
Fasten your seat belt ....
PLEASE. Vote No on the compromise stimulus package.
This is a plan the consequences of which will still be with us when my as-yet unborn grandchild votes for the first time. Yet the details of this stimulus plan were created in secret, aren’t widely known (most likely even to you), haven’t been examined, and haven’t been publically debated.
Don’t we, the American people, deserve better?
Kill this turkey. Kill it dead. Then start fresh, in the open, with full transparency for the American public. Only then will there be a believable bill the American people can trust.
The most respected economic wise men and women of both parties believe a huge stimulus is needed quickly to keep a dire economic situation from sinking into catastrophe.
Normally, it would be insane to spend upward of $800 billion so fast. Given the hole we're in, however, it's insane not to.
The House of Representatives loaded up the bill like a Christmas tree as powerful Democrats found room for their pet projects. This was a good thing, not an outrage. Hundreds of millions of dollars for contraceptives? To the extent that those condoms or birth-control pills are made in the United States and sold in U.S. drugstores, that spending would be stimulative in more ways than one.
One of the most effective items in the House bill was $79 billion to be transferred to state governments, which are hurting; in California, our most populous state, Gov. Arnold Schwarzenegger is ordering furloughs of state workers. Any dollar given to the states will fly out the door by sundown. That $79 billion would have instant impact.
Republicans are using this debate as a branding opportunity, positioning themselves as careful stewards of the public purse.


The size and variety of all the spending programs in this bill would make a drunken sailor look like a fiscal conservative. But the message is simple: Sign on the dotted line, and now, or All Is Lost. It brings to mind the used car salesman who warns that, if we dare step off the lot, if we don't ACT NOW to grab this souped-up Super Eight with all the trimmings, catastrophe will strike.
Good judgments are seldom hasty judgments, we’re being told to accept this vast, pork-layered "stimulus" bill now. There may be times when action -- and action now -- is needed, whatever the cost, as in war. Yet the voice of experience warns: spend in haste, repent at leisure.
This "stimulus" package is larded with so many bridges to nowhere or the equivalent as to make the old, secretive system of earmarking look open and deliberate. Most of this gargantuan spending package seems devoted to make-work projects, politically correct causes, and even programs that may be worthwhile in themselves but have no discernible connection with economic stimulus.
Please, when this behemoth comes out of conference, vote NO! Then, perhaps we can take a deep breath, step back, and get to work on a meaningful stimulus package - not a grab-bag of Democrat social programs to be passed in the dark of night.
So it is unwise to use such hyperbole. Compare the Obama administration’s much ballyhooed “most stringent ethics standards”—ever!—that only leads to 10 (“exempt”) lobbyists appointed to the administration, and at least four tax cheats (an accurate rather than hyped description) nominated to Treasury, government oversight, HHS, and Labor, as well as someone like Richardson imploding, and complete silence about Rangel, Dodd, and Frank.
Likewise it is unwise to keep evoking “patriotic” to describe those who vote for the stimulus package, and cry ‘catastrophic” if opponents disagree and the $1 trillion dollar debt program is delayed. If supporters in congress of Bush and Cheney were criticized for suggesting that to cut off funds for soldiers in the field or to declare a war “lost” was unpatriotic, then surely it is wrong to do the same for an opponent of a stimulus or tax plan.
Since a few questions have come in, we want to update you on the President's campaign commitment to introducing more sunlight into the lawmaking process by posting non-emergency legislation online for five days before signing it. This policy will be implemented in full soon; currently we are working through implementation procedures and some initial issues with the congressional calendar.
I've supported many tax cuts over the years, and there are tax cuts in this proposal. But a tax cut is non-targeted.
If you put a tax cut into the hands of a business or family, there's no guarantee that they're going to invest that or invest it in America.
They're free to go invest anywhere that they want if they choose to invest.