Pelosi’s Porky Pigout Poison Package–Economy Wrecker and Job Destroyer–Have A Blue Christmas 2009!

Posted on February 4, 2009. Filed under: Blogroll, Economics, Employment, Immigration, Investments, Links, People, Quotations, Rants, Raves, Regulations, Resources, Strategy, Taxes, Video | Tags: , , , , , , |

 

The Stimulus Package Costs $250 000 to create each job. Will Obamas Plan work?

 

A wise and frugal government, which shall leave men free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor and bread it has earned — this is the sum of good government.

~ Thomas Jefferson

 

 The so-called “stimulus package” is really just a super pork bill to payoff the Democratic base about the time of the next election in 2010. 

Unfortunately for the millions of unemployed Americans who are losing their homes, worring about paying for food and gas to find a job, and those Americans hoping they will keep their jobs and ride out the recession, this stimulus bill is too little, too late, and too bad for you and me.

In reality it is just more government spending and more government debt to be paid for by all the American people to payoff the friends of Democrat mob such as the banks, auto companies, United Auto Workers, ACORN, Planned Parenthood and government union employees!

The unemployment stimulus bill is exactly what one would expect from the political class  or elites of both  parties that does not give a damn about the American people but is only interested in staying in power and paying off it friends and those who contribute to their political campaigns–play for pay!

 

McLaughlin Group On Stimulus Bill

 

Newt Gingrich blasts Pelosi and the 800 billion dollar pork spending bill

 

Codependent Nation?

http://www.youtube.com/watch?v=YvgBhXZSdKU

 

Senators Tom Coburn and Ron Wyden on the Stimulus bill

 

Bill Beach on Bloomberg TV

 

 In-Depth Look – Senate Debates Stimulus Bill – Bloomberg

 

Cutting Government Spending: Advice for Obama

  
 

Glenn Beck of FNC Describes whats actually in the Stimulus Package 1/28/09

 

Glenn Beck: Stimulus Package Comes With Billions In Pork

 

 The None Stimulus Package (Bill) – Glenn Beck and Dennis Kucinich Agree the Federal Reserve Sucks

 

 A stimulus bill favoing illegal aliens:

 White Males Need Not Apply For Stimulus Package- Racism is Alive and Well in the “White House”

 

Why the New Economic Stimulus Bill Will Fail

 

Ben Stein on The Glenn Beck Show Jan 30/09

 

It is time for the American people to join the second American Revolution and march on Washington, D.C. on Saturday, July 4, 2009 for a tax holiday and the FairTax:

 

American People’s Plan = 6 Month Tax Holiday + FairTax = Real Hope + Real Change!–Millions To March On Washington D.C. Saturday, July 4, 2009! 

Tea Parties Take Off In Texas–Spreading Nationwide–Are You Going To Washington Fair? Millions Celebrate The Second American Revolution–Saturday, July 4, 2009

  

FAIRTAX AD

 

 Support the FairTax

 

The job you save may be your own!

Real economic stimulus happens when consumers spend their hard earned money on what they want:

Where a new invention promises to be useful, it ought to be tried.

~Thomas Jefferson  

 

Background Articles and Videos

Americans to Congress: Pass Some Version of Stimulus

 

Response to Obama, 4: What’s wrong with Obama’s Leftist View


 

Response to Obama, 5: Tax Rates and Job Creation

 

 Response to Obama, 6: The Difficulty of Change

 

Response to Obama, 7: Liberals and the fall of Detroit

 

 

Photoshop of the day: Schmucky says “Let them eat pork”

By Michelle Malkin  

 

“…Our wonderful friend and Photoshop guru Tennyson Hayes has returned with yet another delicious take on Beltway snobs. In response to Sen. Chuck Schumer’s derision of Americans who care about the pork in the porkulus, Tennyson powders up Schmucky and tops him off with Marie Antoinette’s big white wig.

Perfect: …”

http://michellemalkin.com/2009/02/20/photoshop-of-the-day-schmucky-says-let-them-eat-pork/

The Stimulus Package Is More Debt We Don’t Need

Can Obama really defend this ‘line by line’?

“As the Senate considers a massive $1.1 trillion stimulus bill, it is vital that the American people ask hard questions of their elected officials. When they do, it will become very clear that the bill will not only fail to stimulate the economy, but could seriously delay economic recovery.

As a nation, we got into this mess by spending and investing money that didn’t exist. We won’t get out of it by doing more of the same.

