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DeMint, Sanford leading opposition to Obama stimulus plan
McClatchy via The Beaufort Gazette, Beaufort, SC ^ | 2009-02-04 | James Rosen

Posted on 02/04/2009 9:40:24 PM PST by rabscuttle385

WASHINGTON - Sen. Jim DeMint and Gov. Mark Sanford urged members of the Senate on Wednesday to reject President Barack Obama's economic-stimulus bill, as DeMint introduced a rival measure he said required only tax cuts.

Sanford, in Washington for a Republican Governors Association meeting, asked Republican senators at a Capitol Hill lunch convened by DeMint to follow the lead of House Republicans who voted against the $819 billion stimulus measure last week.

The bill passed the House by a 244-188 margin without a single Republican vote. It would bring South Carolina $3.2 billion, including a $905 million to eliminate a state budget deficit and $830 million to build and repair roads, bridges, schools, colleges, universities, water-treatment plants and other infrastructure.

Sanford and DeMint said they are joining forces in a bid to try to spark the kind of national outcry among conservatives that led to the defeat of a major Senate immigration-reform bill in 2007.

(Excerpt) Read more at beaufortgazette.com ...


TOPICS: Breaking News; Business/Economy; Constitution/Conservatism; Government; News/Current Events; US: South Carolina
KEYWORDS: 111th; bhostimulus; demint; demint2010; demint2012; economy; marksanford; sanford2012; senate; stimulus; taxes; theamericanoption; ussenate
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Which duo do you prefer: McCain/Graham or Sanford/DeMint? [The answer should be obvious to anyone who has not been smoking RINO dung in a perversely bipartisan manner.]
1 posted on 02/04/2009 9:40:24 PM PST by rabscuttle385
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To: upchuck

Ping to the Sanford/DeMint Team!


2 posted on 02/04/2009 9:40:57 PM PST by rabscuttle385 ("If this be treason, then make the most of it!" —Patrick Henry)
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To: bamahead

Ping!


3 posted on 02/04/2009 9:42:13 PM PST by rabscuttle385 ("If this be treason, then make the most of it!" —Patrick Henry)
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To: rabscuttle385

Sanford and DeMint may be emerging conservative GOP leaders. God knows we need more of them.


4 posted on 02/04/2009 9:45:02 PM PST by Dapper 26
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To: rabscuttle385

Woo hoo!! Go Sanford/DeMint!!


5 posted on 02/04/2009 9:47:21 PM PST by Jim Robinson
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To: rabscuttle385

They would be smart to take this deal.


6 posted on 02/04/2009 9:47:42 PM PST by freekitty (Give me back my conservative vote.)
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To: rabscuttle385
I watched the joint press congress between the Senate and House Republicans. Good for them. A united voice in principal and goals.
It appears the Republican Congress is starting to get a back bone once again. And I speak not only for this event but what has been going on of lately. I sense more Democrats are getting the message that they should not side with Reid and Pelosi, but become educated on what measures really can be put in place to address this banking and now economic problem.
7 posted on 02/04/2009 9:53:34 PM PST by Marine_Uncle
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To: Marine_Uncle
I sense more Democrats are getting the message that they should not side with Reid and Pelosi, but become educated on what measures really can be put in place to address this banking and now economic problem.

I hope you're right, but I won't be holding my breath ;)
8 posted on 02/04/2009 9:55:20 PM PST by CottonBall
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To: rabscuttle385

I am from S. Carolina and voted for both Sanford and DeMint. They are both fiscal conservatives. BTW, many people consider Sanford to be a libertarian- present company included.


9 posted on 02/04/2009 9:58:48 PM PST by conservativeinferno (My SUV is the urban squirrel's worst predator.)
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To: All
The American Option: A Jobs Plan That Works

. . . . .

Permanently repeal the Alternative Minimum Tax.

Permanently fix tax rates on Capital Gains and Dividends at 15 percent.

Permanently kill the Death Tax for estates under $5 million in value, while permanently fixing tax rates on estates of higher values at 15 percent.

Permanently extend the $1,000 per child Child Tax Credit.

