You’ve just witness the unimaginable – Congress passes a 789 billion dollar pork-laden spending bill disguised as a “stimulus” bill and they may be contemplating “Unimaginable II”:
Despite the enormous size of the $787 billion stimulus plan, some economists worry that it won’t make a big enough dent in unemployment and that lawmakers will have to work on another stimulus in short order — something members of Congress are loathe to discuss.
“That’s possible,” said Alice Rivlin, a former Clinton administration budget director. “I think the economy is getting worse quite rapidly and this may not prove to be enough.”
And why is that, Ms. Rivlin? Why might it not be “enough”?
The stimulus got “less stimulative,” Rivlin said, as it passed through the Senate and some of the things that offered “the biggest bang for the buck” were scaled back, such as more money for food stamps.
You mean it was exactly what those mean old Republicans said it was – more relief than stimulus. More social spending than jobs? That, in fact, any stimulative part of the bill was watered down or eliminated in favor of special interest spending on programs which are either years in the future or will provide no immediate jobs with which to help get the economy moving?
You mean, despite all the rhetoric and nonsense to the contrary by Obama and the Dems, we are on the road to repeating the mistakes Japan made that brought them their “lost decade”?
And I doubt many would call Ms. Rivlin a right-wing reactionary economist spouting Republican talking points, would they?
So now that the Dems have fulfilled their 40 year social program spending spree, it appears they may now try to actually stimulate the economy with a few more hundred billions of your great, great, great grandchildren’s money.
More future theft.
“Son of Stimulus”, coming to a wallet near you soon?
I suppose this too will somehow come as a surprise the left:
General Motors Corp., nearing a federally imposed deadline to present a restructuring plan, will offer the government two costly alternatives: commit billions more in bailout money to fund the company’s operations, or provide financial backing as part of a bankruptcy filing, said people familiar with GM’s thinking.
The competing choices, which highlight GM’s rapidly deteriorating operations, present a dilemma for Congress and the Obama administration. If they refuse to provide additional aid to GM on top of the $13.4 billion already committed they risk seeing an industrial icon fall into bankruptcy.
Tired of throwing money at a company which has a failing business model? Not interested in throwing good money after bad?
Well, then let them seek protection under the bankruptcy laws, reorganize (which means getting out from the labor contract the UAW refuses to renegotiate) and let them stand a company back up that’s able to compete. Heck, this is as good a time as any – they’re not selling any cars anyway.
Oh, and as an afterthought, if bank execs have to have salary caps, how about auto execs and labor leaders? No I’m not for any of that, but it does provide a vivid example of how arbitrary the rules Congress imposes are, doesn’t it?
I‘m sure this will come as a complete surprise to some on the left but the people didn’t go for Gov. Paterson’s idea at all:
New York Gov. David Paterson admitted Thursday one of his most talked-about tax proposals, an obesity tax on sugary drinks, is fizzling.
But he said it popped the right question.
In meeting with college students over his budget, Paterson told the young New Yorkers not worry about his soda tax because the Legislature won’t go for it. But he said it has served its purpose of raising awareness of childhood obesity.
It served another more important purpose – it showed the extent to which politicians are willing go to control your life and that they are only limited by their imagination. Without a public outcry, this might have found its way through the legislative process. Eternal vigilance is the price of freedom.
And another point to ponder – if government was the sole purveyor of health care, how outlandish of an idea do you really think this would be? A legislature looking for ways to raise revenue while cutting costs in health care? A fat-tax would be a no-brainer and its justification would be found in government’s assumed responsibility for your health.
[HT: Matthew H.]
Well yeah – now:
President Barack Obama on Friday warned that economic recovery in the United States “will be measured in years, not months” as he scored a major victory in his young presidency with the approval in Congress of a $787 billion (£542) bill to revive the economy.
How unfocused is this mess? Well here’s a nice example:
Sec.1421 of the American Recovery and Reinvestment Act gives employers a tax incentive for hiring people (I hesitate to call them “workers,” given it’s not likely they’ve ever held a job for more than a couple days) who fit the following description. Betcha can’t wait to hire this person!
