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Stimulating the economy
House Democrats mull spending money to build roads and extend jobless benefits
Tuesday, Oct. 14, 2008 | 2:07 a.m.
Although Congress and President Bush signed off on a $700 billion bailout package designed to loosen the nation’s credit markets so that businesses and consumers can borrow money, this country cannot afford to sit idly by and ignore other aspects of the economy that need help.
That is why House Democrats deserve credit for saying they would consider another stimulus package after the Nov. 4 general election of as much as $150 billion that would include money for roads, bridges and other infrastructure projects, jobless benefits, and states that are struggling to pay their Medicaid bills.
House Speaker Nancy Pelosi, D-Calif., made that vow Monday when she and fellow Democrats met with economic experts. When reminded that Democrats were criticized for approving a bailout bill pushed by the Republican Bush administration, Pelosi told the Associated Press: “If it’s going to happen that way, we might as well write the bill ourselves and do the right thing for the American people.”
A stimulus package that pours money into roads and bridges is appealing because it would create jobs and improve the nation’s rapidly aging infrastructure. Extending jobless benefits would help those hurt the most by the slumping economy by giving them more time to search for employment.
It will take bold leadership to pass such a package, the type that was on display when British Prime Minister Gordon Brown announced Monday that his country would temporarily take over its leading banks and halt cash bonuses to bank board members. Those banks will also be ordered to lend more money to small businesses and to struggling homeowners.
We believe Pelosi is up to the task of passing a stimulus package that could help the average Joe and pump new life into the economy.
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With a Democratic controlled House and Senate.....Obama will bust the bank.
Obama everyday comes up with new tax breaks and new spending plans of which all of it will be charged to our children's credit card.
The Democrats are trying to bribe thier way into the white house.
Obama might become the trillion dollar man.....that is the first President generating trillion dollar annual budget deficts!!!!!!!!
Jim, instead of claiming you know what WILL happen, why don't you tell us what has ALREADY happened with the Republicans in control of the Congress & the presidency for six years?
Obama will bust the bank?????????
Bush already did that. It is time to face reality. The bank is in the red and has been for a long time.
"Patty":
The liberals push big spending, bigger now since 2006, big socialism and - meanwhile - undermine our debt/mortgage system so just before an election = the social communists can pork-out some more, spend more and waste more.....
Democrats effort losing a war AND tanking an economy; just for a few seats more....
"Obama everyday comes up with new tax breaks and new spending plans of which all of it will be charged to our children's credit card."
Ain't it da truth!!! Wonder what new big-spending thing Barry will introduce today?
The (Rs) controlled the Congress for FOUR years, not SIX = as you'd been blasted out on before = but, back with the propagandastic wail, eh, "Patty"! Gotta be that indoctrination and brainwashing......
You seem to have an extremely narrow view of the world and this financial crisis.
Europe is investing $2.4 trillion in its collective economies (Their collective economies = US economy). This money will not only stabilize their financial system it will also assist in saving hundreds of thousands of jobs in Europe and keep their citizens off the public dole.
This investment in the long run will cost of fraction of what it could cost countries in unemployment, medical, tax revenues and so on. This investment also shortens the life of a recession.
Our country needs a life raft, if you don't want to jump in fine swim for yourself, but I choose saving jobs and a shorter recovery time
Obama's Happy Meal Plan
The corner stone of Obama's fiscal recovery plan is the tax cut for 95 percent of workers and their families with a tax cut of $500 for workers and $1000 for working couples.
Since 44% of American worker do not pay federal income taxes they will receive an annual welfare check.
This will provide a 20 year old worker $1.37 per day, and a family of four where both parents work will get $2.75 per day.
Homeless people will get their money thorough the local community organizer.
This money will allow you to buy a happy meal everyday for the rest of your life.
The best part about this is that the top 5% of the rich people will have to pay for this. Each day a rich person will be buying a happy meal for 20 poor and middle class people.
Isn't Obama's happy meal redistribution economic wonderful.
This annual bribe is enough for me to vote for Barack Obama and all Democrats. Change you can believe in.
Barry Obama proposes giving the people peanuts - while downloading truckloads of wealth - to fund his "Obamunist" paradise.
