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The real story is that this is supposed to be a stimulus package.

Posted By: Zville MT on 2009-01-28
In Reply to: Here's the real story if you're interested - Truthseeker

I can see from your post how this would help save states money over time, but how would it help stimulate the economy now? It wouldn't and that's why people are so upset.


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The real story is that this is supposed to be a stimulus package.
I can see from your post how this would help save states money over time, but how would it help stimulate the economy now? It wouldn't and that's why people are so upset. Even Obama has said that if it doesn't create a job or save a job, it doesn't belong in there.
stimulus package
Has anyone heard anything about the stimulus stating that if you're white, do not apply?
Stimulus Package

I've read a lot about it on line and decided to get the info from the government itself.


Division B is where the so-called stimulus for us is located. A whole 5 pages or so. The rest is for millions and billions to go to:


Agricultural Research Services, buildings and facilities


Farm Bureau Salaries and Expenses


Natural Conservation Sevices Watershed and flood prevention operations, watershed rehab, fisheries


Rural Development Programs, rural housing services, utilities including distance learning, telemedicine,and broadband program


Bonneville Power Administration


Appropriations Transfer Authority: Department of Energy for `Energy Efficiency and Renewable Energy', `Electricity Delivery and Energy Reliability', and `Advanced Battery Loan Guarantee Program'


Financial Services: GSA, federal building fund,energy efficient government motor vehicle fleet procurement


Then we come to small businesses. Economic Stimulus LENDING for small businesses. 


Shall I keep going or does everybody get the jist of this so-called stimulus package?


 


 


Stimulus package, etc.
I absolutely agree with you.  You are 150% right.
Boooo... stimulus package
Is anyone else not happy about this stimulus package? 
Stimulus Package breakdown
I know some of you don't like Glen Beck, but he has broken it down by the numbers and provides links so you can check the facts yourself. It sounds okay until you get to the heading: "When is the money going to be spent, and on what?"

 

 

 

 

http://www.glennbeck.com/content/articles/article/198/20639/

Stimulus package -- what the pubs want..(sm)
http://video.google.com/videosearch?hl=en&q=pete%20sessions%20taliban&um=1&ie=UTF-8&sa=N&tab=wv#
Stimulus package could be hazardous to your

health.  Take a look at this little hidden jewel.


http://www.bloomberg.com/apps/news?pid=20601039&refer=columnist_mccaughey&sid=aLzfDxfbwhzs


Healthcare provision in stimulus package
Apparently this was added in at the last minute by an unknown.  I heard bits and pieces about this today in between working, but never really got the whole story.  Did anyone get the whole story?
Congress now looking at THIRD stimulus package...yippie!!! More of .
))
Obama’s Stimulus Package: A Pricey Experiment ..sm
I am especially concerned with the question and comparison regards to homeowners in the second to the last paragraph.





Obama’s Stimulus Package: A Pricey Experiment

By Andrea Tantaros
Republican Political Commentator/FOXNews.com Contributor

President-elect Barack Obama is prepping to jam another massive stimulus plan down our throats. Lately the president-elect has been hitting the media circuit to sell this monstrosity and each time he launches into his pitch he proves that what he lacks in actual specifics he makes up for in vocabulary. But is this bloated bill just a ruse for another big, federally funded bailout for struggling states?
Obama

According to Obama, his road and sewer stimulus package would pump billions into things like “infrastructure” and “green jobs.” Wait a minute, nobody is saying that the failure to spend over $700 billion on roads and sewers created this mess, and no one saying that new sewers will get us out of it. Obama has insisted that we must invest in what works. How do we know green jobs will work and provide a return? We don’t. And it’s quite a pricey experiment to find out.

What’s most troubling is the notion that more taxpayer money is heading right for states that are in the red. Just a few weeks ago, governors and mayors made their way to Washington, DC to hound Obama for a handout. Now mayors across America have submitted over 11,000 proposals for some bailout cash including one to fund a mob museum in Vegas. Talk about a real gamble in Sin City. Is Tony “The Ant” Spilotro really our best bet?

Take New York for example, a state that’s in financial ruin. The Empire State is facing a $15 billion budget deficit. Why would we encourage a state that spent itself into disaster to spend more? There are workers already repairing sewers and roads around the Big Apple and America. Will Obama give money that will be spent on existing jobs or hire thousands of new sewer workers?

