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Obama renews call for more stimulus
The Washington Times ^ | August 9, 2011 | Stephen Dinan

Posted on 08/09/2011 8:46:14 AM PDT by yoe

Pummeled by ghastly economic news, President Obama called Monday for more spending and extended tax cuts that he said would help stimulate the economy — but these also could deepen the deficit problems that helped the federal government earn its first-ever debt downgrade last week.

The president made the proposals as world stock market indexes were tumbling, and his remarks seemed designed to help the White House regain its political footing by resetting the congressional agenda next month. Mr. Obama said he wants the 2 percent payroll-tax cut extended into next year, the creation of an infrastructure bank by Congress to promote construction, and enhanced unemployment benefits extended for another year.

“If Congress fails to extend the payroll-tax cut and the unemployment-insurance benefits that I’ve called for, it could mean 1 million fewer jobs and half a percent less growth,” the president said from the White House, as stocks were in the midst of deep losses that would register a nearly 635-point drop in the Dow Jones industrial average. “This is something we can do immediately, something we can do as soon as Congress gets back.”

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


TOPICS: Breaking News; Business/Economy; Constitution/Conservatism; Politics/Elections
KEYWORDS: 0bamaa; chicongo; economy; infrastructurebank; johnkerry; obama; obamaarigged; obamanomics; oncspan; payrolltaxcut; socialsecurity; stimulus; unemployment; unemploymentbenefits
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(Rules for Radicals - Saul Alinsky - 1971)......"Obama learned his lesson well. I am proud to see that my father's model for organizing is being applied successfully beyond local community organizing to affect the Democratic campaign in 2008. It is a fine tribute to Saul Alinsky as we approach his 100th birthday." --Letter from L. DAVID ALINSKY, son of Neo-Marxist Saul Alinsky
1 posted on 08/09/2011 8:46:20 AM PDT by yoe
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To: yoe

I’m all for more stimulus!!!

Cut cap gains, shutter the epa, keep zero off tv and in the white house...

Oh.. thats not HIS kind of stimulus?


2 posted on 08/09/2011 8:47:33 AM PDT by cableguymn
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To: yoe

Satire?


3 posted on 08/09/2011 8:48:03 AM PDT by Grunthor (Faster than the speed of smell.)
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To: yoe

like the god ol’ says of fdr. /s

so’s the l.a. times today calling for more stimulus.


4 posted on 08/09/2011 8:49:05 AM PDT by ken21 (ruling class dem + rino progressives -- destroying america for 150 years.)
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To: yoe

He’s a One Trick Pony. The trick doesn’t even work. “Dumber than a Box of Rocks” is unkind to rocks.


5 posted on 08/09/2011 8:49:17 AM PDT by norwaypinesavage (Galileo: In science, the authority of a thousand is not worth the humble reasoning of one individual)
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To: norwaypinesavage
Its working fine as far as he's concerned.

Its time everyone acknowledged just what the punk's endgame is.

6 posted on 08/09/2011 8:50:51 AM PDT by skeeter
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To: norwaypinesavage

Wheee! Free money! Where’s mine?


7 posted on 08/09/2011 8:51:53 AM PDT by Pining_4_TX ( The state is the great fiction by which everybody seeks to live at the expense of everybody else. ~)
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To: yoe

Stimulus = Obama and Biden immediately resigning for their incompetence.


8 posted on 08/09/2011 8:53:13 AM PDT by Brett66 (Where government advances, and it advances relentlessly , freedom is imperiled -Janice Rogers Brown)
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To: yoe

In related news, doctors who have been unable to cure AIDS
when applying huge numbers of leeches have renewed their
call for even more leeches, noting that this medical
technique is precisely as effective as economic stimulus.

9 posted on 08/09/2011 8:55:26 AM PDT by Pollster1 (Natural born citizen of the USA, with the birth certificate to prove it)
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To: yoe

I could write this one in my sleep. More jobs will require more stimulus, which requires more spending. Because the Tea Party personally prevented the government from borrowing enough money, taxes will have to go up. The Dems don’t really want to tax and spend, the Tea Party and George Bush are making them do it.


