Pssst, the Economy Is Collapsing -- Don't Tell Congress

News Type: Event — Seeded on Mon Jan 5, 2009 5:18 PM EST

Article Source: The Huffington Post

The latest mutterings from Congress, especially the Republican leadership, indicate that they still don't have a clue about the seriousness of the economic downturn we are facing. They are saying that they can't have a stimulus package ready for when President Obama takes office in two weeks, and that a package probably won't be ready until well into February.

This delay is inexcusable. Remember when the Wall Street boys needed their TARP bailout in the fall? President Bush and his crew, together with the Democratic congressional leadership, with a huge chorus of media cheerleaders, all told us that the economy would collapse without immediate action. That is almost true now in the case of stimulus.

At this point, there should not be much question about the seriousness of the need for stimulus.

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Groups: 111th Congress: Keeping Tabs, EconVine, LeftWing Warriors, Political Analysis
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7.4

{"commentId":4674713,"authorDomain":"nearing"}

nearing

There is no justification for further delay. Congress should immediately approve whatever assistance President Bush will agree to now; there is no reason that the public should be forced to wait until mid-February for Congress to pass the crisis.

If there is not interest in Congress today for serious action, perhaps the loss of more than 500,000 jobs that the Labor Department will report on Friday will help to focus its attention.

{"commentId":4674713,"threadId":"461447","contentId":"2276887","authorDomain":"nearing"}

9 votes

#1 - Mon Jan 5, 2009 5:20 PM EST

{"commentId":4675305,"authorDomain":"tyroanee"}

DoYouHaveAFlag?

This stimulus package should have been approved two months ago, but for whatever reason no action has been taken. As a result, we are seeing painful layoffs and cutbacks in state and local governments that are completely unnecessary.

But alas our 'acting president' is yet on another holiday...

"pfffffft......I can't be bothered with such low priorities" - Bush

{"commentId":4675305,"threadId":"461447","contentId":"2276887","authorDomain":"tyroanee"}

8 votes

#1.1 - Mon Jan 5, 2009 6:02 PM EST

{"commentId":4675924,"authorDomain":"eric-albert"}

Eric Albert

Pssst....the Class system...class mechanism is broken...and can only be fixed at a global level...which requires a globalized super class entity-nation, impossible, except if the class mechanism itself is reconstructed into a social mechanism, multiple democratic-socialist nation states dissolving the class links and hierarchies that feed oligarchies and the global class mechanism. Once that happens, finally, it will mean the end of class history and the globalized class mechanism in place since the birth of Patriarchy.

{"commentId":4675924,"threadId":"461447","contentId":"2276887","authorDomain":"eric-albert"}

7 votes

#1.2 - Mon Jan 5, 2009 6:49 PM EST

{"commentId":4674924,"authorDomain":"shub"}

Shub Tnediserp Remrof

the economy will be booming in the next 6 to 18 months and no one will be saying thank you to me even though I'm the one who started feeding Wall street and the big three.

Before some one accuses me on the collapse a being my fault I believe the auto industry was already slipping for the past ten years or so. Wall street is because people have become more "Green" about everything so the economy is bad not because I wanted to steal money like Blagovich who stole money for personal needs.

{"commentId":4674924,"threadId":"461447","contentId":"2276887","authorDomain":"shub"}

2 votes

#2 - Mon Jan 5, 2009 5:35 PM EST

{"commentId":4676557,"authorDomain":"mrevels"}

m.revels

Hey the economy cant be that bad or congress wouldn't have voted themselves a raise.........

would they?

oh damn!

{"commentId":4676557,"threadId":"461447","contentId":"2276887","authorDomain":"mrevels"}

3 votes

#3 - Mon Jan 5, 2009 7:33 PM EST

{"commentId":4677293,"authorDomain":"shub"}

Shub Tnediserp Remrof

If congress gets a raise do I get a raise for being the only president to last eight years without being assassinated or removed from office?

{"commentId":4677293,"threadId":"461447","contentId":"2276887","authorDomain":"shub"}

2 votes

#3.1 - Mon Jan 5, 2009 8:34 PM EST

{"commentId":4677661,"authorDomain":"tyroanee"}

DoYouHaveAFlag?