Hey "JustTheKoolAid" - none of this would be happening except for liberal economic legislative subversion over the last 15 years.
Where's MY "happy meal", Barry??
Yeah, just stick to your moronic script. No plan needed, just contort the other guy's plan so that no one realizes yours is non-existent.
The Democrats seem not to care if Obama becomes the trillion dollar man who will generate more, more, more and debt to bribe the Amercian voter to get him elected and to get him re-elected.
Obama's "bribe" as you call, of American jobs is far better than McClueless' plan of; what was his plan again?
Oh its millions of Americans on unemployment and welfare.
If government spending money, "Creating jobs" and increasing jobless benefits actually worked do you really think the Depression would have lasted more than a decade?
The New Deal was the name that United States President Franklin D. Roosevelt gave to a sequence of programs he initiated between 1933 and 1936 with the goal of giving work (relief) to the unemployed, reform of business and financial practices, and recovery of the economy during The Great Depression.
The "First New Deal" of 1933 was aimed at short-term recovery programs for all groups. The Roosevelt administration promoted or implemented banking reform laws, emergency relief programs, work relief programs, agricultural programs, and industrial reform (the NRA), as well as the end of the gold standard and prohibition.
A "Second New Deal" (1935--36) included labor union support, the WPA relief program, the Social Security Act, and programs to aid farmers, including tenant farmers and migrant workers. The Supreme Court ruled several programs unconstitutional; however, most were soon replaced, with the exception of the NRA.
Most of the relief programs were shut down during World War II by the Conservative Coalition (i.e. the opponents of the New Deal in Congress). Many regulations were ended during the wave of deregulation in the late 1970s and early 1980s. Several New Deal programs remain active, with some still operating under the original names, including the Federal Deposit Insurance Corporation (FDIC), the Federal Housing Administration (FHA), and the Tennessee Valley Authority (TVA). The largest programs still in existence today are the Social Security System, Securities and Exchange Commission (SEC), and Fannie Mae.
It was WWII that got us out the depression.
I doubt if you find many economist that will point to New Deal programs.
The New Deal did very little to "recovery of the economy during The Great Depression"
Social Security System and Medicaid/Medicare will one day consume the entire budget.
Fannie Mae buying up worthless poor quality sub-prime (especially starting in 2004) so that more minorities can get into homes is one the core reasons for this mess we are in.
SEC has done an oustanding job regulating mortgage investments.
So expect trillion dollar man Obama to jack up the debt.
So nance, what is McClueless' plan?
Just the Facts,
Many of the worker programs and spending programs actually started with Hoover.
The Depression actually lasted from about 1929-1945, once production was returned to consumable products and wage and price controls were lifted allowing much of the economy to return to normal.
And thank god the NRA was shut down, even El Duce condisered that a fascist institution.
He's the TRILLION DOLLAR MAN!
He's an AY-RAB!
He's hang's with TERRORISTS!
He's a HUSSIEN!
He's BLACK!
He's NOT BLACK!
He's BARRY!
He's educated at an ISLAMIC MADRASSA!
He's HARVARD EDUCATED!
He's got a secret deal with the EYE-RACKI'S!
He's responsible for our economic RUIN!
And NOW he wants to give average Americans a TAX BREAK???!!!
Well, I've had enough. I'm going to go register TODAY, THE LAST DAY IN NEVADA to REGISTER TO VOTE, and cast my ballot early for Mr. Obama, because you right-wing nutjobs are driving me crazy with your inane, inarticulate, unfounded, innacurate and in some cases just plain made-up
B.S.
You're not going to "scare" people into not voting Obama/Biden. We're already plenty scared
about the way things are going. Get Jeb ready, republicans. I'm sure you'll annoint him King next.
The U.S. really has only one political party, the RepubDems or the DemRepubs depending on your preference, which represents and protects the interests of the wealthy class. Living in their opulent mansions, Obama and McCain have more in common with each other than they have with any of their most zealous supporters. Its all about obtaining and keeping POWER. Obama is not Ghandi and McCain is not Eisenhower.
I am still waiting for a responce to the question "What is McCain's plan?".
