Ugh, this is not good… former Clinton trade official and current member of the Obama administration’s economic advisory panel Laura Tyson said in Singapore today that the $787-billion plan Congress passed in February “will have a positive effect, but the real economy is a sicker patient.” She went on to say the plan turned out […]
The AP’s Matt Apuzzo yesterday examined Vice President Joe Biden’s first quarterly report of the Stimulus plan and found the picture to a bit more cloudy than the White House claims: Capturing the full effect of the stimulus at this early stage is difficult, but the administration has set high bars for success. In championing […]
I mentioned last week that the Government and Federal Reserve had spent, lent or committed $12.8 trillion, here’s video from stopspendingourfuture.org that helps put that in perspective: In short, we have spent more bailouts than we did on World War 2!
CNBC’s Rick Santelli seems to have struck a nerve with his impassioned rant against Pres. Obama’s home mortgage bailout plan. To be honest I’m not at all surprised, there seems to be disconnect between those inside the beltway and those outside. I tend to think most Americans instinctively don’t like the idea of the government […]
Drudge has been hyping this all afternoon… It’s hardly a revolt, but with the Dow industrials closing at a six year low of 7465.95 I think it’s safe to say the markets aren’t crazy about governments economic rescue plans.
The more we learn about the provisions of the recently passed stimulus law the more their is to be concerned about. Byron York writing in today’s Washington Examiner sniffs out a RAT buried in the stimulus law: You’ve heard a lot about the astonishing spending in the $787 billion economic stimulus bill, signed into law […]
CNSNews.com has two must read pieces on the stimulus laws healthcare provisions… The first deals with the plans National Medical Records System provisions: Stimulus Law Does Not Require All Americans to Enter Their Medical Records into National System, Dems Say By Josiah Ryan, Staff Writer, CNSNews.com, Tuesday, February 17, 2009 Two top House Democrats told […]
The final vote tally is in… The Senate approved the measure 60-38 with three erstwhile Republicans, Alren Specter, Olympia Snowe and Susan Collins providing the votes needed for passage. No surprise really we all knew Specter, Collins and Snowe would vote with the Democrats… While I’m not happy about it I’m not going to jump […]
It’ll be a while before we have the final tally as Senate Majority Leader Harry Reid intends to hold the vote open so that Sen. Sherrod Brown (D-OH) can return to Washington and vote later tonight. Right now it looks like the bill is going to pass there are 57 yes votes with three Democrats […]
Michelle Muccio offers a simple commonsense stimulus plan: I like it, suspending payroll taxes for a year would have a far more immediate effect than anything in the plan being rushed through congress. Personally, my idea of a stimulus plan would be: Make the Bush Tax cuts permanent. Cut the corporate tax rate from the […]
House Democrats today voted to pass the pork laden so called “Stimulus Plan” without a single Republican vote. The final tally was 246-183, with 7 Democrats joining all 176 house Republicans in voting no. 1 Democrat voted present. Update: Here’s a list of the Democrats who voted against the bill: Bobby Bright, Alabama Peter DeFazio, […]
I was all set to name Chuck Schumer the biggest idiot on Capitol Hill for his remarks on the stimulus bill this morning. Via Michelle Malkin: The Senate is about to pass the Turbaconducken stimulus package. Sen. Schumer took to the floor about 20 minutes ago to fear-monger. He referred shamelessly to the “economic 9/11″ […]
The senate voted 61-37 in favor of the $838 billion pork stuffed stimulus package. Erstwhile republicans Arlen Specter, Olympia Snowe and Susan Collins joined democrats in supporting the bill. Judd Gregg abstained. God Save us from bipartisanship!
I wanted to mention Sen. Tom Coburn’s Op Ed in the Wall Street Journal yesterday, but I didn’t get chance. Coburn gets right to the heart of the matter this pork stuffed crap sandwich “will not only fail to stimulate the economy, but could seriously delay economic recovery.” As the Senate considers a massive $1.1 […]
The Wall Street Journal has details on ongoing talks between auto industry officials and lawmakers on a plan aimed at reviving vehicle sales. Under the proposal consumers who replace older gas guzzlers with new fuel-efficient cars would be eligible for federal tax credits of as much as $4,500. Auto-industry officials are in advanced talks with […]