The New Bailout

[tw]

Originally Posted by TheMercenary

So you completely accept that the double standards being displayed are status quo and will be the SOP for the next 4 years or more, and that Obama, Pelosi, and Reid lied about any kind of bipartisan solutions.

None of that is true. What is true is your posts read like Rush Limbaugh wrote them. That means little is true and the wacko extremists are in a tizzy trying to blame anyone else for creating our disastrous economy - by spending because "Reagan proved that deficits don't matter". A direct quote from a wacko extremists who spend money as if is were free and expendable.

Three 747s packed nose to tail with pallets of 100 dollar bills flown into Iraq and distributed without any accounting. That is fiscal responsibility from the same Republicans who fear to spend on Americans - and then blame Obama.

No wonder wacko ring wing extremists are so hysterical. They must get us to forget who spend money on things that only create recessions and routinely subverted things that made America productive. "Mission Accomplished".

Always hype hysteria first to blame someone else for American losing jobs. A Rush Limbaugh technique right out of Hitler's playbook. Incite hate in society's least intelligent members.

[tw]

Spending cut where needed and that so anger extremist Republicans. From the Washingont Post of 13 Feb 2009:

The bill, which President Barack Obama is expected to sign into law Monday, limits bonuses of executives at all financial institutions receiving government funds to no more than a third of their total annual compensation. The bonuses must be paid in company stock that can only be redeemed once the government investment has been repaid.

Finally spending cuts are implemented where most needed.

Extremists Republicans enriched themselves and their supporters while reducing American incomes by 2%. Time to cut costs where Republicans don't want spending cuts.

[classicman]

Originally Posted by tw

Spending cut where needed and that so anger extremist Republicans. From the Washingont Post of 13 Feb 2009: Finally spending cuts are implemented where most needed.

Extremists Republicans enriched themselves and their supporters while reducing American incomes by 2%. Time to cut costs where Republicans don't want spending cuts.

There are apparently a million holes in that bill.

[TGRR]

Originally Posted by TheMercenary

So you completely accept that the double standards being displayed are status quo and will be the SOP for the next 4 years or more, and that Obama, Pelosi, and Reid lied about any kind of bipartisan solutions. Thanks at least for your honesty in the matter.

I just want to see the GOP spanked for a few years, out of general mean-ness and misanthropy.

[Shawnee123]

Merc and his buddies can take solace in the fact that if this doesn't work, they can tell everyone else in the bread line "I told you so."

A charming victory for the most patriotic among us.

[tw]

After reading the last 100 TheMercenary posts, obvious is that Democrats are finally doing everything right. Don Quixote is now so desperate as to even attack windmills - daily.

First the wackos spent like drunken sailors so as to destroy the American economy. "Reagan proved that deficits don't matter." Isn't reality a bitch?

Now that stimulus money must target real problems, these same hateful Republican want to stifle all spending and create even more economic destruction using tax cuts. Anything to enrich the rich. Extremists are even attacking windmills.

Good to see that government is finally doing something right. So much hysteria posted by TheMercenary who is routinely quoting Rush Limbaugh. Hysteriacal anti-Americans love the destruction they reaped on America. Anything that might destroy their precious recession must be stopped.

[Shawnee123]

Originally Posted by tw

After reading the last 100 TheMercenary posts, obvious is that Democrats are finally doing everything right. Don Quixote is now so desperate as to even attack windmills - daily.

First the wackos spent like drunken sailors so as to destroy the American economy. "Reagan proved that deficits don't matter." Isn't reality a bitch?

Now that stimulus money must target real problems, these same hateful Republican want to stifle all spending and create even more economic destruction using tax cuts. Anything to enrich the rich. Extremists are even attacking windmills.

Good to see that government is finally doing something right. So much hysteria posted by TheMercenary who is routinely quoting Rush Limbaugh. Hysteriacal anti-Americans love the destruction they reaped on America. Anything that might destroy their precious recession must be stopped.

One of my favorite posts ever.

[TheMercenary]

Originally Posted by Shawnee123

One of my favorite posts ever.

Negro, stop. I can't even read his shit.

[wolf]

Could we please have a moment of silence to mourn the death of the Republic of the United States of America?

[TGRR]

Originally Posted by wolf

Could we please have a moment of silence to mourn the death of the Republic of the United States of America?

A little late, aren't you?

[wolf]

Usually, yes.

[TheMercenary]

I will never let that pass, it will now be Obama's fault and Pelosi and Reid. They own everything that happens or fails to happen for the next 4 years.

[TheMercenary]

Democrats muscle huge stimulus through Congress

WASHINGTON (AP) - In a major victory for President Barack Obama, Democrats muscled a huge, $787 billion stimulus bill through Congress late Friday night in hopes of combating the worst economic crisis since the Great Depression. Republican opposition was nearly unanimous.

After lobbying energetically for the bill, Obama is expected to sign it within a few days, less than a month after taking office.

Supporters said the legislation would save or create 3.5 million jobs. House Majority Leader Steny Hoyer, D-Md., conceded there was no guarantee, but he said that "millions and millions and millions of people will be helped, as they have lost their jobs and can't put food on the table of their families."

Vigorously disagreeing, House Republican leader John Boehner of Ohio dumped a copy of the 1,071-page bill to the floor in a gesture of contempt. "The bill that was about jobs, jobs, jobs has turned into a bill that's about spending, spending, spending," he said.

