Are you for (or against) the economic stimulus plan?

ZASHAGALKA · Feb 01, 2009, 01:33 PM

Originally Posted by HM2Viking

Except that the job creation efforts are targeted at infrastructure, energy grid modernization etc. These will be private sector endeavors......If you put 1 into infrastructure that yields about 1.50 in economic activity.....With 2.2 Trillion in pent up demand for shelf ready stimulus projects that will bring economic activity home again...

Gov't jobs don't spur the economy. They steal FROM the economy. Your "economic activity" numbers are made up by people that want a 850 BN late Christmas present for Democrats.

This Rip Off is about using 850 BN of the public treasury for nothing more than political patronage. Tip O'Neill would be in awe at the audacity of scale of such a Rip Off.

I'm sure Tip's former aide, Chris Matthews, is feeling a tingle.

~faith,
Timothy.

ZASHAGALKA · Feb 01, 2009, 01:57 PM

If passed, Obama will need a Theme song:

Welcome Back, (President) CARTER! (not Kotter)

This bill will start the chain reaction that will lead to a stagflation economy. Simply put, the treasury market cannot sustain such drastic borrowing all at one time (this bill, plus the one last fall, plus the current annual deficit = 2 Trillion Dollars). As a result, the Treasury will be forced to dramatically raise interest rates to attract the level of borrowing it needs.

Lock in your mortgage rates now. Next stop, 1978!

~faith,
Timothy.

*herring_RN* · Feb 01, 2009, 03:06 PM

GOP governors press Congress to pass stimulus bill

Most Republican governors have broken with their GOP colleagues in Congress and are pushing for passage of President Barack Obama's economic aid plan that would send billions to states for education, public works and health care.

Their state treasuries drained by the financial crisis, governors would welcome the money from Capitol Hill, where GOP lawmakers are more skeptical of Obama's spending priorities.

The 2008 GOP vice presidential nominee, Alaska Gov. Sarah Palin, planned to meet in Washington this weekend with Senate Republican leader Mitch McConnell of Kentucky and other senators to press for her state's share of the package....

http://www.google.com/hostednews/ap/...GZVvAD962B5480

*leslie :-D* · Feb 01, 2009, 03:19 PM

it would seem that we are damned either way.

leslie

*herring_RN* · Feb 01, 2009, 03:19 PM

What Cooked the World's Economy?
It wasn't your overdue mortgage.

...About $2 trillion in credit derivatives in 1989 jumped to $8 trillion in 1994 and skyrocketed to $100 trillion in 2002. Last year, the Bank for International Settlements, a consortium of the world's central banks based in Basel (the Fed chair, Ben Bernanke, sits on its board), reported the gross value of these commitments at $596 trillion. Some are due, and some will mature soon. Typically, they involve contracts of five years or less.

Credit derivatives are breaking and will continue to break the world's financial system and cause an unending crisis of liquidity and gummed-up credit. Warren Buffett branded derivatives the "financial weapons of mass destruction." Felix Rohatyn, the investment banker who organized the bailout of New York a generation ago, called them "financial hydrogen bombs."...

http://www.villagevoice.com/content/printVersion/850296

**NRSKarenRN** · Feb 01, 2009, 03:34 PM

Place bill # in THOMAS search engine to locate Federal Legislation:
http://thomas.loc.gov/home/c111query.html

American Recovery and Reinvestment Act of 2009 (Reported in House) )[H.R.679.RH]

American Recovery and Reinvestment Act of 2009 (Placed on Calendar in Senate) [S.336.PCS]

Economic Growth Through Tax Stimulus Act of 2009 (Introduced in House) [H.R.301.IH]

ZASHAGALKA · Feb 01, 2009, 05:27 PM

The bottom line is this:

It is a grave mistake to pass this bill. Why?

Because. We. Cannot. Afford. It.

Somebody will say, "We can't afford NOT to." Bull. This bill will not, cannot, accomplish its stated goal. You can't borrow your way out of debt. That's common sense.

~faith,
Timothy.

Absolutely13 · Feb 01, 2009, 05:59 PM

Originally Posted by ZASHAGALKA

The bottom line is this:

It is a grave mistake to pass this bill. Why?

Because. We. Cannot. Afford. It.

Somebody will say, "We can't afford NOT to." Bull. This bill will not, cannot, accomplish its stated goal. You can't borrow your way out of debt. That's common sense.

~faith,
Timothy.

We. Listened. To. Conservatives. In. 2000.

Trying. To. Fix. Now.

Thanks. But. We've. Seen. How. Conservative. Thinking. Works.

Please. Send. Help.

Bush. Is. Yours. We. Don't. Want.

Mayday. Mayday. Ship. Going. Down.

To criticize an incoming government after what you guy's pulled is an embarrassment to civilized people, worldwide. The current conservative civil terrorism - I've listened to it on Rush and Savage, is beyond pathetic.

You should be truly embarrassed, Tim. Patriots of self. It's sad to watch a party die that once stood for something besides wealth and fear mongering.

*flightnurse2b* · Feb 01, 2009, 06:10 PM

Originally Posted by Absolutely13

We. Listened. To. Conservatives. In. 2000.

Trying. To. Fix. Now.

Thanks. But. We've. Seen. How. Conservative. Thinking. Works.

Please. Send. Help.

Bush. Is. Yours. We. Don't. Want.

Mayday. Mayday. Ship. Going. Down.

To criticize an incoming government after what you guy's pulled is an embarrassment to civilized people, worldwide. The current conservative civil terrorism - I've listened to it on Rush and Savage, is beyond pathetic.

You should be truly embarrassed, Tim. Patriots of self. It's sad to watch a party die that once stood for something besides wealth and fear mongering.

i missed you, abster.

ZASHAGALKA · Feb 01, 2009, 06:26 PM

Originally Posted by Absolutely13

We. Listened. To. Conservatives. In. 2000.

Trying. To. Fix. Now.

Thanks. But. We've. Seen. How. Conservative. Thinking. Works.

Please. Send. Help.

Bush. Is. Yours. We. Don't. Want.

Mayday. Mayday. Ship. Going. Down.

To criticize an incoming government after what you guy's pulled is an embarrassment to civilized people, worldwide. The current conservative civil terrorism - I've listened to it on Rush and Savage, is beyond pathetic.

You should be truly embarrassed, Tim. Patriots of self. It's sad to watch a party die that once stood for something besides wealth and fear mongering.

Conservatism brought 30 yrs of astounding economic growth. And that was with only tax cuts. Imagine what could have happened with BOTH tax cuts AND spending cuts. Sigh.

The current crisis: look at the time-line of this crisis. It began after the Democrats took over Congress - and the nation's purse strings - in 2007.

The ship is going down because Democrats have been running the show. It wasn't going down, before. I will concede that Bush created a mess with the 850BN bailout last year, a mess to be compounded by the coming giveaway of money that we don't have.

However. A Democrat Congress will deliver both bills to the President's desk.

Go ahead. Spend 2 trillion/year in deficit spending this year and next.

And in 2012: Republicans will bail out the stagflation created.

Again.

(I AM embarrassed. But. In my defense, I didn't vote for him.)

Fear mongering? You didn't listen to the President's Saturday Radio Address. We're all gonna die unless I get my pork bill!

I'm just giving a fair warning. A common sense warning. When the problem is DEBT, the solution isn't borrowing.

~faith,
Timothy.

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