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Posts Tagged ‘stimulus bill’

chicken_shit

What’s another $2 Billion on top of the $1 Billion for the Clunker Car Program?  I’ll tell you, it’s $3 Billion in bureaucratic chicken shit, that’s what it is. 

“The House of Representatives approves $2 billion more for the popular but financially strapped “cash for clunkers” car purchase program, heeding calls from U.S. consumers who hope to keep taking advantage of the trade-in incentives.”

Called the Car Allowance Rebate System, or CARS, the program is designed to help the economy and the environment by spurring new car sales. Car owners can receive federal subsidies of up to $4,500 for trading in their old cars for new ones that achieve significantly higher gas mileage.  House Majority Leader Steny Hoyer said the new money for the program would come from funds approved earlier in the year as part of an economic stimulus bill. http://money.aol.com/article/house-oks-2b-for-cash-for-clunkers/597445

Heeding calls from consumers?  Wake the frig up. I bet half the cars in the heap of trade ins aren’t worth that in the first place.  The banks will finance folks for the full amount of the new car until payments can’t be made and people default on the loan or lease.   If I got a check for $4500 and couldn’t make my house payment or buy food, the car payment is last on my list.

Betcha they don’t even have to be an American Made.  Oh WTF?  The government ran out of money on a clunker program the first week and people believe it can run our health care system? 

Why not just give a few billion to ACORN so they can issue bad loans that will never get paid back again either.

I for one want to see exactly how many cars were sold last week, and under which brand- compared to the previous weeks sales.

Really, why not bail out the chicken farmer or the pork farmers with all this Swine and Avian Flu?  Oh, the privileges of socialism. 

To quote Mr. Traficant, Beam me Up! 

Photo props to http://scripting.wordpress.com/2007/09/04/scripting-news-for-9407/

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How could the America people be so naive to think that our government did not know about the $165 million controversial bonus money paid out to AIG executives?  Of course they did, and they know about the nearly $1 Billion in bonuses as well.  http://www.huffingtonpost.com/2009/03/17/cuomo-reveals-details-of_n_175865.html

The Obama reign approved the bonuses so that there would be less lawsuits by AIG employees.  Obama’s fictitious outrage is an attempt to divert attention to the fact that Tres. Sec. Geithner had urged the bonuses to be allowed.

Today’s required reading is from Charles Krauthammer at WaPo –http://www.washingtonpost.com/wp-dyn/content/article/2009/03/19/AR2009031903041.html  “A $14 trillion economy hangs by a thread composed of (a) a comically cynical, pitchfork-wielding Congress, (b) a hopelessly understaffed, stumbling Obama administration, and (c) $165 million. …The AIG bonuses were agreed to before the government takeover and are perfectly legal. Is the rule now that when public anger is kindled, Congress will summarily cancel contracts?” 

Apparently they won’t cancel contracts, but have summarily decided that anyone who keeps a bonus from a firm receiving federal bailout money will be taxed at a 90% tax rate.   The House voted 328-93 to approve H.R. 1586 http://www.opencongress.org/bill/111-h1586/show introduced by Rep. Charlie Rangel (D-NY) the day before.  The Sunlight Foundation http://blog.sunlightfoundation.com/2009/03/19/read-the-bill-stimulus-bill-and-bonus-loopholes/  points out that,  had members of congress bothered to read the entirety of the stimulus bill before passing it with expediency, perhaps they would have known in advance, they were authorizing bonuses. It was available for only 13 hours. Shame on them. 

“I GUESS IT’S TOO BAD NOBODY READ IT BEFORE IT PASSED, THEN: The Stimulus Bill Explicitly Guarantees Contractual Bonuses Executed Before February 11. Yeah, I know, I already mentioned this. But it’s a point worth making again — they rushed this stinker through, and now it’s biting them on the ass. Good.” said http://pajamasmedia.com/instapundit/73719/  .  It isn’t “good,” for little old me the taxpayer though.  To know that our elected officials allowed this to happen in the first place and then to back peddle and put a tax restriction on it, is just as heinous.  Double shame.

