Update: 134 Republicans take to the House Floor ‘Where are the jobs?”

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July 21, 2009. Tags: , , , , , , , , , , . Politics. Comments off.

Rush: Prevailing Union Wage Measure in Stimulus Bill…

Courtesy of realclearpolitics

March 30, 2009. Tags: , , , , , , , , , , . Economy, Labor Department, Obama Administration, Politics, Uncategorized, Unemployment Statistics. Comments off.

Stimulus hardcopy….

From the Republican Study Committee via HA

Republican Study Committee Chairman Tom Price discusses the big-government handout that Democrats are going to push through Congress. The final version of the bill even has hand written notes that allow for more irresponsible spending.

Democrats made the bill available at 11 p.m. on Thursday night. At 9 a.m. Friday morning, the House begins debate on the bill. If members of Congress actually took the time to read the bill, they would have to read through the night at a rate of 626 words per minute before heading to the House floor. What are the odds of that happening?

February 13, 2009. Tags: , , , , , , , , , , , , . Economy, Obama Administration, Politics, Unemployment Statistics, Wall St. 2 comments.

Bumped: Stimulus Update: Gang of Old Senators Steal Childrens’ Futures and Charge Them For It…

I am in the unenviable position of agreeing with the Mrs. Rev. Lovejoy…

Remember for a moment if you can, like we at MiM can,  growing up in the 70s: the inflation, the gas lines, the CARTER..now think of that 1 trillion times worse..now there are no jobs because government has crowded out the private sector…that is what our kids may face..can we give them a damn school that has no asbestos to learn in on the off chance they get the opportunities in life we had??

The pathetic excuses for leadership that call themselves Senators and claim to represent the children of Maine, Ohio, Nebraska and Pennsylvania have conspired with Rahm Emanuel ie the White House to cut 65 Billion out of all that money, and chose education to take the hit..

The best is the way Susan Collins R ME is PROUD of herself for cutting most of the money from the children’s only break they get in this porkwrapped tax on they and their progeny..

All to make the porkulus look better, selecting not the Money going to Chicago to build a futuristic green machine, but the money from the children who they plan to stick with the bill for their spending..they gutted the money from School Construction and School Nutrition.

That’s one less salmonella tainted peanut butter sandwich for you Oliver..

Yeah we wouldn’t want to encourage CONSTRUCTION would we? We want jobs. Uhm yeah construction IS jobs, but you know Mayor Daley and Obama want their Chicago Earmark, and we cant have anyone looking there so this is better..

Obama SOLD this as INFRASTRUCTURE with his Tale of Woe for the poor little schoolhouse with no repair since Lincolns Day, everyone remember that? Well, Team Obama wants to forget it. Don’t let them.

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February 7, 2009. Tags: , , , , , , , , , , , , , , , , , , , , . Department of Education, Economy, Entertainment, Fantasy, Film, Finance, Music, Obama Administration, Politics, Popular Culture, Sci Fi. 2 comments.

Strike a Pose! Obama Economic ‘A Team’ Gets Glamour Shots …

Annie Liebowitz-Vanity Fair).

Team Obama 'Vogues' it Up. Strike a Pose baby (photo: Annie Liebowitz-Vanity Fair).

I thought we needed to do something urgently for the desperate times?

But they manage to find time to have a photo shoot with Annie Liebowitz..

oh okay…but they haven’t rolled out a housing plan or TARP Two plan…

huh.

February 2, 2009. Tags: , , , , , , , , , , , . Cabinet, Economy, Entertainment, FDIC, Finance, Foreclosures, Housing, Labor Department, Music, Obama Administration, Politics, Popular Culture, TARP, Unemployment Statistics, Wall St. Comments off.

Update and Correction: Team Obama adds 8% to Pentagon FY 09 budget.

UPDATE AND CORRECTION from HA by way of CQ:
If enacted, that would be about a $14 billion increase above the $513 billion allocated for fiscal 2009 (PL 110-329), including military construction funds, and it would match what the Bush administration estimated last year for the Pentagon in fiscal 2010. But it sets up a potential conflict between the new administration and the Defense Department’s entrenched bureaucracy, which has remained largely intact through the presidential transition.

Some Pentagon officials and congressional conservatives are already trying to portray the OMB number as a cut by comparing it to a $584 billion draft fiscal 2010 budget request compiled last fall by the Joint Chiefs of Staff.

