Obama stimulus plan may hit $1 trillion
President-elect Barack Obama is floating the possibility of an economic-stimulus package as large as $1 trillion, making good on private comments by his staff to supporters that they are prepared to take the political heat for a dramatic rise in the federal deficit.
Stimulus plan could shape course of Barack Obama’s presidency
http://www.latimes.com/news/politics/la-na-obama-stimulus18-2008dec18,0,1385571.story
“Though no stimulus bill has yet been drafted, Republicans are wary of some of the proposals put forward by groups that are talking to Obama’s transition team. They cite a report by the U.S. Conference of Mayors listing myriad projects cast as vehicles to create jobs and boost the economy. Those include a dog park in Hercules, Calif.; a bike path in San Diego; and a $1.5-million push to curb prostitution in Dayton, Ohio.
“My fear is it will be a tool for all kinds of pet spending projects, for wasteful pork barrel projects and redistribution of wealth,” said Pat Toomey, president of Club for Growth, which promotes fiscal conservatism.
Toomey said the group may run ads opposing the stimulus package.
Grover Norquist, a Washington anti-tax activist who has been at the hub of conservative policymaking in the Bush years, said the package should be posted on the Internet for a minimum of 10 days so that Americans have a chance to inspect it and look for dubious projects.”
God protect our grandchildren from these maniacs.
Birth, growth, decay, death.
Many segments of our economy appear to be near the end of the decay part of the cycle, some even at death’s bed.
Those pushing so hard to rush through the various stimulus packages, bailouts, whatever, are trying to stave off death. Maybe.
Death is inevitable. It is part of the cycle. The good news is that IT IS A CYCLE.
What follows death? Birth.
The auto worker who gets laid off (or any other worker for that matter) does not simply cease to exist. They adapt to whatever opportunity takes the place of the one that failed. It’s the old ‘life goes on.’ History is full of examples.
There are people who know this, and even make fortunes off of the cycle. Warren B. comes to mind.
In my opinion, the various stimulus packages, bailouts, etc. are just the crooks ripping us off while they are still capable of it.
Anyone had enough yet?
Speding does not stimulate the economy. It is savings and investment that drives economic growth. Spending gives the illusion of growth.
OK let’s start looking around...
what’s the NEXT country to live in that is not parading towards socialism?
Is it too late to recall Barry? What have we done? Is it time for another tea party, this time in Washington DC? We have been betrayed by our politicians. They are self-serving theives and contrary to what some say, they are mostly incompetant.
The stimulus money will be given to ACORN to distribute to community activist.
So where’s my Free Stuff? I was promised a whole lot of Free Stuff and it hasn’t showed up yet. Where’s that Free Stuff?