Comments on: Vote Now, Read Later: Democrats Plan a Bush-Like Push on Economic Stimulus Legislation

By: puzzling

puzzling — Sun, 04 Jan 2009 15:41:17 +0000

Who will loan us another trillion dollars, on top of the trillions we need to refinance in 2009?

Will China do this? They are writing their own stimulus package, and may need to sell US debt securities in order to pay for it, not buy more.

Will Japan do this? They are once again attempting a repeat of the same stimulus approaches begun back in the 1990’s.

Will Saudi Arabia or other petro-states lend it when oil has fallen by 70%?

None of the above.

To make matters worse, much of this trillion will be spent with all the discretion of a crack addict desperately looking for one more hit. Very little of it will actually go for infrastructure that might have some productivity return to the public over time. This is going to be filled with pet projects for favored legislators “won” by well-connected contractors.

If self-destructing stimulus was all we needed here, why not just have Obama expand the war further into Afghanistan, Iran, and Pakistan? Perhaps that will be Stimulus II?

By: rcampbell

rcampbell — Sun, 04 Jan 2009 14:16:37 +0000

>”…on the desk of President Obama by January 20th.”

jonalon appears to have done version of this same concept. His post is apparently of the Limbaugh/O’Reilly?Hannity variety: “run-at-the- mouth first, think or read later”. Sorry, jonolan, but there’s no mention of putting this legislation in front of Bush. Bush is so far beyond even being irrelevent that he’s almost to the point of being ignobly ignored—and rightfully so.

By: jonolan

jonolan — Sun, 04 Jan 2009 13:41:59 +0000

Of course – they’re planning for the next elections. By pushing this crap through on Bush’s watch they can – if Bush vetoes it – blame him for it not passing, or if he doesn’t and it’s a failure, blame him for it since it was “on his watch.” If it passes and is successful, they’ll make sure to play up the idea that it was Obama’s plan.