The $527 billion figure is “what the Bush people thought was the right number last February and that’s the number we’re going with,” said the OMB official, who declined to be identified. “The Joint Chiefs did that to lay down a marker for the incoming administration that was unrealistic. It’s more of a wish list than anything else.”

Defense budget experts have said the draft by the Joint Chiefs, which was never publicly released, was designed to pressure the Obama administration to drastically increase defense spending or be forced to defend a reluctance to do so. Defense officials in past outgoing administrations have left inflated budget estimates for incoming officials in the hope of raising the spending baseline. In fact, the draft budget was never scrubbed by Bush’s OMB, which had told federal agencies to submit draft budgets based on “current services.”

One key issue is the administration’s decision to reduce supplemental appropriations by folding into the base Pentagon budget the non-war-related spending that has cropped up in supplemental bills.

The Pentagon refused to comment publicly on why it would need the higher amount. Defense Secretary Robert M. Gates has said the fiscal 2010 defense budget must contend with the realities of the bad economy and stop the trend of steep increases in military budgets since the Sept. 11 terrorist attacks.

Gates also has said the department would deliver Congress a formal request for a second tranche of fiscal 2009 war funding “in the coming weeks.” He sent Congress an estimate for that tab that totaled $69.7 billion.

WWII Home Defense

WWII Home Defense

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January 31, 2009. Tags: , , , , , , , , , , . Finance, NAVY, NAVY CARRIER SQUADRON, Obama Administration, Politics, Terrorism. 1 comment.

VP Biden on China and Trade Policy….

Oh Noes!!! Biden was alone with a reporter and they talked about currency, trade and China, oh dear Gawd!!

Smoot-Hawley is already raising its protectionist head in the stimulus and now Joe is talking to our banker..good grief…

Read an EXCELLENT post on the Great Depression and Smoot-Hawley by Anthony Edwards at The Filter, their chart on the drop in global trade below:

plummeting-world-trade1

Highlights from Reuters by way of interview with NBC reporter John Harwood:

The United States will insist China play by international trade rules, but will not move unilaterally to keep out China’s exports, Vice President Joe Biden said on Thursday.

“The policy of this administration is to say to China — which occasionally the last administration was reluctant to do — ‘you’re a major player on the world scene economically and you’ve got to play by the rules that everybody else plays by,'” Biden said in an interview on CNBC.

-snip-

So we’re going to be, in that sense, blunter with the Chinese about ‘you’re in the deal, you play by the rules,'” Biden said.

Oh good! BIDEN is going to be MORE BLUNT with our largest trading partner and the buyer and holder of all our debtr, which incidentally we are printing like it’s going out of style to send out all these stimulus funds…I feel nauseous…

U.S. Treasury Secretary Timothy Geithner angered China last week when he told senators at his confirmation hearing that China was manipulating its currency.

So what’s happening back at the ranch while Biden is talking about China..

President Barack Obama is expected to contact his Chinese counterpart soon and assure Beijing that Washington is not seeking a “currency war” a lawmaker closely involved in U.S.-China issues said on Thursday.

Representative Mark Kirk, co-chair of the U.S.-China Working Group, said he and others in the bipartisan congressional group were told by administration officials that “the president will undercut the anti-currency message pretty directly.”

“My understanding is today or tomorrow there will be an Obama call to Hu Jintao in which the talking points are basically that the president will commit that we are likely not to have a currency war,” the Illinois Republican said.

-snip-

BUT- ” The White House declined to comment.” Apparently they forgot to tell Joe…

Have they read the State Dept. Diplomatic History on this??

In the decade after the end of the First World War, the United States continued to embrace the high tariffs that had characterized its trade policy since the Civil War. These were enacted, in part, to appease domestic constituencies, but ultimately they served to hinder international economic cooperation and trade in the late 1920s and early 1930s.

Message to Joe, to quote T’Pau, (and really have been waiting to do so since the 80s, HA! ): ‘don’t push too far, your dreams are china in your hand’ and he is a bull in the shop dudes…

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January 29, 2009. Tags: , , , , , , , , , , , , , , , , , . Economy, Entertainment, Finance, Music, Obama Administration, Politics, Wall St. 4 comments.

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.

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