Graham goes nuclear on Obama over stimulus: “Scaring people is not leadership”; Update: Stimulus worse than doing nothing, says CBO; Update: Or does it?
posted at 2:35 pm on February 5, 2009 by Allahpundit
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In my three years of blogging at HA, this may be the first time I’ve seen the boss and Grahamnesty on exactly the same wavelength. Credit where credit is due: I thought he and McCain would be a collective rubber stamp for The One on all things “bipartisan” but they’ve both come out hard against this boondoggle. And then some: This is as close to bareknuckle as you’ll ever see from this guy, especially the shots at Obama’s leadership. I figured the GOP would keep triangulating between Obama and Pelosi, blaming the Democrats while staying well clear of attacking our new Messiah, but it looks like the bill is now sufficiently toxic that they think they can use it to score some points on him, too. Sweet.
Reid says they’ve got the votes. And, per MM, it sounds like he’s right:
Republican Senator Susan Collins of Maine said Obama, in a meeting with her on Wednesday, had persuaded her that the ultimate bill should be “in the neighborhood of $800 billion.”
“The president did convince me,” she said, adding that she believed the two sides would reach a compromise on the Senate stimulus package on Thursday.
Update: Via Instapundit, turns out The One is right to be afraid. Just not for the reason he thinks.
CBO, the official scorekeepers for legislation, said the House and Senate bills will help in the short term but result in so much government debt that within a few years they would crowd out private investment, actually leading to a lower Gross Domestic Product over the next 10 years than if the government had done nothing…
CBOs basic assumption is that, in the long run, each dollar of additional debt crowds out about a third of a dollars worth of private domestic capital, CBO said in its letter.
CBO said there is no crowding out in the short term, so the plan would succeed in boosting growth in 2009 and 2010.
Update: One of our three lefty readers e-mails to say that the Wash Times misread the CBO letter to Gregg and that there actually will be net growth. The key passage from the story is this:
CBO estimates that by 2019 the Senate legislation would reduce GDP by 0.1 percent to 0.3 percent on net…
The agency projected the Senate bill would produce between 1.4 percent and 4.1 percent higher growth in 2009 than if there was no action. For 2010, the plan would boost growth by 1.2 percent to 3.6 percent.
The confusion lies in the term “on net.” Does that refer to the entire period from 2009 to 2019 or the period not including 2009 and 2010, since specific growth numbers for those two years are provided? If the former, then the Times is right and CBO is claiming that the loss in GDP from 2011 to 2019 will wipe out any growth over the next two years for a net loss. If the latter, then the Times is way off. Simple math, per the guy who e-mailed me:
2009: 1.4 to 4.1
2010: 1.2 to 3.6
2011-2019: -0.1 to -0.3Worst Case 2009-2019: 1.4 + 1.2 – 0.3 = 2.3% positive total effect
Best Case 2009-2019: 4.1 + 3.6 – 0.1 = 7.7% positive total effect
I’m trying to find a copy of the CBO letter to resolve the discrepancy but the site is down right now. Can anyone help?
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baldilocks on February 5, 2009 at 9:18 PM
Yeah, somebody new will probably show up to carry on the struggle. I don’t lf you’ve ever been in a street fight but if you have you know that anybody with hard toed boots are welcome to fight on your side . . right now that’s McCain and Graham.
rplat on February 5, 2009 at 9:22 PM
Contact your Senators
http://www.senate.gov/general/contact_information/senators_cfm.cfm
Jamson64 on February 5, 2009 at 9:23 PM
Monetary Solutions, Part A and B:
A) College brat:
SEND MONEY!
B) Government Brats:
THROW MONEY!
Instead of simply trying to solve the mess they created by targeting bad mortgages and frozen credit and rebuilding the vital national infrastructure (crumbling bridges, etc.) , the Dems (and some RINO’s) are intent on gorging themselves on the future public taxation trough, and buying votes with their fantasy largesse.
