Krauthammer on the Stimulus, Pork and "Hope"

Great read. Charles Krauthammer has a way of cutting through the fluff and laying out a solid case. He always seems to have the uncanny ability to see the kernel of truth that many of us miss while listening to the hyperbole.

The Fierce Urgency of Pork
By Charles Krauthammer
Friday, February 6, 2009; A17
"A failure to act, and act now, will turn crisis into a catastrophe." -- President Obama, Feb. 4.

Catastrophe, mind you. So much for the president who in his inaugural address two weeks earlier declared "we have chosen hope over fear."

Until, that is, you need fear to pass a bill.

And so much for the promise to banish the money changers and influence peddlers from the temple. An ostentatious executive order banning lobbyists was immediately followed by the nomination of at least a dozen current or former lobbyists to high position. Followed by a Treasury secretary who allegedly couldn't understand the payroll tax provisions in his 1040. Followed by Tom Daschle, who had to fall on his sword according to the new Washington rule that no Cabinet can have more than one tax delinquent
http://www.washingtonpost.com/wp-dyn/content/article/2009/02/05/AR2009020502766_pf.html

Tx @drudge_report (Twitter)

Latest Porkulus List in S.1 from Heritage (via #TCOT)

* $2 billion earmark to re-start FutureGen, a near-zero emissions coal power plant in Illinois that the Dept. of Energy defunded last year because the project was inefficient

* $650 million for the digital television (DTV) converter box coupon program

* $88 million for the Coast Guard to design a new polar icebreaker (arctic ship)

* $448 million for constructing the Dept. of Homeland Security headquarters

* $248 million for furniture at the new Dept. of Homeland Security headquarters

* $600 million to buy hybrid vehicles for federal employees

* $400 million for the CDC to screen and prevent STD's

* $1.4 billion for a rural waste disposal programs

* $125 million for the Washington, D.C. sewer system

* $150 million for Smithsonian museum facilities

* $1 billion for the 2010 Census, which has a projected cost overrun of $3 billion

* $200 million for public computer centers at community colleges

* $75 million for salaries of employees at the FBI

* $25 million for tribal alcohol and substance abuse reduction

* $500 million for flood reduction projects on the Mississippi River

* $10 million to inspect canals in urban areas

* $6 billion to turn federal buildings into "green" buildings

* $500 million for state and local fire stations

* $650 million for wildland fire management on Forest Service lands

* $150 million for Smithsonian museum facilities

* $1.2 billion for "youth activities," including youth summer job programs

* $88 million for renovating the headquarters of the Public Health Service

* $412 million for CDC buildings and property

* $500 million for building and repairing NIH facilities in Bethesda, MD

* $160 million for "paid volunteers" at the Corporation for National and Community Service

* $5.5 million for "energy efficiency initiatives" at the VA "National Cemetery Administration"

* $60 million for Arlington National Cemetery

* $850 million for Amtrak

* $100 million for reducing the hazard of lead-based paint

* $75M to construct a new "security training" facility for State

Dept Security officers when they can be trained at existing facilities of other agencies.

* $110 million to the Farm Service Agency to upgrade computer systems

* $200 million in funding for the lease of alternative energy vehicles for use on military installations.

* $275 million for "watershed and flood prevention operations"

* Unspecified assistance for "nonambulatory cattle"

#TCOT to Republican Senators: NO to Porkulus, NO to Compromise, No to Turncoats

Michael Patrick Leahy, co-founder of Top Conservatives on Twitter, the conservative grassroots organization that dominates the conversation on Twitter, today announced that the organization is focusing it's OPERATION MOVE OVER MoveON.org on all Republicans in the Senate.

"Led by #TCOT Project Servant-Leader Wendy Hermann, a work-at-home mom from Corpus Christi, Texas, #TCOT's MOVE OVER MoveOn.org project is focused on defeating the "Porkulus" Bill in the Senate (S.1), in any form." Leahy said today.

"We intend to communicate that message to all 41 Republican Senators in the most direct way today and through the rest of the week. We know that Senate Majority Leader Democrat Harry Reid is trying to ram this bad bill through the Senate without a sufficient discussion of all the truly wasteful mini bail-outs to the Democrat Party's political allies it contains."

