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After the first few stimulus plans have been such abysmal failures, the some in the Obama administration and congress are now mulling over yet another stimulus package, one which would dwarf the first $787 billion Obama passed a few months ago.
Bloomberg reports:
July 7 (Bloomberg) — The U.S. should consider drafting a second stimulus package focusing on infrastructure projects because the $787 billion approved in February was “a bit too small,” said Laura Tyson, an adviser to President Barack Obama.
The current plan “will have a positive effect, but the real economy is a sicker patient,” Tyson said in a speech in Singapore today. The package will have a more pronounced impact in the third and fourth quarters, she added, stressing that she was speaking for herself and not the administration.
Tyson’s comments contrast with remarks made two days ago by Vice President Joe Biden and fellow Obama adviser Austan Goolsbee, who said it was premature to discuss crafting another stimulus because the current measures have yet to fully take effect. The government is facing criticism that the first package was rolled out too slowly and failed to stop unemployment from soaring to the highest in almost 26 years.
Obama said last month that a second package isn’t needed yet, though he expects the jobless rate will exceed 10 percent this year. When Obama signed the first stimulus bill in February, his chief economic advisers forecast it would help hold the rate below 8 percent.
Unemployment increased to 9.5 percent in June, the highest since August 1983. The world’s largest economy has lost about 6.5 million jobs since December 2007.
So Obama isn’t opposed to another, he just doesn’t believe people will stomach it politically right now after we’ve watched billions of dollars wasted on liberal pet projects. Plus, he knows the first one isn’t even wasted yet so there is no need to begin wasting more until we’ve thoroughly blown the first $700 billion. Wasting taxpayer money is an art form Washington has perfected over time.
Then here’s friendly Uncle Joe once again inspiring confidence in this administration’s ability to read economic data:
That’s pretty peachy keen, especially considering they swore up and down that the first Obama stimulus would keep unemployment below 8%, which it has not, nor has it created or “saved” a single job as they often claim.
At least Biden now said that it’s OK to blame the Obama administration for its failures instead of Bush, I’m glad we were given permission to blame those responsible.
America already has stimulus fatigue and the higher and higher we see the national debt and deficit spiral with not a shred of result, the less likely Americans will be to continue trusting the incompetent economic team in the White House.
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Screw Stimulus. It’s time to start allowing dead companies die. If you want money for infrastructure then fund raise locally to rebuild things just as Obama fund raised for his campaign. We do not need to TAKE money on a national level to repair things on a local level. If communities want to better themselves then allow them to fund raise for themselves.
If you want to rally people locally than do so how Obama rallied people national behind him. Allow local government to do their jobs locally. If they can’t do it then chuck them out and get someone who will.
It’s so silly how people think that by using tax dollars they can cure the world. People do not want to be taxed, history has shown us that since the creation of independence in this country. The Obama campaign showed that people are willing to GIVE their money willingly to support something they believe in, so why not campaign for infrastructure and see how people donate?
“Tyson said in a speech in Singapore today. The package will have a more pronounced impact in the third and fourth quarters,”
This woman may be fired by Obama. To actual discuss real economic rules instead of Obama’s mumbo jumbo. It takes money well spent to get results. As Bush’s money gave us the Market surge. Roughly six months.
Bad policy can get faster results in the opposite direction. Market have investors who know bad policy and how to invest in all directions.T
This bad debt spending is not helping. Only ??% of Obama’s mad money has been spent, so of course he needs more money. Isn’t fantancy economics great. Just money spent any which way will create the largest debt in world history and America will have sidewalks & roads made of gold.
For those who still believe go to the 5 & time store and spend your paycheck on every little thing you have wanted since childhood. Put your rent, food, insurance, etc. on your credit card. Hide your head in the sand.
Money is finite. Use by government denies it to private. Breaking this economic law by borrowing and printing leads to destruction.
Government gave us this recession. Homes for all, devient lending practices, and Congress funding F/F to discharge. All blessed by our learnened leaders.
Americans need a job to retire from. Stop pushing jobs over seas. Give small business a chance. Obama, pull a Bill Clinton under the auspices of Newt and Repulican controled Congress. Yes, cut taxes and balance the budget. Newt stopped government escalation__ create jobs__ the only way.
