Please, for all that is still American, send this out...!
We're talking about the Democrats' upcoming $1 trillion 'stimulus' plan:
Does that testimony reassure you to the point of wanting to give this guy $1 trillion of taxpayer money? That's what's going to happen if the
Not only will it not provide any jobs, but it won't even work to stimulate the economy:
Another fun fact is that they're literally saying that this 'stimulus' money should only be given to select minorities:While the Obama administration and Democrats in Congress keep upping the ante on the new stimulus package, the Congressional Budget Office thinks the entire exercise is pointless. Their new report states that at least half of the money will come too late to have any effect on the recession. Most of the money gets spent far too late to boost the economy in the short term:
Less than half the money dedicated to highways, school construction and other infrastructure projects in a massive economic stimulus package unveiled by House Democrats is likely to be spent within the next two years, according to congressional budget analysts, meaning most of the spending would come too late to lift the nation out of recession.
A report by the Congressional Budget Office found that only about $136 billion of the $355 billion that House leaders want to allocate to infrastructure and other so-called discretionary programs would be spent by Oct. 1, 2010. The rest would come in future years, long after the CBO and other economists predict the recession will have ended. …
But the CBO analysis appears to confirm the complaints of many Republicans and other critics, who have long argued that spending money on highway construction and other infrastructure projects is ineffective at quickly jolting a sluggish economy. The report was distributed to reporters yesterday by aides to Senate Minority Leader Mitch McConnell (R-Ky.)
Barack Obama has named his priorities for rebuilding America as infrastructure and alternative energy. The stimulus supposedly will rebuild the economy by focusing the government spigot towards these two areas. If so, that spigot seems a little narrow. The CBO notes that only $4 billion of the $30 billion for highways gets spent in the first two years. On energy, less than $3 billion of the $18.5 billion will be used before 2011. Only half of the $14 billion budget for school construction and renovations will get spent before then, too.
In other words, the stimulus package appears to be nothing more than a big pork product designed to benefit Congress and Obama much more than the economy.
You know, I thought that Obama becoming President meant the end of racism, but apparently not. It's too bad that white people have the same kinds of needs as black people, yellow people, purple people, and all other people: food, shelter, and jobs. Otherwise, this plan might work. Michelle Malkin:
Yes, God forbid the jobs go to people with track records and experience. God forbid we judge stimulus recipients on the content of their resumes as opposed to the color of their skin.Back to the 'stimulus' - why in the world are they doing it at all if it won't work? First rule of politics: follow the money.
The Wall Street Journal reports on what everyone already knows: the federal bailout serves as nothing more than a political payoff machine. As long as lenders have friends in Washington, they’ll get TARP funds, regardless of how they’ve run their bank or their current health as a lender. Barney Frank leads the pack in the new version of pork:
Troubled OneUnited Bank in Boston didn’t look much like a candidate for aid from the Treasury Department’s bank bailout fund last fall.
The Treasury had said it would give money only to healthy banks, to jump-start lending. But OneUnited had seen most of its capital evaporate. Moreover, it was under attack from its regulators for allegations of poor lending practices and executive-pay abuses, including owning a Porsche for its executives’ use.
Nonetheless, in December OneUnited got a $12 million injection from the Treasury’s Troubled Asset Relief Program, or TARP. One apparent factor: the intercession of Rep. Barney Frank, the powerful head of the House Financial Services Committee.
Mr. Frank, by his own account, wrote into the TARP bill a provision specifically aimed at helping this particular home-state bank. And later, he acknowledges, he spoke to regulators urging that OneUnited be considered for a cash injection.
Members of the Board of OneUnited have been extremely generous to many Democratic candidates over the years. Just look here, here and here for examples.
Here's why Congress has suddenly caught bailout fever:
TARP actually works better than pork; it gets more dollars to the politically connected and gets the money there faster.And they're relying on an ignorant American public to get it done. If every American knew what was involved in this 'stimulus', Congress would be gutted wholesale in the next election. Unfortunately, they're using terms like 'stimulus' and talking about job growth (knowing it's not going to happen) to give people juuuuust enough information to think it's a worthy effort, and to support it. The reality is that Congress is P.T. Barnum's best pupil.
Who’s watching for abuses? No one. Treasury has so far declined to explain their reasoning on how they spend TARP, and Congress keeps giving them more money anyway. Even regulators don’t know how the system works. Some banks get cash, while others get told to pound sand, even though they have healthier balance sheets than the lucky recipients. The only conclusion anyone can reach is that some states have more political leverage in Washington than others.
But there's more. If you're not angry yet, this should do it:
Right now Congress is considering a stimulus package likely to grow to $1 trillion before the process is over, and there's talk of a multi-trillion TARP II in the near future. Expect hundreds more such tales if those measures pass.Congress is insane. They have become so utterly beholden to their lobbyists and political hack friends that they are quite literally bankrupting the entire nation -- and this is the biggest economy ever seen on planet Earth, with a total value of over $14 trillion -- just to make those hack friends filthy rich.
Here's one last thought for you to consider. What will happen shortly after Oct. 1, 2010? And what will happen shortly after the end of 2011?
Elections.
This 'stimulus' package is nothing more than a thinly disguised way for Obama and the Democrats to buy themselves the next two elections using your taxpayer dollars.
There are a handful of Republicans who are standing against this scam, but with the new Democrat majorities there are not enough of them to stop it. The only thing that can do that is an outraged American public. If you're pissed about what Congress is doing with all of this, you need to call them and let 'em have it. The number for the switchboard is 202-224-3121. Call and ask to speak with the Senators/Representative from your state, and then give 'em hell. Then do it again in a day or two, and again a day or two after that. The only way those morons in Washington will stop this from moving forward is if they fear losing their job at the next election, and that will only happen if they get thousands of angry phone calls between now and the vote (which is likely to come up in the next couple weeks).
So get to it. The stakes are high - the economic future of our nation. If you won't do it for yourself, do it for your children and grandchildren.
There's my two cents.
Sources:
http://gatewaypundit.blogspot.com/2009/01/figures-dems-blow-1-trillion-cant.html
http://hotair.com/archives/2009/01/22/tarp-funds-go-to-the-politically-connected/
http://www.weeklystandard.com/weblogs/TWSFP/2009/01/news_flash_democrats_use_tarp.asp
http://hotair.com/archives/2009/01/21/cbo-stimulus-package-too-much-too-late/
http://www.weeklystandard.com/weblogs/TWSFP/2009/01/obama_team_on_defensive_after.asp
http://minx.cc/?post=281588
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