Archive for the ‘House’ Category

House of Representatives Could Undo Obama (At This Rate)

March 24, 2009

Why are Democrats undermining President Obama? It’s easy to understand why Rush Limbaugh is hoping Obama will fail. From his perspective, Obama’s energy, labor and health care policies (among others) will yank the country hard to the left, weakening our capitalist economy and ushering in failed socialist policies. But why is his own party running so scared?

From the moment Nancy Pelosi instituted crassly partisan procedural rules on the opening day of the 111th Congress, mocking Obama’s promised new bipartisan era, Democrats in the House and Senate have done their utmost to discredit the president.
From wresting control of the Stimulus bill to packing that dismal piece of legislation with pork and an uncomfortable violation of NAFTA to the latest witch hunt over AIG bonuses, Congressional Democrats have worked to weaken the president and his deputies — most especially his beleaguered Treasury Secretary, Tim Geithner. What gives?

It is possible that my brain does not contain enough dark eddies to comprehend the devious calculations that have led to these maneuvers.

……

If Congress continues to waver in its support of Obama’s agenda, the result may be even more internecine warfare and a watered-down list of programs. It will be a sad outcome for the party that has finally won control of the White House and Congress.

Read it all:
http://foxforum.blogs.foxnews.co
m/2009/03/24/peek_obama_democrats/

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Dodd Caper, House Vote on 90% Tax, Highlights Founders Hopes; Modern Reality

March 21, 2009

When the House voted last week and passed a 90% tax on those rascals who got bonuses after the federal government bailed out their companies, many thoughts went through my mind.

The furor over $165 million in bonuses American International Group Inc. paid some of its employees while receiving billions of dollars in federal bailout money has tarnished Senator Christopher Dodd, certainly.  It seems he was caught in a lie, first saying he added a measure to protect the taxpayer by removing the bonuses, and then saying he protected the bonuses but under pressure from others.

And people in his state are making noise that he should be removed: which I’d be doing if I lived there.

But people forget and Dodd has done a lot for many voters in his state which may decide to retain him in the future.

Unfortunately, a Republican member of the House, Rob Simmons, may have already decided to take on Dodd in the election due to the AIG snafu….

For Dodd, too bad he wasn’t just elected last November…then his reelection would be six years away….

Dodger Dodd Dogged By AIG
From CNN:
http://www.cnn.com/2009/POLITICS/03
/21/aig.dodd/index.html?section=cnn_latest

Dodd’s Stock Way Down Even Before AIG
http://news.yahoo.com/s/ap/20090
321/ap_on_re_us/aig_outrage_dodd_3

Senate Banking Committee Chairman Sen. Christopher Dodd, D-Conn. ... 
Senate Banking Committee Chairman Sen. Christopher Dodd, D-Conn. listens to witness testimony on Capitol Hill in Washington, Thursday, March 19, 2009, during the committee’s hearing on bank regulation and supervision.(AP photo/Harry Hamburg)

And although my consitituional law and American history lessons are a little vague, here is what we might discuss about the House action on the 90% tax…..

John Marshall believed that the greatest danger to a strong Union would be the state legislatures, which were too likely to be swayed by the people’s fleeting and irrational passions.

I love that notion of fleeting and irrational passions.

This is one of the reasons the Founders wanted a strong federal government and also one of the reasons that Senators serve 6 year terms while House members serve two year terms. 
.
It was understood that members of the House would stand closer to their people, through reelection, at all times.

Thus, members of the House are more subject to the fleeting and irrational passions of their people.Of course, the Founders had no idea how much our modern media including the Internet, You Tube, cable TV, et al could fuel and fan those fleeting and irrational passions…..

 

This explains why the Senate slowed down action on the House’s 90% tax measure in their chambers….

Wkipedia says this about the Senate, which is subject to debate but worth thinking about: “The Senate is a more deliberative body than the House of Representatives because the Senate is smaller and its members serve longer terms, allowing for a more collegial and less partisan atmosphere that is somewhat more insulated from public opinion than the House.”

