Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts

Thursday, February 26, 2009

Shortcomings in Oversight of Stimulus Spending?

Ya think it might be difficult, no impossible, for the government to figure out who's doing what with the stimulus (porkulus) package dollars? How 'bout controlling the money once it leaves the government printing press and lands in the coffers of various agencies and local governments? Hmmm... Is there any sane, straight-thinking person in the world who actually thinks that the government is capable of good oversight when it comes to spending our tax dollars?

Social Security. Welfare. The IRS. TARP. Anyone want to raise your hand and say the government is doing a good job in any of those areas?

Huge bureaucracy begets lack of communication, fraud, nepotism, favoritism, sloppiness, waste and the list goes on.

Now the prez wants to add more layers of bureaucracy and wants to increase government. He's also printing money like it came on rolls of toilet tissue. And, he's consolidating power in Washington DC so fast it should scare the pants off every American citizen who cares about our country.

Putting Joe-what number is the website for oversight please-Biden in charge would be considered comedy if this weren't such a serious matter.

Mr. Obama is playing games with our heads. He is saying one thing and then doing another. He's telling his media minions what they want to hear and keeping the general masses appeased with rhetoric.

Do you really think he's serious about oversight? Do you really think the government is capable of oversight? Do you really think he intended there to be good oversight?

Max Stier does a great job of pointing out many of the shortcomings in the purported oversight of porkulus in the following article in the Washington Post:

Serious Shortcomings in Obama's Oversight of Stimulus Spending
The $787 billion economic stimulus package has raised serious questions about the ability of our federal government to fulfill its basic duties, and will require more than just the close scrutiny promised by the Obama administration.

Hardly a day goes by without a headline disclosing the failure of a federal agency to carry out its mission because it is short-staffed, under-resourced and ill-equipped, or poorly managed. These are conditions that will inevitably worsen as the government is asked to dispense billions of dollars in stimulus money as quickly as possible.
http://www.washingtonpost.com/wp-dyn/content/article/2009/02/25/AR2009022503083.html?wpisrc=newsletter&wpisrc=newsletter&wpisrc=newsletter

Tuesday, February 10, 2009

This is the voice of our future? our present? Another Obama voter speaks...

The "logic" behind the pundit piece from The Hill (below) is... not just scary, it's non-existent. He certainly doesn't understand what's in the so-called "stimulus" package, so I'm guessing he gets his news in soundbites from the mainstream media at best.

I'm not much older that this writer and in my opinion, this is the voice of someone who 1) thinks the world owes them something 2) thinks the world owes them something and 3) thinks the world revolves around them. Oh, and they also don't understand economics, what's going to happen when the bill comes due, that the money has to come from somewhere, that there are consequences for actions now, that debt compounds, that inflation happens, and, and, and, sputter, sputter.

I can't believe The Hill featured this one!

When Matt Hardigree grows up, if he ever does, he's going to look back on this pundit post and be embarrassed. That is if he doesn't turn into one of those blustering blow-hards who never admits they're wrong. Or if he doesn't get so wrapped up in a liberal cocoon that he never touches reality again.

He'll argue with me now, but believe me, there will be a point in the future when he is living with the consequences of the stimulus vote, and others coming on its heels, and he will wish he had been on the other side - even if he never admits it publicly.

Debt I'm OK With — It's the Bridge Collapse Death Scenario that Makes Me a Bit Uncomfortable
by Matt Hardigree

Sen. John McCain (R-Ariz.) called the stimulus package before Congress generational theft. Which is true. But I'm the generation you're stealing from and I'm giving you a pass on this one, OK? It's nice of you, being not of my generation by what we'll charitably call a small margin, to think about me, but we're all totally cool with this. You can have Cindy Google it. This is why I voted for the other guy. Is it really theft if you ask someone to take it from you?

I'm really pleased you considered me, especially since you were so happy to send my friends and family to die in a war you can't explain; you totally de-funded education so I had to work four jobs to get through college without mountains of debt; and you prioritized defense spending over transit so I've got to drive everywhere.

Being merely a quarter-centry old, and given what the actuarial tables say about my chances, I'm just the person in the crosshairs of this debt. I'll likely be paying taxes for the next five decades, which is something you can't say about a lot of the Republican decisionmakers. And with Democratic decisionmakers, you can't be sure they've ever paid taxes at all.