Yet this is precisely what this bill proposes we do. Less than 10% of the bill could be considered true stimulus, if one assumes tax credits and infrastructure spending will jolt the economy. The other 90% of the bill represents one of the most egregious acts of generational theft in our nation’s history, with taxpayer money going to special-interest earmarks, an ill-conceived bailout to states, and permanent spending increases that expand government’s reach in areas like health care and education.

The bill’s selling point is that three million jobs will be created or saved by this package. What’s alarming is that each job will cost $286,000 to create or save. Moreover, one in five will be a government job. …”

http://online.wsj.com/article/SB123371083449746103.html

 

 

Coburn Fights Generational Theft Act, aka  Senate Stimulus Bill

“…“The fundamental problem with this bill is that it fails to address the root problem, which continues to be toxic assets in the mortgage market. The bill also includes a reckless bailout to states that would effectively nationalize state governments. A state bailout would remove any incentive for states to make hard choices and balance their budgets. This misguided step could fundamentally and permanently alter the relationship between state and local governments. I intend to address this problem with an amendment that would turn the bailout to states into a temporary emergency loan program that would allow struggling states to borrow money at a low-interest rate,” Dr. Coburn said. …”

Wasteful and Non-Stimulus Spending Provisions

• $2 billion earmark to re-start FutureGen, a near-zero emissions coal power plant in Illinois that the Dept. of Energy defunded last year because the project was inefficient
• A $246 million tax break for Hollywood movie producers to buy motion picture film
• $650 million for the digital television (DTV) converter box coupon program
• $88 million for the Coast Guard to design a new polar icebreaker (arctic ship)
• $448 million for constructing the Dept. of Homeland Security headquarters
• $248 million for furniture at the new Dept. of Homeland Security headquarters
• $600 million to buy hybrid vehicles for federal employees
• $400 million for the CDC to screen and prevent STD’s
• $1.4 billion for a rural waste disposal programs
• $150 million for Smithsonian museum facilities
• $1 billion for the 2010 Census, which has a projected cost overrun of $3 billion
• $75 million for “smoking cessation activities”
• $200 million for public computer centers at community colleges
• $75 million for salaries of employees at the FBI
• $25 million for tribal alcohol and substance abuse reduction
• $10 million to inspect canals in urban areas
• $6 billion to turn federal buildings into “green” buildings
• $500 million for state and local fire stations
• $650 million for wildland fire management on Forest Service lands
• $150 million for Smithsonian museum facilities
• $1.2 billion for “youth activities,” including youth summer job programs
• $88 million for renovating the headquarters of the Public Health Service
• $412 million for CDC buildings and property
• $500 million for building and repairing NIH facilities in Bethesda, MD
• $160 million for “paid volunteers” at the Corporation for National and Community Service
• $5.5 million for “energy efficiency initiatives” at the VA “National Cemetery Administration”
• $850 million for Amtrak
• $100 million for reducing the hazard of lead-based paint
• $75M to construct a new “security training” facility for State Dept Security officers when they can be trained at existing facilities of other agencies.
• $110 million to the Farm Service Agency to upgrade computer systems
• $200 million in funding for the lease of alternative energy vehicles for use on military installations.
• State Medicaid Bailout: $87.7 billion Through 3 different mechanisms, the bill would provide additional federal funds to state Medicaid programs over the next 3 years. This is nearly $70 billion more than the governors asked President Obama for in December, and should be a loan to be repaid by the states.

Questionable Policy

• Eliminates fees on loans from the Small Business Administration, thus pushing private capital toward unproductive businesses and away from productive businesses.
• Increases the definition of “youth” for certain summer job programs from age 21 to age 24.
• $160 million to the Job Corps program at the Dept. of Labor, but not for job programs – rather, to construct, alter or repair buildings.
• Requires a government study on the impact of minimum wage laws on the Northern Mariana Islands and American Samoa.
• $79 billion State Fiscal Stabilization (slush) Fund to bailout the States by providing billions of dollars for “education” costs of any kind.
• $47.843 billion is appropriated for a variety of energy programs that are primarily focused on renewable energy development and energy conservation/efficiency. Not one dollar is appropriated to make fossil fuels more affordable in the near future. More than $6 billion of these funds go to environmental clean ups.
• Increases eligibility for “weatherization” assistance to households 200 percent above the poverty level.
• The “Making Work Pay” credit of $500 to every individual making less than $75,000 (or $1000 to couples making $150,000 or less) would pay people whether they are productive or not – akin to welfare.
• The Supplemental Nutrition Assistance Program (SNAP – food stamps) would temporarily suspend the 3-month limit for non-working adults to receive SNAP benefits, thus giving incentives not to find a job.
• Installs government as the creator of broadband deployment regardless of whether the specific local/regional market can sustain it.
• Funds new “green jobs” job-training program without eliminating inefficient job-training programs or consolidating duplicative job-training programs.
• $890 million to the Social Security Administration without any provisions to reduce improper payments, or any plan to increase solvency of the trust fund.
• Nothing requires the products that are purchased with these funds be here in America. Lithium ion batteries, for instance, are primarily made in Asia.

