Tag Archives: Stimulus

President Obama rumbles with House GOP

Cameras Roll As Obama Schools Republicans


BALTIMORE — President Barack Obama on Friday accused Republicans of portraying health care reform as a “Bolshevik plot” and telling their constituents that he’s “doing all kinds of crazy stuff that’s going to destroy America.”

Speaking to House Republicans at their annual policy retreat here, Obama said that over-the-top GOP attacks on him and his agenda have made it virtually impossible for Republicans to address the nation’s problems in a bipartisan way.

“What happens is that you guys don’t have a lot of room to negotiate with me,” Obama said. “The fact of the matter is, many of you, if you voted with the administration on something, are politically vulnerable with your own base, with your own party because what you’ve been telling your constituents is, ‘This guy’s doing all kinds of crazy stuff that’s going to destroy America.’ ”

Obama’s comments came in the midst of an extraordinary back-and-forth with Republican House members – a scene straight out of the House of Commons that played out live on cable TV.

Read more: POLITICO

From: Huffington Post
President Obama traveled to a House Republican retreat in Baltimore on Friday and delivered a performance that was at once defiant, substantive and engaging. For roughly an hour and a half, Obama lectured GOP leaders and, in a protracted, nationally-televised question-and-answer session, deflected their policy critiques, corrected their misstatements and scolded them for playing petty politics.

“So effective was the president that Fox News cut away from the broadcast 20 minutes before it ended”

Vodpod videos no longer available.

Today the President did something unusual in American politics – initiated an open dialogue with members of the opposite party. Visiting the House Republican retreat, he took questions on anything they wanted to talk about. He heard them out, acknowledged where they were right, and gave a genuine explanation where he felt they were wrong.

It’s worth noting that the President is looking to answer your questions as well. That’s why immediately after the State of the Union, we partnered with YouTube to give you an opportunity to ask questions of the President. Go and ask whatever you want, or just vote on other questions that your fellow citizens have submitted, and the President will answer some of those questions in a unique live event on Monday at WhiteHouse.gov.
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Watch the video of President Obama with House Republicans, then submit your own question or just vote on the questions that you’d like to see him answer on Monday.

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Federal Stimulus Program is Not Working… Except That It Is

Posted by LibbyShaw

VP Joseph Biden greets construction workers after delivering a speech in Kalamazoo, Michigan

The Republicans and their water carrying blustering blowhards in the conventional wisdom alternative universe bubble have been frantically working 24/7 to fabricate the perception that the federal stimulus program is not working.

Those Americans who reside outside the Republican and conventional “wisdom” bubble, i.e. Joe, Jose, Jane, Yolanda, Chen, Hui, Omar and Laqueesha (to name a handful) have a far different view of the federal stimulus program.

It seems that Republicans and the Party’s blowhards ignored the recently released Congressional Budget Office report. Or perhaps the Republicans and its tools did not like what they read. Yikes, this stimulus can’t work or we are dead. Change the message! If the government works we lose! No matter what, kill off any good news about the stimulus program! Who cares what happens to the average Jane and Joe Americans? WTF are they?! This is all about us and our ability to stockpile as much money for ourselves as we can! Heaven help us! Change the bleeping bleepity bleep message! Jeeze oh Pete – gin up a freaking war if need be!

The nonpartisan Congressional Budget Office said the $787 billion stimulus package approved in February lowered the nation’s unemployment rate by between 0.3 and 0.9 percentage points while boosting the economy by between 1.2 percent and 3.2 percent. The analysis also found that three-quarters of the money provided in the stimulus had yet to be funneled into the economy by the end of September.

The report is a boost for the administration, which faced renewed questions last month over how many jobs the stimulus has produced after the Government Accountability Office said it found “significant” problems with the White House’s tally. The administration has estimated the stimulus created or saved 640,329 jobs through October.

The report released yesterday “leaves no doubt that the economy would be in much worse shape if the recovery act had not been implemented,” said House Education and Labor Committee Chairman George Miller, a California Democrat. “As the Obama administration and Congress continue to explore additional strategies to create jobs and build a foundation for long-term economic growth, it is critical to acknowledge the progress that has already been made.”

But Republicans, especially Texas Republicans and their propagandists at FOX seem to have a problem with facts that the party and its spin meisters do not manufacture.

Sigh. Oh, how we tragically know all about the GOP and its fiscal irresponsibility with its tax cuts for the 1 or 2% of the wealthy, the deregulation of the financial and energy sectors, while waging war on two fronts. Tell us about a war of choice vs. one of necessity. Tell us why we took our eye off of Afghanistan to go looking for Al-Qaeda and WMD’s that did not exist in Iraq? Thanks, too, Louie and Sean, for leaving both wars on the back of a new Administration. And please do accept our deep and heartfelt thanks for your leaving both wars on the backs of the American people, our children, grandchildren and generations of our great grandchildren to come.

Reality check on the federal stimulus program.

Where Texas is concerned we have been awarded $10,680,470,000 in stimulus funding. So far we have received $1,826,240,000.

Jobs created so far: 19,572.

Check out the facts of the American Recovery and Reinvestment Act.

The so-called conventional wisdom sounds like a bunch of conventional self-serving lying and hysterical stupidity to me.

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President Obama to Sign Worker, Homeownership and Business Assistance Act of 2009

Posted by Buellboy

U.S. Readies Jobless Aid and Help on Homes

obamasignsbillNew York Times/Jackie Calmes & David Stout—In separate actions to address Americans’ continuing economic hardship, the government moved Thursday to assist long-unemployed workers and struggling businesses, as well as home buyers and homeowners facing foreclosure.

