Oh My …. $850 Billion Dollars
I was not going to post but Drudge and HotAir have featured it and it really is worth the watch. This is my own recording so it should play well. The Democrats have finally introduced “Son of Bailout”. That prompted this response from House Minority Leader John Boehner (R) Ohio, “Oh my God”. From “Live Desk” on Fox News … just before 3PM …
What did he see? Ummm … read for yourself.
At $825 billion, the legislation would be one of the largest bills ever to move through Congress, and by traditional standards, lawmakers were moving with unusual speed. Pelosi and Sen. Harry Reid, D-Nev., the Senate Majority Leader, have pledged to have it ready for Obama’s signature by mid-February.
The measure calls for $87 billion to help the states meet the rising cost of providing health care for the poor in the recession, and another $39 billion to subsidize coverage by out-of-work wage-earners who cannot afford the cost of their employer-covered health care.
More than $100 billion is ticketed for education, including money for school districts to shield them from the effects of state cutbacks in services. Democrats also provided tens of billions in spending and tax breaks designed to lessen the nation’s dependence on oil as a principal source of energy.
No wait … the Democrats forgot one thing … you.
The measure does not include money to help middle- to upper-income taxpayers ensnared in the alternative minimum tax, which was originally designed to prevent the extremely wealthy from avoiding payment of taxes but now threatens more than 20 million tax filers. Several officials said the Senate was likely to include that provision in its version of the bill, a step that could push the overall total close to $900 billion.
Since our economy is stimulated by us consumers, then the $850 Billion should be equally divided, with every citizen of the USA getting a share.
wait a second, this is in addition to the first TARP??? Nice…. Buy gold now!!
Stimulus my foot.
For all the good this will do, maybe they would be better off funding Hustler and Girls Gone Wild productions, both of which have asked for bailout assistance.
Since some ladies may see these two companies are providing recreational opportunities for men, please note that such assistance would ensure employment of women during this difficult time in our economy.
I am sure consensus could be reached to add funding for recreational activities of your preference as well.