Permanently repeal the marriage tax penalty.

Permanently limit itemized deductions to charitable contributions and mortgage interest, simplifying the tax code.

Permanently reduce top corporate income tax rates from 35 percent to 25 percent.

Permanently reduce top personal income tax rates to 25 percent. The only other two brackets will be 15 percent and 10 percent.

. . . . .

No American family should be forced to pay the federal government more than 25 percent of the fruits of their hard labor.

Every problem now plaguing our economy can be directly traced to some government policy that was passed over the vehement objections and prescient warnings of principled conservatives.

. . . . .

And, on the Obama-Democrats-Communist stimulus proposal...

Rest assured, unlike the oceans at President Obama’s command, the elevated spending levels in this bill will never recede.

This bill is not a stimulus, ladies and gentlemen; it is a mugging. It is a fraud. Conservatives who fear proponents of this bill want to inch our economy closer to European-style socialism are kidding themselves. The proponents of this bill want to strap a big rocket on the back of our economy and launch it all the way to Brussels!

GO SANFORD/DEMINT!!!

10 posted on 02/04/2009 10:00:23 PM PST by rabscuttle385 ("If this be treason, then make the most of it!" —Patrick Henry)
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To: AmericanInTokyo

Something encouraging to read.


11 posted on 02/04/2009 10:10:14 PM PST by rabscuttle385 ("If this be treason, then make the most of it!" —Patrick Henry)
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To: rabscuttle385
If they get all of these lined up: Limbaugh, Glenn Beck, Ingraham, Savage, Levin, Hannity, all ligned up and in tune, this thing will be defeated. I know there are egos and differences between these guys (and gal), but if they unit and get the stuff out 24/7, ACORN, Move On.org and the DNC and their cronies will not have a CHANCE.
12 posted on 02/04/2009 10:15:55 PM PST by AmericanInTokyo (Kim Jong il outlasted George W. Bush...And with a bunch more nukes to boot. Some "legacy", eh?)
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To: AmericanInTokyo
If they get all of these lined up: Limbaugh, Glenn Beck, Ingraham, Savage, Levin, Hannity, all ligned up and in tune, this thing will be defeated.

I have listened to most of them, they all are lined up against it when it went through the house, (though Rush is on vacation this week.)

13 posted on 02/04/2009 10:30:00 PM PST by verklaring (Pyrite is not gold))
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To: All

14 posted on 02/04/2009 10:32:03 PM PST by Cindy
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To: All

M.O.C.
Mugabe, Obama, Chavez:
The “Financial Leaders” of Our Time?


15 posted on 02/04/2009 10:32:27 PM PST by Cindy
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To: rabscuttle385

Conservative democrats should be and are right behind them. There actually is such a thing as a conservative blue dog democrat.

They were elected from free states. They don’t answer to radicals like Pelosi and Reid.

What the heck is the difference between a Conservative Democrat and a moderate Republican anyway? Ask the weather bunny what the difference is between mostly cloudy and partly sunny and she will smile and give you the answer you want.

I hope they are freedom loving Americans who care more about their country than they do about their own power. This bill is a disgrace and grab bag that libs would love to pass while folks are desperate.

One can only hope as a citizen that our Senators see that.


16 posted on 02/04/2009 11:01:05 PM PST by Eric Blair 2084 (Alcohol, Tobacco and Firearms shouldn't be a federal agency...it should be a convenience store.)
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To: rabscuttle385

Go DeMint/Sanford! Their plan really is excellent. Now we all know that media-ego-man McCain is dying to steal this victory from DeMint.

With the number of TV appearances McCain is making this week, I’m making sure that the blogs associated with the programs where he appears knows that I turn the channel when I see him.


17 posted on 02/04/2009 11:30:44 PM PST by AmericanGirlRising (Buying carbon credits will not get me into Heaven. I am second - http://iamsecond.com/#/home/)
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To: rabscuttle385

So let’s see:

There are no capital gains (long or short term) after the past year. Dividends are being slashed left and right.

So much for the benefit from those tax cuts.

$1000 per child tax credit? Why should I be subsidizing someone else’s procreation?