No mr prez... sorry you lost that right when you violated International Law.... remember mr prez article 6 of our constitution was written for domestic and international laws.

Therefore, as the polls across the nation and around the world have shown... you and your thugs are pathedic losers and no not deserve a raise, but a hearing I can see happening in your near future (~:

{"commentId":4677661,"threadId":"461447","contentId":"2276887","authorDomain":"tyroanee"}

5 votes

#3.2 - Mon Jan 5, 2009 9:06 PM EST

{"commentId":4684466,"authorDomain":"Blearc"}

Blearc

No, Refaol Tnediserp, I've got a better idea that your not going to like.

Federal and state pensions should have a cut off (VA included) once a persons personal wealth or "monetary" richness reaches a certain level then their payments should no longer continue.

An easy equation should be 20 times yearly payout, if your worth 20 times your yearly pension payment then you no longer need tax payer funds.

{"commentId":4684466,"threadId":"461447","contentId":"2276887","authorDomain":"Blearc"}

5 votes

#3.3 - Tue Jan 6, 2009 12:08 PM EST

{"commentId":4685147,"authorDomain":"zomzom"}

Zom Zom

Federal and state pensions should have a cut off (VA included) once a persons personal wealth or "monetary" richness reaches a certain level then their payments should no longer continue.

Really? I dunno. People were promised the money to do a certain job, did the job, and deserve to get the money that they agreed to do the job for. I'm all for screwing the rich but... how about if we pay it to them, and then just tax it out of them? That seems more honest, to me. :)

{"commentId":4685147,"threadId":"461447","contentId":"2276887","authorDomain":"zomzom"}

4 votes

#3.4 - Tue Jan 6, 2009 12:42 PM EST

{"commentId":4686046,"authorDomain":"Blearc"}

Blearc

I'm thinking on a larger level. not just "pensions" but all tax payer funded entitlement recipients. Farm subsidies, oil company tax cuts, "small business" loans

Before you get tax payer funds proof of need should be provided, even if that need is the expansion of business, research, etc.

{"commentId":4686046,"threadId":"461447","contentId":"2276887","authorDomain":"Blearc"}

4 votes

#3.5 - Tue Jan 6, 2009 1:23 PM EST

{"commentId":4686651,"authorDomain":"zomzom"}

Zom Zom

Well, ok, then I agree. I was just trying to be funny.

{"commentId":4686651,"threadId":"461447","contentId":"2276887","authorDomain":"zomzom"}

3 votes

#3.6 - Tue Jan 6, 2009 1:50 PM EST

{"commentId":4692331,"authorDomain":"shub"}

Shub Tnediserp Remrof

Blearc if you believe what you say then all those athletes and celeberties that we all idol won't be able to look like the professionals that they seem like on camera. Plus you have to remember politicans would be voting in that law or should I say object it because it would hurt their wallets significantly. We might as well as live in a communists country which were not far from becoming.

{"commentId":4692331,"threadId":"461447","contentId":"2276887","authorDomain":"shub"}

1 vote

#3.7 - Tue Jan 6, 2009 7:09 PM EST

{"commentId":4694353,"authorDomain":"Blearc"}

Blearc

On the atheletes; I'm not sure why you went there, I'm talking about tax payer funds.

On the communism; how is my idea communistic? I'm basically saying treat pensions from tax payer funds completely need based. Most federal officials end up making a killing off of speaking engagement, books, as professors at colleges etc. (not to mention working for the corps they were supposed to regulate or starting companies to get government contracts: see Giuliani )

There needs to be a change in attitudes about our money which is tax payer money. Instead of how much can I sucker out of the citizens, lets get to how can we be good stewards of that money?.

{"commentId":4694353,"threadId":"461447","contentId":"2276887","authorDomain":"Blearc"}

1 vote

#3.8 - Tue Jan 6, 2009 10:02 PM EST

{"commentId":4694754,"authorDomain":"shub"}

Shub Tnediserp Remrof

I misinterpreted what you must of said when I read this part:

An easy equation should be 20 times yearly payout, if your worth 20 times your yearly pension payment then you no longer need tax payer funds.

