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Monday, Feb. 23, 2009 | 2:03 a.m.
The writing of the whole stimulus package sent chills down my spine. Now is the time to right the wrongs of this bill and take out all the remaining pork and entitlements put in there by our dubious congressmen for once and for all.
In addition, an idiotic plan will release money to help irresponsible homeowners get lower interest rates or direct financial aid from the very lending institutions that got this country in this mess in the first place.
How do you justify that 94 percent of normal American homeowners have made all their mortgage payments on time and this proposal rewards deadbeat homeowners with a bailout option?
This is not the way to encourage good citizens of this great country to continue to do the right thing.
It makes law-abiding citizens lose all confidence in strict government controls, and will ultimately cause a taxpayers’ revolt throughout this nation in the very near future. The majority of American homeowners will not tolerate any more ignorance from our legislators.
Stephen You said "It makes law-abiding citizens lose all confidence in strict government controls, and will ultimately cause a taxpayers' revolt throughout this nation in the very near future. The majority of American homeowners will not tolerate any more ignorance from our legislators."
I think there is a good chance that this may happen. The way in which this stimulus package was put together was a travesty. An 1100 page pig that no one, including Obama, had completed reading before it was signed into law.
With any broad based legislation, there are bound to be inequities compensating the lazy, and irresposible is one of them. This piece of legislation is a major welfare program that the democrats love.It will be paid for by all of us,when tax rates are increased soon to pay for it.
You will note that there was nothing in the stimulus legislation to help those who lost 40% of the value of their 401 Ks and IRAs--the liberal attitude must be that anyone with a 401k or IRA is rich, so why soften the blow of this devastation.
Also, there was no relief from the tax burden on medical deductions. Currently 71/2% of adjusted gross income is deducted from everyone's nonreimbursed medical expenses before the first dollar of these expenses can become an itemized deduction. Why wasn't this law changed to permit all nonreimbursed medical expenses to be deducted?
On 2-22-2009 in her maiden visit to Beijing China, and just 5 days after Obama signed the Stimulus II, Hillary Clinton pleaded with the Chinese to continue to buy U.S. Treasury bonds.
During the campaign Clinton and Obama both said American reliance on Chinese bond purchases was making the U.S. dangerously dependent on China.
Did you see Liberal E.J.Dionne Washington Post column today? He said:
"".Obama's [State of the Union] speech Tuesday, according to his lieutenants, will be another effort to make clear
- that he understands how bad the situation is
- while also conveying hope and assurance that prosperity lies at the other end of his policies.
This complicated two-step has become the greatest rhetorical challenge of his presidency. [Spin and more spin]
Empty optimism would look out of touch, but unalloyed pessimism would only deepen the loss of confidence that is, itself, a cause of the downturn.
Joseph Kanfer, the chief executive officer of GOJO Industriessaid he admired Obama's emphasis on experimentation.
"I think everybody agrees that nobody really knows what to do, so it's really reassuring to know that he's taking an experimental attitude."
But Kanfer worries that if the downturn persists, "people will say, 'Give me somebody who knows the answer.'"
http://www.realclearpolitics.com/article...