A Second Stimulus

[The Professor]

It would actually be the third. W-Stands-For-What's-His-Name passed a stimulus last Summer which came in the form of tax rebates directly to individuals and their families.

The Already Irrelevant administration and its congressional mouthpieces are currently engaged in a campaign of chat concerning the crafting of a "Second Stimulus."

LOLOLOL!

1. All irrelevant. Total trial baloon. The Already Irrelevant have no intention of passing another stimulus. They're floundering, completely Carter-like. Slowly drowning, they desperately discuss dire options. Hoping vs hope the political class and the public at large will joyfully jump: "Oh, please! Let's do! Let's shall! Please give us another stimulus!"

2. The passage of a "second" stimulus would be so grossly unpopular it would expire the party in power. The public is fed up with spending plans the size of planets. And why should we feel any faith in the folks who so flawed up the first one to fix it any better this time?

3. Talk of another stimulus is an active admission that the last one didn't work. By all accounts, 80% or so of Nancy's bill doesn't actually kick in until 2011, 2012... Only something like $20 billion of the almost 800B bill has actually been spent. It's all very vague. Close observers like all of us get the impression THEY don't even know where the money is, just exactly what's been spent, how and where. They certainly can't tell us. None of that cash ever really existed in the first place, we all know.

Talk of a "second stimulus" is purely political, all hot air, not a penny of reality, a political loser and, most significantly, an ADMISSION that the first stimulus FAILED.

A month ago, Bigears the Already Irrelevant indicated as much himself. He came out on a Tuesday and said---ok, ok, I get it, we'll HURRY UP the stimulus.

The next day he went public once more---ok, ok, I get it, we'll do PAYGO, starting NOW.

LOLOL!

His bigmouthed Biden, beginning ALREADY to look out for himself, declares Sunday on Stephy's This Week---hey, we got the economy all wrong at the beginning.

LOL!

But Biden's full of bull. Bigears spent February badmouthing the economy so bleakly, the DOW downed a thousand points. Every other word was CRISIS.

The health care crisis, budget crisis, economic crisis, employment crisis...

Talk of a second stimulus signals that its predecessor, Plan Pelosi, is not just a fat failure economically.

It's a POLITICAL loser, too.


The Prof

[bluejunk44]

Seems like over the past month or two the attacks have increased on Obama and his policies. They will continue of course, even though we all know full well it will take more time to truly judge.

I would like to hear from someone here what you would have done, Specifically, in January that would have not only stopped the crisis, but returned the USA to having huge growths by now.

I hope you can say something else besides cut business taxes.

[Dale escondido]

Seems like over the past month or two the attacks have increased on Obama and his policies. They will continue of course, even though we all know full well it will take more time to truly judge.

I would like to hear from someone here what you would have done, Specifically, in January that would have not only stopped the crisis, but returned the USA to having huge growths by now.

I hope you can say something else besides cut business taxes.

Let, aig, lehman and troubled banks fail.
Unemployment insurance would absolutely be necessary and probably should be continued thru recession for those effected.
Infrastruce projects should be funded as a stimilus but only as ready to go.
fdic would surly need more funds.
Also speculators, that includes anyone who overbought in housing should fix it themselves or lose it.
Also foreign entities who invested in markets and credit swaps should lose out and not be reimbursed. WTF, they didnt read these thing?

[The Professor]

Seems like over the past month or two the attacks have increased on Obama and his policies. They will continue of course, even though we all know full well it will take more time to truly judge.

I would like to hear from someone here what you would have done, Specifically, in January that would have not only stopped the crisis, but returned the USA to having huge growths by now.

I hope you can say something else besides cut business taxes.

1. a 2 year halving of payroll taxes guarantees a burst of employment

2. a permanent cap of 15% on cap gains encourages investment, brings dollars out of hiding, lubricates economic activity

3. omnibus energy---national mobilization like fdr in 41, emergency footing, crisis mode, america is chomping at the bit to right itself, craves exactly this kind of leadership, would respond like kids heading to recess when free pizza's offered---tax breaks and public investment in: oil, drilling, offshore, anwr, refining (currently a bottleneck), electrical, power plants (none built in the US in 30 years), gas, clean coal, nuke, wind, solar, tidal, butterfly wings, alternatives, r&d, batteries, shale, any responsible or semi-responsible program that promises to put america in the lead worldwide in the field of power production

energy is a guaranteed world critical shortage for at least the next century, he who produces power has the earth at his well grounded feet

these are great jobs, professional, hi paying, hundreds of thousands of them, and overall they are super productive

omnibus energy, national mobilization, is our WAY OUT

4. no more bailouts for cars, banks, insurance, investors, housing... enough is enough

5. we would NOT do what pelosi/obama did, which is the point, plan pelosi is NOT a stimulus, it's traditional pork, ie, spending, it looks exactly like every earmarked piece of PIG that's come outta that sausage factory since we started all this, that STIMULUS as delivered by pelosi/obama is a DISGRACE to the concept of leadership, in addition to being admitted failure

6. we are in opposition, our agenda is implicit in our opposition, we sign on the dotted line of NO, leadership brings entirely different and drastically heavier responsibilities than those lightly shouldered by opposition

or perhaps you've forgotten how bigears got elected in the first place

thanks for asking, cliff

[radioguy]

A second stimulus???? Are you fucking joking?

