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Stimulus Deal Within Reach -- But When's the Vote?

The group of centrist senators who have worked for days on a package of proposed cuts to the stimulus bill just finished pitching their final product to the Democratic caucus -- and after a day of pessimistic signals, reports indicate that a roughly $140 billion package of trimmed tax cuts and spending has been okayed by the Democratic caucus.

The Senate is slated to return to floor action tonight, though the time frame for a vote on the slimmer stimulus remains very up in the air. A spokesman for Sen. Ben Nelson (D-NE), who has led the centrist talks alongside Sen. Susan Collins (R-ME), offered two words of caution when asked about a deal: "Not yet."

Remember, though, that unanimous consent is necessary to get anything done in the Senate, so Republican leaders would have to sign off before the economic recovery plan could come to a final vote. GOPers have adopted a slightly fatalist approach to the stimulus debate from the beginning -- as one conservative sighed last night, ultimate passage is "pretty much a foregone conclusion" -- but that doesn't meant that Republicans wouldn't try to slow things down tonight if they see a political upside.


120 Comments

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Who gets the axe?

Is the NSF funding in that $140 billion of cuts?

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unanimous consent is necessary to get anything done in the Senate

Since when?

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Since the Wahmocrats took over.

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She's right. The Senate moves by unanimous consent but inverse is not true ie it doesn't stop without it either

That's why God invented cloture motions which for the past 10 or so years have been pretty much routinely filed because one asswipe or other objects so it isn't correct to say that Senate Republican leadership would have to sign off on the deal, only that they'd allow final passage without a cloture motion.

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Total Reductions: $80 billion

Eliminations:

Head Start, Education for the Disadvantaged, School improvement, Child Nutrition, Firefighters, Transportation Security Administration, Coast Guard, Prisons, COPS Hiring, Violence Against Women, NASA, NSF, Western Area Power Administration, CDC, Food Stamps

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Reductions:

Public Transit $3.4 billion, School Construction $60 billion

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Increases:

Defense operations and procurement, STAG Grants, Brownfields, Additional transportation funding

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I can't believe this. I want to cry right now.

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Reductions:

Public Transit $3.4 billion, School Construction $60 billion

???

WTF. Are these people idiots or what?

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Duh... if you build schools, then kids can't be put to work! The only way we can compete with China is to repeal child labor laws! DON'T YOU UNDERSTAND THERE IS A WAGE GAP!

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Um, yes?

Duh.

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So this indicates that 60 billion involves tax cuts that were removed, yes? If so, which ones and the what extent?

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I think my head is going to explode. I can't believe I'm losing sleep over a bill.

(On second thought, maybe it's the coffee. But still, I can't wait for this danged bill to pass.)

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I know. I've been unhealthily preoccupied with the details of this as well, and TPM has been enabling my obsession.

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I am too! It's kind of neat. (In a weird obsessive way).

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I'm more interested in what is included in the $780 billion still in and how it differs from the House bill. i.e., what is ultimately going to be funded in this.

I'm sure many of the projects ejected from this stimulus package will get reconsidered elsewhere. This isn't the only time the federal govenment will do a budgeting process.

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It isn't the only time we'll have the Blue Dogs making the deal. Can we replace Reid with Bernie Sanders, please! Americans gave Democrats a mandate but they couldn't give them a spine.

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Somebody. I don't know. But yes, SPINE please. How nice exactly are we supposedly now?

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There ya go

Many in the caucus no doubt "supported" the cuts realizing that many will be added back in conference

I hope

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I pray the food stamps are put back in during conference along with other low income cuts. Otherwise, we royally screwed and the anger will only build.

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To a degree, we shouldn't get too worked up about what's being cut. The Budget Reconcilliation will be coming up, and there's little doubt that the Dems and Obama Admin is going to cram that bill full of them.

The Dems have a large enough majority in Congress to likely get almost all of that through even if there's a chunk of the Bull Dogs who revolt. In turn, Budget Reconcilliation takes the 60 out of play:

http://www.rules.house.gov/archives/bud_rec_proc.htm

By that time we probably will have Al, and even if a few people like Lieb bail, we'll still have 51+.

