Senate Republicans have vowed to resist the huge spending bill Barack Obama and the democrats want to pass.
The senators denied they were indulging in political games against Obama, insisting that the 819-billion-dollar stimulus bill would prove a colossal waste of money without a greater emphasis on tax cuts and targeted investment.
“This isn’t about playing the game, this is about doing something good for the American people,” Republican Jon Kyl said at a briefing with several of his Senate colleagues, accusing the Democrats of ignoring their objections.
“It doesn’t seem they were interested in the same kind of bipartisan outreach that the president was,” Kyl said. “We are too often met with this response: ‘we won.’”
Senator Bob Bennett said he had no desire to see the new president stumble in his first major legislative effort in Congress.
“As an American I want to see the right thing done regardless of who gets the credit,” Bennett said. “I’m going to vote against this package because it won’t work.”
Senator Roger Wicker echoed his colleagues in calling for more time for debate, highlighting a full-page ad by more than 300 free-market economists in the Washington Post against the stimulus package.
“Ladies and gentlemen, a trillion dollars is a terrible thing to waste,” he said. “Let’s be careful we’re not making the situation worse in an attempt to make it better.”
A week-long charm offensive by Obama failed to win over even a single Republican when the House of Representatives voted 244-188 to pass the economic package late Wednesday.
The stimulus bill now moves to the Senate, where Republican stalling tactics could prove more troublesome for Obama.
What most of the media and President Obama don’t seem to understand is that if you take a crap sandwich and wrap it in charming paper it’s still just a big crap sandwich on the inside. I don’t care how charming President Obama may be, it doesn’t change the fact that he and his cohorts want to spend one trillion of our dollars.
The accusations of the Republicans being partisan are also crap. House Republicans offered up their own plan, which really would stimulate the economy. The Nancy Pelosi and Barack Obama didn’t want any part of their plan, because it doesn’t give any money to their top supporters. Of course we won’t hear that reported by the MSM.
I was shocked that the House repubs hung together and voted it against the bill. Let’s hope the repubs in the Senate can shock me as well.
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Politico is reporting that the Gang of 14 may be back, so our hopes may be dashed:-(
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did the economic collapse start in JUNE of 2007 , because of a election cycle that was designed to be class warfare as the way to tip the scales of power that have now left us all in peril ?????
WAS IT A SIGNAL TO THE Multi-National Investor that was the guaranteeing force in the financial Industry that was so masterfully constructed over the years by Bill Clinton and his free trade policy that put all these people into the upper echelons of the world wide economies , that are or were also the main beneficiaries of these markets , to get out of the financial guarantee markets because the election year was going to be a class warfare style one that would crash markets worldwide so a New Socialist order could be installed by one or the other Democrat whoever might that be , ?????? this all makes sense if you look at how this fits into the plan of slowing down consumer driven growth markets like Al Gore so desperately wants , and the ideology of all things Universal like healthcare and control over the economic to control what is made and distributed ????
this trend started about the time Clintons pulled all their investments out of the market place , was this a signal to the international Guarantee Financial Investors that ended up collapsing the financial sector that then led too all sectors collapse ??
this trend started about the time Clintons pulled all their investments out of the market place , so was this a signal to the International Investor pool that guaranteed the financial Industry that it was time to Pull out of the Markets because the Election season was going to get rough with Class warfare rhetoric ?????????
Clinton Says, “Sell Everything!”
Jun 18, 2007 … Taking their winnings off the table so as not to suffer … That would certainly explain the wholesale sell-off of their stock investments, right? … But in any market — even during the bubble — there are … of needing to sell off $50 million worth of ‘em and eke out a living on the interest. …
http://www.fool.com/investing/general/2007/06/18/Clinton-says-sell-everything.aspx
The Investors are scared to death to put their money to work , because they were told last year all year long that they were evil for being too rich , and that the change the country needed was to take that profit away and give it to the poor , so the International Investor not seeing any reason to sustain a Position in capital markets , because the Law in Washington says they are going to take the profit away if anyone makes a profit , so they left the Capital guarantee markets , and then once this happened the financial markets could see a void developing in the capital Insurance markets , and this lead to a fear of default developing , and the eventual demise we see today in the markets , and the reason for the Government to have to print money like a wild dog , to try and stop the vacuum of fear running for the banks by the average citizen who all of a sudden were seeing this trend unfold , but its was a situation that started with the opinion that developed that was driven by those who pined the lower class voter against the upper class , these being the investor who guaranteed the financial capital markets with the tactic of hate those rich people and put me in power and I will make them pay you for all your misfortune that they are taking from you the consumer .
So today we have nothing , no Incentive for investors to want to form their capital around , the very design that the Keynes design talks about , in that for every one part of government spending the private sector will multiple that times 3-4 , but the fear is that if the minute that a investor makes any money at all the Big Brother is standing right there to take it back away , so the Investor sitting on the side lines is going to stay there until Big Brother makes a call that suggests that they are not going to beat the heck out of the word RICH , making it a example of envy , and such to the point that these investors hoard their capital and hide away in some remote place away from the hate of those who have wealth . THIS hate thats developed between the wealthy and the not so wealthy has to change , we need a different atmosphere to be cast down upon the Free Markets so that all people can be acceptable of each other again , or the Keynes Capital Formation will not take place , and the Government will just continue to have to print money like a wild animal trying to keep cash flow going and in the end all will go broke , because no one will have any faith in any thing , and this will get to a point that it even starts to affect the production of our Vital Needs ‘ Food Production sectors , which cannot be immediately re-booted to keep the supply consistent , because there are only 2 planting times a year and if these times are missed or shortened because of interruptions in materials and energy for these vital timing plantings we will see extreme drops in production and food shortages will emerge , and that will be to late to be able to alter the effects , and if this genie is let out of its bottle , thats when we all will see a world that goes out of total control .
We need to put incentives back into the Risk -Reward Capital markets , by way of allowing a profit mechanism to be re-established so that the Keynes Multiplying concept will happen with the Government spending stimulus Plan .
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