Monday May 28, 2012

Obama faces tough week; stimulus, bailout on tap

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  • 0

    Altria

    "Stimulus, bailout on tap"

    Put this round on the taxpayers' tab, will ya Sid.

  • 0

    VOR

    President Obama versus the usurper Pelosi.

    He did it to himself, he told the American people he had a plan but it turns out he didn't so he puts it on Pelosi's lap and now he has to figure out how to assert himself. Weak, very very weak.

  • 0

    Molenir

    Have to agree, so far Obama hasn't shown himself as being much of a leader. He doesn't work with people well either. Regarding the 'spendulus' bill. Very sad this boondoggle looks like it will pass. Very sad for America and the world. 6 months from now when we realize what a complete and total failure this was, they'll have to try again. This time adding in some tax cuts in order to actually stimulate the economy.

  • 0

    VOR

    he's actually more comfortable voting "present" then actually taking a position. we'll see what happens tuesday and then the real time to show leadership, knocking Pelosi up the side the head with a strong message she is not the president. Yes, tuff week for the wet behind the ears president indeed.

  • 0

    adaydream

    Sen John McCain, R-Ariz, a vocal critic of the stimulus bill, complained that Republicans won’t be involved in the final negotiations. “That’s the way the Bush administration, when we Republicans were in charge — that’s the way we did business,” he said. “But I thought we were going to have change.”

    Republicans could have helped shape the house version and they stayed absent. I don't know what they thought. Maybe if they stayed away it would just disappear.

    Nope didn't go away. You mean these duly elected officials will be passing a bill that has been finely crafted by both parties (their participation was only limited by their ability to want to find the secret meeting rooms) and put together with the American people needs always in the forefront of consideration.

    This was as bi-partician as the republicans wanted to make it. < :-)

  • 0

    VOR

    bull. the Republicans were not only present they submitted ammendments that were rejected by the Democrats along party lines.

    don't forget, there are quite a few blue dog democrats that share the same concerns of the republicans and if you really look at it fairly there is more bipartisan support for a better stimulus package.

  • 0

    adaydream

    Apparently there wasn't enough support. < :-)

  • 0

    skipthesong

    Why doesn't he just simply take out all things not related to the economy directly and get it passed?

    Oh, no never mind, that would be 85% of the bill and Nancy wants what she wants.

  • 0

    bebert

    “To get any Republicans at all, you had to adopt a cut that’s going to mean policemen and firemen are going to be laid off,” he said.

    Typical response by a career tax & spender. These California and New England Democrats have ruined their own states, now they want to spread their "solution" to the rest of the nation. And Obama knows this bill has pork and failure written all over it. You know, I actually feel bad for Obama, to be stuck in the party with the likes of Pelosi, Waxman and Fudgy the Whale (Barney Franks).

  • 0

    skipthesong

    that’s going to mean policemen and firemen are going to be laid off" first of all, shouldn't this be up to the local level? And if that is the case why are they asking for such ridiculous items like Frisbee parks? What has the NEA got to do with the economy may I ask?

    I really hope who ever is holding out is holding out because they feel its not a good bill and not just for political purposes.

  • 0

    Madverts

    Republicans have lost their credibility on the stimulus issue.

    "Those who presided over the last eight years -- the eight years that brought us to the point where we inherit trillions of dollars of deficit, an economy that's collapsing more rapidly than at any time in the last 50 years -- don't seem to me in a strong position to lecture about the lessons of history," Summers told ABC's "This Week."

    Couldn't have said it better.

  • 0

    VOR

    "Those who presided over the last eight years -- the eight years that brought us to the point where we inherit trillions of dollars of deficit, an economy that's collapsing more rapidly than at any time in the last 50 years -- don't seem to me in a strong position to lecture about the lessons of history," Summers told ABC's "This Week."

    And by increasing the debt another 1 trillion dollars, the Democrats and the mainstream media think this is going to fix the problem. Talk about a credibility deficit.

  • 0

    Badsey

    Would this economy be any better with McCain as President? I would say no.

    Cutbacks need to be made (tighten the purse strings)

    -stop Iraq war. =$$$B -reduce military in areas that don't need it (Japan,Korea,Germany etc)

    +assist in education loans +help expand innovative companies +efficiency in energy use

    The U.S. gov can not pay for everyones problems and people need to learn how to fix their own problems = best thing for everyone long-term. Change is hard and people that cannot change will have more difficulty than those that can.

  • 0

    yabits

    Have to agree, so far Obama hasn't shown himself as being much of a leader.

    What? You mean he hasn't scheduled his first vacation yet?

  • 0

    IcingDeath

    I still say give him time. The fact that people are already trying to crucify the guy just further highlights the fact that people placed to much expectation on him. I admit though, this bill should have been created in the white house far away from Sith Lord Pelosi.

  • 0

    usaexpat

    The stimulus bill at the end of the day is merely throwing money around and hoping something sticks. What we need is help for homeowners to stop the continued real estate slide. If we don't see recovery in home values and an end to forclosures we aren't going to see economic recovery. I'd like to add that Barney Frank has no credibility at all. The man got over $40,000 in campaign contributions from Fannie Mae and was romantically linked to one of its executives. Need I say more as he was Fannie's biggest defender in the house.

