Sunday, February 1, 2009

There Is Still Hope...

It seems the publics opinion of President Obama's stimulus package drops by the day...Thank GOD...this is the worst piece of PORK spending in the history of the country! You want to stimulate...LOWER TAXES for Christ's sake!

Here is the link and the story is below.

Stimulus is Too Heavy on Spending, Says Growing Number of Senators
Some Senate Democrats are joining the Republican chorus in opposition to the $900 billion economic stimulus package.

FOXNews.com

Sunday, February 01, 2009

President Obama is stressing bipartisanship when it comes to the $900 billion economic stimulus plan being considered in the Senate, and he may get it -- in unity of opposition.

Senate Minority Leader Mitch McConnell, R-Ky., said he "can't believe that the president isn't embarrassed about" the stimulus packages that have passed the House and the Senate appropriations and finance committees.

The Senate is set to take up debate on the plan Monday afternoon. Republicans insist it won't go through in its current form.

"It'll need to change if it'll do any good. I mean, things like $150 million honey bee insurance and $650 million to buy government employees cars is not what the American public had in mind," McConnell said on CBS' "Face the Nation."

Republicans appear to have the support of some Democrats, including North Dakota Sen. Kent Conrad, head of the Budget Committee, and Nebraska Sen. Ben Nelson.

"As it stands it would be very hard for me to vote for this package, because I don't think it is fully targeted, timely and temporary," Conrad said. "I think there is widespread dissatisfaction with the package that came over from the House."

Senate Republicans are offering an alternative bill as early as Monday. It shifts the balance more toward tax cuts and less on spending, and targets the housing market as key to the economic turnaround.

"I think you have to start from scratch and reconstruct this to start with the problem that created the entire cascade of events that have occurred here, the housing collapse," said Sen. Jon Kyl, the Republican whip.

Conrad agreed.

"Too little is being done about housing, which is central to the crisis," he said.

But Democratic leaders say the time for delay has passed. The nearly trillion dollar plan represents about 6.5 percent of the gross domestic product of America, said Sen. Dick Durbin, D-Ill., the Senate Democratic whip.

He said that size package is needed to dig the economy out of a deep hole. "We have to put enough water on this fire to put it out. Throwing a tea cup of water at it means it will return tomorrow, to face it again," he said during a discussion with Kyl and moderator Chris Wallace on "FOX News Sunday."

Sen. Chuck Schumer, D-N.Y., agreed that more could be done in the area of housing, but said tapping the remaining $350 billion from the financial bailout fund would be a more likely way to pay for mortgage relief.

Democrats add that tax cuts alone won't keep firefighters, teachers and construction workers on the job. They say their bill gives states the money to fill some budget holes and start building roads and bridges. They also point to tax cuts for individuals and businesses, and insist a package must be passed.

"This is not another bill, this is not another political debate, this isn't something that we can just dismiss at the end of the week and move on and do something else if this doesn't work. We're facing one of the most serious economic crises in our nation's history," Durbin said.

While Obama has stressed bipartisanship in the process, all House Republicans were joined by 11 Democrats in opposing the House package

If it's going to get bipartisan support in the Senate, "you have to change some of the provisions that are in there," said Nelson, who noted he has spoken with colleagues on both sides of the aisle who are concerned with several of the spending provisions. He said many of the spending programs are valuable, "they just don't belong in the stimulus package."

The stimulus package may also run into problems being implemented. A Congressional Budget Office analysis says some agencies may not be equipped to handle that flood of money and will have to put off spending it for a year or two.

That's a problem because the key to a stimulus package is to pump it into the system as quickly as possible.

FOX News' Caroline Shively contributed to this report.

...that is all.

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11 comments:

  1. Let me understand this...we've tried lowering taxes,and here we are. We'd be better off to do nothing than something? Obama gave concession's to the republican's,and they voted to ignore the problem! Even Sarah Palin is begging for it to pass! The state's are going bust,they need to put people to work,and you recomend lowering taxes? That won't work for at least a year.

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  2. Anyone interested in knowing how economic and monetray policy works should read Thomas Sowell's books....

    Spending millions on honeybees, STD's, government vehicles, and global warming research will do nothing...

    You can't spend your way out of a recession or depression....if it wasn't for WWII the New Deal would be a poster child for waht NOT to in time of economic crisis.

    BTW this bill does LOWER taxes (gee I think I said we should do that) it just doesn't go far enough.

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  3. So,we should lower taxes on people that aren't working?

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  4. If they aren't working an they collect unemployement...yes we should lower their taxes...they do pay taxes on unemployemnt (maybe you didn't know that).

    Yes we can lower the taxes on the food they buy...it is called sales tax...ever heard of it?

    Maybe they have a house they are paying property taxes on? Yeah we should lower those as well.

    Here is an idea lower the 15% and 10% brackets by 5% (that is most hard working folks - the refunds will come rolling in MORE MONEY WHERE IT BELONGS YOUR POCKET!!!!)....Lower Capital gains taxes (you watch how investment, PRIVATE not government goes through the roof.

    Lower corporate taxes and watch JOBS GET created.

    Listen I am done arguing with people who don't have a clue....you want the largest transfer of weath IN HISTORY to occur write your senator an ask them to pass it.

    Most people write anonymously on the Internet instead of DOING something. I wrote my Senator have you? Put up or shut up.

    BTW Thanks for reading :)

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  5. I was on unemployment for 6 month's a year or so ago,then ran my own home business for a year before going back to work full time.Yes,I paid taxes on it! After being laid off in november,I didn't qualify for befeit's,as I hadn't worked 3 full quarter's,so I have no income other than my small home machine shop,which make's me 100 or so in a good week,but it's not consistent. There is no sale's tax on food,at least here. I'd rather work and make more than unemployment. Creating job's,whether it be road work,or updating the park's,will be the way to go. I'll have more in my pocket working than the tax cut!

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  6. I am sorry for your situation...but realistically you can't "buy" jobs.

    I guess that is the fundamental difference between Reblicans and Democrats...we will see in the future who was right and who was wrong and honestly the ecomnony picking up is more important to me than being proved right. I will be more than willing to eat crow if I am wrong.

    As I said we will see because unfortunately this abortion of a bill will pass eventually in some form or another. I just need to point to the TARP bill to assure you the government couldn't oversee a trip to the restroom. SO...

    recovery.gov or not a lot of money will disappear into the ether I guess.

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  7. Ugh... When will the sheeple get off the "hopium".... I'll tell ya how to get me to spend money, quit stealing it from me!!!! I gave up $10,000 in assorted taxes and "fees" (taxes by another name) this year. That's 10 grand I coulda pumped into the economy. Multiply that times all gainfully employed people in this country. Now that'd be a stimulus! Raising taxes merely feeds the beast, which is extremely wasteful, and only looks out for it's own interests....

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  8. Granted,we need common sense oversight over ALL the spending. Not sure if you recall year's ago,the Mustang Ranch in Nev got nailed for back taxes,and according to the law,the IRS had to take it over,run it til it was profitable,and sell it. They ran it into the ground! If you can't even make money selling sex and booze,what can you make money on??!!

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  9. I could be way off base,but wasn't it W that gave away the $$ with no oversight?

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  10. You are right...you WAY off base.

    If you actually think this is Republican vs Democrat...you are wrong.

    This is common sense. TARP was a disaster and any Republican that voted for it should be ashamed.

    Fixing the TARP f'up with 900 billion more ain't the answer.

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