“I think (doing) nothing would have been better,” said Ed Yardeni, an investment analyst who’s usually an optimist, in an interview with McClatchy newspapers.
Former Senator Alfonse D’Amato (R-NY) said of the stimulus today: “This is an oink oink bill.”
“What Barack Obama should have done….” That’s how Obama supporter and true believer Geraldo Rivera started today during his TV commentary.
It’s tragic, really, when people speak about the President of the United States in the past tense after only a few weeks time.
Like he’s finished or irrelevant. Like he’s already made the biggest mistake of his life. The biggest mistake of his presidency.
The stimulus is already a national joke. People not only fail to believe it will work: they are disgusted by the conduct of their elected representatives.
Al Sharpton is angry on the left. And Al D’Amato is angry on the right.
It takes a lot to unite these two.
Between those two poles we, the average voters, are left without recourse or hope, in large measure.
People are already saying the good living they enjoyed in America most of their lives may be a thing of the past.
Mike Huckabee, former Republican governor of Arkansas, sitting with Geraldo Rivera this morning, wondered if his children and grand children will enjoy the America of his youth again. Or maybe it is now lost forever….
Nice going, Barack and Nancy Pelosi and Harry Reid. Who would have thought this was possible?
By John E. Carey
Wakefield Chapel, Virginia
House Speaker Nancy Pelosi speaks to reporters during her weekly news conference on Capitol Hill in Washington, DC.(AFP/Getty Images/Mark Wilson)
By Kevin Hall
The compromise economic stimulus plan agreed to by negotiators from the House of Representatives and the Senate is short on incentives to get consumers spending again and long on social goals that won’t stimulate economic activity, according to a range of respected economists.
“I think (doing) nothing would have been better,” said Ed Yardeni, an investment analyst who’s usually an optimist, in an interview with McClatchy. He argued that the plan fails to provide the right incentives to spur spending.
“It’s unfocused. That is my problem. It is a lot of money for a lot of nickel-and- dime programs. I would have rather had a lot of money for (promoting purchase of) housing and autos . . . . Most of this plan is really, I think, aimed at stabilizing the situation and helping people get through the recession, rather than getting us out of the recession. They are actually providing less short-term stimulus by cutting back, from what I understand, some of the tax credits.”
House and Senate negotiators this week narrowed the differences between their competing stimulus plans….
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