According to Obama, “only government can break the vicious cycles that are crippling our economy…where an inability to lend and borrow stops growth and leads to even less credit.” What our future president doesn’t understand is that the vicious cycles were caused by the government through the creation of Fannie Mae and Freddie Mac, and the refusal to regulate, in part because there was a belief that a regulation would prevent the prosperity associated with owning a home. How do we expect government to be part of the solution? According to CNBC we have allocated 7 trillion to fix our economic crisis and there is $300 billion currently left in TARP. Is that not enough?

Obama is refusing to ask the same question that homeowners didn’t answer when the mortgage mess was going on: Can we afford to borrow this money? At some point we are mortgaging our national security by letting developing countries buy our debt. The more we spend the less we have to spend on our national defense. What if China develops a distaste for buying our debt? Maybe refusing to borrow more money might be the best thing for us. Sort of like the way parents cut off a frivolous child’s allowance.

On the campaign trail Obama campaigned for balanced budgets. This might be his first broken promise. While we wait to hear answers about what this massive deficit spending will do to our currency, to inflation and to our national security even Obama admits that his recovery plan alone will not solve all the problems that led us into this crisis. (So why are we doing it??) I’ll tell you what, for a trillion dollars, it better.



http://foxforum.blogs.foxnews.com/2009/01/13/tantaros_stimulus/
You are completely skipping the part about the stimulus package
It is on his own blog! How is that fair in the least little bit? So because my husband is a white construction worker who has worked hard ALL his life, payed his way through college without taking out loans or borrowing money (it took him six years to graduate because he was working and taking classes) took out a mortgage that he could handle, yet now due to the housing crisis and economic crisis is getting the short end of the stick, just because he is white he shouldn't be included in this package?

And someone attacked me earlier for being racist and saying that maybe he just wasn't the "best candidate" for a position. I think I can 100% say it didn't matter if he was the "best candidate," it mattered that he wasn't a minority.

This is so out of line. There is no such thing as EQUALITY. Never will be.
Obama hopes the stimulus package is large
How is paying for somebody's birth control gonna produce jobs or a 20 MILLION dollar minor league baseball museum, 20 million dollars at a zoo, OR 1.5 million to reduce prostitution in Ohio?   This is nothing but a pork barrel project.........isn't that what Obama said he WOULD DO AWAY WITH?  All pork barrel spending?  What a joke!
Kinda makes me rethink the whole stimulus package........
Evidently Pickens Plan was incorporated in there..........as much as it was allowed!
With the stimulus package there are built in tax credits for small businesses and SBA...sm
I have worked in retail as an assistant buyer and see their profit margins...and I know there are many legit, honest, mom and pop stores, but they usually make up for it by hiring school kids for slave wages and also family members. I am talking about across the board, in factories, retail, hospitalitiy, techno, every sector, these workers would all be paying more EACH WEEK into the the tax stucture in this country, strengtheing our reserves, becomeing consumers themselves because they can finally afford something....I feel like I dropped from another planet here, or industry in MT is not the norm by far.
STIMULUS STORY

It is the month of August, on the shores of the Black Sea . It is raining, and the little town looks totally deserted. It is tough times, everybody is in debt, and everybody lives on credit.


Suddenly, a rich tourist comes to town. He enters the only hotel, lays a 100 Euro note on the reception counter, and goes to inspect the rooms upstairs in order to pick one.


The hotel proprietor takes the 100 Euro note and runs to pay his debt to the butcher. The Butcher takes the 100 Euro note, and runs to pay his debt to the pig grower.


The pig grower takes the 100 Euro note, and runs to pay his debt to the supplier of his feed and fuel.


The supplier of feed and fuel takes the 100 Euro note and runs to pay his debt to the town’s prostitute that in these hard times, gave her “services” on credit.


The hooke*r runs to the hotel, and pays off her debt with the 100 Euro note to the hotel proprietor to pay for the rooms that she rented when she brought her clients there.


The hotel proprietor then lays the 100 Euro note back on the counter so that the rich tourist will not suspect anything.


At that moment, the rich tourist comes down after inspecting the rooms, and takes his 100 Euro note, after saying that he did not like any of the rooms, and leaves town.


No one earned anything. However, the whole town is now without debt, and looks to the future with a lot of optimism….


And that, ladies and gentlemen, is how the United States Government is doing business today.


And if that doesn’t scare the ____ out of you then you are brain dead!


