Wrong. The second half did not need to be requested. It was automatically authorized unless Congress specifically acted to block it.
Maybe, except that the your turd of an EX-Traitor In Chief and his criminal gang left us in such dire financial straits that, if we don't do something to improve the short term, there probably won't be any long term to worry about.
If she isnt a good reason to hope and wish for the health/safety of Obama and Biden, I really dont know what is.
The problem with tax cuts is they only help the employed and that is the portion of the population that needs the least amount of help. Any additional income they get from tax cuts is likely to be saved anyways providing little benefit to the economy.
Funny that the CBO wasn't whining about the enormous deficits under Reagan, GHWB, and GWB...
That was different, I guess, seeing as how we had to pertekt ourselves against the boogeyman du jour...
Repubs, who didn't give a fig about controlling spending, are now the epitomy of fiscal responsibility... except when it comes to the military and more taxcuts at the top...
That's different, too- right?
That was different, I guess, seeing as how we had to pertekt ourselves against the boogeyman du jour...
Repubs, who didn't give a fig about controlling spending, are now the epitomy of fiscal responsibility... except when it comes to the military and more taxcuts at the top...
That's different, too- right?
There is so much economic ignorance, even among the 'experts' (fundamental differences such as whether keynesian principles are 'right' are still 'debated by experts').
I don't claim the expertise to say 'this is right'. I think the first thing most citizens need to do is to stop pretending they have the answers and to admit they need to rely on experts.
This type of CBO information concerns me. I hate to say it, but the jury is still somewhat our for me on how much Obama is willing to 'serve power' with populist rhetoric.
We have to sort out the difference between the benefits of the spending to keep the system working, versus the harmful effects of more and more debt.
Anyone who says either spending or not spending is always the best policy is wrong.
And the experts don't have all the answers, either. One problem there is that so many are 'corrupted' themselves, if not directly, indirectly by the power of the ideologies they're pressured to select from for being 'credible', from their self-interest to defend whatever they have aligned with, and so on.
I tend to support those who have the expertise, independance and track record for good commentary, such as Paul Krugman and David Cay Johnston.
I'm inclined, as much as I hate our debt, to say that the stimulus is a good idea after the crap tht's happened in the financial sector, but the question is where the spending is done.
I don't claim the expertise to say 'this is right'. I think the first thing most citizens need to do is to stop pretending they have the answers and to admit they need to rely on experts.
This type of CBO information concerns me. I hate to say it, but the jury is still somewhat our for me on how much Obama is willing to 'serve power' with populist rhetoric.
We have to sort out the difference between the benefits of the spending to keep the system working, versus the harmful effects of more and more debt.
Anyone who says either spending or not spending is always the best policy is wrong.
And the experts don't have all the answers, either. One problem there is that so many are 'corrupted' themselves, if not directly, indirectly by the power of the ideologies they're pressured to select from for being 'credible', from their self-interest to defend whatever they have aligned with, and so on.
I tend to support those who have the expertise, independance and track record for good commentary, such as Paul Krugman and David Cay Johnston.
I'm inclined, as much as I hate our debt, to say that the stimulus is a good idea after the crap tht's happened in the financial sector, but the question is where the spending is done.
But creating spending 2 years out has no effect now either. Even if money was saved, it would still be available for others to borrow and spend.
But here is the deal, if the goverment wrote a check to every family in the US for 10k, that would still would have been much more effective that this spending bill.
Effective at what- increasing the trade deficit even further, boosting profits of offshoring firms?
Yeh, that's smart, real smart...
And, uhh, if you think this'll be over in 2 years, then you're obviously interested in some Arizona oceanfront, too...
Our economy has structural problems that can only be solved by looking past the end of our noses, putting people to work producing here at home, reducing imports, particularly of energy, and by raising efficiency of consumption to a sustainable level. That requires investment, and the sacred private sector is only interested in T-bills at the moment...
And it's easy to wax philosophical about how we'll be better off w/o this whole stimulus, if you still have a job, or if you're so wealthy that your lifestyle is untouchable.
I'm not convinced that any stimulus plan can restore the heyday of repub prosperity by deception, anyway, considering it was a purposeful illusion that had to end...
The true Bush constituency has done very well, however, which is all that really mattered over the last 8 years, anyway. Well, other than those who were preyed upon by their own country club brethren...
Hmm... Last I checked, the Bushwhackos WERE in office when he and his criminal gang caused this mess with eight years of failure to oversee their Wall Street robber baron contributors and WERE in office when they foisted the first part of the multi-billion bank bailout, again with no oversight.
Or do you really think you can convince us the entire financial collapse happened since January 20, 2009? :roll:
Our GDP is 3800 times larger since James Buchanan took office.
*sheds tear*
what a great President.
Totally agree.
Borrowing money to make your balance sheet look good in the short term will always bite you in the long term. Politicians and CEOs both use this strategy to look better than their successors.
Lets not forget who turned a blind eye to the failings of the mortgage brokers..bend me over Barney Frank and his ilk....not to mention the first bailout.
Blame Bush all you like, but the reality is "your team" is just as much to blame Harvey.
One thing is for sure, history will either praise the Obamessiah for fixing this or put the entire thing on his shoulders, I am betting/hoping on the latter.
Barney Frank is the new whipping boy for repub apologists- as if he had the power to do much of anything when repubs controlled the congress and executive, when the damage was really being done. Yeh, he was a dupe, but he didn't appoint regulators with an eye to finding ones who had no interest in actually regulating, and he didn't make the "ownership society" the cornerstone of his re-election bid, either... nor did his appointees allow banks to increase leverage to dangerous levels, or force the GSE's into taking on more dangerous loan paper, either...
For me it is just opportunistic that others have finally seen him for the moron he is, I have for a very long time felt he was a horrible horrible senator and should have been removed from office a long time ago...sadly I don't think even this though will change anything for him...and the damage with the repubs in office is funny, hopefully we are saying the same thing after the next four years when our economy is further trashed by these pork laiden dem bills.
Yeh, well, maybe we'll get something out of it more beneficial than than what we got out of the WoT and the WoI- international ridicule, worn out equipment, huge expense, thousands dead, and tens of thousands of shot-up young people we're obligated to care for the rest of their lives... and the bonus of quagmire in Gitmo and Afghanistan. We did depress the world price of heroin, though, because supply is way up, thanks to our establishment of a narco-economy in Afghanistan... and an utterly corrupt govt to support it, too...
Add a few trillion in military industrial pork, NMD, TSA, (workfare for brownshirts) senior drug benefit (insurance and pharma pork) and fatcat taxcuts to round out the picture of the lootocracy in action...
I mean, jeez, is it too much to ask for roads, bridges, schools, parks, museums, fire and police protection and some honest efforts at STD abatement for our money?
I would say yeah, seems to be too much since we won't be getting any of that with this latest bill comming through....and Eff the museums and parks...right now the focus should be on lowering interest rates, increasing consumer credit, and job creation, period.
And please spare me with your bleeding heart on the past 8 years...it is the past...now Obama is to blame from here on out, get used to it.
Sounds like we can put people to work repairing that equipment and providing that medical care, not to mention all those military and pharma jobs. Stimulus package!
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