Comments for Obama Makes History... Breaks US Debt Record In Just 30 Days »
Posted By pc25 10 months ago in NewsOn Friday the 13th , the Democratic Congress will approve the largest On Friday the 13th, the Democratic Congress will approve the largest transfer of private wealth to public officials in US history.
That move will put the 2009 Democratic Congress and President Barack Obama into the record books.
Read Full Story at gatewaypundit.blogspot.com »
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pc2510 months ago
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wonderful news considering the White House now admits the stimulus wont work
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White House dampens stimulus expectations
http://news.yahoo.com/s/nm/20090215/bs_nm/us_usa_s...
but we had to pass it asap-

Leemck0210 months ago
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pc25, think about it as the price for having gone to far with Tax Cuts and no emphasis on production or bottom-up building; as some say, the chickens are coming home to roost. Don't be to quick to predict the outcome, the money was only transfered, wait to see if the expenditures balances before you cheer for failure.
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pc2510 months ago
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have you been keeping abreast of what your fearless leader has already said about the Stimulus
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it is not going work.......
http://gatewaypundit.blogspot.com/2009/02/white-ho...
White House Already Admits Stimulus Won't Work... But Thanks For Funding Our Pet Projects, Guys!
check the Feb15th link to the original story................-

wtagg10 months ago
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I have trouble understanding why you are upset with someone continuing the uncontrolled spending policies of the previous admin you supported.
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At least this bill is spreading the spending around vs. rewarding one industry sector for failure.
That said, both bailouts are bad. I was against the first one and am against this bill.-

Leemck0210 months ago
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wtagg, that's consistency, and we all have to respect your position, calling it as you see it. For the other's trying to uphold the right-wing position, sell the opinion of culprits who wrecked the economy and would-be reporting sources, that's worth correcting.
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injest10 months ago
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Jezzzz your clueless.
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Leemck02
“the money was only transfered, wait to see if the expenditures balances before you cheer for failure”
The money is not being “transferred”, it is being “barrowed”
And what can not be barrowed will be printed.
“having gone to far with Tax Cuts”
What do “Tax Cuts” have to do with the sub prime housing market?-

Leemck0210 months ago
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injest, I suppose you have all the clues (not to say they are worth anything). Did you have a clue leading up to last minute when "W" and McCain/Palin was saying the economy is fundamentally strong? What were you saying when Sec Treasury Paulson told the nation "we don't have to worry"?
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Your clues aren't much to brag about. Write your representatives and tell them to find something else to lockstep on, the TAX CUT strategy as a cure for the common cold or improving the economy won't make it.-

injest10 months ago
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Leemck02
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“McCain/Palin was saying the economy is fundamentally strong”
Jezzzzz lame!
Try using ACTUAL quotes, the FULL quotes, and the correct words!
McCain : "fundamentals of our economy are strong" and the fundamentals are "at great risk."
Did ya notice “fundamentals” not “fundamentally” are you so ignorant you don’t know the difference?
(Hint that’s a rhetorical question, you already have answered it)
McCain noted what he called "tremendous turmoil in our financial markets and Wall Street,''
"And my opponents may disagree, but those fundamentals -- the American worker and their innovation, their entrepreneurship, the small business, those are the fundamentals of America, and I think they're strong," he said in Orlando.
Did ya get that Leemck02?
The fundamentals McCain was talking about are
the American worker.
their innovation
their entrepreneurship
the small business
Do you think those fundamentals are weak?-

