Posted by
OldRelayer on Saturday, February 07, 2009 9:15:37 AM
Now if they had trashed 800 billion and kept 100 Billion that would have been a better deal for us.
Susan Collins is the worst Senator, if she wants to be a Democrat she should just change her party affiliation. While Debate was going on on the floor Collins was back door dealing. She isn't a leader such as a minority Whip or minority leader, she really can not speak for republicans, especially when she isn't really one her self. 800 Billion or 900 Billion, it is still a horrible waste of money and opportunity. With the backing of Senator Snow and Senator Spector, the Dems have what they want, a few Republican votes. Mean while on the Senate floor McCain, Coburn and Graham were fighting the good fight, trying as hard as they could to get some of this spending out of the bill. McCain said something very interesting and very true. Just because they are able to pick off 2 or 3 or 4 republicans doesn't make it a bipartisan bill, it only means out of almost 600 they got a very few votes. This was a political statement to of course the public, the Obama administration and most of all to his Republican collegues both in the House and the Senate. We have gone over why bipartisanship is so important to both sides. Even with those few votes the Dems will be hitting hard during the next campaign that it was bipartisan, of course this package will do little to stimulate the economy and will fail and they have to spread the blame. Thanks Senator Collins for giving them the amunition, although it be very little, because make no mistake this bill was going to pass with or without republican support. As far as I can tell the final vote will be on Tuesday and Wednesday you will see the Stock market drop like a rock.
This whole package and debate is so stupid. It would be so easy to stimulate new jobs with hardly any money spent. Two simple things and maybe even one. Cut the maximum business tax from 35% (the second largest in the world) to 25%(more in line with other countries). This will create millions and millions of jobs, you will see the stock market start to rebound immediately, I guess this is too simple and doesn't fit the paradym. If you really want to spend some money, but sorry Dems very little. Use 50 Billion or so for low interest loans for small busnesses, those under 500 employees. This would allow businesses to invest in capital equipment and other good uses. Most of this money would be repaid within 5 years. You could also add a very small but permanent tax cut for the American family. Why did the stimulus package not work last year, people knew it was a one shot thing. But put $25 or $50 back into their pocket every week and see how consumer spending comes back. Again, just to easy and it doesn't spend enough money for congress, they have to feel like they have done something by spending the maximum amount of money.
This whole thing is depressing.