10 posted on 08/09/2011 8:55:35 AM PDT by Billthedrill
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To: yoe

When the only tool in your kit is a hammer all problems look like nails...


11 posted on 08/09/2011 8:55:42 AM PDT by rockrr (Everything is different now...)
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To: yoe

I would like to know how unemployment benefits stimulate the economy?


12 posted on 08/09/2011 8:56:19 AM PDT by RexBeach (Mr. Obama can't count.)
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To: Grunthor

if this had even a prayer of getting through the House they’d be cutting our credit rating to QQQ right now


13 posted on 08/09/2011 8:58:37 AM PDT by Buckeye McFrog
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To: cableguymn

Obama is crashing the United States on purpose.


14 posted on 08/09/2011 9:00:10 AM PDT by Lazamataz (Obama is crashing the United States on purpose.)
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To: yoe

What part of “there is no more money” doesn’t this idiot understand?


15 posted on 08/09/2011 9:01:58 AM PDT by tobyhill (Real Spending Cuts Don't Require Increasing The Debt)
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To: yoe

we dont need a freaking “infrastructure bank”

and we need to CUT unemployment benefits, not extend them!

He still doesn’t get it.


16 posted on 08/09/2011 9:02:50 AM PDT by TexasFreeper2009 (Obama = Epic Fail)
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To: yoe

More spending? He’s insane.


17 posted on 08/09/2011 9:03:09 AM PDT by BuckeyeTexan (Man is not free unless government is limited. ~Ronald Reagan)
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To: RexBeach
It takes tens of thousands of bureaucrats to cut hundreds of thousands of EDD checks. Contractors are required to service the copy machines. IT people to maintain the computers.

How about the USPS mail carriers who deliver the checks to the eagerly awaiting hands of the unemployed.

Then there's plenty of work to be done administering pension programs when those bureacrats retire.

Jobsjobsjobs.

18 posted on 08/09/2011 9:04:07 AM PDT by skeeter
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To: RexBeach
I would like to know how unemployment benefits stimulate the economy?

...sends jobless people scurrying to Walmart to buy cheap goods made in China with money borrowed from them. Bingo! Economy stimulated.
19 posted on 08/09/2011 9:04:18 AM PDT by Deo volente (God willing, America will survive this Obamination.)
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To: yoe

A one trick pony, and the trick isn’t good.


20 posted on 08/09/2011 9:04:56 AM PDT by Republic of Texas (Socialism Always Fails)
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To: Lazamataz
That's right Laz. I am still amazed at how many public “commentators” are still unwilling to admit this simple fact. I guess they are afraid of something, not sure what, but it must be something...
21 posted on 08/09/2011 9:05:23 AM PDT by zzeeman ("We can evade reality, but we cannot evade the consequences of evading reality.")
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To: All

Obama is no different that the angry black flash mobs attacking the white man...in the streets around the world and across America...

SEE what happens with “Eric ‘My People’ Holder” gives away the FREE VIOLENCE pass to the Black Panthers and is the protector of the illegal activities of Obama?

What Regan did to the Soviet Union...Obama is doing to the USA...bringing her to her knees...


22 posted on 08/09/2011 9:06:06 AM PDT by antivenom (visit SBPDL.com and at least read what you and the liberal media are too afraid to say)
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To: yoe

The U.S. Congress sets a federal budget every year in the trillions of dollars. Few people know how much money that is so we created a breakdown of federal spending in simple terms. Let’s put the 2011 federal budget into perspective:

” U.S. income: $2,170,000,000,000
“ Federal budget: $3,820,000,000,000
“ New debt: $ 1,650,000,000,000
“ National debt: $14,271,000,000,000
“ Recent budget cut: $ 38,500,000,000 (about 1 percent of the budget)

It helps to think about these numbers in terms that we can relate to. Let’s remove eight zeros from these numbers and pretend this is the household budget for the fictitious Jones family.

