Posted on 01/05/2009 2:46:23 AM PST by careyb
Lowering expectations for quick passage of an economic stimulus bill, Senate Majority Leader Harry M. Reid rejected setting "some false deadline" for delivering legislation to President-elect Barack Obama in favor of a more deliberate approach that allows Congress to get the package right "the first time."
Congressional leaders had hoped to hand Obama an economic assistance package immediately after he is sworn in Jan. 20, but that looks increasingly doubtful as the legislation grows in complexity and size. In separate interviews this morning, Reid (Nev.) and House Majority Leader Steny H. Hoyer (D-Md.) said the process could take six more weeks.
Obama officials are advocating that Congress direct about $300 billion of the stimulus package, or about 40 percent, toward tax breaks. Under these provisions, most workers would get a $500 payroll tax credit, as Obama advocated on the campaign trail, and many businesses would receive incentives to create jobs and make equipment purchases more affordable.
(Excerpt) Read more at washingtonpost.com ...
Oh, wait... They actually did that in October didn't they?
But iz they gonna pay my rent and car payment like Obama done said he wood? Countrywide and GMAC be callin’ me all da time, and I telled them that Prezedint Obama done promised us he wood be a payin’ are bills and $#!+, sos I quit payin’ ‘em in November... What be da holdup,
mo+#@^<:(@*s??!
I
WANT
MY
UNICORN
NOW!!!!!!!!!!!!!!!!!!!!!!!!!!
The first two words of this article are becoming the slogan for the incoming administration.
‘Hope and Change’ have been replaced with ‘Lowering Expectations’.
Congratulations, America, you elected a fraud.
Bush’s fault no doubt.
Yeah. Congress to appropriate several hundred BILLIONs of dollars for a bridge to no where.
**iz they gonna pay my rent and car payment**
Yes, they will, through the EITC.
Typical that the Democrats are talking about a 10 cent gasoline tax at the same time they are talking about tax cuts and a stimulus package for the taxpayers.
Do they have any idea at all as to what makes the economy really work?
But they did manage to get their $4700 raise in there, didn’t they? Bums!
No, but in their worldview, it works like this:
Someone really smart sits at the top looking down on the economy and makes decisions about production and distribution. Now, whether that person is looking out for big business and the rich, or looking out for the poor little guy is the matter that requires the most [electoral] effort.
Seems like all he is doing is coming to the awareness that he has Mitch McConnell to deal with..
“Under these provisions, most workers would get a $500 payroll tax credit, as Obama advocated on the campaign trail,..”
The grey panthers and the various welfare leeches wont like that one. They want checks in the mail, not credits on taxes they will never pay.
They don’t have the votes to pass it right now. Probably all Republicans opposed and quite a few Democrats who are staying on the sidelines until the pot is sweetened enough for them.
“Obama officials are advocating that Congress direct about $300 billion of the stimulus package, or about 40 percent, toward tax breaks.”
Wow. they are a whole 40% of the way there towards a semi-reasonable policy. Never mind that these are the worst kinds of tax breaks, instead of tax rate reductions they are giveaways - at least they are giving it to people to spend, instead of politicians.
Keep the tax cuts and jettison the hundreds of billions in spending, and they might actually have something that wont be a tragic waste of money.
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