@ everyone else, I turned off C-SPAN after I heard “$400 million for global warming research,” because I was too disgusted to hear anymore. Did the bailout pass?
This money is supposed to be paid back. If the economy recovers, it will be, and therefore will not be a “cost.” Roll your eyes if you like, but I think we’re going to be fine.
Hows about an income tax moratorium for the 1st quarter as seed money for citizens so we can buy those cars, homes, carpeting, boats, computers, furniture, etc.?
Or how about a tax credit when purchasing US-manufactured durable goods?
How about we abolish a few useless/redundant gov’t departments and programs and plow the money saved back into infrastructure?
How about put the trillions into the hands of the citizens, who will use it for purchasing things that arent selling like homes & cars. When they start selling again, the mfg will power up again and employees will go back to work and make money, and go out and buy things which will…(& on & on & on…)
We are from the government and are here to “help”!
(help = f*ck things up even more than they are)
Our local Representitive was in town the other day to say how good this bailout will be for the country. It took less than 2 months since his being elected for this self proclaimed “friend of the common person” to sellout his constituents.
I agree with you DJ! That would do many times more good than what the Democraps want to shaft us with.
But, unfortunately, the Democraps are certain that all the thinking must be done in DC.
Hey jimbohassler, by any chance is your rep a democrate?
The only thing tht is stimulated by this bill is pork barrel spending. And that is only to keep the corrupt democrats in power.
My township Supervisor has told me that they are not going to accept any of this pork. They will make due with what they have. I wish DC would get the message!
Guard SGT (ret)
Agreed, DJ.
And in a totally bipartisan move, why don’t we start with Congress as one of the government organizations we can do without. If they are our voice in government, I’m totally speechless…
revrick – Yep. For a century, we’ve defended freedom around the world. One of these days we’re going to have to defend it here…
typical, make up anything, to get a reaction….
You’re right DJ. As a marine, I took an oath to protect against all enemies, foreign and domestic and it’s about time to do some domesticating around home (although I fully support our troops no matter where they are and believe we must pursue the War on Terror, a term that’s no longer in vogue). But then again, I’m one of them gun-clinging, bible-thumping southern rednecks. If that makes me a curmudgeony SOB, I’ll aspire to be the best one I can.
Sander asked the right question. Where did the 8 trillion figure come from?
A chart like that gives a bogus impression on the true cost of the bailout. Our Congress wouldn’t be going crazy over 800 billion if this money was already spent. If it refers to money like Fannie and Freddie guarantees, then these figures need to be made public and our government needs to nationalize the banks like the UK did recently. To keep the foxes guarding the hen houses isn’t working…
100 million bucks is going to the guys that got him elected. i.e. Acorn. Well? I am wanting for my “change”.
There’s $1 billion for Amtrak, the federal railroad that hasn’t turned a profit in 40 years; $2 billion for child-care subsidies; $50 million for that great engine of job creation, the National Endowment for the Arts; $400 million for global-warming research and another $2.4 billion for carbon-capture demonstration projects. There’s even $650 million on top of the billions already doled out to pay for digital TV conversion coupons.
Here’s another lu-lu: Congress wants to spend $600 million more for the federal government to buy new cars. Uncle Sam already spends $3 billion a year on its fleet of 600,000 vehicles. Congress also wants to spend $7 billion for modernizing federal buildings and facilities. The Smithsonian is targeted to receive $150 million; we love the Smithsonian, too, but this is a job creator?
This is supposed to be a new era of bipartisanship, but this bill was written based on the wish list of every living — or dead — Democratic interest group. As Speaker Nancy Pelosi put it, “We won the election. We wrote the bill.”
Oh, dear. We are going to hell in a handbasket, aren’t we?
That’s what happens when growth is not sustainable.
For one, those numbers are not inflation adjusted. Two, where did the $8.5 trillion figure come from?
I suspect before it’s over we’ll wish is was only 8.5 trillion.
I’d like to know what this graph would look like if you adjusted for the massive amounts of inflation since the Louisiana purchase.
It might look like this…http://www.msnbc.msn.com/id/28780693/
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA@Klaw!
@ Mr Firesmith, yes, I feel the same way.
@ everyone else, I turned off C-SPAN after I heard “$400 million for global warming research,” because I was too disgusted to hear anymore. Did the bailout pass?