” Total annual income for the Jones family: $21,700
“ Amount of money the Jones family spent: $38,200
“ Amount of new debt added to the credit card: $16,500
“ Outstanding balance on the credit card: $142,710
“ Amount cut from the budget: $385

Whew! I’m glad they got that all worked out to our benefit, aren’t you? I feel better already.


23 posted on 08/09/2011 9:06:44 AM PDT by COUNTrecount (Barry...above his poi grade.)
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To: RexBeach

“I would like to know how unemployment benefits stimulate the economy?”

###

Why, giving money to parasites so they can buy iPhones, booze and plasma TVs, of course.

All the while of course, ignoring the basic rule of Hazlitt’s “Economics in One Lesson”:

You must look at ALL the factors in any economic transaction. In this case, on the other side of the equation, which the propagandizing QueerMedia refuses to cover, the RaceMarxist is stealing from other Americans to finance the habitually unemployed.


24 posted on 08/09/2011 9:08:40 AM PDT by EyeGuy (2012: When the Levee Breaks)
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To: yoe

Making his friends and PACs rich hasn’t worked so far, so I figure it’s due for a win. :D

/sarc


25 posted on 08/09/2011 9:09:12 AM PDT by Tzimisce (Never forget that the American Revolution began when the British tried to disarm the colonists.)
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To: yoe

26 posted on 08/09/2011 9:11:12 AM PDT by cranked
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To: yoe
Well, let's see. The first "stimulus" pushed us into the multi-trillion-dollar debt range. Still have a AA credit rating. Hmmm, let's see how much damage another "stimulus" does.

Captain on the bridge of the Titanic: "Looks like the first "stimulus" iceberg didn't sink her. Well let's go full speed ahead and see what happens. Good night."

27 posted on 08/09/2011 9:11:42 AM PDT by PapaNew
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28 posted on 08/09/2011 9:12:45 AM PDT by devolve (. . . . . . . . . . . . Fat & Furious - Burger & Fries Queen*s 1700+ calorie lunches . . . . .)
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To: yoe
“If Congress fails to extend the payroll-tax cut and the unemployment-insurance benefits that I’ve called for, it could mean 1 million fewer jobs and half a percent less growth,”

He's been wrong on everything so far.
Maybe the American people should just ignore him until 2012. Give him a gum wrapper to play with.

29 posted on 08/09/2011 9:14:11 AM PDT by concerned about politics ("Get thee behind me, Liberal")
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To: yoe

Maybe he can try the old Bush Tax Refund trick? Give refund checks to everyone, even those that don’t pay taxes. /s


30 posted on 08/09/2011 9:14:25 AM PDT by tobyhill (Real Spending Cuts Don't Require Increasing The Debt)
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To: yoe
“If Congress fails to extend the payroll-tax cut and the unemployment-insurance benefits that I’ve called for, it could mean 1 million fewer jobs and half a percent less growth,”

He's been wrong on everything so far.
Maybe the American people should just ignore him until 2012. Give him a gum wrapper to play with.

31 posted on 08/09/2011 9:14:30 AM PDT by concerned about politics ("Get thee behind me, Liberal")
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To: BuckeyeTexan
25th Amendment (partial).......

Section 4. Whenever the Vice President and a majority of either the principal officers of the executive departments or of such other body as Congress may by law provide, transmit to the President pro tempore of the Senate and the Speaker of the House of Representatives their written declaration that the President is unable to discharge the powers and duties of his office, the Vice President shall immediately assume the powers and duties of the office as Acting President.
32 posted on 08/09/2011 9:16:41 AM PDT by Cheerio (Barry Hussein Soetoro-0bama=The Complete Destruction of American Capitalism)
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To: Lazamataz
Obama is crashing the United States on purpose

Bingo

"When all logical explanations have been exhausted, it is time to look at the explanations you dared not believe."

