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 Stimulus Bill 
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Post Re: Stimulus Bill
How big is the program now? 819b?

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Sun Feb 08, 2009 4:13 pm
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Post Re: Stimulus Bill
Beeblebrox wrote:
Oh, they did say that the stimulus package was not a stimulus but a spending bill. Genius.


A good portion of it was used that way.

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Post Re: Stimulus Bill
Eagle wrote:
Beeblebrox wrote:
Oh, they did say that the stimulus package was not a stimulus but a spending bill. Genius.


A good portion of it was used that way.


You mean that 2%? They said the bill was a spending bill, not a stimulus, and they based that on 2% of the spending? Yeah, that doesn't exactly make them look any smarter or more honest in their criticism.

And I add once again that these are the same douche bags who DOUBLED the national debt in 8 years and blew about a trillion in Iraq.

As Barney Frank says, I would be more impressed if you or any other Republican I know had complained this much about the spending and waste when your party was in power.

The bottom line is that the Republicans are being brainless knee-jerk obstructionists, not a principled opposition party. And as Hillary and then McCain learned, you take on Obama under those circumstances at your peril.


Sun Feb 08, 2009 9:05 pm
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Post Re: Stimulus Bill
Um, over 50% of the bill is classified as government spending.

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Sun Feb 08, 2009 11:38 pm
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Post Re: Stimulus Bill
Eagle wrote:
Um, over 50% of the bill is classified as government spending.


Yeah, no shit. That's the stimulus part of the stimulus package. The problem here is that Republicans are acting as if it's either spending or stimulus, when the stimulus IS the spending and vice versa. It's like saying that the Iraq funding was a spending bill and not an Iraq funding bill. It's both.

And more importantly, why are we addressing this as if the Republican party has ANY CREDIBILITY left on anything to do with government spending or the economy?


Sun Feb 08, 2009 11:58 pm
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Post Re: Stimulus Bill
Food for thought: http://www.nytimes.com/2009/02/06/world ... japan.html

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HAMADA, Japan — The Hamada Marine Bridge soars majestically over this small fishing harbor, so much larger than the squid boats anchored below that it seems out of place.

And it is not just the bridge. Two decades of generous public works spending have showered this city of 61,000 mostly graying residents with a highway, a two-lane bypass, a university, a prison, a children’s art museum, the Sun Village Hamada sports center, a bright red welcome center, a ski resort and an aquarium featuring three ring-blowing Beluga whales.

Nor is this remote port in western Japan unusual. Japan’s rural areas have been paved over and filled in with roads, dams and other big infrastructure projects, the legacy of trillions of dollars spent to lift the economy from a severe downturn caused by the bursting of a real estate bubble in the late 1980s. During those nearly two decades, Japan accumulated the largest public debt in the developed world — totaling 180 percent of its $5.5 trillion economy — while failing to generate a convincing recovery.

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Mon Feb 09, 2009 2:24 pm
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Post Re: Stimulus Bill
More food for thought:

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In a nutshell, Japan’s experience suggests that infrastructure spending, while a blunt instrument, can help revive a developed economy, say many economists and one very important American official: Treasury Secretary Timothy F. Geithner, who was a young financial attaché in Japan during the collapse and subsequent doldrums. One lesson Mr. Geithner has said he took away from that experience is that spending must come in quick, massive doses, and be continued until recovery takes firm root.

Moreover, it matters what gets built: Japan spent too much on increasingly wasteful roads and bridges, and not enough in areas like education and social services, which studies show deliver more bang for the buck than infrastructure spending.

“It is not enough just to hire workers to dig holes and then fill them in again,” said Toshihiro Ihori, an economics professor at the University of Tokyo. “One lesson from Japan is that public works get the best results when they create something useful for the future.”


Mon Feb 09, 2009 2:33 pm
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Mon Feb 09, 2009 2:43 pm
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Post Re: Stimulus Bill
You say stimulus, some say government spending. Considering there are many projects like the 1 billion for the Census, I would say those on the spending side are more on point. Either way, it's a matter of perception.

Sure, you can certainly argue that spending on these types of projects will create jobs. They will. You can argue that they will stimulate the economy. They will. The question is how much, and are they the best way to stimulate the economy. This is where many say no, and maybe rightfully so.