This is not a STIMULUS BILL but a PUBLIC REAMING.
profitsbeard on February 5, 2009 at 9:32 PM
Unless they have redefined the term, net = all years inclusive from baseline. Perhaps the confusion comes from the YBY.
elgeneralisimo on February 5, 2009 at 9:35 PM
Economists Opposed to the Stimulus Bill:
* Burton Abrams, Univ. of Delaware
* Douglas Adie, Ohio University
* Ryan Amacher, Univ. of Texas at Arlington
* J.J. Arias, Georgia College & State University
* Howard Baetjer, Jr., Towson University
* Stacie Beck, Univ. of Delaware
* Don Bellante, Univ. of South Florida
* James Bennett, George Mason University
* Bruce Benson, Florida State University
* Sanjai Bhagat, Univ. of Colorado at Boulder
* Mark Bils, Univ. of Rochester
* Alberto Bisin, New York University
* Walter Block, Loyola University New Orleans
* Cecil Bohanon, Ball State University
* Michele Boldrin, Washington University in St. Louis
* Donald Booth, Chapman University
* Michael Bordo, Rutgers University
* Samuel Bostaph, Univ. of Dallas
* Scott Bradford, Brigham Young University
* Genevieve Briand, Eastern Washington University
* George Brower, Moravian College
* James Buchanan, Nobel laureate
* Richard Burdekin, Claremont McKenna College
* Henry Butler, Northwestern University
* William Butos, Trinity College
* Peter Calcagno, College of Charleston
* Bryan Caplan, George Mason University
* Art Carden, Rhodes College
* James Cardon, Brigham Young University
* Dustin Chambers, Salisbury University
* Emily Chamlee-Wright, Beloit College
* V.V. Chari, Univ. of Minnesota
* Barry Chiswick, Univ. of Illinois at Chicago
* Lawrence Cima, John Carroll University
* J.R. Clark, Univ. of Tennessee at Chattanooga
* Gian Luca Clementi, New York University
* R. Morris Coats, Nicholls State University
* John Cochran, Metropolitan State College
* John Cochrane, Univ. of Chicago
* John Cogan, Hoover Institution, Stanford University
* John Coleman, Duke University
* Boyd Collier, Tarleton State University
* Robert Collinge, Univ. of Texas at San Antonio
* Lee Coppock, Univ. of Virginia
* Mario Crucini, Vanderbilt University
* Christopher Culp, Univ. of Chicago
* Kirby Cundiff, Northeastern State University
* Antony Davies, Duquesne University
* John Dawson, Appalachian State University
* Clarence Deitsch, Ball State University
* Arthur Diamond, Jr., Univ. of Nebraska at Omaha
* John Dobra, Univ. of Nevada, Reno
* James Dorn, Towson University
* Christopher Douglas, Univ. of Michigan, Flint
* Floyd Duncan, Virginia Military Institute
* Francis Egan, Trinity College
* John Egger, Towson University
* Kenneth Elzinga, Univ. of Virginia
* Paul Evans, Ohio State University
* Eugene Fama, Univ. of Chicago
* W. Ken Farr, Georgia College & State University
* Hartmut Fischer, Univ. of San Francisco
* Fred Foldvary, Santa Clara University
* Murray Frank, Univ. of Minnesota
* Peter Frank, Wingate University
* Timothy Fuerst, Bowling Green State University
* B. Delworth Gardner, Brigham Young University
* John Garen, Univ. of Kentucky
* Rick Geddes, Cornell University
* Aaron Gellman, Northwestern University
* William Gerdes, Clarke College
* Michael Gibbs, Univ. of Chicago
* Stephan Gohmann, Univ. of Louisville
* Rodolfo Gonzalez, San Jose State University
* Richard Gordon, Penn State University
* Peter Gordon, Univ. of Southern California
* Ernie Goss, Creighton University
* Paul Gregory, Univ. of Houston
* Earl Grinols, Baylor University
* Daniel Gropper, Auburn University
* R.W. Hafer, Southern Illinois
* University, Edwardsville
* Arthur Hall, Univ. of Kansas
* Steve Hanke, Johns Hopkins
* Stephen Happel, Arizona State University
* Frank Hefner, College of Charleston
* Ronald Heiner, George Mason University
* David Henderson, Hoover Institution, Stanford University