33 posted on 08/09/2011 9:16:45 AM PDT by MindBender26 (Forget AMEX. Remember your Glock 27: Never Leave Home Without It!)
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To: Lazamataz
Obama is crashing the United States on purpose.

I can't believe people STILL don't see what is happening.

For the people who still don't get it --when you are in the middle of communist coup -- there typically isn't a big announcement that you are in the middle of a communist coup.

It only becomes really apparent when the breadlines start and your neighbors start disappearing.

But, by then, it's too late. Most are too hungry or scared to say much of anything.

34 posted on 08/09/2011 9:17:32 AM PDT by riri
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To: yoe
STIMULUS?????

IMPEACH IT NOW!

what a destroyer of American this turd is just like his butt buddy FDR

SPEND SPEND SPEND 1934


35 posted on 08/09/2011 9:18:01 AM PDT by Vaquero ("an armed society is a polite society" Robert A. Heinlein)
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To: yoe
“If Congress fails to extend the payroll-tax cut

Isn't this the same $hithead that wanted to *raise* taxes just one short week ago?

36 posted on 08/09/2011 9:19:45 AM PDT by kevao
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To: yoe

When one finds onself in a deepening hole, one should

STOP DIGGING.

More of the same isn’t the right answer. Too bad some are just not smart enough to realize more of the same isn’t the right answer. What’s that definition of insanity?


37 posted on 08/09/2011 9:19:59 AM PDT by TomGuy
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To: BuckeyeTexan

No, he’s a Marxist and doing precisely what is required to crash the economy. It’s his objective. He is now racing to get it done before 2012 elections. The Usurping Marxist and his band of angry commies have something up their sleeve to somehow displace the election. It’s the only explanation that makes sense of what is happening.

Onanda has lost the indie vote and is losing the young adult vote. Many of the brain dead college seniors who voted for him last time around are without doubt still looking for jobs—let alone good paying jobs. It also appears he’s also losing some of his commie base because he didn’t push us faster into the grasping arms of Marxism.

But the big deal is that everyone is being negatively impacted by his ideologically blind policies. I don’t believe even his neighborhood organizers and the unions will be able to invent enough votes to throw the election to him. Nothing he’s said since the budget bomb indicates he’s going to anything more than more of the same.

Therefore, IMHO we have a big surprise coming. It isn’t far off and it isn’t good.


38 posted on 08/09/2011 9:20:14 AM PDT by dools0007world (uestion)
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To: yoe

He cancelled all events and is having a secret NO PRESS meeting with high efficiency FUEL FOR cars people. [As if Ethanol is not already damaging boat and lawn mower motors and he is making a zillion in seafoam stocks.] (YEAH THIS WILL HELP US NOT! HE WILL PROMOTE AND ORDER OBAMA CARS!)

THEN...HE is having a I am sure closed meeting with Turbo Tax Cheater Timmy

Tuesday Aug. 9, 2011
All Times Eastern7:00 AM
8:00 AM
9:00 AM
10:00 AM
Obama receives the presidential daily briefing.
10:35 AM
Obama meets with industry officials to discuss their fuel efficiency standards.
11:00 AM
12:00 PM
1:00 PM
2:00 PM
2:50 PM
Obama meets with Treasury Secretary Tim Geithner.
3:00 PM
4:00 PM
5:00 PM

http://www.politico.com/politico44/index.html

This lazy SOB does not ever do anything until 10AM and he is announcing early He and Timmy decided another stimulus for trillions to pay off his fat cats and new ACORN and moveon.org and fund Pelosi’s wine farm, the study of chinese hookers and drug use and field mice is needed.

Obama could ask for a zillion dollar stimulus today and get it somehow and then when we are downgraded to A- then he will ask for another Zillion infinity quadzillion trillion billion stimulus and get it. And the MSM and DNC will still say it is the tea parties fault and Obama is their black Jesus.