Liar, liar - Sen. Dodd Admits Adding Bonus Provision to Stimulus Package


http://www.foxnews.com/politics/first100days/2009/03/18/sen-dodd-admits-adding-bonus-provision-stimulus-package/100days/


Real story from the MSM?.....sm
Bush controlled, corporate crony owned media telling the truth - not going to happen. That only happens when you have a democratic republic, not a corporate plutocracy. TV news definitely lies, suppresses, and distorts news.
The real story isn't that he lied. (sm)

After the last eight years, some of us EXPECT Republicans to lie.  The real story is that he ADMITTED to lying.  Won't he get thrown out of the GOP for daring to tell the truth?


As far as this being a one-sided story, it is what it is.  I doubt that you would withhold posting a story about Obama lying...if you had a legitimate one that could be documented as being truthful.  Instead, you guys invent negative stories about Obama with no corroboration, and when asked for a link to your "story," instead of providing one, you hurl personal negative insults at the poster.


When I heard this whole "once upon a time" story, it reminded me of Hillary's fake story about dodging snipers.


Jindal and Hillary Clinton.  Both politicians, different parties.  Both liars who invented entire life experiences that were lies, and both who should have been smart enough to know they would eventually get caught.


As far as whether it's okay for one to lie and not the other, I happen to believe it's NOT okay for ANY OF THEM to lie, regardless of party affiliation.


Here's the real story if you're interested
The family-planning program that Pelosi supports expanding was originally created in 1972 under the leadership of Richard Nixon. The proposal is an expansion in the number of states that can use Medicaid money to help low-income women prevent unwanted pregnancies. Of the 26 states that already have Medicaid waivers for family planning, eight are led by Republican governors (AL, FL, MS, SC, CA, LA, MN and RI). John Boehner and House Republicans claim this is a "gift to the abortion industry," yet I don't see any Republican governors promising to end the program in their states.

Plus the process for obtaining the family-planning waiver is covered in red tape and often takes as long as TWO YEARS to be approved. The Congressional Budget Office has estimated that eliminating the waiver requirement would save states $400 million over 10 years.

Of course, Drudge and Politico are screaming "Democrats want to spend $200 million on contraception!" without presenting the facts.
Conservative outright spin and BS, spread on Fox by Gregg Jarrett, for the real whole unbiased story
http://www.sfgate.com/cgi-bin/article.cgif=/c/2009/101/02/ED151514UE.dtl, there was one slight recession in 1937-1938 because of spectacular growth when it took off, read the rest of the story. Pubs will say anything to rewrite history and try to save face. IMO
So Christians aren't supposed to political? Or we aren't supposed to let our morality, faith

our conscience guide us politically?


I'm sorry, that is a separation I cannot make.  My faith and religious convictions are part of the whole person that I am.  I vote my conscience.  I want political leaders who reflect my morality.  I also happen to believe there are many Christians out there like me.  There is no "separation" of church and state for me, which by the way was a concept (nowhere specifically mentioned in the constitution) meant to protect the church from the government more so than the government from the church.


There is absolutely nothing wrong with that commercial.  There are condom commercials, "personal" lubricant commercials, and penis and sexual performance enhancing commercials -- why would anyone be offended by a pro-life commercial?  The fact that anyone would be offended is a testament to just how twisted society has become!


No, goofy. Republicans are REAL people, real
nm
If the real folks, with real hope, faith, and
and for our country's future who participate here on this forum were just a tad as healthy, wealthy and wise as this poster considers herself, we probably wouldn't be sitting in front of these silly computers trying to make a living!! Can't figure why she is here other than tell us how healthy, wealthy and wise she is and we are not!
Most of what is in the package O wants

are for PERMANENT jobs; i.e., those jobs will never go away, but they are for jobs that will not help the average person.  We will be paying forever for those jobs.


As I said before, stimulus means jobs, tax cuts, housing fixes, etc. What most of the package contains is stuff that should be in a regular budget. Cut it from 600-something pages down to 4 or 5, or at least 10 at the most, and you have something.


I posted McCain's amendment above.