Fannie Mae, the federally controlled mortgage company, announced a Deed for Lease program in which those in danger of eviction may be able to stay as tenants in their houses for at least a year.

UNEMPLOYMENT-largeAt the same time, Congress gave final approval to a stimulus measure that will extend unemployment benefits for the longtime jobless, aid that will bring total assistance for many to nearly two years. Other provisions of the bill will expand two popular tax breaks — one for home buyers, the other for businesses operating at a loss.

President Obama will sign the measure into law on Friday morning, aides said. That will allow him to deliver a bit of good news just as the government releases the monthly unemployment report, which is expected to confirm that the jobless rate remained around 10 percent in October.

ForeclosureTo that end, Democratic Congressional leaders expedited action on the legislation in recent days after six weeks of partisan wrangling in the Senate. The House, which passed a bill in September, voted Thursday by 403 to 12 to accept the version that the Senate finally approved unanimously on Wednesday. That sent the bill to the president.

The measure provides up to 14 weeks of additional assistance to unemployed people who have exhausted their state and federal benefits, but up to 20 additional weeks to those in about 26 states with unemployment rates exceeding 8.5 percent. In the past two months, more than 600,000 out-of-work people have exhausted their benefits, according to the National Employment Law Project, a liberal advocacy group. The legislation will not restore aid retroactively.

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More @ New York Times

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Filed under Democrats, Economy, Jobs, Politics, Stimulus, Uncategorized, Women's Issues

Recovery.org Website Upgrade Makes it Easier to Monitor Federal Stimulus

Posted by Buellboy

WWW.RECOVERY.ORG

WWW.RECOVERY.ORG

Los Angeles Times/Joe Markman—Since February, when the government launched a website, Recovery.gov, to provide a window on the federal stimulus package, critics have been calling for a makeover.

Now they have one.

The revamped website, unveiled today by the Recovery Accountability and Transparency Board at a cost of $9.5 million in stimulus funds, provides easier-to-use tools, such as a ZIP Code search that shows stimulus projects in local communities. The government has also opened a toll-free hot line (1-877-FWA-DESK) for reporting fraud, waste and abuse.

“This is definitely a step in the right direction,” said Craig Jennings, a policy analyst at OMB Watch, a nonprofit government watchdog.

Still, the government has a ways to go to complete transparency, Jennings said. The site, Recovery.gov, for instance, does not include complete data on recipients of stimulus money, and users face significant hurdles to using the information that is available.

“It’s more of a nose job than a face lift,” Jennings said. “You need to put these data in a simple text format that people can download and use in Excel.”

Cheryl Arvidson, a spokeswoman for the recovery board, said in response that Web developers were working on creating better downloadable features, but that it is hard to judge ease of use while much of the data has yet to be posted.

The government is set to release comprehensive data about recipient contracts Oct. 15, according to its website, and will post grant and loan information Oct. 30.

More @ los angeles times

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Ludacris Gives Away 20 Cars To Struggling Contest Winners

Rapper Ludacris smiles as Ella Me Johnson reacts to being presented with keys to her car at Nissan South, Sunday, Sept. 6, 2009 in Morrow, Ga.. Ludacris, The Ludacris Foundation and Nissan South partnered to give away 20 used vehicles to selected Metro Atlanta area residents as part of his LudaDay weekend. (AP Photo/Paul Abell)

Rapper Ludacris smiles as Ella Me Johnson reacts to being presented with keys to her car at Nissan South, Sunday, Sept. 6, 2009 in Morrow, Ga.. Ludacris, The Ludacris Foundation and Nissan South partnered to give away 20 used vehicles to selected Metro Atlanta area residents as part of his LudaDay weekend. (AP Photo/Paul Abell)


Posted by Buellboy

By Jonathan Landrum Jr./Huffington Post—Talk about a one-man stimulus package: Grammy-winning rapper Ludacris has given away 20 cars to people who wrote about their struggles to keep their jobs for a lack of wheels of their own.

Ludacris said he was taken aback after reading thousands of essays by people struggling or unable to buy cars needed to get to and from work or find jobs. The 31-year-old rapper felt he could step in and move them ahead, partnering with a suburban Atlanta dealership for Sunday’s giveaway.

“People are getting laid off, and now are looking for jobs,” Ludacris said. “To be efficient, you need some transportation of your own to get there. That’s why I wanted to give back to those who need it.”

Each of the used vehicles included free gas for 30 days. Winning contestants were responsible for tags, registration, tax and insurance. About 4,000 contestants submitted a 300-word essay to the rapper’s foundation, explaining why they deserved a car.

Cont’d

For more information on Luda visit The Ludacris Foundation, whose moto is Helping Youth Help Themselves

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Filed under Bailout, Economy, Media and Entertainment, Money, News, Philanthropy, Stimulus

How’s the Stimulus Working? In One Area at Least, Precisely as Intended

from:

Posted by GeoT

Remember the stimulus package? Yeah, that seems like ancient history to me too. But even with that said, the $787 billion economic lifeline is still in the rather early stages of filtering through to the economy. As of August 21st, $208 billion (or 26.4% of the total) was available overall and $84 billion of that had actually been spent. While the so-called “shovel ready” projects most typically associated with economic stimulus have been slow to get those shovels in the ground due to the inherently slow timeframe for the approval and funding of any contracting project, other income support and direct payment programs have been quick to move.

Virginia: Reversing Proposed Cuts in Health, Education and Public Safety

When Governor Kaine proposed a revised budget for 2009 and 2010, he did not take federal recovery act funding into account because the legislation was far from certain. Instead, he proposed deep spending cuts. A comparison of the governor’s proposal with the budget he eventually signed in March 2009 — which did reflect the recovery act — suggests the kinds of cuts the legislation allowed the state to avoid.

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