DISCONNECTED YOUTH . –The term ‘disconnected youth’ means any individual who is certified by the designated local agency as having attained age 16 but not age 25 on the hiring date, as not regularly attending any secondary, technical, or post-secondary school during the 6-month period preceding the hiring date, as not regularly employed during such 6-month period, and as not readily employable by reason of lacking a sufficient number of basic skills.
I wonder if the Democrats who voted for the stimulus bill realize they just voted to give a tax break to McDonald’s and WalMart.
Of course, they have no idea of who or what they’ve given breaks too (although I doubt McD’s and Wal-Mart are eager to take on workers with no skills).
And the bill is rife with examples like the above. What is doesn’t have at all are the things economists know work and work immediately – like marginal tax cuts.
Fact Check takes a look at the bill and finds problems with many of the basic promises made (and certainly takes issue with the claim there are “no earmarks” in the bill).
A couple of things Fact Check notes include the claim that digitizing health records and modernizing the electrical grid will be quickly done and provide great savings:
The president also says electronic health records will save billions of dollars. But the Congressional Budget Office says that even a decade of expected savings are unlikely to pay back the government what the government will spend on health IT.
The president said the bill will modernize the nation’s electricity grid, reducing consumption by 2 percent to 4 percent. That’s optimistic. Industry reports say that a new grid could reduce energy consumption by up to 4 percent, but not until 2030 and at a cost much greater than the stimulus bill would cover.
But what this does is get the proverbial government nose under the tent and set up more spending with future bills:
Mr Obama will also propose a budget to lay the groundwork for sweeping health care reform and present a major green energy bill. Mr Obama will also propose a budget to lay the groundwork for sweeping health care reform and present a major green energy bill.
The mistake of the paragraph above is the “groundwork” is being laid with this “stimulus” bill.
So, we’ve added 789 billion to the 750 billion TARP and the possible 1.2 trillion Geithner plan and are contemplating spending hundreds of billions more for “sweeping health care refomr and … a major green energy bill”. And we haven’t even mentioned the coming “AGW” spending debacle.
What generation are we up to now? Have we dragged my great, great, great grandchildren’s generation into to this yet?
I was sitting here with my two older grandsons and when word came that the bill had been approved by the Senate I said, “congrats boys, you just went about $30,000 into debt tonight”. Of course that spurred an instant response – “What!?”. And then we had a nice little talk.
A bill full of wasteful, unfocused spending with money we don’t have and we’ll be lectured soon about “fiscal responsibility” and “sacrifice” by the profligate yahoos that put this mess together. Can’t wait.
he Democrats in Congress keep talking about it, and talking about it: The Fairness Doctrine. The newest musings about it come from Rep. Maurice Hinchey (D-NY).
More and more Democrats in Congress are calling for action that Republicans warn could muzzle right-wing talk radio.
Representative Maurice Hinchey, a Democrat from New York is the latest to say he wants to bring back the “Fairness Doctrine,” a federal regulation scrapped in 1987 that would require broadcasters to present opposing views on public issues.
“I think the Fairness Doctrine should be reinstated,” Hinchey told CNNRadio. Hinchey says he could make it part of a bill he plans to introduce later this year overhauling radio and t-v ownership laws.
When Bruce addressed this recently, commenter PogueMahone responded:
Well then you are kooks. This is no fairness doctrine. Despite the wishes of some, there will be no “fairness doctrine” bill passed.
Huh. maybe. But for people who aren’t going to pass it back into law, they sure talk about it a lot.
The other entity who got us into this financial mess has no problem whatsoever about using the equivalent when necessary or convenient while lecturing others about their insensitivity to the times:
A government plane will ferry Sen. Sherrod Brown (D-Ohio) back to Washington from his mother’s wake in Ohio in time to vote tonight, courtesy of the White House.
