Stimulus Vote in the House: all GOP and 11 Dems vote Nay…Don’t Beeee Sad, ’cause Two Out of Three Ain’t Bad…

‘Apparently they didn’t get the kumbayah memo….what about all our Unity Ponies!!!??!

an Ode to the first defeat for Mr Post-Partisanship..there ain’t no Coupe DeVille hidin’ at the bottom of a Cracker Jack box…learn from the Big Dawg… if you believe in the program and have enough votes in your party,  pass it without the GOP, take the political hit….and hey dont beee saaaaddd cause two out of three ain’t baaaaddddd….

Telegraph.UK reports it as a slap in the face! oh DEEEEE-nied!!!

…the 244 to 188 vote is a hollow victory indeed. Without a single Republican voting for the bill, his high-profile visit to Capitol Hill on Tuesday came to exactly naught – at least on the House side.

Obama vowed to change Washington and usher in a new post-partisan era. The the mood music and optics were pitch perfect as he trekked up to the Hill. Republicans praised his gesture, welcomed his sincere demeanour and appreciated his willingness to listen.

Problem was, he wanted only to listen and did not want to act on what Republicans said. When he was asked if he would re-structure the package to include more tax cuts, he reportedly responded: “Feel free to whack me over the head because I probably will not compromise on that part.”

He apparently added: ” I understand that and I will watch you on Fox News and feel bad about myself.”

(MiM here gee kinda snarky was Dear Leader huh! this after the I Won meeting the other day..tsk tsk…)

That’s fine. No doubt Obama will indeed get beaten up on Fox News. But his failure to get even the squishiest moderate Republican  – including the 11 entertained in the White House by Rahm Emanuel last night – to back him is not merely a big score for Rep Eric Cantor, Republican Whip, and the rest of the GOP leadership.

It also shows that it is not just Fox, the loony Right or Rush Limbaugh – or however else you might want to characterise the opposition in order to marginalise it – who had grave misgivings about the content of the bill….

the Nays are below….

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January 28, 2009. Tags: , , , , , , , , . Economy, Entertainment, Music, Obama Administration, Politics. 1 comment.

Why dropping Housing Values affect us all..school budgets slashed and burned…

Here is the battle we are facing in  Arizona..our DEM Governor has been tapped as DHS Secretary and our GOP SoS has taken over…the plummeting housing values have crippled the budget and here comes the GOP with their red pen..

This is why we NEED HOLC, we will not recover until a floor is put under housing….and frankly states with large immigrant populations that spend so much of their budgets on english as a second language need more money from the budget as long as that is in our mandate…

Republican Legislators Propose Heavy Education Cuts

Students begin to protest Republican cuts
House Appropriations Chairman John Kavanagh, R-Fountain Hills

On right, Senate counterpart, Russell Pearce, R-Mesa

PHOENIX (By Mary Jo Pitzl, Arizona Republic) — The state could eliminate all-day kindergarten and save $218.3 million next year, according to a plan presented to lawmakers this week.

And there could be an additional $218 million in savings in the budget year that starts July 1 if lawmakers opt to suspend money sent to the schools for such things as furniture, textbooks and school buses.

No cuts to these programs are proposed for the current year.

These are among the details contained in a phone-book-size document released Friday. It outlines more than 500 budget-cutting options from the state’s two budget chairmen to help the state close a $1.6 billion deficit this year, as well as an anticipated $3 billion deficit in 2009-10.

The proposal would phase out state money to help schools pay bonuses to experienced and excelling teachers. Schools would need to cut teaching positions and increase class sizes, said Tom Horne, state superintendent of public instruction.

“It would be harder to attract and retain qualified teachers, and that’s the real impact,” Horne said.

Lawmakers were presented with the generalized plan Thursday but didn’t get the details until Friday.

And some were quick to note that the “budget options” plan is far from a final deal.

“Those options are just that . . . options,” Rep. Rich Crandall, R-Mesa, said in a news release. “Those options did not come from House leadership but do demonstrate how bad the state’s budget situation is for the foreseeable future.”

Crandall, chairman of the House Education Committee, said he was stung by the suggestion that the options represent the will of the Legislature’s Republican leadership.

Rather, they are ideas set out by House Appropriations Chairman John Kavanagh, R-Fountain Hills, and his Senate counterpart, Russell Pearce, R-Mesa.

