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Author: Subject: HOW TO BEAT THE STIMULUS PACKAGE

Peach Extraordinaire





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  posted on 1/30/2009 at 05:49 PM
No doubt Dick's many fans here will enjoy yet another missive from the brilliant political strategist. I'll check in next week to see how you all you keyboard kommandos are faring in this new era of "hope" and "change."

# # #

HOW TO BEAT THE STIMULUS PACKAGE
By DICK MORRIS

The same way Republicans beat it when Bill Clinton proposed a modest $35 billion stimulus in the teeth of the 1992-1993 recession. The GOP nitpicked each spending item and highlighted midnight basketball courts and swimming pools that were funded in the package. Clinton, for his part, didn't really care what the money was being spent on, he wanted to be sure it was spent to give the economy a boost before he cut spending and raised taxes to balance the budget. So, the president accommodated all of the pet projects of Democratic lawmakers. The resulting publicity made the package radioactive.

Republicans should feature each element of the package -- just as they have highlighted the contraception and global warming research -- to show it for the boondoggle that it is.

The package is losing support almost daily. According to Rasmussen, only 42% of Americans now support it. The key is for the Republicans to attack its specific line items to show how overblown it really is.

And it is terribly important to beat, or at least cut back the stimulus legislation. What we allocate in deficit spending and "refundable" tax cuts (i.e. welfare) today we will pay for in inflation tomorrow.

In the seven years between 2000 and 2007, the money supply rose from $600 billion to $800 billion. In 2008, alone, it more than doubled from $800 billion to $1.7 trillion! We cannot sustain this level of increase in the money supply without having way too much money chasing way too few goods and services, sending prices up into double digit inflation. While the economy is in shell shock, at the moment, we face deflation. But once it begins to come back and the dollars come out of hiding, we will find the resulting inflation

 

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Ultimate Peach



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  posted on 1/30/2009 at 05:56 PM
More Right Wing Propaganda from RBK's Favorite TAX DODGER.

 

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Zen Peach



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  posted on 1/30/2009 at 06:03 PM
People are prolly listening to that damn talk radio, when is the fairness doctrine gonna silence those wack jobs?

Losing support, I never heard of such a thing.
How can that be?

 

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Zen Peach



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  posted on 1/30/2009 at 06:33 PM
quote:
No doubt Dick's many fans here will enjoy yet another missive from the brilliant political strategist.
LOL - Who??? You mean Popeye the Sailor man???

[Edited on 1/30/2009 by lolasdeb]

 

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Sublime Peach



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  posted on 1/30/2009 at 07:17 PM
quote:
Republicans should feature each element of the package -- just as they have highlighted the contraception and global warming research -- to show it for the boondoggle that it is.


They would create jobs, the reason for the stimulus.

quote:
And it is terribly important to beat, or at least cut back the stimulus legislation.


Because it would create jobs? Why would anyone be against that? House Repubs voted unanimously against those jobs and opted for some tax cuts as a compromise. And then cried that there wasn't enough compromise. Win back a majority and then start crying about democrats not compromising enough. Geez. Why are Repubs voting against jobs?

quote:
While the economy is in shell shock, at the moment, we face deflation.


Oh really? How long before you think inflation will be a problem, DM? 2016?

OK, seems like Republicans are dead set against infrastructure stimulus and jobs and all for more tax cuts that never worked in expanding jobs in the Bush years. I think the last two elections showed people were pretty fed up with that kind of thinking, but we shall see...

 

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  posted on 1/30/2009 at 08:04 PM
Another thought - the first half installment of the $700 Billion -- the thing we had to implement to avoid certain disaster.... what good did that do ? Where is that $350 Billion ? What benefits did it create ? Where are the new / saved jobs ?

What's everyone's confidence level that the second half of that one or the new stimulus package that is about to be discussed in the Senate is gonna do any good ?

Would like to see someone present to the American people - this is what we are going to spend on each area and identify the associated "anticipated" benefits from each....

Has anyone seen this laid out in any detail any place ?

Everyone is playing politics with this.... Where are the statesmen / stateswomen ?



