Showing posts with label stimulus. Show all posts
Showing posts with label stimulus. Show all posts

March 20, 2009

inept/corrupt


Chris Dodd is corrupt. This is not a matter of wild eyed speculation, this is fact, plain and simple. Chris Dodd received tens of thousands dollars of campaign contributions from some of the very AIG executives that are theoretically in line for these controversial bonuses that you may have heard of. Dodd lied about knowing anything about any provisions pertaining to AIG bonuses that were included in the "stimulus" bill on Monday of this week, but by Wednesday he came clean and copped to authoring the amendment in question. So, crazily enough, he's both corrupt and inept.

That's not an easy combo to pull off. He's uniquely un-qualified to hold any position where he and the phrase "public trust" are to be mentioned in the same sentence.

If he and those like him are re-elected in 2010, our Republic is truly in danger.

The New York Times is even turning on him.

February 10, 2009

Please Listen!

I hereby demand that some kind of real middle class tax relief be included in this stimulus bill.

A one time payout, a "rebate check" is not a tax cut!

Cut the actual rate of taxation! The percentage has to go down!

A temporary payroll tax "holiday" is a good idea, summarily rejected by lady and lord Pelosi and Reid.

Barack Obama's first move as President was to let those two hardcore leftists author his first signature legislative proposal? Fire the person who allowed that to happen.

Where is Rahm Emmanual? Isn't he supposed to be the hard nosed politician who values winning over ideology? What was he smoking when he allowed Nancy Pelosi to have sole proprietorship of this bill from the get go?

What a botched job debacle this stimulus bill is.

Stagflation here we come.

February 07, 2009

A Bitter Pill


Because of the tireless and unending Bush Bashing of the last eight years I was hoping that we could have at least a month or two where the president wasn't a primary source of the nation's ire. A honeymoon would have been nice, a respite from the ever present trashing of the commander in chief.

But the way Barack Obama has been acting the last couple of days is making that impossible.

And I was someone willing to give Obama a chance. Like an arranged marriage, I was willing to try to make the best of it. I had hoped that Obama's pragmatism and penchant for political expediency would win out over his left leaning ideology.

If Obama turned out to be a Ronald Reagan, great. Unfortunately, at this point he's looking more like a cross between LBJ and Jimmy Carter.

Hope and change?

More like fear and same. Within a week or so of the inaugural address the hopeful tone has all but evaporated into the frosty Washington DC air. In its place arguably the same kind of fear mongering that the Left endlessly accused the Bush administration of perpetrating to get things done. The difference of course being that the threat of terrorism is very real and the need for a pork laden spending bill to beat back "The worst financial crisis since the great depression", much less evident. (The stagflation of Jimmy Carter's early eighties was worse).

If Bush had done what Obama is trying to do he would have shoe-horned every Republican pet project into the Patriot Act. That is the equivalent. It's using an emergency to reward the special interests of your political party! With this so-called stimulus bill, the Democrats are doing an end run around the normal budget appropriation process in order to foist upon us their usual political agenda. They are using a financial crisis to lavish their supporters with billions of dollars of federal cash. They can't stuff the bales of cash out the door fast enough, it seems. We're told that it's such an emergency that we don't even have time to think it through really, just sign it. Hurry, hurry, hurry, it doesn't matter what we do, we have to do something, anything! This stimulus bill debacle is madness.

And it could be Obama's political death. He's been trying to scare us that "we will never recover" if we don't pass this bill. I'm afraid that Obama's political career will never recover if this thing passes and then fails to deliver as it will inevitably do according to any economist who understands the basic principle that we will have to raise taxes down the road to pay this thing off. And we'll have to pay this off right around the time that the inflation caused by this will be kicking in according to every economist who's name isn't Paul Krugman.

In one of Obama's recent partisan fear mongering speeches he proclaimed that, "somewhere a business is closing its doors". He has yet to explain how rewarding Democratic special interest groups and simply stuffing cash out of the doors will have a tangible effect on the businesses in danger of closing. A temporary payroll tax suspension will have a tangible effect on businesses and employees, irreversibly increasing the size of government and causing inflation down the road can only harm, not help the private sector economy Obama claims to be interested in helping.

A now we're told by Obama that tax cuts are "the failed policies of the past".

Really? That's interesting considering that Obama actually campaigned on tax cuts. How many times were we told that there would be tax cuts for 95% of Americans? Yet in place of tax cuts were getting the largest increase in the size of government since the New Deal.

Obama promised over and over in the campaign to go through the federal budget "line by line" and eliminate wasteful programs. Well, here's his chance to live up to one of his hollow promises. Don't hold your breath. Like the promise that he wouldn't appoint lobbyists and the promise that he would bring a new tone to Washington. So much for the new tone, in Washington DC it's business as usual as Obama is now digging in his heels in a one-sided partisan defense of Nancy Pelosi's Democratic spending extravaganza.

For Barack Obama the more things change, the more things stay the same.

I really am fairly surprised that Obama is behaving with such a tin ear. The people are starting to turn against this bill, so to entrench yourself in defense of it in its current form strikes me as politically tone deaf. And I've always known Obama to do what is politically expedient, just ask Reverend Wright.

I have been avoiding directly criticizing the President for about as long as I can on this blog. The issues are too important and Obama is acting far too partisan for me to keep that up anymore. For Barack Obama the honeymoon is over and the bloom is off the rose. Any notion of Obama as a transformational or transformative leader has been swept aside.

And unless a serious overhaul takes place, this bill that is being stuffed down our throat will be a bitter pill indeed.

January 29, 2009

Stimulus?


The massive spending bill being debated this week on Capitol Hill is not a stimulus bill. The $819 billion pork laden bill passed the House of Representatives yesterday and is now going to the Senate. Despite the fact the Barack Obama went and visited House Republicans in an effort to get them on board, the only thing bi-partisan about the bill was that both Democrats and Republicans voted agaisnt it.

Eleven blue dog Democrats and each and every Republican in the House voted against consigning future generations to pay for the subsidization of liberal special interest groups like ACORN and pet projects like global warming research.

Perhaps some of the items in the bill are worthy, but apparently not many can be accurately argued to be stimulative to the economy. So what we have then is a massive Democratic pet project spending bill not too convincingly masquerading as an emergency economic stimulus bill. Thank god no Republican voted for this thing (John McCain hasn't voted yet). The Republicans might actually be becoming a viable party again that stands for something.

Sadly, it is the Republican alternative proposal (which was voted down) that stood a chance of actually stimulating the economy. Cutting taxes allows the private sector a better chance to begin to dig our way out of the recession rather than relying on government make-work projects and theoretical R & D type projects to somehow lift us out of the doldrums. By cutting the corporate tax businesses will be able to plow some more money back into their own business and eventually begin hiring rather than firing. And cutting the income tax understands that the people know better how to spend their own money than the state does.

Spending 2.4 billion dollars on "carbon-capture demonstration projects" won't do much to stimulate the economy. Cutting certain taxes will have an immediate effect.

If Barack Obama is truly a transformative and transformational leader, he will listen to the Republicans and in the 'stimulus' bill include some more serious tax cuts and dramatically less Democratic pie-in-the-sky pet projects.

It's that simple. Barack Obama's legacy and the future of this country are at stake.