plan. I have no party loyalty.
January 29th, 2009 at 2:09 pm
The Home Redevopment Act, signed by Carter is what started this economic mess. The Congress is as much to blame also. They used that act to force banks to lend to high risk buyers who could not afford to pay them back. Then Freddie and Fannie bought all those bad loans. Or most of them.
Enter Barney Frank and Chris Dodd. Chairmen of the House and Senate Banking Committees. Barney Frank, as late as last July sat on his throne in Washington, DC and adamantly swore that Freddie and Fannie were in good financial shape. They were strong financially. Chris Dodd echoed Franks remarks.
There is plenty of blame to go around in Washington.
January 29th, 2009 at 4:59 pm