* Robert Herren, North Dakota State University
* Gailen Hite, Columbia University
* Steven Horwitz, St. Lawrence University
* John Howe, Univ. of Missouri, Columbia
* Jeffrey Hummel, San Jose State University
* Bruce Hutchinson, Univ. of Tennessee at Chattanooga
* Brian Jacobsen, Wisconsin Lutheran College
* Jason Johnston, Univ. of Pennsylvania
* Boyan Jovanovic, New York University
* Jonathan Karpoff, Univ. of Washington
* Barry Keating, Univ. of Notre Dame
* Naveen Khanna, Michigan State University
* Nicholas Kiefer, Cornell University
* Daniel Klein, George Mason University
* Paul Koch, Univ. of Kansas
* Narayana Kocherlakota, Univ. of Minnesota
* Marek Kolar, Delta College
* Roger Koppl, Fairleigh Dickinson University
* Kishore Kulkarni, Metropolitan State College of Denver
* Deepak Lal, UCLA
* George Langelett, South Dakota State University
* James Larriviere, Spring Hill College
* Robert Lawson, Auburn University
* John Levendis, Loyola University New Orleans
* David Levine, Washington University in St. Louis
* Peter Lewin, Univ. of Texas at Dallas
* Dean Lillard, Cornell University
* Zheng Liu, Emory University
* Alan Lockard, Binghampton University
* Edward Lopez, San Jose State University
* John Lunn, Hope College
* Glenn MacDonald, Washington
* University in St. Louis
* Michael Marlow, California
* Polytechnic State University
* Deryl Martin, Tennessee Tech University
* Dale Matcheck, Northwood University
* Deirdre McCloskey, Univ. of Illinois, Chicago
* John McDermott, Univ. of South Carolina
* Joseph McGarrity, Univ. of Central Arkansas
* Roger Meiners, Univ. of Texas at Arlington
* Allan Meltzer, Carnegie Mellon University
* John Merrifield, Univ. of Texas at San Antonio
* James Miller III, George Mason University
* Jeffrey Miron, Harvard University
* Thomas Moeller, Texas Christian University
* John Moorhouse, Wake Forest University
* Andrea Moro, Vanderbilt University
* Andrew Morriss, Univ. of Illinois at Urbana-Champaign
* Michael Munger, Duke University
* Kevin Murphy, Univ. of Southern California
* Richard Muth, Emory University
* Charles Nelson, Univ. of Washington
* Seth Norton, Wheaton College
* Lee Ohanian, Univ. of California, Los Angeles
* Lydia Ortega, San Jose State University
* Evan Osborne, Wright State University
* Randall Parker, East Carolina University
* Donald Parsons, George Washington University
* Sam Peltzman, Univ. of Chicago
* Mark Perry, Univ. of Michigan, Flint
* Christopher Phelan, Univ. of Minnesota
* Gordon Phillips, Univ. of Maryland
* Michael Pippenger, Univ. of Alaska, Fairbanks
* Tomasz Piskorski, Columbia University
* Brennan Platt, Brigham Young University
* Joseph Pomykala, Towson University
* William Poole, Univ. of Delaware
* Barry Poulson, Univ. of Colorado at Boulder
* Benjamin Powell, Suffolk University
* Edward Prescott, Nobel laureate
* Gary Quinlivan, Saint Vincent College
* Reza Ramazani, Saint Michael’s College
* Adriano Rampini, Duke University
* Eric Rasmusen, Indiana University
* Mario Rizzo, New York University
* Richard Roll, Univ. of California, Los Angeles
* Robert Rossana, Wayne State University
* James Roumasset, Univ. of Hawaii at Manoa
* John Rowe, Univ. of South Florida
* Charles Rowley, George Mason University
* Juan Rubio-Ramirez, Duke University
* Roy Ruffin, Univ. of Houston
* Kevin Salyer, Univ. of California, Davis
* Pavel Savor, Univ. of Pennsylvania
* Ronald Schmidt, Univ. of Rochester
* Carlos Seiglie, Rutgers University
* William Shughart II, Univ. of Mississippi
* Charles Skipton, Univ. of Tampa
* James Smith, Western Carolina University
* Vernon Smith, Nobel laureate
* Lawrence Southwick, Jr., Univ. at Buffalo
* Dean Stansel, Florida Gulf Coast University
* Houston Stokes, Univ. of Illinois at Chicago