http://coburn.senate.gov/public/index.cfm?FuseAction=RightNow.Home

 

Obama Ducks Hard Choices

“…The decision by Obama and Democratic congressional leaders to load the stimulus with so many partisan projects is politically shrewd and economically suspect. The president’s claims of bipartisanship were mostly a sham, as he skillfully maneuvered Republicans into a no-win position: Either support a Democratic program, or oppose it—and seem passive and uncaring.

But the result is that the stimulus, as an act of economic policy, is hobbled. A package so large can be defended only because the economy is so weak—and seems to be getting weaker by the moment. The central purpose is simple: halt downward momentum. Perhaps some of the out-year spending might ultimately prove useful. But the immediate need is for the stimulus package to stimulate—now. It needs to be front-loaded; it isn’t.

Obama’s political strategy fails to address adequately the economy’s present needs while also worsening the long-term budget outlook. Some of his “temporary” spending increases in practice will almost certainly become permanent. There were tough choices to be made—and Obama ducked them. …” 

http://www.newsweek.com/id/182762/page/2 

 

The Case for No Stimulus 

  [David Freddoso]

“…For the last three months, Americans have been treated to a debate over what the government can do to ease the effects of the current recession and bring about a speedy recovery. Lawmakers of both parties are now considering a very large stimulus package.

But there is a catch. Every penny of such a package must be borrowed, because the government is already running a $1.2 trillion deficit this year and faces a $703 billion deficit for next year, according to the non-partisan Congressional Budget Office. The question, then, is whether the government can help the economy by spending money if it can only do so by first sucking that money out of the economy. It is a question that surprisingly few public voices are expressing.

I spoke Monday with the Heritage Foundation’s leading budget analyst, Brian Riedl, about deficit spending as a silver bullet for ending recessions, and about whether the stimulus package now proposed is necessary or even helpful.

 

NRO: In this stimulus debate, no one is answering or even discussing an important question: Where is the money coming from? Can you stimulate the economy by spending money that you must first remove from the economy by borrowing?

Riedl: That is a great question. The grand Keynesian myth is that you can spend money and thereby increase demand. And it’s a myth because Congress does not have a vault of money to distribute in the economy. Every dollar Congress injects into the economy must first be taxed or borrowed out of the economy. You’re not creating new demand, you’re just transferring it from one group of people to another. If Washington borrows the money from domestic lenders, then investment spending falls, dollar for dollar. If they borrow the money from foreigners, say from China, then net exports drop dollar for dollar, because the balance of payments must adjust. Therefore, again, there is no net increase in aggregate demand. It just means that one group of people has $800 billion less to spend, and the government has $800 billion more to spend. …”

http://corner.nationalreview.com/post/?q=YWE0OGQyMzNiMjg4MGNkZDc1N2I1NzlkMzY2YTQ2NDE=

 

Public Support for Economic Recovery Plan Slips to 42%

 

“…Forty-two percent (42%) of the nation’s likely voters now support the president’s plan, roughly one-third of which is tax cuts with the rest new government spending. The latest Rasmussen Reports national telephone survey shows that 39% are opposed to it and 19% are undecided. Liberal voters overwhelmingly support the plan while conservatives are strongly opposed.

Last week, support for the President’s plan was at 45% and opposition at 34%.