On the 90% tax itself, I am reminded of these quotes:

“An unlimited power to tax involves, necessarily, a power to destroy,” said Daniel Webster, in the case of McCulloch v. Maryland.

John Marshall said this just a bit differently: “That the power to tax involves the power to destroy … [is] not to be denied.”

It should also be noted why many commentators have said that the tax, used as a punishment, is illegal.
.
Punishment by tax is unconstitutional becaue that is the kind of trickery pulled to punish our Founders the colonists: by the King of England.

There could be a legal challenge to this bill: telling us again that rushed legislation is often bad legislation….Like the stimulus….

The Senate has to decide next week what it thinks of this 90% tax…..so just taking a ‘time out” over the weekend may be the only modern relief from the fleeting and irrational passions.

Related:

See Michelle Malkin:
Calls For Dodd in Conn.
http://michellemalkin.com/2009/0
3/21/liveblogging-the-lexington-k
y-tea-party/

Experts Say Courts Would Uphold Congress on 90% Tax
http://www.bloomberg.com/apps/news?pi
d=20601087&sid=aC_hgTeumc70&ref
er=worldwide

Maxine Waters Helped Steer Bailout Funds to Bank With Family Ties

March 12, 2009

Do you think Nancy Pelosi will investigate her California pal Maxine Waters for conflict of interest?  There is still an ethics panel in the House, isn’t there?

******************

When Rep. Barney Frank was looking to aid a Boston-based lender last fall, the Massachusetts Democrat urged Maxine Waters, a colleague on the House Financial Services Committee, to “stay out of it,” he says.

The reason: Ms. Waters, a longtime congresswoman from California, had close ties to the minority-owned institution, OneUnited Bank.

Ms. Waters and her husband have both held financial stakes in the bank. Until recently, her husband was a director. At the same time, Ms. Waters has publicly boosted OneUnited’s executives and criticized its government regulators during congressional hearings. Last fall, she helped secure the bank a meeting with Treasury officials.

Read the rest from the Wall Street Journal:
http://online.wsj.com/article/
SB123682571772404053.html

[Rep. Maxine Waters] Getty Images

Rep. Maxine Waters, center, with Earvin “Magic” Johnson, left, and Ms. Waters’s husband, Sidney Williams, at the 2009 BET Honors Reception in Washington, D.C.

http://michellemalkin.com/2009/03/12/
calling-bull-on-abc-news-time-magazines
-apologists-for-pelosi/

http://michellemalkin.com/200
9/03/11/culture-of-corruption-alert/

Households, Businesses Have Stopped Spending; Now It’s Congressional Responsibility Time

March 6, 2009

Here is the top economic news today:

–Unemployment reached a level not seen since 1983.

–The stock market hasn’t been this low since 1997.

–The Senate refused the president’s $410 billion omnibus spending bill last night, necessitating a continuing resolution at last year’s spending levels, at least until the omnibus can be reconsidered next week.

–The Republican Leader in the House, John Boehner, has called for a government spending freeze.

–The head of the Federal Deposit Insurance Corporation (FDIC) has warned that the fund insuring Americans’ bank deposits could be wiped out this year without the money the agency is seeking in new fees from U.S. banks and thrifts.

–The Treasury Secretary’s pick as his number one deputy withdrew her name from consideration last night.  The top 17 senior posts at Treasury are vacant with no names announced to fill those posts.  A Senate hearing was cancelled yesterday because Treasury could not cough up a reporesentative for the hearing.  And as for Mr. Geithner himself, Warren E. Buffett has said: “Beware of geeks bearing formulas.”

