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Hot on the heels of passing into law the most disgusting rape and abuse of public funds ever, Obama is now already preparing a request for another $50 billion, and oh yeah... those guys up in Detroit are back asking for more as well :





http://news.yahoo.com/s/ap/obama_stimulus/print

Obama signs stimulus bill, readies homeowner plan
By LIZ SIDOTI and TOM RAUM, Associated Press Writer
24 mins ago

DENVER - President Barack Obama put his own indelible imprint on the nation's distressed economy Tuesday, signing the huge recovery package into law, readying a $50 billion proposal to help homeowners fend off foreclosure and awaiting emergency restructuring plans from flailing automakers. Obama said the sprawling legislation, which congressional Democrats pushed to passage last week over near-unanimous opposition from Republicans, would "set our economy on a firmer foundation."

Obama's first major piece of legislation, it's a $787 billion mix of tax cuts and one of the biggest public spending programs since World War II.

"I don't want to pretend that today marks the end of our economic problems. Nor does it constitute all of what we have to do to turn our economy around. But today does mark the beginning of the end, the beginning of what we need to do to create jobs for Americans scrambling in the wake of layoffs," Obama said.

The setting for the signing was the Denver Museum of Nature & Science, with solar panels on its roof, underscoring the investments the new law will make in "green" energy-related jobs. Workers in solar, wind, and other renewable-energy industries joined Obama and Vice President Joe Biden at the bill-signing ceremony.

Presidential spokesman Robert Gibbs told reporters the White House was open-minded about another stimulus effort. But he stressed that there were no plans in the works for one.

Meanwhile, General Motors Corp. and Chrysler LLC raced to complete recovery plans they were due to submit as part of their deal to receive billions of dollars in government loans. It was not clear they would make Tuesday's deadline.

The two automakers have been living off a combined $13.4 billion in federal bailout loans. They must persuade the administration that they can remain viable. Detroit's third major automaker, Ford Motor Co., did not request government help.

With the economy dominating Obama's first weeks in office, the president on Wednesday will unveil another part of his recovery effort - a $50 billion plan to help stem foreclosures.

All the activity also is allowing Obama to get away from Washington, with its intense partisan wrangling, and be cheered by people who may benefit from the huge government intervention.

Obama planned to outline his plan to help struggling homeowners in a speech in Arizona, one of the states hardest hit by home foreclosures that are at the center of the nation's economic woes.

The $50 billion program was mentioned last week by Treasury Secretary Timothy Geithner as part of a wide-ranging financial-sector rescue plan that could send $2 trillion coursing through the financial system. But details were not announced at the time.

Obama's announcement is expected to include details about how the administration plans to prod the mortgage industry to do more in modifying the terms of home loans so borrowers have lower monthly payments.

More than 2.3 million homeowners faced foreclosure proceedings last year, an 81 percent increase from 2007, and analysts say that number could soar as high as 10 million in the coming years, depending on the severity of the recession.

As for Tuesday's stimulus package, it will pump money into highway, bridge and other infrastructure projects, health care, renewable energy development and conservation.

It includes a $400 tax break for most individual workers and $800 for couples, including those who do not earn enough to pay income taxes. It will distribute tens of billions of dollars to states so they can head off deep cuts and layoffs and will provide financial incentives for people to start buying again, from first homes to new cars to shoes and cereal. It also provides help to poor people and laid-off workers, with increased unemployment benefits and food stamps, and subsides for health insurance.

Separately, GM and Chrysler raced to finish restructuring plans to present to the federal government but seemed unlikely to complete deals with debtholders and union workers by the government-imposed deadline on Tuesday.

Gibbs, Obama's press secretary, told reporters aboard Air Force One that he wouldn't rule out bankruptcy for Detroit automakers. Gibbs said the administration looks forward to reviewing GM and Chrysler's restructuring plans. Gibbs said it is important for the economy to have a strong and viable auto industry and that it's up to automakers to make choices about what is most helpful to their recovery.

GM earlier received $9.4 billion in government loans and Chrysler $4 billion. GM picked up the second installment of its loans, $4 billion, on Tuesday, according to Gibbs.

The Obama team had weighed appointing a "car czar." But Sunday night, the White House instead announced a task force to oversee the companies' restructuring.

The back-to-back government moves to try to lift the economy from a crippling recession had been eagerly awaited by Wall Street. But with the programs now being put in place, investors seemed concerned the impact might not be fast enough or big enough and stocks tumbled on Tuesday to near their November lows.

___

Associated Press Writers Ben Feller and Ken Thomas in Washington and Tom Krisher in Detroit contributed to this report.