John

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For example, here are Education items pushed through reconciliation:

http://www.newamerica.net/programs/education_policy/federal_education_budget_project/basics/reconciliation

So don't get too bent that this isn't quite big enough.

What we need to start hammering people like Summers on is to load up the Budget process with all the *other* stuff we need.


John

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MY THOUGHTS EXACTLY! Good strategy on the part of Obama and the Dems to put those items in this current bill, so they can "lose" them as a sop to the Repuds, without REALLY losing them.

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I expect some of this stuff to get put back in during the conference committee process, as well.

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I suspect they are going to be *extremely* careful on what they put back in conference. They don't want to lose Collins, Snowe and Specter for future votes by appearing to double cross them. Think Health Care. I don't think Specter wants to be on the wrong side of Health Care for his 2010 re-election.

It's *possible* that they're setting up Nancy to play Bad Cop front person to get some of the critical items back in. But the $$$ difference between the House and Senate packages are very close: $819B to $780B/$790B.

Instead, they're going likely going to push hard in the budget process.

We've got to pray that Summers doesn't torpedo it since he dominates the Admin on the Economy. Perhaps so much of his bullshit will be proven wrong between now and then that it will allow other voices to be heard.

John

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I hope you are right. Because food stamps LITERALLY have more bang for the buck than infrastructure and tax cuts. It being removed, along with education is a serious discouragement.

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I've seen the same data you base that on, and I totally agree. I think come budget time (and the next several budgets), there are going to be scores of people in need. Mondern soup lines: massive increases in applications for food stamps.

Since it's such a great bang-for-the-buck thing, and a way to directly help reach potential voters ;) , you will see those get passed.

John

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God I hope you are right.

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This stuff will come back. Don't sweat it. Big picture. It's only been two 1/2 weeks!

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Dems accept, said it will pass and Ted will vote.

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All I can say is as bad as Collins and Nelson are, I'm glad it wasn't Joementum-Collins or Joementum-Nelson... Or Joementum-Anyone.

I'm hoping they managed to keep the $6B for greening federal buildings. And the food stamps. And mass transit. Pretty unbelievable that we even have to talk about cutting these things. Unreal. These are the things that, if we had actually done them last 8 years, we would, ya know, have an economy.

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Harry was just putting over Joementum as being one of the Gang of 4 to get this passed.

John

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So COBRA is still in?

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Obama needs to reassure the working poor and the low income. I'm a mix of irate and saddened over this. Please tell me you have our backs, Mr. President.

Otherwise, I'm afraid it's class warfare. As it stands, that's what this bill looks like. Unfortunately, it's pitting the middle and upper class against the low income folks. A damn tragedy that should've never happened.

My nightmares have been realized.

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Oh sweet jesus. This is close to the target Obama originally proposed ($775b). It got inflated in the House, and inflated again in the Senate; these cuts take it back toward the original target.

I'd like the bigger bill, but with due respect, you may need to back up a little and get some perspective.

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Look at the cuts- almost everything for low income was stripped. I feel shat upon.

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Obama set a floor of $800 Million when he sent his draft of the stimulus to the House

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So we're rocking.

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Krugman uses a good metaphor. Building a bridge that goes half way across.

This package should have been all stimulus. Meaning all spending. It should have been targeted at building a 21st century economy. Infrastructure, virtual and physical. Power grid. Hospitals. Schools. Roads and bridges. Everything. Green transportation. Now is the time to do it. We may never get the same change again.

And it was killed by the idea of "bipartisanship".

Obama should have made his case, and made everyone come to him. If they didnt want to jump on that train, they would be left behind. Right wingers should understand that concept.

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That Krugman clip on Morning Joe was the best (only) good thing I've seen on television for a while

http://www.msnbc.msn.com/id/3036789/#29051511

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The centrists got us into Iraq. The centrists enabled the Wall Street catastrophe. The centrists will not get us out of the Republican-Blue Dog Depression.

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It is scary, the way you put it.

