Spend , Spend, Spend, the stimulus is about spending!

 

President Obama says the Stimulus is about spending.

There are numerous articles on the breakdown of the Stimulus package detailing the amounts of dollars given to each group. 

Ideas change from spending to tax cuts.  In a speech at George Mason University on Thursday, President Obama summed it up  “There is no doubt that the cost of this plan will be considerable. It will certainly add to the budget deficit in the short term. But equally certain are the consequences of doing too little or nothing at all.”  

On Saturday in his weekly radio and Internet address, Obama said. “Americans across this country are struggling, and they are watching to see if we’re equal to the task before us. Let’s show them that we are. And let’s do whatever it takes to keep the promise of America alive in our time,” 

One department that has doesn’t care whether the Democrats or Republicans are in leadership,  is the Congressional Budget Office. (CBO) They report that only $26 billion of the stimulus is going to be spent this year, another $110 billion will be spent next year. That means that only 16% of the budget has been spent.

The Stimulus was supposed to be a jolt to the economy,   like a “crash cart” in an ER room – lets charge the paddles and  power the economy into a restart, not a trickle down effect.  

An interesting fact was brought up by Sen. John Thune of South Dakota. “We borrowed $800 billion dollars between the Revolutionary War and the presidency of Jimmy Carter and we are going to borrow that amount in one fell swoop.”

Changeover to Digital TV and Converter boxes.
Will this create new spending? Is the point of the new $650 million for converter boxes to provide a shot in the arm for converter box makers? I am sure that this is one industry that everyone is worried about, right?  Wouldn’t  the workers prefer to have the $50 go towards possibly upgrading their Tv sets? instead of leaving people with the idea that the old is the way forward.

Clean Energy.
As part of the creation of clean energy we should be investing in Solar, Wind and Nuclear power, but when only 2% is earmarked and only 1/7th of 2% is going to be spent over 2 years it doesn’t seem  like any stimulus.  But wait,  lets make sure we buy the government new cars and new computers immediately as that will be an immediate boost – not to America but to foreign economy in the area of “imports”.

Originally born in England, this economic change looks to be about moving jobs into certain areas than free enterprise and financial growth and is more of a resemblance to being a socialist state than democratic. This will be an interesting year!

Stimulus, yes we know about it, where is it?

 

stimulus, www.resourcema.com

Stimulus - where is it?

The Senate is set to take up the debate on the plan today and Republicans insist it won’t go through in its current form. 

“It’ll need to change if it’ll do any good. I mean, things like $150 million honey bee insurance and $650 million to buy government employees cars is not what the American public had in mind,” McConnell said on CBS’ “Face the Nation.” 

 

Guess what  – we didn’t think the “stimulus plan”  was about buying Government employees cars either.  Lets see, most of the banks that are in trouble are in that dilemma because of the housing market and foreclosures, etc.  Wasn’t the idea to bail them out so that the homeowners could get relief too. Now we have everybody and their dog jumping on the bandwagon of government money for stimulus. Even the porn industry went cap in hand for their share.

There are still lots of banks in trouble, thousands of people losing their homes everyday, but I am glad to see that important things like $650 million worth of government cars is high on the stimulus list. Oh that is very important to the economy.

I said to my friend and colleague Angela Stevens at radio station WGTS in DC that we will soon see the true value of President Obama’s plans when we see what “bills” he signs within the first few weeks of office.  Lets see how many stimulus bills are actually doing some good today…wait a minute my Mac is working on all the search engines……still waiting.

Ok,  times up results = None. #Fail.

 

Fortunately there are people who are interested in helping people stay in their homes, there are people who are moving forward and sharing their knowledge and showing people what to do practically to not only stay alive in the economy but be able to make money.  ISn’t that what stimulus is about moving forward, making money, making the economy better for everyone.    Jeff Kaller , James Smith,  etc,  my friends you have my vote!