Browns is the Browns

... there goes Joe Thomas, the best there ever was in this game.

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These bastards haven't even produced the required restructuring plans to qualify for the money they've already asked for and they are already back begging for more.


http://news.yahoo.com/s/ap/20090217/ap_on_bi_ge/autos_bailout/print

Chrysler asks govt for $5 billion more in loans
By TOM KRISHER and KEN THOMAS, Associated Press Writers
47 mins ago

DETROIT - Chrysler LLC on Tuesday told the U.S. government it needs even more taxpayer money to survive. General Motors is expected to do the same. Acknowledging that industry conditions are worse than expected when it made the case in December for a government bailout, Chrysler requested an additional $5 billion in government loans. It originally said it would need $3 billion more. The company had previously received $4 billion from the Treasury Department.

General Motors Corp. is expected shortly to release the details of its own restructuring plan and follow that up with a news conference at 6:30 p.m. GM has received $13.4 billion in government loans - $4 billion of that on Tuesday.

To prove they can survive as viable companies, both Chrysler and GM need to sharply reduce costs. To that end, Chrysler said it will cut 3,000 more jobs and stop producing three vehicle models. GM has previously outlined reductions to both its hourly and salaried work force and has said it plans to cut back to four vehicle brands from eight.

Both companies are required to reach concessions with the United Auto Workers union and debt holders. While no final deal was reached ahead of the government-imposed 5 p.m. deadline for the restructuring plans, GM was said to be close to an agreement on labor concessions and Chrysler said concessions have been fundamentally agreed upon. The progress in the GM talks was according to a person briefed on the negotiations who asked not to be named because GM's plan hasn't been submitted.

GM executives have said the company only has to show substantial progress by the deadline, with the whole plan finalized by March 31.

The plans still have to be vetted by Treasury and the new autos task force announced by the Obama administration Sunday night.

The news came on a day when President Barack Obama signed into law a massive economic recovery plan. Signs that the recession is deepening were more immediate for investors, however, and they dumped stocks and pushed oil prices sharply lower.

GM is likely to seek more money, at least up to the $18 billion that it requested from Congress in December under its worst-case scenario projections. That scenario has arrived with U.S. sales at a 26-year low and auto sales dropping in other parts of the world, a person briefed on GM's plan said.

The plan will stick with GM's public strategy of trying to remain viable and avoiding Chapter 11 bankruptcy protection, said the person, who spoke on condition of anonymity because the plan has not been finalized.

GM's plan will discuss cost savings from labor concessions and additional plant closures, but the locations of those plants will not be revealed, another person briefed on the plan said Monday. The number of factories to be closed wasn't available.

___

Associated Press Auto Writer Dan Strumpf in New York contributed to this story. Associated Press Writer Ken Thomas reported from Washington.


Browns is the Browns

... there goes Joe Thomas, the best there ever was in this game.

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Prpl, as long as Obama can continue to make everybody believe this is all Bush's fault, the federal money fountain will flow freely...


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It includes a $400 tax break for most individual workers and $800 for couples, including those who do not earn enough to pay income taxes. It will distribute tens of billions of dollars to states so they can head off deep cuts and layoffs and will provide financial incentives for people to start buying again, from first homes to new cars to shoes and cereal. It also provides help to poor people and laid-off workers, with increased unemployment benefits and food stamps, and subsides for health insurance.





We are more than half way home. Socialism, here we come. The saddest part is, everyone has their hands out.

The next few steps will come quickly. I mean, let's face it, we already give "tax rebates" to those that don't pay any taxes. Soon, we will see those that can't pay the mortgage get gov't. help. And that will lead to those that WERE paying the mortgage wanting help. And of course, we'll re-extend benefits for everyone. Throw in socialized medicine, gun bans, tripling or quadrupling ammo taxes, a cut in police..............this country is like a woman that got the date rape drug. She had no clue what happened until she woke up.

This country will wake up, but sadly, it's too late now. When we finally do wake up, it will be a disaster.

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I am glad I was born when I was, because what I loved is gone.

I just feel badly my kids have to deal with these morons long after I am gone.


If everybody had like minds, we would never learn.

GM Strong




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Stimulus Brings Out City Wish Lists: Neon for Vegas, Harleys for Shreveport
Most Ask for Roads, Sewers, but Some Want the Kitchen Sink -- and a Frisbee Golf
By JENNIFER LEVITZ and PHILIP SHISHKIN

Las Vegas, which by some accounts already glitters, wants $2 million for neon signs.

