Obama to propose $50 billion in infrastructure spending for stimulus

posted at 10:30 am on September 6, 2010 by Ed Morrissey

What happens when over a hundred billion dollars in borrowed cash gets plunged into infrastructure spending and it fails to kick-start the economy?  According to this administration, spend another $50 billion on the same failed policy.  Barack Obama will unveil his new economic stimulus plan in Wisconsin today, while Russ Feingold looks for a place to hide:

US President Barack Obama unveils plans Monday to spend at least 50 billion dollars to expand and renew US roads, railways and airports, in a fresh bid to fire up sluggish economic growth.

Obama, under intense pressure over November’s mid-term congressional elections in which his Democrats fear heavy losses, was set to make the announcement in a speech in Wisconsin, an official said. …

A White House official said that the “bold” infrastructure plan will be front loaded and make significant investments in the first year, in a bid to stimulate the sagging economy and boost jobs growth.

It appeared unlikely however that Obama could get the plan passed through Congress before the mid-term elections.

Don’t be too sure it won’t pass Congress before November.  Transportation bills like this give Capitol Hill denizens plenty of opportunity to get pork for their home districts and states.  In this election cycle, pork may be all Democrats can use as an argument for re-election.  They certainly larded the first stimulus bill with plenty of home-town pork, and with $50 billion more in borrowed cash, don’t expect them to be shy the second time around.

However, don’t expect it to work, either.  The original Porkulus had $105 billion in so-called “infrastructure investments,” and none of it produced any economic growth.  Transportation accounted for $48 billion; energy infrastructure and R&D got the same amount of money.  Housing got $10 billion.  Front loaded or not, the money got allocated and borrowed, and we’re back to flatlining economic growth just eighteen months later — only now we have a lot more debt on top of the other problems we had.

Just a few days ago, Obama called for new ideas on how to restart American growth.  So far, all he’s offering us is the same failed and expensive Keynesianism that he tried in February 2009.  This is a White House in desperate need of a Plan B, which instead insists on retrying Plan A over and over again in the hope that it might work once.

Update: Commenter PattyJ wonders if anyone actually saw “infrastructure” being built from the original Porkulus.  Sure, I did; I did a couple of driving trips through Minnesota, Iowa, Wisconsin, Kansas, and Missouri over the past year and saw plenty of ARRA signs on road construction projects.  One local project closed an important freeway interchange for two months when it didn’t even have surface issues to repair.  Most of them were just accelerated wish-list projects that were not needed and didn’t produce any lasting jobs at all.  That was certainly the case for that remodeled interchange.


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If they waived environmental impact statements I might think they were serious.

rob verdi on September 6, 2010 at 10:32 AM

It is a good thing the country has no debt.

Wade on September 6, 2010 at 10:33 AM

Patronage! The Chicago way.

Inanemergencydial on September 6, 2010 at 10:33 AM

Well the last 800 billion worked so well?

whbates on September 6, 2010 at 10:33 AM

Yay!!!

Oh wait … sounds like anouther union pay off. Damn …

darwin on September 6, 2010 at 10:33 AM

The definition of insanity is….

a capella on September 6, 2010 at 10:34 AM

Well the last 800 billion worked so well?

whbates on September 6, 2010 at 10:33 AM

It did work out well. No one knows what the money went to … the plan all along.

darwin on September 6, 2010 at 10:35 AM

Great timing. It’s confirmed – he wants a Republican congress because it’s his only hope for re-election in 2012.

Idiot dupe moron Obamacare and Porkulus voting Democrat congressmen: How’s it feel to be under the bus?

forest on September 6, 2010 at 10:36 AM

What’s the saying? “Insanity is doing the same thing expecting different results”???

hoosiermama on September 6, 2010 at 10:36 AM

Because everyone looking for a job is in the road construction business right?

We know a young woman – her policeman father just took the entire family on a caribbean cruise with all the overtime money he earned sitting in his patrol car at the Obama Recovery road construction sites this summer. Double time and a half to just sit there, but what the heck it was FREE MONEY right?

ctmom on September 6, 2010 at 10:36 AM

“I believe Americans are willing to pay a higher gas tax to create jobs, improve our infrastructure and better our climate,” Voinovich said at a business conference in Ohio last month. “And many of my conservative colleagues do not consider that gas tax as a tax, but as a user fee.”

Mike Castle says count me in!

I hope they bring it to the floor right away. It will be interesting to see what Castle does. And yes this is sure to pass.

Rocks on September 6, 2010 at 10:37 AM

Anybody see any actual infrastructure built?