The argument is that many of the billions in spending projects are simply government social projects, government spending, and not designed in any way to stimulate the economy. I actually think both articles above are on point. The key here is that America has SERIOUS infastructure problems, we NEED a 2 trillion investment into it, and dumping more of the stimulus into that area stimulates the economy the same as many of the projects in the bill, but arguably fills one of the biggest needs facing our nation at the same time. It's not building holes only to fill them in, and that's an important distinction to make. I don't think you can go wrong with education spending either however, and I was sad to see some of that get chopped. Why Republicans targeted that as wasteful I'm not entierly sure.

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Mon Feb 09, 2009 6:02 pm
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Post Re: Stimulus Bill
Eagle wrote:
Either way, it's a matter of perception.


No, it's a matter of semantics and political theater.

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Sure, you can certainly argue that spending on these types of projects will create jobs. They will. You can argue that they will stimulate the economy. They will. The question is how much, and are they the best way to stimulate the economy. This is where many say no, and maybe rightfully so.


Those saying "no" are the same knuckleheads in your party who spent us into oblivion with fuck all to show for it. I ask you again for the seventeenth time, what gives your party ANY CREDIBILITY about spending, waste, or stimulus given their track record of the last 8 years? Why are you agreeing with them?

These people put $12 billion in cash on an airplane and sent it into a war zone and were shocked, shocked that it went missing. And we're supposed to believe that these same people give a shit about $1 billion for the census?

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Why Republicans targeted that as wasteful I'm not entierly sure.


Because it doesn't benefit the rich, which aside from bashing gays and banning abortion, is the only consistent thing your party cares about. And if that sounds like hyperbole, name ONE other thing that they believe in that's consistent no matter who is president or controls Congress. It sure as shit ain't small government.


Mon Feb 09, 2009 7:05 pm
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Post Re: Stimulus Bill
You're obviously right, the Republican party is the wrong to Democrats right. Not a single valid thought, not one redeeming quality, and certainly no right to attempt to do their job.

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Mon Feb 09, 2009 7:14 pm
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Post Re: Stimulus Bill
The plan to spend on infastructure is a very double edged sword. To say it will not stimulate the US economy is nonsense, of course it will the only problem is if it becomes the central crux to a recovery it will be akin to a building fueled boom. This situation has happened in Ireland and the result has been utterly disastrous due to to this downturn. The US economy was not as dependent on the Building industry in the last positive cycle so this recession is not a complete disaster.

My knowledge of this stimulus plan is not great but the balancing act it requires isn't going to be easy.

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Mon Feb 09, 2009 7:20 pm
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Post Re: Stimulus Bill
Eagle wrote:
You're obviously right, the Republican party is the wrong to Democrats right. Not a single valid thought, not one redeeming quality, and certainly no right to attempt to do their job.


They are wrong, whether the Dems are right or not. At least the Dems are trying to lead, with some valid and not so valid ideas.

Republicans have exactly one economic thought, and that's cutting taxes. When times are great, they want to cut taxes. When times are tough, they want to cut taxes. During peace time, they want to cut taxes. During war, they want to cut taxes. That's not a valid thought. It's not anything resembling a valid idea or theory. It's just stupid.

Please name some of the redeeming qualities of your Republican party. Is it the gay bashing? The immigrant bashing? The war-mongering? The gross hypocrisy on obstructionism, spending, waste, or partisanship? Please enlighten me on your party's redeeming qualities.

And they see their job right now as pure obstructionists, which is certainly their right (a right, incidentally, they tried to ban for Democrats when Republicans were in power). There is no principle whatsoever involved with what they are doing. It is gainsaying and that's all it is.

Here's the RNC chair Michael Steele: "Not in the history of mankind has the government ever created a job."

That sums up the stupidity and mendacity of today's Republicans perfectly.


Last edited by Beeblebrox on Mon Feb 09, 2009 7:34 pm, edited 3 times in total.



Mon Feb 09, 2009 7:24 pm
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Post Re: Stimulus Bill
Gulli wrote:
The US economy was not as dependent on the Building industry in the last positive cycle so this recession is not a complete disaster.


As the article that Krem provided suggests, it is as important to spend on things like education and future services as it is brick and mortar. Obama's plan spends more on education than it does construction, which seems a step in the right direction, although infrastructure is still very important.


