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Spend. Spend. Spend.


This is change? This is hope?

This is not being afraid of "listening to new ideas, take(ing) chances." as Senator Inouye said today in Senate deliberations about the Obama/Pelosi/Reid "Gang of Three Pork-a-thon"?

All we heard from Senate Democrats today was about spending. Spending on educating, welfare, health care, the nebulous "infrastructure", Medicaid funding, disabled people, Head Start, Pell grants, unemployment extensions.

All worthy things taken by themselves, but, not ONE will help to stimulate the economy.

It is time to bury out-dated Keynesian economics forever.

The experiment of spending your way out of a recession with money we don't have has time and again succeeded to fail, and this immoral, $825 billion spending package will be no exception.

We need deep tax cuts, across the board, to stimulate his economy and shock it back to life. Corporate, personal, and property taxes need to be cut by double-digit percentage points of what they are now.

It is proven, time and again, that tax cuts have the effect of stimulating the economy. Imagine the effect substantial corporate tax cuts would have on Wall Street, where millions of Americans have their fortunes invested. This could be the grandest stage on which to prove the effectiveness of tax cuts, generating huge amounts of income, increasing consumer confidence, and creating jobs at a rate never before seen. And it would start within days of passage.

This bill, as is, gooped up with economy-clogging pork spending will haunt us for years to come. Spending money we don't have on projects which don't help, all the while paying interest on it, makes one pine for the seemingly fiscally responsible days of the Bush Administration. Who wouldn't love to have a deficit of only $400 billion instead of over $2 trillion? The Democrats are willing to destroy the free market economy in order to enact proposals that will cement their power, creating a leftist regime which will drive this country to bankruptcy.

This week has not been a good showing for Obama and Democrats. They look like drunken sailors on steroids, but we're the dopes who will have to pay the piper.

Obama sounds as if he doesn't realize he's won the election. Every camera shot he talks of "hurting families" and "losing jobs" like he's on a stump speech in Pennsylvania.

Got news for ya, Barry: No Sh*t!

Stop screwing around. Create a plan which cuts taxes and addresses current emergency spending needs, and you might just succeed.

Go down this road, and, if you haven't destroyed the country yet, you'll have another Republican Revolution on your hands in 2010.


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Comments (17)

You cannot pay back the peo... (Below threshold)
Zelsdorf Ragshaft III:

You cannot pay back the people who helped you win the election if you do that. For Obama to enrich those who helped him (look at his history as a legislator in both Illinois and the U.S Senate. Donations large and small have been rewarded with vast amounts of cash. The Obamas have been particularly generous to themselves. An overheated White House and $100 a pound steak for his party guests at our expense. I am waiting for B. Hussein to call for sacrifice on our part.

Yeah, Obama is no saint. H... (Below threshold)

Yeah, Obama is no saint. He asks for the American people to live a life that he himself sees as something he is too privileged for. Sacrifice, what garbage on his part. If he wants America to sacrifice then he must as well. Pathetic!

"The Democrats are willi... (Below threshold)

"The Democrats are willing to destroy the free market economy in order to enact proposals that will cement their power, creating a leftist regime which will drive this country to bankruptcy.

Well, duh. That's nothing new. The Dems have been trying this one for years. Looks like they might make it this time.

Spending your way to prospe... (Below threshold)

Spending your way to prosperity is like lifting yourself up in a bucket. Obama refuses to understand that. Despite the fact that scholars have demonstrated that FDR's policies extended the duration of the Great Depression by seven years, he is determined to repeat FDR's mistakes.
http://tinyurl.com/c6p9pn

Tax cuts will have much le... (Below threshold)
Smiles:

Tax cuts will have much less of a stimulus affect during a recession. A stimulous is only obtained if the tax-cut is spent rather than saved.

During a recession people and businesses increase there savings. Giving a tax cut during a time when people are afraid to spend means there would be very little stimulous.

Instead the focus should be on spending in areas that will have a direct stimulous. Construction jobs is an ideal example. If $100 million dollars was spend on construction than virtually all $100 million dollars go into the economy and it would generates jobs. Of course construction is not the sole response needed.

Democrats need to drop the pork. Republicans and democrats need to come up with better ideas.

If they want to spend $800 ... (Below threshold)
retired military:

If they want to spend $800 billion then let it all be on nuclear power plants. It would actually do some good then.

What a perfect time to dril... (Below threshold)
apb:

What a perfect time to drill. Think of increasing oil supply, then building the additional refineries to increase our supply in the US - plenty of trades would get work, and we'd wean ourselves from the terrorist teat.

Of course, nuke power is vital to a cleaner 'green' energy environment. If we don't use the opportunity now, future generations would be asking 'WTF?' as they pay tons of interest on the current 'douche-a-palooza' with no payback (well, except if you consider a huge increase is stupid, DMV-quality gummint employees a good payback).

Tax cuts will have much ... (Below threshold)
James Cloninger:

Tax cuts will have much less of a stimulus affect during a recession. A stimulus is only obtained if the tax-cut is spent rather than saved.

Which is the point. Tax-cuts to companies/employers allow them to invest that extra money into their infrastructure, hiring new people, pay raises, etc. This in turn, allows new spending by those who support said companies. Investment allows expansion of said companies, companies prosper, increase their revenues, which bring in more tax dollars to the government coffers.