The answer to your question ask Obama in 14 days. I have no say any more on economy except feeding all I can into the system that is all.

{"commentId":4694754,"threadId":"461447","contentId":"2276887","authorDomain":"shub"}

#3.9 - Tue Jan 6, 2009 10:43 PM EST

{"commentId":4694841,"authorDomain":"Blearc"}

Blearc

let me explain a little better, 20 years in the service of our military gives you 1/2 value pension of your active duty income (30 years is 100%), so lets say your active duty income was 60k a year. So ones yearly pension income would be 30K. I'm saying if that persons personal wealth reaches 20 times pension income....... Actually doing the math I find a problem, that example would only be owning a 600k home free and clear. With this idea I have no intention of showing public service being a deterent financially.

So there needs to be a bottom number. like 3 mil in personal wealth. I'm going to have to tweak this idea a bit before I present it.

The idea is; if you don't need the money then we don't give it to you.

{"commentId":4694841,"threadId":"461447","contentId":"2276887","authorDomain":"Blearc"}

2 votes

#3.10 - Tue Jan 6, 2009 10:52 PM EST

{"commentId":4695046,"authorDomain":"shub"}

Shub Tnediserp Remrof

The idea is; if you don't need the money then we don't give it to you.

When you mean that you should know I am payed very little as president. I presume you are referring to the government. Lately the money that has been leaving the government has been going to either the economy or the war.

{"commentId":4695046,"threadId":"461447","contentId":"2276887","authorDomain":"shub"}

#3.11 - Tue Jan 6, 2009 11:13 PM EST

{"commentId":4695158,"authorDomain":"Blearc"}

Blearc

lol I see 450k as a good wage.

BTW thats what the CEO of Costco pays himself.

but when it comes to your final statement, I really wish you would have let those resources be focused on finishing the job in Afganistan.

{"commentId":4695158,"threadId":"461447","contentId":"2276887","authorDomain":"Blearc"}

1 vote

#3.12 - Tue Jan 6, 2009 11:28 PM EST

{"commentId":4695441,"authorDomain":"tyroanee"}

DoYouHaveAFlag?

I'm so happy to see you both playing so nice (~:

{"commentId":4695441,"threadId":"461447","contentId":"2276887","authorDomain":"tyroanee"}

1 vote

#3.13 - Wed Jan 7, 2009 12:06 AM EST

{"commentId":4695507,"authorDomain":"Blearc"}

Blearc

Only cause he took my shoes, bastage

{"commentId":4695507,"threadId":"461447","contentId":"2276887","authorDomain":"Blearc"}

1 vote

#3.14 - Wed Jan 7, 2009 12:16 AM EST

{"commentId":4704995,"authorDomain":"shub"}

Shub Tnediserp Remrof

At the end of eight years I have to listen to the American people is what the feds warned me about so I must help prevent the recession from getting any worse per say so twice (maybe more) the amount of money is leaving the government now compared to when I was only helping the soliders in the middle east. Damn Terrorists are taking my money left and right.

{"commentId":4704995,"threadId":"461447","contentId":"2276887","authorDomain":"shub"}

1 vote

#3.15 - Wed Jan 7, 2009 3:59 PM EST

{"commentId":4705453,"authorDomain":"tyroanee"}

DoYouHaveAFlag?

mr prez

We haven't begun to talk about your exit here on NV

Would you like to have a Going Away to Paraguay Party? After all it will take sometime to count the stash of cash...

{"commentId":4705453,"threadId":"461447","contentId":"2276887","authorDomain":"tyroanee"}

2 votes

#3.16 - Wed Jan 7, 2009 4:29 PM EST

{"commentId":4691480,"authorDomain":"riddlemedoooo"}

Nancy-400923

I agree. There's more elections coming and this won't be forgotten. We should replace them with democrats. Their double-standard is showing.

{"commentId":4691480,"threadId":"461447","contentId":"2276887","authorDomain":"riddlemedoooo"}

1 vote

#4 - Tue Jan 6, 2009 6:09 PM EST

{"canLink":false,"threadId":"461447","isPrivate":false}

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Pssst, the Economy Is Collapsing -- Don't Tell Congress

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