PattyJ on September 6, 2010 at 10:38 AM

news like this just makes me think of songs!!

Hair of the Dog

ted c on September 6, 2010 at 10:38 AM

If we pass this $50 billion infrastructure bill unemployment will not go above 10%. – C. Romer

JohnInCA on September 6, 2010 at 10:38 AM

Obama: “So I got this offer in the mail the other day for a new credit card! I think I can save the economy by moving all our debts onto this credit card and building some new roads that you shouldn’t use because it leads to more pollution and which you won’t be able to use because I’m going to raise gas taxes to pay off this new credit card!”

Skywise on September 6, 2010 at 10:39 AM

Orange barrel manufacturer stock futures are up.

bloviator on September 6, 2010 at 10:40 AM

Just a few days ago, Obama called for new ideas on how to restart American growth. So far, all he’s offering us is the same failed and expensive Keynesianism that he tried in February 2009. This is a White House in desperate need of a Plan B, which instead insists on retrying Plan A over and over again in the hope that it might work once.

He is looking for new ideas, and desperately avoiding the older, proven to work ideas like Reaganomics and favoring the private sector over public sector, and dropping the stupid destructive class warfare “fairness doctrine” of economic policy.

Bottom line is, Social Justice and a thriving economy do not mix, and this charismatic demagogue will go down in flames politically before he ever admits that Reagan and Bush were right all along and his goal of unwinding the Reagan Revolution has been a disastrous mistake.

He. Will. Never. Ever. Admit. It. Ever.

Brian1972 on September 6, 2010 at 10:40 AM

The sad part is that $30 billion of this is just for the bragging signs along the freeways.

Bishop on September 6, 2010 at 10:40 AM

http://www.scrappleface.com/?p=4805

onlineanalyst on September 6, 2010 at 10:41 AM

Now we are really going to see that we have the smartest president evah!

tim c on September 6, 2010 at 10:41 AM

How many new propaganda signs will be purchased with this money?

Howcome on September 6, 2010 at 10:41 AM

Screw the oceans. I’m looking for the moment when government begins to recede.

trubble on September 6, 2010 at 10:42 AM

There goes HotAir eating comments again.

Brian1972 on September 6, 2010 at 10:42 AM

Stimulus Funds to Create Interstate Trough System

Mervis Winter on September 6, 2010 at 10:42 AM

Bishop,

I swear your comment wasn’t there when I typed mine.

Howcome on September 6, 2010 at 10:43 AM

If you can stomach 3 minutes, here he is as President Elect, speech dated 11/22/08..This man is a broken record.

Key West Reader on September 6, 2010 at 10:43 AM

Anybody see any actual infrastructure built?

I don’t think it’s from TARP because there’s no bragging sign, but they are building a new onramp/offramp to connect two highways near my house. The current system was slightly annoying, and I guess someone figured it was a good way to spend a few million dollars.

Vera on September 6, 2010 at 10:44 AM

Bishop,

I swear your comment wasn’t there when I typed mine.

Howcome on September 6, 2010 at 10:43 AM

hey, just make sure you attribute that quote properly when you get your rug made, k?

ted c on September 6, 2010 at 10:45 AM

Don’t be too sure it won’t pass Congress before November.

I about guarantee it will pass congress… and I’m not sure this is a bad idea at all either. I bet if the GOP had taken congress without this being proposed they would have passed a big transportation bill as one of the first things they do.

ninjapirate on September 6, 2010 at 10:45 AM

The only people making a killing on all this is whoever has the contract to make all those propaganda signs with Obama’s name at every construction site…come to think of it, maybe thats what the whole $50billion is for. More signs are needed before the election!

cartooner on September 6, 2010 at 10:46 AM

I bet if the GOP had taken congress without this being proposed they would have passed a big transportation bill as one of the first things they do.

But that’s why Obama is proposing it now… he’s trying to cover his butt…

ninjapirate on September 6, 2010 at 10:46 AM

-23 Rasmussen yesterday, -20 today…

keep digging.

ted c on September 6, 2010 at 10:46 AM

It’ll get passed quickly…the Unions need their campaign war chests replenished.

michaelo on September 6, 2010 at 10:48 AM

Does anybody know anybody that’s been positively affected by the stimulus? They spent $800 billion with nothing to show for it except for some roadway signs and a turtle tunnel in Florida. I’d still like to know what politically-connected company had the road sign contract – how much graft was passed along in cost overruns.