–A Record 31.8 million Americans now get food stamps.

http://money.cnn.com/2009/03/05/ne
ws/economy/foodstamps.reut/index.ht
m?section=money_latest

Worried now?  I am.  especially since President Barack Obama wants to spend untold trillions still: on health care, bank bailouts, foreclosure and mortagage subsidies, a conversion of the nation’s energy system from oil, gas and coal to wind and magic, and still more.

The president already has said mean things about the engine drivers of the American economy, and made it clear he intends to raise their taxes and cut their perks and pay.  Consequently they have decided to invest less and hire fewer worker.  You would have done the same.

All homeowners will lose some of their mortgage interest tax deduction under the Obama plan: a strange idea during a housing crisis.

And we can all expect to pay more for everything when this huge debt we are developing turns into the likely ugly dragon of inflation.  Add to that oil and gas prices which will likely rise with OPECs help and the president’s “cap and trade” idea for energy and carbon limits and PRESTO: we could have a real economic meltdown.

I’m with Republicans in the House and Senate: this is a good time to kill the 9,000 earmarks contained in the omnimbus and settle for a continuing resolution to finish out this year.

Related:

WASHINGTON (AP) — The top Republican in the House is seizing on the latest spike in unemployment to call for a freeze on government spending and to urge President Barack Obama to veto a $410 billion spending bill.

Rep. John Boehner, R-Ohio, said the jump in unemployment to 8.1 percent and the loss of 651,000 jobs in February is a sign of a worsening recession that demands better solutions from both parties.

Boehner criticized the spending bill as chocked full of wasteful, pork-barrel projects. The Senate postponed a vote on the bill until Monday amid the criticism.

Boehner said he hoped Obama would veto the bill. He urged the president to work with House Republicans to impose a spending freeze until the end of this fiscal year.

More Related:
http://michellemalkin.com/2009/03/06/hou
se-republicans-push-for-spending-freeze/

******
WASHINGTON – The head of the Federal Deposit Insurance Corp. has warned that the fund insuring Americans’ bank deposits could be wiped out this year without the money the agency is seeking in new fees from U.S. banks and thrifts.

FDIC Chairman Sheila Bair acknowledged, in a letter to bank CEOs, that the new increased fees and hefty emergency premium the agency voted to levy last week will bring a “significant expense” to banks, especially amid a recession and financial crisis when their earnings are under pressure.

“We also recognize that assessments reduce the funds that banks can lend in their communities to help revitalize the economy,” Bair wrote.

But given the accelerating bank failures that have been depleting the deposit insurance fund, she said, it “could become insolvent this year.”

Read the rest:
http://news.yahoo.com/s/ap/200903
04/ap_on_bi_ge/fdic_bank_fund_w
arning

*****

Senate Banking Committee Chairman Christopher Dodd is moving to allow the Federal Deposit Insurance Corp. to temporarily borrow as much as $500 billion from the Treasury Department.

The Connecticut Democrat’s effort — which comes in response to urging from FDIC Chairman Sheila Bair, Federal Reserve Chairman Ben Bernanke and Treasury Secretary Timothy Geithner — would give the FDIC access to more money to rebuild its fund that insures consumers’ deposits, which have been hard hit by a string of bank failures.

Read the rest from The Wall Street Journal:
http://online.wsj.com/article/SB1236
30125365247061.html

Related:
Unemployment Highest Since 1983; Business Leaders Have No Confidence in Obama Economic Plan, Team

American Workers, Businesses Cut Back; Obama Launches Spending Spree
.
Presidency of Fear

Obama’s Brazen Deception: Why The Stock Market Won’t Recover Soon

 Senate Halts Obama Spending; At Least For The Week End

 Obama plan to prevent foreclosures won’t help many California homeowners

“People that create American wealth are going on strike”

Obama’s Economic Strategy Akin To LBJ’s Vietnam Fiasco: “Pour In More”

In Gingrich mold, a new voice for solid resistance in Republican Party

February 15, 2009

The last time congressional Republicans were this out of power, they turned to a college professor from Georgia, Newt Gingrich, to lead the opposition, first against President Bill Clinton in a budget battle in 1993, and then back into the majority the following year.

