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Author Topic: STIMULUS DEAL REACHED: $780,000,000,000.00  (Read 7156 times)

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Offline ReardenSteel

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STIMULUS DEAL REACHED: $780,000,000,000.00
« on: February 06, 2009, 06:43:15 PM »
http://www.breitbart.com/article.php?id=D966D55O0&show_article=1

(hat tip to Drudge for pic and link)

WASHINGTON (AP) - Amid stunning new job losses and yet another bank failure, key senators and the White House reached tentative agreement Friday night on an economic stimulus measure at the heart of President Barack Obama's recovery plan. Two officials said the emerging agreement was for a bill with a $780 billion price tag, but there was no immediate confirmation.
The tentative agreement capped a tense day of back room negotiations in which Senate Majority Leader Harry Reid, joined by White House chief of staff Rahm Emanuel, sought to attract the support of enough Republicans to give the measure the needed 60-vote majority.

Officials strongly suggested that Sen. Edward M. Kennedy's vote would be needed to assure passage. The Massachusetts Democrat, battling a brain tumor, has been in Florida in recent days and has not been in the Capitol since suffering a seizure on Inauguration Day more than two weeks ago. The senator's office did not comment.

Reid met privately in the Capitol with members of his rank-and-file to present the proposed deal.

At $780 billion, the legislation would be smaller than the measure that cleared the House on a party-line vote last week. It also would mean a sharp cut from the bill that has been the subject of Senate debate for a week. That measure stood at $937 billion.

Beyond the numbers, though, any agreement would mark a victory for the new president and would keep Democratic leaders on track to fulfill their promise of delivering him a bill to sign by the end of next week
« Last Edit: February 06, 2009, 06:45:32 PM by ReardenSteel »
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"When you see that trading is done, not by consent, but by compulsion - when you see that in order to produce, you need to obtain permission from men who produce nothing - when you see that money is flowing to those who deal, not in goods, but in favors - when you see that men get richer by graft and by pull than by work, and your laws don't protect you against them, but protect them against you - when you see corruption being rewarded and honesty becoming a self-sacrifice - you may know that your society is doomed."

- Ayn Rand
http://www.capmag.com/article.asp?ID=1826

Offline Mr Mannn

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Re: STIMULUS DEAL REACHED: $780,000,000,000.00
« Reply #1 on: February 06, 2009, 06:44:59 PM »
 :thatsright: we are sooo screwed.
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Offline Redstatecka

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Re: STIMULUS DEAL REACHED: $780,000,000,000.00
« Reply #2 on: February 06, 2009, 06:55:09 PM »
The two Republicans who appear to have turn-coated, Collins or Snowe, as well as Specter, should be tossed from the GOP.

As I heard Sean Hannity say on his radio show today, he will do all that he can to defeat ANY Republican senator who sides with the Democrats on this pork giveaway, as it's currently constructed.

I'm with him.

While two Republicans does not bipartisanship make, it gives the Dems and Obama a victory on something that will damage America greatly.

But, now, are those Repubs really Repubs? Not. RINOs at very best.
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Offline ReardenSteel

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Re: STIMULUS DEAL REACHED: $780,000,000,000.00
« Reply #3 on: February 06, 2009, 06:56:26 PM »
Quote from: Mr Mannn on February 06, 2009, 06:44:59 PM
:thatsright: we are sooo screwed.

Yup. I had a different pic in mind than the Drudge Report though...




The good folks at PowerLine are reporting that 3 maybe 4 so called Republicans turned on us. (no names yet) But they do note the tiny sliver of good that might come out of this...
Quote
The important thing, I think, is that Barack Obama and the Democrats own this bill, and they will own the consequences that almost certainly will result: delayed recovery (although this will be impossible to prove), unprecedented deficits, tax increases and inflation. Republicans, meanwhile, continue to come up with better alternatives, most recently John Thune's proposal to scrub the entire pork bill and:

...replace it with a $936 billion across-the-board-middle-class tax rebate for 182 million Americans. The amendment would result in a tax rebate of $5,143 for single filers and $10,286 for married couples who file jointly.

