Last week, I noted Kentucky radio talk show host Leland Conways campaign to send Democrat Sen. Chuck Schumer bags of pork rinds in response to his arrogant claim that Americans dont care about the pork in the trillion-dollar-porkulus.
Guess what? Conways call produced a mountain an estimated 1,500 pork rind bags that will be packed up and delivered to the Schmucksters office. Yes, they care:
Guess hell just dismiss Central Kentucky taxpayers as more of the chattering classes
As President Obama prepares to sign the $787 billion stimulus bill, administration officials sought to temper expectations, warning that the economy has not yet reached bottom and that increased economic activity as a result of the legislation would take time to show up in the statistics.
Mr. Obama is spending the holiday weekend in Chicago and is expected to sign the bill on Tuesday in Denver, kicking off another campaign-style trip to drum up support for the stimulus package. There will be signs of activity very quickly, David Axelrod, the White House senior adviser, said on Fox News Sunday. But its going to take time for that to show up in the statistics. The president has said its likely to get worse before it gets better. He added that the economy would most likely not begin gathering steam until the second half of the year.
Note he doesn't say which year ...
Robert Gibbs, the White House press secretary, echoed that sentiment on CNNs State of the Union, saying that while the stimulus package will put the country on the right track, it is safe to say the economy has not reached bottom.
Lindsay Graham, one of the Republican senators who voted against the stimulus bill, said the nationalization of the banking industry should not be taken off the table as Congress looks for ways to shore up the teetering financial system. This idea of nationalizing banks is not comfortable, Mr. Graham, who is from South Carolina, said on ABCs This Week With George Stephanopoulos. But I think we have gotten so many toxic assets spread throughout the banking and financial community throughout the world that were going to have to do something that no one ever envisioned a year ago.
Republicans, bolstered by their coordinated opposition to the package, remained on the offensive over the weekend. On CNN, Senator John McCain continued to brand the stimulus bill a generational theft, and accused Mr. Obama of not reaching across the aisle despite promises of bipartisanship. The measure gained the votes of only three moderate Republican senators in the Senate. No Republicans voted for it in the House.
Lets start over now and sit down together, Mr. McCain said.
Posted by: Steve White ||
02/16/2009 00:00 ||
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#1
Such a big rush to jam the pig (the stimulus bill) through the python (Congress) and Obama takes a very long weekend off & has yet to sign it. What was the rush all about, besides bypassing any rational discussion/deliberation by anyone?
#3
The infrastructure fixes could float quite a few local economies. Negotiated rents/buy payments are already replacing foreclosures. Children are often supporting out of work parents by moving back into family homes. Sales executives are taking jobs at 7-11. The UAW is about to lose their $70 per hour squeeze. Donald Trump is said to face bankruptcy on Thursday. There is less arrogance in the air. I like a humble society.
#4
Stimulus Wont Be a Quick Fix
He's right on that count, it won't get paid off until my grandkids have grandkids.
Can anyone tell me what O has ties to in CO? Seems he likes that state more than his home state, oops, I don't know where he's from.
Posted by: 49 Pan ||
02/16/2009 6:44 Comments ||
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#5
Floating $787 Billion in Treasury Bonds sucks $787 Billion dollars out of the world economy. Given the high level of padding involving government bureaucracy from federal to the local in the overhead, we're unlikely to see that infusion into the market place for many many years. Given the amount of good old boy graft, multiple little empire building bureaucrats, and kickbacks from the limited number of contractors to do the jobs, even more inefficiency will consume any effect in the larger economy as a whole. The only thing being stimulated is another failed socialism agenda.
#9
Are you attributing any alleged 'Negotiated rents/buy payments' to Obama, Alistaire? That's laughable. If banks are doing that it is because it's better for them to renegotiate than it is to just write down the loan. Infrastructure projects most certainly will not 'float' a few local economies. At best you will see a slight bump but that won't be for a year or more. Infrastructure projects have been proven to provide near ZERO short-term economic boost. As for the UAW, the only way they will lose their squeeze on the big 3 is if GM files bankruptcy. The democrats will never and I mean never allow the automakers to put the screws to the UAW. The democrats are owned and paid for by the UAW. The most arrogant wind-bag every is now occupying the White House so I don't know how there is less arrogance in the air.
#10
When I was in govt. I tried, over more than a decade, to get people to say that 'such and such project will likely create x jobs for one year' (this the construction portion) and if there were any permanent jobs to note that separately. This would properly, in my opinion, emphasize the temporary nature of 'stimulus'.
Obviously, the mass of public affairs personnel were against me as were the suck ups to management, as were the dummies who didn't understand the difference.
