Check out this great article by CNBC host Lawrence Kudlow on the train wreck that is the stimulus package that passed the House of Reps. and which continues to be pushed by President Barrack "I Won" Obama. As Kudlow points out, even Clinton economist Alice Rivlin inveighed against the trillion+ dollar monstrosity that Pelosi and friends passed with glee.
Call your Senators and Representative and demand that they hit the brakes on the stimulus package. (202) 224-3121
Friday, January 30, 2009
CNBC's Lawrence Kudlow says Shelve the Stimulus - No Stimulus Package Blog
A 40-Year Wish List - No Stimulus Package Blog
Check out this great Wall Street Journal article on President Obama's proposed "stimulus" plan. Again, if Dems would cut the pork (or even most of it), they have a much better chance of winning GOP votes. Check out some of the "stimulus" that passed the House vote:
- Less than $30 billion for highway improvements
- $600,000,000 for the federal government to buy new cars (not for you and me)
- $325,000,000 for STD prevention
- $150,000,000 to insure farmers against honeybee damage
- $81,000,000,000 for Medicaid
- $36,000,000,000 for unemployment benefits
- $20,000,000,000 for food stamps
- $1,000,000,000+ for the Department of Health and Human Services to study alternative medical treatments
Again, this is supposed to be a STIMULUS package. Perhaps most if not all of the money should go to jobs creation and incentivizing businesses and individuals to start spending again?!?
Call your Senators and Representative and tell them to vote NO on the current "stimulus" plan. (202) 224-3121
Thursday, January 29, 2009
Harvard Economist Decries Stimulus Package - No Stimulus Package Blog
Check out this great editorial in today's Washington Post from Harvard professor Martin Feldstein. As he highlights, the current "stimulus" package is laden with projects that will likely take years to get off the ground and includes entitlements that will be extraordinarily difficult to rescind.
Call your Senators and Representative and tell them to vote NO on the final version of President Obama's stimulus plan. (202) 224-3121
House Passes Obama Plan Without a Single GOP Vote - No Stimulus Package Blog
Yesterday the U.S. House of Representatives passed President Obama's $800,000,000,000+ "stimulus" package without a single Republican vote. In fact, as one GOPer quipped, the only bipartisanship was in opposition to the bill which Democratic Rep. Frank Kratovil bluntly derided as "wasteful spending."
Of course, as Obama aides have noted, the real test will come when the bill leaves conference and comes up for a final Congressional vote. Call your Senators and Representative today and demand that they vote NO on the final version of this "stimulus" package. (202) 224-3121
Wednesday, January 28, 2009
House GOP Leaders Offer Yet Another Alternative to Obama Stimulus Plan - No Stimulus Package Blog
As Minnesota Congresswoman Michelle Bachmann blogs about here, House Republicans Dave Camp and Eric Cantor have put forth their own stimulus plan, which will dramatically reduce taxes for the lowest income brackets and include a big tax deduction for small businesses--employers of nearly half of all working Americans.
Check out the House GOP plan and call your Senators and Representative and demand that they truly stimulate the economy, not bury future generations under reprehensible debt. (202) 224-3121
Citi Grows a Brain and Cancels Private Plane - No Stimulus Package Blog
Citi has ditched their plan to purchase a $50 million luxury jet with money from hard-working Americans. That's a good thing. But how does the government plan to regulate the tens of thousands of other recipients of our largesse?
Call your Senators and Representative and tell them to vote NO on the current "stimulus" package. (202) 224-3121
Republicans Offer Alternative Stimulus Plan - No Stimulus Package Blog
GOP leaders are offering a sensible alternative to Speaker Pelosi, Majority Leader Reid and President Obama's "stimulus" package. As reported here, the Republican proposal would jumpstart the economy through major tax cuts and tax credits, including raising the child tax credit from $1000 to $5000. This combination of tax cuts and tax incentives is based on the tried and true notion that freeing businesses to grow and hire and allowing folks to keep more of their hard-earned money, will do more to stimulate economic growth than any amount of government spending.