That's obviously a better idea, but it wouldn't increase the power of government, so the Democrats aren't interested.

http://www.powerlineblog.com/archives/2009/02/022762.php
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"When you see that trading is done, not by consent, but by compulsion - when you see that in order to produce, you need to obtain permission from men who produce nothing - when you see that money is flowing to those who deal, not in goods, but in favors - when you see that men get richer by graft and by pull than by work, and your laws don't protect you against them, but protect them against you - when you see corruption being rewarded and honesty becoming a self-sacrifice - you may know that your society is doomed."

- Ayn Rand
http://www.capmag.com/article.asp?ID=1826

Offline DixieBelle

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Re: STIMULUS DEAL REACHED: $780,000,000,000.00
« Reply #4 on: February 06, 2009, 06:57:14 PM »
It's time to clean house. And the senate. Ugh.
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Offline ReardenSteel

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Re: STIMULUS DEAL REACHED: $780,000,000,000.00
« Reply #5 on: February 06, 2009, 07:07:08 PM »
Quote from: DixieBelle on February 06, 2009, 06:57:14 PM
It's time to clean house. And the senate. Ugh.

Da comrade! You speak the current truth sister. Man. Dosen't it feel like we just went through an election a few months ago though? Who knew they could screw up this bad and this fast?

One good thought. McCain would have done the same damn thing if he had won and it would have been the "conservatives" with this albatros hung around our necks rather than "theirs".
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"When you see that trading is done, not by consent, but by compulsion - when you see that in order to produce, you need to obtain permission from men who produce nothing - when you see that money is flowing to those who deal, not in goods, but in favors - when you see that men get richer by graft and by pull than by work, and your laws don't protect you against them, but protect them against you - when you see corruption being rewarded and honesty becoming a self-sacrifice - you may know that your society is doomed."

- Ayn Rand
http://www.capmag.com/article.asp?ID=1826

Offline Airwolf

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Re: STIMULUS DEAL REACHED: $780,000,000,000.00
« Reply #6 on: February 06, 2009, 07:39:45 PM »
The only good thing to come of this is that only a few republicans betreyed their party and their country.
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Offline jinxmchue

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Re: STIMULUS DEAL REACHED: $780,000,000,000.00
« Reply #7 on: February 06, 2009, 07:56:13 PM »
Quote from: DixieBelle on February 06, 2009, 06:57:14 PM
It's time to clean house. And the senate. Ugh.

When this bill doesn't work to stimulate the economy and America goes further down the toilet, we will in a bit less than 2 years.  It's the Dems' bill and it will be the Dems' mess.  They will try to deny it (like they tried to deny the current economic crisis is their fault, too), but we must not let them!  They MUST pay dearly at the polling booths in 2010.  It's nice to know that Obama is sealing his fate as a one-term president right out of the gate, though.
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Offline Redstatecka

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Re: STIMULUS DEAL REACHED: $780,000,000,000.00
« Reply #8 on: February 06, 2009, 08:10:02 PM »
Snowe, Collins and Specter defected.

Amount is now LARGER than what the House sent over.

Cost per job created, according to a Republican senator: well over $100,000 per job.

He did say bill would pass Senate.

Maybe this can still be construed as essentially a Democrat bill.

Saxby Chamblisse said, "This is he most serious vote" in which he's ever been involved.
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Offline ReardenSteel

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Re: STIMULUS DEAL REACHED: $780,000,000,000.00
« Reply #9 on: February 06, 2009, 08:11:13 PM »
Commie bastards...
http://www.foxnews.com/politics/2009/02/06/senators-reach-tentative-deal-b-economic-stimulus/

Quote
Senators have reached a tentative deal on a version of President Obama's economic stimulus plan, including about $805 billion in spending and tax cuts, that will win enough Republican votes to move forward.

Sens. Arlen Specter of Pennsylvania and Susan Collins of Maine appeared to be the critical Republicans to sign onto the bill, giving Democrats the 60 votes needed to advance to a final vote. Democrats also voiced confidence that Republican Sen. Olympia Snow of Maine also would vote for the plan.