Mon Feb 09, 2009 7:30 pm
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Post Re: Stimulus Bill
Beeblebrox wrote:
Gulli wrote:
The US economy was not as dependent on the Building industry in the last positive cycle so this recession is not a complete disaster.


As the article that Krem provided suggests, it is as important to spend on things like education and future services as it is brick and mortar. Obama's plan spends more on education than it does construction, which seems a step in the right direction, although infrastructure is still very important.


Well then thats a great move. The education sector at least in the public realm seems to have been sorely underfunded ever since the Reagan days in the US.

Also Obama does not need to spend to much on US infrastructure, if you want to see really bad roads and transport links you only have to look at us. :sweat:

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Mon Feb 09, 2009 7:39 pm
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Post Re: Stimulus Bill
I think the many of the Republican arguments against the bill had some merit, some didn't but it's simply wrong to say that none did. It's equally ignorant to say that Republicans are patently wrong, as you enjoy doing.

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Post Re: Stimulus Bill
Gulli wrote:
Beeblebrox wrote:
Gulli wrote:
The US economy was not as dependent on the Building industry in the last positive cycle so this recession is not a complete disaster.


As the article that Krem provided suggests, it is as important to spend on things like education and future services as it is brick and mortar. Obama's plan spends more on education than it does construction, which seems a step in the right direction, although infrastructure is still very important.


Well then thats a great move. The education sector at least in the public realm seems to have been sorely underfunded ever since the Reagan days in the US.

Also Obama does not need to spend to much on US infrastructure, if you want to see really bad roads and transport links you only have to look at us. :sweat:


Don't buy into that. Beeble is right in what he says: it's important to spend on both education and infrastructure. Both have been far too neglected, both need billions on billions in additional funding.

The problem is that the bill only has about $80 billion in Education funding, and about $40 billion in infrastructure funding. $140 billion total to two of the most important aspects is not even close to good enough.

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Mon Feb 09, 2009 7:45 pm
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Post Re: Stimulus Bill
Eagle wrote:
It's equally ignorant to say that Republicans are patently wrong, as you enjoy doing.


What are they right about? You have an opportunity here to name something. Anything at all will do.


Mon Feb 09, 2009 7:47 pm
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Post Re: Stimulus Bill
Military spending, military decisions in general, emphasis on free market, economics in general, and the inefficiency of the income tax.

In my mind, Republicans tend to win most military and economic issues, while Democrats pretty much sweep social issues with a few being close (health care and education, both I favor Democratic policy ever so slightly).

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Mon Feb 09, 2009 9:11 pm
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Post Re: Stimulus Bill
Beeblebrox wrote:
Eagle wrote:
You're obviously right, the Republican party is the wrong to Democrats right. Not a single valid thought, not one redeeming quality, and certainly no right to attempt to do their job.


They are wrong, whether the Dems are right or not. At least the Dems are trying to lead, with some valid and not so valid ideas.

Republicans have exactly one economic thought, and that's cutting taxes. When times are great, they want to cut taxes. When times are tough, they want to cut taxes. During peace time, they want to cut taxes. During war, they want to cut taxes. That's not a valid thought. It's not anything resembling a valid idea or theory. It's just stupid.

Please name some of the redeeming qualities of your Republican party. Is it the gay bashing? The immigrant bashing? The war-mongering? The gross hypocrisy on obstructionism, spending, waste, or partisanship? Please enlighten me on your party's redeeming qualities.

And they see their job right now as pure obstructionists, which is certainly their right (a right, incidentally, they tried to ban for Democrats when Republicans were in power). There is no principle whatsoever involved with what they are doing. It is gainsaying and that's all it is.

Here's the RNC chair Michael Steele: "Not in the history of mankind has the government ever created a job."

That sums up the stupidity and mendacity of today's Republicans perfectly.


Did he say that? I guess he is ignoring TVA, The Smithsonian, the National Park Service, WPA, etc. All of those agencies created millions of jobs and some still do.


Mon Feb 09, 2009 9:43 pm
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Post Re: Stimulus Bill
Eagle wrote:
Military spending


More + more + more $$$ is the right thing to do with the military spending? Are you insane? We already spend more than every other country in the world combined. And when anyone tries to reduce the spending AT ALL, Republicans accuse them of wanting terrorists to attack America.