 

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True Peach



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  posted on 1/30/2009 at 08:17 PM
quote:
Another thought - the first half installment of the $700 Billion -- the thing we had to implement to avoid certain disaster.... what good did that do ? Where is that $350 Billion ? What benefits did it create ? Where are the new / saved jobs ?

What's everyone's confidence level that the second half of that one or the new stimulus package that is about to be discussed in the Senate is gonna do any good ?

Would like to see someone present to the American people - this is what we are going to spend on each area and identify the associated "anticipated" benefits from each....

Has anyone seen this laid out in any detail any place ?

Everyone is playing politics with this.... Where are the statesmen / stateswomen ?






Gee, that would require accountability....

 

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Zen Peach



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  posted on 1/30/2009 at 08:48 PM
Where was all this righteous indignation when the 750 billion dollar bail out was signed by Bush?

 

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  posted on 1/30/2009 at 09:32 PM
quote:
Where was all this righteous indignation when the 750 billion dollar bail out was signed by Bush?


Ok, Ann a lot of us were/are pissed off that the original bailout happened, how about addressing the absolute pork/waste that is not a stimulus but a payback for the election?

Take BUSH out of this argument and tell me what good this load of horse hockey is gonna do for us short of making sure inflation is part of our future.

 

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  posted on 1/30/2009 at 10:09 PM
quote:
Where was all this righteous indignation when the 750 billion dollar bail out was signed by Bush?


Right here in New York. I am questioning the system and not longing for the "good old Bush" days. Much of the crap happened on his watch... He is not the only one with mud on his boots from this mess IMHO .... Where were the Democrats in Congress who professed they were "ready to lead"..... ?

Let's face it -- they all screwed up, played politics and we get to pay for it.

 

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Zen Peach



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  posted on 1/31/2009 at 08:00 AM
Folks, as some of you know, Dick Morris is a documented liar and tax dodger. Why anyone would use him as a source of information is a mystery. Here are some selected lies he has told.

http://mediamatters.org/items/200708150007

http://crooksandliars.com/node/22422

 

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  posted on 1/31/2009 at 09:13 AM
quote:
Has anyone seen this laid out in any detail any place ?



http://cboblog.cbo.gov

I suspect a totally different bill will be passed by the senate. More infrastructure money is my bet, as Republican senators are probably pretty squeamish about facing their constituents as the ones responsible for gutting jobs in favor of tax cuts.

 

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  posted on 1/31/2009 at 04:59 PM
GOP Govs say pass the stimulus...

http://www.msnbc.msn.com/id/28949195/

 

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  posted on 1/31/2009 at 05:39 PM
Pass the stimulus, we will get tax breaks along with that, (less withholding) so we see more money in our paychecks. Bring it on!!!

 

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Maximum Peach



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  posted on 1/31/2009 at 05:43 PM
quote:
Folks, as some of you know, Dick Morris is a documented liar and tax dodger.....


Other notable tax dodgers...Tom Daschle, Timothy Geithner...

 

Zen Peach



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  posted on 1/31/2009 at 06:06 PM
But the article in discussion was written by Morris, not Daschle or Geithner.

 

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  posted on 1/31/2009 at 06:08 PM
Mark the calendar Ann, because...You are correct and I agree completely...
 

Zen Peach



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  posted on 1/31/2009 at 09:40 PM
quote:
quote:
Where was all this righteous indignation when the 750 billion dollar bail out was signed by Bush?


Ok, Ann a lot of us were/are pissed off that the original bailout happened, how about addressing the absolute pork/waste that is not a stimulus but a payback for the election?

Take BUSH out of this argument and tell me what good this load of horse hockey is gonna do for us short of making sure inflation is part of our future.


You won't see much objection from the Left about this bill. They must not really care about what's in it. They don't mind that maybe 20% will do anything to actually create jobs(actually the CBO estimates 15-20% so I'm giving it the benefit of the doubt on the high end)....They don't mind how much it costs. They don't mind that it's being misrepresented as a "stimulus package".......All they seem to care about is the fact that no Republicans voted for it.

This bill should have a pig's hoof print on the signature line. The more I find out about it, the bigger travesty it becomes..I had a feeling this is the way things would be turning out from a fiscal standpoint, and it makes me ill.

