[markomalley]

I surely don't see how any of that pork is going to stimulate anybody other than Obama's buddies. And once Congress marks the bill up (i.e., adds earmarks), well, that will resemble stimulus not at all.

Lord have mercy.

[AmericanVictory]

Just think of all that Ci-cago style patronage.

Why the whole purpose is to make your pals rich off of the taxpayer.

Screw an entrepreneurial economy.

We got Ci-cago.

That sound you hear is Cyrus McCormick whirling in his grave.

[NoControllingLegalAuthority]

Obama is going to build roads and bridges and digital lines that "feed our commerce."

What commerce?

These public works pork projects will be robbing the money of productive people and businesses so that no commerce can take place as it will be choked to death by taxes and dire shortages of invested capital.

It's truly bridges, roads and digital lines being built to nowhere.

It's like building libraries for a nation becoming more and more illiterate - a total waste of time and money.

[OBXWanderer]

We will restore science to its rightful place, and wield technology’s wonders to raise health care’s quality and lower its cost. We will harness the sun and the winds and the soil to fuel our cars and run our factories. And we will transform our schools and colleges and universities to meet the demands of a new age. All this we can do. And all this we will do.”

Yo, BO, much more important, you got a hoop set up in da Oval yet? And BO, I found out the other day that dirt thing of yours in the fuel tank didn't work out too good.

[Bernard]

There is very little private sector in the new president’s plan. Is it possible that his advisors think that government employees can pay enough taxes to cover each other’s payroll cost, or is this just more runaway deficits? Either way, that is not a path to growth, just the illusion of improvement.

[LifeComesFirst]

Treat anything on Money Morning with great skepticism. I saw a very amateurish and phony article perpetuating the lie that deregulation of the financial sector led to the current recession. It was basically a list of minor deregulations over the past several decades, without really drawing a sound cause-and-effect chain of reasoning from the deregulations to the current recession. It also ignored that the financial sector of the economy has become way, WAY more regulated over the past several decades, not less.

[ari-freedom]

[sergeantdave]

The obama boondoggle begins - the financial rape of taxpayers to pay off teachers, unions and bureaucrats.

You’ll see working people and small businesses drowning in debt, while welfare bums, thieving bureaucrats and union thugs will see a rising standard of living.

This is class warfare - the state versus the citizens.

The US will look like Michigan.

[Son House]

93% employment, a golden opportunity, tax cuts work, economic stimulus bills don’t work, bail-outs don’t work, you fail, it’s the social engineering and class warfare you hide under the rhetoric, Mr. Øbama

[LegendHasIt]

Do these guys actually get paid for writing this crap?

I mean, I expect this kind of ignorance from the NYT and most of the MSM, but from a publication that pretends to be a business/financial specialty publications??????

[chainsaw]

I believe his presidency will end up as the oath of the president of the US did. He flubbed up.

He has no experience to be president. He has no ideas of his own, and has instead hired all clinton retreads he hopes will be able to show im the ropes. The non clinton retreads are all mosters from chicago. God help America.

[olezip]

“Look, is this an embarrassment for him? Yes. He said so himself. But it was an innocent mistake,” Obama said when the tax troubles surfaced a week ago. “My expectation is that Tim Geithner will be confirmed.”

I would question the assertion that Geithner made an "innocent mistake." The tax implications (advantages/disadvantages) associated with international work are a major consideration by applicants. Applicants are well informed because it is a major factor in their decision making.

Perhaps, Obama simply does not consider that oversight very important because he wants Geithner in place. Besides, laws are not for the elite, just for Republicans and the rest of us, IMO.

[6SJ7]

“There’s going to be a very different level of rigor in the evaluation of institutions,” Summers said. “The institutions that are healthy and don’t need [the money] to survive are going to be expected to lend.”

Translation: We're going to destroy the few remaining solvent banks as part of the "greater good".

[Sir Francis Dashwood]