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I hope there will be more legislation, and that this is just an opening salvo - that is, an emergency spending bill to inject demand into the economy.

To come should be:
Healthcare Insurance Reform Legislation
Banking regulations and Credit Legislation
New SEC regulations and International Securities Regulations.
Business Organization Legislation

"Building a 21st Century Economy" legislation
"Building a 21st Century Education System" Legislation
"Building a 21st Century Transportation System and Strategic Energy Adjustment" Legislation

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I'm glad you said Healthcare Insurance Reform and not universal healthcare. What we'll get is a bill to "reform" healthcare insurance so it shovels welfare to all those insurance companies Joementum and his "centrist" pals find so essential to the fullness of their pockets. Healthcare we will not get.

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Obama can't do anything right according to Krugman. Maybe he should run for elected office instead of lobbing grenades from the outside at every turn.

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...that's Krugman's job. He's a gadfly and a well respected one at that. I like him right were he is.

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Somebody has to lob grenades from the outside. The inside is paralyzed with groupthink. How do you think we got in this mess?

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Krugman is a clinton fan and that is all. He wants to continue lobbing bullshit because he is pissed that obama won. Also, he wants to be in the I told you so business and say eventually, gee, we should have reelected the clintons. Take him with a grain of salt.

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OK, I've been beside myself for the past day and a half, and all of this is about as bad as all that, but here's how I'm going to get through the weekend:

On Monday the Prez will begin a road trip to sell the package;

He'll then hold a nationally televised news conference on Monday to explain to all of us what's going on;

This will create public support for restoring many of the most disturbing cuts made today;

And by the time it goes back for a vote, constituents will be crying out to their legislators to pass it.

If I can just keep that in mind, I might just get some sleep between now and next week. I think I'll take my modem over to my neighbor's place and ask him to hold it hostage for me for a few days.

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Gawd, Benedict Arnold Nelson just thanked Benedict Arnold Lieberman. We are screwed.

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You're taking kind of a glass-is-completely-empty view, eh? Take a deep breath or two and see tosh's comments above for some useful perspective.

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The glass is completely empty. We just elected Joe Lieberman and his gang President. We have only just begun to surrender. Wait till we get to "defense", i.e., war.

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I know! It's terrible! Especially when you compare this to the smooth, policy-driven, consistently progressive, no compromises legislative process we used to have back . . .

back when . . .

uh, actually when did we ever have a progressive, no compromises legislative process? I'm sure we did, but for some reason I can't remember it . . .

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Ever heard of LBJ?

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Do you mean LBJ in the Senate or LJ in the White House. Well, either way that seems to be the last time we had a Dem running things that knew how to get what he really wanted. Harry Reid is an embarassment.

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Both. Of course he screwed up on Vietnam but at least he had the grace to honorably bow out after he did. Accountability has not been seen in either party since.

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The Senate is basically moderate Republican on fiscal issues given the Blue Dogs.

I don't remember Snowe and Collins ever offering anything up when Bush was in Office. The Dems always got trounced in their "Gang of X" deals.

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Well, the dems could say they have the votes and let the gop filibuster all weekend but they will not.

It is halftime after this vote. They go to a Senate House conference and may get some cuts back then vote in the House and Senate again.

Finally, the President signs it.

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Yep, that's how I remember it from Schoolhouse Rock.

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I'm just a bill on capital hill.

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Is there a clip of Krugman chatting with Rush Limbaugh out there? Morning Joe is rather lightweight.

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42% In Tax cuts...Pelosi better fight hard in committee. Approximately 330 billion in tax cuts.

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It's supposed to have 54% tax cuts now, and it's still $780 billion so if Joe "blow his coporate sugar daddy" had anything to do with it, it's sounds like another cave-in by Dems.

Jeebus.

This is why we needed Howard Dean, to go to AZ and flip that state cause Kyl bearly won, because Wall Street wins again and we lose. Republican did say they wanted Obama to fail, and this means more jobless Americans, as the GOP always blames everything else they fuck up on Democrats.

Harry Reid just caved into same old crap.