For the original package...(sm)
but unsure if it will help as it stands.  The popularity of the against vote for the bill has been fascilitated by some keen advertising on the pub side.  I'm hoping Obama will call the pubs out on tonight's address and point out exactly what it is that pubs want in the bill (more tax breaks for the wealthy that we can't afford), and in particular, which pubs want it.  If he does that keep your eye on the polls.  People will be outraged.
It's done. He just signed the package.
Got a kick out the guy who owns a small business out there. So young and employs 55 people in 3 years. He mispronounced Biden's name and everybody laughed. I don't think he realized what he did. He was nervous.
I never met a soldier who didn't want a package.
Bringing them home does not enter into this.  Yet AGAIN you cannot stop your political agenda long enough to think of just the troops.  I know now it is impossible.  We all want them home.  ALL OF US.  It's just that some us would like to make their lives as easy as possible while they are away, and SOME OF US WANT TO SAY THANK YOU. 
The O also voted for the bailout package. (nm)
x
I've read too much about this package

and it will not help the people that need help.  It doesn't provide help to the regular "joe's" out there that need help. It is all about the greed again. Most of it will only help regular "joe's" by the year 2011, not now.  By that time, we will either be down the tubes or everything will have corrected itself on its own.


I don't think government should meddle in ways to try to turn the economy around. It only mkes it worse. Look at all the handouts in the first stimulus package. Did the regular "joe's" get any help out of it? Nope. It will be the same with this one. Did you see Glen Beck's breakdown on the package posted below? If not, I suggest you look at it or else I can post it here.


It goes to show that the democrats don't give a darn about us, just their agenda even though 11 democrats voted against it. That has to say something.  Evidently, the democrats (and I don't mean this harshly) didn't get enough calls from their constiuents to knock this package into oblivion. They were in a hurry to pass it? Why? Not because it would help us, but because they wanted it passed before anyone really got a chance to see what it entailed.


Sorry, but I disagree with you whole heartedly. This will not help. It will only hurt. This will take our dollars down to zero and the next thing you know, we will be taking wheelbarrows of money to the store to buy a loaf of bread if you can even find it in the stores.


 


 


 


I've been taking the package apart.

I see no jobs for this area.


In fact, 2 years ago, they turned a whole mountain into windmills. Who has those jobs? The company that put them there. Their guys come from another state to maintain and repair them. No locals are employed by that company. Doesn't make sense but that's the way they do it.


 


Poll: Are you for or against the stim package?
I am against it.
Mythbusting the Obama Recovery Package
Sorry for the c/p, but I could not get the link take from ourfuture.org, but this is one of the most complete rebuttals I have seen in defense of the proposed program.

1. The proposed recovery package is too big.

False. Most progressive economists agree (and Paul Krugman is downright emphatic) that it's going to take a minimum of a trillion dollars of well-placed investment to pull our economy out of this ditch. This is no time for half-measures, blue-ribbon committees, pilot projects, or trial balloons: this is a life-or-death crisis that requires immediate and massive intervention.

CAF Senior Fellow Bernie Horn puts it this way: "The American economy is huge and it’s at a standstill. It’s like a motionless 100-car freight train—or one going backwards slowly. A small locomotive simply can’t pull it forward. We need an engine large enough to work, one that can create millions of jobs. If anything, a $775 billion 2-year plan may be too small rather than too big."

Dean Baker of the Center for Economic and Policy Research echoed this same thing on Rachel Maddow's show last Tuesday night. It's got to be big. And it's got to be now. Anything too small—or too late—and the American economy will be at serious risk of stagnating the same way Japan's did in the 1990s.

2. If we can't afford (insert pet project here), we certainly can't afford this.

Yes, we can. What we really can't afford is a huge recession that undercuts the tax base. That's a vicious cycle that will make it increasingly harder to dig out the longer this goes on. The Congressional Budget Office projects that the current slowdown will cost the federal government $166 billion in lost tax revenues in 2009—a number that could easily get even larger in coming years if we fall into a real depression. If we get on that trendline, we could lose a trillion dollars in government revenues by the end of Obama's first term. We need to invest what we have while we still have it if we hope to have a strong economy going forward.

This argument is based on the limited view that wealth is mainly generated by loaning or borrowing at interest—a common enough assumption among financial people over the past 30 years. A more progressive view is that real wealth is generated by labor, combined with access to resources required for production. Putting people to work creates wealth. So does ensuring that our current failing energy regime is replaced as rapidly as possible with one that's infinitely renewable and that we will finally be in full control of. And so do other kinds of infrastructure investments, which form the footing on which a new round of businesses can rise and thrive.

