I am doubtful that anyone on Obama's economy team knows what is going on. I think if they did, they would see the benefits of taking the time to explain to the American People what is going on, so we could all understand what is being attempted. Perhaps Obama himself would take a pause in the 'bold course for dire times' as USA Today called his plans, to figure out again what exactly we are propping up or building or hoping to create with this plan. Stop with the cool, calm, and collected, Panic. It sounds to me you are saying... Quick, Quick Americans! It all might collapse unless we pass this mish mosh of possibly beneficial projects, but who really knows, none of which are going to inspire you much, but Hey! We must do something so let's throw a bunch of money against the Wall and see what sticks. To further prove to you the efficacy of this project I myself will tell you, we are not just throwing a bunch of money at the wall. How many times in the course of your term will you have to push an $820 Billion dollar project through congress? Shouldn't it be proudly thought out and be able to inspire America?
Is it possible that one year from now 2 years from now we will all look back and say Wow I wish we had that one to do over again. That was our money. Damn.
So far the broad outlines seem to change every day, all I know is I don't know much ...
"Our economy could fall $1 trillion short of its full capacity, which translates into more than $12,000 in lost income for a family of four. And we could lose a generation of potential, as more young Americans are forced to forgo college dreams or the chance to train for the jobs of the future," Obama said in a five-minute address that the White House released early Saturday.
"In short, if we do not act boldly and swiftly, a bad situation could become dramatically worse."
Hail Obama, God Bless him, etc. etc. .... It seems like we are getting this rush from our wonderful, 'fully transparent government' President to get behind this project ... it reminds me of Weapons of Mass Destruction. Lord forgive me, how dare I? ...and yet I still have Hope. I think Obama is just in too big a rush. What are we getting behind and why not think about asking people who disagree with you to give input at your table?
There is no real solid plan yet. So why this rush? Are there enough 'Bobbleheads in bubble land' as some writer who coined the phrase described us that if you all in Washington DC appear as if that you know what you are doing.... With a flourish of the pen and all the brand new leaders of this country standing around the table there for the photo op. Click! Then America goes back to being normal. We can go back to making and spending money. I don't think that's going to work. Only something deeply real and fully transparent as in:
We see the plan. We understand the plan. Let's go ... will do.
A day earlier, he invited Democratic and Republican leaders to the White House to hear their ideas on the economy, yet Obama didn't share the plan's specifics while they visited.
Many of the goals in the speech and report were familiar from Obama's two-year campaign, like shifting to electronic medical records and investing in preventive health care. Other parts added specifics.
Obama's recovery package aims to:
- Double within three years the amount of energy that could be produced from renewable resources, an ambitious goal given the 30 years it took to reach current levels. Advisers say that could power 6 million households.
- Upgrade 10,000 schools and improve learning for about 5 million students.
- Save $2 billion a year by making federal buildings energy efficient.
- Triple the number of undergraduate and graduate fellowships in science.
Those two quotes above are from MSNBC from January 24, 2009
From the Washington Post January 24, 2009 :
House Majority Leader Steny H. Hoyer (D-Md.) said the goals outlined
yesterday "will serve as a benchmark of progress to ensure accountability."
I don't know how these end goals as noted above 'ensure' accountability of the measure in the present. We don't just vote on something and then you explain what we voted on.
' Among the other major goals are laying more than 3,000 miles of electric transmission lines;??Is this high speed Internet? Where are the details? installing 40 million "smart" utility meters, which help control energy use Do we know what we are getting with 'Smart' meters?, in U.S. homes; and weatherizing at least 2 million homes and 75 percent of federal buildings.OK I guess that costs billions Major infrastructure investments include enhancing security at 90 major ports and modernizing the nation's water system by launching 1,300 wastewater projects, 380 drinking-water projects, and 1,000 rural water and sewer system projects. ' Has anyone required an EIR report on all these projects? It sounds benign but maybe they are big projects that aren't really needed? Who knows? If there is someone out there who knows where Americans get any details of this plan let me know.
Do we ignore people just because they are Republicans?
From the Washington Post again:
Boehner spokeswoman Antonia Ferrier described the White House proposal as "just another unfocused, runaway bill loaded with slow and wasteful Washington spending on every conceivable goal."
Boehner criticized some spending proposals in the House Democratic plan, including $6 billion for colleges and universities, many of which have large endowments, and $50 million for the National Endowment for the Arts. "All told, the plan would spend a whopping $275,000 in taxpayer dollars for every new job it aims to create, saddling each and every household with $6,700 in additional debt," he said.
I was wondering if any one knew when it was that is became OK for Banks to loan more money than they have assets to cover? Can someone tell me the year or during whose administration, or has it always been OK for that too happen? As someone pointed out to me today though I can't say I am surprised. You know they are still doing it. It being the same stuff that brought, almost brought down Wall Street. You mean gambling with other people's money? They are still doing it? Of course they are, that's Wall Street, that's what they do.
The White House can respond. An interview with Obama wherein he can explain to one
not particularly bright, but willing American what it's all about, and we can pour over the details with American Pride would set my mind and heart to rest.
I'll be paying attention to Obama over here not because I am a nut, maybe I am, but some fool has to try to watch over our stupid government no matter who is running it? I am just one of them, By The People, of the People, for the People... people.
Banks made loans without concern for whether borrowers could repay them, and some borrowers took advantage of cheap credit to take on debt they couldn’t afford. Politicians spent taxpayer money without wisdom or discipline, too often focused on scoring political points instead of the problems they were sent here to solve. The result has been a devastating loss of trust and confidence in our economy, our financial markets, and our government.
Barack Obama from his January 8 speech.
(Maybe this should read... Banks made loans whether they could repay them,)
(Please take note Barack, are you confident in the wisdom and discipline gone into this bill? I mean really confident?) and
We don't need another devastating loss of trust and confidence.
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