Leemck029 months, 3 weeks ago
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Injest, thank you for the correction, so now I know the fundamentals, not fundamentally, the economy is not weak but at risk. Yet the banks are failing and lending is well under capital requirement.
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This "at risk" stuff, is it of collapse, becoming weak or being wonderful? In short, you were better of just saying he (McCain) was wrong than confused. Ignorant as I may be, my lying eyes see all the business failures, job losses and houses going into default. Bottom line, I still think good riddance to "W" and anyone in tune with policy he supported (Tax Cuts for growth) or party members associated with the same.
If you think in any way that McCain/Palin was on the right economic track, God bless America President Obama was elected. I will concede that perhaps your warm and fuzzy feelings about fundamentals vs. fundamentally, or the rest may mean something to you . . . you are entitled.
I got what you said, referring to the list, but that still don't add up to a hill of beans in terms of performance.
-The American Worker, education is losing ground to other nations - not strong. Recoverable.
-Innovation - support and systems bringing them to market, for the last 8 years record breaking lows - Recoverable.
-Entrepreneurship, SBA says 80% will fail in 3 years, and Top-Down has crushed Small and Medium business with off shoring - weak. Recoverable.
-Small businesses, one word - "Walmart". Weak. Recoverable
That's what I think. I would like to hear your thoughts on my views on your list that said little on your position.
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UnusualSuspect10 months ago
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And if McCain had been elected...you don't think some sort of stimulus plan would have been passed as well, and that it would probably be close to being as much, the same, or more, than what was passed?
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Or if McCain have not created a stimulus package, would he and the rest of the Republicans let the country go down the tubes?
Get real, pc...wake up, and open your eyes...-

pc2510 months ago
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a different type of stimulus plan one that stimulates the economy not special interests
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200 Top Economists Say "Stimulus" Bill Won't Work
200 top economic minds signed a national ad published in The New York Times and the Wall Street Journal against the trillion dollar spending binge proposed by democrats. The ad, sponsored by the Cato Institute, blasts the massive boondoggle that funds liberal projects under the guise of "stimulating" the economy.
http://www.propeller.com/story/2009/01/31/200-top-...
I'll take the word of 200 TOP Economists over the lies and rhetoric of Obama, Reid and Pelosi any day.
This is a little more real than your comment-

injest10 months ago
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“I'll take the word of 200 TOP Economists over the lies and rhetoric of Obama, Reid and Pelosi any day.”
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OOOMMMGGG
How can you question Pelosi?
Don’t you know were losing 500 million jobs every month!
http://www.youtube.com/watch?v=x8hMJVXt09E
Nancy Pelosi: Dumber than Soap -

quackpot10 months ago
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Special interests in both cases, pc25, but the special interests would have been different:
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Republican special interests: Give the rich and ultra-rich more money to spend on foreign goods.
Bill that passed special interests: Give the future generations that will have to pay for it a better infrastructure while employing U.S.A. workers. -
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injest10 months ago
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“And if McCain had been elected...you don't think some sort of stimulus plan would have been passed as well”
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Yes he would have had a “stimulus plan”, It would have been bi-partisan, as that is McCain’s stock n trade.
We would know what it will be spent on. You, I and no one knows what this plan will actually be spent on.
Need proof?
Name 5 of the “Shovel ready” projects?
Where are they?
Who will be doing the work?
How much will each cost?
What exactly will they accomplish?
And the kicker,
ready,
Show us the “Environmental impact studies that MUST be completed AND approved
before a single shovel can be turned. (Approved, meaning it has gotten passed the law suit changes, and won)
Just asking for what Obama promised he would do.
http://www.barackobama.com/issues/ethics/
· Shine Light on Earmarks and Pork Barrel Spending:
Obama's Transparency and Integrity in Earmarks Act will shed light on all earmarks by disclosing the name of the legislator who asked for each earmark, along with a written justification, 72 hours before they can be approved by the full Senate.-

quackpot10 months ago
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There are TENS OF THOUSANDS of projects throughout the country that can be started as soon as funds are available. Virtually every state, city and town has a pet must-do project that is ready to go as soon as money is available (Those without such a project need a new mayor!!!!).
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Wolfie200710 months ago
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Leemck0210 months ago
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nostalgia, if the stimulus is going back into the economy and not in rich people's accounts it okay with me. Cast a little bread on the waters that it may return. Get your speech ready for a response when the economy shows a positive response.
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nostalgia10 months ago
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Have you read the bill? Have you read the CBO reports on the bill?
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How much is going back onto the economy?
In case you haven't read the bill I'll give you a clue - not much
You will get $13/week this year and $8/week next year
Don't spend it all in one place or were you planning on starting a business with it and giving people jobs?-

wtagg10 months ago
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Actually, spending, whether it is you making the decisions or the government, goes back into the economy. The trouble is that you are not getting to decide what it is getting spent on and your return on the tax dollars may not be very equitable.
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Whether it is you that is buying a hybrid vehicle or the government, the vehicle still is purchased.
The fear is that if too much money is returned to the tax payer through tax cuts, they will hoard it vs. spending. The government is not very good at not spending the money.-