Their "plans" are irrelevant, Jack, because we don't have unlimited resources anymore. We're now competing with 3 billion people in Asia who want to gorge themselves the way we have for the past 50 years. The party is over. In case you haven't noticed, the Chinese have all of our money. We conquered Iraq to secure the petroleum concessions for Chinese industry. The Chinese paid for the war and now they're going to get the spoils.
McCain's $52.5 billion plan would eliminate taxes on unemployment benefits -- a measure that could affect 3.6 million Americans who receive such benefits, according to the campaign.
If the government eliminated taxes on unemployment benefits, recipients would see an increase on average of nearly 10 percent, the campaign said.
"It's unclear to me why the government taxes money it just sent you," McCain said Today. "We should relieve this burden from Americans who have been hit the hardest."
McCain is also proposing reducing the tax rate on retirement accounts to 10 percent on the first $50,000 withdrawn. The campaign estimated it would affect 9 million people over the age of 60.
"Retirees have suffered enough and need relief, and the surest relief is to let them keep more of their own savings," McCain said Today.
McCain's plan would also cut the capital gains tax in half, to 7.5 percent, for the next two years.
Gordon....Bush has not generated an annual trillion budget deficit.
Obama will probably do that.
It seems every second is promise more and more tax cuts and new spending programs.
Obama is trying to bribe the American voter.
Gordan if you are going to use that as your standard, then you are going to have to say that Clinton never balance the budget.
Using that tool, each year it shows the public debt going up by hundreds of billions under the Clinton adminstration.
Obama has not specified one bit of cuts.
He has almost weekly come up with new tax cuts and new spending programs.
Obama is trying to bribe the American voter.
Gawd, look at the libbies spin-HARD to get their socialist fraud, err, I mean candidate, Barry Obama over the top.
Gordon has his head up his azz if he thinks Barry's deficits will be less than what Bush didn't veto from the spend-happy Congress. There are NO spending cuts from Barry.
IF the libs get to foist their "New, Really New Deal" on America = well, FDR ran deficits of 40-50% annually during it. Compare that to the 6-7% averages (even with the emergency spending) Bush was POTUS for.
Will we see the same from Big-Money Barry? We WILL see it from Frank, Dodd, Schumer and Pelosi if they can get their way.
The lies "hurt" McCain more than Barry because the Liberal Socialist Democrat (LSD) have become the penultimate party of liars. Politics by Lie = the LSD!
Seriously, where do you come from? You always conveniently collapse liberal and democrat together and throw in socialist because AM radio tells you to. Wake up, and realize that Bush pushed this bail out. Also Bush ran far higher deficits than just 6-7% This explains why the national debt has skyrocketed under him. He's paying for the Iraq and Afghanistan Wars on credit. We just paid off the bailout on credit. WE are in a whole because W. spent and spent and spent. We need a period of respite from this. Until you are able to see the faults within your own party, you shouldn't be criticizing the other party.
BTW guys, this guy is the same one who thinks it's treasonous to oppose the Iraq War or to voice opposition to the war. Great job shredding the first amendment.
"Seriously, where do you come from? You always conveniently collapse liberal and democrat together and throw in socialist because AM radio tells you to. Wake up, and realize that Bush pushed this bail out."
Bush was presented with 15 YEARS of dumming down mortgage requirements until the only "left" over were those who use child-support / unemployment checks AS proof of income.
Bush was presented with this ROT as "where the "buck" stops". This is a real threat to all of us, presented to all of us by YOUR side via Frank, Dodd, Waters et all = squeezing, juiceing, book-cooking (Raines/Johnson) - that "buck" until it became too large to have Barney Frank and Chris Dodd lie about anymore.
This sucked-out, rotten "buck" BY the liberal Democrats given to Bush as "on his watch" almost now negates the meaning of those sayings.
Why don't you read some truth. I'll allow you the courtesy of eating your words in private!
http://www.ibdeditorials.com/IBDArticles...
The Bush Administration / Republicans warning and warning through the - to deaf and dumb liberal Democrats (blocked it or threatened to filibuster) who had QUOTAS through the FMs as to production of minority sub-anythingreal mortgages annually.
xxxxx
"TW guys, this guy is the same one who thinks it's treasonous to oppose the Iraq War or to voice opposition to the war. Also Bush ran far higher deficits than just 6-7% "
Really? SHOW my posts here calling any cowardly-libbies "treasonous"?? WHERE HAVE I EXPRESSED THIS? The only expressions I'm aware of are the weekly beatdowns of delusional liberals. I have not called anti-peacebywinningthewar liberals out like that. I think you're lying! Prove you're not a liar, as you made the statement!
xxxx
"Great job shredding the first amendment."