The two budget chairmen told lawmakers the options are a starting point for revising this year’s budget, as well as building a new budget for 2009-10.

But they cautioned that if any lawmaker wants to rule out an option, he or she must suggest a cut elsewhere to keep the plan in balance. And as far as the current-year budget is concerned, they said there is little time to spare. Kavanagh and Pearce said they want to get a revised fiscal 2009 budget finished by Jan. 31.

“You can’t wait.  Every day lawmakers delay, spending continues unabated,” Pearce said Thursday.

Among other details in the options budget:

• Eliminate the KidsCare health-care program, for a savings of $18.3 million this year and $35.6 million next year. The program provides health care to nearly 63,000 Arizona children. These children come from families that do not qualify for the state’s Medicare program, the Arizona Health Care Cost Containment System, but whose incomes fall below 200 percent of the federal poverty level of $21,200 for a family of four.

• Eliminate KidsCare Parents, a companion program to KidsCare that covers parents. Ending the program would save $4.7 million this year and $7.3 million next year.

• Cut funding to the Arizona Board of Regents by $26 million this year and $58 million next year. Among the options: Take the official enrollment count on the 45th day of the semester, rather than the current standard of the 21st day. Typically, enrollment is lower later in the semester.

• Save $115 million by cutting various university programs this year, mostly through lump-sum reductions. Another $178 million in savings is suggested for 2009-10.

In a news release, Arizona State University President Michael Crow called the options plan a blueprint for putting Arizona “on the path to resembling a Third World country.”

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January 28, 2009. Tags: , , , , , , , , . Cabinet, Department of Education, Economy, FDIC, Finance, Foreclosures, Housing, Immigration, Obama Administration, Politics, TARP. 2 comments.

For Billy Powell….(Lynyrd Skynyrd keyboardist passes away)

God Bless him and his family and friends..thank you for the music…

via Bazooka270: Ronnie Van Zant, Steve Gaines, Cassie Gaines died in the plane crash in 1977. In 1987, Lynyrd Skynyrd reunited for a full-scale tour with crash survivors Gary Rossington, Billy Powell, Leon Wilkeson and Artimus Pyle and former guitarist Ed King. Ronnie Van Zant’s younger brother, Johnny, took over as the new lead singer and primary songwriter. This video here is the reunited Lynyrd Skynyrd with Johnny Van Zant as lead vocalist.

…The Jacksonville-based band was formed in 1966 by a group of high school students — famously, it took its name from a P.E. teacher they disliked, Leonard Skinner. Powell joined the group around 1972, the year before they released their first album, “Pronounced Leh-Nerd Skin-Nerd.”

It became one of the South’s most popular rock groups, and gained national fame with such hits as “Free Bird,” “What’s Your Name” and especially “Sweet Home Alabama,” which reached the top 10 on the national charts in 1974.

The band was decimated on Oct. 20, 1977, when their chartered plane crashed in a swamp near McComb, Miss.

-snip-

Two years after the accident, Powell and fellow members Allen Collins, Gary Rossington and Leon Wilkeson formed the Rossington-Collins Band. It broke up in 1982.

Powell was on hand again in 1991 when a revived version of the band put out a new album, “Lynyrd Skynyrd 1991” and launched a tour in Baton Rouge, La., where the band was headed in 1977 when the plane crashed. Fans who kept their tickets from the canceled 1977 concert were admitted free.

The band was inducted into the Rock and Roll Hall of Fame in 2006.

lynyrd_skynyrd

January 28, 2009. Tags: , , . Entertainment, Music, Popular Culture. 1 comment.

Update..Stimulus Hidden Gem: ‘Decoupling’ Billing Model for Electricity for Consumers…does NOT go by usage…

warning-electricity-2

Update: Okay, it’s called ‘decoupling’  BWAAAHAAAA!!! Anyone that follows the street can tell you how the last ‘decoupling’ theory went. HA!

(they said the US was decoupled from the global markets when we US consumers tanked beginning in 05 and they were fiddling while Rome burned, turns out..not so much and we took the global economy down with us, cause it is apparently STILL the American consumer that turns the world’s economies)

Anywho apparently the NRDC (of which I am a member), thinks it’s just the cats pajamas and CA does it this way yada yada yada. Okay and CA also isn’t sending out tax refund checks cause they have no money so don’t sell me that way.