PatMac on September 6, 2010 at 10:49 AM

I thought the first $800 billion has yet to be spent?

Also, is this money going to be funneled to fund Dem campaigns?

faraway on September 6, 2010 at 10:49 AM

Is he trying to screw his own team, cause this resembles the very defenition of insanity. I guess this gives him more excuses for
those stupid signs.

lizzie beth on September 6, 2010 at 10:50 AM

When will everyone realize it is not supposed work it is to collapse the system under debt and promises that can not be kept.

Great plan. Put in place systems that will destroy the country but not fully and then lose power. When the bills come due the opposition can’t pay so the ones who orchestrated the collapse regain power and claim to fix it we have to start over with a new Constitution.

tjexcite on September 6, 2010 at 10:50 AM

I don’t know if it’s shear arrogance or stupidity. Consumer and Investor confidence is the key to getting the economy going again and the most effective way to do that is: 1) across the board permanent tax cuts. 2) Communicate that there will be no further big spending progams. 3) Actualy cut spending.

The Democrats live in a world devoid of any economic realty. They literally believe there is no negative effects of government spending. It’s all skittles and Rainbows.

WisRich on September 6, 2010 at 10:50 AM

If the govt is going to spend these ridiculous amounts of money, shouldn’t it be for something as grand and necessary as Ike’s interstate hiway system, or as magnificent as the Apollo Moon Project?

xkaydet65 on September 6, 2010 at 10:51 AM

I think they’re just going to keep doing this every 6 months or so and if/when things do start to get better they go ‘See!!! We did it!!!’

BigWyo on September 6, 2010 at 10:51 AM

This is the payoff so the thugs will show up on election day to beat the sh*t out of the electorate.

tessa on September 6, 2010 at 10:52 AM

No doubt half of the $50 billion will be spent on signs to let people know that Barry has been busy.

Cody1991 on September 6, 2010 at 10:52 AM

The Alinsky Gang.
We swell our ranks on the public dime.

Beto Ochoa on September 6, 2010 at 10:52 AM

Since this is free money…

Out: Recovery Summer
In: Free Fall

faraway on September 6, 2010 at 10:53 AM

Here’s how it basically works…

State has 3 road projects. State has in budget money for 3 road projects. State has a deficit…but must go in debt more because it has to fix the roads.

Obama declares new stimulus plan – money from the Federal government for road projects.

State receives federal stimulus money.
State spends Federal money on the 3 road projects, instead of going into more debt to finance them.

Total road projects completed? With or without the federal stimulus money: 3.

Federal stimulus money is just used to juggle the accounting of who pays. No new projects are added, just that the Federal govt. now pays for the road projects instead of the state.

albill on September 6, 2010 at 10:53 AM

IOW, we’re going to throw another 50bills up against the wall and see what sticks this time. It’s like finger painting with money—you get some on the paper, and the rest is just a big effing mess.

kids.

ted c on September 6, 2010 at 10:53 AM

We’re gonna need a bigger mint.

itsacookbook on September 6, 2010 at 10:53 AM

This whole spend-spend-spend thing to try and jumpstart the economy is like trying to build a bridge of sand over a raging river.

No matter how much sand you jump in the river or how fast you dump it, it all ends up flowing away downstream.

pilamaye on September 6, 2010 at 10:54 AM

We’re gonna need a bigger mint.

itsacookbook on September 6, 2010 at 10:53 AM

+100

Key West Reader on September 6, 2010 at 10:55 AM

Insanity is doing the same thing over an over again expecting a different result.

Then again talking logic to illogial people will not produce results either!

[Insert SuperTramp's Logical Song here]

Rndguy on September 6, 2010 at 10:56 AM

“Recovery Summer” becomes “Recovery Fall?”

They wasted nearly two years screwing around with ‘health care reform’ and now they’re trying to goose things up for an election.

What a bunch of idiots.

Cody1991 on September 6, 2010 at 10:56 AM

insists on retrying Plan A over and over again in the hope that it might work once.

Isn’t this the classic definition of insanity? Trying the same thing over again expecting different results. The patients are running the asylum!

tims472 on September 6, 2010 at 10:57 AM

Impetus behind more stimulus:

“Surely this Keynes model has to work at some point”

chickens. hardest hit.

ted c on September 6, 2010 at 10:58 AM

Rndguy on September 6, 2010 at 10:56 AM

Oops! Great minds think alike!

tims472 on September 6, 2010 at 10:58 AM

Anybody see any actual infrastructure built?

