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A Stimulating Plan For Who? May 15, 2009

Posted by kidkev in Stimulus plan.
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Where has all the money gone?  Well, the first report is in and they have no idea what thier talking about.  When asked about where the first $28 billion went to they were unable to answer the question.

The report was unveiled not by President Obama but by Vice President Joe Biden, who said it “shows early progress providing immediate financial relief for American families and jump-starting billions of dollars in job-creating projects.” In a press release, Biden claimed the stimulus has so far “created or saved” 150,000 jobs, and that “over 3,000 transportation construction projects have been funded in 52 states and territories.”

Biden seemed to have some info but where did it come from?  Let’s take a look and try to answer that.

You don’t have to look too hard to find problems with Biden’s work. First, nobody seems to know precisely where the figure of 150,000 jobs comes from. When President Obama used it in a speech on April 29, the website FactCheck.org pretty much demolished the claim. Previewing the Biden report on May 11, a “senior administration official” held a conference-call briefing with reporters and seemed unprepared when asked where the created-or-saved jobs actually are. “In terms of exactly where and in what sectors, that’s not something I have numbers on,” the official said, “because, precisely, we don’t yet have any of the reporting.”

Hmmm…Well that didn’t tell us anything or did it?  They have no idea is what this is telling atleast me.  They are trying to throw money at a problem (as history tells us that that’s what dems do, creat bigger government to fix the problem.  Bigger government costs more money, when are people going to figure this out?  BTW, what goverment program hasn’t gotten more expensive every year while never fixing the original problem?  Answer: none) I digress, they have no idea how to fix!

And where did it go? More than 95 percent has ended up in just two places: the Department of Health and Human Services and the Department of Labor. The Human Services money was poured into a program called FMAP, or the Federal Medical Assistance Program, where it was given to the states to help pay their Medicaid bills. The Labor money has gone for extended unemployment insurance benefits.

Ahhh…I see, like I said, more money into more failed governmant programs.

The report also shows that Health and Human Services will distribute by far the biggest chunk of stimulus money over the next year. The money has gone to HHS because it is the easiest place to spend lots of cash fast. But all that Medicaid and social services money, much of which will be used by state governments to cover their own spending excesses, is considered among the least stimulative parts of the stimulus bill.

And we see here that more money to be thrown at more failed programs.  Are you feeling stimulated yet?  How exactly is this helping?  Here are some more “anecdotes” from our leaders as to what to do with this stimulating money:

The rest of the report is a series of anecdotes, which Biden calls “Reports From the Field.” Some of the stories are well-worn. The Chicago window factory that has often figured in Obama-Biden discussions and photo-ops — it’s under new ownership and reportedly planning to rehire some laid-off workers. A Delaware company that makes traffic lights is said to be rehiring three laid-off employees. A South Carolina county is going to receive job-retraining money.
The stimulus is generating other anecdotes, too. Recently WBAL-TV in Baltimore reported that a local man, 83 years old, received a $250 Social Security stimulus check. The only problem was, it wasn’t for him — it was for his mother, who died on Memorial Day, 1967. WBAL said Social Security officials “blame the error on the strict mid-June deadline of mailing out all of the checks, which didn’t leave officials much time to clean up all of their records.” Would anyone be surprised if we see stories like this on local newscasts around the country?

Well, the only thing I can say is…How stimulating, I feel better already.  One more interesting note from Biden’s report:

At one point in the report, Biden boasts that the government has made commitments for $1.1 billion in stimulus spending every day since the $787 billion bill was signed into law in February. At that pace, it will take the administration nearly two years to come up with concrete plans to spend all the money — and longer still to actually get it out the door.

I’m feeling stimulated but not in a good way if you know what I mean.

Full article on report here.

Obama and His First 100 Days Part 2 April 29, 2009

Posted by kidkev in Obama First 100 Days.
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I don’t have an encapsulation of his campaign promises but here is a good one that I found.

Hat tip to NRO:

100 Days, Almost as Many Expired Campaign Promises

Happy 100th Day in Office, President Obama!

To celebrate, I thought I would go through all of your promises and statements from the campaign that reached their expiration date during this historic period.

1. “As President I will recognize the Armenian Genocide.”

2. “I will make sure that we renegotiate [NAFTA].

3. Opposed a Colombian Free Trade Agreement because advocates ignore that “labor leaders have been targeted for assassination on a fairly consistent basis.”

4. “Now, what I’ve done throughout this campaign is to propose a net spending cut.”

5. “If we see money being misspent, we’re going to put a stop to it, and we will call it out and we will publicize it.

6. “Yesterday, Jim, the head of Caterpillar, said that if Congress passes our plan, this company will be able to rehire some of the folks who were just laid off.”

7. “I want to go line by line through every item in the Federal budget and eliminate programs that don’t work, and make sure that those that do work work better and cheaper.”

8. “[My plan] will not help speculators who took risky bets on a rising market and bought homes not to live in but to sell.”

9. “Instead of allowing lobbyists to slip big corporate tax breaks into bills during the dead of night, we will make sure every single tax break and earmark is available to every American online.”

10.We can no longer accept a process that doles out earmarks based on a member of Congress’s seniority, rather than the merit of the project.”

11. “If your family earns less than $250,000 a year, you will not see your taxes increased a single dime.  I repeat: not one single dime.”

12. “Barack Obama and Joe Biden believe the United States has to be frank with the Chinese about such failings and will press them to respect human rights.”

13. “We must take out Osama bin Laden and his lieutenants if we have them in our sights.”

14. “Lobbyists won’t work in my White House!

15. “The real gamble in this election is playing the same Washington game with the same Washington players and expecting a different result.”

16. “I’ll make oil companies like Exxon pay a tax on their windfall profits, and we’ll use the money to help families pay for their skyrocketing energy costs and other bills.”

17. Obama will not sign any non-emergency bill without giving the American public an opportunity to review and comment on the White House website for five days.”

If anyone can counter this post and provide me with some promise that has been kept and not utterly broken, I would welcome the good news.  Here are just a couple of broken examples:

Campaign promise # 4, 5, 7, 8, 9, 10, 14  all broken already by:

700 billion has been infused in TARP money
400 billion FY 2009 (8000 earmarks)
700 billion in a stimulus/pork filled bill
3.2 Trillion FY 2010 Pending in the House
650 Billion in new government proposed health care take-over, (down payment only)
Energy and Education policies still on the table (estimated cost–800 billion to 1.5 trillion)

5.65 Trillion before education and energy policies are added.

Anybody recall something about reducing the deficit?  How about this:

obamadebt1

His proposed budget cut of $100 Million, here is a good graph illustrating this as well:

obamacuts

The little dot at the top represents the size of the budget cut (mostly if not all in the area of defense) in comparison to the spending “stimulus” plan.  Another broken promise and many more to come.