Americans Will Pay the Bill for Overloaded Stimulus Package

Rasmusen reports that support for the Emergency Stimulus plan is slipping. This is not surprising since the stimulus has been packed with pork, which by anyone's definition seriously stretches the meaning of emergency. Regular Americans know better than many politicians the basic fact that bills have to be paid, and this proposal leaves Americans holding the tab for a pile of pork. President Obama and House Republicans have shown some willingness to compromise, but the House bill that passed yesterday had not one Republican vote for it and 11 Democrats also oppose it for good reason. Just take a look at a few of the items in this bill that have been stuffed into this bill...

• $20 million “for the removal of small- to medium-sized fish passage barriers.”
• $400 million for STD prevention
• $25 million to rehabilitate off-roading (ATV) trails
• $34 million to remodel the Department of Commerce HQ
• $70 million to “Support Supercomputing Activities” for climate research
• $150 million for honey bee insurance

Cited from Earmarks In House Bill

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Americans Will Pay the Bill for Overloaded Stimulus Package

Red NoVA

Hello BS 08!

(Cross posted on Local Republican Races)

As I mentioned in my last post, I will be blogging at a new Northern VA GOP blog. It's called "Red NoVA." Thanks so much for reading my work here on Battleground States 08. I hope to see you on my new blog, Red NoVA.

The link is: http://rednova8.wordpress.com/

Here is the Facebook Fan page.

What Will MSNBC DO?

Watched MSNBC after 8 anytime recently? If you have you'll know they are facing a crisis. George Bush is leaving Washington. Entire shows on MSNBC revolve around the host's biting hatred on the president. This certainly isn't to say that there aren't legitimate reasons to criticize the Bush administration, but guess what he's leaving. Still with a historic inauguration only a day away MSNBC hosts just can't see past their hatered. So what will these shows turn into? Will there be big pockets of dead air, where indignant rants about Bush 43 used to be? Will they look for someone else to tear down, possibly a Governor from Alaska? Is MSNBC a one trick pony, or will they be able to adapt to a popular Democrat as president?

Talks to Take Place Israel and Hamas

Excerpt from Israel, Hamas, Palestinian Authority to Meet for Talks

Egypt's United Nation's envoy says Israel, Hamas and the Palestinian Authority will meet Thursday for talks.

Meanwhile, Secretary of State Condoleezza Rice, who was at U.N. headquarters for the council's emergency session on Gaza, said she had talked with both the Israelis and Arab envoys about the importance of moving forward a cease-fire proposed Tuesday by Egypt and France.

"We are very much applauding the efforts of a number of states, particularly the effort that President (Hosni) Mubarak has undertaken on behalf of Egypt," Rice said. "We're supporting that initiative."

Israel hammered Gaza City with gunfire and air strikes Wednesday minutes after a three-hour cease-fire ended, and its security cabinet voted to push ahead with the ground offensive against Hamas, the Times of London reported.

Israel agreed to principles of the Gaza cease-fire proposal, but has yet to iron out key details about how it would be implemented, senior Israeli officials told Reuters.

The proposal calls for an end to fighting as well as a drive to prevent Hamas militants from rearming, Israel's key condition, Reuters reported

"There is agreement on the principles but translating those principles into practical action is a challenge that is still ahead of us," a senior Israeli official said.

Trouble for the Auto Industry Bailout

Reports indicate that there is less confidence that the auto indusrty bailout will be passed. Many Republicans and some Democrats question whether the bailout bill will use taxpayer's dollars effectively. The Bloomberg article Democrats Back Off Prediction of Automaker Bailout Approval describes the latest version of the bill.

The Democratic proposal would let the president appoint a so-called car czar to oversee industry restructuring, and give taxpayers stock warrants equal to 20 percent of the loans. It would prohibit the automakers from paying dividends and owning or leasing corporate jets, and pay and bonuses would be limited.

This, however, does not address the inherent problems with these businesses. Preventing the "paying dividends and owning or leasing corporate jets, and pay and bonuses" addresses none of the major problems with these companies. A limit on excesses misses the basic fact that these are failed companies, who can't garner loans from anyone other than Congress. The only check or change that this bill implements is 'a car czar'; the powers of which Chairman Barney Frank tried to explain...

‘Head-Knocking’

Frank told reporters today the bill would give the car czar “a great deal of head-knocking ability” with “a lot of the powers that you would get in bankruptcy.”

The official would have the power to veto participating automakers’ plans to invest abroad, Frank said. Lawmakers want to ensure the companies don’t “take American taxpayer dollars and expand in other countries rather than here, or shut down a plant in America while expanding a plant elsewhere,” he said.

Because Bush and President-elect Barack Obama are unlikely to agree on a czar, Obama will likely replace Bush’s pick as soon as he takes office, Frank said. The Bush administration has said the official should come from the Commerce Department.

So this 'car czar' a likely member of the Commerce Department will be apparently appointed by President Bush then replaced by the future President Obama, and he shall be granted 'head knocking abilities'.

Chairman Frank went on to state that the auto industry will likely need to be granted more money in the future, something Speaker Pelosi has also stated. This does not instill confidence that this bailout will be anything but a waste of money.

A few basic questions for lawmakers...

How will this money fix the failed business policies of the auto industry?

How many bailouts and/or how much money will be paid to the automakers total?

What's wrong with bankruptcy?

What are the requirements for being granted a government bailout?

This is still not an rational solution. Ask your representatives not to support this bailout bill, and make them at least answer the basic question, 'how will this money fix the problems that the auto industry faces?'

Contact Your Senator

Contact Your Congressman

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Continued Problems with the Automaker Bailout