By Adam Nagourne
The International Herald Tribune

As Republicans confronted President Barack Obama in another budget battle last week, their leadership included another new face: Representative Eric Cantor of Virginia, who as the party’s chief vote wrangler is as responsible as anyone for the tough line the party has taken in this first legislative standoff with Obama. This battle has vaulted Cantor to the front lines of his party as it tries to recover from the losses of November.

As Republican whip, Cantor succeeded again on Friday in denying the White House the support of a single House Republican on the stimulus bill. That was a calculated challenge to the president, who, in his weekly address on Saturday, hailed the bill as “an ambitious plan at a time we badly need it.”

Cantor said he had studied Gingrich’s years in power and had been in regular touch with him as he sought to help his party find the right tone and message. Indeed, one of Gingrich’s leading victories in unifying his caucus against Clinton’s package of tax increases to balance the budget in 1993 has been echoed in the events of the last few weeks.

“I talk to Newt on a regular basis because he was in the position that we are in: in the extreme minority,” he said.

Read the rest:
http://www.iht.com/articles/2009/0
2/15/america/15cantor.php

People Really Do Hate Republicans:
http://suzieqq.wordpress.com/2009/02/1
5/do-people-really-hate-republicans-in-congress/

House Votes Stimulus: 7 Dems, All Republicans Against

February 13, 2009

Seven Democratic Members of the House of representatives and all Republican House members voted against the Obama economic stimulus today.

Obama Dead Wrong On Stimulus in Peoria, Caterpillar Remarks

Eleven Democratic members of the House voted against the stimulus in the previous vote.

“This is a bad bill; it won’t stimulate jobs and revive the economy, it only adds spending and debt,” said one senior Republican.

President Obama said the  stimulus “will ignite recovery.”

Well, that depends upon what your mean by “ignite,” most analysts say.

It will probaably take more than one year to see any stimulative impact, economists predict.

The Republicans must have put some pressure on House members such as Joseph Cao from Louisiana, who said they might vote with the Democrats on the stimulus….No Republicans joined the Democrats in the stimulus vote….

http://www.wdsu.com/money/18
703530/detail.html

Senator Lindsey Graham called the bill “an orgy of public spending.”

developing……

************

By ANDREW TAYLOR, Associated Press Writer

The bill was passed 246-183 with no Republican help. It now goes to the Senate where a vote was possible late Friday to meet a deadline of passing the plan before a recess begins next week.

All but seven Democrats voted for the bill — a 1,071 page, 8-inch-thick measure that combines $281 billion in tax cuts for individuals and businesses with more than a half-trillion dollars in government spending. The money would go for infrastructure, health care and help for cash-starved state governments, among scores of programs. Seniors would get a $250 bonus Social Security check.

Obama claims the plan will save or create 3.5 million jobs, but Republicans said it won’t work because it has too little in tax cuts and spreads too much money around to everyday projects like computer upgrades for federal agencies.

“This legislation falls woefully short,” said House GOP Leader John Boehner of Ohio. “With a price tag of more than $1 trillion when you factor in interest, it costs every family almost $10,000 in added debt. This is an act of generational theft that our children and grandchildren will be paying for far into the future.”

……

“This measure is not bipartisan. It contains much that is not stimulative,” said Sen. John McCain, R-Ariz., Obama’s rival for the White House. “And is nothing short — nothing short — of generational theft” since it burdens future generations with so much debt, he added.

Read the rest:
http://news.yahoo.com/s/ap/200902
13/ap_on_bi_ge/congress_stimulus

Michelle:
http://michellemalkin.com/2009/0
2/13/where-in-the-world-142/

*******

From ABC News
“This debate is coming to an end and it really never started,” complained Sen. Lindsey Graham, R-S.C., referring to the short amount of time they had to review the bill, which was only posted around 11 p.m. Thursday.