And what's right about putting that $12 billion on a plane and sending it to Iraq? That's NOT waste? And that's just ONE incident. And not only did Republicans NOT fight against waste, if you opposed one red penny that they asked for, you were a terrorist-loving commie traitor.

And yet they're using waste as an excuse to oppose the stimulus.

Quote:
military decisions in general


Um. Iraq. Republicans are responsible for the single greatest and most expensive military blunder since Vietnam. Now, that's not to say Dems are right on military issues, I'll give you that one, but Republicans are dangerously, disasterously wrong.

Oh, and there's the little issue of FUCKING TORTURE. Yeah, turning America into a war crime state. Great idea, fucktards.

Quote:
emphasis on free market


HAHAHAHAHAHAHAHAHA. This would be the free market Republicans that just nationalized almost the entire investment banking industry? HAHAHAHAHAHAHAHAHAHA.

Republicans are for whatever is good for BIG BUSINESS. That is NOT the same as being for a free market.

Quote:
economics in general.


You. Have. Got. To. Be. Kidding.

I will simply repost what I already wrote about Republicans and their "idea" about the economy:

Republicans have exactly one economic thought, and that's cutting taxes. When times are great, they want to cut taxes. When times are tough, they want to cut taxes. During peace time, they want to cut taxes. During war, they want to cut taxes. That's not a valid thought. It's not anything resembling a valid idea or theory. It's just stupid.

This idea is based on SUPPLY-SIDE theory, which is like basing NASA on the theory that gravity repels things. And that's what Republicans believe, and they are fucking idiots.

But really, even that's somewhat of a smoke screen, since the bottom line is that the only thing they really support consistently is tax cuts.


Last edited by Beeblebrox on Mon Feb 09, 2009 10:45 pm, edited 2 times in total.



Mon Feb 09, 2009 9:58 pm
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Post Re: Stimulus Bill
Jedi Master Carr wrote:
Did he say that? I guess he is ignoring TVA, The Smithsonian, the National Park Service, WPA, etc. All of those agencies created millions of jobs and some still do.


Ignoring reality is a hallmark of today's Republican party. How else can he make such an absurd claim? It's the same way Eagle argue with a straight face that Republicans are right about their economic and military policies despite the overwhelming evidence and track record to the contrary.


Mon Feb 09, 2009 10:06 pm
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Post Re: Stimulus Bill
I dislike Beeble for his smug nature but feck I have to agree with him here, especially the military decisions in general bit.

In the 90s they destroyed USA soft power by opposing Clinton's foreign policy at every turn and when they got power they embarked on the only type of war the USA could not fight the guerrilla war.

Eagle no offense man but you seem to know feck all about military logic and tactics.

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Mon Feb 09, 2009 10:08 pm
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Post Re: Stimulus Bill
Really, Eagle? You serious? Have you thought this out or are you just buying into past history -- like say 20 years ago?

Eagle wrote:
Military spending


Do you realize how much money has just disappeared in the middle east? Like we don't know where it went and no one can account for it? Do you realize how much we've spent on Halliburton when our armies used to provide their own services? My god, talk about wasteful spending...

Eagle wrote:
military decisions in general


Like lying about WMD and starting a pre-emptive war that was supposed to be over in weeks and result in us being covered in flowers by grateful Iraqis? They were absolutely wrong about what would happen, weren't they?

Eagle wrote:
emphasis on free market, economics in general


While I too support a free market, it has to be a regulated one, and their elimination of regulations is what has led us to our current depression.

Eagle wrote:
and the inefficiency of the income tax.


Well, I have a philosophical difference with you there on that one, but I can understand why someone who thinks the income tax is bad would vote for the GOP -- but when you balance it against all the other mistakes they currently stand for, seriously...

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Mon Feb 09, 2009 10:31 pm
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Post Re: Stimulus Bill
Groucho wrote:
Really, Eagle? You serious? Have you thought this out or are you just buying into past history -- like say 20 years ago?


The collective amnesia of Republicans regarding the last 8 years is nothing short of a medical miracle. And I can't really blame them. Would you want to be even remotely accountable for the Bush presidency?


Mon Feb 09, 2009 10:54 pm
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