Brown won’t even be leaving until viewing hours end at 8 p.m. He then travels back to Washington for his mother’s interment, vote and fly home for his mother’s funeral tomorrow morning.
Nope, when government decides it must “maximize the time” of it’s members, it pulls out all the stops and, as usual, you pay for it.
What was the line – “as long as you’re taking our money”?
Well, that’s all government does.
Do as I say, not as I do.
Hope and change.
I guess this is “excitable Andy” day, but Andrew Sullivan is engaged in some pretty poor spin today. Calling it a canard, Sullivan has this to say about the proposed census move to the White House by the Obama administration:
Again, this is not a real issue. It’s an issue driven by the paranoid GOP base. The census has not been removed from the Commerce Department’s purview, as Ambers explains below. And past censuses have long been conducted with coordination from the White House staff.
The explanation Sullivan offers says:
“This administration has not proposed removing the Census from the Department of Commerce and the same Congressional committees that had oversight during the previous administration will retain that authority.” …
Kenneth Prewitt, who served as Census director from 1998 to 2001, said he worked with White House staff during the 2000 Census on budgeting, advertising and outreach efforts.
But as Jeff Zeleny of the NYT reminds us, that’s not at all what the White House proposed:
The White House signaled last week that it would exert greater control over the Census Bureau, in part because of a concern among minority groups over Gregg leading the Commerce Department. Then, in response to complaints by Republicans, the administration said it would work closely with the director of the census, but it would not be under the direction of the White House.
Those “minority groups” were the Congressional Black and Hispanic caucuses. So it was political pressure that precipitated the move. Additionally the move was to have the director of the census bureau work with and report directly to Rahm Emanuel, President Obama’s chief-of-staff.
Now the claim is that nothing different was planned, and it all was a misunderstanding and that it will be business as usual (now that it appears a Republican isn’t going to be running Commerce).
Of course, that’s nonsense. But not to excitable Andy. He, with his fine tuned discrimination antenna says:
This issue was championed by Republicans for the usual “the-darkies-are-taking-over!” reasons.
Lost in his sloppy analysis is the fact that the announcement by the Obama administration was very specific about the move and why – complaints from the CBC and Hispanic caucus. Also missing is the fact that the move was overtly political and meant to placate the complaining political special interest groups. For a guy who constantly complained about the politicization of the Justice Department, he seems fine with covering an attempt to do the same thing with the census. Coordinating budget and outreach with the executive department isn’t at all the same as proposing a move of the entire census bureau out from under the Commerce Dept. – where it has always been – to the White House.
Sullivan will be fun to watch as he becomes part of the effort to backtrack and coverup for the new administration.
If you haven’t gotten you pork pie, you’d better hurry – mine is written into law plus a couple of bonuses:
DEPARTMENT OF COMMERCE
Economic Development Administration
Economic Development Assistance Programs
(including transfer of funds)
For an additional amount for `Economic Development Assistance Programs’, $250,000,000: Provided, That the amount set aside from this appropriation pursuant to section 1106 of this Act shall not exceed 2 percent instead of the percentage specified in such section: Provided further, That the amount set aside pursuant to the previous proviso shall be transferred to and merged with the appropriation for `Salaries and Expenses’ for purposes of program administration and oversight: Provided further, That up to $50,000,000 may be transferred to federally authorized regional economic development commissions.
Bureau of the Census
periodic censuses and programs
For an additional amount for `Periodic Censuses and Programs’, $1,000,000,000: Provided, That section 1106 of this Act shall not apply to funds provided under this heading.
