Barack Obama: "I expect to be able to sign a bill shortly after taking office. By the end of January or the first of February."

   Let the games begin! Let's see if President -elect Obama and the Democrats can deliver on a fiscal plan by the end of Obama's time frame. With Republican obstructionist such as Mitch McConnell against any help what-so-ever for the middle class and the poor in America, this will be a tough feat for Obama so push through.

   Obama's proposal  to stimulate the economy includes tax cuts of up to $300 billion — including $500 for most individuals and $1,000 for couples if one spouse is employed — as well as more than $100 billion for businesses, an Obama transition official said. The total value of the tax cuts would be significantly higher than had been signaled earlier.

New federal spending, also aimed at boosting the moribund economy, could push the overall package to the range of $800 billion or so. Some $77 billion would be used to extend unemployment benefits and to subsidize health care for people who have lost their jobs.

The rest would go toward job-creation projects such as roads and bridges and toward long-term goals such as alternative energy programs.

  Republican House  Minority Leader John Boehner is worried about the cost of this economic recovery package.

"This is not a package that's ever going to be paid for by the current generation," Boehner said. "It's being paid for by our kids and grandkids."

Republican lawmakers want more details, Boehner said, but he replied "yes" when asked if he expected a stimulus plan to be enacted within six weeks.

  Hey John=boy!  Where was all of that concern about our kids and grandkids paying for our over indulgence's when you and the Republicans where busy shafting all of us and running up the bills?

    It would be nice if both Senate Majority Leader and House Speaker Nancy Pelosi would get over all of that bi-partisan bullshit and create a real bill to be shoved down the Republican's throats.

    The Democrats control both the House and the Senate, yet they still have to ask the Republicans for permission to do their jobs. WTF?

Technorati Tags: President-elect,Barack Obama,Stimulus Bill,Economy,Harry Reid,Nancy Pelosi,Mitch McConnell,Republicans

Republicans/Pundits Are Still Pushing For More Reagan " Voodoo Economics "

   This group of people have to be " stuck on stupid " to even remotely suggest that more tax cuts for the upper earners/corporations will help to fix our economy.

   But this is exactly what CNBC's Lawrence Kudlow is suggesting.

Republican Senate leader Mitch McConnell is absolutely right to warn against Obama’s gigantic stimulus-spending package. McConnell says it “will be the largest spending bill in the history of our country at a time when our national debt is already the largest in history.” As a result, he says the bill “will require tough scrutiny and oversight.”
According to McConnell, scrutiny should include this simple test: “Will the yet unwritten, reportedly trillion-dollar spending bill really create jobs and grow the economy — or will it simply create more government spending, more bureaucrats, and deeper deficits?”
The Republican leader is drawing a clear line in the sand. Okay, good. But the GOP has got to do more. It must start talking about tax cuts to grow the economy. And it must get back to the supply-side by talking about lower marginal tax rates on individuals, businesses, and investors.

  Now, I'm all for tough scrutiny and oversight when it comes to spending hundreds of billions of taxpayer dollars to fix anything, but, where was McConnell's concern when 700 billion was apportioned to Wall Street with no oversight involved? Where was Mitch's concern while he and Bush ran this country over a cliff, putting our national debt at its highest levels ever?

   Tax cuts to grow our economy? We've had those tax cuts in place for some 28 years and the only economy that they have grown was the economy of the already wealthy, while fucking everyone else.

We don’t need bailout nation. Nor do we need the government picking winners and losers in a massive, Keynesian, new-New Deal spending extravaganza. And it’s not Obama’s middle-class tax cut that’s going to get us out of this economic jam. At best his vision is incomplete. But at worst his aversion to successful earners and investors is a real obstacle to full economic recovery..

   I suspect that the Republican/communist Party has found a way yet to keep their hands in the till, hence all of the bullshit ideas and the whining.

If we had an economy without rich people we wouldn’t have much of an economy. That’s why lower tax rates to reward the economic activists — the most prominent capitalists — are so essential.

In fact, the GOP has a great opportunity to challenge Obama’s Keynesian pump-priming by insisting there be a major tax-cut component in any new fiscal package. Republicans shouldn’t merely push for somewhat less government spending. They have to make a bold case that tax rates matter for economic growth and job creation. They must insist that any recovery package includes this key element. Shift the debate. Say clearly that a reenergized economy cannot occur without lower marginal tax rates.

  I'm surprised that Kudlow isn't pushing for even more deregulation to help fix or economy.

The whole debate in Washington is heavily skewed toward government spending on infrastructure. It’s all spending and virtually no tax cuts. For a more balanced and effective recovery policy, the GOP has to bolster its argument for spending discipline with a loud case for tax cuts.

  Have they not learned that more government spending coupled with the Bush tax cuts do not work?

Technorati Tags: Lawrence Kudlow,CNBC,Mitch McConnell,Republicans,Ronald Reagan,Voodoo Economics,Supply-side,Barack Obama,Tax Cuts,Economy