Minority Leader Mitch McConnell said he doubts a vote will take place Friday night, suggesting the Senate will act sometime next week. As Majority Leader Harry Reid reconvened the session on the Senate floor Friday night, Sen. John Kyl, R-Ariz., told FOX News it's looking like action will come Sunday.

As part of the deal, spending in the bill was reduced while tax cuts were increased, for a mix of 58 percent spending and 42 percent tax cuts. A senior Democratic leadership aide said the White House was on board.


FOX News says maybe $805B not $780B.

Via Hot Air....
Quote
Update: What a scam. Carl Levin says that the money being yanked out now to get the bill through the Senate might very well be reinserted during the conference committee with the House.
http://hotair.com/archives/2009/02/06/breaking-senate-centrists-reach-deal-on-stimulus/


Why do I vote Republican again? For the life of me I can't remember. They spent and spent and spent us into the ground for years and didn't take on fannie and freddie when they did have power (before 2006) I'd say I'm a 3rd party man from here on out but I'd be thrilled to my toes if we at least had two ****ing parties to choose from.

 :banghead: :banghead:

**** I sound like a depressed DUer.  :lmao:

 :gives:
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"When you see that trading is done, not by consent, but by compulsion - when you see that in order to produce, you need to obtain permission from men who produce nothing - when you see that money is flowing to those who deal, not in goods, but in favors - when you see that men get richer by graft and by pull than by work, and your laws don't protect you against them, but protect them against you - when you see corruption being rewarded and honesty becoming a self-sacrifice - you may know that your society is doomed."

- Ayn Rand
http://www.capmag.com/article.asp?ID=1826

Offline Redstatecka

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Re: STIMULUS DEAL REACHED: $780,000,000,000.00
« Reply #10 on: February 06, 2009, 08:12:41 PM »
02.06.09 -- R.I.P. Capitalism.
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Offline rich_t

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Re: STIMULUS DEAL REACHED: $780,000,000,000.00
« Reply #11 on: February 06, 2009, 08:13:28 PM »
Quote from: Redstatecka on February 06, 2009, 08:10:02 PM
Snowe, Collins and Specter defected.

Amount is now LARGER than what the House sent over.

Cost per job created, according to a Republican senator: well over $100,000 per job.

He did say bill would pass Senate.

Maybe this can still be construed as essentially a Democrat bill.

Saxby Chamblisse said, "This is he most serious vote" in which he's ever been involved.

I say take that money, divide it equally among all those that actually voted in the last election.

Let us spend it as we desire.
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Offline rich_t

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Re: STIMULUS DEAL REACHED: $780,000,000,000.00
« Reply #12 on: February 06, 2009, 08:15:52 PM »
Quote from: Redstatecka on February 06, 2009, 08:12:41 PM
02.06.09 -- R.I.P. Capitalism.

America died on 01/20/09.

America elected a communist in socialist clothing. 

That is the date that he was sworn into office.
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Offline Redstatecka

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Re: STIMULUS DEAL REACHED: $780,000,000,000.00
« Reply #13 on: February 06, 2009, 08:18:59 PM »
Quote
Update: What a scam. Carl Levin says that the money being yanked out now to get the bill through the Senate might very well be reinserted during the conference committee with the House.

Heard the same thing.

So, definitely, what's now on the floor of the Senate is MUCH WORSE than what arrived from the House.

Remember: Only about 37 percent of polled Americans still support this.

If nothing else, this should be a litmus test for those who call themselves Republicans and/or conservatives, in Congress or out of it.

02.06.09 -- Freedom, capitalism, risk/reward died. We've now just become a third-rate country.

It took Obama, the Democrats, liberals and leftists, as well as three Republican senators, only three weeks to do this.

If they'd done nothing, we'd have been out of this recession in 18-24 months, without this monstrosity and generational back-breaking, tax-breaking pork.
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"It cannot be emphasized too strongly or too often that this great nation was founded, not by religionists, but by Christians not on religions, but on the gospel of Jesus Christ! For this very reason, peoples of other faiths have been afforded asylum, prosperity and freedom of worship here." -- Patrick Henry, 1765

Offline Redstatecka

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Re: STIMULUS DEAL REACHED: $780,000,000,000.00
« Reply #14 on: February 06, 2009, 08:20:17 PM »
Quote from: rich_t on February 06, 2009, 08:15:52 PM
America died on 01/20/09.