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It is all abysmally stupid, but so what?

This is not the final form of the stimulus bill, it is nothing more (and nothing less) than the highest hurdle it has to pass - the one time Obama and the Dems absolutely need at least a handful of GOP votes.

Once the bill passes, however mangled, the president is completely in the driver's seat, because he will have both the money and the megaphone.

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GD it! CALL your Senator! Damn it don't just sit with your thumbs up your ass! Do something! Call your senator, or any senator and tell them what you think about these tax cuts. Remind them you will remember how they voted on this stimulus when it's time for their reelection. Remind them they might not have a job, a job that gets an automatic raise every year, soon.

All U.S. Senators can be reached by calling 202-224-3121.
The U.S. House switchboard number is 202-225-3121.

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42% tax cuts. That's incredibly discouraging. Incredibly discouraging.

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Obama did ask for 40%. And it depends on what those tax cuts are and who they target. Remember, Obama campaigned on giving 95% of the country tax relief, almost all of it focused on the middle class.

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I believe the Republicans define middle class as the top 1% and the Blue Dogs define middle class as the top 2%.

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Thank you for reminding me.

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These tax cuts are NOT Bush tax cuts. In fact, most focus on the working class. This is fulfilling Obama's campaign pledge to cut taxes on 95% of Americans.

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Obama should Veto this bill...Regardless, of what comes out, and intrroduce his own measure.

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I don't think he could, unfortunately -- and that's why he shouldn't have been so conciliatory to Repugs about this to begin with. I mean, seriously -- Liebersuck, fine. Rick Warren, fine. But not this, no way.

Very disappointing. Hopefully he will roll back, but I cannot be optimistic.

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From daily Kos:

The so-called "moderate compromise" in the Senate cuts $140 billion in spending from the stimulus legislation, but leaves in place between $300 billion and $350 billion in tax cuts

Harry Reid does it again, Obama can't veto this tax cut dog, and we, the taxpayers are going to pay to have corporate American campaign contributors bleed American dry with these nice tax cuts. They don't trickle down as Obama has clearly stated.

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Wait till the "centrists" get ahold of health care, we'll be dying in the streets (didn't want any of that flu research did we. Flu being another leftist wimpy concept I guess. Not big and tough like defense weapons).

Our state U is laying off hundreds or more but those aren't REAL jobs. Our public and private hospitals are laying off hundreds of health care professionals, but those are REAL jobs.

Who needs research? What state needs funding for education? What county needs help for its local hospital?

Can't have any of that leftist stuff. Hell no. We want "centrism". We want tax cuts for the top 2% and bipartisan compromise 100% better than tax cuts for the top 1%. Sorry, I probably can't do math. No one can do math. But don't expect anyone to fund anything leftist like math. Heck, if the bottom 98% could do math they might figure out how they're being screwed, centristly screwed, moderately screwed and most importantly bipartisanly screwed.

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Maybe Obama should just issue a signing statement with the bill saying he will use the money in the best interests of the American people. Let the Republicans chew on that whole unitary executive thing for a while.

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Oh man. Talk about a dilemma. Signing statements should be discouraged, but it certainly is a tempting prospect (if it's even possible).

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Wow. Lindsey Gramm needs to stop swaying back and forth. Talk about an annoying habit.

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Holy Cow is Lindsey Gramm a cry baby. His entire speech is complaining and trying to paint Obama a failure.

What a drama queen.

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The selective job bill, whereby favoritism might or might leave you employed. They'll funny money and it's not change at all. American can't believe it. It's complete crapshoot. The US will still go belly up.

It's bullshit.

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The answer to the Republicans' Hooveresque call for no spending is simple:
Give the Wingnuts what they want - and more!
President Obama should offer to remove ALL stimulus spending... in the Red states.
Now THAT would considerably lower the cost of the stimulus package while saving most of the nation from catastrophe.

Somehow, I have a feeling that such a move would immediately create some more GOP converts to the side of common sense and history.
Just a guess, of course.

