Showing posts with label RECOVERY PACKAGE. Show all posts
Showing posts with label RECOVERY PACKAGE. Show all posts

Tuesday, February 24, 2009

JIM CRAMER'S IDEAS ABOUT THE MORTGAGE CRISIS -GOOD IDEAS OR NOT?

Ok, we all know that there should have been more money for infrastructure spending, but Republicans wanted their tax cuts. So they got some, but then they still voted against the President's Recovery Plan. The President needed more money than $800 Bill; however, he knew he wouldn't get Republican support. Remember that "Oh my God", from Republican House Minority Leader John Boehner when he heard that the President's Plan was going to cost $800 bill? Look, the Chinese allotted a mere $600 billion just for their infrastructure. What the President asked for was pennies in comparison. No big surprise though ... every House Republican and all but three Republican Senators voted "nay" on the President's Plan.
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The Republicans who ruled the legislature for 12 years had no problem with Bush's spending [for the last 8 years] even though it drove us into this crisis. Now they're just "acting out", because they're no longer in power. Sore losers!
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[Insert: Wednesday, February 25, 2009: I'm editing this post regarding the above statement becaue I wanted to find out if Republicans are reading this blog ... guess they have; cause they used my "spending" comment to blame Democrats for the crisis and justify their opposition to the President's Recovery Plan. Now I can tell you the real reason why we're in this crisis ... it's called Bush policies, lack of regulation, corporate and managerial greed and corruption ... lies and arrogance ... Got that Republicans!]
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Anyway, yesterday [2/23], Chris Matthews had Jim Cramer as a guest on his show. Listen to some of Jim Cramer's ideas ... doesn't sound too bad... umm.
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Please shut off/pause music player to the right of this page before starting video.
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Visit msnbc.com for Breaking News, World News, and News about the Economy


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More ideas from Robert Kuttner:
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Sunday, February 22, 2009

GOV. BOBBY JINDAL TO TURN DOWN STIMULUS MONEY IN ONE OF THE POOREST STATES

Republican Govs. Haley Barbour (Miss.), Mark Sanford (S.C.), Bobby Jindal (La.) and Sarah Palin (Alaska) have all said they intend to turn down some of the funding. Other Republican governors have said they will generally accept all the funds allocated to their state, though some have hinted they may join the group over certain portions of the bill they oppose. [Source Politico]
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One of those threatening to not accept funds, Gov. Haley Barbour (R-Miss.), didn’t agree with Rendell’s estimation, but did concede that the perceived scope of the threat may be overblown. “I would think that 100 percent will take some percentage of the funding,” he said. Barbour added that he anticipates to turn down roughly $50 million in funding for social programs that he believes would be counterproductive. [Source Politico]
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Bobby Jindal's remarks on "Meet the Press" Sunday are suspect.
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Plus, many of the part-time workers who Jindal wants to exclude from unemployment benefits, are women with families in addition to low-income workers.
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Who is Bobby Jindal?
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In the aftermath of Katrina, when poor Whites were shooting at African Americans [see my post on Katrina], ... it's interesting that Jindal holds firm to anti-gun control ... or is that just Republican politics as usual?
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Jindal talks ethics reform, but, according to Nola.com [2/1/2008]:
"Jindal declined to say why he did not propose banning the use of campaign contributions to pay fines, which became a topic of debate last week when he was charged by the state Board of Ethics for failing to report $118,000 in contributions by the state Republican Party.
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Jindal's press secretary has said that the governor plans to pay a $2,500 fine to settle the matter, and that the money will come from his campaign account."
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I remember Jindal at the Republican Governor's meeting in Florida after the Republican Party's big defeat in the Presidential election and throughout the United States. There was much talk about changing school curriculum's to reflect Republican values and highlighting people who Republicans touted as Conservative/Republican heroes [I heard every word ... I watch C-SPAN often... guess no one else does].
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Ever wonder why the poor and low-income people can't get a break? The Politico Source tells all."
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No one wants to stay poor or earn very little wages, but there is a vested interest in keeping this group of people (poor and low income Caucasian/Native American/Hispanic/African American/etc.) "in their place". Sound familiar... used to hear that from ....umm .... yep, the South. Well these GOP Southern Governors are proving that they still need to keep certain folks "in their place". Voters ... don't forget these guys!
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Ms. Palin has about 98,000 Alaskan Natives and 20,000 African Americans in her state (many poor and low-income) ... guess she doesn't care about them either.
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We often hear people say that poor and low income people are ignorant and have low values. Truth is ... the educational system, the health care system and political system have failed them. Since many poor and low-income people are clustered together, needed funds are often diverted from or never get to their districts.
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The other thing that has been successful in keeping this group "in their place", is getting them to blame each other for their plight and fight among themselves.
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Well, when you cluster people together like pack rats, and deny them good water and sewer systems, lack of access to good health and dental care (and that includes mental health), make illegal drugs and alcohol attractive money making enterprises ... add in overcrowded and ill-equipped classrooms, with poorly trained or under-staffed teachers and decaying schools, that's a "catastrophe waiting to happen" and a "time bomb" ready to go off.
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That is why ACORN is such a threat. They bring the poor and low-income together for a common cause and benefit to offer "hope" and a better life. [If you want to keep the poor and low-income "in their place", you never want them to vote or ask for anything... and you want everyone to despise them.] Well, we have plenty of evidence that the poor and low-income are despised, disenfranchised and the most likely to end up in jail or prison.
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Once you're in the prison system, you might as well forget it... cause if and when you get out, it will become incredibly hard to integrate into mainstream society.
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So people ... parts of the President's Recovery Plan is a threat to those people who wish "those people" would stay "in their place". Guess what parts those GOP Governors want to turn down?
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Unless you make this a country where everyone has a chance to live a good decent life with "hope" for the future, this country will stay fractured/ruptured/divided and teetering on the brink of disaster.
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One more thing ... I was listening to Rick Sanchez on CNN a few weeks ago, and someone from Jindal's state [LA] twittered ... [in reference to "services" in Louisiana]... The twitterer said "what services?".
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Wednesday, February 18, 2009

UNBELIEVABLE!

NEWS FLASH EVERYONE!
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The "Minority Party", the "Party of Bad Judgement", the Party that the people of the United States did not vote for, the Party who ripped the economic fabric from this Nation and the World, the "Party of Nothing" is all over the air waves telling people the Recovery Package is BAD, BAD, BAD. They are everywhere ... CNN, C-SPAN (Oh my god!), FOX NEWS (no surprise), CBS, etc.
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IS THERE A NEWS AGENCY, STATION OR MEDIA CONGLOMERATE CHALLENGING THEM?
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Well we know there are, but except for Rachel Maddow and Keith Obermann, that news media has to beg for money to stay alive because they are not backed by the powerful Rupert Murdochs and various other media conglomerates of this world.
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IS ANYBODY LISTENING TO THE "PARTY OF "NO" the "PARTY OF NOTHING"?
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I DAMN SURE HOPE NOT!