America elected a communist in socialist clothing. 

That is the date that he was sworn into office.

Sure. Works for me.
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"It cannot be emphasized too strongly or too often that this great nation was founded, not by religionists, but by Christians not on religions, but on the gospel of Jesus Christ! For this very reason, peoples of other faiths have been afforded asylum, prosperity and freedom of worship here." -- Patrick Henry, 1765

Offline Schadenfreude

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Re: STIMULUS DEAL REACHED: $780,000,000,000.00
« Reply #15 on: February 06, 2009, 08:22:06 PM »
Unbelievable.... Snowe, Collins and Specter going all mavericky on us.  :loser:
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Offline ReardenSteel

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Re: STIMULUS DEAL REACHED: $780,000,000,000.00
« Reply #16 on: February 06, 2009, 08:22:48 PM »
Quote from: Redstatecka on February 06, 2009, 08:18:59 PM
Heard the same thing.

So, definitely, what's now on the floor of the Senate is MUCH WORSE than what arrived from the House.

Remember: Only about 37 percent of polled Americans still support this.

If nothing else, this should be a litmus test for those who call themselves Republicans and/or conservatives, in Congress or out of it.

02.06.09 -- Freedom, capitalism, risk/reward died. We've now just become a third-rate country.

It took Obama, the Democrats, liberals and leftists, as well as three Republican senators, only three weeks to do this.

If they'd done nothing, we'd have been out of this recession in 18-24 months, without this monstrosity and generational back-breaking, tax-breaking pork.


Yep-yep-yep Uh-huh Uh-huh.

I just became a first time Uncle a few weeks ago. Can't wait to tell the little munchkin he's going to be paying for this shit for the rest of his life. Not a month old and I've already let him down.
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"When you see that trading is done, not by consent, but by compulsion - when you see that in order to produce, you need to obtain permission from men who produce nothing - when you see that money is flowing to those who deal, not in goods, but in favors - when you see that men get richer by graft and by pull than by work, and your laws don't protect you against them, but protect them against you - when you see corruption being rewarded and honesty becoming a self-sacrifice - you may know that your society is doomed."

- Ayn Rand
http://www.capmag.com/article.asp?ID=1826

Offline ReardenSteel

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Re: STIMULUS DEAL REACHED: $780,000,000,000.00
« Reply #17 on: February 06, 2009, 08:27:09 PM »
Quote from: Schadenfreude on February 06, 2009, 08:22:06 PM
Unbelievable.... Snowe, Collins and Specter going all mavericky on us.  :loser:

The usual suspects.  :(

At least crybaby Ohio "R" Voinovich seems to have fallen in line with the good guys for once. (unless I spoke too soon)
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"When you see that trading is done, not by consent, but by compulsion - when you see that in order to produce, you need to obtain permission from men who produce nothing - when you see that money is flowing to those who deal, not in goods, but in favors - when you see that men get richer by graft and by pull than by work, and your laws don't protect you against them, but protect them against you - when you see corruption being rewarded and honesty becoming a self-sacrifice - you may know that your society is doomed."

- Ayn Rand
http://www.capmag.com/article.asp?ID=1826

Offline ReardenSteel

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Re: STIMULUS DEAL REACHED: $780,000,000,000.00
« Reply #18 on: February 06, 2009, 08:32:14 PM »
Quote
WASHINGTON, DC - U.S. Senator James Inhofe (R-Okla.), issued the following statement tonight after the announcement of a compromise on the Senate stimulus bill.

"While I appreciate the efforts of my colleagues to bring down the price tag of this bill, the fact is we still face a trillion dollar spending bill. Making it worse, the bill is 93% spending and only 7% stimulation. Over the past few days I have fought to include more in the way of real stimulus through higher percentage of infrastructure and defense spending, while working to cut much of the typical government waste often found in a bill of this size. Yet Democrats have blocked these efforts.