“Tyson’s comments contrast with remarks made two days ago by Vice President Joe Biden and fellow Obama adviser Austan Goolsbee, who said it was premature to discuss crafting another stimulus because the current measures have yet to fully take effect. The government is facing criticism that the first package was rolled out too slowly and failed to stop unemployment from soaring to the highest in almost 26 years.”
……….
“Congress gets ready to build stimulus package for Barack Obama’s first day”
BY RICHARD SISK
DAILY NEWS WASHINGTON BUREAU
Sunday, January 4th 2009, 4:00 AM
“Team Obama was pressing for a $700 billion-plus economic recovery program that would include “shovel ready” public works projects and Medicaid help for the states. Many lawmakers predict it could grow to $850 billion.”
“In his radio address Saturday, Obama discussed the need for a stimulus package that would create 3 million jobs – 80% of them in the private sector.”
“Obama and congressional Democrats are mulling a massive expansion of government-assisted health care insurance and unemployment benefits as part of the economic recovery program, The New York Times reported today.”
“Vice President-elect Joe Biden has pleaded with congressional leaders to avoid making the bill a “Christmas tree” by attaching pet pork projects.”
http://www.nydailynews.co....._pa-3.html
……….
“Barack Obama, Economic Battlefield Surgeon
The madness of an illogical mind:”
July 7, 2009
“The president said the government has spent money as fast as it could as the “economic tsunami” unfolded, admitting that getting cash to the states has been difficult.”
“You just can’t push that out that quickly, partly, not just because the federal government has to process applications, but also because states and local governments have to gear up to get these projects going,” Obama said.”
___READ THIS QUOTE CAREFULLY. READ THIS LINK TO HEAR THE WHOLE SAD STORY.___
“The massive stimulus bill Democrats unanimously voted for has cost America hundreds of thousands of jobs, and Obama wants to leave the option open to do it again.”
Futhermore___
My State, Missouri, has honor of begining work on bridge the day the bill was signed into law. It was shovel ready. Most others were wish lists with no real plan to impliment evidently.
http://confederateyankee......289402.php
……….
“Economic Stimulus”
“Latest Developments” | Updated: July 7, 2009
“The final bill includes $507 billion in spending programs and $282 billion in tax relief, including a scaled-back version of Mr. Obama’s middle-class tax cut proposal, which would give credits of up to $400 for individuals and $800 for families within certain income limits. It will also provide a one-time payment of $250 to recipients of Social Security and government disability support.”
TAKE NOTE
“The government has reported spending more than $10 billion in stimulus money, and officials have said that the speed will increase as the program grows.”
NOT A VARY HIGH PERCENTAGE. I DID GET MY $250 CHECK. BUT HOW MUCH FOR CREATING JOBS HAVE BEEN SPENT. LIKE MANY AMERICANS I PUT MY $250 IN THE BANK.
http://topics.nytimes.com.....index.html
“Obama Forgets Where He Met Michelle In Moscow Speech” (VIDEO)
First Posted: 07- 7-09 02:19 PM
He was born in America too ???
http://www.huffingtonpost.....26910.html
“Wow! Harry Reid the voice of reason on another stimulus!?!”
by Lonely Conservative
“Wonders never cease! Fox News reports that Harry Reid slammed the door on the idea of another stimulus package. I’m not one to praise Harry Reid, but if he can stop the passage of Porkulus 2 we can all cheer.”
“A little less than 90 percent still needs to be put out to the American people, and we’re in the process of doing that. It’s going to move more quickly now. As far as I’m concerned, there’s no showing to me that another stimulus is needed,” Reid said emphatically.
http://www.lonelyconserva.....timulus-2/
Didn’t he say something aganist another bill ? Then changed his mind. Can he be bought ???
http://www.youtube.com/wa.....hrJjrVZwTE
IN RESPONSE TO KENDALES POST OF 8TH JULY @ 8:16 AM :
“Now make no mistake this change did not come from any one nation.The Cold War reached a conclusion because of the actions of many nations over many years,and because the people of Russia and Eastern Europe stood up and decided that it’s end would be peaceful.”
President Barack Obama 7th of July 2009
at the Economics School Moscow Russia
Just what does it say when the President of the United States is unable…..no to stupid! to acknowledge that the United States won the Cold War and broke the bonds of Soviet tyranny for the nations of Eastern Europe? But like I said and he is proving the past 7 months his main intentions is domestic policy not foreign policy.In fact he’ll do anything in his power to get his socialism agenda through and he don’t give a rats ass about cost now or to future generations. But lets look at his foreign policy so far:
1) North Korea threatens to fire missles over Japen air space.Not only does he say they have a right to missles but tells Japan and South Korea we won’t do anything unless they come our way so you’re on your own.In fact they threatened to fire missles over Hawaii on the 4th of July.
