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| 07:19 PM | ||
| Users Online Now: 2,839 (Who's On?) | Visitors Today: 1,553,374 | |
| Pageviews Today: 3,766,247 | Threads Today: 965 | Posts Today: 16,793 |
| 07:19 PM | ||
Obama advisor calls for new "mini-stimulus" | |
| homemommy Offer Upgrade  User ID: 837703  United States05/25/2010 12:35 PM Report Abusive Post Report Copyright Violation | [link to www.ft.com] From the article: The Obama administration made a strong plea to Congress on Monday to grit its teeth and pass a new set of spending measures – dubbed the “second stimulus” by some economists – in order to help dig the economy “out of a deep valley”. The call for action, which was made by Lawrence Summers, Barack Obama’s senior economic adviser, who urged Congress to pass up to $200bn (£138.9bn) in spending measures, came at the same time as Mr Obama asked Capitol Hill to grant him powers to cut “unnecessary spending  I found this blog where they keep track of how much of the original stimulus has been spent, and it says there is $196 BILLION is left. It breaks down where the money went. Why are they asking for more money when the first hasn't been spent yet? [link to projects.propublica.org] |
| homemommy (OP) User ID: 837703 United States05/25/2010 12:42 PM Report Abusive Post Report Copyright Violation | |
| dereistic User ID: 846424 United States05/25/2010 12:44 PM Report Abusive Post Report Copyright Violation | |
| Rev-bo TANSTAAFL User ID: 538751 United States05/25/2010 12:45 PM  Report Abusive Post Report Copyright Violation | Summers, you're Keynesian mega-stimulus didn't work. What makes you think the Bride of Stimulus (thanks, Rush) will work any better? Rev. 21:4 He will wipe every tear from their eyes. There will be no more death or mourning or crying or pain, for the old order of things has passed away. "The condition upon which God hath given liberty to man is eternal vigilance; which condition if he break, servitude is at once the consequence of his crime and the punishment of his guilt." -Philpot Curran |
| Anonymous Coward User ID: 974681 United States05/25/2010 12:45 PM Report Abusive Post Report Copyright Violation | |
| guy369 User ID: 954465  Canada05/25/2010 12:47 PM Report Abusive Post Report Copyright Violation | |
| ScrumpTheTexan -Controverter- User ID: 894450 United States05/25/2010 12:49 PM  Report Abusive Post Report Copyright Violation |  I am a Christian. Christian does not equal doormat or pushover. SickOfItAll "I Have Sworn upon the Altar of God... Eternal Hostility against every form of Tyranny over the mind of man." -Thomas Jefferson, Sep. 23, 1800  For previous Newsletters, click 'Scrump's News Letters' @ [link to www.godlikeproductions.com] |
| Anonymous Coward User ID: 957461 United States05/25/2010 12:49 PM Report Abusive Post Report Copyright Violation | |
| homemommy (OP) User ID: 837703 United States05/25/2010 12:50 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 981293 United States05/25/2010 12:51 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 508527 United States05/25/2010 12:51 PM Report Abusive Post Report Copyright Violation | |
| dereistic User ID: 846424 United States05/25/2010 12:52 PM Report Abusive Post Report Copyright Violation | |
| Bithead User ID: 970662 United States05/25/2010 12:53 PM Report Abusive Post Report Copyright Violation | |
| homemommy (OP) User ID: 837703 United States05/25/2010 12:54 PM Report Abusive Post Report Copyright Violation | |
| TXGal4Truth User ID: 864252 United States05/25/2010 12:56 PM Report Abusive Post Report Copyright Violation |  Your souls and money belong to me America...BWAHAHAHA Last Edited by TXGal4Truth on 05/25/2010 12:56 PM So have I now become your enemy for telling you the TRUTH? Galatians 4:16 ************************************ “Gravity explains the motions of the planets, but it cannot explain who sets the planets in motion.” ~Isaac Newton ************************************ We are called to be BOLD. ~Joshua 1:9~ ************************************ You call me paranoid. I call you uninformed. :tgdmwt: |
| homemommy (OP) User ID: 837703 United States05/25/2010 12:57 PM Report Abusive Post Report Copyright Violation | But, but, but, Mr. Summers? I thought everything was all greenshoots and lollipops? Why the need for another stimulus? Seriously, I don't get why they are calling for money when there is almost the full amount their asking for left from the first stimulus? |
| guy369 User ID: 954465 Canada05/25/2010 12:59 PM Report Abusive Post Report Copyright Violation | But, but, but, Mr. Summers? I thought everything was all greenshoots and lollipops? Why the need for another stimulus? Quoting: homemommySeriously, I don't get why they are calling for money when there is almost the full amount their asking for left from the first stimulus? Probably because a couple CEOs spent their share on a couple G8s and now need more money. We are Stardust |
| Anonymous Coward User ID: 833035 United States05/25/2010 12:59 PM Report Abusive Post Report Copyright Violation | |