HIS REAL SCHEDULE

Tuesday Aug. 9, 2011
All Times Eastern7:00 AM
8:00 AM SLEEP IN
9:00 AM SLEEP IN
10:00 AM Breakfast served in bed for a king
Obama receives the presidential daily briefing.
10:35 AM YAWNS and blackberries Soro’s and the TALLY BON during meeting
Obama meets with industry officials to discuss their fuel efficiency standards.
11:00 AM TELLS THEM MAKE SURE IT IS SO EXPENSIVE NO ONE CAN AFFORD THE FUEL MADE FROM PELOSI’S BOTOX JUICE LEFTOVERS-AND- ORDERS ALL TO DRIVE OBAMA SMART CARS
12:00 PM CALLS SOME TERRORISTS TELLS THEM HE IS WAIVING HIS ATTORNEY FEE
1:00 PM HELPS MO SHOP FOR HIGH END UGLY CLOTHES FOR THEIR MARTHA’S VINEYARD TRIP MO SCREAMS AT HIM BECAUSE SHE IS SICK OF HIM GOING TO HER FAVORITE BURGER JOINT W/O HER
2:00 PM MAKES SURE HIS PRAYER RUG HAS BEEN CLEANED FOR THE RAMADAN DINNER
2:50 PM
Obama meets with Treasury Secretary Tim Geithner.
3:00 PM GOES GOLFING IN SECRET
4:00 PM “ “
5:00 PM CALLS SORO’S and TELLS HIM AMERICA SHOULD BE FINISHED SOON AND THAT THEY NEED TO INTRO THE NEW WORLD CURRENCY SOON


39 posted on 08/09/2011 9:21:21 AM PDT by Dubya-M-DeesWent2SyriaStupid! (S&P wasn't worried about us not lifting the debt ceiling - they are worried about the spending)
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To: Republic of Texas

But wait, but wait, he can count to five with his left hoof, too!.


40 posted on 08/09/2011 9:27:58 AM PDT by JPG (Yes She Can!)
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To: tobyhill
What part of “there is no more money” doesn’t this idiot understand?

Saul Alinski referred to the middle class as "The enemy." According to him, they used most of the earths resources, had the large political numbers to win elections, and had all the money, when totaled together.
The object is to force the middle class into government dependence. Onoma is doing just that. This has nothing to do with "the rich." They'll be the target later. Right now, the Marxists need the political numbers, and the donations, to achieve absolute power.
After that, there's no escape for the rich - or anyone else.

Just read Alinski's books. His goal is to organize the poor to destroy the middle class. He comes right out and admits it. The radical lefts agenda is right in front of every ones face. All they have to do is look.

41 posted on 08/09/2011 9:28:46 AM PDT by concerned about politics ("Get thee behind me, Liberal")
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To: RexBeach

The unemployed spending those checks, could be seen as stimulating the economy. That being said, if it was a good idea, unemployment would never be limited.

Federal stimulus does not work. I suppose it could if you had unlimited funds, but it doesn’t work that way. Sooner or later you have to return to the free market system or you go belly up.

Unemployment benefits were intended as a stop-gap that people actually paid for themselves. It was not intended to be long term welfare or a form of the dole.

If people get a free pay-check, what’s the incentive for them to get back into the system? Welfare for nothing, or a higher wage for real work? Welfare of course...

Unemployment should not be extended.

You know all this, but it needs to be said so others can read it.


42 posted on 08/09/2011 9:31:11 AM PDT by DoughtyOne
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To: yoe

It didn’t work last time and won’t work now.

Insanity: “doing the same thing over and over again and expecting different results.”

Albert Einstein


43 posted on 08/09/2011 9:36:24 AM PDT by roaddog727 (It's the Constitution, Stupid!)
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To: dools0007world
lost the indie vote and is losing the young adult vote

If I may, let me relate a brief anecdote from this weekend, regarding a couple of young(er) adult white males.