As they consider the size and scope of the $800-billion-plus economic recovery plan, 46% are worried that the government will end up doing too much while 42% worry that it will do too little (see trends).  …”

 

http://www.rasmussenreports.com/public_content/business/general_business/public_support_for_economic_recovery_plan_slips_to_42

 

More on the Stimulus

We do have a sense of how Americans react to some specific items that may be included in the plan (see the analysis from both the (Washington Post and ABC News and Q30 on the NBC/Wall Street Journal poll) and about their continuing fears of excessive government spending (see Q17 and Q27 on the NBC/WSJ poll). Of course, we also know a lot about perceptions of Obama and the Congress. Which of these, if any, will be most important in shaping the sure-to-evolve opinions on the stimulus plan? Your guess is probably as good as mine.

So, going back to the results in yesterday’s post, we know something about where public opinion on “the economic stimulus” is now, and “tepid support” is about the right phrase to use. Knowing where public opinion may be in a month or in six months, however, is very hard to predict. …”

http://www.pollster.com/blogs/more_on_the_stimulus.php 

 

Sen. Coburn: Obama’s stimulus is “morally reprehensible” and “the worst act of generational theft in our nation’s history”

By Michelle Malkin  

“…Sen. Coburn gave a terrific, moving, conservatively-grounded, and inspired floor speech late last night on the Obama Generational Theft Act of 2009. He defended market capitalism, assailed wealth distributionist programs and government corruption, and decimated the pork in the Democrats’ behemoth package.

Most importantly, he outlined repeatedly how this debt stimulus would be built on the backs of our children and grandchildren. He said last night on the floor: “This plan steals the future of the next two generations.”

On his website (and in a WSJ op-ed), Sen. Coburn reiterated this theme: “When the American people learn what this bill contains they will reject it. This bill is about spending money we don’t have on things we don’t need. We got into this mess by spending and investing money that didn’t exist. We won’t get out of this mess by doing more of the same. Yet, that is precisely what we are doing,” Dr. Coburn said. “Instead of delivering change, this bill celebrates the politics of the past. The bill represents both the mindless partisanship of recent decades, and the failed interventionist policies of the 1930’s. The Senate can, and must, do much better. As currently written, this bill represents the worst act of generational theft in our nation’s history.” …”

http://michellemalkin.com/2009/02/04/sen-coburn-obamas-stimulus-is-morally-reprehensible-and-the-worst-act-of-generational-theft-in-our-nation%e2%80%99s-history/

 

Brian Riedl debates economic stimulus on C-SPAN

 

Reforming Entitlement Spending: Advice for Obama

 

John Stossel on Glenn Beck on Fox News Channel 01/22/09

 

Glenn Beck A Closer Look At The Progressive Movement

 

Hayek Warns of “Omnipotent Elected Assembly”

Friedrich A. Hayek, Nobel laureate in economics and recipient of the Presidential Medal of Freedom in 1991, responds to a question posed by a student at Stanford University in the 1970s. The question pertains to the prospect of free markets in a democracy if reform measures are seen as unpopular.

 

“Overwhelming” GOP Opposition to Stimulus Bill 

 Byron York

“…It’s also clear that Republicans, battered after big losses in 2006 and even bigger losses in 2008, are finding their feet on this issue.  The House leadership is running hard on this, trying to make sure every Republican knows what is in the 647-page bill, and handing out individual analyses to each GOP member of what the bill, if passed, would cost his or her particular congressional district.  At the same time, Republicans are looking for any signs of Democratic nervousness about the proposal.  They see a few, but there’s no doubt that Democrats, with 256 members (to 178 Republicans) are going to push the bill through.  They have to; anything other than the passage of the bill as currently written would be an enormous defeat for the new president, and Democrats simply will not allow that to happen.  They won the election, they’ve got the numbers, and they’re going to get their bill.  And Republicans, finally, have something to be united about. …”

http://corner.nationalreview.com/post/?q=YjY0NzVlMTdlZmQ2MDQ5NDVmN2NlODE0NmM0ZGYwYjY=

 

Priming the Pump: Policymakers Should Consider with a …

 

This Week in Washington: February 9, 2009

LOL

Pelosi is an Idiot and Obama has No Balls…

 
 

Related Posts On Pronk Palisades

American People’s Plan = 6 Month Tax Holiday + FairTax = Real Hope + Real Change!–Millions To March On Washington D.C. Saturday, July 4, 2009! 

Tea Parties Take Off In Texas–Spreading Nationwide–Are You Going To Washington Fair? Millions Celebrate The Second American Revolution–Saturday, July 4, 2009

A Common Honest Mistake: –Give Me A Break

His answer seems relevant today given the crisis in the United States and particularly in regards to the proposal submitted to Congress by Treasury Secretary Paulson.


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