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This truly sucks. But I don't place all of the blame on Harry Reid - I blame Obama. Mr. Bipartisan introduced a bill with a bunch of bullshit tax cuts with little or no stimulative effect, with the hope of getting Republican votes. Instead, he got 0 Rethugs in the House, while in the Senate the stimulus is getting nickel and dimed to death by "Centrists." And all the while David Brooks and co will claim that Obama started too far to the left. CRAP! Obama started in the middle and the package will end up on the right. He should have started with an all-spending bill and then allowed tax cuts to be part of the bargain to get the Rethuglian votes needed to get it through the Senate.

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This was overall one of the more hopeful days I've had for a while. It's always about compromise that is the political art. Nobody entirely gets their way, you don't ever want them to! But I want *my* way of course...

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reality check: imagine if it was President McCain right now.

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Ben Nelson and Joe Lieberman would be affirming the wisdom of Republican tax cuts, the folly of spending on Head Start and schools, and the necessity of increasing defense spending?

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shit, good/depressing point.

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By the way, I just send an email to my Senator, the dear Mr. Specter, urging him to support the original stimulus package, including all the spending programs that the dear Ms. Collins and the dear Mr. Nelson took out. I ended the note reminding him that he is up for reelection in 2010, and that PA is getting bluer and bluer. I urge the rest of you to start contacting your Senators and, if you are in Obama states with Rethuglian Senators, to do the same.

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The "reformed" bill is a major blow and will be perceived as the failure for the new president.

His mistake, offering tax cuts from the start, even before Repugs began making a raucous.


He needs to tighten his boot straps, take stock and do business in a lot less generous way, even with a tinge of required authority, from here on. The only people who caved in the process are democrats.

He has no choice but to pass the bill at the moment, coz it's no time for game play. He cannot afford to Veto it, especially when fellow democrats cut the deals.

But this is not a good start for the new president. I'm pissed reading the areas affected by the proposed spending cuts- Education and Mass Transit.

Harry Reid, if wish could disappear from the face of this earth. Absolute asshat, with no spine or leadership. Forget Rethuglicans, he cannot organize his fellow democrats.

Shame on Democratic senators. Have to say, Madame speaker- partly because of the numbers in her house- has more balls than Harry could ever grow.

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Concern troll much?

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I guess quite a few newcomers have joined in my hiatus- not blame you for accusing me of concern trolling.

The law of blogs- you're always almost new.

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I've been here for quite awhile, try again champ.

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Hi. I'm a socialist and will admit to being so. Also, a gadfly and a regular poster here. Kash is not a troll. He may be concerned but I think we all are.

Concern troll? Certainly not any more than Rachel Maddow or Keith Olbermann or myself.

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Thnx Josephcat- I'm glad we had a history not always pleasant. ;)

I must say I share your concern. Esp. as someone in grad school, witnessing the absolute lack of funds on everything from research to teaching to basic resources.

But I'm glad, at least, I'm in school- a bit sheltered from this economy uprooting.

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Oops, I mean we had a history of debate, though not always pleasant ;)

Please not the correction

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No probs. I like healthy debate.

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Yo Deadpixel,
Haven't seen you around these parts for very long. Kash goes back a ways. I found his comment accurately named my concerns. Don't see the trolling, though.

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Thanks Moto.

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Did you consider the possibility that Obama may have wanted tax cuts in this bill?

Tax cuts, especially in times when even the employed are having a hard time affording basic needs, are not a bad thing.

Looks to me like things are shaping up just about where he wanted it.

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You may be right. I'm not an economist, but from few readings from the Krugman school it seems the focus should be more on spending than tax cuts.

All I'm sayin is- he could have used tax cuts as a bargaining chip. I've a feeling even a few White House insiders may feel it that way right now.

I think Obama acted in good faith to move things along, but the only way to unite D.C is to reduce the number of republicans every election cycle. I don't think they will ever put country first before the party.

I personally feel Obama will take away a lesson here and will feel he could have done a few things differently. That's the way I see it and that's the way I felt it when I heard him speak yesterday.


More importantly, I keep hearing spending may not be sufficient. I want it to succeed, both for his legacy, for this country and my own future.