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January 28, 2009. Tags: , , , , , , , , , , , , . Economy, Finance, Music, Obama Administration, Politics. 2 comments.

Video Update: POTUS Signs the Act-WooHoo! Lilly Ledbetter Fair Pay Act passes House..to POTUS for signature…

Video:

UPDATE 1/29 :The first second signed legislation of this Administration will may IS be the Lilly Ledbetter Fair Pay Act…

Just signed!! Lilly and Hillary are there!! WOOHOO!!!!

lillyledbetter

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January 28, 2009. Tags: , , , , , , , , . Finance, Labor Department, Obama Administration, Politics, Unemployment Statistics. 1 comment.

Turbo Tax Tim takes Goldman Sachs lobbyist for Chief of Staff…

can’t you feel the change?!?!?

uhm…NOT!

so much for ETHICS ROOLZ….

Of all the firms who helped get us into this hole, Goldman Sachs IMO has the most to answer for and has not paid a price for their shenanigans.

Know why? Cause they run the finance arm of our government at this point and they lobby, lobby, lobby.

Think perhaps this genius hired as Chief of Staff to our new tax evading Treasury Secretary helped GS avoid any downside as the counterparty to AIG CDS by lobbying Turbo Tax Tim to put BILLIONS into AIG?

Yeah we do too.

Unfrakin real. A new era without lobbying

I call bullshit.

Bullshit.

Like I always say, GS is Golden and they made money betting against their clients and they made money tanking our financial system after Paulson himself lobbied Congress to raise leverage limits…and they are making money on the TARP and the bailouts handling the asset purchases for the frakin FED Reserve too….

ANOTHER FINE MESS YOU’VE GOTTEN US INTO GOLDMAN SACHS!

And now Turbo Tax Tim has the AUDACITY to hire a GS LOBBYIST as his Chief of Staff?!?!

Gee wonder whose interests this guy will be looking out for. Think he has any GS stock? yeah.

From NBCBayArea:

Newly installed Treasury Secretary Timothy Geithner issued new rules Tuesday restricting contacts with lobbyists – and then hired one to be his top aide.

Mark Patterson, a former advocate for Goldman Sachs, will serve as chief of staff to Geithner as the Treasury Department revamps the Wall Street bailout program that sent an infusion of cash to his former employer.

-snip-

According to that pledge, Patterson will be prohibited for the next two years from participating in Treasury decisions related to Goldman Sachs and the specific issues on which he lobbied.

Still, Sloan and financial service lobbyists question how Treasury will make those determinations. “Goldman so permeates the markets, how can you separate them out?” Sloan asked.

Patterson was a registered lobbyist for Goldman Sachs from 2005 until April of 2008. Lobbying disclosure forms suggest he represented the financial giant on a wide array of issues, including visas, tax credits for cellulosic ethanol and an Indian gaming facility in New York state.

His reports also list a July 2007 meeting at Treasury, but sources familiar with the meeting say it was an informational session about Goldman’s business practices organized at the department’s request.

The Treasury lobbying rules issued by Geithner Tuesday would restrict department lobbyist contacts connected to applications for funding from the Troubled Asset Relief Program and those associated with banks receiving government assistance…

(PS Guess who is new head of NY Fed to replace Tim? YES! Former Golden Slacks Economist, BWAAAHAA!)

MiM Market Update: Futures up sharply on news of Bad Bank…(covered by MiM yesterday) but ‘Dr Doom’ Rabini of NYU Stern School of Business told CNBC’s Becky Quick this morning at the Economic Forum in Davos, that we will see things decline even farther by the end of 09 as Auto, Student and Credit Card loans default….(gold baby, MiM says we need cash, short term Treasuries and gold)

At MiM we heard the news and this nursery rhyme popped into our head, LOL:

And the Treasury Secretary takes a Chief of Staff

the Tres Secv takes a chief of staff

hi ho the derrio the tres secty takes a chief of staff!

We think GS should be the cheese

and the cheese stands alone

the cheese stands alone…

January 28, 2009. Tags: , , , , , , , , , , , , , , , , , , , . Cabinet, CITI, citigroup, Economy, Entertainment, FDIC, Finance, Music, Obama Administration, Politics, Popular Culture, TARP, Unemployment Statistics, Wall St. 2 comments.

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