Speaking to reporters after House voted, an exultant House Speaker Nancy Pelosi, D-Calif., hailed the passage of the stimulus as “transformational for our country.” Surrounded by her Democratic colleagues, Pelosi thanked Obama for his efforts in the stimulus bill.

“He did something faster than any other president in history. … I salute him for his leadership,” Pelosi said.

Instead of voting for the gargantuan package of tax cuts and public works spending, key Republicans made last ditch speeches denouncing the bill. Seven Democrats also voted against it.

“It’s disappointing the way this process has worked, and the outcome,” House Minority Leader John Boehner, waving the bulky report in his hands, said on the House floor before the vote. “Bad process leads to bad policy and that’s what we have in my view. … I hope it works but I surely have my doubts. … This is the epitome of what I came here to stop.”

“I’m going to vote no and I’m going to hope that next time. … You’ll include us and you’ll include our ideas,” the Ohio Republican said, clearly addressing Democratic leaders.

Many Republicans consider the fight over stimulus to be lost.

Rep. Aaron Schock, R-Ill., who represents the town of Peoria, Ill., where the president touted the stimulus Thursday, said employees from Caterpillar asked him to oppose the bill.

Read it all:
http://abcnews.go.com/Politics/Busin
ess/story?id=6870873&page=1

Obama’s “My way or the highway” vs “better ideas”

February 12, 2009

Congressional Republicans lack President Barack Obama’s bully pulpit and do not have the majorities that House Speaker Nancy Pelosi and Senate Democratic leader Harry Reid enjoy. But they are playing their hand extraordinarily well.

By Karl Rove
The Wall Street Journal

Over the past month, House Republicans have used the stimulus bill to redefine their party, present ideas on how to revive the economy, and force congressional Democrats and the president to take ownership of the spending programs soon to be signed into law.
The first smart move House Republicans made was to raise objections to specific parts of the House stimulus bill. Pointing out that there is money in the bill for condoms, livestock insurance, refurbishing the National Mall, and other outlandish things revealed that it is a massive spending spree, not an economic stimulus.

House Republicans had the wisdom to continue to talk to the Obama White House. This made them look gracious, even as the president edged toward a “my way or the highway” attitude.

They also wisely put ideas on the table, such as cutting the bottom two income tax rates and small-business taxes while extending unemployment insurance and other safety-net provisions. With these proposals, Republicans generated news and made it possible for their members to be for something that made sense to their voters. It also helped that the same methodology that the White House used to claim that the Democratic stimulus bill would create four million new jobs showed that the Republican approach would create six million new jobs, at half the cost.

The payoff is that support for the stimulus bill is falling. CBS News polling reveals a 12-point drop in support of the bill over the past month. Pew Research and Rasmussen have turned in similar numbers. The more Americans learn about the bill, the less they like it.

Related:
Stimulus Fails To Thrill

What is becoming clear is that the House GOP is becoming energized by empowering its “Young Guns.” Leader John Boehner has been good. But he wouldn’t be as effective if he didn’t have the help of Reps. Eric Cantor, the No. 2 House Republican, and Mike Pence, the House GOP conference chairman. Reps. Paul Ryan and Dave Camp, the top Republicans on the Budget and the Ways and Means committees, are impressive and add depth to the leadership team.

Over in the Senate, Republicans have likewise followed a “better ideas” strategy. Mitch McConnell pushed to make aid to states loans, not grants, and to cut income taxes for the middle class. Other Republican senators came in with ideas to fix housing, put money in the hands of taxpayers, and cut fat from the stimulus.

They also asked the Congressional Budget Office if the Democratic Senate bill was actually stimulative. The nonpartisan CBO found it would have a “negligible” impact on jobs by 2011 and hurt economic growth and prosperity over the next decade.

