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(CNN) -- President Obama on Wednesday will talk about new guidelines aimed at cutting down the number of earmarks in appropriations legislation, one day after the Senate passed a spending bill with nearly 9,000 earmarks, his administration said.
Some lawmakers have urged Obama to veto the $410 billion omnibus spending bill -- saying it goes against the president's campaign pledge to bring an end to wasteful spending.-------------------
Obama may sign the bill into law behind closed doors rather than make a public show of it, White House press secretary Robert Gibbs said.
So now signing behind closed doors to hide from the fact that he again broke a campaign promiss and to sneak out after getting all the pork on our plate! What a disappointment this man is...more than I ever could have imagined!!!
Earmarks a result of the money you pay in taxes to the federal government, states believe they have a right to some of that money to be given back to the states. That is earmarks, doesnt matter what is in them the states want a piece of your federal taxes you pay which is generated from the state workforce.
But maybe we should stop giving all that money to the federal government and put the money where it belongs in your pocket. They ignore our country is in debt and they ignore your rights in general and write more laws with your money to restrict your income and personal life.
So why are you surprised we are broke, have limited ecomomic freedom and every 4 years we have a choice of 2 piles of crap to vote for.
Obama, Bush, Clinton all the same piles of crap who care more about how they can waste your money to "fix" problems they created in the first place.
Basically they steal from you to pay for all the stupid decisions they make in the name of compassion and ask you to do with less so they dont have too.
"""Give banks money with no rules or regulations this was...... STUPID"""
Yup. Paulson, BUSH'S BOY in the BUSH administration did just that!
You do know that was the Paulson/Geithner plan, right?
"President-elect Barack Obama has selected New York Federal Reserve Bank President Timothy F. Geithner as Treasury secretary, handing the post to a primary architect of the Bush administration's response to the financial crisis, according to Democratic and industry officials yesterday." Obama Picks N.Y. Fed President Geithner as Treasury Secretary - washingtonpost.com
"The Paulson/Geithner bailout model as manifest by the AIG situation is untenable and illustrates why President-elect Obama badly needs a new face at Treasury. A face with real financial credentials, somebody like Fannie Mae CEO (as of Sept. 8, 2008) Herb Allison. A banker with real world transactional experience, somebody who will know precisely how to deal with the last bubble that needs to be lanced - CDS.....
President-elect Obama and the American people have a choice: embrace financial sanity and safety and soundness by deflating the last, biggest speculative bubble using the time-tested mechanism of insolvency. Or we can muddle along for the next decade or more, using the Paulson/Geithner model of financial rescue for the AIG CDS Ponzi scheme and embrace the Japanese model of economic stagnation...." The Institutional Risk Analyst: What Barack Obama Needs to Know About Tim Geithner, the AIG Fiasco and Citigroup
"...Mr. Geithner’s involvement in several ultimately ill-fated efforts to buttress the American financial system is the very reason some Wall Street C.E.O.’s — a number of whom spoke on the condition of anonymity for fear of piquing the man who regulates them — question whether he’s up to the challenge....
...Mr. Geithner also oversaw and regulated an entire industry whose decline has delivered a further blow to an already weakened American economy. Under his watch, some of the biggest institutions that were the responsibility of the New York Fed — Bear Stearns, Lehman Brothers, Merrill Lynch and most recently, Citigroup — faltered." The New York Times
good post! some people do not yet know that paulson and geithner are 2 peas in a pod. they both have a primary interest in protecting their former employer, goldman sachs, by whatever means necessary.
I thought right-wingers were completely irrational during the Bush administration. Obama is making them look like they were bastions of insightful thinking back in those days. New frontiers in La-La Land are being discovered every day. Way to go, guys.
Meanwhile, just as he promised he would do during the campaign and since the election YOUR President will be laying out his ideas for ways in which the Congress can put the earmark process onto better and more transparent ground. Earmarks are a legislative matter so he doesn't have any final say, but he can set targets and objectives that he thinks those on the hill should pursue. We'll see how that works out, your guys random complaints about whatever happens as the result being duly ignored and discarded along the way. Make yourselves irrelevant and that is what you will be...
he could have simply vetoed all of the earmarks .....
Last edited by floridasandy; 03-11-2009 at 02:51 PM..
First of all, this is Bush's final budget.
It was supposed to be funding for FY09; obviously it's not yet passed.
It was supposed to be passed last summer so that agencies would not be running on continuing resolutions that fund them at prior year levels.
What this means is that there is no funding to purchase safety equipment and clothing for soldiers, that agencies cannot meet the requirements of their mission. This would also include no funding for tanks and munitions as required.
Apparently, many of you have no idea how the federal budget process works.
Here's a few links that you can peruse to educate yourself:
I thought Bush was a big liar......Obama is making Bush look like he was truthful.
Whatever they might think about Bush..everyday that passes it will look more stupid to even mention Bush his name....I guess Obama likes to be "Carter", so he can battle for who is the worst president in history and how fast can I become the worst president.....I have to agree Obama is winning this one ...if it wasn't so sad I would even think it is funny!
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...if it wasn't so sad I would even think it is funny!