nostalgia10 months ago
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But have you read what many economists are saying?
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Govt spending of this magnitude will create an upward blip followed by another steep decline - a double dip recession or worse
When combined with the debt, excessive printing of dollars and funding the over 100 new programs created you are going to combine the second decline with inflation and the inevitable increase in taxes so the govt can make debt payments
We are looking at a Japanese type recession.
If you give taxpayers a cut, they won't be "hoarding" money
With the last rebates they already know that the majority paid down debt. That is a good thing. Excessive debt on the part of consumers helped create the mes we are already in
Economists have also revised the optimistic estimate of the number of jobs created by this bill
Now it is 2 - 2 1/2 million
Why do you think the administration has changed their rhetoric - they are going to create or SAVE 4 million jobs
They already know that this bill won't create 4 million jobs
You already know what they will be saying when this recession continues - it would have been worse BUT we saved XXXX number of jobs
And you won't be able to prove they are wrong - no agency tracks "saved" jobs. They will be able to pull any number they please out of thin air-

wtagg10 months ago
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I was addressing the literalness of your comment as to whether the spending will end up in the economy. Will it help, hinder, keep the same? Who knows and as you've addressed, almost anything can now be said in one way or another. There will be no empirical evidence that can be used to show whether it helped or hurt.
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Have you considered that this is exactly the desired effect? Now I sound like a conspiracy nut, but it provides ample ammunition to both sides of the argument with none of it being provable.
I am anxiously awaiting the representatives, senators, and governors that vigorously protested and voted against this bill to refuse any funding it provides their electorate. Will they stand on their principles or have their hand out? Unfortunately, even the likes of Ron Paul will not refuse the money. It will justly paint them all with the same wide roller.
You know that I am against any and all bailouts. That is not to say that important elements are not buried in there, but each should be voted upon by their merits alone. Infrastructure is a good example.
Instead of having bills that are thousand's of pages thick, it would be nice to see them less than a hundred, maybe even in the tens. That way even the electorate (god forbid) might have a chance to see and understand exactly what our representatives are doing. Of course, the conspiracy nut may be inclined to believe that is exactly what they don't want.-

nostalgia10 months ago
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Isn't it time for states to be held accountable instead of always going to Washington with their hand out?
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How many of them have rainy day funds?
How many put caps on the rainy day funds they have leaving them vulnerable to this type of downturn?
How many have been shortchanging their rainy day funds to spend more money when times were good?
For example, when has California been stable? They seem to always be in trouble
Aren't they the 8th largest economy in the world?
What have they been doing with all of the money?
You and I have always agreed on the bailouts - NONE-

wtagg10 months ago
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We, the electorate, seem very good at electing individuals that love to tell us what we should do, but not so good in following their own advice.
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I am just as upset at states that receive more than they contribute. SC is a great example. The governor is complaining about spending, but receives $1.30+ for every dollar contributed.
The solution is that money should not end up going to Washington to begin with. The money should stay local. Of course, that might not make South Carolinians happy.
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Leemck0210 months ago
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Wolfie2007, not quite, he is saying we still need to hit the bottom, and he is trying to raise it up a bit before we reach terminal velocity. Hopefully, when we hit we'll bounce not break.
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Eight years of blunders and debt and your faith was strong, even when the same people who knew everything about how Tax Cuts was going to make the economy better still were talking about a "fundamentally strong economy". Wishful thinking, hopeful that President Obama fails to ease the embarrassment that the GOP is not fiscally responsible and worst, are not fit to represent the nation.-
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fiftynine10 months ago
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"I don't think the American public is look at this like it is a 12 step program"..Maybe they should .The right hasn't admitted that anything was wrong yet..in fact some like BB64 are still saying that the econmy isn't as bad as what we are being told...lol..In a twelve step program the first step is admitting that there is a problem.
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Leemck0210 months ago
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pc25, actually look at it like parachuting and you've pulled both cords and you are near 3000 feet before the ground meets you . . . now what ever you think will break your fall is worth considering.
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Who was it that packed America's chute before pushing it out of the plane for the free fall? Is that the same right wing crowd that is yelling to do like the "Pink Panther" cartoons, just jump up before you hit the ground and you'll walk away fine.
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Klarissa10 months ago
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Obama said:
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"We've gotta spend some money now to pull us out of this recession. But as soon as we're out of this recession we've gotta get serious about living within our means instead of leaving debt for our children and grandchildren and our great-grandchildren. That's not the responsible way. That's not how folks here in Peoria operate in their own lives and they should expect the government is equally responsible."
Comments out of both sides of the mouth.
Spend money
VS
Don't spend money that you don't have.-