We are in far too much debt already.

.

[Bill Cosby]

As folks in Washington and the rest of the country grumble about the depressed job market and underwhelming consumer spending reports, the calls for a second stimulus continue.

"I think that a second one may well be called for," Warren Buffett (http://www.cbsnews.com/blogs/2009/07/09/business/econwatch/entry5146884.shtml) , the widely respected investor, said Thursday morning on ABC's "Good Morning America."

"Our first stimulus bill... was sort of like taking half a tablet of Viagra and having also a bunch of candy mixed in," he said, "as if everybody was putting in enough for their own constituents."

Indeed, new reports show the money from President Obama's $787 billion economic stimulus package is potentially being doled out unevenly. An analysis from the New York Times shows rural areas are receiving a disproportionate amount of funds for transportation projects.

"Two-thirds of the country lives in large metropolitan areas, home to the nation’s worst traffic jams and some of its oldest roads and bridges," the Times reports. "But cities and their surrounding regions are getting far less than two-thirds of federal transportation stimulus money."

Additionally, USA Today reports that counties that supported Mr. Obama in the presidential election have so far received twice as much money per person from the stimulus package as those that supported Republican John McCain -- though that likely has more to do with bureaucracy than politics.

"That aid — about $17 billion — is the first piece of the administration's massive stimulus package that can be tracked locally," the newspaper says. "Much of it has followed a well-worn path to places that regularly collect a bigger share of federal grants and contracts, guided by formulas that have been in place for decades and leave little room for manipulation."

Still, only a little more than 10 percent of the money has been distributed. Vice President Joe Biden will be in Cincinnati, Ohio today to highlight the progress of the stimulus. House Minority Leader John Boehner (R-Ohio) has criticized the slow pace at which the stimulus money is being distributed. Meanwhile, the Ohio Department of Transportation has already approved 52 stimulus-funded road and bridge projects at a cost of nearly $84 million, the Cleveland Plain Dealer reports.

Other Republicans are taking Boehner's lead in criticizing the stimulus effort. Rep. Tom Price (R-Ga.) will go so far as to introduce a bill today called "Reducing Barack Obama’s Unsustainable Deficit Act," the Atlanta Journal-Constitution reports. The bill would repeal the remaining unspent money from the American Recovery and Reinvestment Act and recall any unobligated money authorized by the Troubled Asset Relief Program. With Democrats in charge, the bill has virtually no chance of moving forward.

[The Professor]

As folks in Washington and the rest of the country grumble about the depressed job market and underwhelming consumer spending reports, the calls for a second stimulus continue.

"I think that a second one may well be called for," Warren Buffett (http://www.cbsnews.com/blogs/2009/07/09/business/econwatch/entry5146884.shtml) , the widely respected investor, said Thursday morning on ABC's "Good Morning America."

"Our first stimulus bill... was sort of like taking half a tablet of Viagra and having also a bunch of candy mixed in," he said, "as if everybody was putting in enough for their own constituents."

Indeed, new reports show the money from President Obama's $787 billion economic stimulus package is potentially being doled out unevenly. An analysis from the New York Times shows rural areas are receiving a disproportionate amount of funds for transportation projects.

"Two-thirds of the country lives in large metropolitan areas, home to the nation’s worst traffic jams and some of its oldest roads and bridges," the Times reports. "But cities and their surrounding regions are getting far less than two-thirds of federal transportation stimulus money."

Additionally, USA Today reports that counties that supported Mr. Obama in the presidential election have so far received twice as much money per person from the stimulus package as those that supported Republican John McCain -- though that likely has more to do with bureaucracy than politics.

"That aid — about $17 billion — is the first piece of the administration's massive stimulus package that can be tracked locally," the newspaper says. "Much of it has followed a well-worn path to places that regularly collect a bigger share of federal grants and contracts, guided by formulas that have been in place for decades and leave little room for manipulation."

Still, only a little more than 10 percent of the money has been distributed. Vice President Joe Biden will be in Cincinnati, Ohio today to highlight the progress of the stimulus. House Minority Leader John Boehner (R-Ohio) has criticized the slow pace at which the stimulus money is being distributed. Meanwhile, the Ohio Department of Transportation has already approved 52 stimulus-funded road and bridge projects at a cost of nearly $84 million, the Cleveland Plain Dealer reports.