Mr. Obama will get his bill. But it won’t be one focused on job creation and stimulus. The bill he signs will create a raft of new programs and be the biggest peacetime spending increase in American history, which will give us larger deficits and create pressure to raise taxes. It will also hinder the president’s other goals, such as expanding government health care.

But if Republicans predict economic doom, they will overplay their hand. The Democratic stimulus will slow recovery, but not stop it. Recessions don’t last forever and, if history is a guide, sometime late this year or early next the economy will rebound on its own. When that happens, Democrats will argue that their untargeted, permanent spending actually revived the economy.

Americans are skeptical of the notion that increasing the size and cost of government will lead to an increase in jobs and economic growth. A recent CBS News poll, for example, shows that 62% of Americans think “reducing taxes” will “do more to get the U.S. out of the current recession” — nearly three times the 22% who prefer “increasing government spending.” A recent NBC News/Wall Street Journal poll found that 60% of Americans are worried that government will “spend too much” to boost the economy. Only 33% worry it will spend “too little.”

The debate here is about means, not ends. Americans and both parties want a revived economy. Republicans want focused proposals that create jobs and growth, while the White House seems ready to accept what House and Senate appropriators have drawn up.

Mr. Obama, for all his talents, has already re-energized the GOP and sparked a spending debate that will last for years. The president won this legislative battle, but at a high price — fiscally and politically.

Mr. Rove is the former senior adviser and deputy chief of staff to President George W. Bush.

“Banking Spanking”: Barney Franks Unleashed

February 11, 2009

Rep. Barney Frank (D-Mass.), chairman of the House Financial Services Committee, has decided today to engineer a public flogging of top bankers: call it the “banking Spanking.”

But Franks also wants the bad guys to cooperate and behave.

Related:
“Republicans Rape Truth,” and The “Over the Top”

“I urge you going forward to be ungrudgingly cooperative.  There has to be a sense of the American people that you understand their anger … and that you’re willing to make some sacrifices to get this working, ” Franks said.

Franks also said he was angry that the TARP wasn’t executed better by the bankers.

But wasn’t he there in the Financial Services Committee, crafting the provisions of the TARP?

Franks also said the administration was taking “too much time” developing a foreclosure plan and called on companies that hold or service mortgages to suspend foreclosure proceedings until it is released.

He took shots at Treasury Secretary Tim Geithner’s bank bailout plan along the way.

Franks has criticism for everyone all around but hasn’t taken any responsibility himself….

John E. Carey
Wakefield Chapel, Virginia

Related from the AP:
http://news.yahoo.com/s/ap/2009021
1/ap_on_go_co/bailout_banks

http://michellemalkin.com/2009/02
/11/the-sanctimony-of-morons/

Bankers Vow To Work Toward Financial Reform
http://news.yahoo.com/s/ap/20090211/a
p_on_go_co/bailout_banks

Barney Frank
Photo: AP

Congress struggles to weed out the weaker parts of the stimulus bill

February 10, 2009

PRESIDENT OBAMA was back on the hustings Monday, promoting an $800 billion-plus stimulus package at a town meeting in economically distressed Elkhart, Ind. “It is the right size, it is the right scope,” Mr. Obama said. Of course, it is still not entirely clear what “it” is. The House has produced an $819 billion plan that emphasizes new federal spending over tax relief. The Senate is working on an $827 billion proposal tilted more toward tax cuts, in order to garner sufficient moderate Republican support to prevent a filibuster. The country won’t really know what it’s getting until the two chambers hammer out a compromise.
.
Editorial
The WashingtonPost
As Mr. Obama said Monday night, a stimulus bill is badly needed, and soon. And the differences between the House and Senate measures are not large. Both would spend $47 billion to extend and slightly increase unemployment benefits; increase spending for food stamps; incorporate Mr. Obama’s proposal for a $500-per-worker, $1,000-per-couple tax credit over the next two years; and raise the earned-income tax credit for the working poor. The relative consensus on these points is welcome and not that surprising, since they represent the least controversial examples of short-term, quick-spending aid in the two bills.