pc2510 months ago
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He was like Kurt Russel in used cars......this car is you, you need this car, sign on the line now, if you don't someone is gonna come in a take this beauty away........hurry, dont want to see you loose out......
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http://www.youtube.com/watch?v=ZQiTRQTiMGY-

Wolfie200710 months ago
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fiftynine10 months ago
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Hey wolfie..care to tell me how much of taxpayer money bushboy gave away...was it less than a trillion..Don't think so..But that pork was different wasn't it..it was republican pork.it even smells better doesn't it..Yep all those nice wall street execs laughed all the way to the bank with your money..What about the pallets of money that just came up missing..That Obamas fault also..What about the debt that your hero doubled while posing as a conservative,or the trillin dollars wasted in Iraq..Come on wolfie get friggin real.
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bluetexasvalley10 months ago
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stalemateComment removed: Retracted by user15 Replies
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Leemck0210 months ago
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Klarissa, your statement shows little understanding. "Spending money" is not the same; there are the wise and the foolish. When the GOP does it, it goes to the Top and we wait foolishly for it to trickle down, the rich get richer and the country nears collapse. When this administration does it, it will go into supplying multiples in local economies where the dynamics increase.
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I just hope he can get it straight to people and companies, right pass the Republican locals who will still direct it to special interest. That is this President's challenge. Look at broke SC and the Republicans trying not to help their economy. The people will soon find out the hopes for the South rising again is not good economic sense.
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pc2510 months ago
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Is that a fact
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Obama Will Spend "6 Times" As Much On Bailouts As Iraq War
http://gatewaypundit.blogspot.com/2009/02/obama-wi...-

wtagg10 months ago
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Good lord, a blog as empirical evidence. Nicely done.
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The Iraq war, when all is said and done, will easily push a trillion and could very well get close to 2 trillion. Just think of 250,000 vets within the VA system for 50-60 years dealing with casualties aftereffects and every syndrome you can imagine.
Ironically, the VA stuff was cut pretty dramatically in the compromise. Not that it should necessarily be in such a bill, but I have to wonder who did the cutting and why.-
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wtagg10 months ago
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Certainly. What really contributed to the change? Those they represents should be told and then judge whether that fits into their particular political belief.
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Again, I am tending to believe the complexity of legislation is so that anything can be said from any point of view and it has some truth in it.
Just like calling 3 republicans that support the bill as a bipartisan victory. I would think that it would take more than 8% of the available republican votes to be considered bipartisan.
It is interesting looking at the stance of many of the republican governors. They seem very eager to get their hands on some of that money.
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nostalgia10 months ago
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It's not over yet
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As I posted on another story:
It also appears that Prince Timothy was a little more specific with the details of his new program with the G-7 than he was in his speech here which bombed
According to an article on Bloomberg.com:
G-7 Says ‘Severe’ Downturn to Persist, Vows to Reverse Slump
Group of Seven finance chiefs vowed to tackle a “severe” economic downturn that will persist for most of 2009 without spelling out new steps to do so.
The G-7’s finance ministers and central bankers said in a statement released after talks in Rome yesterday that they were working to restore confidence in markets and revive the world economy. They predicted the full effect of individual rescue packages will “build over time.”
Geithner, a former Treasury undersecretary in the Clinton administration, returned to the G-7 stage after a week in which investors complained his $2 trillion plan to revive lending lacked detail. His colleagues yesterday urged him to push ahead.-