Even more so, the infrastructure built will be the infrastructure I use my entire life. The power grid built will provide the power I use to heat my house and recharge my iPhone. Those jobs will create my wealth and help start the companies I invest my retirement in. And because of that I can say this: I'm OK with the debt. Put it out of your mind. I'd rather inherit the debt than die in a fiery crash because you thought I was too cheap to invest in a few roads. I want bridges that don't fall apart.

More importantly, I want schools for my kids so they aren't cramped in a tiny classroom with 400 other kids. But hey, some moderate Dems and Reps came in and saved us from $16 billion for school construction, $1 billion for Head Start and an additional $40 billion to help states pay for education costs. Apparently, being a "moderate" means not giving a crap about kids.
But hey, I'll still get the middle-class tax cut. I can take my $500 share and get together with a few thousand other people and we'll build a school. Right? That's how it works? Oh, it doesn't? Bummer.

You know what's generational theft? NOT taking some money from us to invest in schools, roads and infrastructure so we'll have the same opportunities and facilities you had as adults. We, the future generation between the ages of 18 and 39, voted for the other guy by a margin of more than 2-to-1. We voted in such high margins we got a black guy from Chicago with a Hebrew first name, Muslim middle name and an inability to bowl elected president. For this.

By depriving us of what we need, and what we clearly asked for, you're stealing from my generation. Stop being a generational thief, John McCain.

Your generation got the space program funded by government investment, countless Pulitzer Prize-winning plays funded by government investment and some pretty sweet interstates funded by government investment. We've got Twilight, buckling highways and Pluto isn't even a planet anymore. You owe us one.

COMMENT ON THIS POST

-ab

Saturday, February 07, 2009

Good info re: what's in the stimulus package

While things have changed some since this article was written on Thursday, there's still a lot of good info on the ridiculous items included in the stimulus bill. If they wanted to stimulate the economy, they could just do a jobs package. Some tax relief and some help for the housing industry. Period. All this other stuff has nothing to do with stimulating the economy. It's simply a mechanism to consolidate power under the Democrats. We will regret this bill.

50 De-Stimulating Facts
Chapter and verse on a bad bill.

By Stephen Spruiell & Kevin Williamson
Senate Democrats acknowledged Wednesday that they do not have the votes to pass the stimulus bill in its current form. This is unexpected good news. The House passed the stimulus package with zero Republican votes (and even a few Democratic defections), but few expected Senate Republicans (of whom there are only 41) to present a unified front. A few moderate Democrats have reportedly joined them.
http://article.nationalreview.com/?q=YjcyODIyZGM2MGU1ZDdkNDgxZDc3OTNjYjM4ZDY1ODI=

Obama: Pork Happens

FRC: Last year, Sen. Barack Obama proposed more than $331 million worth of earmarks to the Appropriations Committee on Illinois's behalf. As CNN says, that was last year. On January 6, 2009, the President-elect pledged to change his ways. He vowed to the American people that the stimulus plan would be pork-free. "We are going to ban all earmarks," he insisted.

What a difference a month--and some public resistance--make. Realizing that his recovery package wasn't headed toward a fairy-tale ending, Obama did what mortal politicians do. He broke his promise. During his speech to the House Democrats' retreat yesterday, Obama returned to politics as usual. "[T]here's the argument, well, this is full of pet projects. When was the last time that we saw a bill of this magnitude move out with no earmarks in it? Not one," he said to applause. "So then you get the argument, well, this is not a stimulus bill--this is a spending bill. What do you think stimulus is?"

In his must-read column today, "The Fierce Urgency of Pork," Charles Krauthammer highlights the President's warning that if Congress doesn't act on the stimulus, the crisis would become "a catastrophe." "So much for the president who in his inaugural address two weeks earlier declared 'we have chosen hope over fear.' Until, that is, you need fear to pass a bill."

Although Republicans have tried to strip some excess from the stimulus, Democrats had a small victory of their own yesterday, defeating Sen. Jim DeMint's (R-S.C.) amendment to ban religious discrimination from the bill by a 43-54 vote. Only Sen. Olympia Snowe (R-Maine) deserted the GOP to side with her liberal pals in opposing the provision.