PattyJ on September 6, 2010 at 10:38 AM

A bridge got rebuilt about a mile down the street from me. Ed Spendell, Arlen Spectre and Joe Biteme all showed up for the kickoff and they put up the big Porkulus sign and everything.

Problem is, the bridge was funded for replacement by PennDOT this year. All they did was move up the schedule one year and change the funding over to Porkulus. They just poached the project for a photo-op, and in the end, it was just another case of Porkulus subsidizing a state budget. No stimulative effect. No “investment” going on. Pure smoke and mirrors.

forest on September 6, 2010 at 10:58 AM

Wow, have the Obama bumper stickers gone into hiding around my part of the country… Nowhere to be found, not even in Bozeman where Liberals were fainting for this man two years ago. The man-child is an embarrassment to our nation, and even devout Liberals are going into hiding behind policies that have failed. Tax and spend; it’s all Liberals know along with enriching themselves along the way.

Keemo on September 6, 2010 at 10:59 AM

If they waived environmental impact statements I might think they were serious.

rob verdi on September 6, 2010 at 10:32 AM

Ugh. They hire consultants to write those EISs. They are usually, retired gov. employees who spent the last decade or two on the job and on the taxpayer’s dime, networking for when they opened their consulting business. Those studies often cost close to a million bucks.

Blake on September 6, 2010 at 10:59 AM

Party of Owe.

The Mega Independent on September 6, 2010 at 11:00 AM

I did a couple of driving trips through Minnesota, Iowa, Wisconsin, Kansas, and Missouri over the past year and saw plenty of ARRA signs on road construction projects. One local project closed an important freeway interchange for two months when it didn’t even have surface issues to repair. Most of them were just accelerated wish-list projects that were not needed and didn’t produce any lasting jobs at all. That was certainly the case for that remodeled interchange.

I saw at least one project in New Mexico that was re-branded with the ARRA logos after the fact — that is, the project to resurface and widen a highway had begun prior to Obama’s election and the passage of the stimulus plan, but then the signs went up, presumably at Gov. Richardson’s orders, to make it seem as if every road project had the stimulus to thank for it’s being.

I know Obama thinks that by paring the additional $50 billion in spending with his targeted tax cuts in Wednesday’s speech, he’s going to be able to get the spending to slide through. But at the moment the majority of the public has such a visceral distaste for any additional federal spending that the tax cuts aren’t going to save him or his fellow Dems and that they’re not going to be able to raise spending again just because they’re throwing small business a very small bone in the run-up to the fall elections.

(And if the Republican House really wants to have fun if they take over next year — or the Senate, if the GOP wave in November is a tsunami — one of the things they ought to do it hold public hearings on where exactly did all that $1 trillion in stimulus money go, to the point that it made little or no impact on the U.S. economy. The results I think would be very enlightening, but unless Fox or a handful of other news outlets do it, it’s not a story the big media is going to care about looking into.)

jon1979 on September 6, 2010 at 11:01 AM

787 billion wasn’t enough. I guess it was just 50 billion shy.

/sarc

single stack on September 6, 2010 at 11:01 AM

Federal stimulus money is just used to juggle the accounting of who pays. No new projects are added, just that the Federal govt. now pays for the road projects instead of the state.

albill on September 6, 2010 at 10:53 AM

Everything that you say is true except that in the end, it is the taxpayer who foots the bill, whether at the state or federal level.

onlineanalyst on September 6, 2010 at 11:01 AM

Happy Labor Day, Obama style. As in, you plebians can labor harder for less money while I run my worthless trap and head for the golf course.

Idiot.

Grace_is_sufficient on September 6, 2010 at 11:03 AM

Yeah, the only thing stopping the wife and I from wildly spending is the potholes in the road on the way to the store.

W.T.F?

It isn’t a stimulus, it’s a “simulus.” It’s meant to simulate how the economy would perform IF there was really actual wealth behind it. Without the actual wealth, no “stimulus” can ever work.