nostalgia10 months ago
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And in case you haven't seen this yet:
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Democrats Tailor Foreclosure Bill To Obama Goals
As President Obama prepares to announce a program next week to stem the soaring rate of foreclosures, key Democratic lawmakers say they are planning to craft a housing bill that would give the administration the authority it needs to carry out several elements of the initiative.
Obama will unveil the plan Wednesday in Arizona, among the states hardest hit by the housing downturn, White House press secretary Robert Gibbs said yesterday.
Rep. Barney Frank (D-Mass.), chairman of the House Financial Services Committee, said the administration's program would probably require changes to federal law. Some of those are already working their way through Congress. But Frank said he is looking to pull them together into a single housing package.
http://www.washingtonpost.com/wp-dyn/content/artic... -

nostalgia10 months ago
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AND don't forget
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Congress has not passed the appropriations bills for fiscal year 2009 which started last October!
They will be doing that when they get back from break in one huge omnibus appropriations bill
After that they will be working on the appropriations for fiscal year 2010
Now this story:
UN lobbies for share of bank rescue funds
The UN and the World Bank are lobbying for a portion of the billions of dollars allocated to bailing out the West's banking systems to be diverted to prevent 400 million people sinking into poverty across Asia in the wake of the global economic crisis.
UN officials say that such a plan is necessary to prevent severe social unrest in poor countries, especially among the tens of millions of migrant workers who are being forced back to their villages as jobs dry up in the cities of Asia.
A similar scheme has been proposed by Robert Zoellick, the head of the World Bank, who recently called for a "Vulnerability Fund" to which each developed country would contribute 0.7 per cent of its stimulus package.
http://business.timesonline.co.uk/tol/business/ind...
And guess which agency in the UN will run the program - the same one who handled the Iraq "Oil for Food" program
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Leemck0210 months ago
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Nostalgia, who are we to wait on? Are we to do more of the TAX Cuts? And Bloomberg was saying what when the nation was going down the tubes? By the way, what did the G-7 say for the last 8 years? Let's talk credibility.
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Is this a repeat of President Clinton's tenure, when all the TAX Cutting guru's was in lockstep, and rubber stamp spending also making Big Government while saying the opposite, meantime damning Clinton's policy only to find he made the surplus? Check the record.
Clinton can't spend and raise taxes they said. This is a laughing stock if we weren't in a near collapse. Somebody need to get serious.-

nostalgia10 months ago
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"Clinton's policy only to find he made the surplus"
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You are joking right?
That "surplus" was the result of 2 things - Congress cutting spending (now go back and look at who controlled congress when there was a "surplus") AND the usual inside the beltway accounting gimmick of adding the Social Security surplus into the general fund and be spent. It helps mask deficits
And I seem to recall Clinton refusing to sign a budget because of the cuts Congress made. It resulted in the government being shut down
Were you asleep during the Clinton years or just ill informed? -