Businesses have always invested their capital to create more capital. The best parts of Obama's proposal involve getting the government to do the same thing. Conservatives are resisting this because don't believe that there's such a thing as the common wealth—which is how they've rationalized their plundering of our common assets. We need to make it absolutely clear that we do believe in the common wealth—and that their assaults on everything that allows America to generate national wealth are going stop, right here and right now.

3. It's more important to balance the budget. Fix that, and the rest will take care of itself.

Read history much? Herbert Hoover is history's poster boy for the idea that balancing the budget during a recession is the best way known to turn it into a full-on depression. And that wasn't a one-off: FDR repeated the lesson in 1937, when he succumbed to the pleas of budget-hawk conservatives and tried to balance the budget—a move that put the brakes on what had, until then, been a solid recovery.

Looking forward, this year's numbers also show the case clearly. Economists are already estimating that spending by individuals and businesses will be off by $300 to $500 billion in 2009. The upshot of this will be millions of lost jobs, which in turn will mean even lower spending and more job losses next year as the country accelerates toward depression.

The only way to halt this slide is for the government to step in and fill the hole with an additional $300 billion-$500 billion of its own spending—and to spend that money on investments that will create as many jobs as possible. The longer we wait, the more government spending it will ultimately take to pull us out of this—and the less able we'll be to muster that much cash.

Balanced budgets are important, but not as important right now as making sure every American has a paycheck they can count on. We can't afford to sacrifice the fate of the entire country to this one economic ideal.

4. The worst thing we can possibly do is raise taxes. Or borrow the money, God forbid.

More misplaced priorities.

As for taxes: Obama's already told us, without apologies to anyone, that he plans to raise taxes on people making over $250,000 a year—the people who've profited most from our current high levels of inequality. Practically, it makes sense to raise taxes on the affluent, since they're increasingly the only ones left who actually have any money. And morally, it's only fair that those who've gained the most from conservative mismanagement of the economy (regardless of their own political leanings) should be the first to pay the bills for it.

As for borrowing: Don't look now, but the whole planet is reeling from financial problems as least as big as ours. Even in the midst of this colossal fiscal mess we're in, if you're an individual, business, or government with excess capital to store somewhere, the USA is still the safest place on earth to park it.

They're so eager for our American brand of low-risk investment that they're even willing to lend their cash to us at interest rates that are very close to zero (and may actually turn out to be less than zero, once you add in inflation). If someone offered you the chance to borrow massive amounts of money without paying interest, you'd do it, right? Well, that money's already sitting on the table, just waiting for us to put it to work jump-starting our economy again. We'd be fools not to take it.

5. When you want to stimulate the economy, tax cuts always beat government spending hands-down.

Another conservative fantasy that disintegrates on contact with reality.

The chart that shows the effectiveness of various forms of government stimulus, based on recent attempts, is here. (Conservatives will be infuriated to learn that food stamps come out on top, generating $1.73 for every dollar spent. Infrastructure investments come in a respectable third. The bottom half of the chart is wall-to-wall tax cut schemes.)

The problem with tax cuts is that people don't spend them in ways that get the economy moving. The Wall Street Journal reports that only 10 to 20 percent of the money remanded to taxpayers in the 2008 tax rebate actually got spent. The other 80 to 90 percent ended up in people's personal savings, were used to pay off creditors, or were simply absorbed by inflation and higher living costs.

Knowing this, we're a bit dismayed Obama is proposing to sink as much as 40 percent of his stimulus package into tax cuts. That's too much, if you ask us. But at least they're targeted at the middle class—people who are more likely to spend that money here in the U.S., rather than ship it off to investments abroad.

6. Large-scale government investment would inevitably turn into an orgy of waste, fraud and abuse.

True—but only if we let conservatives run the show.

The fact is that all human endeavors—from running a household to running a nation—entail a fair amount of waste, fraud and abuse. Bad decisions get made. Greed gets the better of people. Not everybody is as honest as we'd wish them to be.

But in spite of that truth, nobody in history can top the Americans when it comes to planning and executing successful large-scale investment projects. (A thousand years from now, that's what they'll be saying about us: Not always smart about foreign policy, but man, could those people think big—and they usually pulled it off, too.) In our happier past, good management, careful oversight, and clear accountability have always gone a long way toward preventing really big problems, and ensured that we got the most for our collective buck.

Unfortunately, if we've learned anything about conservatives at this late date, it's that they'll defang or dismantle these mechanisms every chance they get. They think rules are for lesser mortals, oversight is a form of Big Brother-style oppression, and accountability is for people who can't afford lobbyists and lawyers. I don't think anyone would even try argue any more that when it comes to waste, fraud, and abuse, conservatives are the hands-down experts.