Marriage tax penalty? Yea, I guess so.

Top corporate rates? That might help, but most corporations simply pass along the tax expense.

The GOP is missing the boat completely here. They’re peddling the same laundry list of stuff they were trying to peddle in the Bush years. They need a new-new thing.

How about we remove all barriers to repatriation of foreign earnings for US corporations? That could bring as much as $600 to $700 billion back on-shore.

Or how about making targeted tax cuts for small businesses (less than 500 employees), since the majority of all jobs created in the US are from small business?

Sadly the GOP is too dumb to suggest something effective.


18 posted on 02/04/2009 11:33:03 PM PST by NVDave
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To: NVDave

“Permanently limit itemized deductions to charitable contributions and mortgage interest, simplifying the tax code.”

I’m not to big on this one. I think interest expense on consumer credit should also be deductible, the way it used to be.


19 posted on 02/04/2009 11:42:14 PM PST by Always Independent
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To: Always Independent

We should do nothing to encourage people to take on more debt, and allowing deduction of mortgage interest is one of the things that has plumped up the housing market for decades.

Buying something on credit should not be given incentives.


20 posted on 02/05/2009 12:10:53 AM PST by NVDave
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To: rabscuttle385

Lesley wants compromise but Demint wants to DESTROY the enemy. I like Demint. Demint/Sanford 2012.


21 posted on 02/05/2009 2:19:33 AM PST by personalaccts (Is George W going to protect the border?)
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To: NVDave

“$1000 per child tax credit? Why should I be subsidizing someone else’s procreation?”

I don’t think a tax cut should ever be considered a subsidy.


22 posted on 02/05/2009 3:35:46 AM PST by rightwingcrazy
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To: rabscuttle385
From the article,

Graham and DeMint joined 16 other Republican senators and representatives at a feisty news conference called by DeMint to denounce the House measure.

Obama launched a direct attack on DeMint and other Republicans who want to stimulate the economy solely through tax cuts.

"Now, in the past few days, I've heard criticisms of this plan that echo the very same failed theories that helped lead us into this crisis - the notion that tax cuts alone will solve all our problems," Obama said.

In a pointed reminder that he won the election, Obama added: "I reject that theory, and so did the American people when they went to the polls in November and voted resoundingly for change."


Obama is still stuck on the "I won" mandate he thinks he has from the American people. He does not have a mandate to throw a trillion dollars worth of wasteful spending that will do nothing to fix the current economic problems.
23 posted on 02/05/2009 4:00:31 AM PST by Girlene (Hey, Repub's: This is an entrepreneurial insurgency)
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To: rabscuttle385

Great. But to quote Doctor and Spock in the episode with the Gorn

“Can he do it?
If he has the time, Doctor. If he has the time.”

The dems are not allowing enough time for the public to catch up and demand it be stopped.


24 posted on 02/05/2009 4:08:40 AM PST by plain talk
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To: Marine_Uncle
I sense more Democrats are getting the message that they should not side with Reid and Pelosi, but become educated on what measures really can be put in place to address this banking and now economic problem.

Democrats (to be fair, most politicians) are more concerned about power and their careers than about what's best for America. They typically have the economic understanding of a two year old. It may be dawning on their tiny little dinosaur brains, though, that if they vote for a bill that makes things worse, the American people may just vote them out of power and a career even it if they have a "safe" seat. We can hope.

25 posted on 02/05/2009 4:14:07 AM PST by Hardastarboard (The Fairness Doctrine isn't about "Fairness" - it's about Doctrine.)
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To: rabscuttle385

It’s pretty obvious that Sanford has designs on running in 2012. I wonder if DeMint is as well? If so, it should make for an interesting primary season.


26 posted on 02/05/2009 4:16:49 AM PST by Non-Sequitur
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To: rabscuttle385; alrea; Canticle_of_Deborah; conservativeharleyguy; freeagle; NonLinear; ...
  
Jim
DeMint
Ping!

Want on or off this ping list? Just FReepmail me.


    Gov. Mark Sanford Ping!



Want on or off this ping list? Just FReepmail me.