Wolfie200710 months ago
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Lemck
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Hey genius has it ever occurred to you that maybe the federal government could cut spending instead of borrowing a trillion dollars to blow on pork projects? Cutting all taxes for people who pay taxes would stimulate the economy. The problem for you is you're so eaten up with class envy you can't see the truth. What a pitiful ideology you have take from those who earned and throw their dollars down a rat hole..
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Leemck0210 months ago
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Huckabee is on the sidelines and should offer something constructive if he is to say anything at all. What did he say during the 8 years (plus) that this mess was building up? He is good for hind sight at best; but then he isn't saying "what ever you do, don't do the Tax Cuts in the Top Down strategy as a solution", so he not to be considered as credible now.
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pc2510 months ago
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he is offering something constructive.......he doesn't like the bill abd for obvious reasons, you admonished me that the money hasn't been spent yet........well here's where it's going
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http://www.thespendocrats.com/index.aspx
the only thing that is going to get stimulated is that persistent tingling sensation in Chris Matthew's leg...... -
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wtagg10 months ago
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Just think, you supported the admin that started it all and are now complaining about continuing what they started. Jumping on the bandwagon a little late, aren't we?
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Or is it that the former admin's banking friends got what they wanted and it should stop there?
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pc2510 months ago
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If you check the chart which shows the federal surplus or deficit as a percentage of GDP it is the highest it has been in 30 years. It is almost 3x the deficit that the Carter administration was running in 1979 and he has along with Nancy Pelosi miraculously achieved this in less than 30 days..........
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rightfromwrong10 months ago
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all these neo-cons must have dementia or something. They seem to forget who undermined the whole economic viability of the USA....Could have been dictators Bush & Cheney. Cheney is a true patriot though having helped his beloved company Halliburton to move to Dubai so they could avoid paying USA taxes.
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Georgia5010 months ago
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r.f.w:
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Explain how moving a corporate office and a CEO abroad removes either the corporation or the CEO from US income tax laws. I want details. Point me to the exact statute that offers this tax benefit to Halliburton.
For the CEO, the forum needs you to explain how a US citizen can work abroad and trigger no US income taxes despite not having rescinded his/her US citizenship.
Thank you. A million eager tax cheats just like the idiots nominated by Obama to serve in his cabinet await with bated breath your infinite wisdom. Do good enough a job in your response, and I won't even bother to mention the untold millions that Senator Kennedy has in offshore accounts.
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Leemck0210 months ago
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PC, the money has not been spent yet, so we are not any worst off. As investments go, you have to spend (buy) first, then see if the choice for a return was a good pick. That was real money lost with 'W' and company, that's really gone, and we don't know where.
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When we lose accountability and find this President has ties with offshore accounts and funky companies then its time to worry.
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pc2510 months ago
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http://gatewaypundit.blogspot.com/2009/02/generati...
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Sunday, February 15, 2009
Obama Broke 7 Promises With Generational Theft Act
Good work, Dems!
It only took 3 weeks and the largest transfer of private wealth to government officials in the nation's history for Barack Obama to break at least 7 of his campaign promises.
Sweetness and Light explains:
7 Broken Promises in Record Time
1. Make government open and transparent.
2. Make it "impossible" for Congressmen to slip in pork barrel projects.
3. Meetings where laws are written will be more open to the public. (Even Congressional Republicans shut out.)
4. No more secrecy.
5. Public will have 5 days to look at a bill.
6. You’ll know what’s in it.
7. We will put every pork barrel project online. -

greenmac10 months ago
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As usual PC25 and Woolfie are wishing for Obama/USA to fail ... what patriots. The former administration was handed a surplus and it was squandered away....what a shame.Now obama is doing his best to try and save the country from tanking out and the cheerleaders for the former administration ,both inside and outside the government, have become experts on the economy....what a laugh.
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pc2510 months ago
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greenmac10 months ago
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"hey what ever happened to bi partisanship"...That is a good question...What did happen to it....Why didn't the republicans help instead of hinder. Is it they are unable to comprehend the past damage they have done and how they contributed to it? Are they afraid to think outside the box they put themselves ??
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wtagg10 months ago
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"hey what ever happened to bi partisanship"
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Again, why are you complaining about something that is being continued from the past admin? Wasn't much in the way of bi-partisanship during the previous 8 years, so when the shoe is on the other foot, you must wear it.
We've been raped for 8 years. Why are you suddenly wanting justice? Had you been complaining over the last 8 years, you would have a foundation to base your position on. Now, it sounds like you are unhappy having the toy taken away from you and given to someone else. -
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Wolfie200710 months ago
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greenie
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I have no reason to wish for the bill to fail even though I know it will and it will make the economy even worse. I wish it could be different but I am one of those who looks at past history and I learn from it. It's too obvious that you don't. How is it that you say Obama is doing his best when he hasn't even come close to doing the right things? Compared to you and your crowd the conservatives here on Propeller are freaking genius on the economy and you're a joke. Yeah, I'm laughing!-

greenmac10 months ago
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Let me say this. you were ..and are a Bush supporter. Bush was a dismal failure....polls...historians...etc. back this statement up. I was against Bush before and during his second term and I believe you probably read some of my posts that predicted where the US was heading...and it came true. That being said...I guess based on my track record against yours...I would probably be deemed a better judge of what is happening today....is it arrogant of me to say this...I believe so...but the numbers support the statement. Now you win in the negativity category hands down... not something I wish to be.
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traceanyone110 months ago
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We're in a situation where we're damned if we do and damned if we don't. There no clear solution, politicians don't the answer if they did they would be shouting it all over.
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You can't just sit idly by and complain it does'nt help any. If the US economy collapse we all suffer. Do what you can where you're at to help.
We buy from and need each others services egardless of party affiliation. -

