Theodore's World: OMG Obama Proposes Yet Another Multibillion-Dollar Stimulus Plan ~ This is INSANE!

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May 14, 2012

OMG Obama Proposes Yet Another Multibillion-Dollar Stimulus Plan ~ This is INSANE!

Washington Times

Putting pressure on Congress to approve parts of his latest economic stimulus plan, President Obama urged Americans Saturday to push lawmakers to approve his multibillion-dollar “to-do list” for creating jobs.

“Each of the ideas on this list will help create jobs and build a stronger economy right now,” Mr. Obama said in his weekly address. “Let’s push Congress to do the right thing. Let’s keep moving this country forward together.”

The president’s list includes an expanded program to help homeowners refinance their mortgages, a proposal to give small businesses tax breaks for hiring more workers, a program that would help veterans find jobs, and an extension of tax credits for clean-energy companies.

He lobbied for the refinancing plan Friday in a speech in Reno, Nev. – a state that ranks second in the nation in mortgage foreclosures.

All told, the proposals on the president’s list could cost up to $34.7 billion: They are part of a more comprehensive $447 billion jobs package that Congress mostly has resisted.


Wild Thing's comment......

Nothing will stop this POS Obama except the election. We need to keep talking to people and make sure they know how important this election will be.

Posted by Wild Thing at May 14, 2012 02:55 AM


He's doing this because he knows the House will reject it. This way he can again put the blame on Republicans.

Posted by: BobF at May 14, 2012 08:50 AM

No surprise here. Just doing what the Progressive playbook calls for. Throw good money after bad. In this case he is throwing money he really does not have.

Here in California, Gov. Moonbeam has found that the Budget Shortfall is a bit larger than originally announced.

His method of solving it? Another chapter from the above mentioned playbook.

Cutback on the numbers of Police, Firefighters and cut in Education funding, while at the same time calling for more taxes,(but only temporary taxes), to cover the deficit. When was the last time any of you saw any tax you paid reduced?

He makes no mention of scrapping his High Speed rail boondoggle, which has been proven time and again to be a finacial disaster in the making. No mention of the continued funding of all of the welfare of Illegal Aliens that flock to our state for the freebies.

I have said for a long time that what we in California are, is what the whole of this United States will become if folks like Obama, Pelosi, Reid and the like keep getting re-elected time after time.

Posted by: Sean at May 14, 2012 09:28 AM

"We have tried spending money.  We are spending more than we have ever spent before and it does not work.  And I have just one interest, and if I am wrong ... somebody else can have my job.  I want to see this country prosperous.  I want to see people get a job.  I want to see people get enough to eat.  We have never made good on our promises ... I say after eight years of this Administration we have just as much unemployment as when we started ... And an enormous debt to boot. "

These words were spoken 72 years ago before the House Ways and Means Committee in May 1939 by Henry Morgenthau, Jr. - close friend, lunch companion, and loyal Secretary of the Treasury until 1945 to President Franklin D. Roosevelt - and the key architect of FDR's New Deal.

Morgenthau made this then startling confession during the seventh year of his New Deal programs seeking to combat rampant high unemployment during the Great Depression.

With these words, Morgenthau summarized the harsh suffering and protracted misery, the lost decade that was the 1930's.

When FDR was elected President in 1932 unemployment was 23%.  When Morgenthau spoke these words seven years later, just before the start of World War II, unemployment was still 19%.

Private sector investment remained volatile during the period of the 1930's, in part because of the uncertainty created for business by the radical and shifting policies of the Roosevelt New Deal.  Sound familiar ?

Indeed with these words, Morgenthau confessed what so many keepers of Roosevelt's New Deal flame still won't admit today:

massive public sector spending on public works programs doesn't erase historic unemployment.  It doesn't produce an economic recovery, it only postpones one.

Somehow we just don't seem to learn from history:

“A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly.

But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself.

For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men.

He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist.

A murderer is less to fear. The traitor is the plague.”

-Cicero, Rome, 50 BC.

Posted by: Carlos at May 14, 2012 09:33 AM

Nothing I can add to the three previous comments. I agree 100%. Everything good about America rests on what happens on 6 Nov.

Posted by: TomR, armed in Texas at May 14, 2012 12:45 PM