Senator Chris Dodd (D-Conn), chairman of the Senate Banking Committee initially denied having anything to do with the allowance of the bonuses and said he never talked to Treasury officials.  Dodd corrected himself saying his previous comments had been misconstrued CNN reported, http://www.cnn.com/2009/POLITICS/03/19/aig.bonuses.congress/index.html.  Dodd lied and admitted it. Dodd is also running for re-election in 2010 against Republican challenger former U.S. Rep Rob Simmons.  Rob Simmons’  Senate campaign doesn’t have  web site yet.  Someone else  registered a domain name that Simmons might have used. Trouble is, http://www.RobSimmons2010.com isn’t exactly a message the candidate might be looking to spread. (source- Capital Watch http://blogs.courant.com/capitol_watch/2009/03/rob-simmons-has-no-web-site-so.html )

Did Obama know about the preservation of bonuses, did he too lie or doesn’t he have a clue what is going on in his administration?   Didn’t President Obama bother to read the stimulus bill that he signed, authorizing these bonuses?  Guess not. “Everybody’s pointing fingers at each other and saying it’s their fault, the Democrats’ fault, the Republicans’ fault. Listen, I’ll take responsibility. I’m the president,” he said at a town hall meeting in Costa Mesa, California.

AIG CEO , Edward Liddy inherited this mess and sat, about to be tar and feathered in front of grandstanding members of Congress yesterday, 03-19-09.  The display was purely for entertainment purposes and may have bordered on malfeasance.  For entertainment I’d much rather watch Obama on The Tonight Show with Jay Leno.   “I do think in Washington it’s a little bit like American Idol, except everybody is Simon Cowell,” said Obama .  “Barackstar” in trying to play the role of politician and personality, managed more cluelessness during the interview by referencing the Special Olympics in describing his own bowling game.  “It was like the Special Olympics or something,” said the President.  Bad manners and a bad bowling game.

Blogger Steve Young reports that Obama has decided to bowl against 12 year old Billy Madison, a Special Olympian at The White House in the future.  http://steveyoungonpolitics.com/president-obama-to-bowl-against-special-olympian/.

At least this Obama gaffe won’t cost the taxpayers billions, now that’s entertainment.

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A nickel isn’t worth a dime today. ~ Yogi Berra

I can’t seem to fathom Washington tripping over quarters to pick up nickles that haven’t been minted yet.

It is time for a break, simmer down a bit, spend spend some of my quarters while they are still worth something and take a word press vacation.  I keep seeing Obama in my dreams and me wagging my finger at him saying shame, shame.  With all the talk of the bailout it is I who need to bail for a bit.  I need to re-group my thoughts and get a good night sleep.

In the mean time, may I recommend:

http://americanthinker.com/  or http://www.justsaynodeal.com/index2.html

A favorite, Lame Cherry sums thing up this way, ” Now you know in these shades of grey if John McCain is the normal sounding one in the room, Bill Clinton is the silent wall flower and Hillary Clinton MacBeth is deemed the solid citizen in the Obama clique, that this stage act has gone from Twilight Zone to Obama Zone in fading to black.”   http://lamecherry.blogspot.com/

Check out 50 unstimulating facts of the stimulus at http://article.nationalreview.com/?q=YjcyODIyZGM2MGU1ZDdkNDgxZDc3OTNjYjM4ZDY1ODI=

To keep up to date on things, select http://americansforprosperity.org/

God Bless America.

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As part of the transparency in government, Obama is demanding free prime time TV space.  Monday he’s holding a press conference that is expected to last an hour and then the following Monday, a stimulus push right down our throats.  Last but not least, the State of the Union Address is on Tuesday, February 24.

Having spent the better part of the week watching the Senate battle for my stimulus dollars on Fox, CNN and C-SPAN, I am hardly excited at the prospects of looking forward to seeing President Obama the next 3 three weeks in a row during prime time TV. The news cycle is 24 hours a day, 7 days a week.  Prime time is America’s time to be entertained, to watch House, American Idol, or some other mindless show to not have to think about the economy or news.   To sit on the couch with the family, crack a smile, veg, and relax after dinner. 

The networks must be pissed at the amount of advertising revenue that will be lost.  Can’t anyone just say no to O?  I imagine the wrath of deciding not to air Obamavision might include an avoidance of reporters questions.  ABC is probably on the shit list anyways based on the bantering over a tough question recently with Robert Gibbs, the White House communications director.  ABC was also apparently thrown for a loop at the request for free TV time, and still can’t decide what shows to put on after, saying “to be announced.” http://www.tvguide.com/Listings/Default.aspx .

What could Obama tell me that I don’t already know?  This isn’t the campaign trail, and the trail of the House and Senate Stimulus Bills stinks to hell.  The last time Obama was on TV this for this long, he actually paid for the TV time  in a half-hour commercial and sort of mini-documentary. http://www.youtube.com/watch?v=GtREqAmLsoA 

Imagine that stimulus to the economy- paying for the TV Time; not demanding it and costing the networks millions.  The McCain campaign response from spokesman Tucker Bounds: “As anyone who has bought anything from an infomercial knows, the sales-job is always better than the product. Buyer beware.”

