Cross posted on: myDD
... Let’s face it, we can only have a stimulus package if the President is willing to sign one. But we can only go as far as the President will sign.
That’s House Speaker Nancy Pelosi starting the negotiations on a second stimulus package by giving away the farm.
There’s an old story in Texas about a young man whose daddy has sent him to trade horses on his own for the first time. He meets a wise old sharpie and the guy says, “So how much do you want for that horse son?” The kid answers: “Well Daddy told me to ask for $100 but to take $50.” “That’s great kid, here’s $50, give your daddy my regards.”
That’s what the Congressional Democrats do EVERY TIME.
While every stop is being pulled out to save the Wall Street “Masters of the Universe”, state governments across the nation are being pulled into an economic black hole. It’s no surprise that President Bush doesn’t care, but its very frustrating to see Pelosi being complicit in his indifference.
She’s apparently telegraphing her willingness to throw the states over the side. Why not make the most unpopular president in history veto a bill that would be popular just in time for the election?
Not having a vote on a strong economic recovery package is bad politics. Bad terrible awful dumb politics. What’s the point of electing Democratic Members to Congress if they won’t stand up for Americans even when the President won’t?
Newsflash to the Democrats on Capitol Hill, this is the perfect time to force some Republicans up for re-election to put themselves on the record as opposing a package to save the economy.
But Pelosi doesn’t get that concept. Instead she wants to pass something on the first go and she’s so eager to please the president that shes pre-gutting a second stimulus package. Even though she’s talking a good game to the press:
Pelosi renewed her vow to try to pass a stimulus measure that would combine billions of dollars for jobs-producing infrastructure projects, more food stamps, additional Medicaid aid to states, home heating subsidies and a further extension of unemployment insurance.
Persistent rumors from Capitol Hill indicate that she’s telling the White House that she’s willing to throw the Medicaid aid to states overboard.
Should we settle for a bill that only goes halfway in addressing the economic crisis? No. We did that once, earlier this year, and the first stimulus package failed.
This has been on the table for a long time. The same experts who said the first economic stimulus package failed also said aid to states needs to be in the next stimulus:
If a second round of stimulus is necessary, other options that should be on the table. These include payments to states that will need to cut spending because of balanced budget provisions as their tax revenue falls.
And in a letter to House Leadership in late January as the first stimulus package was being prepared, a bipartisan group of 39 Governors “requested that state aid be included in the stimulus:
The nation’s governors urge you to include state countercyclical funding as part of your legislation to stimulate the economy....
In 2003, Congress approved $20 billion in assistance to states, including $10 billion in Medicaid and $10 billion in block grants. The governors’ current stimulus proposal is essentially the same, with the exception that it is a total of $12 billion as opposed to $20 billion. This proposal can be enacted quickly, as there is precedent and it is timely, temporary and targeted.
The plan is there, we know what is needed to help dig us out of this economic muck, and potentially shield the states from further dramatic losses if Wall Street keeps acting up. Our mentality shouldn’t be “take what we can get” it should be “this is what we need, this is what will pass.” If Republicans want to vote against improving the economy, let them explain it to the voters.
It’s time to have a clear vote on a real, working economic stimulus package. It’s time to show voters there’s a real difference between Democrats and Republicans.



They Reward Theireselves Billions While The Ship is Sinking
“In 2007, Wall Street’s five biggest firms— Bear Stearns, Goldman Sachs, Lehman Brothers, Merrill Lynch, and Morgan Stanley – paid a record $39 billion in bonuses to themselves.” ABC’s Political Punch — I say no Bail Out! AND
Sen. John McCain’s campaign manager, Rick Davis, was paid more than $30,000 a month for five years as president of an advocacy group set up by the mortgage giants Fannie Mae and Freddie Mac to defend them against stricter regulations!
http://www.nytimes.com/2008/09/22/us/politics/22mc…
More McCain Hypocrisy! – And for those who think we will not have another Bush/Cheney Whitehouse if McCain gets elected, please be advised that McCain has 10 former Bush strategists and operatives working and advising him now. They are: Steve Schmitt, Tucker Eskew, Tracey Schmitt, Nicole Wallace, Mark Wallace, Stephen E. Biegun, W. Taylor Griffin, Matthew Scully, Greg Jenkins and Matt McDonald, which spells McCain-Bush all over again!
McCain who has been Chairman of the Commerce Committee for years says he knows very little about the economy, the one truth he has been honest about, because it has always been about Corporations first, only and last! It is our turn now and no more corporate bail outs who are in fear of losing their luxurious way of life on the back of the American people.
Dems should blame economy on their regulation
It started in the Carter admin when the Dems passed an act (CRA) which would force banks to give out sub-prime loans to people who can’t pay it back. For a time, it was alright. Regan and daddy Bush did not enforce it too much. Then, CLinton came in and gave Franklin raines and other people the responsibility to enforce the act on the banks. In fact, the congress in the clinton era passed another act to succeed the CRA. It made sub prime loans available to a less poor demographic. Almost everyone. So people want loans like crazy and the banks were forced to give them out (Government telling banks exactly what to do in their business! Socialism). A couple years ago we started having waves of the first few payments of the loans. Guess what? People could not pay for them (That’s why they should never have been given a loan!). So now we have to bail out all these people because Dems thought they could play a command economy, the repubs didn’t stop the regulation, and pelosi is out of touch with 76% of America! It’s government corruption people! Not just repubs. Dems primarily, but the repubs for allowing it to happen!
Do you keep in touch with your home planet?
I understand that you really need to blame Jimmy Carter and Bill Clinton for all that is wrong in this world, but this fairy tale you’ve published…please!
JP
Thanks for that McCain talking pts
We understand this is the latest talking point from the McCain campaign – blame minorities, etc, for the sub-prime situation. Thanks for posting them.
pd
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