Boynton Beach, Fla., is looking for $4.5 million for an "eco park" featuring butterfly gardens and gopher tortoises.

And Chula Vista, Calif., would like $500,000 to create a place for dogs to run off the leash.

Gopher Tortoise
These are among 18,750 projects listed in "Ready to Go," the U.S. Conference of Mayors' wish list for funding from the stimulus bill moving through Congress. The group asked cities and towns to suggest "shovel ready" projects for the report, which it gave to Congress and the Obama administration.

Although the bulk of proposals are roads, sewers and similar projects, some wouldn't require a shovel at all. The mayors group sees a potential 1.6 million new jobs from the projects, though a few of them wouldn't create any.

Some localities are using a kitchen-sink strategy. "Our approach has been to list everything, because we don't know what the final guidelines will be or what the final dollar amount will be," says Greg MacLean, public-works director in Lincoln, Neb.

Among entries on Lincoln's list is a $3 million environmentally friendly clubhouse for a municipal golf course. "From a public-perception standpoint, I see how it could be an issue," Mr. MacLean says. But, he says, construction would create 54 jobs.

The debate about what is appropriate stimulative spending, now raging in Washington, echoes differences over the Works Progress Administration during the Depression. It built 651,000 miles of roads and 24,300 miles of sewer lines, but was sometimes lambasted because it also paid for murals and battlefield monuments. "That's when the word 'boondoggle' first came into use" in its modern sense, says William Creech, of the U.S. National Archives and Records Administration.

The mayors' $149 billion project list is just one of many circulating in Washington and state capitals. Massachusetts -- which, like other states, will have a say in distributing the money -- has 4,000 project submissions from 51 towns competing for stimulus money. The San Diego Association of Governments came up with 1,043 possible projects in its region.

Some Proposed Projects
Location Project Cost Jobs Created
Austin, Texas Building a 36-hole disc golf course $886,000 4
Boynton Beach, Fla. Development of an "eco park" with butterfly garden $4.5 million 50
Virginia Beach, Va. Replacement tennis courts $1.8 million 38
Shreveport, La. Purchase of eight police-equipped Harley-Davidson motorcycles $150,000 1
Chula Vista, Calif. Construction of a dog park $500,000 7

Source: The United States Conference of Mayors' Main Street Economic Recovery report
With their needs acute, some localities are abandoning boosterism, promoting their community as being more run-down than the next town. In central Maine, Pittsfield Mayor Tim Nichols says the roof on a town-owned theater is rickety, potholes are a "pain in the hiney," and underground pipes are so decrepit "you got sewers backing up in cellars and in lawns." Pittsfield would like about $6 million from Washington.

In Randolph, Vt., Town Manager Gary Champy says federal money to fix "old and pockmarked" roads in his town would lift the mood of residents, because "they'd feel like the government was working for them." He adds: "This money isn't going to banks."

Shreveport, La., has $2.3 billion in projects ready to go. Mayor Cedric Glover's priority is repairing roads, but he's also asking $6 million for three aquatic centers with water slides, which he says would improve quality of life and create construction jobs.

And he would like the U.S. to buy Shreveport eight new Harley-Davidson motorcycles for its cops. This item would produce little local hiring, he acknowledges, but "Harley-Davidson is a great American company. Orders coming from municipalities like ours to a company like that certainly would be stimulative."


AFP/Getty Images
Austin, Texas wants $886,000 for a 36-hole frisbee golf course
The Conference of Mayors report has about a dozen golf-course-related projects. A lot of cities want to use funds to upgrade parks, such as Chula Vista, with its plans for a dog park that would include shading and fountains. San Bernadino, Calif., wants $1.1 million for park improvements, including a skateboard ramp and two "splash-park installations." City officials in the communities say these aren't their top priorities, but defend the projects as worthwhile.

Austin, Texas, could use $886,000 to build a 36-hole "disc golf" course, for frisbee tossing. It would be "environmentally and financially sustainable." John Hrncir, government-relations officer, says the project list "was put together on very short notice," and "we are not going to submit anything that is questionable when we seek actual funding."

Heather Boushey, a senior economist with Center for American Progress, a liberal think tank in Washington, D.C., says parks and golf courses shouldn't be deemed frivolous if they create jobs and are seen as long-term investments by their cities. She says the flood of proposals underscores a need for transparency in stimulus spending, which officials have promised.

The stimulus bill the House approved last week provides an array of tax cuts and a heavy dose of spending for new roads and bridges, public safety, expanded jobless benefits, food aid, wider broadband service and renovations for schools and public housing. Congress has said funds will be distributed to local governments through existing federal programs, either directly or through the states. Though the House approved an $819 billion bill, the final cost will depend on the Senate's vote and on compromises the House and Senate make.