These folks don’t have a clue. And the insanity continues..

karl9000 on September 6, 2010 at 11:04 AM

Someone excused Obama because he was educated in ivy league schools and it is not his fault. Ivy league schools teach what it would be like in a perfect world if reality doesn’t exist. Since he has not been educated on reality of actual life experiences, how would he have a clue how things in the real world really work.Poor Obama knows what the perfect world is, but no conception of how to get there. Its hard to eat dreams, but I guess the American people will have to learn how until we elect a president who understands the the exceptionalism of who we are and dedicated to making reality work towards those goals. Poor Obama doesn’t have a clue, but its not his fault. Its the American people who elected this obviously naive and completey intellectually bankrupt empty suit.

volsense on September 6, 2010 at 11:05 AM

We been dancin’ with Mr. Brownstone
He’s been knockin’
He won’t leave me alone
No, no ,no, he won’t leave me alone
I used ta do a little but a little wouldn’t do
So the little got more and more
I just keep tryin’ ta get a little better
Said the little better than before
I used ta do a little but a little wouldn’t do
So the little got more and more
I just keep tryin’ ta get a little better
Said the little better than before

Chorus

Now I get up around whenever
I used ta get up on time
But that old man he’s a real muthaf**ker
Gonna kick him on down the line

Chorus
Shoved it in the bindle and I shot it in the middle
And it, it drove outta my mind
I should’ve known better, said I wish I never met her Said I,
I leave it all behind Yowsa!

http://www.lyrics007.com/Guns%20N%27%20Roses%20Lyrics/Mr.%20Brownstone%20Lyrics.html

****************

who would have known that Axl Rose’s missive about mainlining heroin would apply to government spending of huge sums of money??

ted c on September 6, 2010 at 11:06 AM

Wanna know the best part?

The ONLY parts of Porkulus that actually succeeded in providing a short-term jolt to the economy were the cash for clunkers program and the new homebuyer tax credit. That’s it.

The cash for clunkers program gave a TAX BREAK for people who traded in their old car for a new one. The Homebuyer tax credit provided a TAX BREAK for people buying new homes.

However temporary the benefits were for either program the fact is those were the ONLY programs that actually stimulated the economy and they were TAX BREAKS.

This administration knows that the only effective stimuli out of the entire porkulus were the 12 billion-dollar TAX BREAKS out of 787 billion dollars in pork.

Imagine if the other 775 billion were tax cuts too.

Khorum on September 6, 2010 at 11:08 AM

We’re gonna need a bigger mint.

itsacookbook on September 6, 2010 at 10:53 AM

That’s in the October stimulus bill — Congress to allocate $50 billion ito upgrade Bureau of Printing and Engraving printing presses.

CJ on September 6, 2010 at 11:08 AM

NY Post article shows what a sham the first stimulus was. http://bit.ly/9LGIIn

debg on September 6, 2010 at 11:08 AM

$50 billion is $800 per family

faraway on September 6, 2010 at 11:10 AM

Just how UN-imaginative can he be? It’s a very old joke that socialists are boring and unimagiantive, but come on.

JimP on September 6, 2010 at 11:11 AM

Stimulate the economy…lift the drilling moratorium!

Jocundus on September 6, 2010 at 11:12 AM

Oops! Great minds think alike!

tims472 on September 6, 2010 at 10:58 AM

Never a problem! Just glad someone else thought the same thing!

Rndguy on September 6, 2010 at 11:13 AM

Wow, have the Obama bumper stickers gone into hiding around my part of the country

That would explain all the scratchy fenders on Volvos…

karl9000 on September 6, 2010 at 11:13 AM

I’ve driven all over Cali these last 12 months and have seen plenty of ARRA signs, but not once did I ever see anyone actually working. Oh correct that, I once saw a crew of 6 putting in an ARRA sign near Gilroy, CA.

That’s progress, marxist style.

jbh45 on September 6, 2010 at 11:13 AM

karl9000 on September 6, 2010 at 11:04 AM

Exactly right Karl… Well stated.

Keemo on September 6, 2010 at 11:13 AM

We are eight weeks from fundamentally restoring the United States of America!

long_cat on September 6, 2010 at 11:14 AM

Don’t call it Porkulus – call it Stimulus. America knows exactly what that means: Trillions in debt and almost 10 percent officially unemployed.

CWforFreedom on September 6, 2010 at 11:14 AM

I find this news heartening, in a morbid sort of way. That is, could Obama really be this stupid? It appears so.

rrpjr on September 6, 2010 at 11:14 AM

That would explain all the scratchy fenders on Volvos Priuses…

karl9000 on September 6, 2010 at 11:13 AM
There now your comment applies to Cali….

jbh45 on September 6, 2010 at 11:16 AM

Is this the grand new economic strategy PBHO was talking about, or is that yet to come? *shudder*

Bishop on September 6, 2010 at 11:16 AM

The GOP has to have the narrative or the Democrats will use it to slam us with lies!