You are as laughable a debater as I have ever seen.
xxxx
Congress appropriates money. The POTUS "spends" NOTHING that Congress didn't approve first, ims. The liberals in Congress also just kept spending, and cooking books and lying about the FMs stability and undermining America itself.
The post-2006 Pelosi House and Reid Senate just kept on rubberstamping Bush's requests and tacking on MORE. NEVER taking on Bush to CUT anything, but to fight for tons of increases. Cowards and enemies of the state = liberal Congressionals.
The only employment that has risen this year is government employment. Who is going to pay all these workers. Enough already.
Yes you did bub. Better remember your own words next time.
Posted on: Iraq war is tearing this country apart
1) Prove it!
"The following quote is from his memoirs currently found in the Vietnam War memorial in Hanoi:
"What we still don't understand is why you Americans stopped the bombing of Hanoi. You had us on the ropes.
If you had pressed us a little harder, just for another day or two, we were ready to surrender! It was the same at the battles of TET. You defeated us! We knew it, and we thought you knew it.
But we were elated to notice your media was definitely helping us. They were causing more disruption in America than we could in the battlefields. We were ready to surrender. You had won!"
xxxxxxxxxxxx
From the memoirs of General Vo Nguyen Giap, who was the commander of the North Vietnamese army
http://www.freerepublic.com/focus/f-news......
2) Fonda, a traitor in any definition, was wrong to cavort and laugh while in a gun turret as American warplanes passed overhead.
3) Libel, slander, "yelling fire in a movie theater" (a Supreme Court Decision metaphor for creating panic, terror and fear where there is none), death threats etc are free-speech violations.
Your "jackboots" woof is irrelevant, as the active undermining of America not by truth, but by liberal lies, spin and active propaganda which assists America's enemies IS treason - conviction or not.
Aid and comfort to the enemy in armed conflict with Americans in harm's way IS treason. America's enemies KNOW who their friends are!
Since the times of John Adams, citizens have not been arrested for mere criticism of the President. Today's Democrat liberals have gone way above the pale since during Vietnam.
Clinton: Never was subjected to being dragged through the anti-American United Nations - he just hijacked NATO and went to war.
Ran an ineffective bombing campaign while on the ground - Milosovic and Raditic(sp, but just captured day before yesterday) and their ilk SLAUGHTERED TENS OF THOUSANDS ON THE GROUND = the mass graves etc.
It was only when Clinton (who the other side knew didn't want to sustain American casualties) HINTED of introducing American / NATO ground forces = Milosovic CAVED and everyone headed to Dayton to work it out.
God bless America and her freedoms - it gives liberals and their global anti-American friends / accomplices cover to = undermine-her-and-degrade-her "through the night with the light from above" (oops, that was a religious reference, another liberal issue of decades-worth of attack!!
(Suggest removal) 7/25/08 at 4:19 p.m.
you said opposing the Iraq War is treason. Read and weep.
NOWHERE in this very fine example of liberal beat-downs do I say "opposing the Iraq War is treason".
"Aid and comfort to the enemy in armed conflict with Americans in harm's way IS treason. America's enemies KNOW who their friends are!"
I mention aid and comfort during armed conflict and how America's enemies KNOW their friends are American liberals - and how lies, spin and liberal propaganda which assists America's enemies IS treasonous - and voices my OPINIONS on this one of what has become many, many liberal beat-downs and a lot of fun!
I simply did not say - in your served-up rehash - that "opposing the Iraq War is treason". You'll have to alter my quotes (a serious crime on self-respecting boards -do not know about here??) to make it say what you need it to?? You may imply what you want - but it seems it is you who needs a reading comprehension tune-up.
Obviously, Jane Fonda is not a "traitor", since she was seemingly protected and never was tried. My OPINION is that she was and is. Hers was another war though, wasn't it?