2) He is more concerned with Jews building houses ON JEWISH LAND THAN MUSLIMS BUILDING BOMBS IN IRAN.
3)Because of his support of Iran’s nuclear program he feels it is better to negotiate with the current regime in Iran than to back in any form the protest of elections in Iran until it’s under control by the tyrannical dictators.
4)He is isolating the elected governments of Netanyahu in Israel and Hamid Karzai in Afghanistan in order for coalition governments to be formed thus weakening governments he feels aren’t cooperating with his policies.
5)HE AGREES WITH HUGO CHEVEZ,DANIEL ORTEGA (Nicaragia) AND THE CASTRO BROTHERS ON SUPPORTING THE DICTATOR LEADER IN HONDURAS IN HIS OVERTHROWING THEIR CONSTITUTION.(BUT HEY HE DOESN’T FOLLOW OUR CONSTITUTION WHY SHOULD THEY FOLLOW THEIRS)
6) Bowing to Saudi princes…..enough said!
7) Is currently in Russia negotiating a nuclear arms treaty which the Russians want the United States to NOT ONLY GIVE UP IT’S DEFENSIVE MISSLE SHIELD BUT DO THE SAME FOR JAPAN,POLAND AND EASTERN EUROPE.An administration official comes out this week and says they might have to BYPASS CONGRESS OK on the treaty.The Russians don’t care about limiting the number of missles because after a while all you are doing is bouncing the rubble as Churchill said.What they are concerned with is they don’t have missle defense capability and to limit ours.Reagan,BushI,Clinton and BushII all rightfully turned them down on this.
The telepromter better get on the job here because President Obama seems to have the same logic on weapons of mass destruction that he has on gun control…
ONLY THE BAD GUYS ARE THE ONES GOING TO HAVE THEM !
I envision another American President being rolled over by a Russian president like JFK had done by Khrushchev in Vienna in 1961.The conseqences that followed that were enormous.
Bill,
Does it make you afraid?
I’ll just post links. Maybe then it will stop…
Alex Jones: The Obama Deception
http://infowars-shop.stor.....dedvd.html
http://media.photobucket......sh_bow.jpg
http://littlegreenfootbal.....682359.jpg
http://img.slate.com/medi.....LAH_ex.jpg
http://i111.photobucket.c.....1241818398
http://www.mahablog.com/o...../id34.html
Kendale………In regard to your last link “Blame Bush for North Korean Nukes” (on the mahablog link)it is 4 years old (10 February 2005),an opinion piece, and very immaturly written.
Got a kick out of the others though!
http://internationaleye.w.....culture04/
D.D.Mao,
Yea, I know it was not a good piece to read. I was kinda fooling around in response to another not so good piece. I can’t help myself sometimes.
http://www.mofopolitics.c.....-big-butt/
The fact that the above link even makes the news is utterly retarded., unless it is simply for a laugh.
KENDALE…….That link is strictly an OPINION PIECE AS EVIDENCED BY THE THE TOTALLY UNFOUNDED REMARK “BIG BUTT”.Since I’m fond of listing quotes:
“Loooooking Good”……….Freddie Prinze
Hahaha
The reason I felt to comment is because it has a link to a video in which Sean Hannity found it necessary to discuss the photo on his television program. I am certainly no fan of Hannity. I do watch it for some strange reason. I am not saying Sean is not a smart man, but sometimes I find he chooses his topics solely for the ratings it may bring. People are interested in controversy, and Hannity brings about as much controversy as Jerry Springer.
I found that BIG BUTT just as relevant as your photo of Bush bending his head to receive a gift. Or cheek kissing and holding hands. Many cultures have their ways which are different than ours. I am sure you were not trying to equate Bush to Obama’s bow ? That would be “utterly retarded”. The Pope is not a King. He has no military power. Need I explain the differce ?
If you must dish it out expect to receive as well.
I could have shown video of Obama standing real close to a Mid-East woman. She Continually backed away. He keep moving nearer. In her culture, non-family men do not stand that close.