What's ironic is that they're now offering edifying moral guidance to the rest of us on the subject. All you can do is point and giggle at the stupefying hypocrisy of it all.

7. We need stimulus now—and tax cuts are the only way to get the money out there fast enough.

Not really, no. Much of the infrastructure spending in the recovery package will be targeted at projects that are “shovel ready”—the ones that are planned, approved, and sitting on the shelf ready to go as soon as there's money to fund them. Some of these could start generating jobs as early as April or May.

Some of this money will also be aimed at covering state budget deficits. That money will also be spent immediately on things like health care, child-care programs and other underfunded state services that employ large numbers of people.

That's a lot of direct funding that will put people to work quickly—quite likely, faster than giving people tax cuts and letting them trickle out through the economy.

8. It’s wrong to bail out spend-thrift states. Let them stimulate their own damned economies.

Please. Haven't we all had a lifetime bellyfull of tax revolutionaries and drown-the-government-in-the-bathtub crazies? I swear...can't live with 'em, can't just shoot 'em....

States aren't in trouble because they overspent their allowances. Almost every state constitution in the country requires that the government balance its budget every single year. You want fiscal sanity? Anybody who's put in their time in state government knows all about it. They've made the hard choices, and faced the consequences, too.

The problem is that the recession has undercut state tax revenues to the point where these governments can no longer afford to cover their obligations—some of which (like bonds) were taken on years ago, when times were better. Commitments that were fiscally prudent by any measure back then are wiping them out now. Budgets that were balanced and sound when they were first outlined a couple years ago are impossible monsters today.

And, unlike the federal government, the states can't deficit spend their way out of it. That's why they need federal help.

9. This whole Keynesian thing has been totally disproved. It didn’t work during the Depression. It didn’t work for Japan in the 1980s.

Say what? We know that rewriting history is a favorite conservative pastime. America is Christian country. Slavery was good for black people. Bush was never a real conservative. Saddam was in cahoots with al-Qaida. And on it goes.

The campaign to discredit Keynes (which is directly traceable to the Heritage Foundation) is a new and rather audacious fiction—one that leaves both progressive and conservative economists as gobsmacked and sputtering as scientists get when you bring up "intelligent design." And the factual basis for it is, if anything, even more specious.

Paul Krugman addresses both the Depression and the example of Japan in his new book, "The Return of Depression Economics." According to his telling of the tale, in both cases the affected economies strengthened as long as the government continued to infuse capital into them; but bobbled when there was enough improvement that the budget hawks could get some political traction. When the spending flagged, so did the recovery. In Japan, bold steps alternating with repeated failures of nerve created a liquidity trap that stagnated the country's economy through most of the 1990s.

Keynes' prescription has worked everywhere it's been tried—as long as governments acted boldly and quickly enough. It's not medicine that works if you take it in half-doses, or quit before the course of treatment is finished. In fact, doing it with less than full commitment can actually make the situation worse.

10. This is a partisan program that's designed to promote the Democratic agenda.

No. Almost every businessperson in America—including the conservative ones—are stepping forward in support of the stimulus package. The U.S. Chamber of Commerce is on board with it. So (unsurprisingly) are most of the building trades and engineering groups who stand to prosper with a new round of infrastructure spending. The current economy is hurting everyone, regardless of political affiliation—and most Americans agree that it's time for the government to step in and get things going again.
 TAKE ACTION 

Write your member of Congress to ask for passage of a bold economic recovery plan now.

And Yes. I've written before about the way this kind of investment in the health and well-being of the middle class can, in the end, transform long-held conservative beliefs about how the economy should work. A stimulus package that works will prove that government can do important things that no other entity can do; that it can act effectively in the public interest; and that there's actually such a thing as a national common good that deserves to be protected. In short, it will reaffirm progressive values in a way that's irrefutable, and will earn the enduring respect of the country.


Evidently you didn't read the package.

Most of the money will not go to the people. So far, I have not come across anything that deals with foreclosures, etc. The item I posted last night from our local newspaper is the so-called stimulus package that will help foreclosures.


Read the doggone bill that they are trying to pass, please. Then you may see the light of day.