And I wonder if there is sufficient emphasis on spending on important programs.

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It's not just the krugman school, who I don't particularly agree with on many things. It's every freaking economist from the far right to the far left. You need massive spending. Tax cuts really don't help for many obvious reasons. If you are unemployed and out of work how much are you paying in taxes? Zippo. Also, the amount cut from the rich won't go into the economy to create jobs as it hasn't for the last 28 years. We all got trickled on on that one. For the middle class the tax cut isn't enough to make a difference. Bottom line, tax cuts are a complete wate of time. The idea was to throw the republicans a bone with tax cuts to get them on board with the spending. In response, obama got a big fu. Big mistake on his part, but hopefully he learned a valuable lesson.

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Also, spending is Keynesian economics, not krugman. Krugman doesn't deserve that kind of credit.

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Also, did anyone else get a feeling how economy all of a sudden has become a democratic problem- as if republicans had no role in causing biggest depression in 80 years?

When you have a fellow democrat, who needs republicans.

Shameless.

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¿Duende de la preocupación mucho?

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haha. Vitter just put forth an amendment to prohibit ACORN from receiving any funds from the bill. He said they have been found guilty of MASSIVE voter fraud.

What an idiot.

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I'm sure he wouldn't mind diverting funds to Madams in the D.C.

I'm sure it can stimulate the economy in obvious and satisfactory ways as well.

Didn't this AHOLE try to be a wingnut hero during Hillary confirmation?

Is he up for reelection or did he win one just recently?

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I believe he was the only person to vote against her. He's up in 2010 I believe. He's putting on a show for his base.

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Porn star Stormy Daniels is running against him.

Vitter's amendment failed.

Reading both sides on the blogs I have found a bipartisan consensus.

Both sides hate this bill.

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Well, that's what happens when you try to split the difference between reality and insanity. You can't have a bipartisan agreement on the shape of the earth when the other side are flat-earthers.

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Looks like a cloture vote on Monday morning according to Reid. A few more votes tonight and they should be done.

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OMG. This joker from Kentucky wants to increase the capital gains lose write off from 3,000 to 15,000.

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41 yea 57(?) nay

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This is a Democratic/Obama victory. Spector read off a list of things that were reduced, not cut out completely. And this is just one bill--there will be many others with education aid, etc. Chill out and enjoy winning for once.

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I'm not seeing anywhere whether stabilization aid to the states was cut. Does anybody know? That's one of the most important parts of the package- letting the states be forced to run a highly contractionary fiscal policy would be economically disastrous.

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And lo, the noble work of the "centrists":

"In addition to the large cut in state aid, the Senate agreement would cut nearly $20 billion proposed for school construction; $8 billion to refurbish federal buildings and make them more energy efficient; $1 billion for the early childhood program Head Start; and $2 billion from a plan to expand broadband data networks in rural and underserved areas." (NYT)

Speaking as a local school board member with crumbling buildings and facing massive budget cuts- this is insane. We have renovation/rebuild projects ready to go to fix our schools that would immediately put architects, construction workers, etc. to work. We have a huge waitlist for Head Start that would put teachers (and yes, they are people too) to work - AND would provide quality care so low-income parents can stabilize and seek work AND will pay off big time by preparing kids well for life.... Meanwhile, without the emergency $ for the state (the source of most of our funding), we are looking at mass layoffs, shorter school year.... in short, an implosion. Gee thanks, Ben and Susan and Harry.

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We're going to be screwed here in Connecticut as well, without emergency education dollars. I guess Senators must not be paying much attention to the condition of state budgets.

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Isn't it astounding? I imagine every single state is facing similar (if not worse) implosion in schools, health care, and other services - while these idiots blather on and lard it up with tax cuts.

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It's surreal.

Democratic and Republican governors want something done. Ditto mayors. But we're stuck with our Senate held hostage by the same flat-earth Darwin denying turds who brought us to the point we're at right now. It's crazy. John McCain's criticisms of the bill gets lots of airtime on cable news. John McCain. Think about that. John The Fundamentals of the Economy Are Strong McCain. Is the media entirely amnesic? I'm at the point where I just want to bang my head against a wall.

