Archive for the ‘McConnell’ Category

Obama “Losing Stimulus”

February 3, 2009

“President Obama is losing the economic stimulus bill,” said Chris Wallace of Fox News on Tuesday morning.

“The White House asked me and several other journalists to interview the president on this,” said Wallace, calling President Obama the “Communicator in Chief.”

Wallace said something like 54% of Americans now want the stimulus plan scrapped or changed in major ways.

On transparency and ethics, Wallace said, the president is also in trouble.

“Tim Geitner got a pass for not paying his taxes,” Wallace said, “but a lot of people now have serious concerns” about Tom Daschle, the president’s nominee as HHS Secretary.

Obama Nominee Withdraws Over Unpaid Taxes; Pressure Builds on Daschle To Do The Same

Daschle Passes Point of No Return; Now Major Embarrassment to Obama

 Stimulus: Republicans Helping “Remake” the Bill, Obama Plans To “Remake America” Using Stimulus Excuse

 Obama Needs to Run to the Center, the Transparent Ethical Center


Stimulus: Republicans Helping “Remake” the Bill, Obama Plans To “Remake America” Using Stimulus Excuse

February 3, 2009

“Never let a good crisis go to waste.”

That quote is attributed to White House Chief of Staff Rahm Emanuel.

Is the fast rush economic stimulus bill really just a crisis built to remake America?

The Emanuel quote was used by Republican Senator Thad Cochrane on Monday, and he said Emanuel could have been joking.

But Cochran’s point was this: the Congress didn’t do its job last year, with many government spending bills held to funding levels from the year before by a “Continuing Resolution.”

Cochran indicated that in much of the simulus he sees an attempt to remake government agencies and with terrific boosts to their budgets.

Obama is trying to “Remake America” using the stimulus as the crisis-excure.

Good work Rahm.
Incoming White House Chief of Staff Rahm Emanuel gestures prior ... 
Incoming White House Chief of Staff Rahm Emanuel gestures prior to the inauguration ceremony of Barack Obama as the 44th President of the United States, in Washington, January 20, 2009.(Jim Young – UNITED STATES/Reuters)

Laura Ingrahamm, the much hated conservative author and talking head said, “This stimulus is an attempt to create the Barack-Utopia.”

Cochran and other Republicans are now working to clean out what they see as non-stimulus money, pork and waste from the bill and provide a package that meets President Obama’s three goals that the stimulus should be  timely, temporary, and targeted.

President Obama will start a media blitz later Tuesday to sell the plan to the American public, conducting interviews with all five major US television news outlets — ABC, CBS, NBC, CNN and Fox News.

Ingraham called the news of the Obama media assault a “charm offensive for the Barack Utopia.”

Mitch McConnell, the Senate Minority Leader has said, “Almost everybody agrees we need to do something. Let’s do it timely, temporary, and targeted. Go right at the problem and do it on an overwhelming bipartisan basis. I think it can still be done.”

McConnell Says Republicans Want To Pass Obama Stimulus With Changes

February 2, 2009

Senate Majority Leader Mitch McConnell, R-Ky., said that “a stimulus bill must fix the main problem first, and that’s housing.” He promised that Republicans would offer a plan to have the government step in to reduce mortgage rates to the 4 percent range, which could shore up home prices and lower housing payments for millions of Americans.

Meanwhile, two questionable items in the plan — $75 million for smoking cessation programs and $400 million to slow the spread of HIV and other sexually transmitted diseases — have already been dropped from the most recent draft of the measure.

“Nobody that I know of is trying to keep a package from passing,” the Kentucky senator said at a news conference Monday. “We’re trying to reform it.”

Debate on the president’s stimulus and the planned Senate changes began today and will continue in the Senate until a vote later this week…

Sen. Mitch McConnell says he wants a bill that's "dramatically different" from what passed in the House.

Sen. Mitch McConnell says he wants a bill that’s “dramatically different” from what passed in the House.


Associated Press:

Obama’s Stimulus: Smart Economists are Opposed; Dems In Congress Want To “Rahm It Home”

December 30, 2008

A senior aide to a Senate Democrat told us that Democrats want to give Barack Obama a spending stimulus package early in his preidency, perhaps on inauguration day, by “ramming it home.”

