18 million to run the governments stimulus tracking website. That's after what was already wasted on it. It's not who you know.......
Hey Keith, how's that sound to you? Maybe the Bubbler could have an offshoot site to track it for maybe 10 million? That'd be a savings of 8 million dollars.
Obama said the measure “was not designed to work in four months -- it was designed to work over two years.”
End quote.
Two years. I don't remember being told that. I remember "immediate jolt" to the ecomomy. I remember "there's no time to waste". I remember Caterpiller would rehire with the passage of the plan. I remember unemployment wouldn't go over 8%.
What do you remember?
Maybe he's just being honest now. Two years is just in time for the next congressional elections.
Ever notice that when the press refers to politicians, that if they're Republican they point it out? But if they're a Democrat, it's not mentioned. Just like this story.
This guys hires his buddies in a law firm to "review stimulus spending".
Here's how stimulus money gets spent by beaurocrats.
Partial quotes:
More than $400 million in federal stimulus money has come to New Hampshire this year, and more is on the way.
Of that, $2 million has been tapped to provide oversight through a five-person Office of Economic Stimulus (OES) and to cover the cost of auditors at smaller agencies throughout state government. (beaurocrats).
Actual funding for the OES will be closer to $1.5 million for salaries, benefits and expenses (for 5 people), he said. The remaining $500,000 will be for positions at other departments.
So far, a total of 50 jobs have been created by the funding, 34 of them full time.
End quote.
I'll do some quick math, let's see.........400 million dollars for 50 temporary jobs. Hold on.........I'm thinking........
Got it! It's only 8 million dollars per job.
Yippie!
The good news is that they're applying for billions more. That should get a couple hundred more jobs.
Wow. These guys really think we're stupid. Sorry, I'm not. Here's the newest spin on the stimulus.
Partial quote:
"This legislation was designed to cushion the downturn," said White House Press Secretary Robert Gibbs. "That's why we have always talked about this as one function of economic recovery."
End quote.
So now, the stimulus wasn't designed to improve the economy. A trillion dollars (interest included) wasn't really for recovery. Don't these guys realize we could pull up any number of speeches, YouTube videos and news stories to dispute this?
I suppose the other "functions of economic recovery" are the Cap and Trade (energy tax) fiasco and Nationalized Healthcare. Ya that's it. Couple trillion more in spending. That'll get the economy going.
You should all be insulted. They honestly believe we're stupid and will believe whatever we're to be spoonfed on a daily basis.
I wish I had a nickel for everytime I heard that the stimulus was going to put Americans to work fixing our crumbling roads and bridges. Well, if that were true, why then is the Chamber of Commerce lobbying the White House to raise gas taxes another 10 cents per gallon to fix roads and bridges?
With over 700 billion stimulus dollars left to spend, what's the problem? Why raise taxes? Just write some checks for all those "shovel ready" projects.
That is why I have moved quickly to work with my economic team and leaders of both parties on an American Recovery and Reinvestment Plan that will immediately jumpstart job creation and long-term growth.............That also means an economic recovery plan that is free from earmarks and pet projects...........I have no doubt that years from now, we will look back on 2009 as one of those years that marked another new and hopeful beginning for the United States of America.
Now, however, Biden is saying, "But the act was intended to provide steady support for our economy over an extended period — not a jolt that would last only a few months."
Well, after 6 months (I know, give him a chance, he's got 3 1/2 more years to turn the economy around) most people don't think the stimulus is working.
Let's check the status of the jolt. I love how these articles always have the word "surprise" or "unexpected". The only surprise to me would be if this pork package actually worked.
Now, not wanting to admit the truth about cash for clunkers, the White House will do the same for refrigerators. What's next? Washing Machines? Dryers? Dishwashers? Water Heaters?
Yep, if Cap and Trade passes for sure. It's in there. Except under the Cap and Trade Bill, you'll get a "bounty" for your old appliance. That's in there too.
I just love paying taxes to subsidize other people's stuff.
Barofsky also will warn that it is unclear that the government rescue package has done much to increase the amount of bank lending or yet to remove toxic assets from bank balance sheets.
End quote.
Uh....those were the two things that TARP was supposed to take care of as I remember it. So what was it used for?
__________________ There is precedent for the mainstream media being megaphones for Democratic-manufactured hysteria. George Will
Today, there is a name for the political doctrine that rejoices in scarcity of everything except government. The name is environmentalism. George Will
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