* Brian Strow, Western Kentucky University
* Shirley Svorny, California State
* University, Northridge
* John Tatom, Indiana State University
* Wade Thomas, State University of New York at Oneonta
* Henry Thompson, Auburn University
* Alex Tokarev, The King’s College
* Edward Tower, Duke University
* Leo Troy, Rutgers University
* David Tuerck, Suffolk University
* Charlotte Twight, Boise State University
* Kamal Upadhyaya, Univ. of New Haven
* Charles Upton, Kent State University
* T. Norman Van Cott, Ball State University
* Richard Vedder, Ohio University
* Richard Wagner, George Mason University
* Douglas M. Walker, College of Charleston
* Douglas O. Walker, Regent University
* Christopher Westley, Jacksonville State University
* Lawrence White, Univ. of Missouri at St. Louis
* Walter Williams, George Mason University
* Doug Wills, Univ. of Washington Tacoma
* Dennis Wilson, Western Kentucky University
* Gary Wolfram, Hillsdale College
* Huizhong Zhou, Western Michigan University
* Lee Adkins, Oklahoma State University
* William Albrecht, Univ. of Iowa
* Donald Alexander, Western Michigan University
* Geoffrey Andron, Austin Community College
* Nathan Ashby, Univ. of Texas at El Paso
* George Averitt, Purdue North Central University
* Charles Baird, California State University, East Bay
* Timothy Bastian, Creighton University
* John Bethune, Barton College
* Robert Bise, Orange Coast College
* Karl Borden, University of Nebraska
* Donald Boudreaux, George Mason University
* Ivan Brick, Rutgers University
* Phil Bryson, Brigham Young University
* Richard Burkhauser, Cornell University
* Edwin Burton, Univ. of Virginia
* Jim Butkiewicz, Univ. of Delaware
* Richard Cebula, Armstrong Atlantic State University
* Don Chance, Louisiana State University
* Robert Chatfield, Univ. of Nevada, Las Vegas
* Lloyd Cohen, George Mason University
* Peter Colwell, Univ. of Illinois at Urbana-Champaign
* Michael Connolly, Univ. of Miami
* Jim Couch, Univ. of North Alabama
* Eleanor Craig, Univ. of Delaware
* Michael Daniels, Columbus State University
* A. Edward Day, Univ. of Texas at Dallas
* Stephen Dempsey, Univ. of Vermont
* Allan DeSerpa, Arizona State University
* William Dewald, Ohio State University
* Jeff Dorfman, Univ. of Georgia
* Lanny Ebenstein, Univ. of California, Santa Barbara
* Michael Erickson, The College of Idaho
* Jack Estill, San Jose State University
* Dorla Evans, Univ. of Alabama in Huntsville
* Frank Falero, California State University, Bakersfield
* Daniel Feenberg, National Bureau of Economic Research
* Eric Fisher, California Polytechnic State University
* Arthur Fleisher, Metropolitan State College of Denver
* William Ford, Middle Tennessee State University
* Ralph Frasca, Univ. of Dayton
* Joseph Giacalone, St. John’s University
* Adam Gifford, California State Unviersity, Northridge
* Otis Gilley, Louisiana Tech University
* J. Edward Graham, University of North Carolina at Wilmington
* Richard Grant, Lipscomb University
* Gauri-Shankar Guha, Arkansas State University
* Darren Gulla, Univ. of Kentucky
* Dennis Halcoussis, California State University, Northridge
* Richard Hart, Miami University
* James Hartley, Mount Holyoke College
* Thomas Hazlett, George Mason University
* Scott Hein, Texas Tech University
* Bradley Hobbs, Florida Gulf Coast University
* John Hoehn, Michigan State University
* Daniel Houser, George Mason University
* Thomas Howard, University of Denver
* Chris Hughen, Univ. of Denver
* Marcus Ingram, Univ. of Tampa
* Joseph Jadlow, Oklahoma State University
* Sherry Jarrell, Wake Forest University
* Carrie Kerekes, Florida Gulf Coast University
* Robert Krol, California State University, Northridge
* James Kurre, Penn State Erie