To hear more about the stimulus--straight from the elephant's mouth--please tune in to Washington Watch Weekly for my one-on-one conversation with Senate Minority Leader Mitch McConnell (R-Ky.). He'll help us break down the bill. Later, our own Dr. Pat Fagan will discuss Obama's socialized health care plan. For a station listing, show schedule, or to subscribe by podcast, visit www.frcradio.com.

Additional Resources
The Washington Post: The Fierce Urgency of Pork

From Family Research Council, www.frc.org

Friday, February 06, 2009

Romney: Stimulate the economy, not government

These are extraordinary times, and like a lot of Republicans I believe that a well-crafted stimulus plan is needed to put people back to work. But the Obama spending bill would stimulate the government, not the economy.

We're on an economic tightrope. The package that passed the House is a huge increase in the amount of government borrowing. And we've borrowed so much already that if we add too much more debt, or spend foolishly, we could invite an even bigger crisis.

We could precipitate a worldwide crisis of confidence in America, leading to a run on the dollar or hyperinflation that wipes out family savings and devastates the middle class.
http://www.cnn.com/2009/POLITICS/02/06/romney.stimulus/index.html

Thursday, February 05, 2009

ALG President Urges Senate to Reject “Stimulus” as Public Turns against Trillion Dollar Spending Bill

Americans for Limited Government President Bill Wilson today urged members of the Senate to vote against the trillion dollar spending bill currently being considered amidst public opinion polls showing increased opposition to the legislation's measures.

“Senate Majority Leader Harry Reid is going to ram the bill through before support drops to the single digits. It's a race,” Wilson said.

Rasmussen Reports released a poll yesterday showing only 37 percent of the American people supporting the legislation, with 43 percent now opposed. This follows an increasing wave of opposition to the bill, which passed the House last week with a price tag of $819 billion, or $1.2 trillion over a decade with interest.

“This trillion dollar spending spree by Congress to claim they 'did something' for the economy is a rotting carcass,” said Wilson.

“The public is growing wise to what their Congress is up to, and they know it stinks,” Wilson added.

Wilson noted that even if the legislation does pass the Senate today, it will not reach the President's desk until next week the earliest.

“The House and Senate still would need to reconcile their two bills in a conference committee,” Wilson said. “And if past experience is any indication, the bill, which already contains plenty of wasteful provisions that will not stimulate sustainable economic growth, will only get worse.”

The bill contains provisions to balance state government budgets, expand Medicaid, boost education spending, food stamps and unemployment benefits, build federal buildings, provide more for public housing, construct climate change supercomputers, erect trade barriers overseas, create refundable tax credits, and other provisions that Wilson believes are “nothing more than special interest handouts.”

Yesterday, 18 free market and limited government leaders released a joint letter critical of provisions in the legislation already passed by the House of Representatives.

“They need to know that there is still time to tell their Senators to vote 'no', and that even if the bill passes today, there will still be yet more time to tell both the House and the Senate to vote 'no' on the conference report,” Wilson added.

Wilson believes that by that time, public opposition and protest against the legislation will reach a fever pitch.

“Time is not on Congress' side right now. And there will undoubtedly be political consequences for anyone that votes for this trillion dollar turkey,” Wilson concluded.

Monday, January 26, 2009

Stop the Stimulus

From Read My Lipstick Network:

I don't normally send out group emails, but this one is SO critical. Let's make this viral! We only have TWO days left to stop the stimulus. Visit www.readthestimulus.org for details on the bill then be sure to go to www.nostimulus.com and sign the petition. Don't stop there, call Congress, write letters, post blogs, send emails, send faxes! If enough people call and voice their opinion we CAN stop the stimulus.

Join me in taking a stand in the first major policy battle of President Obama's Administration.

You've seen the coverage of the approximately $1 trillion debt scheme pushed by Speaker Pelosi and President Obama that's being called the "Stimulus Package."

Sadly, many politicians in Washington, DC really believe that driving our nation even deeper into debt and using our money for wasteful government spending boondoggles is the way to get us out of the current recession.

