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Winghunter

"At the core of liberalism is the spoiled child - miserable, as all spoiled children are, unsatisfied, demanding, ill disciplined, despotic, and useless. Liberalism is the philosophy of sniveling brats." - P.J. O'Rourke

What's In The Comrade In Chief's "Stimulus" Bill? Is It Merely A Trillion Dollars Worth of Pork??

How will a Trillion dollars of pork projects stimulate the economy that the Comrade in Chief personally helped destroy through his redistribution of wealth and racial 'reparations'??

Porkapalooza: The Trillion Dollar Phony Stimulus Package http://directorblue.blogspot.com/2009/01/porkapalooza-trillion-dollar-phony.html

 Stimulus 101: The Pelosi-Reid-Obama Debt Plan http://blog.heritage.org/2009/01/27/stimulus-101-the-pelosi-reid-obama-debt-plan/

"With countless news stories, papers, editorials and experts giving their view of why Congress should or shouldn’t enact the Pelosi-Reid-Obama Debt Plan, we thought it would be helpful to give you a short index of why spending does not equal stimulus..."

“Stimulus” 101 Update: The Trillion Dollar Spending Plan Passes House http://blog.heritage.org/2009/01/28/stimulus-101-update-the-trillion-dollar-spending-plan-passes-house/

"On Wednesday, January 28, the House passed the single largest spending bill in United States history by a 244-188 vote. It remains to be seen where the stimulus is in this bill. Conservative alternatives exist that promise twice the jobs at half the cost, yet the Left continues to support a plan that does little more than advance an ideological agenda of nationalized health care and education...."

Another Pork-Laden Omnibus Spending Bill http://www.heritage.org/research/budget/wm613.cfm

 

"As runaway spending pushes the cost of government over $20,000 per household and the federal budget deficit past $400 billion, Congress continues to pile an endless supply of special interest projects onto the backs of weary taxpayers.[1] With the recently-passed fiscal 2005 omnibus spending bill (H.R. 4818), Congress is expected the break its own record—set in last year’s budget—for pork projects, with new grants for such items as therapeutic horseback riding and a school mariachi music curriculum. This performance is simply embarrassing and highlights the need for reform of Congress’s obviously broken budget process."

 

 From Yachts to Textiles, Perks for Special Interests http://online.wsj.com/article/SB123318931108326779.html

 

"The economic stimulus plan could include dozens of special-interest provisions pushed by lawmakers to help constituents such as the South Florida yacht-repair industry, Manhattan subway riders and California wine makers.

 

President Barack Obama wanted to keep the package free of such narrow provisions, partly to hold down the cost of the plan. But the business-as-usual process for handling the legislation on Capitol Hill is swelling its price tag to nearly $900 billion and giving Mr. Obama a refresher course on the congressional sausage-making process."  ( Naivety and inexperience strikes again. )

 

CCAGW To Congress:  Shut Your TARP!
Taxpayer Group Opposes Wasting Another $350 Billion http://councilfor.cagw.org/site/News2abbr=CCAGW_&page=NewsArticle&id=11818

Bloated “Stimulus” Plan to Fund Left-Wing Causes http://www.openmarket.org/2008/01/28/bloated-stimulus-plan-to-fund-left-wing-causes/

"Earlier today, I wrote about how Senators are busy “larding up the bloated ’stimulus’ plan with more welfare” by proposing added government spending on frills such as taxpayer-financed “mortgage counseling.” Commenting on that post, Michelle Malkin noted that left-wing groups like ACORN and La Raza would likely receive much of the money for such “counseling,” and that their counseling is likely to duplicate existing mortgage programs."

 

House Republicans Hold Firm (On Stimulus spending. Finally, a party worth supporting http://www.freerepublic.com/focus/f-news/2173947/posts  

 

Economic Stimulus Pushed by Flawed Jobs Analysis http://www.heritage.org/Research/Economy/wm2252.cfm

"A recently released report by Christina Romer, chair of the President's Council of Economic Advisers, and Jared Bernstein, the Vice President's chief economist, is being widely cited by Administration officials (including the President) and Members of Congress as proof that the stimulus package currently being debated in Congress--especially the spending portion--will actually stimulate the economy.
The Romer–Bernstein report finds that the stimulus plan will create about 3.7 million jobs and reduce the unemployment rate by about two percentage points from where it would have been without the stimulus by the fourth quarter of 2010.[1] The report is supposed to lend academic creditability to a plan based on political considerations, but the estimates created are founded on loose assumptions that lack academic rigor. The report should not be relied upon as an accurate measure of the impact of the Obama fiscal stimulus plan because it relies on rules of thumb and other back-of-the envelope calculations rather than sound economic analysis..."

 


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"At the core of liberalism is the spoiled child - miserable, as all spoiled children are, unsatisfied, demanding, ill disciplined, despotic, and useless. Liberalism is the philosophy of sniveling brats." - P.J. O'Rourke

Wait, it gets better...or not;

Obama’s Bill Hands ACORN $5.2 Billion Bailout http://www.newsmax.com/headlines/obama_bailout_bill/2009/01/27/175729.html

 

'Stimulus' Reeks — What Republicans Can Do http://www.newsmax.com/morris/obama_stimulus/2009/01/28/176008.html
Posted 2009-01-28T21:00:21Z
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It's a waste, political gossip and conspiracy theories.  Shameful that people buy it, drama queens the worst indulgent in this.  Watch out, drama queens use and abuse you, don't get too friendly they turn like rabid dogs.