This money is supposed to be paid back. If the economy recovers, it will be, and therefore will not be a “cost.” Roll your eyes if you like, but I think we’re going to be fine.
Hows about an income tax moratorium for the 1st quarter as seed money for citizens so we can buy those cars, homes, carpeting, boats, computers, furniture, etc.?
Or how about a tax credit when purchasing US-manufactured durable goods?
How about we abolish a few useless/redundant gov’t departments and programs and plow the money saved back into infrastructure?
How about put the trillions into the hands of the citizens, who will use it for purchasing things that arent selling like homes & cars. When they start selling again, the mfg will power up again and employees will go back to work and make money, and go out and buy things which will…(& on & on & on…)
We are from the government and are here to “help”!
(help = f*ck things up even more than they are)
Our local Representitive was in town the other day to say how good this bailout will be for the country. It took less than 2 months since his being elected for this self proclaimed “friend of the common person” to sellout his constituents.
According to this:
http://abcnews.go.com/Business/Economy/story?id=6332892
It HAS been adjusted for inflation.
The numbers in the article are a little different, but the conclusion is the same.
Other looks at the same numbers:
http://www.boingboing.net/2008/11/25/bailout-costs-more-t.html
http://voltagecreative.com/blog/2008/11/scary-bailout-money-info-graphic/
(numbers pulled from Boingboing article)
http://inflationdata.com/inflation/Hyperinflation_Articles/Hyperinflation_Bailout.asp
I agree with you DJ! That would do many times more good than what the Democraps want to shaft us with.
But, unfortunately, the Democraps are certain that all the thinking must be done in DC.
Hey jimbohassler, by any chance is your rep a democrate?
The only thing tht is stimulated by this bill is pork barrel spending. And that is only to keep the corrupt democrats in power.
My township Supervisor has told me that they are not going to accept any of this pork. They will make due with what they have. I wish DC would get the message!
Guard SGT (ret)
Agreed, DJ.
And in a totally bipartisan move, why don’t we start with Congress as one of the government organizations we can do without. If they are our voice in government, I’m totally speechless…
revrick – Yep. For a century, we’ve defended freedom around the world. One of these days we’re going to have to defend it here…
typical, make up anything, to get a reaction….
You’re right DJ. As a marine, I took an oath to protect against all enemies, foreign and domestic and it’s about time to do some domesticating around home (although I fully support our troops no matter where they are and believe we must pursue the War on Terror, a term that’s no longer in vogue). But then again, I’m one of them gun-clinging, bible-thumping southern rednecks. If that makes me a curmudgeony SOB, I’ll aspire to be the best one I can.
Jimbo, I believe despair.com sums it up best:
http://despair.com/government.html
^ Perfect!
Sander asked the right question. Where did the 8 trillion figure come from?
A chart like that gives a bogus impression on the true cost of the bailout. Our Congress wouldn’t be going crazy over 800 billion if this money was already spent. If it refers to money like Fannie and Freddie guarantees, then these figures need to be made public and our government needs to nationalize the banks like the UK did recently. To keep the foxes guarding the hen houses isn’t working…
http://www.commondreams.org/view/2009/02/02
100 million bucks is going to the guys that got him elected. i.e. Acorn. Well? I am wanting for my “change”.
There’s $1 billion for Amtrak, the federal railroad that hasn’t turned a profit in 40 years; $2 billion for child-care subsidies; $50 million for that great engine of job creation, the National Endowment for the Arts; $400 million for global-warming research and another $2.4 billion for carbon-capture demonstration projects. There’s even $650 million on top of the billions already doled out to pay for digital TV conversion coupons.
Here’s another lu-lu: Congress wants to spend $600 million more for the federal government to buy new cars. Uncle Sam already spends $3 billion a year on its fleet of 600,000 vehicles. Congress also wants to spend $7 billion for modernizing federal buildings and facilities. The Smithsonian is targeted to receive $150 million; we love the Smithsonian, too, but this is a job creator?
This is supposed to be a new era of bipartisanship, but this bill was written based on the wish list of every living — or dead — Democratic interest group. As Speaker Nancy Pelosi put it, “We won the election. We wrote the bill.”
-WSJ 1/28/09