Archive for the ‘Vitter’ Category

Pelosi’s Stimulus II? Lawmakers Propose No Cost, High Employment Energy Package

March 12, 2009

Economists, politicians, and the public alike are questioning the viability of the massive $787 billion stimulus signed into law. In response, Congressman Rob Bishop (R–UT) and Senator David Vitter (R–LA) recently introduced legislation that would create an estimated 2 million jobs, increase gross domestic product $10 trillion over the next 30 years, and lower energy costs—all without a huge expense to the taxpayer.

The No Cost Stimulus Act of 2009 would do this by expanding domestic energy supply and streamlining burdensome, unnecessary environmental review processes that have placed a stranglehold on access to reliable U.S. energy sources for decades.

Read the rest:
http://www.heritage.org/Research/
EnergyandEnvironment/wm2336.cfm

Why the No Cost Stimulus Act ?

Nancy Pelosi is already saying the nation will need another stimulus bill before we get out of this recession….

The $787 billion economic-stimulus plan was followed by today’s omnibus for $410 billion….

The interest payment on the debt from the stimulus and the omnibus will be about $500 billion…..And has anyone seen the economy start to rev up?
Obama Spending $1 Billion an Hour of Borrowed Money in First 50 Days
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What are others doing?  Russia has energy but no jobs.  China has money but needs energy….
Russia, “Desperate For Cash,” Sells Oil to China In “Very Bad Deal”
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Related:
President may Ask For “Global Bailout”
Obama, Geithner: recession requires global action 

Even Democrats Showing Signs Of Economic Despair, Worry at White House Inertia

Pelosi: Congress Needs to ‘Keep the Door Open’ to Second Stimulus Package

Speaker Nancy Pelosi, D-Calif. is kissed on the cheek by one ...

Pelosi

Obama: Unity on Agenda Eludes Democrat Party Leaders

March 10, 2009

Democratic leaders in Congress did not expect much Republican support as they pressed President Obama’s ambitious legislative agenda. But the pushback they are receiving from some of their own has come as an unwelcome surprise. 

By Shailagh Murray
Washington Post

As the Senate inches closer to approving a $410 billion spending bill, the internal revolt has served as a warning to party leaders pursuing Obama’s far-reaching plans for health-care, energy and education reform.

Those goals, spelled out in Obama’s 2010 budget blueprint, continue to enjoy broad Democratic support. But as the ideas develop into detailed legislation, they will transform from abstract objectives into a tangle of difficult trade-offs. Crop subsidies, the student loan program and Medicare radiology rules are all currently niche concerns, but any one could become the next crisis for party leaders, with the potential to derail a major agenda item. One major proposal, to limit itemized deductions for wealthy taxpayers, has already raised doubts among prominent Democrats in both chambers.

Some issues that inflamed Democrats in previous years have yet to even register, including the proposal in Obama’s budget plan to “means-test” the Medicare drug benefit as a way to pay for health-care reform. Doling out entitlement benefits based on income has long been anathema to most Democrats.

Read the rest:
http://www.washingtonpost.com/wp-dyn/con
tent/article/2009/03/09/AR200903090301
9.html?hpid=topnews