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Obama renews call for more stimulus
The Washington Times ^ | August 9, 2011 | Stephen Dinan

Posted on 08/09/2011 8:46:14 AM PDT by yoe

Pummeled by ghastly economic news, President Obama called Monday for more spending and extended tax cuts that he said would help stimulate the economy — but these also could deepen the deficit problems that helped the federal government earn its first-ever debt downgrade last week.

The president made the proposals as world stock market indexes were tumbling, and his remarks seemed designed to help the White House regain its political footing by resetting the congressional agenda next month. Mr. Obama said he wants the 2 percent payroll-tax cut extended into next year, the creation of an infrastructure bank by Congress to promote construction, and enhanced unemployment benefits extended for another year.

“If Congress fails to extend the payroll-tax cut and the unemployment-insurance benefits that I’ve called for, it could mean 1 million fewer jobs and half a percent less growth,” the president said from the White House, as stocks were in the midst of deep losses that would register a nearly 635-point drop in the Dow Jones industrial average. “This is something we can do immediately, something we can do as soon as Congress gets back.”

(Excerpt) Read more at washingtontimes.com ...


TOPICS: Breaking News; Business/Economy; Constitution/Conservatism; Politics/Elections
KEYWORDS: 0bamaa; chicongo; economy; infrastructurebank; johnkerry; obama; obamaarigged; obamanomics; oncspan; payrolltaxcut; socialsecurity; stimulus; unemployment; unemploymentbenefits
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(Rules for Radicals - Saul Alinsky - 1971)......"Obama learned his lesson well. I am proud to see that my father's model for organizing is being applied successfully beyond local community organizing to affect the Democratic campaign in 2008. It is a fine tribute to Saul Alinsky as we approach his 100th birthday." --Letter from L. DAVID ALINSKY, son of Neo-Marxist Saul Alinsky
1 posted on 08/09/2011 8:46:20 AM PDT by yoe
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To: yoe

I’m all for more stimulus!!!

Cut cap gains, shutter the epa, keep zero off tv and in the white house...

Oh.. thats not HIS kind of stimulus?


2 posted on 08/09/2011 8:47:33 AM PDT by cableguymn
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To: yoe

Satire?


3 posted on 08/09/2011 8:48:03 AM PDT by Grunthor (Faster than the speed of smell.)
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To: yoe

like the god ol’ says of fdr. /s

so’s the l.a. times today calling for more stimulus.


4 posted on 08/09/2011 8:49:05 AM PDT by ken21 (ruling class dem + rino progressives -- destroying america for 150 years.)
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To: yoe

He’s a One Trick Pony. The trick doesn’t even work. “Dumber than a Box of Rocks” is unkind to rocks.


5 posted on 08/09/2011 8:49:17 AM PDT by norwaypinesavage (Galileo: In science, the authority of a thousand is not worth the humble reasoning of one individual)
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To: norwaypinesavage
Its working fine as far as he's concerned.

Its time everyone acknowledged just what the punk's endgame is.

6 posted on 08/09/2011 8:50:51 AM PDT by skeeter
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To: norwaypinesavage

Wheee! Free money! Where’s mine?


7 posted on 08/09/2011 8:51:53 AM PDT by Pining_4_TX ( The state is the great fiction by which everybody seeks to live at the expense of everybody else. ~)
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To: yoe

Stimulus = Obama and Biden immediately resigning for their incompetence.


8 posted on 08/09/2011 8:53:13 AM PDT by Brett66 (Where government advances, and it advances relentlessly , freedom is imperiled -Janice Rogers Brown)
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To: yoe

In related news, doctors who have been unable to cure AIDS
when applying huge numbers of leeches have renewed their
call for even more leeches, noting that this medical
technique is precisely as effective as economic stimulus.

9 posted on 08/09/2011 8:55:26 AM PDT by Pollster1 (Natural born citizen of the USA, with the birth certificate to prove it)
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To: yoe

I could write this one in my sleep. More jobs will require more stimulus, which requires more spending. Because the Tea Party personally prevented the government from borrowing enough money, taxes will have to go up. The Dems don’t really want to tax and spend, the Tea Party and George Bush are making them do it.


10 posted on 08/09/2011 8:55:35 AM PDT by Billthedrill
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To: yoe

When the only tool in your kit is a hammer all problems look like nails...


11 posted on 08/09/2011 8:55:42 AM PDT by rockrr (Everything is different now...)
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To: yoe

I would like to know how unemployment benefits stimulate the economy?


12 posted on 08/09/2011 8:56:19 AM PDT by RexBeach (Mr. Obama can't count.)
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To: Grunthor

if this had even a prayer of getting through the House they’d be cutting our credit rating to QQQ right now


13 posted on 08/09/2011 8:58:37 AM PDT by Buckeye McFrog
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To: cableguymn

Obama is crashing the United States on purpose.


14 posted on 08/09/2011 9:00:10 AM PDT by Lazamataz (Obama is crashing the United States on purpose.)
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To: yoe

What part of “there is no more money” doesn’t this idiot understand?


15 posted on 08/09/2011 9:01:58 AM PDT by tobyhill (Real Spending Cuts Don't Require Increasing The Debt)
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To: yoe

we dont need a freaking “infrastructure bank”

and we need to CUT unemployment benefits, not extend them!

He still doesn’t get it.


16 posted on 08/09/2011 9:02:50 AM PDT by TexasFreeper2009 (Obama = Epic Fail)
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To: yoe

More spending? He’s insane.


17 posted on 08/09/2011 9:03:09 AM PDT by BuckeyeTexan (Man is not free unless government is limited. ~Ronald Reagan)
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To: RexBeach
It takes tens of thousands of bureaucrats to cut hundreds of thousands of EDD checks. Contractors are required to service the copy machines. IT people to maintain the computers.

How about the USPS mail carriers who deliver the checks to the eagerly awaiting hands of the unemployed.

Then there's plenty of work to be done administering pension programs when those bureacrats retire.

Jobsjobsjobs.

18 posted on 08/09/2011 9:04:07 AM PDT by skeeter
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To: RexBeach
I would like to know how unemployment benefits stimulate the economy?

...sends jobless people scurrying to Walmart to buy cheap goods made in China with money borrowed from them. Bingo! Economy stimulated.
19 posted on 08/09/2011 9:04:18 AM PDT by Deo volente (God willing, America will survive this Obamination.)
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To: yoe

A one trick pony, and the trick isn’t good.


20 posted on 08/09/2011 9:04:56 AM PDT by Republic of Texas (Socialism Always Fails)
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