Democrats Starting to Panic About Economy


And When Democrats Panic, You Pay

Democrats in Congress are set to draft another ‘stimulus’ package — one that will waste hundreds of billions of dollars on projects that were too sketchy to make it into their first trillion dollar spending bill. They would have you believe that just like the pork-filled first bill was justified, so is this boondoggle. But it looks more like Democrats are simply too panicked about the slow pace of ‘recovery,’ so they’re looking to throw more of your money at the problem:

Democratic House members say they have less time to wait for signs of economic recovery than President Barack Obama , a conflict of timing that lawmakers say has become increasingly evident in their dealings with the White House…

“Constituents are saying, Why aren’t I seeing any relief now,” said Rep. Jason Altmire , D-Pa.

That’s the message Treasury Secretary Timothy Geithner got from House Democrats during a caucus about the Troubled Asset Relief Program, according to Caucus Chairman John B. Larson , D-Conn.

“I think he heard very loud and clear from the members about the fierce urgency of now,” Larson said in a play on an Obama campaign theme borrowed from Martin Luther King Jr…

None of the lawmakers interviewed would claim the electoral motive for himself or herself but they said it is a general dynamic in caucus discussions with White House.

“I think that was communicated,” Rep. Tim Ryan , an Ohio Democrat said. “Obama and Geithner completely understand that this needs to be done now.”

House Democrats would do well to take a page from George Bush’s playbook. When it became clear that Republicans would take an electoral beating in 2006 because of disappointment with the war in Iraq, Bush stuck to his principles and persevered in Iraq regardless of the political consequence. Democrats today fear they may take a political beating in 2010, and their response is to waste more than a trillion dollars on projects that they hope will distract voters.

Here’s the thing: if Washington borrows and spends enough money, the unemployment rate will go down. It’s impossible for it not to. You can’t spend $2 trillion without hiring a lot of people. But while you may hire millions, you won’t be making the country any better off. You’ll explode the deficit and force our children and grandchildren to bear the pain, all in order to pay people to pass out condoms or re-sod the National Mall.

That’s what House Democrats seem willing to do – all to make you think the economy is humming along, so you’ll send them back to Washington next year.

If only they were as brave as George Bush. Or if they don’t like that name, I’ll point out another former Republican President who’s all the rage: Abraham Lincoln. The man in the White House likes to claim Lincoln as his model because he took some lumps for doing what he thought was right. He could take a lesson.


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13 Comments Leave a comment

Congressman Altmire's quip was fantastic...

mikefisk (Diary) Wednesday, March 11th at 9:23AM EST (link)

“Why aren’t I seeing any relief now?”

…probably because his constituent is looking for it in the wrong place.

…just like the Congressman is.

“Once within the maw of Leviathan, degree of digestion is irrelevant.” – Michael Fisk

9.25, -4.77

 

Blather,wince, repeat.

NeoKong (Diary) Wednesday, March 11th at 9:37AM EST (link)

Another stimulus.
I feel that if I get any more stimulating I will have a coronary.

This is what happens when you have career politicians who have never produced a private job or paycheck in their whole life in charge of the Treasury.They are absolutely out of control and they think that the taxpayer is this endless well of money for them to pass around like they are Santa Claus.

They might as well just cut a check for $10,000 to every man women and child in this country and THAT would be more efficient.
For the money they spent on the auto bailout the U.S. Congress could have just bought two million people a brand new car.

AIG,TARP,Citi-group,mortgage holders,Fannie Mae and Freddie Mac etc.etc.etc…where does it end?
It will end when we are all broke and poor and all on welfare.

Follow me on Twitter.

"It will end when we are all broke and poor and all on welfare."

scottbomb (Diary) Wednesday, March 11th at 10:34AM EST (link)

I really do think that’s the master plan. Welcome to the United Socialist States of Amerika, Komrade!

www.HowObamaGotElected.com

“The American people will never knowingly adopt socialism. But, under the name of ‘liberalism’, they will adopt every fragment of the socialist program, until one day America will be a socialist nation, without knowing how it happened.” – Norman Thomas, U.S. Socialist Party presidential candidate 1940, 1944 and 1948

 
 

Bad plan no matter how many iterations

maddog (Diary) Wednesday, March 11th at 9:45AM EST (link)

“Constituents are saying, Why aren’t I seeing any relief now,” said Rep. Jason Altmire , D-Pa.

Duh. Maybe because government is not the solution. Ever think of that congressman?

I love it the failed logic. The first one didn’t work so instead of trying a different path, let’s try the same failed thing again and hope it works this time. Hope is not a strategy.

Agree. Lots of people are complaining, but

Praying (Diary) Wednesday, March 11th at 10:19AM EST (link)

they are complaining that too much money has already been spent, and we don’t see anything for it. For God’s sake do NOT throw more money at the problem! Insanity is doing the same thing over and over, and hoping for different results. I certainly hope these dolts in congress wake up…

No!!!11!1!!1!1! The Bilderbergers are coming

 
 

Kind of makes you wish that Conservatives had the kind of obvious agenda that the Dem's have, no? NT

USNJIMRET (Diary) Wednesday, March 11th at 10:09AM EST (link)

We need to start calling this bill the "Love child of stimulus"

civil truth (Diary) Wednesday, March 11th at 10:10AM EST (link)

At least in the “family friendly” media. We can employ other terms for the less prissy media outlets.

The greatest evil…is conceived and ordered (moved, seconded, carried, and minuted) in clean, carpeted, warmed, and well-lighted offices, by quiet men with white collars and cut fingernails and smooth-shaven cheeks who do not need to raise their voice. Hence, naturally enough, my symbol for Hell is something like the bureaucracy of a police state or the offices of a thoroughly nasty business concern. -C.S. Lewis

http://www.gmsplace.com/

 

Democrats are using the "crisis"

texas214 (Diary) Wednesday, March 11th at 10:33AM EST (link)

They aren’t scared, they are using this as a reason to get everything they have been wanting for 30 years (couldn’t get it when Clinton was in power). They don’t want to “waste a good crisis”.

True

djemi (Diary) Wednesday, March 11th at 10:45AM EST (link)

Which means we are going to get son of stimulus then the grandkids of stimulus in the form of global C.R.A.P and after all this happens some Dem is going to surgest that we need a Tax cut to put more money in the consumers hand so they can afford to buy the basics they can no longer afford because of CAP and Trade.

“If I can’t shoot rabbits,then I can’t shoot fascist”
“With age, comes Wisdom, but only if you are paying Attention, son” my ‘Old Man’
RS Help files (h/t JLenardDetroit) Grassroots in Michigan
Moes Strategy

 
 

An observation

Steph C (Diary) Wednesday, March 11th at 11:04AM EST (link)

You said:

Here’s the thing: if Washington borrows and spends enough money, the unemployment rate will go down. It’s impossible for it not to. You can’t spend $2 trillion without hiring a lot of people.

A good many of those jobs are going to illegal aliens… who don’t file for unemployment because they can’t.

The construction industry has been taken over by such because they can be hired for lower wages than the average American. Other skilled trades are in the same position. Yes, the companies still pay in all the taxes and unemployment insurance but here’s the rub on the insurance part of it. It’s something they have to pay no matter what but if nobody files, the company’s rate never increases. As for the other taxes, well, it is said the illegals do file their taxes and with their exemptions, likely don’t pay in one penny, or at the least very few of them in taxes. In return for those few pennies, they get free healthcare and other government assistance so it’s a win-win for them.

The only people on the unemployment rolls are people who are citizens but they’re not the only ones who’ll be vying for those jobs.

So, how much will the unemployment rate ultimately lower?

I have a feeling it won’t be by as much as people are hoping for.

“[I]f the public are bound to yield obedience to laws to which they cannot give their approbation, they are slaves to those who make such laws and enforce them.” –Candidus in the Boston Gazette, 1772
Hillbilly Politics

 

Maturity, it's great to have.

johnt Wednesday, March 11th at 11:09AM EST (link)

Spend money on a Monday, get results by Tuesday afternoon. Oh the sophistication of it all.
And it appears the very same policies of Fanny and Freddie will be continued, mortgages being granted to people unqualified for credit in a shoe store.
As one commentator above noted, the purpose of it all is specifically to cause hardship and pain followed by grovelling dependence.

“a man’s admiration for absolute government is proportinate to the contempt he feels for those around him”. Tocqueville

 

I have a headache now. nt

phxg (Diary) Wednesday, March 11th at 11:11AM EST (link)

It is the mark of an educated mind to be able to entertain a thought without accepting it. –Aristotle

 

Time for Republicans to be the adults in the room!

the_aldynes Wednesday, March 11th at 1:05PM EST (link)

I can only hope that the discussion for the second stimulus will be longer and deeper than the first. republicans need to go on a massive offensive to educate the population on the perils of a second package and the very un-American bits snuck into the first (like universal healthcare provisions and the overall devaluation of the dollar) while at the same time articulating some ideas other than tax cuts and tax holidays. Democrats have been successful to some degree in painting Republicans as “tax cuts will solve everything” and the party of “No.” Republicans need to understand that while doing nothing in many instances is preferable to what is being done now; many people cannot understand how a negative can be considered doing “something.” There are plenty of ideas that can be conveyed in a constructive manner that adhere to conservative ideas.
1. Open up our shores and land to drilling. This will add jobs while shielding us better from oil market fluctuations.
2. Reduce the number of fuel grades and emissions regulations around the country so our automotive industry has a chance to survive and maybe innovate.
3. Suspend NASA and use that money to set up a “Manhattan project” style program to redesign our power grid as well as explore and develop new energy sources with the goal of spinning this all off to the private sector. I am not a fan of the scattershot manner we are currently taking with regards to energy. We need to analyze and move forward with a plan. Is wind really an option or do we need bigger like nuclear fusion. Imagine if we implement fusion the number of jobs created and what we can export.
4. Work with states to identify industry competencies and attract those businesses back using programs similar to the Empire Zones George Pataki used in NY.
5. Stop using tax cuts as carrots and sticks. Reduce the tax code in the US and develop a cohesive easy to understand system with the immediate goal of cutting our taxes now.