BTW, before anybody claims I'm just out to criticize Obama - you're dead wrong. I'd slam the Republicans just as hard if they tried to pass this pork-o-rama.

 

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  posted on 1/31/2009 at 09:48 PM
Okay, why isn't there moaning at the bar over the proposed stimulus package Obama' s come up with.....at least from me? I'll tell you. The 750 billion dollar bailout shoved down our throats was a cruel joke on the working man and it's money wasted as far as I can tell at the present. Yes, there's pork in the new bill but tell me, what's your definition of pork? If there was money in the package to pay for the world's largest aluminum foil ball museum to be built in middle Mississippi and it would put those people to work building it and would bring in tourists, I'm all for it. Some would call it pork....I would call it an off wall street bailout.

 

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Zen Peach



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  posted on 2/1/2009 at 12:00 AM
quote:
quote:
Folks, as some of you know, Dick Morris is a documented liar and tax dodger.....


Other notable tax dodgers...Tom Daschle, Timothy Geithner...


Geithner? Nope. There was no intent on his part..hell, he was doing his own taxes and paid back what he owed. Dick Morris on the other hand is one of the top 100 delinquents and owes almost half a million in back taxes, while being fully aware of what he is doing. Thats slightly different.

All that said, it still doesnt change the fact that Morris is a well known documented liar. I wouldnt believe that guy if he said water was wet.

 

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Zen Peach



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  posted on 2/1/2009 at 12:08 AM
quote:
You won't see much objection from the Left about this bill.


I didnt want it, but what else can they do thats reasonable?

quote:
They must not really care about what's in it.


Sweeping generalization.

quote:
They don't mind that maybe 20% will do anything to actually create jobs(actually the CBO estimates 15-20% so I'm giving it the benefit of the doubt on the high end)....They don't mind how much it costs. They don't mind that it's being misrepresented as a "stimulus package".......All they seem to care about is the fact that no Republicans voted for it.


The issue with the Republicans not vioting for it is directly linked to the fact that Obama gave them everything they asked for in an attempt to be bipartisan...they still wanted more tax cuts and more tax cuts and more tax cuts. They are going to be obstructionist douchebags for the next 4/8 years and thats already becoming apparent.

This bill should have a pig's hoof print on the signature line. The more I find out about it, the bigger travesty it becomes..I had a feeling this is the way things would be turning out from a fiscal standpoint, and it makes me ill.

BTW, before anybody claims I'm just out to criticize Obama - you're dead wrong. I'd slam the Republicans just as hard if they tried to pass this pork-o-rama.

 

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Zen Peach



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  posted on 2/1/2009 at 12:22 AM
http://news.yahoo.com/s/ap/obama_economy

Maybe I'm missing something here but what specifically is in the bill that everyone is so upset over? And why are the republicans so against it when they were so pro the one passed by the last administration?

Instead of someone just saying they're against it or for it, I would like more details please.

 

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  posted on 2/1/2009 at 01:15 AM
Let's say it creates 2 million jobs. Now, that's a LOT of jobs...At $825 billion spent, it comes to $412,500 spent per job created -- and a lot of these will be temporary jobs. Three million jobs created comes to $275,000 per job...That's freaking insane! Please tell me this doesn't make good sense to you.

Where do you get that the Republicans were "pro the one passed by the last administration?" I sure wasn't and, as I recall, the ONLY opposition to it came from the Right.

 

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  posted on 2/1/2009 at 08:21 PM
I'm speaking of republicans on capital hill. People in here have more sense than that.

 

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Peach Extraordinaire



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  posted on 2/2/2009 at 04:39 PM
quote:


Where do you get that the Republicans were "pro the one passed by the last administration?" I sure wasn't and, as I recall, the ONLY opposition to it came from the Right.


You are correct sir. How soon they conveniently forget.

This new stimulus package is merely BarryO and his cabal paying off the special interests that put them in power as well as an attempt to buy off the electorate for time immemorial. There is nothing magnanimous about it. It's entirely a cynical political ploy on the part of democrats and anyone who can't, or won't, acknowledge same is either willfully ignorant or dumb as firewood.

 

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As a patriot and a loyal member of the opposition I pledge to offer our new President the very same benefit of the doubt and unwavering support that the left offered George Bush over the last eight years.

 
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