Speakup on September 6, 2010 at 11:17 AM

Illustrated comment

Shy Guy on September 6, 2010 at 11:18 AM

Grace_is_sufficient on September 6, 2010 at 11:03 AM

LOL Grace…
Happy day off HA community members. The wife and I are going to spend our day outside preparing for winter, and then enjoy a good meal with our sons, along with a good college football game on the tube.. Hope you all have a great day.. :-)

Keemo on September 6, 2010 at 11:18 AM

I find this news heartening, in a morbid sort of way. That is, could Obama really be this stupid? It appears so.

rrpjr on September 6, 2010 at 11:14 AM

I am sure many House and Senate Democrats are saying the same thing! Even Russ Fingold won’t be near him today. This guy is becoming so toxic he is his own “Super Fund”. [Pun intended]

Rndguy on September 6, 2010 at 11:18 AM

OT: The Obama regime is collecting info on you at new DOL website

faraway on September 6, 2010 at 11:20 AM

Deja vu all over again.

AZCoyote on September 6, 2010 at 11:24 AM

Billions and billions of dollars with nothing to show for it.

Since liberals think that throwing money at a problem is the solution, they could have given each citizen $1 million. Pay down the mortgage, pay off bills, tide them over until the economy picks up….. why not?

That would have been $300 million well spent while these billions swirl down the drain.

Cody1991 on September 6, 2010 at 11:24 AM

A zealot is someone who redoubles his effort when he’s forgotten his aim.

Make you think of anyone in particular?

cheeflo on September 6, 2010 at 11:25 AM

In talking to a “flag girl” working at an Obama Road project, she told me when they get a obama project—her wages went from 14.00/hr…….to 26/hr automatically

efficiency

sbark on September 6, 2010 at 11:26 AM

The Won snarks on a regular basis about the tired ideas of the Right, how does borrow, tax and spend equate into bold new territory?

Cindy Munford on September 6, 2010 at 11:28 AM

That would have been $300 million well spent while these billions swirl down the drain.
Cody1991 on September 6, 2010 at 11:24 AM

There are only 300 people in the U.S.?

Bishop on September 6, 2010 at 11:28 AM

Our One Trick Pony President doesn’t have any other “ideas”. THE SOCIALIST WAY is the ‘only’ way. It’s always the people who are at fault.

GarandFan on September 6, 2010 at 11:28 AM

Dem/Obama plan to ‘create’ jobs not created by spending massive amounts of money…spend even more massive amounts of money.

These guys are the Wile E. Coyote type ‘genius’…

catmman on September 6, 2010 at 11:28 AM

Update: Commenter PattyJ wonders if anyone actually saw “infrastructure” being built from the original Porkulus. Sure, I did; I did a couple of driving trips through Minnesota, Iowa, Wisconsin, Kansas, and Missouri over the past year and saw plenty of ARRA signs on road construction projects.

Ed, out here in SoCal they tore up a hillside section of the 91 going into Chino and took the opportunity to put up one o’ them signs. I am sure it was just a matter of “as long as we’re at it..”

The War Planner on September 6, 2010 at 11:30 AM

That works out to about 150 bucks to be taken from legal residents.
Who is it given to? China? Or is it $300 taken from tax payers to be given to non tax payers? Maybe it’s to be taken from future inflation ’cause Lord knows we’re broke and we will have to print the money.

oldernwiser on September 6, 2010 at 11:31 AM

So i guess the dems have decided not to renew Bush child tax credit of $500 per child. Dems hate children

unseen on September 6, 2010 at 11:32 AM

I’ll take “what is the sound of 50 billion flushing toilets?” for the win, Alex.

Chuck Schick on September 6, 2010 at 11:34 AM

Since liberals think that throwing money at a problem is the solution, they could have given each citizen $1 million. Pay down the mortgage, pay off bills, tide them over until the economy picks up….. why not?

That would have been $300 million well spent while these billions swirl down the drain.

Cody1991 on September 6, 2010 at 11:24 AM

“..from each according to his means to each according to his needs.”

(I get your point, however. We would be $797 billion ahead at this juncture.)

The War Planner on September 6, 2010 at 11:34 AM

There are only 300 people in the U.S.?

Bishop on September 6, 2010 at 11:28 AM

Lol….. I meant $1 million for each citizen.

It sounds like a stupid idea, but considering what has been used to pay off unions, wasted, dropped into some accounting hole, etc. , why not? We sent approx. 100 million to Haiti alone, not to mention the building of mosques overseas, foreign aid to a variety of countries and so on.

Why not keep some here and help our own? All we can look forward to is a gigantic tax bill.

Cody1991 on September 6, 2010 at 11:35 AM

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