National Telecommunications and Information Administration
salaries and expenses
For an additional amount for `Salaries and Expenses’, $350,000,000, to remain available until September 30, 2011: Provided, That funds shall be available to establish the State Broadband Data and Development Grant Program, as authorized by Public Law 110-385, for the development and implementation of statewide initiatives to identify and track the availability and adoption of broadband services within each State, and to develop and maintain a nationwide broadband inventory map, as authorized by section 6001 of division B of this Act.
wireless and broadband deployment grant programs
(including transfer of funds to McQ for the McQ Personal Economic Stimulus Program)
For necessary and unnecessary expenses related to the Wireless and Broadband Deployment Grant Programs established by section 6002 of division B of this Act, $2,825,000,000, of which $1,000,000,000 shall be for Wireless Deployment Grants and $1,825,000,000 shall be for Broadband Deployment Grants: Provided, That an additional $350,000,000 shall be paid directly to McQ in the form of subsidized loans that do not require repayment. Provided Further, That the funds be used by McQ to build aqua park for cats or for whatever. Provided Even Further, That McQ will receive free Braves tickets for life. Provided Even Further Still, That McQ shall be treated as a cabinet-level appointment for the purpose of income tax reporting, and therefore no taxes shall be paid on any of the aformentioned benefits. And one more thing: Pelosi is hereby expelled from Congress, effective immediately upon enactment.
digital-to-analog converter box program
Notwithstanding any other provision of law, and in addition to amounts otherwise provided in any other Act, for costs associated with the Digital-to-Analog Converter Box Program, $650,000,000, to be available until September 30, 2009: Provided, That these funds shall be available for coupons and related activities, including but not limited to education, consumer support and outreach, as deemed appropriate and necessary to ensure a timely conversion of analog to digital television.
National Institute of Standards and Technology
scientific and technical research and services
For an additional amount for `Scientific and Technical Research and Services’, $100,000,000.
industrial technology services
For an additional amount for `Industrial Technology Services’, $100,000,000, of which $70,000,000 shall be available for the necessary expenses of the Technology Innovation Program and $30,000,000 shall be available for the necessary expenses of the Hollings Manufacturing Extension Partnership.
Head over to Reason and fill out your stimulus request form today! It isn’t real until it is written into law. Get it in before they vote! They’ll never even notice it.
Apparently history began for Andrew Sullivan on January 20th of this year:
This much is now clear. Their clear and open intent is to do all they can, however they can, to sabotage the new administration (and the economy to boot). They want failure. Even now. Even after the last eight years. Even in a recession as steeply dangerous as this one. There are legitimate debates to be had; and then there is the cynicism and surrealism of total political war. We now should have even less doubt about what kind of people they are. And the mountain of partisan vitriol Obama will have to climb every day of the next four or eight years.
Obviously Sullivan can’t think of “legitimate debates to be had” concerning this awful bill (just turn toward the White House, bow and sign). And you have to assume that he doesn’t consider putting this bill together without letting the Republicans participate as a party (not as the ‘picked off three’) a cynical declaration of “total political war”. In fact you have to wonder when he began paying attention to “mountains of partisan vitriol” that presidents have to climb over every day.
Andy, when the opposition party “war” dedicated to undermining a presidency and causing it to fail even approaches that which the Democrats waged against George Bush for the last 8 years, I’ll be first to let you know. In the meantime, quit whining for heaven sake. This ain’t bean bag.
UPDATE: Andrew Sullivan responds to my points about “legitimate debates” and Republican inclusion:
You mean Obama never went to the Congress to talk to the House GOP? That he hasn’t been relentless in including Republicans in the debate? That he didn’t urge over $300 billion in tax cuts in the bill to assuage Republican feelings in the first place?
Of course going to Congress to talk with the House GOP turned out to be more for show than substance. It was made clear, afterward, that while he was polite and at least pretended to listen, little if any of what they asked for ended up in the bill. One reason that’s so is the bill was written by Democrats in Congress, not Barack Obama. If it had been written by Obama and his administration, Sullivan might have a leg to stand on. But obviously his “relentless inclusion” attempt was ignored by the Democratic Congressional leadership and the GOP was shut out of the process to craft the bill.
Concerning tax cuts, as we’ve pointed out here any number of times, transfer payments my be called tax cuts just like a pile of dog feces may be called a rose, but by any other name, they’re still just welfare checks. Those aren’t the tax cuts the GOP asked for and certainly not what the GOP would support.