We are running head to head hmm. 

http://www.marketwatch.com/news/story/fitch-comments-citigroups-strategic-shift/story.aspx?guid={068FC48E-131F-4505-8AA0-C9FB1F099D4A}&dist=TQP_Mod_pressN

 

Citicorp merging; and taking on more globalized momentum; including cutbacks in employment.

http://www.marketwatch.com/news/story/sector-holds-gains-after-fed/story.aspx?guid={77D177C6-F437-4D9B-A582-6AA3C4818920}&dist=TNMostRead

"NEW YORK (MarketWatch) -- U.S. financial stocks held strong gains Wednesday after the Federal Reserve Open Market Committee said the central bank remains committed to providing liquidity in the markets and that it will continue to buy mortgage-backed securities and other assets."

 

The evidence is in the up market strong gains and holding. 

"The sector rose after reports surfaced late Tuesday that President Barack Obama and his team are closing in on a "bad bank" plan. Bloomberg News reported Wednesday that the Federal Deposit Insurance Corp. could be tapped to manage the plan. Some estimates are that the government could take on $1 trillion in bad assets.

Those reports grabbed more attention in the market than the news, also late Tuesday, that a key House of Representatives committee had approved legislation that would give bankruptcy judges the authority to eliminate some mortgage debt in order to help reduce foreclosures."

http://www.marketwatch.com/news/story/us-futures-point-higher-open/story.aspx?guid={3A64933B-7838-41D7-8778-27A2ECAE9F55}&dist=TNMostRead


"LONDON (MarketWatch) -- U.S. stock futures pointed to a strong start for Wall Street on Wednesday led by financials after a report the Obama administration is nearing a deal to buy illiquid or bad assets from banking firms, while markets were also focused on a Federal Reserve meeting.

Financial stocks were up across Europe as well as a result.



  Last: 87.41 +2.88 +3.41%
4:00pm 01/28/2009 SPY   87.41 , +2.88 , +3.4% ) rose 22 points to 861.20 and Nasdaq 100 futures (QQQQ :
PowerShares QQQ

  Last: 30.35 +1.03 +3.51%
4:00pm 01/28/2009 QQQQ   30.35 , +1.03 , +3.5% ) added 28.25 points to 1,214.00. Dow industrial futures (DIA :
Dow Diamonds ETF
  Last: 83.66 +2.15 +2.64%
4:00pm 01/28/2009 83.66 , +2.15 , +2.6% ) added 149 points.

U.S. markets closed higher on Tuesday, wading through a heavy schedule of earnings results and taking cheer from a surprisingly positive report on the housing market. The Dow Jones Industrial Average rose 58.7 points, the S&P 500 rose 9.14 points and the Nasdaq Composite added 15.44 points.

But banks took the stage late in the day. After the close of trade, CNBC reported that Obama was nearing a "bad bank" plan and Bloomberg News reported on Wednesday that the Federal Deposit Insurance Corp. may manage the plan. Some estimates are that the government could take on $1 trillion of bad assets."


On the rise in Europe as well. 


http://www.marketwatch.com/news/story/asian-shares-rise-japan-shipping/story.aspx?guid={D200DECC-6B15-4CA3-B5C2-010A6C9A0174}

"SINGAPORE (MarketWatch) -- Asian share markets were pushing higher Tuesday in thin holiday trade, with Japan's shipping stocks rising and its exporters benefiting from a weaker yen."

Asia market up.

http://www.marketwatch.com/news/story/international-fund-investors-see-2009/story.aspx?guid={A9DF3377-D4FA-41E1-8C35-26664FF7FE99}

"International stock funds face a cruel world Gloom expected to lift in 2009, but full recovery is a distant prospect"

Evidence of the market party of making money supports that so far so good for 2009.

If it ain't broke don't fix it with that republican plan; newsmax now????  I do a Market Watch from the Wall Street Journal - the paper for INVESTORS, you do newsmax??? partisan politics muck sheesh.
Posted 2009-01-29T00:38:11Z
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Farmers eat better.

That is the most incredibly idiotic plan I could never have come up with. 

HOW does 90 Billion get spent for 'infrastructure'?  A better question would be, what the heck is 'infrastructure'?  It sounds like the same old game different group at the helm.

Where does the economy of America benefit here?  '$550 BILLION for New Spending,

thoughtful and carefully targeted priority investments''.  550 BILLION who will decide thoughtfully and carefully which investments to choose?  Sorry, but I am not convinced that the entire package wouldn't be waylaid in Washington and slipped into all the wrong pockets.

As an American, it makes me sick to look at their choices for economic relief.  Where are the funds to support our military?  Where are the funds to reduce the costs of raising a family? 

This is a pretty answer to the unanswerable and it isn't going to do squat.
Posted 2009-01-29T00:39:50Z
oldrndt was invited by Yedda to answer this question.

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Rated #4 out of 4
 
794 answers
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It's a waste, political gossip and conspiracy theories.  Shameful that people buy it, drama queens the worst indulgent in this.  Watch out, drama queens use and abuse you, don't get too friendly they turn like rabid dogs.

wingnutter wrote:

1=2-4+3@3.9 = 4 right?

nwad42860 wrote:

The actual math so far according to the Journal is good; markets globally have increased meaning a better 2009 from a bleak 2008. 

http://online.wsj.com/public/resources/documents/Jan23_SenApprop_summary_spending.pdf

Obama met with business leaders early Wednesday morning to discuss their parts in this stimulus plan.  Major insurance, computer, energy etc companies were part of the meeting.

http://online.wsj.com/article/SB123315486943524321.html#articleTabs%3Darticle


 

 

 

 

 

 

 

 
Posted 2009-01-29T00:55:30Z
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Rated #3 out of 4

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