#14
Obama's main goal seems to be to derail the US economy permanently. Then he can more easily advance his communist agenda. It's pretty simple, actually. Wreck the economy, take over major industries, influence other industries and exercise control through economics, run small businesses out of the market, give away money/houses to the masses, make as many people dependent on government as possible. This "stimulus" won't be "enough." It will take more and more until the goal of government control and the destruction of capitalism is complete.
Anyone like the way it was such a f*cking EMERGENCY, and "O" takes his time to sign it so he can pretend the country is behind it? I can't stand that he's going to Colorado to sign it. Isn't Washington good enough? Flying across the country to sign a bill costs a pretty penny in these troubled times.
#15
Anyone like the way it was such a... The whole "stimulus" is a crock of crap. At least O nows "owns" the recession/depression and the lack of anything productive coming from this colossal waste of resources can be blamed on him.
I don't think this is the destruction of "capitalism", just further gravy for the Pig Men coupled with an expansion of state control. I believe there are better labels for that process.
A clip from another blog calls the current process "disaster capitalism": "the cream of the crap earn outsized paychecks from the disastrous aftermath when everyone on Main Street is involuntarily fleeced to help clean up the mess in order to stave off the crisis." it won't get paid off until my grandkids have grandkids. IT WON'T EVER GET PAID OFF. The only possible outcome is debasement of the currency.
The Trunks could always go nuclear by saying that any T Bonds issued in 2009 will not be honored when they regain power in Congress again. That would mean they won't be able to issue new ones either and have to live within the government's actual income without further borrowing. Not going to happen, but it would end the practice of reducing your children and grandchildren into tax serfs.
Posted by: Minister of funny walks ||
02/16/2009 13:52 Comments ||
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#5
I suppose we should cut the bugger some slack. He's only been in office for a few weeks and he's already managed to force 4 Democrats to pay their back taxes.
Now Gov. Paterson is rubbing the porn industry the wrong way.
From triple-X starlets to smut producers, porn industry insiders bemoaned the governor's plan to apply the so-called "iPod tax" on online music downloads to Web pornography and pay-per-view on television.
"We've had an adult industry in this country for decades, and now they want to tax us because of a deficit. That's not at all fair," complained Shawna Lenee, 21, a perky blonde, March 2009 Penthouse Pet and star of more than 200 hardcore videos.
The Paterson administration wants to expand the state's 4 percent sales tax to all digital purchases, from music downloads to e-books to movies if the retailer has some kind of presence in New York state. The 4 percent would also be applied to any subscription service that provides unlimited content for a monthly fee.
"This is simply bringing the tax code in line with technology," said Matt Anderson of the state Division of the Budget. "Regardless of whether or not an item is purchased at a brick-and-mortar store or online, it would be treated consistently."
The administration believes the digital tax will bring an additional money shot of $15 million a year into state coffers. I have to think this is a 'gross' overestimate - that would translate into < $350 million in proceeds - of course in that biz, people exaggerate
Lenee, star of such films as "Teenstravaganza #7" and "Throated #13," said her Penthouse-produced videos would be impacted because Penthouse has offices in New York City.
#1
well, he's blind. No wonder he doesn't care about pr0n. Oh, and he's been tapping other women for years. Guess that "Whoa, honey, I thought it was you!" line works. For blind guys
Posted by: Frank G ||
02/16/2009 11:00 Comments ||
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#2
"Quill Corp. v. North Dakota, 504 U.S. 298 (1992) is a Supreme Court of the United States case concerning use tax. Quill Corporation is an office supply retailer. Quill had no physical presence in North Dakota (neither a sales force, nor a retail outlet),[1] however it did have a licensed computer software program that some of its North Dakota customers used to check Quill's current inventories and place orders directly. North Dakota attempted to impose a use tax on Quill, which was stuck down by the Supreme Court." - wiki
Simply move any sales force or retail presence out of New York [that'll help the economy]. Notice that he's only after 'virtual' business. Doesn't want to 'touch' the issue of legalization of adult consensual sex and slapping a hefty 'sin' tax on it.
A multi-volume chronology and reference guide set detailing three years of the Mexican Drug War between 2010 and 2012.
Rantburg.com and borderlandbeat.com correspondent and author Chris Covert presents his first non-fiction work detailing
the drug and gang related violence in Mexico.
Chris gives us Mexican press dispatches of drug and gang war violence
over three years, presented in a multi volume set intended to chronicle the death, violence and mayhem which has
dominated Mexico for six years.
Rantburg was assembled from recycled algorithms in the United States of America. No
trees were destroyed in the production of this weblog. We did hurt some, though. Sorry.