| guy369 User ID: 954465 Canada05/25/2010 01:00 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 981309 United States05/25/2010 01:02 PM Report Abusive Post Report Copyright Violation | |
| guy369 User ID: 954465 Canada05/25/2010 01:02 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 920413 United States05/25/2010 01:03 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 920413 United States05/25/2010 01:06 PM Report Abusive Post Report Copyright Violation | They need another stick to prop up the decaying corpse economy. Problem is, the corpse is going to crumble eventually, regardless of how many phony props they use to support it. Quoting: guy369Dead cat bounce People unless this comes directly from a credible source (teleprompter) it is all just hearsay. We must have a new currency with the long legged mack daddy's pic on it which in theory would be the new gold standard. |
| guy369 User ID: 954465 Canada05/25/2010 01:07 PM Report Abusive Post Report Copyright Violation | They need another stick to prop up the decaying corpse economy. Problem is, the corpse is going to crumble eventually, regardless of how many phony props they use to support it. Quoting: Anonymous Coward 920413Dead cat bounce People unless this comes directly from a credible source (teleprompter) it is all just hearsay. We must have a new currency with the long legged mack daddy's pic on it which in theory would be the new gold standard. There's not enough Gold in the world to handle how much currency is out there. We are Stardust |
| Anonymous Coward User ID: 699506 United States05/25/2010 01:08 PM Report Abusive Post Report Copyright Violation | |
| TXGal4Truth User ID: 864252 United States05/25/2010 01:09 PM Report Abusive Post Report Copyright Violation | Oh, WOW!! My first pin!! Thanks!! Quoting: Anonymous Coward 920413 The first pin is always exciting! My bad I thought the title said "Obama advisor calls for new mini-series", damn I had the pretzels and popcorn ready. LOL  So have I now become your enemy for telling you the TRUTH? Galatians 4:16 ************************************ “Gravity explains the motions of the planets, but it cannot explain who sets the planets in motion.” ~Isaac Newton ************************************ We are called to be BOLD. ~Joshua 1:9~ ************************************ You call me paranoid. I call you uninformed. :tgdmwt: |
| FatalWishes User ID: 966335 United States05/25/2010 01:11 PM Report Abusive Post Report Copyright Violation | Barack Obama: we must spend our way out of recession Barack Obama declared yesterday that only unprecedented and urgent government spending could prevent the deepening recession stretching for years into the future. Eleven days before taking office, the US President-elect said that he was entering his presidency “in the midst of a crisis unlike any we have seen in our lifetime”. The “day of reckoning” had arrived, he said, and the risks of “doing too little or nothing at all” were even greater than those of allowing a federal deficit – already projected to reach the record figure of $1.2 trillion – to spiral on into the years to come. [link to www.timesonline.co.uk] Of course this was back on Jan 9, 2009. But make no mistake. This administration actually believes it can spend its way out of this mess. We are doomed to fail. Anybody that knows anything about economics will tell you, creating more debt to pay off debt won't work Last Edited by FatalWishes on 05/25/2010 01:11 PM They should take the warning labels off of everything and let stupidity sort itself out. |
| homemommy (OP) User ID: 837703 United States05/25/2010 01:11 PM Report Abusive Post Report Copyright Violation |  I love your avatar! He just wants to SLOW the progression of the crash incoming. Thanks. Remember, Remember the 5th of November...gunpowder, treason and plot...I see no reason why gunpowder, treason...should ever be forgot. |
| bed Still the Runt User ID: 960117 United States05/25/2010 01:12 PM  Report Abusive Post Report Copyright Violation | |
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| Anonymous Coward User ID: 971543 United States05/25/2010 01:15 PM Report Abusive Post Report Copyright Violation | [link to www.ft.com] Quoting: homemommyFrom the article: The Obama administration made a strong plea to Congress on Monday to grit its teeth and pass a new set of spending measures – dubbed the “second stimulus” by some economists – in order to help dig the economy “out of a deep valley”. The call for action, which was made by Lawrence Summers, Barack Obama’s senior economic adviser, who urged Congress to pass up to $200bn (£138.9bn) in spending measures, came at the same time as Mr Obama asked Capitol Hill to grant him powers to cut “unnecessary spending I found this blog where they keep track of how much of the original stimulus has been spent, and it says there is $196 BILLION is left. It breaks down where the money went. Why are they asking for more money when the first hasn't been spent yet? [link to projects.propublica.org] Because they have much of the money timed to come out when it will help DEM"S just before the elections in 2012. It was talked about a lot on msn when the stimulas bill was passed. |
