Sunday, December 14, 2008

Pelosi's stimulus' true color

Under the headline - Pelosi sees bigger, greener stimulus - Politico reports - - -

House Speaker Nancy Pelosi (D-Calif.) has increased the size of the economic stimulus package she will support when Congress reconvenes next month, saying it will need to be $500 billion to $600 billion.

That’s up from the $400 billion to $500 billion that House Democrats had been expecting. ...

The rest of the story’s here.


“Greener stimulus” package?

The package will be financed by debt.

In truth it’s a “red ink” package that adds to the debt of a government trying to work its way out of a crisis brought on in large part by massive debt.

A more accurate headline for the story - Pelosi seekss more deficit financing to fight debt crisis.


Anonymous said...

A Republican administration nationalized the financial sector.

What more do you need to know?

Anonymous said...

To Anon @ 1:23,

Your points a fair one.

But it doesn't contradict my point.

If you're looking for some criticism of Rs from me, how about this: President Bush should have made it clear from "day one" he wouldn't go along with any auto bailout deal that didn't include significant concessions from the UAW (eg. UAW workers accept the same salary and benefits as workers at Toyota in America) and then stood by that position?


JWM said...

"points" in my previus post should have been "point's."



Ken said...

Pelosi isn't interested in addressing any crisis. She sees the situation as an opportunity to pay off her friends and supporters. The harsh "green" regulations will have exceptions for companies in her district.

Note to Anon: Except on social matters, Bush was a pretty good copy of a Democrat.

Anonymous said...

No, I do not contradict your point, it is a good one.

It would have been a good point throughout the Bush administration. I should not have to list the Bush administration's deficit spending.

Squabbling over the merits of the big three bailout, the scope of the bailout, the amount of the bailout, does not change the fact that the government of the USA is descending into socialism, as Ron Paul said in that speech I posted yesterday, without a whimper.

It started with the Wall Street bailout.

Anonymous said...

Congressman Ron Paul on Bailing Out the Auto Industry

At the time of filming the House had passed the legislation. 12/12