Sens. Ben Nelson (D-Neb.) and Susan Collins (R-Maine) worked to scrub some less plausibly stimulative stuff from the Senate bill. But that measure still contains some dubious provisions, especially on the tax side. A $15,000 tax credit for new home purchases this year, which would cost more than $35 billion, looks especially wasteful. The proposal, drafted by Sen. Johnny Isakson (R-Ga.), is supposed to stimulate the moribund housing market. Actually, because it is not limited to first-time homebuyers, the credit would do little to reduce swollen inventories: Homeowners who used this tax break to get a new house would have to put their old one up for sale. The Senate bill would also create an $11 billion deduction for sales taxes on car purchases and auto loan interest, a proposal sponsored by Sen. Barbara Mikulski (D-Md.). It’s unclear how many people would be lured into the new-car market, already rich with dealer incentives, by this additional one. Given the modest probable benefits, Congress should cut these provisions and consider devoting at least some of the savings to spending that is likely to provide more immediate bang for the buck.

Read the rest:
http://www.washingtonpost.com/wp-dyn/content
/article/2009/02/09/AR2009020902279.html?
hpid=topnews

Bling Fling Stimulus and Obama Faces Questions With: Answers?

February 9, 2009

The stimulus is a “bling fling” of tossing around the goodies for the sake of pleasure.

But what do we get for sure?  Debt and spending.

 

The experts can’t agree on the rest.  Some say it will create a million jobs.  Some say 4 million.  Some say in two years.  Some say four.

Some say its temporary.  Some say it is purely an effort to make communities and people dependent upon the public trough.

And the media has been fawning over Barack Obama for many months.

Obama’s “positive” rating is now some 67%.  The stimulus?  Only half the voters like it.

Given all of this, will the right questions be asked by the media tonight?  Probably not.  But Politico’s Jon Martin did a great job explaining what the questions should be.

If I was a Republican lawmaker I’d vote against the stimulus.  If I was a Democrat I’d go with the president.  And hope.

But as a Democrat in the Senate I’d know this stimulus package is a terrible piece of pork foisted upon the Senate by Nancy Pelosi and her Democrats in the House.

Jon Martin, Politico:
http://www.politico.com/news/sto
ries/0209/18604.html

The stimulus is a PorkFest:
http://michellemalkin.com/2009
/02/09/the-golf-cart-stimulus/

Economic journalist Stuart Varney said today on Fox News, “The stimulus was dishonestly presented to the public.  It is all spending and little stimulus. It is mostly pork and Congressional leaders have not been honest about that at all.”

Related:
Pelosi, Reid “Failed;” Honest Democrat Their Worst Nightmare

********

Risks To Republicans and Democrats on Stimulus

The risks for Obama are considerable. He and the Democrats will have no one else to blame if the package fails to boost the economy. Obama himself has said his first term can be judged on whether it succeeds, whether it creates or saves the 3 million to 4 million jobs he promises. 

And if the economy fails to show marked signs of improvement — a possibility indeed — Republicans will have a megabillion-dollar “I told you so” in their pockets, just in time for the 2010 midterm elections and Obama’s own reelection bid in 2012. 

Read the rest:
http://www.politico.com/news/stories/
0209/18576.html

My number one question for all voters who watch the president tonight: does this look like a campaign or a man honestly defending the best possible economic jump start?

Number two question: Is the media digging for the truth?

Related:
Economic Recovery: Try No Stimulus and Wait

Stimulus: Calls To Senate 8:1 Against; Political, Economic Toll Looms

U.S. Taxpayers Risk $9.7 Trillion on Bailouts as Senate Votes

Stimulus will lead to ‘disaster,’ Republican warns

 Stimulus: “93% spending and only 7% stimulation”

 Stimulus Dilusion: More Debt Spending Will Never Resolve Debt Crisis