Lion's Daily Blurb - Wed., - Friday, Feb. 4-6

[Lion]

The new economic stimulus package that the US senate is currently debating over is crammed full of pork-barrel spending. The proposed package has now grown in size to over $900 BILLION. A lot of the money in the package will benefit labor unions and liberal groups that helped get Barrack Obama elected President. Over 40% of this new stimulus package has NOTHING to do with creating jobs or helping the housing industry and peeps losing their homes. Granted, the actual pork that's in the package amounts to around $20 BILLION bucks. It's not a huge percentage of the $900 BILLION, but still no chump change. The package for instance includes over $120 million for new furniture for government offices, and $100 million to reduce the hazards of lead-based paints. Most paint manufacturers have stopped making lead-based paints years ago. Anyhoot, it might sound like I'm nit-picking, but unnecessary spending at a time in US history where our economy is nearing collapse is totally uncalled for. Obama did say in January that he would bar ALL pork-barrel spending. 'TAKE THIS PORK AND SHOVE IT!' Of course, the only people that believe that live in Fantasyland. Was that a pig I just saw flying over my house? Obama has a lot of democrats to pay off, and this new economic package will address that nicely for him. The American taxpayer is getting screwed, and there ain't anything we can do about it. I am optimistic that the US economy will eventually recover, but at what cost?

[truefeel]

I think you are looking things a bit too pessimistic, just b/c he is not the one you voted for. Keep an open mind. The money he does not spend on economy, will most likely be spend on welfare.

Anyhoot, 900 billion is a whole lot of money. That's almost triple the amount of the GDP of belgium. It's for the little man in the world completely surrealistic .

[nilloC]

It'll be interesting to see this money go towards education, healthcare, and infrastructure investments instead of tax cuts and banks.

Granted, a large portion is unfortunately going towards tax cuts still (around $275 billion if I recall).

It is unfortunate there is "pork barrel spending", and it is misuse of tax payers money. But there does need to be some kind of government intervention during this economic crisis; the US is not the only nation to pass massive stimulus packages.

[truefeel]

yeh, look at Germany. Their GDP is only a fraction of the American GDP, yet they pumped a few months ago 600 billion euro's in the banks. That's I think roughly equal to what America is doing now.

[Ace]

Hell everybody is doing stim packs for the economy!
But hey nobody just wants to sit and watch everything sink down without trying to do something.
Well didn't he say he was going for infrastructure changes and replacing radiators in old goverment buildings and some other enviromental stuff?

[truefeel]

Originally Posted by Ace his sig

Happy 2006 peoples! Be happy and safe all!

Hey Ace, I don't know how they count years in Sweden, but in Belgium it's already 2009 .

[PennStateMatt]

Originally Posted by truefeel

I think you are looking things a bit too pessimistic, just b/c he is not the one you voted for. Keep an open mind. The money he does not spend on economy, will most likely be spend on welfare.

Anyhoot, 900 billion is a whole lot of money. That's almost triple the amount of the GDP of belgium. It's for the little man in the world completely surrealistic .

I agree with true. Lion you mentioned some unnecessary spending, but what do you think Bush has done in 8 years? We are in such a hole right now thanks to that idiot it's unreal. You can say i'm putting too much blame on Bush, but im sorry to say that I contributed to his disapproval rating from day 1 he was elected.

[Lion]

Originally Posted by PennStateMatt

I agree with true. Lion you mentioned some unnecessary spending, but what do you think Bush has done in 8 years? We are in such a hole right now thanks to that idiot it's unreal. You can say i'm putting too much blame on Bush, but im sorry to say that I contributed to his disapproval rating from day 1 he was elected.

So for the remainder of Barrack Obama's presidency, anything that IS bad or goes bad will be blamed on Bush? The time to look back in the past is gone. It's water over the bridge. Obama made a lot of promises to get elected. He's the one that touted CHANGE FOR AMERICA, and labeled himself as the savior for America.

Bush didn't put us in the hole we're in right now. Blame can be distributed to both democrats and republicans alike, and of course the greedy banks (credit cards) and wallstreet thugs.

[Derek]

Originally Posted by truefeel

I think you are looking things a bit too pessimistic, just b/c he is not the one you voted for. Keep an open mind. The money he does not spend on economy, will most likely be spend on welfare.

First of all, welfare spending doesn't help the economy. Second, its not even going to welfare to begin with. Its going to office furniture.

No, this is not what the country needs right now. Not at all. I would be interested, though, to find a list of exactly where all this money is going, does anyone know of a link?

[eLDiablo]

Originally Posted by truefeel

I think you are looking things a bit too pessimistic, just b/c he is not the one you voted for. Keep an open mind. The money he does not spend on economy, will most likely be spend on welfare.

Anyhoot, 900 billion is a whole lot of money. That's almost triple the amount of the GDP of belgium. It's for the little man in the world completely surrealistic .

You can't spend your way out of debt.