It worked for Kennedy and Reagan and it can work for us. Call your Senators and Representative and demand that they vote NO on the current "stimulus" package and take a long look at the GOP alternative. (202) 224-3121
Economists Respond to "Stimulus" Package - No Stimulus Package Blog
Check out this advertisement featuring many economists' response to President Obama's $850,000,000,000 stimulus package. FYI, Keynesian economic theory asserts that government spending will induce private sector growth. As the CATO Institute ad relates, this terrible economic idea put into action failed to bail out the U.S. during the Great Depression and Japan during the 1990s.
Call your Senators and Representative and tell them to vote NO on the second "stimulus" package. (202) 224-3121
Tuesday, January 27, 2009
Hooray for Hollywood -- Studios to Get Share of the Bailout Pie - No Stimulus Package Blog
National Journal is reporting that even Hollywood film studios are lining up for their own dose of federal largesse via massive and previously unavailable tax breaks. In the words of the GOP aide quoted at the end of the article, "President Obama said that he didn't want the stimulus bill to turn into a Christmas tree. Well, Christmas has come early for Hollywood."
Stimulus Package to Throw Two Billion Dollars at HHS - No Stimulus Package Blog
As reported here, the second "stimulus" package is slated to include nearly $2,000,000,000 for the Department of Health and Human Services to compare a variety of medical treatments and establish best practices. Can somebody please tell me what in the wide, wide, wide world of sports this has to do with digging our nation out of the worst financial crisis since the Great Depression?!?
Why not throw a billion or two at the Department of Transportation to study better road design? Or how about dumping a few hundred million hard-earned taxpayer dollars on the Department of Labor to study optimal lunch break strategy?
Call your Senators and Representative today and demand that they vote NO on the second "stimulus" package. (202) 224-3121
Update: CBO Reports that Just $216 Billion of Bailout to Be Allocated by 2011 - No Stimulus Package Blog
Update: According to the CBO blog linked below, just $216 billion of the $825 billion package proposed by President Obama will be allocated by the end of 2010. Obviously this estimate is much higher than the $26 billion estimate which spread quickly online.
Of course, this allocation doesn't equate to actual government spending in the next two years, especially considering the lengthy government contract bidding process and the organizational inefficiencies commensurate with massive increases in funding--a reality specifically mentioned by the CBO Director.
Dems to Drop Birth Control from Stimulus Package - No Stimulus Package Blog
As reported here, Democratic Congressional leaders have dropped hundreds of millions in new federal contraceptive funding from the second "stimulus" package. Of course, the current package still includes hundreds of millions for federal employees to acquire alternative fuel cars, nearly 300 million for State Department computers and other utterly shameful purchases to be planted firmly on the back of generations of hard-working taxpayers.
Call your Senator and Rep. and tell them to vote NO on the second "stimulus" package. (202) 224-3121
Monday, January 26, 2009
Economic Stimulus or Just More Pork? - No Stimulus Package Blog
As the San Francisco Chronicle reports, check out just a few ways that President Obama and our Congress want to stimulate the economy...
1) $400,000,000 for climate change research
2) $600,000,000 for alternative fuel cars for government workers
3) $2,500,000,000 to upgrade low-income housing
Call your Senator or Rep. and tell them to vote NO on the second "stimulus" plan. (202) 224-3121
Stimulus Package Working Like a Charm...Citi Buys $50 Million Jet with Our Money - No Stimulus Package Blog
As the New York Post reports, Citi brilliantly spent $50 million of our money on a shiny new jet.
Call your Senator or Rep. and tell them to vote NO on the new "stimulus" plan. (202) 224-3121
Stimulate the Economy Now...Did We Say Now?
Check out this great Wall Street Journal article on just how much of President Obama's proposed $850,000,000 stimulus package will spent by 2010.
Call your Senator or Rep. and tell them to vote NO on the new "stimulus" plan. (202) 224-3121
Welcome to No Stimulus - No Stimulus Blog
Greetings. Subscribe to this blog to receive daily updates on the case against President Obama's new $850,000,000,000 government "stimulus" plan.
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Again, why not suspend payroll taxes and offer tax incentives to banks and private citizens, rather than swell the national deficit by nearly $1,000,000,000,000 and plunge headlong into the semi-socialism that has crippled economic growth in the UK and elsewhere?
http://cboblog.cbo.gov/?p=199