injest10 months ago
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WASHINGTON (Reuters)- President Barack Obama's aides warned Americans on Sunday not to expect instant miracles from the $787 billion economic stimulus bill he will sign this week, but said it would help eventually.
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“it would help eventually”
So will buying a pack of gum.
A pack of gum does not cost $787 billion -

injest10 months ago
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Here’s a thought.
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How bout we put 785 billion dollars, in one dollar bills, loaded into 40ft long simi trailers.
We can rig some sort of venturi /vacuum thing that as the truck goes down the road dollar bills are sucked out and float down to the ground!
Then Americans can follow the trucks picking up the money!
That will get the money out to the public faster than 3 years!
Stimulus is Spending.
Spending is Spending.
Give the money to all Americans and let them spend it!
Americans spending IS Stimulus!-
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skyking2p10 months ago
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injest you plan sounds a lot like the one GW bush had to take plane loads of US dollars and spread it around Iraq. That is part of your parties legacy . I find it interesting that you are ok with spending more than one trillion dollars in iraq (and still counting ) than spending this money in the US.----- I was called a traitor for not supporting for not supporting the Iraq war.
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JohnGault10 months ago
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People think, that this is somehow Free money, for every dollar spend, it will have to be repaid with interest back. It will be our children and their children that have to pay for this.
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Between the wars, the Tarp, and now the stimulus, we are looking over 3 Trillion, and this is just to start. This is NOT our money to spend, and it COULD be a huge anchor on the future generations to pay off. All people are asking for, is to get it right. Work on a plan that gives the people confidence.
As for paying off this debt. Not related to but in the works.
The Government is already starting steps to create a new mileage tax, a measure that would be a GPS tracking device in your car! In the guise of needing more revenue, they are invading our privacy. Are we going to tolerate this!-
stalemateComment removed: Retracted by user
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skyking2p10 months ago
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pc25-- thanks for the compliment The tax codes are used for many things and one of them is distribution of wealth. Reagan used it for his trickle down bs. Let the wealthy keep more of there money and they will use it to to create jobs bla bla bla. How did that work out?? They send there tax money to offshore accounts.
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If you look at the chart in the article most of the red ink took place under your republican admins. the last five years under Clinton look very interesting. The top 1% should be taxed at lest 70% .
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Georgia5010 months ago
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Uh, the point of a tax cut is to direct it to those who paid the taxes in the first place. Not to be confused with losers who get every penny of withholding tax returned to them via the EITC on their 1040 and thus are not technically tax "payers."
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I know...such a simple, straightforward concept. That's why it baffles you so.-
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skyking2p10 months ago
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well Georgia I think there is still a country to run. If a war is important and your going to invade countries and spend money like we have in Iraq then maybe you need to raise taxes to pay for that war. What bush did was lower taxes for the top 1% WHILE fighting an unnecessary war. Don't you think that is the way to do if. If yo want war i think it needs to be payed for.
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quackpot10 months ago
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How to puzzle a neo-con...
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Take the goose that borrows from future generations to improve future generations via public works projects -->and convert it to a golden egg for ME ME ME.
Ask'em what more can government do for the ultra-rich.-
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Georgia5010 months ago
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I have to admit that I have no intelligible argument for anyone who thinks the stimulus package is about mere pennies and dollars any more than I care to argue with someone who thinks there's an economic plus-side to giving millions to Acorn, PP, and the UAW.
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SFCGuyW10 months ago
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Of course he broke the debt record. One second after becoming President that record was broken because government pay and expenses and services continue each day and that creates debt. Bush left office with having created the most massive debt in history of the USA govt. and it is rediculous to blame Obama for that debt still building when he's only been in office for one month. Before leaving office Bush publically stated that some kind of stimulous package must be passed to try to save our economy, but he said there was not enough time for him to get one passed so he was leaving it to Obama to handle. Bush created this problem and now Obama has to try to repair it and it is rediculous for anyone, even the Rush Limbaughs & his ilk, of the world to condemn him without giving him the time needed to correct what it took 8 yrs to destroy.
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