27 posted on 02/05/2009 4:21:34 AM PST by upchuck (Get ready for 2009: Pray; Raise/conserve cash; Pay your debts; Pray; Stockpile; Buy ammo; Pray)
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To: Marine_Uncle
I sense more Democrats are getting the message that they should not side with Reid and Pelosi, but become educated on what measures really can be put in place to address this banking and now economic problem.

...the "blue dog rats" have to answer to their constituents, they like the Washington lifestyle and the perks...2010 is approaching. Bella and Dingy have stole theirs and have scammed the American people enough to really not care what people think

28 posted on 02/05/2009 4:31:14 AM PST by Doogle (USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated))
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To: rabscuttle385

About time Congress did its job.

http://defendourfreedoms.us/


29 posted on 02/05/2009 5:02:51 AM PST by FreeManN (DefendOurFreedoms.US)
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To: NVDave
There are no capital gains (long or short term) after the past year. Dividends are being slashed left and right.

So much for the benefit from those tax cuts.

You've been getting your economics lessons from Democrats. Investments are about the future, not the past or even the present. MUCH of what has gone wrong so far has been a result of fear and uncertainty about the future. This would indicate a brighter future, thus produce more investments, thus producing capital gains.

$1000 per child tax credit? Why should I be subsidizing someone else’s procreation?

So, a tax cut is a 'subsidy' now? Wow. Barney Frank, is that you?

Marriage tax penalty? Yea, I guess so.

Gee, thanks for being so generous.

Top corporate rates? That might help, but most corporations simply pass along the tax expense.

And if they didn't have to pass them on and prices were lowered as a result, which they would be in a dynamic and competing marketplace, those lower prices would, of course, be a bad thing in NVDave's socialist utopia. Gotcha.

The GOP is missing the boat completely here.

No, you're missing the boat. In fact, you're missing the fact that the boat is now a plane that has flown right over your head.

They’re peddling the same laundry list of stuff they were trying to peddle in the Bush years. They need a new-new thing.

I don't recall this laundry list being peddled, nor do I recall it actually being implemented. In fact, if the GOP hadn't strayed from this and lost their backbone, a lot of this mess could have been avoided.

How about we remove all barriers to repatriation of foreign earnings for US corporations? That could bring as much as $600 to $700 billion back on-shore.

Okay, thank God Barney Frank is gone! Great idea. Adding that to DeMint's plan would be fantastic and would spur a great deal of growth on top of what the rest of the plan would bring. The Dems would demonize it, but Republicans need to stop running from that and confront it head on. May as well use that for practice.

Or how about making targeted tax cuts for small businesses (less than 500 employees), since the majority of all jobs created in the US are from small business?

I guess that sounds good from a populist point of view, but why not make it across the board? I know Barney hates those eeeeeeeevil corporations, but those corporations employ people and make things that even small business people need to run their own business. Help them all out, so they can help each other.

30 posted on 02/05/2009 5:20:01 AM PST by perfect_rovian_storm
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To: rabscuttle385

Sanford sounds more solid than Sarah. Although Sarah is easier on the eyes. Sanford looks ashen.

A Sandord/DeMint team would be like releasing a tasmanian devil against the bureaucracy. I like it.


31 posted on 02/05/2009 5:23:15 AM PST by 1010RD (First Do No Harm)
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To: Marine_Uncle

But only when they are in the minority. In power they transform, like were-pigs, and bury their faces in the govt. gravy trough.

They don’t need a mouth or nose. One trait of a were-pig is being able to breathe through the top of your head. This allows constant gorging without the chance of suffocation. You can only kill a were-pig Republican by voting Democrat or solid-conservative.


32 posted on 02/05/2009 5:26:48 AM PST by 1010RD (First Do No Harm)
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To: rabscuttle385

Cap. gains and corp. taxes = 0.00% That is what they should be as they represent the worst taxation policy. This would repatriate an estimated $300 billion held by corporations overseas for tax reasons and drive capital back into our markets.

Repeal SOX and mark to market (sorry Barry R. it is a stupid rule) and Americans won’t know what to do with their new found wealth.


