Posted on 02/22/2009 3:56:40 PM PST by Steelfish
Republican Governors Step Up Attacks on Obama Economic Policies
Feb. 22 (Bloomberg) -- Republican governors attacked President Barack Obama’s economic policies, warning that the $787 billion stimulus package will saddle states with obligations they can’t afford.
Obama’s “short-term” thinking and deficit spending are “digging yet another hole for ourselves,” said South Carolina Governor Mark Sanford, a Republican, on “Fox News Sunday.”
He said he may not accept all of the $8 billion in stimulus money designated for his state. Democrats criticized that approach as insensitive.
“This is about real people who, through no fault of their own, are laid off because of a recession, and they need to be able to put food on the table,” said Democratic Governor Jennifer Granholm of Michigan, which has a 10.6 percent unemployment rate, the nation’s highest.
Granholm said she would accept all the stimulus money and be “first in line” to “take their dollars too” if South Carolina leaves funds unspent.
The Republican criticism may be a preview of partisan battles later this week when Obama is scheduled to release an outline of his 2010 spending plan.
The president plans to cut the federal deficit to $533 billion by 2013 with higher taxes on the wealthiest Americans and an end to the war in Iraq, according to an administration official.
Minnesota Governor Tim Pawlenty, a Republican, said investors won’t take kindly to Obama’s tax policies.
(Excerpt) Read more at news.yahoo.com ...
If you have a 401K and are within 10 years of retirement you are screwed.
The socialist press is silent on this and surprise surprise, so is the RNC.
She is a liar! She also said the UAW has made a huge sacrifice to keep people employed!
I guess the auto industry and the UAW don't understand what it means to actually put together a plan like they promised before they get more money. Why should they when they know they are going to get it anyway!
So, let me get this straight from the excerpted article.
1) The most lunatic liberal Governor in the country loves the stimulas package
2) Our POTUS will cut the deficit by cutting war spending and tax increases.
And, he will claim to be fiscally responsible and the media will go nuts?
Do I have it about right?
As a young adult she attempted to launch a Hollywood acting career but was unsuccessful and she abandoned her efforts at the age of 21.
She held jobs as a tour guide at Universal Studios, within customer service for the Los Angeles Times.
In 1980, she became a United States citizen and worked for John Anderson’s independent run for US President, and enrolled at the University of California, Berkeley. She graduated from UC-Berkeley in 1984 Phi Beta Kappa with two BA degrees, one in political science, the other in French.
Granholm: “Often those who cloak themselves in a cape of religiosity happen to be some who are the biggest (tax) cutters.”
“’Whatsoever you do to the least of these, so also you do unto me’ – that’s when I question whether somebody is really living out the faith that they profess.”
They export 2 products, cars and socialism, and we're not buying.
The good news is that they import plenty of muzzies, at least President Raghead will feel like he's back home when he visits.
Amazing. In 3 short years, he will bring the deficit back down to unacceptable levels, and the media praises him for it. I wonder if the media tupes lavish this much attention and praise on their own children, or expect the kid to wipe his own butt first.
Typically insane resume for a socialist politician who ends up charge of a hell hole.
I imagine there aren't too many good folk still residing in Michigan, real shame.
Wouldn't those two naturally cancel each other out?
“This is about real people who, through no fault of their own, are laid off because of a recession, and they need to be able to put food on the table,”
Amazing...our congress folks seem to be ignorant of the fact that they will only further this with their ridiculous spending bills and now assumed higher taxes on buisnesses who will hence remove workers as the costs of operations will rise and the costs of consumers will rise and so on and so on....
This is the time to save money, not spend so that everyone can regain liquidity to be able to spend in a short while...I also find it amusing that so many politicians grump that the banks won’t lend....Who is wanting to borrower? Businesses aren’t, they are in fear of the impending legislation and want to see how big “the man aka Obama” sticks it to them...
The only way we come out of this is to cut government size, reduce taxes for both mega and small business and cut capital gains tax down to 7.5% for one year then to 10 the next, then 12.5 and finally at 15 where it should remain...give people their money back and watch America work like it should...
And Obama’s “divide and conquer” “bipartisan” strategy has RINO Republican Governors Schwarzenegger, Crist of Florida, Jim Douglas of Vermont and Jodi Rell of Connecticut backing the stimulus plan 100%.
Schwarzenegger said today that he would take every dollar from the Republican governors who turn down stimulus $.
The reason stocks are tanking is because there is major uncertainty about bank balance sheets. No one knows exactly how much their toxic holdings are worth. Until that is resolved, stocks will keep declining.
IMHO Citi & BAC should be nationalized. They dug their own grave by making risky loans. Even a temporary nationalization will help. Sweden did that a while back and it helped them.
“Schwarzenegger said today that he would take every dollar from the Republican governors who turn down stimulus $.”
Not a team player.
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