I went out with a couple of guys over the weekend. One is a Dem, the other an independent who voted for Obama in '08. I'd characterize neither of them as "political", which is probably why we get along so well.

Talk *did* turn to politics, however, as we all agreed that our 401k's were taking a beating over the past couple of weeks.

The "independent" (and, more conservative one) said, approximately, "I voted for Obama because I thought he was different and I thought he could change the system. But it looks like he's just more of the same brand of BS politician. No way I vote for THAT again."

The Democrat agreed, though he said that he'd likely just stay home. "To hell with all of them." was his comment, approximately.

Me? I said nothing. They were doing such a good job of self-flagellation, that there was no more I could contribute.

I realize that this is just one anecdote. But I think that this kind of opinion shift is a lot more prevalent than any of us realize. Good news, IMHO.

44 posted on 08/09/2011 9:37:30 AM PDT by wbill
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To: RexBeach
"I would like to know how unemployment benefits stimulate the economy?"

It buys Votes for Democrats thus letting them keep their jobs.

Its that "Jobs created or saved" thing Obama talks about all the time...

45 posted on 08/09/2011 9:37:37 AM PDT by Mad Dawgg (If you're going to deny my 1st Amendment rights then I must proceed to the 2nd one...)
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To: Lazamataz
Laz, you are right. I think the plan has always been: Get a person like Obama who is a sorry, narcissistic, pliable "wannabe" in the WH. Groom and control him to be the front man for their Socialistic government plans to destroy Capitalism in America. Make sure the puppet is dependent on them...keep him isolated...and see that he does as much damage in four years as possible to the US. Push him to sign bills and start programs that strangle business, increase entitlement funds and government subsidies, and chip away at America's freedoms and religious base.

The people pulling Obama's strings (Soros, Jarret, Ayers, Pelosi, et al) knew that Obama could not maintain popularity beyond four years by doing what he has been...so they are prepared to have him there for just one term. They just wanted him to do whatever detrimental he could as fast as he could. That is why all the "changes" have come so fast and unstopped.

From his first day Obama has been busy signing bills and mandates (written by the Socialist string pullers) that have strangled the taxpayers and businesses. Until...what the anti-American Socialist Obama king makers did not count on ... the grass roots uprising of the TEA movement. The TEA people protested and brought focused attention to the reckless spending and behavior of Obama and his Congressional cronies. That is why the Libs and Obama are trying so hard to discredit the Tea partiers and their influence. It will backfire.

There comes a point when citizens (even those who are Libs) look in their own empty pockets and want a president who offers solutions, not excuses. We are at that time.

46 posted on 08/09/2011 9:37:55 AM PDT by CitizenM (He who is silent is understood to consent)
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To: DoughtyOne; All

See my last post and everyone needs to go below and copy it as POLITICO 44 actually reporting/admitting the market tanked while Obama spoke yesterday

http://www.politico.com/politico44/index.html


47 posted on 08/09/2011 9:38:18 AM PDT by Dubya-M-DeesWent2SyriaStupid! (S&P wasn't worried about us not lifting the debt ceiling - they are worried about the spending)
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To: Lazamataz
Absolutely.

Rush just asked, what would he do differently if he were deliberately trying to destroy the economy.

The answer is obviously nothing.

That's because he IS trying to destroy it on purpose. And doing a darned good job of it, too.

48 posted on 08/09/2011 9:40:35 AM PDT by ohioWfan (Proud Mom of a Bronze Star winner!)
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To: DoughtyOne

They updated it! Obama’s car czar is ‘leaving’

http://www.politico.com/politico44/wbarchive/whiteboard08092011.html


49 posted on 08/09/2011 9:41:16 AM PDT by Dubya-M-DeesWent2SyriaStupid! (S&P wasn't worried about us not lifting the debt ceiling - they are worried about the spending)
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To: cableguymn
F***ing idiot.



"The rebels have defeated our death star? We must build ANOTHER death star!"
50 posted on 08/09/2011 9:41:51 AM PDT by yup2394871293
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