33 posted on 02/05/2009 5:30:51 AM PST by 1010RD (First Do No Harm)
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To: rabscuttle385
Permanently limit itemized deductions to charitable contributions and mortgage interest, simplifying the tax code

That would destroy every small business in America.

34 posted on 02/05/2009 5:31:14 AM PST by P-Marlowe (LPFOKETT GAHCOEEP-w/o*)
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To: rabscuttle385

What the current gang of political thugs now in control are attempting is the equivalent of an economic “Pearl Harbor” attack on America.

In that same sense, it’s already too late to stop the initial devastation and loss, so it’s time to “awaken the sleeping giant” (the American people) and fill US “with a terrible resolve”, not just to defeat this particular plan, but to take the war to these people and destroy them, since they have clearly shown that working with them simply means surrender.


35 posted on 02/05/2009 5:51:55 AM PST by tarheelswamprat
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To: rabscuttle385; Man50D
The FairTax is what we really need.
36 posted on 02/05/2009 6:07:53 AM PST by foxfield
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To: rabscuttle385

Now we can see who the leaders are.

BTW, has anyone heard anything from McCain lately??
LOL!

And I was disappointed to learn that Sarah Palin had nothing better to do than to insert herself into the Texas governor’s race by endorsing the lesser of two weasels, Rick “The Hair” Perry.


37 posted on 02/05/2009 6:12:42 AM PST by Redbob (W.W.J.B.D.: "What Would Jack Bauer Do?")
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To: rabscuttle385
You really do have psychological issues.

You've taken a stand-alone story, positive on its own merits, and fouled it up by tying it to your irrational, anti-McCain, fetish.

Seek professional help.

38 posted on 02/05/2009 6:21:32 AM PST by Cedric
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To: perfect_rovian_storm

Yea, yea. Nice dogma.

Now here’s some hard facts of the here and now from the Church of What Is:

What is here and now is that dividends are being slashed, stocks are going to zero, we’re now having to contend with talk of bank nationalization, etc. We’re now in an environment where such previously safe companies as Dow Chemical, with a dividend history of steady, growing dividends back to 1912, are faced with having to cut their dividend. Even utility stocks are not completely safe dividend plays any more, as Goldman Sachs is now warning investors to hedge utility stocks out to 2010.

There are plenty of people who are selling out of stocks because they can see the handwriting on the wall. There are no cap gains to be had, and unless you’re a short-term trader like me, there aren’t about to be gains to be had. Neither the GOP nor the DNC is about to give traders tax cuts. They want to keep people as victims of the “buy-and-hold” scheme of picking the investors’ pockets.

Go look at how long it took the stock market to recover from 1933 onward, or in the 1970’s - and now project that onto the current environment. There’s going to be no stimulative benefit from playing with tax rates on cap gains for years and years to come.

Remember, the object here is to create liquidity in the economy and increase GDP as a result of this “stimulus” — not pursue some dogma. The GOP is completely missing this boat. The CBO has come down against Obama/Obey’s plan, but the CBO’s previous scoring on some of these tax-cut ideas backs up what I’m saying: they have little stimulative effect.

The BEA GDP release for Q2 2008 shows what happened to the last “stimulus” from Bush: People put it into savings, by and large. There was little to no “stimulus” from handing people that one-off rebate.

Hence, this is why job creation and wage growth must be targeted. Everything else is just noise. The US consumer is shutting their wallet - quickly. Look at the auto industry, for example: everyone says that “if Detroit would only build cars that the US consumer wants to buy.... blah, blah, blah.”

OK, so how does that explain Toyota’s sales being down about 30% y-o-y, or Honda being down 23%+ Y-o-y? It doesn’t.

The US consumer being tapped out — now that explains both Detroit’s falling sales and Toyota/Honda/Nissan sales plummeting quite nicely.

The US auto industry is doomed - this year - without stimulating job creation and wage growth. Offering people these laundry lists of recycled pap ain’t gonna get the job done. The GOP needs to focus directly on the task at hand, and quit trying to load up their legislation with their past laundry lists, like the marriage penalty or child tax credits, which are basically sops to social conservatives. Those won’t create jobs. The majority of jobs in the US are created by small business - that is undeniable and well documented. Target those businesses.