Is he going to remind me that money was removed that was earmarked for the water parks?  Is he going to tell me why a ruling dismissing without prejudice all charges against Saudi national Abd al-Rahim al-Nashiri was issued, potentially freeing the U.S.S. Cole mastermind bomber from Guantanamo?  What, so we can find him and try him again later?  What could President Obama possibly tell me that demands Prime Time TV? 

Obama is not The Great Communicator.   All physical differences aside, Reagan, even when delivering bad news found the words to sooth and projected light at the end of the tunnel.  Obama on the other hand, seems to like hearing himself talk and can’t seem to do that well unless the TelePrompter is rolling.  Reagan said, “Each generation goes further than the generation preceding it because it stands on the shoulders of that generation.  You will have opportunities beyond anything we’ve ever known.”  

Just weeks into his Presidency, Obama most memorable statement, “I screwed up.”  In the coming weeks of prime time TV, I hope he has something better to say.

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President Obama was in Williamsburg, Va., addressing  the House Democrats saying the stimulus bill could end the “tyranny of oil, “and blames the entire economic meltdown of the GOP and GWB. 

“Bolivian president Jorge Quiroga recently remarked that two key commodities, oil and cocaine, enter the United States duty free while the U.S. Congress debates duty-free entry of legal products from the United States…” http://www.latinbusinesschronicle.com/app/article.aspx?id=3129 

Congress is debating a lot of things, but it would seem that this stimulus bill isn’t going to stimulate anything but more angst for everyone. Why would Obama allow House Democrats to draft his stimulus legislation in the first place? What could he have been been thinking.  http://www.forbes.com/2009/02/05/obama-stimulus-republicans-opinions-columnists_0206_peter_robinson.html?partner=popstories

Apparently, it all comes back to the black gold and blame for Mr. O, failing to realize that there have been plenty of bipartisan issues that created this fiasco.  Yes, three–quarters of oil is owned and controlled by the world’s governments.  Chevron, Exxon Mobil, BP , Shell, Valero, Conoco-Phillips and Marathon are part of the world’s largest and most powerful financial empires in and of themselves, recently announcing record profits.  Problematic, is the restrictions from drilling and exploration on U.S. Soil and Territories while Obama wants to go green.  Sarah Palin governs a treasure trove of oil and reserves that could certainly help our economy. 

Green is already breaking the state of California with businesses moving out of state and taking jobs with it before they have to pay cap and trade carbon penalties.   http://online.wsj.com/article/SB123336500319935517.html?mod=googlenews_wsj  “Green policies have a tendency to push states into the red.”  Green is not going to push up any daisies for America in the short term, either.

Antonia Juhasz, in her book, “The tyranny of oil- The world’s most powerful industry and what we must do to stop it,” http://www.npr.org/templates/story/story.php?storyId=95465269 says the business and politics of oil’s production pose such grave implications on so many fronts — the environment, human rights, the economy, worker safety, public health — that the current state of petroleum-industry affairs is fundamentally antithetical to democracy.  Antithetical to democracy?  Tell that to the Iraq’s who recently voted in a democratic election. 

Juhasz is also analyst with Oil Change International, a watchdog group, and is the author of “The Bush Agenda: Invading the World, One Economy at a Time.”  Want to bet she voted for Obama?   Obama is not blameless in taking in Oil Industry campaign donations, granted not as much as the Republicans. 

General James Jones, US National Security Adviser was nominated to the board of directors for Chevron.  http://www.scandoil.com/moxie-bm2/news/gen-james-l-jones-nominated-to-chevron-board-of-di.shtml  Jones said, “Americans are right to demand swift and sensible action to produce more energy right here at home…”   http://www.energyxxi.org/articles/Statement_from_General_James_L_Jones_USMC_Ret_on_expanding_US_oil_and_gas_access.aspx  Maybe there is hope yet.

In the first round of billions spent, a report due on Friday calculates Treasury put about $254 billion into financial institutions in 2008, but got only $176 billion in value.  “That’s a shortfall of about $78 billion,”  adding that Mr. Paulson “was not entirely candid” in his description of TARP’s bank capital injection program. http://www.nytimes.com/2009/02/06/business/economy/06tarp.html?em   Pauslon bought preferred stock in companies like General Motors and Citigroup.  I’ve heard of “Buy American”, but holy shit, Paulson wasn’t supposed to take it literally.

What the frig is O doing in Williamsburg anyways- the campaign is over.  We know, you won.  Sad thing is, we’ve already lost $78 billion.  A stimulus is supposed to be immediate short-term spending in an economic downturn, not a forever solution to every problem.  It is still winter on the calendar and just a few weeks into the Obama administration and capi­talism and globalization are freezing in the US. 

Someone get Obama a blanket cause the heat is on Mr. President.

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