Simple Man Politics

Way to go House republicans, every one of you voted against the 819 BILLION DOLLAR stimulus package. I don’t know how you did it but you got 12 Dem’s to vote against it to. I guess there is still some common sense left in Washington after all.

The stimulus package that was put forth by the Obama administration and rammed through the lower house by Speaker Pelosi is supposed to jumpstart the economy and do it fast. The problem is that a lot of what is in the package won’t even start having an effect until after 2010. The stimulus will do very little to help the economy right away, which is when our economy needs it the most.

Most of the funds in the bill for infrastructure are for projects that have not even been planned let alone started yet. There is almost no funding for current projects that are underway that would create the job’s that are needed, which is part of our economic problem right now. Those new jobs that will come from building infrastructure will not show up before the middle of 2010 at the earliest.

The other problem with the just passed stimulus package is that it doesn’t have any significant tax cuts for small business or entrepreneurs who create a significant portion of jobs in the market place, and who invest in their businesses to continue to grow.

With out these small companies, businessmen, and investors out there doing what they are supposed to do unemployment will continue to rise, people will lose their homes, and the small business man will wind up closing the doors of their businesses.

The other problem is that this spending package is filled with more pork than Jimmy Dean sausage. This has turned into a monumental spending wish list by the Democratic Party. I thought that the President said that he would not put forth a bill that contained any pork.

For example there is over 4 BILLION DOLLARS in the bill for groups like ACORN. There is more in the package for special interest groups, but this is just one example. I guess it’s time for Obama and the Dems to pay back their supporters and to do it with our money.

I have to wonder just how easily this 819 BILLION DOLLAR stimulus package will pass the US Senate. I can only hope that the Senate Republicans will stand united and vote against this bill. I also hope that they can sway enough Democrats into voting against it as well. If not then I hope they can filibuster this in to obscurity, because it is a monumental waste of tax payer dollars. Of course the Democrats want to build a monument to their idea of government and on our backs they will do it.

Have a great day my friends and I will be back again soon CIAO4NOW!!!!!

Today President Elect Barack Obama touted his new economic stimulus package to the nation on television. He said that without this stimulus package there could be dire consequences to our economy, as if our economy is not facing dire consequences already.

The proposed 800 billion dollar stimulus plan is his answer to a failing economy. This plan includes everything from improvements to the infrastructure, to tax cuts for the people. He says the plan will put more people to work on the infrastructure side of the plan, while the tax cuts will put much needed cash into individual’s pockets to spend, which in turn will give the economy a boost, there by getting us out of a recession.

According to the latest numbers though the last economic stimulus package didn’t do what it was intended to do, which is stimulate the economy. Tax payers got their stimulus checks and instead of going out and buying flat screen TV’s and other luxury retail items they put the money in their savings accounts.

Add to that the fact that our bailouts of Wall Street, financial institutions, the auto industry, and everyone’s favorite insurance company AIG, which by the way still hasn’t worked and all we have succeeded in doing is adding another 1.5 trillion dollars to the national debt. That now puts our total national debt at about 10 trillion dollars approximately.

Obama is not only in a bad position having to come into his Presidency telling everybody that it is going to get worse before it gets better, but he is going to add another 800 billion dollars in debt in the first year. He says all of this while laying the blame at President Bush’s doorstep for the debt incurred from the last round of bailouts and stimulus, how ludicrous is that? These bailouts and stimulus plans were exactly what Nancy Pelosi and Harry Reid wanted.

The reason we had to bailout those businesses anyway was because there was not enough oversight from the senators and congressmen responsible for keeping an eye on those banks and mortgage companies. Instead of enforcing the regulations these politicians encouraged these companies to do bad business. Most notable are Senator Chris Dodd and Congressman Barney Frank.

By the way 800 billion dollars may not be a correct figure either. Economists predict that Obama’s stimulus package may actually be closer to 1.5 trillion dollars. They also say that he may have to go to the well for more money again to. How much debt are the taxpayers supposed to be responsible for? The US government cannot continue borrowing money to fix this problem, because sooner or later the countries who loan us the money will stop over worries that we cannot afford to pay it back, even if the fed raises interest rates as an incentive for them to loan us the money.

The only way for us to get out of this recession is for the government to get the housing market straightened out. Without the housing market turning around our economy will not right itself. We should also let the companies that cannot compete in the market place to go into bankruptcy and reorganize or dissolve; the taxpayer should not become business partners in bad businesses. The last thing they should do is to raise taxes. You do not ever raise taxes on anyone in a recession, especially on those who create jobs.

All I can say to you is to just think about this, look at the numbers, and do a little research and you will see I’m right. After all how can I and a few hundred world renowned economists be wrong. Not only is it simple math but simple politics to.

That is all I have to say on this subject for today. Have a good day and I will be back again soon, CIAO4NOW!!!!!