"The good news tonight is that the American people are catching on to the fact that this largest spending bill in history and are becoming more and more vocal in their opposition. My offices in Oklahoma and Washington DC have been flooded with emails, phone calls and faxes overwhelmingly opposed to this trillion dollar legislation. They can rest assured that my vote remains an unwavering ‘no.'"


Did Inhofe stand up to Bush's overspending too or is this just damage control for Republicans? My spotty memory seems to be telling me he is one of the good guys. (Maybe I should move back to Oklahoma, lol)
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"When you see that trading is done, not by consent, but by compulsion - when you see that in order to produce, you need to obtain permission from men who produce nothing - when you see that money is flowing to those who deal, not in goods, but in favors - when you see that men get richer by graft and by pull than by work, and your laws don't protect you against them, but protect them against you - when you see corruption being rewarded and honesty becoming a self-sacrifice - you may know that your society is doomed."

- Ayn Rand
http://www.capmag.com/article.asp?ID=1826

Offline Hawkgirl

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Re: STIMULUS DEAL REACHED: $780,000,000,000.00
« Reply #19 on: February 06, 2009, 08:34:43 PM »
We're officially Canada.

40 -50% tax bracket.  Wait for it.
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Offline Tess

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Re: STIMULUS DEAL REACHED: $780,000,000,000.00
« Reply #20 on: February 06, 2009, 08:46:59 PM »
Quote from: Schadenfreude on February 06, 2009, 08:22:06 PM
Unbelievable.... Snowe, Collins and Specter going all mavericky on us.  :loser:

Hannity is relentless.  He is going to truly get the voters riled up and this will not be forgotten during the next election.  The ones who officially vote for this package need to be considering new careers now.  Maybe Al Gore can help them see the light and jump on the global warming campaign.

As was stated in this thread elsewhere the thing that will be taken out will either be put back in in their amendments or the amendments will balloon.  Because, they can.

 :banghead:
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Offline AllosaursRus

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Re: STIMULUS DEAL REACHED: $780,000,000,000.00
« Reply #21 on: February 06, 2009, 09:17:20 PM »
I cannot believe the Repubs don't threaten these idiots with dire consequentions if they vote with the Dems!

Why do we even have political parties if we cannot hold together over important legislation like this? I'm just at a loss on party politics. WTF are these three idiots thinking?

It is evident to me they do not realize this could be the single most negative POS that comes out of the congress for the next frikkin' 10 years!

These 3 asshats need to just change their affiliation to DUmbocRat!
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Offline docstew

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Re: STIMULUS DEAL REACHED: $780,000,000,000.00
« Reply #22 on: February 06, 2009, 09:24:44 PM »
If this is enacted, I can only hope that on their deathbed, everyone involved in the passage will be told by their children/grandchildren that they won't be able to attend a funeral and don't want the inheritance because of the taxes they have to pay... if only grandpa hadn't voted yes back in '09...
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Offline ReardenSteel

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Re: STIMULUS DEAL REACHED: $780,000,000,000.00
« Reply #23 on: February 06, 2009, 09:47:57 PM »
Drudge Report now says "STIMULUS DEAL REACHED: $780-827,000,000,000.00". I don't have the will to follow this story anymore tonight.

 :bs:
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"When you see that trading is done, not by consent, but by compulsion - when you see that in order to produce, you need to obtain permission from men who produce nothing - when you see that money is flowing to those who deal, not in goods, but in favors - when you see that men get richer by graft and by pull than by work, and your laws don't protect you against them, but protect them against you - when you see corruption being rewarded and honesty becoming a self-sacrifice - you may know that your society is doomed."

- Ayn Rand
http://www.capmag.com/article.asp?ID=1826

Offline Jim

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Re: STIMULUS DEAL REACHED: $780,000,000,000.00
« Reply #24 on: February 06, 2009, 10:37:01 PM »
Quote from: ReardenSteel on February 06, 2009, 09:47:57 PM
Drudge Report now says "STIMULUS DEAL REACHED: $780-827,000,000,000.00". I don't have the will to follow this story anymore tonight.

 :bs:



yes, they left off all the new pork they voted on in the floor crap.

and once iot gets through committee it will be back to three trillion.

better not put money in bonds, we'll never be able to repay them.
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