Posted on 10/13/2008 1:26:03 PM PDT by Glenn
WASHINGTON (CNN) -- House Republicans on Monday objected to new spending measures that congressional Democrats are considering as they draft a $150 billion economic stimulus package.
House Speaker Nancy Pelosi met with Nobel prize winner Joseph Stiglitz and other economic experts Monday.
In a letter to House Speaker Nancy Pelosi, Ohio Rep. John Boehner, the top Republican in the House, called the proposed spending "an irresponsible, business-as-usual approach that has earned this Congress the lowest approval ratings ever recorded."
A Democratic leadership aide said the stimulus package Democrats were drafting would include "a heavy emphasis on help to state and local governments,"
But in their letter to Pelosi, Boehner wrote, "nothing currently being discussed by the majority as 'stimulus' will stabilize the economy long-term."
"Nothing being discussed will ease the uncompetitive nature of our nation's tax rates. Nothing being discussed will bring a single dollar of private capital into our markets, which would help stabilize and restore American families' savings and retirement accounts. And nothing being discussed will help small businesses compete and thrive," Boehner wrote.
(Excerpt) Read more at cnn.com ...
House Republicans = Conservative member who opposed Bailout?
Pelosi successfully neutered Boehner long ago.
GOP leadership has much to be desired.
Sad when a WOMAN is BY FAR the toughest Republican.
Ya know, it all sounds well and good to have these so-called Nobel Prize winning economists hanging around Congress but the truth of the matter is, they’re only good at theory - most of them have never worked a “real” job for a day in their lives. And what might look good on paper doesn’t mean it actually works well. Long Term Capital Management should have been enough of a demonstration of that.....
“This may be the wrong time to kick up a fuss about a lousy $150 billion. “
When is the right time? After it’s been spent? They have us so conditioned to handing out billions at a time we don’t even blink anymore.
throw in a few extra wooden arrows and boener will cave in just like the other bailout
>>This may be the wrong time to kick up a fuss about a lousy $150 billion
No kidding.
Lessee,
Housing Industry Nationalized - Check.
Insurance Industry Partially Nationalized - Check.
Investment Banking Nationalized - Check.
Automobile Industry Partially Nationalized - Check.
At the rate Bush is going, what will be left if Obama wins and wants to nationalize. The Oil Companies? MicroSoft? Google?
If the Republicans had opposed this kind of spending, when they had control of Congress, they would still have control of Congress.
Why bother? These retreads are just holding out for a better deal. These MSM will tell them they have “no choice” and they’ll just fold. Jack asses.
THAT would take Sarah Palin type Republicans and we don't have any in Congress!
I disagree, I think the GOP in the House has actually done a good job the last two years, considering they have no power whatsoever. One more vote in the house means you don’t need squat from the other party, and Pelosi has more than one vote. Given everything, I think the House GOP has done a pretty good in being the opposition.
Nooooooooooooooo!!!!!!!!1 No more spending!!!! Enough is enough..... good grief they are practically giving houses free to people who over-bought, under qualified or didn’t qualify and now they want to do this! They might as well just tell China to cut a check and mail it to each individual... this is out of hand!!!
150 Billion? This is nothing. Wait until Obama becomes president and Dems control congress. We’ll look back on 150 billion like its pocket change.
Standby for Socialism.
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