Other Republicans are taking Boehner's lead in criticizing the stimulus effort. Rep. Tom Price (R-Ga.) will go so far as to introduce a bill today called "Reducing Barack Obama’s Unsustainable Deficit Act," the Atlanta Journal-Constitution reports. The bill would repeal the remaining unspent money from the American Recovery and Reinvestment Act and recall any unobligated money authorized by the Troubled Asset Relief Program. With Democrats in charge, the bill has virtually no chance of moving forward.

yes, friend

which means there's one thing bigears' "supporters" and his critics and independent billionaires all can agree on

the first stimulus FAILED

he should never have let HER write it

i humbly suggest it might behoove him, y'know, as president, to learn to WRITE himself

LOLOLOL!

[Cat slave]

Seems like over the past month or two the attacks have increased on Obama and his policies. They will continue of course, even though we all know full well it will take more time to truly judge.

I would like to hear from someone here what you would have done, Specifically, in January that would have not only stopped the crisis, but returned the USA to having huge growths by now.

I hope you can say something else besides cut business taxes.


OK, lets impeach the liar with the big ears and the teleprompters he cant
talk without. Hows that for another suggestion? Hmmmm???

[Cat slave]

1. a 2 year halving of payroll taxes guarantees a burst of employment

2. a permanent cap of 15% on cap gains encourages investment, brings dollars out of hiding, lubricates economic activity

3. omnibus energy---national mobilization like fdr in 41, emergency footing, crisis mode, america is chomping at the bit to right itself, craves exactly this kind of leadership, would respond like kids heading to recess when free pizza's offered---tax breaks and public investment in: oil, drilling, offshore, anwr, refining (currently a bottleneck), electrical, power plants (none built in the US in 30 years), gas, clean coal, nuke, wind, solar, tidal, butterfly wings, alternatives, r&d, batteries, shale, any responsible or semi-responsible program that promises to put america in the lead worldwide in the field of power production

energy is a guaranteed world critical shortage for at least the next century, he who produces power has the earth at his well grounded feet

these are great jobs, professional, hi paying, hundreds of thousands of them, and overall they are super productive

omnibus energy, national mobilization, is our WAY OUT

4. no more bailouts for cars, banks, insurance, investors, housing... enough is enough

5. we would NOT do what pelosi/obama did, which is the point, plan pelosi is NOT a stimulus, it's traditional pork, ie, spending, it looks exactly like every earmarked piece of PIG that's come outta that sausage factory since we started all this, that STIMULUS as delivered by pelosi/obama is a DISGRACE to the concept of leadership, in addition to being admitted failure

6. we are in opposition, our agenda is implicit in our opposition, we sign on the dotted line of NO, leadership brings entirely different and drastically heavier responsibilities than those lightly shouldered by opposition

or perhaps you've forgotten how bigears got elected in the first place

thanks for asking, cliff


Those "bail outs" were not bail outs...they were calculated takeovers.

[Cat slave]

Let, aig, lehman and troubled banks fail.
Unemployment insurance would absolutely be necessary and probably should be continued thru recession for those effected.
Infrastruce projects should be funded as a stimilus but only as ready to go.
fdic would surly need more funds.
Also speculators, that includes anyone who overbought in housing should fix it themselves or lose it.
Also foreign entities who invested in markets and credit swaps should lose out and not be reimbursed. WTF, they didnt read these thing?


I dont think those entities were "troubled"...I think they were just getting
caught in their schemes and in the process got hooked by the government
and its wormy TARP scheme.

The middle class needs true tax relief. Money that is not filtered through
WA and reduced to a pittance...an insult of say, 12 bucks a week...at best.
No welfare for able bodied people...theres your shovel ready jobs. WA
just needs to fork over the shovels. And yes, anyone who overbought
anything should lose it. What part of "loan" is way over their heads?
But then, dependent people are easy to control and what better way
to control them than to give them what they want, for a while that is.

[The Professor]

Those "bail outs" were not bail outs...they were calculated takeovers.

ok

and the bonuses were specifically GRANDFATHERED in

first dodd said geithner did it, then geithner blamed dodd who took the fall, then reversed and said the tax cheat heading our irs was responsible

meanwhile, dodd and obama are #'s 1 and 2 in taking AIG campaign cash

these are the AIG BONUSES we're talking, here

even tho fannie and fred and a whole bunch of others were giving much larger bonuses to their bungling bosses

http://articles.latimes.com/2009/mar/19/business/fi-dodd19

http://abcnews.go.com/Politics/story?id=7110145&page=1

[Cat slave]

I think the bonuses were "hush" money. What we are seeing is worse than
the Mafia ever was though patterned after it, I do believe.

[The Professor]

c-h-i-c-a-g-o

ways and means

mafia and machine in midwest's windy city

i hear you, friend

cliff

[Smurf-Herder]

This was a setup from the start.

A "real" Stimulus may have done something, if it was actually spent on what was intended. Now they're just playing us for fools.

Why don't we have a dozen multi-hunderd billion dollar bills, that nobody reads before passing?

Time to march on DC!