Thread: The Obamanation
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Old 01-29-2009, 05:41 PM   #34
classicman
barely disguised asshole, keeper of all that is holy.
 
Join Date: Nov 2007
Posts: 23,401
Stimulus bill moves to Senate
Quote:
The Senate Finance Committee added about $70 billion to fix the Alternative Minimum Tax, which was intended to place a tax on the wealthy but now hits many middle class families.
I'd like to more on this, I thought they were giving to the middle class not making them pay more.

Quote:
Aides say housing relief is also going to be a big issue for some Republican senators. The main concerns are similar to those of their House counterparts. They want more tax cuts and less spending.

"We look forward to offering amendments to improve this critical legislation and move it back to the package President Obama originally proposed -- 40 percent tax relief, no wasteful spending and a bipartisan approach," McConnell said.

Obama has made it clear that he's not willing to budge on some of the big ticket items, like how the tax cuts are structured.

The version passed in the House is two-thirds spending and one-third tax cuts.
thats a lot of spending with a lot less tax relief.

Quote:
Much of the $550 billion in spending is divided among these areas: $142 billion for education, $111 billion for health care, $90 billion for infrastructure, $72 billion for aid and benefits, $54 billion for energy, $16 billion for science and technology and $13 billion for housing.

Those opposed to the bill say it includes too much wasteful spending, pointing to things like $335 million in funding for education on sexually transmitted diseases and $650 million for digital TV coupons.
I think there are many worthy causes where this money is going, but again, it seems as though this is a spending package not a stimulus package. The more I see the less I can determine where exactly the job creation is coming from.

Quote:
A growing number of Republicans and Democrats say measures such as those don't create jobs.

The Democratic rationale is that healthier Americans will be more productive. And on the millions for digital television coupons, the hope is that money will go to new call centers explaining how the technology works.
OMFG - are they seriously calling that job creation? That is frightening.

Quote:
"There's something in there for literally every interest. It's a pent-up wish list of spending programs that many around here have wanted to implement for a really long time," said Sen. John Thune, R-South Dakota.
Great, but excuse me Mr. Senator, We're in a fucking crisis right? Isn't this supposed to CREATE JOBS & get the economy going?

Quote:
Congressional leaders did drop some of the controversial provisions, like one that provided $200 million worth of contraceptives to low-income families.
Whoop die flocking doo - 200 million outta 800+ Billion is relatively nothing. (I can't even comprehend what planet these people are from - they're all insane.)
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