Tag Archives: economic stimulus plan

100 million is “Drop in the bucket” – no kidding!

President Obama acknowledged Monday that his call to cut $100 million from the federal budget represents a drop in the bucket, but he insisted that the small savings will eventually add up to a lot and that it will help address what he called a public “confidence gap” over government spending.

He said, “$100 million here, $100 million there, pretty soon even in Washington it adds up to real money.”

This short video is a must-see illustrating just how little it really is in the big picture.  He thinks he can just put out a number starting with 100 and all the little peasants will think he’s really done a great thing.

Thank you, 10000 Pennies., for the video. [H/T Laree]

I sure do agree with that.  A drop in the bucket.  And this after pushing the stimulas package and the omnibus bill through in which even one of the little “porky projects” amounts to much more than that.  For example:

*$246 million tax break for Hollywood movie producers to buy motion picture film.  Almost any one of these projects would equal or exceed the $100 million that will be saved by the piddling amounts saved by either the Homeland Security Department buying in bulk, or the Department of Agriculture combining a few offices into one, or saving on computers, et cetera, and even these projected savings will take five to 15 years to even be realized.  This would have been fine if it had not come on the heels of the spending spree that has already come down.

$100 million is the equivalent of 402,000 iPods, or 2.16 million barrels of oil, or about 4,500 Toyota Prius cars. (That may sound like a lot, but Obama recently announced plans to buy 17,600 American-made, fuel-efficient cars for the government fleet.)

Talk about robbing Peter to pay Paul. It is really insulting.

Get ready for more tea parties on July 4th.

Posted: 04.20.09  Reposted:  04.30.09

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Filed under Barack Obama, Financial Crisis, Human Interest, politics, President Barack Obama, Uncategorized

Stop the “Stimulus” plan! (Update)

…..only $90 billion out of $825 billion, or about 12 cents of every $1, is for something that can plausibly be considered a growth stimulus. And even many of these projects aren’t likely to help the economy immediately.

Read this from the Wall Street Journal for an overview of this almost trillion dollar spending plan they are trying to shove down our throats.

A few examples of what’s in this bill:

150 million to Acorn
4.8 million polar bear exhibit at the Providence, RI Zoo
$1.5 million water ride in Miami, FL.
$20 million minor league baseball museum in Durham, North Carolina;
$6.1 million for corporate jet hangars at the Fayetteville, Arkansas
$20 million for renovations at the Philadelphia Zoo;
$1.5 million program to reduce prostitution in Dayton, Ohio.
hundreds of millions for the ‘arts’
$500 million for global warming research

I am watching CSPAN debates on this bill in the U.S. House and I just heard someone  say that this bill will cost OVER $200,000 TO CREATE ONE JOB.

UPDATED:  WASHINGTON – In a swift victory for President Barack Obama, the Democratic-controlled House approved a historically huge $819 billion stimulus bill Wednesday night with spending increases and tax cuts at the heart of the young administration’s plan to revive a badly ailing economy.

The vote was 244-188, with Republicans unanimous in opposition despite Obama’s pleas for bipartisan support. Eleven Democrats voted against the measure, while no Republicans supported it.

Borrowed money, all, with interest!!  Thank you, House Republicans for voting against this.  The democrats own this one lock, stock, and barrel.

Of the Democrats, 11 voted against the measure. Among them: Allen Boyd, D-Fla., Bobby Bright, D-Ala., Jim Cooper, D-Tenn., Brad Ellsworth, D-Ind., Parker Griffith, D-Ala., Paul Kanjorski, D-Penn., Frank M. Kratovil, D-Md., Walt Minnick, D-Idaho, John E. Peterson, D-Penn., Heath Shuler, D-N.C., and Gene Taylor, D-Miss.

Posted:  01.28.09


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Filed under Financial Crisis, politics, President Elect Barack Obama, Uncategorized