* Tom Lehman, Indiana Wesleyan University
* W. Cris Lewis, Utah State University
* Stan Liebowitz, Univ. of Texas at Dallas
* Anthony Losasso, Univ. of Illinois at Chicago
* John Lott, Jr., Univ. of Maryland
* Keith Malone, Univ. of North Alabama
* Henry Manne, George Mason University
* Richard Marcus, Univ. of Wisconsin-Milwaukee
* Timothy Mathews, Kennesaw State University
* John Matsusaka, Univ. of Southern California
* Thomas Mayor, Univ. of Houston
* W. Douglas McMillin, Louisiana State University
* Mario Miranda, The Ohio State University
* Ed Miseta, Penn State Erie
* James Moncur, Univ. of Hawaii at Manoa
* Charles Moss, Univ. of Florida
* Tim Muris, George Mason University
* John Murray, Univ. of Toledo
* David Mustard, Univ. of Georgia
* Steven Myers, Univ. of Akron
* Dhananjay Nanda, University of Miami
* Stephen Parente, Univ. of Minnesota
* Allen Parkman, Univ. of New Mexico
* Douglas Patterson, Virginia Polytechnic Institute and University
* Timothy Perri, Appalachian State University
* Mark Pingle, Univ. of Nevada, Reno
* Ivan Pongracic, Hillsdale College
* Richard Rawlins, Missouri Southern State University
* Thomas Rhee, California State University, Long Beach
* Christine Ries, Georgia Institute of Technology
* Nancy Roberts, Arizona State University
* Larry Ross, Univ. of Alaska Anchorage
* Timothy Roth, Univ. of Texas at El Paso
* Atulya Sarin, Santa Clara University
* Thomas Saving, Texas A&M University
* Eric Schansberg, Indiana University Southeast
* John Seater, North Carolina University
* Alan Shapiro, Univ. of Southern California
* Frank Spreng, McKendree University
* Judith Staley Brenneke, John Carroll University
* John E. Stapleford, Eastern University
* Courtenay Stone, Ball State University
* Avanidhar Subrahmanyam, UCLA
* Scott Sumner, Bentley University
* Clifford Thies, Shenandoah University
* William Trumbull, West Virginia University
* Gustavo Ventura, Univ. of Iowa
* Marc Weidenmier, Claremont McKenna College
* Robert Whaples, Wake Forest University
* Gene Wunder, Washburn University
* John Zdanowicz, Florida International University
* Jerry Zimmerman, Univ. of Rochester
* Joseph Zoric, Franciscan University of Steubenville
Poptech on February 5, 2009 at 9:43 PM
I posted this on the wrong thread earlier but this is where it belongs and here it is:
Where was Graham when it counted for the last eight years? Where was his outrage then? What did he do when the Dems were treasonous during two wars? What in the hell did he do?
Travis1 on February 5, 2009 at 9:52 PM
Travis1 on February 5, 2009 at 9:56 PM
Poptech on February 5, 2009 at 9:43 PM
How many of those “economists” predicted this disaster?
Zero.
Here is one that did:
http://www.rgemonitor.com/roubini-monitor/255361/bloomberg_roubini_predicts_more_global_gloom_after_vindication_at_davos
getalife on February 5, 2009 at 10:11 PM
Kind of like predicting global temperature. Too many factors. The only indisputeable is about $2,000,000,000,000. or there abouts in the hole.
Start. over.
Itchee Dryback on February 5, 2009 at 10:17 PM
Itchee Dryback on February 5, 2009 at 10:17 PM
“Roubini sees the global economy shrinking this year, and banks writing down at least US$3.6 trillion — compared to the US$1.1 trillion disclosed so far.
While the US government is resisting nationalizing its biggest banks, Roubini says it will have no choice because they are now “effectively insolvent.””
He says buy gold.
getalife on February 5, 2009 at 10:24 PM
I think what was meant was, “Stimulus worse. . . says CBO.” “Update: Or does it [that is, the CBO, really say that]?
smellthecoffee on February 5, 2009 at 10:58 PM
Looks like
Jim Nabors’Graham’s b@11s just dropped.LevStrauss on February 5, 2009 at 11:06 PM
you go, Graham!