The recovery package will address, in part,
The stimulus bill is a separate issue.
Exxon CEO's retirement package and talks of reform..sm


 


Senator rips ex Exxon CEO's retirement package






By Tom Doggett Tue Apr 18, 4:53 PM ET



WASHINGTON (Reuters) - Amid record oil prices and soaring gasoline costs, Exxon Mobil's $400 million retirement package to its former CEO is a shameful display of greed that should be reviewed by Congress and investigated by federal regulators, Democratic Sen. Byron Dorgan (news, bio, voting record) said on Tuesday.








Dorgan said he wants Exxon Mobil officials to appear at a Senate Commerce Committee hearing to explain how the corporation justifies giving its former boss, Lee Raymond, such a huge retirement package.


He also said the

Securities and Exchange Commission should investigate the deal that appears to shortchange shareholders.


There can be no more compelling evidence that the price gouging and market manipulation which has produced record oil prices is out of control, and is working to serve the forces of individual greed and corporate gluttony at the painful expense of millions of American consumers, Dorgan said.


Dorgan's criticism of Raymond's financial package came on the same day that U.S. crude oil prices hit a record high of more than $71 a barrel at the New York Mercantile Exchange.


Higher crude oil prices are helping to push of up gasoline costs. The Energy Department reported prices jumped 10 cents over the last week to a national average of $2.78 a gallon, up 55 cents from a year ago.



President George W. Bush said on Tuesday he was concerned about the impact high gasoline prices were having on families and businesses.


Exxon earned the wrath of many lawmakers when it reported more than $36 billion in profits last year as energy prices paid by consumers soared.


Dorgan said he will push to win passage of his legislation that would impose a windfall profits tax on big oil companies and rebate that money to consumers, unless the companies used their earnings to explore for and produce more energy.


I think a sensible public policy would insist that the big oil companies either invest those windfall profits in things that will increase our own domestic energy supplies, or we should return some of that money to consumers, Dorgan said.


Using them to drop $400 million dollars in the pocket of a big oil executive is simply unacceptable, he added.


Exxon Mobil has defended Raymond's retirement package, saying it was pegged to the rise in the company's profit and market capitalization that occurred during his tenure.


This was a package that both the dems and pubs thought would pass
We need something done with the stock market hitting bottom.
I just recieved a package back in the mail OPENED AND EMPTY...
with a letter from the postoffice asking what it was I mailed off so they can search for it. Never had this happen before.


And I was supposed to know this how exactly?
You assume I know this by what means? Osmosis.  Of course, this is a tragedy.  I have know tragedy.  Again, I ask, what makes you think we cannot relate?   Your gross overreaction is disturbing to the extreme.  How, in fact, does one extend condolences without knowing the circumstances?  And why do you and Carla assume no one else has tragedy?  Who owes who an apology? 
They are supposed to be. nm
z
And I am supposed to take ....sm
"Just the big bad" to be a reliable source? You are anonymous, why should I trust you? But, I will do a little more checking around and see what I can find.

FWIW, I don't believe I have ever mentioned the LA Times before this prior post as I really do believe that a journalist has the right to not divulge their source. HOWEVER, I do not believe that any politician has the right to squelch potentially incriminating evidence from the public. This, in my opinion, is government getting bigger by the minute.
You are supposed to be an MT
and supposed to know how to spell
So, exactly how is anyone supposed...(sm)

to distinguish you in particular as not being a pub when you use no moniker? 


Well how else was he supposed to

pay for all the spending his administration is doing?  I hope this is the final nail in his coffin so to speak.  Remember when Bush #1 said read my lips...no new taxes and he went back on the promise and wasn't re-elected.  Well....let us hope that the 95% of Americans that he professed to not have ANY kind of taxes raised on them will get p!ssed and we can say goodbye to Mr. Obama in 2012. 


Sorry. This was supposed to be in response to LOL
Someone should actually read an article before saying untrue things about it.  But that doesn't surprise me.  It's in line with the way this administration lies about everything.
Was supposed to say didn't see any
//
Yes, and I thought they were supposed to be

And these are supposed to be our allies...nm

That's what the troops are supposed to be doing
The key word is *securing.*  It's an extreme exaggeration to say that the U.S. was supporting Hezbollah by making sure a Suni and Shiite combined rally did not get out of hand, but it's par for the course of for the dramaticists known as the mainstream media.  Poor and misleading reporting is what they specialize in.
what in the world is this supposed to mean? nm
??
Exactly......since when is RICH supposed to be
xx