The House bill envisions a board and inspectors general to review the overall spending. It says governors, mayors or others who make funding decisions will have to post details of each project, such as its purpose and cost, on a special Web site, and certify that it's a good use of taxpayer money.

More
Read the complete list of projects in The United States Conference of Mayors' Main Street Economic Recovery report.

An estimate of stimulus spending by state
Las Vegas, in seeking stimulus money for neon, says there's a shortage of glitz off its beaten path. "When people think of Las Vegas, they think of the Strip, of Caesar's Palace," says city spokesman Jace Radke, but he says this project would help revitalize a blighted neighborhood.

As for the eco-park envisioned by Boynton Beach, its parks superintendent, Jody Rivers, says the $4.5 million project would generate jobs, teach residents about environmentally friendly living and highlight nature, such as the "unique gopher tortoises on the site."

Dave Hansen, deputy city manager in Virginia Beach, Va., says localities are seeking funding for "some stuff that's just a Santa Claus wish list." He compiled $1 billion worth of local projects for inclusion in the mayors' report. He calls that a "Holy Grail" list that town officials have now ranked by priority.

A former colonel in the Army Corps of Engineers, Mr. Hansen says the town's top priorities are replacing a 50-year-old bridge ($90 million) and building a pumping station to alleviate flooding ($20 million). Lower on Virginia Beach's list are items like "urban tree canopy protection" for the city ($3.75 million).

Also, $1.8 million to build municipal tennis courts. "Is it a bona fide need? Absolutely," Mr. Hansen says. "Do you want to compare it to replacing a 52-year-old school? Well, probably not."

Write to Jennifer Levitz at jennifer.levitz@wsj.com and Philip Shishkin at philip.shishkin@wsj.com

Printed in The Wall Street Journal, page A1
____________________________________
This is the problem I have with this "stimulus package".. aside from the fact that a lot of this stuff is just crap, they can say it's a wish list but it's still crap to even ask. My main problem in the number of jobs expected to be created... they say construction of a dog park is going to create 7 jobs... no it's not. Whatever company wins this bid already has the employees to do the work, they aren't going to hire 7 new people just to build a stupid dog park.. and even if they do, what are they going to do with those employees 6 months from now when the job is done? They will be gone. We need to create long term sustainable jobs, not this crap.


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We knew it was going to go this way.


Sheep following the lead.




peen...I do believe the "sheep on the right" are a little thin skinned and lacking in memory.

Obama extended a hand and the right bit it.

So, Obama went to plan B...

Plan B = operate in the same fashion the right wing did when they had the majority, just a couple of years ago.

Oh how quickly some seem to forget....jmho...mac



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Obama extended a hand and the right bit it.




Obama essentially said, I'll meet with you, I'll discuss my plans, then you'll either agree to them or I'll do what I want to do any way and mock you and call you stupid in my speeches.

Quote:

Plan B = operate in the same fashion the right wing did when they had the majority, just a couple of years ago.




I thought the whole "Hope and Change" message was that he was better than that? At no point in his campaign do I remember him outlining plan B.. that if he didn't get what he wanted immediately that he would resort to politics as usual... If you have a clip of him outlining plan B, I'd love to see it because I must have missed it.


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CHANGE YOU CAN BELIEVE IN
By Neal Boortz @ February 18, 2009


The Dow at a 10-year low.
A tax cheat running the IRS
Another tax cheat as the Chief of Staff
A trillion-dollar plus federal deficit
Over one-half of voters relieved of any federal tax liability
Government mandated limits on executive compensation
Three failed attempts and still no Commerce Secretary
Tom Daschle rides his free limo into the sunset - after paying taxes he evaded.
The White House performance czar turns out to be a tax cheat also
Lobbyists hired to work for the Obama Administration
The census gets politicized
Double government spending in one year
The word "freedom" fades into obscurity
Increasing home loan mortgage rates across the board
Millions of Americans made dependent on government
Moving unionization-by-intimidation forward
Welfare checks become "tax cuts."
Illegal aliens free to work on taxpayer-funded "stimulus" projects
Welfare reform reversed, states ordered to increase welfare roles
Move to silence critical talk radio shows
Selling Senate seats
Obama books in religious sections of book stores
More government workers, not private sector jobs
A government bureaucracy to intrude on doctor/patient relationships
Stage set for medical services rationing
Annual welfare checks for middle income families





http://boortz.com/nealz_nuze/index.html

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