The first-time unemployment claims out this morning show that it is time for the GOP to get their head out of their plush posteriors and get serious about this. At some point very soon, the US consumer is going to shut down for a long time to come because everyone (including government employees in tapped-out states) is going to start wondering if their job is safe. The GOP has a chance to show some leadership, but only if they come up with proposals that none of the Obama administration’s economists or think-tank can dispute are stimulative. There are tax cuts that are stimulative and significantly so and the GOP needs to offer up a clean package of just those tax cuts, because the DNC isn’t going to accept them.

The GOP, in the end, needs to have offered up a package of cuts and spending that scores well, so that even if it is rejected, and the Obey/Obama plan results in nothing but more misery, the GOP is on solid ground come 2010.

Thanks to the Congress and their stupid “Buy American” component of the “stimulus” bill, we’re now quite possibly looking at a trade war. The business press in the EU is aflame with furious rants about this provision of the legislation, even as countries in the EU are trying to tamp down their own trade unions and calls for protectionism. If this legislation goes through with a “Buy American” clause in it - even if it contains some footnoted caveat that it is “subject to previously negotiated trade agreements” - the footnote won’t appear in the European press. The GOP has actually picked up points abroad for opposing the “Buy American” nonsense — it is the first time in three months of non-stop Obama adulation abroad that the foreign press is copping a clue who the adults are over here.


39 posted on 02/05/2009 6:25:22 AM PST by NVDave
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To: Redbob

McCain offered up an amendment last night to the “stimulus” package to remove the “buy American” clause.

It was defeated.


40 posted on 02/05/2009 6:27:10 AM PST by NVDave
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To: NVDave; perfect_rovian_storm
There are no capital gains (long or short term) after the past year. Dividends are being slashed left and right.

Don't assume that just because most folks were taking losses, that everyone was taking losses last year. And, quite a few public companies are still issuing dividends.

41 posted on 02/05/2009 6:32:42 AM PST by rabscuttle385 ("If this be treason, then make the most of it!" —Patrick Henry)
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To: Cedric; DoughtyOne; TADSLOS; cripplecreek; dcwusmc; MaggieCarta; indylindy; roamer_1; calcowgirl; ..
You really do have psychological issues.

You've taken a stand-alone story, positive on its own merits, and fouled it up by tying it to your irrational, anti-McCain, fetish.

Seek professional help.

In case you haven't noticed, McCain has been leading the charge to undercut DeMint and Sanford by offering up his own alternative bill, some sort of mutant hybrid containing questionable tax cuts and all sorts of pork.

Now, in the meantime...


42 posted on 02/05/2009 6:36:18 AM PST by rabscuttle385 ("If this be treason, then make the most of it!" —Patrick Henry)
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To: rabscuttle385
Maybe Mark Sanford could loan some pigs to Jim DeMint :)
During the 2004 South Carolina budget showdown, Sanford took two piglets to the state house to illustrate the pork in the budget.


43 posted on 02/05/2009 6:36:29 AM PST by Amanda King
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To: rabscuttle385

McCain offered his lame alternative first.

And it was roundly ignored by everyone but the mentally impaired.


44 posted on 02/05/2009 6:40:02 AM PST by Cedric
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To: NVDave
What is here and now is that dividends are being slashed, stocks are going to zero, we’re now having to contend with talk of bank nationalization, etc. We’re now in an environment where such previously safe companies as Dow Chemical, with a dividend history of steady, growing dividends back to 1912, are faced with having to cut their dividend. Even utility stocks are not completely safe dividend plays any more, as Goldman Sachs is now warning investors to hedge utility stocks out to 2010. There are plenty of people who are selling out of stocks because they can see the handwriting on the wall. There are no cap gains to be had, and unless you’re a short-term trader like me, there aren’t about to be gains to be had. Neither the GOP nor the DNC is about to give traders tax cuts. They want to keep people as victims of the “buy-and-hold” scheme of picking the investors’ pockets.