And that coincides exactly with quotes we’ve heard from Speaker of the House Nancy Pelosi.

But a senior U.S. Senate staffer said jokingly the new administration wants to “Rahm it home” — a reference to Barack Obama’s Chief of staff.

In this June 6, 2008, file photo Rep. Rahm Emanuel, D-Ill., ... 
In this June 6, 2008, file photo Rep. Rahm Emanuel, D-Ill., left, huddles with then-Democratic presidential candidate Sen. Barack Obama, D-Ill. in Chicago. Emanuel, the hard-charging No. 3 Democrat in the House, accepted the job of White House chief of staff.(AP Photo/Charles Rex Arbogast, File)

Our question is: if proposed legislation is smart, why not hold hearings, deliberate and show all the American peiople the good ideas of the stimulus plan?

Because it is probably not a good idea. Or it might not be a good idea.

Harvard economist Jeffrey A. Miron says, “According to the textbooks, government spending raises the demand for goods and services. Tax cuts also spur demand by putting more income in the hands of consumers or more after-tax profits in the hands of businesses.  Is a fiscal stimulus good policy? The answer is no if the stimulus consists of increased spending. The stimulus may be good policy, though, if it consists of lower taxes.”

So we think it may be wise to discuss the stimulus some more before “ramming” it into anybody….

“The state of our economy demands swift approval by both the House and Senate of an economic recovery and job creation package. While the House process is still being determined, the House has already laid the groundwork for this package with numerous hearings and the bipartisan package passed in September,” said Drew Hammill, Pelosi’s spokesman.

And we also needed swift action to bailout wall Street and then the auto makers.  And can Paulsen or anybody tell us that the money was well spent.

No, we are starting to think that more government spending just now, called bailout, stimulus or anything else, needs some careful deliberation….

Republican leader in the Senate Mitch McConnell wants to slow the stimulus train down to talk it over and think it over some….

“As of right now, Americans are left with more questions than answers about this unprecedented government spending, and I believe the taxpayers deserve to know a lot more about where it will be spent before we consider passing it,” McConnell said in a statement.

What’s the rush again?

By John E. Carey
Wakefield Chapel, Virginia

House Speaker Nancy Pelosi of Calif. speaks during a news conference ... 
House Speaker Nancy Pelosi of Calif. speaks during a news conference on Capitol Hill in Washington, Monday, Dec. 15, 2008.(AP Photo)

Related from CNN:

Obama’s $850B + Stimulus: Go Fast Or Deliberate?

Republican Chasm: RNC Will Condemn Bush Bailouts

America’s Top Intelligence Officer In India for Terror Talks

December 22, 2008

A top US Intelligence official on Monday held series of meetings with Union Home Minister P Chidambaram and senior officials during when the progress in investigations into the Mumbai terror attacks was reviewed.

Director of National Intelligence John Michel McConnell, who flew into the Capital, is also believed to have met National Security Advisor MK Narayanan and discussed issues relating to evidence gathered so far in the probe in the 26/11 terror strikes, official sources said.

Hindustan Times

The sources said McConnell had a 30-minute long meeting with the Union Home Minister during which the two sides touched upon the progress in the probe into the terror strikes at the country’s financial capital. US Ambassador David C Mulford was also present at the meeting.

Director of National Intelligence (DNI) is considered to be the most powerful intelligence official of the United States government under directs command and control of the US President and reports to him only.

The role of the DNI is to effectively integrate foreign, military and domestic intelligence in defence of the homeland and of the US’s interests abroad from its 16 spy agencies.

McConnell later met investigating officials including those from the US’ Federal Bureau of Investigation (FBI) who are probing the Mumbai attacks, the sources said.

The US Intelligence head also met India’s Intelligence chiefs and discussed the evidence gathered during the probe.

DNI came into existence after the audacious 9/11 attacks in the US. India is hoping to benefit from DNI’s experiences in countering terrorism while it was formulating the policies for a proposed National Investigating Agency, a bill for which was cleared by Parliament.

India terror group, Lashkar-e-Taiba, the new Al Qaeda?