  • 0

    yabits

    And by increasing the debt another 1 trillion dollars, the Democrats and the mainstream media think this is going to fix the problem.

    This is not true on many levels. First, there is not just one thing that can be described as "the problem." There are a whole raft of problems, made worse by all that has happened since the time when the US federal budget was in balance and surpluses were projected.

    There is an underground reservoir of undetermined size that represents the talent and wealth-creating capability of a nation. The package represents actions that attempt to cut through the obstacles that make us unable to tap that reservoir. Lack of trust and negativism are among the key obstacles. (There are many others.)

    The Republicans have had their opportunity to stand watch while the nation was run into the ground. The Democrats deserve their opportunity to get things back on track. Democratic leaders have been in this situation before, after the Republicans ran the nation into the Great Depression.

  • 0

    adaydream

    usaexpat we need jobs. The best way to stop foreclosures is to get these people jobs. Jobs will solve many things. People can pay for their homes, spend money in the community and stimulates taxes. < :-)

  • 0

    Molenir

    No, you obviously don't understand history or economics. Republicans did allow the country to slide into recession, and their attempts to fix it failed, but what really caused the depression to last 10 plus years was the "fixes" the democrats enables. Fixes that held down the market forces that would have propelled the economy back into the black. It wasn't until late in the 30s, after some of the measures were ruled unconstitutional, and others were repealed that the economy started going again. And even still it wasn't until the wholesale revocation of certain regulations in WW2, that the economy went to boom.

    The point being, you can't blame the situation on a party. Only on the policies being enacted. The ones the Democrats are choosing to push will lead to a longer recession if not a depression. Some Republican suggestions, IE cutting taxes, actually have merit. Others like trying to reinflate the housing bubble do not.

  • 0

    yabits

    And even still it wasn't until the wholesale revocation of certain regulations in WW2, that the economy went to boom.

    And yours is a very selective and slanted view of history.

    There is no question that WWII, when viewed in terms of US government spending as a percentage of GDP, was the largest spending package in US history and dwarfs the package being proposed by President Obama.

    Republican historical revisionists are hard-pressed to explain how the nation's economy could have taken off after that much stimulus -- read: debt -- was piled up, but take off it did. The problem with FDR's measures were that they were half-hearted and equivocal, exemplified by his attempt in 1937 to rebalance the federal budget, which pushed the nation back down again.

    The point being, you can't blame the situation on a party. Only on the policies being enacted.

    Sorry, the policies come out of philosophy. And it is not just idle coincidence that the two most dire economic crises the US has faced over the past century have occurred after the Republicans had unbridled control of the levers of government in Washington, to put their wrong-headed philosophy into practice. Republican control throughout the 1920s led to the Great Depression. Republican control through most of the last decade has led us to the situation we face now.

  • 0

    VOR

    Democratic leaders have been in this situation before, after the Republicans ran the nation into the Great Depression.

    and what did the Democrats do...they made it worse.

  • 0

    yabits

    and what did the Democrats do...they made it worse.

    It only goes to show you can fool some of the people all of the time.

    Landon, Willkie, and Dewey sure tried to sell that to millions of Americans, but the bad taste of Republican snake oil was still fresh in their collective memory.

    The picture here is of a ship of state in the year 2000 with a steadily growing economy, balanced federal budget, and projected surpluses. And what did Republicans do? They ran it aground. Now, in 2009, the losers stand around and complain that the new captain can't or won't get the grounded ship off the shoals fast enough. Their solution? More of the same misguided navigation that got the ship where it is.

  • 0

    GJDailleult

    These California and New England Democrats have ruined their own states, now they want to spread their "solution" to the rest of the nation

    You might want to check the stats on the per capita GDP by state there, sure looks awful "red" down there towards the bottom where the tax cut "solution" is coming from. I guess you are saying that problems now in Cal and NE are due to Democratic policies, and have nothing to do with the collapse of the US financial system and the bursting of the Ameribubble. Nasty Democwats! Anyways, keep up the good work Republicans. Deck chair arrangement is a very important thing, very feng shui.

  • 0

    VOR

    Their solution? More of the same misguided navigation that got the ship where it is.

    So the solution yabits is more of the same misguided navagation? I don't agree with you much but you certainly described yourself and others with the same cluttered thinking in your previous post rather well; "It only goes to show you can fool some of the people all of the time." This ain't new direction ding dong, this is more government overspending. This is the fleecing of America.

  • 0

    Molenir

    I guess you are saying that problems now in Cal and NE are due to Democratic policies, and have nothing to do with the collapse of the US financial system and the bursting of the Ameribubble.

    I can't speak about whatever problems New England is having, as I'm not really familiar with the problems or issues facing that area. California on the other hand is a state I'm well acquainted with, and so I feel a bit more confident addressing that issue at least. Perhaps you remember Schwarzenegger trying to pass a series of initiatives a couple years ago. They failed. Had they passed, it would have addressed a lot of California's problems. Unfortunately, the recession is aggravating their already serious issues. To put it simply, years of Democratic policies have run California, a state which by any reckoning should be a huge economic engine, into the ground.

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