Raising taxes do exactly the opposite. Companies don't invest, put in money to infrastructure. They hold on to the little they have (saving it), they don't hire new workers, they freeze pay or cut pay/jobs. Less money into the supporting economies, less revenue, less tax money to the government coffers.

If they want to spend $8... (Below threshold)
James Cloninger:

If they want to spend $800 billion then let it all be on nuclear power plants. It would actually do some good then.

Hell, we are sitting on the Saudi Arabia of coal RIGHT NOW. We have the technology for clean coal production. We could produce more than enough energy with new coal-burning power plants, and coal-to-fuel refineries.

Of course, the O would rather put our coal industries into bankrupcy...he said so himself.

http://hotair.com/archives/2008/11/03/video-of-obama-coal-bankruptcy/

He might wind up with more ... (Below threshold)
wolfwalker:

He might wind up with more than just a "Republican" revolution on his hands. He might get a real one. This resolution is a joke as things stand now, but give it two years of economic chaos and it might not be anymore.

It's amazing when so many g... (Below threshold)
MPR:

It's amazing when so many good ideas to start the economy going(all the above) and Obamalala will do none of them.

We don't even need 800b in ... (Below threshold)
SillyPuddy:

We don't even need 800b in nuclear reactors, haha, but your right at least it would be something lasting. If I had to pick 3 things for congress to do if they really feel they need to 'do' something, cut corporate rate from 35 to 20%, announce other existing tax rates (cough bush tax cuts cough) frozen for in place for 5 years, and approve the already pending 20 or so proposals for nuke plants (costs almost nothing) & perhaps fund a few more in partnership with private industry and open up drilling, sit back and re-evaluate after summer. Ok maybe that's four or five. Doing this would provide some certainty in tax laws for a few years, as well as allow the energy industry to prepare for expansion. This rush to do too much, too quickly, is going to make things worse. Leave the rest of this other pork to be fought out in the yearly budget processes where it has more of chance of actually being evaluated.

What not to do - Increase the baseline budget by at least $500 billion cause "we've gotta do something now!!!", good god and stop bailing out failing companies.

Not gonna happen though, the piggies are hungry and they are all gathered at the trough.

"We need deep tax cuts, acr... (Below threshold)
Herman:

"We need deep tax cuts, across the board, to stimulate his economy and shock it back to life. Corporate, personal, and property taxes need to be cut by double-digit percentage points of what they are now." -- Shawn

One solution with you conservatives -- ALWAYS ONE FREAKIN' SOLUTION:

Economy is doing well, and the government is inching toward federal surplus -- what to do? TAX CUTS

Economy is doing poorly, the country is in a recession -- what to do? TAX CUTS

Never mind that the stupid tax cuts or rebates might well be spent at the WalMart on unneeded junk direct from China. In the conservative mind, this is more important than infusing money into the economy through road and bridge repair, student financial aid, bicycle lane construction, etc., etc.

Question for you conservatives: is there ever any time to increase the tax rate? Before you quickly answer "No!" just think first and recall that even St. Ronnie increased taxes at certain points.

Herman,Democrats pro... (Below threshold)
MPR:

Herman,
Democrats promised Ronaldus Magnus two dollars of spending cuts for every one dollar tax increase. His only fault was taking them at their word.

...even St. Ronnie... (Below threshold)
Snapdragon:
...even St. Ronnie increased taxes at certain points.

Herman, this is what the far far right have long since forgotten. Reagan's tax policy was a great deal more nuanced than current history suggests. Unfortunately, Bush was as poor a student of economics as he was everything else, so his approach was the Cliff-notes version of taxes.

Nice to finally have a smart person in the White House now.

Herman:Question f... (Below threshold)
_Mike_:

Herman:
Question for you conservatives: is there ever any time to increase the tax rate? Before you quickly answer "No!" just think first and recall that even St. Ronnie increased taxes at certain points.

Unsurprisingly, you're confusing the people with the issues. So to answer your question - no.

This recession is a reactio... (Below threshold)
boqueronman:

This recession is a reaction to inflated asset values built on unsustainable debt levels. The U.S. has never had this level of household, business, and public sector debt at the same time. What is happening is an unwinding of household and business, largely financial sector, debt dragging down the macro-economic indicators. This process must be completed, as painful as may be in the short term. It's called regession to the mean.

The public sector has done nothing, repeat nothing, to address its unsustainable - if you want a healthy economy - levels of local, state and federal debt and unfunded liabilities. If they don't get busy, the outlook is bleak, especially in the next decade, when the entitlement chicken will come home to roost. The Dems obviously are interested only in feathering their own nest. Borrow and spend to solve a borrowing and spending problem? Ha. But, I still can't get my head around the Repubs response, which involves growing the USG deficit, just via tax cuts.

In the end proper USG policy will have to focus primarily on thorough-going regulatory reform and tax simplification and equity. After all, most of the ideas regarding domestic energy expansion, for example, involve freeing up industry to do what they do - invest and produce - not spending more taxpayer money. In fact, the leasing fees could contribute mightily to reducing overall public sector debt.




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