Yes, all of this is because as you say 'the handwriting is on the wall'. However, this bill would change what the handwriting says.

Go look at how long it took the stock market to recover from 1933 onward, or in the 1970’s - and now project that onto the current environment. There’s going to be no stimulative benefit from playing with tax rates on cap gains for years and years to come.

You're comparing apples with oranges. Both times, they tried the Keynesian nonsense that they're planning on doing this time. At neither time, were the ideas in this bill implemented. It would seem that a different response is in order.

Remember, the object here is to create liquidity in the economy and increase GDP as a result of this “stimulus”

Okies, but none of the policies on the table is going to do that. Any increase in GDP is a Pyrrhic victory, since the money that created the supposed increase had to be first taken out of the private sector, borrowed, or printed, to accomplish that. Any upticks will be quickly slapped down by massive inflation anyway.

Creating liquidity and supposedly increasing GDP with government spending is a fool's errand. The government needs to make a strong statement that it's going to get out of the way of businesses trying to dig their way out of this hole. Will it be easy? No, it won't. But the Keynesian way is only going to prolong the suffering and dig the hole deeper.

The BEA GDP release for Q2 2008 shows what happened to the last “stimulus” from Bush: People put it into savings, by and large. There was little to no “stimulus” from handing people that one-off rebate.

That's exactly right. Giving someone $600 ain't the same as giving them a raise (or a cut in taxes, which amounts to the same thing) that is recurring. One-off rebates don't work and never will.

Hence, this is why job creation and wage growth must be targeted.

Job creation and wage growth? From the government? Are you sure you're on the right website? Let's stimulate both by letting businesses keep more of their money and taxing consumers less, so they have more disposable income to spend. This Keynesian crap is ridiculous. If this crap worked, NY State wouldn't be on the verge of bankruptcy right now.

Yes, the US consumer is shutting their wallets. Let's put some damn money back in it and do it permanently, not on a one off basis. That's what this bill is saying!

The US auto industry is doomed

Yes, it is. That's true regardless of how we deal with this financial crisis. Frankly, IMHO, the whole nation is completely doomed. We've allowed ourselves to force manufacturing offshore by raising the cost of doing business here to ridiculous levels, all to pay for the insane government solutions that you're here advocating for. By not smacking this bullcrap down long ago, we doomed ourselves.

This bill isn't a cure-all, but it's an indication that we're looking to move in the right direction. The wrong direction is for the GOP to jump on the Keynes bandwagon.

If you want liquidity, pass this bill, with your amendment on the offshore tax amnesty, and repeal SOX and we've got, not only liquidity, but a favorable business environment going forward.

45 posted on 02/05/2009 6:53:48 AM PST by perfect_rovian_storm
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To: rabscuttle385
Two questions:

  1. What is it in the water of South Carolina which produces such great patriots as Mark Sanford and Jim DeMint?
  2. Why doesn't Lindsey Graham drink any?

46 posted on 02/05/2009 6:54:23 AM PST by Vigilanteman (Are there any men left in Washington? Or, are there only cowards? Ahmad Shah Massoud)
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To: rabscuttle385
Incidentally, in the past I allowed my grandchildren to view the vacuous cartoons you subjected this board to, ad nauseum. They would always marvel at your inanity.

But your recent and sudden lurch into graphic vulgarity makes it impossible for me to treat the kids to your sophomoric rants.

Please desist, forthwith, FOR THE CHILDREN.

47 posted on 02/05/2009 6:56:11 AM PST by Cedric
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To: Cedric

Try using Firefox for your browser and get the AdBlockPlus addon for it. That way, if a picture bothers you, you can easily block it and you don’t have to look at it.


48 posted on 02/05/2009 6:57:48 AM PST by perfect_rovian_storm
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To: rabscuttle385; upchuck

Do you have a ping list? If so, please put me on it.


49 posted on 02/05/2009 6:58:20 AM PST by truthkeeper (It's the borders, stupid.)
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To: upchuck

Oh, sorry...just saw your post.


50 posted on 02/05/2009 7:00:44 AM PST by truthkeeper (It's the borders, stupid.)
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