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I would be happy with the Dems putting a halt to their big spending and taxing proposals such as Obama-care and cap and trade. If you're not borrowing huge amounts to fund social programs, then you don't have to soak the people who pay taxes. At this point, I'd settle for just not getting my taxes raised.
It's just that he has done nothing to turn the economy around, he only used the downturn to further his own agenda of bigger more intrusive government. Barry was using plays from Duhbyas playbook and certain people expected somehow that would yield different results.
No wonder independants have written him off and his supporters are dwindling down to just the extremists.
Homeland Security (DHS) was the largest addition to federal government in some time.
It happened on the Bush watch.
No bid contracts to Halliburton, et all, contracting out inherently government jobs with no oversight was another Bush initiative.
Luckily, the military is now trying to rectify those problems.
He had the same economic gurus working for him when he told his story that led to the stimulus but he failed to see what the Dem Congress critters put in that piece of pork. Over half pure pork so it must not have been so bad or he would used his line by line study of it.
The stimulus bill had been in the works since September, picking up considerable steam in November after the elections and carrying through a somewhat frenzied effort over the Xmas holidays to add in more tax cuts as the Republicans had requested. Obama would not have known or needed to know about every single line item drafted, but he knew exactly what was in the bill all along.
There were meanwhile no earmarks at all in the ARRA legislation. Every dime went in under regular procedures. The President (it shouldn't be necessary to point out) does not have line-item authority over any bill once passed.
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Originally Posted by roysoldboy
Oh, that's right, he didn't have time to read any more of it than the Congress did.
This whinery doesn't get any less lame over time. It was swill to start with and it still is.
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Originally Posted by roysoldboy
Sad story but there it sits and in 4 months so little has been spent. How can we say this thing has helped anything when the money is sitting around. All the pork money got spent immediately but the "stimulus" money that was supposed to go to shovel ready projects just hasn't found its way into the economy.
So, your income tax cut was actually "pork money" then? In fact some 35% of the stimulus funded tax cuts. Unemployment continues to rise. I guess this proves once and for all that tax cuts don't work.
Most infrastructure projects are meanwhile billed and paid for on the basis of progress payments. Repair of the I-35 bridge that collpased in Minneapolis took a year to complete when working at a breakneck pace. The cost was $235 million. It didn't all go out on Day-1. I guess we can add this whole process to the list of things that you just don't understand.
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Originally Posted by roysoldboy
I really can't understand how this thing helped our economy at all.
This doesn't come as surprsiing news in the least.
How would we know if they (Republicans) had any ideas when they aren't allowed to bring any ideas up in either house of Congress? I really don't understand how they do anything when they are silenced every time they try to suggest anything.
Anyone having watched ten minutes worth of recent committee or subcommittee hearings would know that there is no basis for this claim at all.
Anyone having watched ten minutes worth of recent committee or subcommittee hearings would know that there is no basis for this claim at all.
I've listened to c-span several times. The Republicans are the minority and are treated as such. Even when they ask valid questions they are dismissed.
I've got no skin in the game here as I'm third party but it's sure obvious to me listening over the internet that the Repubs are snubbed every chance the Dems get.
These guys are supposed to work in a partisan fashion for the greater good of the country, for ALL Americans and put that first. Instead they let their red/blue labels make their decisions for them.
the administration at that time was under congressional democratic leadership with a democratic majority, and yes they did fail miserably.
Attention campers: Congress is not a part of the administration. The regulators, rule-makers, and policy-developers with their hands on the wheels were all in the Executive Branch. These are the people who played down and grossly under-reacted to the situation, thereby allowing it to fester and grow until at last it burst out of Wall Street and inundated Main Street.
Please use the search feature before you start yet another stimulus thread.
Duh, there are several already.
I guess it has worked as planned which is not at all for the little people. But the banks and wealthy.
The recovery act allowed small business and clean energy companies to hire new employees or scrap their plans for eliminating current jobs. Really..........
The recovery plan should be even larger!
Obama's address comes just more than a week after a dismal jobs report for June that showed the economy losing 465,000 jobs last month, much more than had been expected. The nation's unemployment rate stands at 9.5 percent and is expected to hit double digits.
Delivering the weekly Republican radio and internet address, Cantor said Obama's $787 billion economic stimulus package has failed. "There is no doubt that our nation faces many challenges, but the plain truth is that President Obama's economic decisions have not produced jobs, have not produced prosperity, and have not worked," Cantor said.
"President Obama has already asked you to borrow trillions, and so far nearly 3 million jobs have been lost this year alone."
"Simply put," he added, "this is now President Obama's economy and the American people are beginning to question whether his policies are working."
"Remember the promises?" he asked. "They promised you if you paid for their stimulus, jobs would be created immediately.
In fact, they said that unemployment would stay under eight percent. Yet just months later, they are telling us to brace for unemployment to climb over ten percent. They promised jobs created.
Now they scramble to find a way to play games with government numbers by claiming jobs saved."
Cantor said congressional Republicans are fighting to introduce policies that will help the economy.
Do you think there should be a second stimulus bill that cuts the amount that the government takes from your check?
I know in the first stimulus bill there was a tax cut but it didn't affect as many people as it was widely believed.
I know that those under 18 or who can be filed as a dependent don't receive the tax cut and as well all know, many young people aren't the best at saving. If they went out and spent more of their money, that would bring some good retail spending.
With a bajillion trillion deficit there's no way he can cut taxes.
The US can barely scrape together the interest payments it has to make on it's debt as it is.
With a bajillion trillion deficit there's no way he can cut taxes.
The US can barely scrape together the interest payments it has to make on it's debt as it is.
If anything, taxes will go up.
Taxes will have to go up. The Bush "tax cuts" were financed with borrowed money. They should never have occurred if anyone was paying the least amount of attention. They were Bush's way of buying votes, and it worked.
Anyone who didn't understand that way before the election had their heads in the sand.
Attention campers: Congress is not a part of the administration. The regulators, rule-makers, and policy-developers with their hands on the wheels were all in the Executive Branch. These are the people who played down and grossly under-reacted to the situation, thereby allowing it to fester and grow until at last it burst out of Wall Street and inundated Main Street.
The Fed regulates the money supply and they are independent.
As you saw from Bernake's talk to Congress, the Fed doesn't have to answer to anyone.
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Really..........
