Maybe some of the porkulus bill won’t be accepted by some governors. I truly doubt it, but it would be in their best interest to turn down the parts that have strings attached, or force the state to match funds. I would.
GOP Governors Now Faced with Hot Potato
The stimulus bill has been signed into law. Every Republican in the U.S. House opposed it, and all but three (Specter, Snowe, and Collins) opposed it in the Senate. For the most part, Republicans stood united in opposing a bill that is clearly the biggest move toward socialism in the history of the country. Rather than cutting taxes and letting each American decide how to “stimulate” the economy, Obama and friends said, “Government knows best, and here’s how we’re going to do it.”
So what happens next? What happens if you are a GOP governor? You stand to receive billions from the bill, yet you philosophically oppose the entire plan. If you don’t believe in big government solutions, do you still accept big government funds? That is the question.
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By Bob Weir
We’ve all been inundated with opinions, from both sides of the political aisle, about the $780 billion Stimulus Bill. President Obama signed the huge package into law this week, promising that it will turn the ailing economy around. Republicans in the House voted against the bill, but didn’t have enough clout to keep it from being passed and sent to the Senate. Three Senate Republicans voted for it, providing just enough votes to keep it from being filibustered.
Okay, now that the political process has ushered the bill into law, it remains to be seen if it will in fact revitalize the economy and ease frozen credit markets. In order to get this legislation passed, Obama and his colleagues in the House and Senate, constantly predicted that Armageddon was our fate unless the government opened up the Treasury and sprinkled cash across the land, which will kick start the economy.
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‘A Paranoid Nation’: Daily Bad News
I promise this is the last time I will refer to my new book, “Paranoid Nation.” But not in my wildest dreams could there have been a more fitting title or theme to reflect the onslaught of insanity we’re bombarded with these days in media. Policy overkill is ruling the times.
For starters, look at the banks. They got hoards of bailout money, but lending hasn’t increased. And now that there are restrictions on the use of the funds and the salaries of their executives, many of those same institutions say they won’t need a second round of bailout money after all!
Plus, the markets were spooked by the dearth of details provided by the new Treasury secretary on how that second round of aid to financial institutions would work.
Truth, Lies and In Between 