Tag Archives: stimulus package

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

I’m changing my name to Fannie Mae (Video)

If you’re a corporate titanic and your failure is gigantic
Down in Congress there’s a safety net for you  🙂

Arlo Guthrie updates Tom Paxton’s “I’m Changing My Name to Chrysler” for these times.  Performed live at the Guthrie Center:

Oh the price of gold is rising out of sight
And the dollar is in sorry shape tonight
What the dollar used to get us now won’t buy a head of lettuce
No the economic forecast isn’t right
But amidst the clouds I spot a shining ray
I can even glimpse a new and better way
And I’ve devised a plan of action worked it down to the last fraction
And I’m going into action here today

CHORUS:
I am changing my name to Fannie Mae
I am going down to Washington D.C.
I’ll be glad they got my back
‘Cause what they did for Freddie Mac
Will be perfectly acceptable to me
I am changing my name to Fannie Mae
I am headed for that great receiving line
So when they hand a trillion grand out
I’ll be standing with my hand out
I’ll get mine

When my creditors are screaming for their dough
I’ll be proud to tell them all where they can go
They won’t have to scream and holler
They’ll be paid to the last dollar
Where the endless streams of money seem to flow
I’ll be glad to tell them all what they can do
It’s a matter of a simple form or two
It’s not just remuneration it’s a liberal education
Ain’t you kind of glad that I’m in debt to you

Chorus

Since the first amphibians crawled out of the slime (of the slime!)
We’ve been struggling in an unrelenting climb
We were hardly up and walking before money started talking
And it’s sad that failure is an awful crime
It’s been that way for a millennium or two
But now it seems that there’s a different point of view
If you’re a corporate titanic and your failure is gigantic
Down in Congress there’s a safety net for you

Chorus

H/T Michelle Malkin – Tea Party USA

Posted: 02.21.09  Repost:  03.01.09

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