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February 10, 2009

So The "Stimulus" Will Pass

Thanks to three Republicans who are fearful that we must do "something." Did you see that article in Bloomberg yesterday that totaled up the money spent so far?

Feb. 9 (Bloomberg) -- The stimulus package the U.S. Congress is completing would raise the government’s commitment to solving the financial crisis to $9.7 trillion, enough to pay off more than 90 percent of the nation’s home mortgages.

The Federal Reserve, Treasury Department and Federal Deposit Insurance Corporation have lent or spent almost $3 trillion over the past two years and pledged up to $5.7 trillion more. The Senate is to vote this week on an economic-stimulus measure of at least $780 billion. It would need to be reconciled with an $819 billion plan the House approved last month.

Only the stimulus bill to be approved this week, the $700 billion Troubled Asset Relief Program passed four months ago and $168 billion in tax cuts and rebates enacted in 2008 have been voted on by lawmakers. The remaining $8 trillion is in lending programs and guarantees, almost all under the Fed and FDIC. Recipients’ names have not been disclosed.

Scary scary stuff. How dare we "Little People" question the Noted Tax Cheat at Treasury about where OUR money is going.

How is half of such a sum ever to be paid back? And so these 60s Generation Live For Today, Avoid Responsibility At All Costs Self-Centered asshats, these bastards, both in the business world and the government, have saddled our children with an enormous level of debt, one that will crush them for many many years.

And now we have this "stimulus" package which Obama declares

"The plan that we've put forward will save or create 3 million to 4 million jobs over the next two years."

Let's say it will be 4 million; hell, I'm feeling generous. $820 Billion for 4 million jobs. That's $205,000 per job. You want to really stimulate the economy? Pick four million names out of a hat and give each of them 200 grand, no government strings attached.

That will do a lot more for the economy than this dung heap will.

Posted by Mr. Bingley at February 10, 2009 06:29 AM

Comments

On Tueday, my allegedly Republican governor will be in Ft Myers kissing the Obamessiah's tush. Why again am I going to vote for him next year?

Posted by: barking spider at February 10, 2009 06:54 AM

We Are So Screwed.

Posted by: Ken S, Fifth String on the Banjo of Life at February 10, 2009 06:15 PM

Barking Spider, Crist doing that made me nauseous. Still, just keep in mind that the Dems WILL be worse, whether Crist is running for reelection or for Marinez's Senate seat.

I love how the Dems are trying to just brush under the run the fact that their own Congressional Budget Office has said outright that in the long term, this bill will make things worse than doing nothing.

Posted by: Dave J at February 10, 2009 07:19 PM

Dave J, you have highlighted a personal issue I have every two years. That is, how bad does a Republican have to be before I say, "No mas"?

I have to confess, if I were in a state where the presidential election outcome was locked up, (like Utah or Oregon) I would have went third party. Instead I cast a vote in Florida out of fear of the Obamessiah.

And what do I have to look forward to in 2010? Crist will screw me (only figuratively, you rumormongers) but I'm terrified of the other guy?

Posted by: barking spider at February 11, 2009 10:07 AM

Afe1QJ

Posted by: Oqkkuwmt at July 14, 2009 09:36 PM