Posted on 09/02/2010 5:00:11 PM PDT by Sub-Driver
White House considering emergency economic stimuli
By: Glenn Thrush September 2, 2010 07:04 PM EDT
The Obama administration is mulling a raft of emergency fixes to stimulate the economy before the midterms, including an extension of the research and development tax credit and new infrastructure spending, according to several people familiar with the situation.
Administration officials have been huddling almost continuously during the past week, brainstorming for ideas that would boost employment without hiking the massive federal deficit with Treasury Secretary Tim Geithner rushing to the West Wing for further consultations late Thursday.
The White House press office on Thursday refused to say how much a financial package might be, other than to say it wont be a second stimulus. But the administration will have a tough time selling nearly any package to terrified, Obama-phobic Hill Democrats who increasingly blame the president and his ambitious, expensive legislative agenda for their dismal prospects this November.
The meetings, which had Obama huddling with his economic advisers twice in the last seven days, have yielded no specific proposals. But hes given the team a priority: find ways to pay for as many of the ideas, mostly tax breaks, as possible without a deficit increase, an administration official told POLITICO.
The R-and-D tax cut, which Congressional Democrats have already considered would, for example, be paid for by closing overseas corporate loopholes.
(Excerpt) Read more at politico.com ...
I can't imagine anything they could do that would have a significant effect before Nov 2. And that's a good thing.
the only raft will be to give home owners a direct voucher to pay down mortgages.
The banks have disregarded the law 100%.
I had a BoA rep tell me they did not care about abiding by the requirements for my client. this was their internal policy and there were no penalties for disregarding the law.
In the early 1920’s, with the Russian economy collapsing around him, Lenin introduced his New Economic Policy...he sold it to the Politburo telling them that it was only a temporary return to the market; besides the Party would still control the economy’s ‘commanding heights’of finance and heavy industry.
Oh, please, Marxist Moron, PLEASE try another gimmick.
That’ll work.
For us.
And NEP didn’t last but a few years, after which the severe crackdown, and severe famines, began.
There is nothing they can do between now and November to save their sorry butts. If they think they can hold back the tsunami coming in November, they are sadly mistaken.
He is planning to announce The Final Solution.
Obama is an idiot.
They will call it something else.
Another doomed-to-fail initiative by know-it-all know nothings...
The economy doesn’t need a kick-start, it need a reboot.
Until you make America hospitable to doing business again, we are just wasting money.
Without jobs that actually produce something there is nothing they can do that will help.
That’s right! Try it again. Maybe it will work this time. ...................Oh, yeah, give it a different name this time.
As long as 0bamaCare hangs over business like a sword of Damocles there will be little change in the economy.
So .... let’s get this straight. We should borrow more money, go into deeper debt .... then spend it? That will make the economy better? Wow, if I had only known that, I would have been trying to charge my credit cards up to the max and only pay the minimum payment. Or, better yet, charge up my credit cards to the max and then get more credit cards and transfer the balance to them, then load ‘em up again!
Some of you folks just don’t get it. “Read my lips and hear/heed my words.” POTUS Barack Hussein Obama hates America and wants to destroy our economy, our freedoms, our creativity, our innovation, our history, our laws, our constitution, our individual liberty, the future of our children, our grandchildren and “all” children yet to be born unto this great, magnificent nation. And...so does the Democrat Party!!! The sooner you folks grasp that fact of life, the sooner we can effectively broom the Democrat Party and POTUS Obama down the flushing toilet. Just take a good, hard look at the negative plight of American Black folks under the Obama mantle and....hopefully you will understand that this evil man wants to damage this country, even if his failures hurt his own people drastically!!! It is, what it is, ladies and gentlemen.
“Albert Einstein once said ‘The definition of insanity is doing the same thing over and over again and expecting different results’.”
I keep hoping everyday I wake up that 0 was just a dream.
NO MORE OF THIS.
More “redistribution” of America’s wealth to the unions.
“The Still Gaining Acceptance Plan”
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