I would not have posted that photo normally. Was return fire. You know very well how I feel about Bush. I will defend him against all.
“People are interested in controversy, and Hannity brings about as much controversy as Jerry Springer.”
Here is shows you refer to:
http://www.freedomslighth.....obama.html
http://www.boston.com/ae/....._on_stage/
……….
“his topics solely for the ratings it may bring”
Let’s not just whip Fox news. Although they have the best ratings. I could give many links on other news medias. I pick a few one, though not flattering to Fox, it show the wide spread use to generate ratings.
So compare most news media to Jerry Springer show if you wish to be accuate and not bias…
http://www.observer.com/node/45904
“Only Fox News’ “Special Report With Brit Hume” and The Washington Times scored right of the average U.S. voter.”
“The most centrist outlet proved to be the “NewsHour With Jim Lehrer.” CNN’s “NewsNight With Aaron Brown” and ABC’s “Good Morning America” were a close second and third.”
“If viewers spent an equal amount of time watching Fox’s ‘Special Report’ as ABC’s ‘World News’ and NBC’s ‘Nightly News,’ then they would receive a nearly perfectly balanced version of the news,” said Milyo, an associate professor of economics and public affairs at the University of Missouri at Columbia.”
http://newsroom.ucla.edu/.....-6664.aspx
I did not pick these links to represent my views. Only to respond to your remarks.
Bowing to the King is not a cultural tradition eh? Point Made, wont comment any further.
I am not biased against FoxNews or any network or any show, you misunderstood my comment as usual. I will no longer respond to this comment either. I can’t think of anything that is more of a waste of time then continually trying to explain things to you.
Goodbye, forever.
“He’s an individualist. He wanted to stick to that line. We kept nudging him, and he stuck to his guns and he proved right.”
Jeff Wintersteen quotes
“Wallace says mouse falsehood “supposedly … debunked” — so where are the Fox News corrections?”
February 22, 2009 6:15 pm ET
http://mediamatters.org/r.....0902220007
It’s not happening. To the contrary…
February 12, 2009 4:49PM
“Taxpayer Money and the Salt Marsh Mouse”
By Cheryl Casone
http://casone.blogs.foxbu.....rsh-mouse/
“Fox News jumps at GOP’s mouse tale”
February 12, 2009 8:17 pm ET
“Remember the Stimulus Mouse? It Got Its Money!”
“The tiny mouse that became a hotly disputed symbol of wasteful spending in the $787 billion economic stimulus bill has returned to pester House Speaker Nancy Pelosi. The Obama administration revealed last week that as much as $16.1 million from the stimulus program is going to save the San Francisco Bay Area habitat of, among other things, the endangered salt marsh harvest mouse.”
http://www.thefoxnation.c.....-its-money.
http://mediamatters.org/r.....0902120023
Thank you Fox. Truth rules…
……….
I use direct ” “
Kendale
“I am not biased against FoxNews or any network or any show, you misunderstood my comment as usual”
Sorry, you misunderstood and did not come close to what I said…
My quote…”So compare most news media to Jerry Springer show if you wish to be accuate and not bias”
Thinking futher, “. People are interested in controversy, and Hannity brings about as much controversy as Jerry Springer.” is bias…
3 “a : bent, tendency b : an inclination of temperament or outlook; especially : a personal and sometimes unreasoned judgment : prejudice c : an instance of such prejudice d (1) : deviation of the expected value of a statistical estimate from the quantity it estimates (2) : systematic error introduced into sampling or testing by selecting or encouraging one outcome or answer over others.”
http://www.merriam-webste.....onary/bias
It was my opinion. You don’t have to agree, that is the beauty of opinions.
You have right to your opinions. Just don’t say you are not bias. That has been prove.
I am not biased. And you have not proven me to be biased. I do not have to discuss numerous people to make a statement about one person. I am not requirement to do so to prove that I am not biased. I call them like I see them. If you have a different opinion, that is your business. Get over it.
I can not make you admit anthing. Comparing Hannity to a show like Jerry Springer fit definition of bias as I pointed out__” “a : bent, tendency b : an inclination of temperament or outlook; especially : a personal and sometimes unreasoned judgment.”
Any normal individual could certainly distinquest the two shows.
How you blocked with other shows not uch wold have been said about Jerry comment, instead you were specific and put you in catalogy of bias.
Ok Bill.
Thanks for agreeing with me.