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Politics : RAMTRONIAN's Cache Inn -- Ignore unavailable to you. Want to Upgrade?

To: NightOwl who wrote (14360)	3/5/2009 3:24:21 PM
From: NightOwl	Respond to of 14464

<sniff?><Sniff?> Is it just me... or do I smell "old tires" burning? thedailyshow.com 0\|0

To: NightOwl who wrote (14360)	3/6/2009 7:15:38 AM
From: NightOwl	Respond to of 14464

Well the Senate "blinked" on the Omnibus, and may effect as much as $30B of spending reductions in 2009. The economic fight is boiling down to three categories of politicians: 1. Those that "know" that spending money anywhere on anything in the lower 48 ASAP is the only way to stop all the lemmings from reaching the cliff; 2. Those that "know" that only maximum spending reductions and lower taxes for those getting more than $250k/year is the way to save the a "free" America; and 3. Those that "know" they don't "know" squat but want to get electoral credit for fixing this mess anyway. Category #2 won a major battle for the 2009 Omnibus funding bill yesterday. If they continue to press their success they could easily delay the recovery for as much time as their $30B would have lasted. Just as a point of reference $30B would be sufficient to pay a million people $30k a piece; or fund 200k+ jobs for two years; or fund GM and Chrysler for 6 months or so; or rebuild every levy in New Orleans and Sacramento too. But apparently we've decided to "save" this money instead. Let's see how high our marvelous markets rise today. 0\|0