Friday, February 8, 2008

ok, they've gone and done it now...

The Senate backed off its earlier attempt to add more money to the stimulus bill, passed a bill and sent it back to the House where it was approved as well. As a result, the checks will start rolling out-- and the debt will start rolling up-- by mid-May.

The fiscal policy is an attempt to fix a recession that may not exist-- and even if it does, will likely be over by the time the monies flow. It increases the debt and makes the reduction of marginal tax rates less likely. Sadly, the vote-buying was quite bi-partisan-- hopefully, the last gasp of a pathetic approach to politics, but for now, more evidence of the intellectual and/or spiritual bankruptcy reigning within both major political parties. Less hopefully, Americans will fall for the scam and encourage more of the same.

Quotes from three of the culprits...

Mitch McConnell: "This is the Senate at its finest, recognizing this was an opportunity to demonstrate to the public that we could come together, do something important for the country and do it quickly." "We were able to put aside our differences not only in the Senate but with our colleagues in the House and with the administration."

Harry Reid: "It's tremendous what we've been able to accomplish."

George Bush: the amended plan "is robust, broad-based, timely, and it will be effective. This bill will help to stimulate consumer spending and accelerate needed business investment."


At February 9, 2008 at 9:26 AM , Blogger Bryce Raley said...

The whole thing is knew jerk.

I'm with you Eric, I'm still waiting for the actual recession.

Isn't it a decline in GDP for two or more consecutive quarters.

Aren't we still waiting for the first quarter.

Mitch is becoming a bit embarassing to the commonwealth.

I wonder what Best Buy and Game Stop will do with all the money spent there after people get their checks.

At February 9, 2008 at 3:34 PM , Blogger Bryce Raley said...

I'm not sure how this isn't pure conservatism. It's the CPAC speech.

When this election is all said and done one of two things will happen:

Either I was duped and believed in a man's words and his actions didn't follow, or the American people were duped by the establishment conservatives who didn't want a true evangelical in power.

I believe the latter, and I believe the senators, writers and talk show hosts got together in their Washington, Manhatten bars over a couple drinks and said we don't want this guy and we can't have this guy. They got the word out and the American people believed the propaganda.

People are starting to realize it now. I'm getting emails and phone calls. Evangelicals even, are saying I didn't realize he was our guy.

He was a conservative....
after all.


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