What about all those warnings and holler-outs from the Bush Administration while the Congressional LIBERAL blocked or guilted or threatened filibusters and lied and covered up for the sub-prime / The FMs - mess? What's "regulation" when the laws have been SO hollowed out BY liberals over the last 10 years?? No changing the subject - for you - from liberals creating this economic mess. No challenge there on the facts re: link, huh??
You are debunked on the YOUR first-count and non-responsive on the SUBJECT or RESPONSE itself.
It was nice reading myself again! Thanks for the memories! The liberal opposition here has hollowed out in a squakking-talking-point parrot frenzy since then - to make in the last 6 weeks or so = a VERY boring board.
As per usual, not one of the little 'bots has a word of fact or substance to present.
And not ONE of them addressed my very, very specific question.
Gentlemen (and I use the term loosely), why not try (just once) to cite a RELEVANT NON-PARTISAN SOURCE for any of your screeds?
One last thing, NV, if you cannot address me by my NAME, DO NOT address me at all. I show you proper respect in addressing you by your board name and I will accept nothing less in return.
BTW, you have yet to "beat down" anyone on these boards but if telling yourself that helps you sleep at night, have at it.
nope, you were saying how liberals stating Bush's lie got us into war was treason. You said it, sorry bub. In any case, how's McCain doin in the polls? Maybe he's losing badly... maybe his electoral map is looking like Smurf village? Get over yourself. It is seriously funny watching you not make a point, and then pat yourself on the back about how great you are. By the way, how Palin doing? Stumbling in debates... can barely bring out relevant points, or answer them for that matter. I'm still laughing that she wants to ban abortion even in the case of rape and incest. I also like how she made rape victims pay for their police rape kits. Maybe budgetary zeal or overzealous religion getting in the way of women in need. Either way disgusting enough for the Alaskan legislature to ban the practice. Really moving the ball ahead aren't ya?
"You said it, sorry bub" (after not being able to prove it??). The cry of denial howling into the dead of loss and self-embarrassment, yes!
Ah, the lament of the self-de-bunked? I see it is, yes.
Rambling all over the place - after de-bunking yourself hard - tells we all how deep your loss hits you.
Your Palin take is as shallow as your whiny self-debunking. Do you really think changing the subject after your self-inflicted loss, has meaning = or, are you just flailing wildly? Both, it seems!
Try and find some truth while I savor this........
Keep on talking big. I'll be laughing it up all Tuesday night when Obama wins. And the Palin take is the truth, and is definitely something that scares women.
also it's hilarious, why don't you let someone other than you "declare" a winner. When you say you win, it's like when the McCain campaign released its own "report" about troopergate. And FYI, you said worse before that quote, I just had to sift through almost 20 pages to find it. Trust me, you said speaking out against the Iraq war is treason. You tried to couch it in terms of "liberal lies", but in any case even if they were "lies" ,it is still not treason. Trust you said, so quit trying to squirm out of it.
"Trust me, you said speaking out against the Iraq war is treason. You tried to couch it in terms of "liberal lies", but in any case even if they were "lies" ,it is still not treason. Trust you said, so quit trying to squirm out of it."
Look at you struggle for relevance? "so quit trying to squirm...."? Laughable and weak your "argument" has become. You embarrassed yourself. You haven't laid a glove on me in this!
Really. PROVE I posted here that "opposing the Iraq War is treason". Your words trumpeted LOUD, not mine = as I have easily and painfully (for your embarrassment, lol) proven not to be true.
What makes you think you're in this argument anyway. Reduced to "trust me"??? REALLY??
xxxxx
" you said worse before that quote, I just had to sift through almost 20 pages to find it. "
Why don't you go back, waste your time finding it = so I may enjoy reading myself once again while rhetorically laughing at you? Go on ahead!
WAAA, "trust me"? POUT, "quit trying to squirm" = LOL, LOL, LOL.
Thanks for a satisfying morning! I love the smell of your whiny capitulation in the morning.......
OH, yeah, "ferret"?
STILL ignoring the FACTS (of the subject of the thread) linked above to pursue this (must-be) deflating self-debunkment of yours?
How many times did the Bush Administration holler at the liberals (who either blocked, or threatened filibuster) to tighten-up the FMs to keep them stable?
WHO were the liberals who were mandating more and more bad-loans be purchased by the system of the FMs??