I can see the lefties’ response:
“Graham crack
ering”jgapinoy on February 5, 2009 at 11:13 PM
Well hell in that case increase the stimulus tenfold! This is no time for half measures people. We’ll see between 14.0% and 41.0% growth in 2009 and 12.0% to 36.0% growth in 2010.
/Happy days are here
againforever…Mike Honcho on February 5, 2009 at 11:43 PM
Lindsy was a real drama queeen today:
http://www.youtube.com/watch?v=wHdyPi4uo1Q&eurl=http://www.talkingpointsmemo.com/&feature=player_embedded
getalife on February 5, 2009 at 11:53 PM
I do not trust Lindsay Grahamnesty.
He probably realizes that Collins (what a disgrace) puts this bill over the top, and so he can safely grandstand while it passes.
The Dhimmicrats would NEVER have gotten all of this power without the likes of Lindsay and McLame. NEVER.
B*stards.
ex-Democrat on February 5, 2009 at 11:54 PM
Here is the contact info for the Maine Senators:
LIGHT ‘EM People!
Let’s roll!!!!
ex-Democrat on February 5, 2009 at 11:56 PM
Times are really tough, so I decided to re-enter the work force after years of staying home with the kids. My husband and I were working on the budget, and I listed some money for an interview suit. Hubby responded by saying “If you can buy new clothes, I get a new TV”. My son overheard us and demanded a new game system. My daughter declared “If he gets a wii, I get a pony”. This went on for weeks with each one-upping the other.
Long story short, we’re now millions in debt, I still haven’t landed a job interview, and we’re up to our necks in pony loaf;)
Laura in Maryland on February 5, 2009 at 11:58 PM
Peter Schiff Predicted it and he is saying the same thing:
Peter Schiff Was Right 2006 – 2007 (Video) (10min)
There’s No Pain-Free Cure for Recession (Peter Schiff, President of Euro Pacific Capital)
Poptech on February 6, 2009 at 12:01 AM
The banks have always been insolvent. What part of fractional reserve banking do you not understand?
Poptech on February 6, 2009 at 12:02 AM
If Obama’s lost Graham he’s lost everything.
Good-bye, bi-partisanship. Hello, loyal opposition.
Have a happy four hears, Mr. President.
Tuning Spork on February 6, 2009 at 12:08 AM
4 years, even.
Tuning Spork on February 6, 2009 at 12:08 AM
Watching Graham be shocked and upset over a gang of senators working independently from the rest of them….. THE HUMANITY!
Welcome to our world doofus.
JeffinOrlando on February 6, 2009 at 12:08 AM
I don’t know you, but I love you for this post.
JeffinOrlando on February 6, 2009 at 12:10 AM
Follow up:
Voicemail boxes FULL at both Snowe and Collins as of the time of this post……good.
But you can still send email to their 4 minions above. I did. I put them all on the same email and just blasted them for helping to destroy my country. I also told ‘em that “Boycott Maine” bumper stickers sure sound good.
Let’s roll. No b*itchin’ if you don’t do anything. It’s easy. Write. Call tomorrow.
ex-Democrat on February 6, 2009 at 12:11 AM
Let’s get the damn math straight… worst case…
2-year gain = 2.6%
9-year loss at -0.3% per annum = -2.7%
Net Loss for the inclusive period 2009 thru 2019 = -0.1%
This is a hell of a return for a trillion dollar investment that must be paid back with interest… but about what any sane adult would expect from a government program.
T J Green on February 6, 2009 at 1:32 AM
net means from present day onward.
Tacitus_SGL on February 6, 2009 at 1:56 AM
I don’t want to hear anymore about Grahamnesty. The man is a great American who speaks from the heart. He may have not satisfied my fellow conservatives with his stance on immigration, but no one can argue that he has balls and integrity. Hopefully, this will begin the healing process of a Great Senator and a Great Party.
THE CHOSEN ONE on February 6, 2009 at 1:57 AM
This is turning out to be a Denny Grand Slam, Jimmy Dean, Pork-o-rama, Smithfield Smorgasborg, Vegas Bacon Buffet, Piggly Wiggly, Jones Farm, Mother of All Sows, The Other White Meat, Bratwurst in every pot, Allah Be Praised, Lord of the Flies, Pork-a-Thon!