These political leaders don't realize that massive deficits, higher taxes, wasteful spending and heavy-handed regulation are primary reasons for the current recession.

You can fight back today by visiting www.NoStimulus.com and joining the growing army of taxpayers saying NO by signing Americans for Prosperity’s petition to stop this disastrous trillion-dollar debt scheme, known as the “Stimulus Package.”

It is critical that we send a loud and clear message to DC politicians that ordinary citizens simply cannot afford the crushing burden and devastating consequences of this initiative.

Please act now to make your voice heard -- and encourage your friends and family to do the same -- by signing AFP’s petition at www.NoStimulus.com.

Saturday, January 24, 2009

Your tax dollars to now fund abortions around the world

Whether you are pro-abortion or pro-life, this one is hitting everyone in the pocket-book and should have your wondering about Mr. Obama's priorities if nothing else.

At a time when we're being asked to swallow stimulus packages and Obama initiated plans with price tags too large for us to comprehend, the new President has chosen to start sending millions and millions of our tax dollars around the world to fund abortions.

He did it with no fanfare and no press late Friday night. In the dark of the night, with the stroke of a pen, he opted to fund the taking of lives around the world with our hard-earned tax dollars. Those dwindling dollars we're doing everything we can to hold onto at the moment.

How can he justify sending our money, our children's money, to fund abortions in other countries at a time when we're hearing from his lips that things are going to get a lot worse before they get better? Pro-life or pro-choice, this one should raise your ire.

From the AP article linked below (emphasis mine):
"For too long, international family planning assistance has been used as a political wedge issue, the subject of a back and forth debate that has served only to divide us," Obama said in a statement released by the White House. "I have no desire to continue this stale and fruitless debate."

He said the ban was unnecessarily broad and undermined family planning in developing countries.

"In the coming weeks, my administration will initiate a fresh conversation on family planning, working to find areas of common ground to best meet the needs of women and families at home and around the world," the president said.

Obama issued the presidential memorandum rescinding the Bush
policy without coverage by the media, late Friday afternoon.
The
abortion measure is a highly emotional one for many people, and the quiet signing was in contrast to the televised coverage of Obama's announcement Wednesday on ethics rules and Thursday's signing of orders on closing the Guantanamo Bay prison camp and banning torture in the questioning of terror suspects.
His action came one day after the 36th anniversary of the landmark Supreme Court ruling in Roe v. Wade that legalized abortion.

From the Family Research Council:
'Planet' Parenthood
After granting a 24-hour stay on the execution of the unborn, President Obama delivered today on his promise of taxpayer-funded promotion of abortion. This afternoon, the new administration inked the order overturning the "Mexico City policy" and unleashing millions of federal dollars to international abortion groups. Of course, it was no accident that the new president postponed the act until the last possible minute on Friday, knowing the repeal would be buried in the weekend headlines. Issuing it now means that even the presidential blackberry will get more media coverage than his international abortion bailout. The end of "Mexico City" is nothing less than a tragedy for the world's poor. For more on this and other events of this week, watch the video I've recorded which can be seen at www.frcblog.com. (video posted at the end of this blog)

Obama reverses abortion-funding policy
CNN - USA
"By signaling his intention to restore US funding for UNFPA, the UN Population Fund, President Barack Obama is signaling his re-engagement with the...

Obama Reverses Bush Abortion-Funds Policy
ABC News - USA
By MATTHEW LEE and LIZ SIDOTI AP Writers
AP President Barack Obama, walks through the kitchen area of the Brady press briefing room at the White....

The Times Ignores March for Life for Second Year Running
A few dozen left-wing activists protesting Rev. Rick Warren were worthy of a Times story plus a large photo. But when tens of thousands marched in D.C. at the pro-life March for Life, they were completely ignored by the Times for the second year in a row.

Obama reverses Bush abortion-funds policy
WASHINGTON (AP) - President Barack Obama on Friday struck down the Bush administration's ban on giving federal money to international groups that perform abortions or provide abortion information - an inflammatory policy that has bounced in and out of law for the past quarter-century. Obama's move, the latest in an aggressive first week reversing contentious Bush policies, was warmly welcomed by liberal groups and denounced by abortion rights foes. http://apnews.myway.com/article/20090124/D95TDP100.html