Bush, Democrats differ on stimulus

Source: AP

President favors tax cuts and opposes 'spending projects.' Frank says he wants aid for those hardest hit.

President Bush said Saturday "the kind of spending projects that would have little immediate impact on our economy" should not be part of any stimulus package, setting the stage for a possible clash with Democrats.

Bush and the Democratic-controlled Congress are emphasizing their desire to work together as they rush negotiations on a short-term measure to prevent the economy from falling into recession. But while there is broad agreement that one-time tax rebates for consumers will be part of the package, there are different priorities at work for the rest of the measure.

(snip)
Rep. Barney Frank, D-Mass., speaking for the Democrats in their own radio address, said any stimulus package needs to help Americans hardest hit by the weakened economy. He said Democrats want to work with the president and congressional Republicans on a plan that includes tax rebates for most Americans, as well as one-time increases in some programs.

"Economists agree that middle- and working-class people are likely to spend that money in a way that will effectively stimulate the economy and create jobs," Frank said.

Read more: http://money.cnn.com/2008/01/19/news/economy/bc.economy.stimulus.ap/index.htm?section=money_latest

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Congressman Barney Frank Delivers the Democratic Radio Address

http://www.dnc.org/a/2008/01/congressman_bar_1.php

Stupid Dems... all they need to do is renew Dumbya's tax breaks for the rich!



(edited for the right cartoon!)

I don't think I would be calling dems stupid here if I were you. :popcorn:

"Dumbya's tax breaks for the rich"....

I guess I have to be sure to add the :sarcasm: for some people.

to have the crumbs fall off their tables.

idea is gonna fly. Hell, it's been going strong since Regan, and it was never worked and never will.

"The Middle Class Job Protection Act".

It's primary feature? A 25% cut in corporate taxes.

Trickle-down BS that never works so they have to give a misleading name. These assholes are so damn self-serving. Fucking pukes.

most people only hear the name of the proposal and then the Dems get hell for rejecting such a good sounding bill.

Paragraph one should require the destruction of W's credit
card. He is not only sending these same grandchildren
off to fight an idiotic war but has arranged it so
those who do not pay with their lives will pay for it
during their lifetimes and those of their children.
Once again Nancy, put impeachment back on the table or
get the hell out of the way.

and SHE is going to decide what is right and wrong. And, not some nobody blogger on some website.
:sarcasm:

When she made that remark about her being the "leader" I thought about it and decided, no Nancy you are not a leader at all, Bush is a leader ... damn the torpedoes full speed ahead, and almost 500 "leaders" in congress and particularly the Democrats can eat his sodden shorts. We needed a leader and instead we got you, and so far you are doing a BADDD job of representing Democrats and women.

I have only three words. "Talkin' ain't doin'"

Pelosi and Reid have to be replaced; they have let us down big time. I still like Russ Feingold as Senate Leader - he will fight for us, and he's smart as hell.

the price of gas by about a $1.00. Then the price of everything else would start to drop. Am I just stupid or what?

That $1 per gallon would have to come from somewhere. Either they would have to raise everyone's taxes to make up for that $1, meaning you'll be paying the same anyway...
or they could use the money they are spending somewhere else, like the Iraq War funds, but that's another issue

and ending up with a repaired infrastructure and jobs for those workers, he's going to throw it all into a temporary tax-loan that will go straight into the pockets of Citibank, Capitol One, MBNA, etc. to bail them out from the subprime mess and give the execs another bonus. There's a reason FDR ran make-work programs during the Great Depression...

Yes, it will take some time for spending increases to stimulate the economy... but the effects of tax cuts, which only stimulate the economy when they increase spending, are hardly any faster. Indeed, as far as demand stimulation goes the effects of a tax cut are likely to be weaker, because some of the money taxpayers keep will be saved instead of spent.

This debate is not really a reflection of a disagreement about the most effective way to stimulate the economy, but rather one about class: should we help the rich or the not-rich?

Naturally, the Republicans side with the wealthy, who need the benefits least.

they should concentrate on fixing the shit that is really wrong - like jobs being shipped off overseas and ordinary folks' wages stagnating while CEOs make billions