I can smell the bacon when I open the front door. Try it. I bet you can too.
Mr. Joe on February 6, 2009 at 2:09 AM
I love parables.
Cheshire Cat on February 6, 2009 at 2:35 AM
If we’re in such a bad way, why are they throwing all this crap onto the bill? THey need to knock that off not just on this but on all bills. There’s your waste right there.
eh, I pulled out of the marketand did some other things. I can see this thing going down the tubes for now.
They had better watch their backs. Cheney had a few things to say they need to be paying attention to while all this is going on.
johnnyU on February 6, 2009 at 2:39 AM
Take it from an old farmer, net is what you clear. In other words if it in the long run it costs you more to feed the cows than you are making to milk them, that is a net loss. If on the other hand you make a little something that is a net gain. The question however, is would you make a larger gain without the bill. If that is true, you make the same gains without the net loss.
Make sense?
Terrye on February 6, 2009 at 6:22 AM
Holy sh*t. I realize how inexact the discipline is, but on top of everything else that’s been said and written, if it boils down to the overwhelming criticism plus these economists against and guy who didn’t use an interest-bearing checking account until 2005 (Obama), I say go back to the drawing board.
Democrats are screwing the country over with this bill. Why can’t the GOP single out the sh*t and start hanging it around the necks of particular Democrats. Require some of these POS to own the objectionable parts of the package. Then we’ll get some real outrage. Personalize then demonize. Sorry to be vindictive, but the Democrats cannot be allowed to enact this POS bill without some vehement opposition. This is important to create a death match over it.
BuckeyeSam on February 6, 2009 at 6:34 AM
Wow, a HotAir classic post… Funny and pointed. Great job!
Mark Garnett on February 6, 2009 at 7:17 AM
Folks, this is SO SIMPLE… This Bill, as it sits, is NOT going to make any difference for America, it will only DO HARM by creating more big Government programs, fraud, waste and victims. It has SO MUCH pork, so many pet radical Liberal programs, money for Abortion, STD’s, ACRON and Union thugs, that it is impossible to compromise on… IT MUST BE DEFEATED OUTRIGHT! No Republican should support ANY PART of this Bill, it must be done with ONLY radical Liberals voting for it… Our Senators MUST STAND UNITED! We must make them all see that this will NOT help, but it WILL hurt America. We can make The Messiah “own” this ugly Bill… We WILL make huge gains in 2010 and 2012 if WE STAND AGAINST THIS BILL on Conservative grounds… Demand TAX CUTS, SPENDING CUTS, NO PORK, NO EARMARKS… If Harry has the votes, oh well, but NOT ONE REPUBLICAN should agree. Snowe and Collins are NOT Republicans, and we need to DRIVE THAT POINT HOME… They are NE Liberals named Republicans… They NEVER have represented any Conservative veiw… Call on them AND Blue-Dog Dems to fight against this. Call ALL Democrates and Repubs… Let your voicess be heard. It’s now or never… Do the “right” thing! No compromises, no deals… Bill DIES or the radical left “owns” it ALONE! Let that be your message to Congress.
Mark Garnett on February 6, 2009 at 7:27 AM
It looks like the Director of CBO is saying that the bill would reduce output by 0.1 to 0.3 percent in the long run, even with the increases in output in 2009 and 2010.
Xiphos on February 6, 2009 at 8:26 AM
Hi Lindsey.
ex-Democrat on February 6, 2009 at 10:59 AM
Sen. Graham the great Mod.thought & believe that Obama was a real Mod. who would seek his councel on how to run the country.Now Sen. Graham has looked over into the dark well and saw that Obama is the great Lib/Soc. that we have been warning him and all the Gop about.What he saw scared the hell out him and alot of the Gop.I hope and pray this is what happen.
thmcbb on February 6, 2009 at 11:22 AM
The Graham issue is can he be believed. I tend to discount anything he says in this vain because his record says otherwise.
kanda on February 6, 2009 at 12:29 PM
Looks like no Grahamnesty for O on this one.
Done That on February 6, 2009 at 5:21 PM
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