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And if you watched olberman last night, mcbush's comments were totally contradictory. It was hilarious. I still like referring to him as mcbush since he is living in a fantasy land and is in complete denial.

You know, the republican governors should really be putting the heat on these bozos in the senate. The states are in dire straights and need the funding. Who do they talk about among the republican governors? The fool in mississippi who gets federal dollars shoveled down his gullet and then he claims that he doesn't want anymore? Of course he doesn't need anymore, he is flush with cash from all the other handouts. Pathetic.

The dems better get a bill in there fast and break up these media conglomerates. It will create jobs and cut off the republican propoganda machine at its knees. That should be the next priority before they do anything else.

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Yeah. 19 Democratic and Republican governors from large states support it, while on the other side?

In a statement coordinated by South Carolina Gov. Mark Sanford, who chairs the Republican Governors Association, Sanford, Barbour, Louisiana Gov. Bobby Jindal, Texas Gov. Rick Perry and Alaska Gov. Sarah Palin took a hard line against what they termed debt-increasing measures in the proposed economic recovery bill.

"I am seriously concerned by the large amount of debt being created by this legislation," said Jindal, "that will be passed down to our children and our grandchildren."

Palin said in the statement she worried some of the bill's spending wouldn't effectively address the economic crisis.

That was February 6, from Politico. Just 6 days earlier, from Fox News:

The 2008 GOP vice presidential nominee, Alaska Gov. Sarah Palin, planned to meet in Washington this weekend with Senate Republican leader Mitch McConnell of Kentucky and other senators to press for her state's share of the package.

The hypocrisy in this behavior goes unnoticed by Politico. I bet you're stunned, right?

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The notion that the Republicans think they are going to get anyway by continuing to feed america the same old crap is insane.

There must be a way we can get it through their thick skulls... if there was just some way we could make them wade around in their own feces for a while maybe, just maybe they would finally smell the stench and shift something....

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Can you explain what the hell is going on in Washington?

The stimulus package is a mess. Without the state aid, the whole economic effect will fail. First, according to the CBO before last night's changes the spending effect in 2009 would be $169 billion, but knocking out $40 billion of aid to the states - all of which would have occurred in 2009 - will take out perhaps 1 million jobs at $75,000 per year per job, or $75 billion in spending power. These are the jobs of Teachers, Police and Firemen, all members of Unions who put Obama in the White House. Second, this effect is not replaced with more spending but with " $30 billion in tax incentives to encourage Americans to buy homes and cars within the next year..." (from the NYT tonight) and scales back the Tax Cuts for the Middle Class (according to NYT).

So aside from destroying the state government, pissing off 50 governors, and the unions who put Obama in the White House, pissing off Nancy Pelosi and the congressional Democrats, this plan now delays spending into 2010. This plan will have virtually no effect in 2009. The plan is already too late and will now be later. When the stock market (I am a trader) figures this out, it will likely drop below the November lows. I am afraid Obama mismanaged the whole thing and is creating a disaster for the Democrats.

In the House Senate conference, now if the Democrats object to what the Republican senators agreed to (all 2 of them), Obama will be in the position of complaining that the Democrats are holding up the bill that will save Americans. Obama has cleverly turned himself into an ally with the Republicans while alienating his union base and while the other 300 Republicans in the congress are railing against Obama. Brilliant! Everyone pissed off, no one accommodated, and the goal of preventing job loss in ruins. A disaster. And, another million people thrown onto the street. What a mess.

I cannot believe there is not some other plan going on, something I do not see or understand because the whole thing makes absolutely no sense politically, or economically. Obama looks like an idiot bulldozed by the Republicans! Oy Vey.

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I sure wish I could disagree with anything you said...

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Three gop decided to try to work with a brand new President in a time of crisis with millions of Americans hurt by this economic 9/11.

Three.

Lets wait for the final bill before you join the rest of the gop.

We are only at half time.

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