The Senate approved the measure 60-38 with three GOP moderates providing crucial support - the only members of their party to back it. Democratic Sen. Sherrod Brown of Ohio cast the decisive vote after flying aboard a government plane from Ohio, where he was mourning his mother's death.

Hours earlier, the House vote was 246-183, with all Republicans opposed to the package of tax cuts and federal spending that Obama has made the centerpiece of his plan for economic recovery.

The legislation, among the costliest ever considered in Congress, provides billions of dollars to aid victims of the recession through unemployment benefits, food stamps, medical care, job retraining and more. Tens of billions are ticketed for the states to offset cuts they might otherwise have to make in aid to schools and local governments, and there is more than $48 billion for transportation projects such as road and bridge construction, mass transit and high-speed rail.

Democrats said the bill's tax cuts would help 95 percent of all Americans, much of the relief in the form of a break of $400 for individuals and $800 for couples. At the insistence of the White House, people who do not earn enough money to owe income taxes are eligible, an attempt to offset the payroll taxes they pay.

In a bow to political reality, lawmakers included $70 billion to shelter upper middle-class and wealthier taxpayers from an income tax increase that would otherwise hit them, a provision that the nonpartisan Congressional Budget Office said would do relatively little to create jobs.

Also included were funds for two of Obama's initiatives, the expansion of computerized information technology in the health care industry and billions to create so-called green jobs the administration says will begin reducing the country's dependence on foreign oil.

Asked for his reaction to House passage of the bill, Obama said "thumbs up" and indeed gave a thumbs-up sign as he left the White House with his family for a long weekend in Chicago.

There was little or no suspense about the outcome, although the final act played out over hours and extended late into the night.

That was to allow time for Brown to fly back. He cast his vote more than five hours after most senators had left the Capitol for a 10-day vacation, one of the longest roll calls in Senate history.

Congress cast its votes as federal regulators announced the closing of the Sherman County Bank in Loup City, Neb.; Riverside Bank of the Gulf Coast in Florida, based in Cape Coral; Corn Belt Bank and Trust Co. of Pittsfield, Ill.; and Pinnacle Bank of Beaverton, Ore. They raised to 13 the number of failures this year of federally insured banking companies and were the latest reminders of the toll taken by recession and frozen credit markets.

The day's events at the Capitol were scripted to allow Democratic leaders to fulfill their pledge to send Obama legislation by mid-February.

"Barack Obama, in just a few short weeks as president, has passed one of the biggest packages for economic recovery in our nation's history," said House Speaker Nancy Pelosi, anticipating final Senate passage.

The approval also capped an early period of accomplishment for the Democrats, who won control of the White House and expanded their majorities in Congress in last fall's elections.

Since taking office on Jan. 20, the president has signed legislation extending government-financed health care to millions of lower-income children who lack it, a bill that President George W. Bush twice vetoed. He also has placed his signature on a measure making it easier for workers to sue their employers for alleged job discrimination, effectively overturning a ruling by the Supreme Court's conservative majority.

Obama made the stimulus a cornerstone of his economic recovery plan even before he took office, but his calls for bipartisanship were an early casualty.

Republicans complained they had been locked out of the early decisions, and Democrats countered that Boehner had tried to rally opposition even before the president met privately with the GOP rank and file.

In retrospect, said White House chief of staff Rahm Emanuel, the White House wasn't "sharp enough" in emphasizing the benefits of the bill as Republicans began to criticize spending on items such as family planning services, anti-smoking programs and reseeding the National Mall.

Senate Majority Leader Harry Reid faced a different task - finding enough GOP moderates to give him the 60 votes needed to surmount a variety of procedural hurdles. To do that, he and the White House agreed to trim billions in spending from the original $820 billion House-passed bill, enough to obtain the backing of GOP Sens. Olympia Snowe and Susan Collins of Maine and Arlen Specter of Pennsylvania.

As the final compromise took shape in a frenzied round of bargaining earlier this week, it was trimmed again to hold the support of the moderates, whose opposition to a new program for federal school construction caused anger among House Democrats.

In the end, a compromise was reached that allows states to use funds for modernizing schools. But in a display of displeasure, Pelosi decided to skip the news conference last Wednesday where Reid announced a final agreement.

In addition to tax relief for individuals and businesses who purchase new equipment, lawmakers inserted breaks for first-time homebuyers and consumers purchasing new cars in an attempt to aid two industries particularly hard-hit by the recession. In response to pressure from lawmakers from Pennsylvania, Indiana and elsewhere, the bill was altered at the last minute to permit the buyers of recreational vehicles and motorcycles to claim the same break as those buying cars and light trucks.

In the House, all 246 votes in favor were cast by Democrats. Seven Democrats joined 176 Republicans in opposition.

[xoxoxoBruce]

Originally Posted by TheMercenary

He cast his vote more than five hours after most senators had left the Capitol for a 10-day vacation, one of the longest roll calls in Senate history.

10 day vacation? What have these fuckers done to deserve a 10 day vacation?

[Happy Monkey]

Originally Posted by xoxoxoBruce

10 day vacation? What have these fuckers done to deserve a 10 day vacation?

"Vacation" means "going back to their respective states to work", usually.