Archive for the ‘Kent Conrad’ Category

Sen. Bill Nelson on Obama Budget: Need to ‘Rework This Whole Thing’

March 24, 2009

Sen. Bill Nelson, a member of the Senate Budget Committee, said the Obama budget will have to be revised in light of the latest Congressional Budget Office projections.

By Mary Lu Carnevale
The Wall Street Journal

The Florida Democrat said in an interview on Fox News Channel this morning that “we’re going to have to go back and rework this whole thing, and that’s going to be done this week in the Budget Committee.” He later added that “Kent Conrad, our chairman of the Budget Committee, is definitely going to have to be Merlin.” CBO numbers released Friday show federal deficits over the next decade will exceed President Barack Obama’s projections by $2.3 trillion.

Conrad, a North Dakota Democrat, had warned on Friday that cuts would be forthcoming. “The reality is, we are going to have to make adjustments to the president’s budget if we want to keep the deficit on a downward trajectory,” he said.

So where does Nelson say the money is coming from? “You have to finagle with the numbers,” he said. “You want to keep on the three main themes of the president, which is the environment, health and education.”

Pressed for specifics, Nelson said: “Well, you’re going to have to redo health care so that some of its upfront costs are less, so that you bring down the cost over the 10-year period. Likewise, you’re going to have to speed up the revenues coming in from such things as possibly a cigarette tax, possibly — as the cap-and-trade — going into climate control.”

Getting cap-and-trade legislation – opponents call it “cap and tax” — and a higher cigarette tax through Congress, however, might require more than one Merlin.

White House Demonizes Senate Republicans on Terrible Stimulus Package; Why No Senate Dems Embrace This Stimulus?

February 5, 2009

It was clear yesterday that the White House was trying to demonize Senate Republicans on their slow response to the economic stimulus.  The president himself predicted “catastrophe” if the federal economic stimulus is not passed quickly.

White House spokesman Robert Gibbs seemed to carefully choose his words to paint Republicans as the the real problem here.

If the stimulus is so great why did the President of the United States have to write his own defense of the stimulus for the Washington Post?
See: President Obama Writes Why You Need the Stimulus

If the stimulus is so great why do 50% of Americans no longer think so?

And all the demonization of Republicans sounds good until you listen to Senate Democrats defend the stimulus bill.  There aren’t any.

Where’s Harry Reid?  Too busy to defend the president’s legislation as handed down by Nancy Pelosi and the House?

Senator Kent Conrad (D-NK) said today that he is making an alliance with Republicans to cut the most egregious provisions out of the stmulus.

Egregious parts of the stimulus, says a Democratic Senator.  While his president predicts castrophe if those same provisions are not passed….

There are Republicans expressing opinions on the stimulus, like McCain saying he’d rather have no stimulus bill than this one and Grassly saying we need to “look before we leap.” 
Grassley and others want more time to review the House version of the stimulus or they want a new bill all together….

President Obama keeps pressing on the gas, hoping things will go faster.

That makes Republicans ask even more, “What all is buried in here?”

Many are saying that few in the House even read through the stimulus — relying instead upon the president explaining the crisis and the spending solution.

“We’re not trying to prevent a package from passing. We’re trying to reform it,” Senate Republican leader Mitch McConnell said.

Maybe a time out is in order….

Obama Week 3: Senate Poised to Defeat Stimulus?

February 1, 2009

“As it stands it would be very hard for me to vote for this package, because I don’t think it is fully targeted, timely and temporary,” Senator Kent Conrad (D-ND) said. “I think there is widespread dissatisfaction with the package that came over from the House.”

Both Democratic Senator Kent Conrad and Nebraska Sen. Ben Nelson seem ready to join with Senate Republicans against the House version of the stimulus….

“Too little is being done about housing, which is central to the crisis,” said Conrad.


Republicans suggested overhauling the Senate’s stimulus proposal because they said it doesn’t pump enough into the private sector through tax cuts but allows Democrats to go on a spending spree unlikely to jolt the economy.

“When I say start from scratch, what I mean is that the basic approach of this bill, we believe, is wrong,” said Sen. Jon Kyl of Arizona, the No. 2 Republican. He added that he was seeing an erosion of support for the bill.

By DOUGLASS K. DANIEL, Associated Press Writer

In this photo provided by CBS, Sen. Mitch McConnell, R-Ky., ... 
In this photo provided by CBS, Sen. Mitch McConnell, R-Ky., appears on CBS’s ‘Face the Nation’ in Washington, Sunday, Feb. 1, 2009.(AP Photo/CBS Face the Nation, Karin Cooper)

Senate Republican leader Mitch McConnell of Kentucky said he doubted the Senate would pass the bill, contending that Democrats as well as Republicans were uneasy with it. He renewed a Republican complaint that Democrats had not been as bipartisan in writing the bill as Obama had said he wanted.

“I think it may be time … for the president to kind of get a hold of these Democrats in the Senate and the House, who have rather significant majorities, and shake them a little bit and say, ‘Look, let’s do this the right way,'” McConnell said. “I can’t believe that the president isn’t embarrassed about the products that have been produced so far.”

Democrats defended their almost $819 billion version of President Barack Obama’s stimulus plan, which is set for debate this week, and said they were open to considering changes by Republicans. But they said the unrelentingly bleak economic news demanded action.

“We cannot delay this,” said Sen. Dick Durbin of Illinois, the Democrats’ No. 2 leader. “We can’t engage in the old political rhetoric of saying, ‘Well, maybe it could be a little bit better here and a little bit better there.’ We’ve got to pull together.”

A bank employee counts US dollar bank notes. The euro fell sharply ...

Sen. Chuck Schumer, D-N.Y., agreed that more could be done in the area of housing, though he said tapping money in the separate financial bailout fund would be a more likely way to pay for mortgage relief.

Under Obama’s plan, strained state budgets would receive a cash infusion, projects for roads and other infrastructure would be funded, and “green jobs” in the energy sector would be created. In its centerpiece tax cut, single workers would gain $500 and couples $1,000, even if they don’t earn enough to owe federal income taxes.

Among the major changes Kyl said would be needed to gain Republican support in the Senate was the tax rebate for individuals and couples, which he criticized as going to too many people who didn’t pay the tax to start with. He also criticized the bill for seeking to create nearly three dozen government programs and giving states far more money than they need.

Durbin argued that $1 out of every $3 in the bill goes to tax cuts and defended it as aimed at helping working families. While he contended that Democrats were “very open” to Republican proposals, he cited only what he said were calls for more money in job-creating public works projects, typically a Democratic priority.

Sen. Jim DeMint, R-S.C., characterized the proposal as “a spending plan. It’s not a stimulus plan. It’s temporary, and it’s wasteful.”

Read the rest:

Economic Stimulus About “Soul of America”
Forbes Pleads For Bank Bailout, “Banks Are the Heart of the Financial System”

Here’s What $800 Billion Stimulus Means to America as We Knew It

Fox News: