Spending vast sums of money to end the recession didn’t work the first time with TARP, or the second time with the Stimulus. But perhaps the third time’s the charm. Today President Obama announced his plan to use up to $200 billion in repaid TARP funds to create jobs instead of pay down the enormous deficit.
He [the President] called for more government spending on infrastructure projects such as roads, bridges and water projects and for new tax breaks for consumers who invest in energy-efficient retrofits in their homes. This could be what some administration officials have called a “Cash for Caulkers” program modeled on the now-expired Cash for Clunkers program of tax rebates for people who turned in old cars for more fuel-efficient models.
While he didn’t put a price tag on his brilliant scheme to use taxpayer dollars to fund home weatherization and other crony-related projects, he did admit to looking for ways to also tap into a portion of the unused stimulus money (a.k.a. Obama’s Personal Bribery Slush Fund).
The administration also is eyeing ways to get money still not spent in the $787 billion stimulus bill passed last winter into projects more quickly.
Obama claims his new plan “will generate the greatest number of jobs while generating the greatest value for our economy.” Right. Where have we heard that before? And where’s Dave Ramsey when you need him?
Moe Lane
Steve Maley
Daniel Horowitz
Jake Walker
Victoria Coates
It's clear the Obama Administration hasn't a clue...
rbdwiggins (Diary) Tuesday, December 8th at 7:20PM EST (link)Apparently, they plan to adopt the same economic policy that led to Japan’s Lost Decade. Except, Japan didn’t start with a $1.4 Trillion budget deficit, a $13 Trillion debt and a $100 Trillion debt obligation.
“Well, the trouble with our liberal friends is not that they are ignorant, but that they know so much that isn’t so.” – Ronald Reagan
Now to me
Leopard1996 (Diary) Tuesday, December 8th at 7:51PM EST (link)It would make more sense, that if you borrowed money in the first place, and you find that you did not need it, you try to give it back immediately so you aren’t paying the debt service on it. But that just makes sense to me, then again we are talking about people who would have probably borrowed 200,000 to by a 150,000 house, and used the 50,000 extra to buy a new car.
“The accumluated filth of all their sex and murder will foam up about their waists and all the whores and politicians will look up and shout, “Save Us!”….and I’ll look down and whisper, “No”…The Watchmen
We're talking about the federal government, here
Deidre Henderson (Diary) Tuesday, December 8th at 8:01PM EST (link)It wouldn’t make sense if it made sense.
Deidre H.
Yeah, I know.
Leopard1996 (Diary) Tuesday, December 8th at 8:33PM EST (link)Why I vote for the candidate that will promise to make sure Government does as little as possible.
“The accumluated filth of all their sex and murder will foam up about their waists and all the whores and politicians will look up and shout, “Save Us!”….and I’ll look down and whisper, “No”…The Watchmen
Yeah an inactive government is a good government
Richard Mullins (Diary) Tuesday, December 8th at 8:40PM EST (link)So it is right for us to vote those that do as little as possible. A lazy politician is better than a lazy employee.
Richard Phillip Mullins BlogThe Squash Satire SiteNews on Happy Jet Airlines
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Joe Biden is like a Decrepit Park owner with a Meth lab that happens to not only be a dealer but a user.
Let’s Bankrupt the Democratic paty. Make spend all the money to defend thier candidates.
Or just one who will be active
Leopard1996 (Diary) Wednesday, December 9th at 5:51PM EST (link)In dismantling as many intrusions as possible. Government is supposed to be the referee, the rules are already written, it’s called the free market. I am a huge proponent of Adam Smith and the Invisible Hand. The problem is the government has done it’s best to obscure information in it’s quest for power.
“The accumluated filth of all their sex and murder will foam up about their waists and all the whores and politicians will look up and shout, “Save Us!”….and I’ll look down and whisper, “No”…The Watchmen
Oh for the days of a "do-nothing-congress" again.
nessa (Diary) Tuesday, December 8th at 9:24PM EST (link)Perhaps “Lazy” should be The litmus test.
“If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your counsel nor your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen.”—Samuel Adams
Contributor to Unified Patriots
teh twitter
A do nothing congress would be nice
Leopard1996 (Diary) Wednesday, December 9th at 5:52PM EST (link)That way businesses big and small would know the rules and act accordingly.
“The accumluated filth of all their sex and murder will foam up about their waists and all the whores and politicians will look up and shout, “Save Us!”….and I’ll look down and whisper, “No”…The Watchmen
5 They are serious...
thatsright (Diary) Tuesday, December 8th at 8:54PM EST (link)And don’t call me Shirley.
“The definition of insanity is doing the same thing over and over again and expecting different results.” Albert Einstein
Russ Cote
www.thats-right.com/rapid-fire-rightness/
LYING...JUST A TACTIC
reelman (Diary) Wednesday, December 9th at 8:21PM EST (link)A MOST INCREDIBLE LIAR
Obama to GOP: ‘Stop trying to frighten the American people’….
We are subjected to this statement after Obama-Pelosi-Reid and the rest of the secular socialists hammered us ALL YEAR about every “crisis” they could conjure up to borrow more vote-buying billions.
See, its the gall, its the nerve, its the tactic of the modern socialists to accuse your enemies of what YOU actually do!
These socialist clowns had to have a TARP bill or we were doomed, they had to have a STIM bill or we were doomed, they have to have a HC bill soon or we are doomed, they have to have a Crap and Tax bill or we are doomed in a decade. Already America is broke year 1.
Serial crisis fear-mongering is their tactic to scare voters. What did we get for that? Quadrupled debt, socialized medicine plus taxes galore next year. Then the final tactic is to always pretend to “speak for the voters or America” when the voters give the socialist thugs in congress horrible ratings year after year. The same Americans they stiff arm when questioned or asked about the contents of a bill. Who do they think they are fooling? Recall that the socialist Party has controlled congress since Jan. 2007.
Now Obama is fading fast in the polls and he opens his fantasy mouth to say what? To say what?
Does anyone with an ounce of sense not realize this a sick arrogant Party with a sick arrogant leader living in Oz Land?
Go ahead Obama-ites, just say ANYTHING. The diaper-changing lamestream media will continue straining to spin for you.
Tens of millions cannot wait to send dozens of these arrogant lying socialist thugs home next year.
Modern liberalism is a mental disorder.
http://conservablogs.com/theconservativecrawfish
“Ignore what is said, watch what is done”
The problem is congress…is congress…
Secular Socialism is never the answer…
“This is where we hold them, this is where we fight”
The “reelman” in central Louisiana