"Our message to every Republican Senator is clear and simple: Stand firm, and don't fall for false promises of 'bi-partisanship' that are being used to merely provide political cover to the Democrats. This is a clear example of the Democrats' wasteful economic policies, and we need to let the Democrats own their foolhardiness."

"The history of compromise in the US Congress is easy to understand. When Democrats coerce Republicans to abandon their principles, they call it 'bi-partisan' compromise. We conservatives call that fundamentally wrong."

"Anyone who wants to help us in this higher calling in the defense of American free markets can take an advantage of an innovative interactive tool that allows the average person to view the most recent spending elements of the "Porkulus" Bill, and register your approval or disapproval of each item. We will be periodically be sending out press releases highlighting your opinion of the most wasteful and extravagant elements of the bill."

"This great tool has been developed by Aaron Day, of Daylight Networks. To use the tool right now, simply go to: www.daylightnetwork.com/senate-stimulus.

"Once there, you can register and vote on whether or not a specific line item included in the bill will help improve the economy or will hurt it.”

MoveOn.org, the liberal activist group funded by George Soros, is focusing an ad campaign to turn around 5 Republican Senators. They are using radio and television ads to encourage people to contact these Senators and tell them to vote for S.1. The targeted Senators are:

(1) Collins - Maine
(2) Snow - Maine
(3) Newmann (yesterday appointed to replace Judd Gregg) - NH *
(4) Murkowski - ALASKA
(5) Grassley - Iowa

Leahy continued by adding that now all Republican Senators will be contacted.

"We've seen reports that various Republican Senators are offering a few ideas to make the bill seem more palatable. This simply won't work. Adding a few elements to placate moderate Republicans while keeping 90% of the $825 billion of pork included in the House version of the bill does nothing to help the economy. If Republican legislators want a historical model to guide them, they need look back only a few months to the disastrous vote in the fall in which many of them supported the ill advised and ineffective $700 billion Wall Street Bailout."

Top Conservatives on Twitter was started on November 29, 2008. It consists of a list of over 2,400 conservatives who use Twitter. The list can be found at http://www.topconservativesontwitter.org. The list serves as a rallying point for conservatives on the Internet, and has led to the formation of many action projects, of which Operation MOVE OVER MoveOn.org is one.

The organization is referred to as #TCOT because those five characters are used so that anyone on Twitter can follow the “tweet stream” of conversation on Twitter that is aimed at the #TCOT community. To follow this “tweet stream”, go to http://search.twitter.com and enter #TCOT.

In January, www.hashtags.org data showed that #TCOT dominated the Twitter conversation. #TCOT was the number one most used hashtag, with over 18,000 tweets. The second most used hashtag had less than 6,000 tweets.

#TCOT dominated the conversation on Twitter so dramatically that it had more than three times the conversation tweets as the number two hashtag.

#TCOT has released the following details of their plan of attack:

1. Phones. As we did in Operation Melt the Phones in DC, we are going to keep up a steady stream of phone calls to these Senators offices and report back on the TCOT Action Project site what the senators are saying. This time, however, we want to also call their local state offices. Each Senator has several in their state and they should be pressured as well. The numbers are listed by state at the bottom of the page as well as a sample script. We recommend calling each of the Senators offices every day. We will be issuing daily talking points for you to question the senate aid about. Be polite, but assertive.

2. Faxes. This time we will add faxes to our blitz. Many out of state people wishing to send a letter to a senator were stymied by the Senate e-mail system not allowing them. We have posted fax numbers next to phone numbers for those wishing to use that method. A sample text is listed at the bottom of the page for use in drafting e-mails and faxes. Again, we would like each person to fax each office daily emphasizing that days talking points.

3. E-mail. If you live in the senators state, we encourage you to send daily e-mails to the senators giving them reasons to vote against this piece of legislation. Links to each Senator’s webpage are on the Phone/Fax list at the bottom of the page. Use the Fax/E-mail text suggestions to know what to say.

4. Blogging and local media. We do not have George Soros’ money. We will have to be more grassroots than that. We are wanting all conservative bloggers to post this Action Project on your blog and give your opinion or perspective on the talking point of the day.

5. We are also asking "TCOT members to call their local talk radio programs, send letters to the editor and notify local media of what you are doing. Our hope is that some will be picked up as human interest stories and we can rebroadcast them over the Internet. We have made an outline/talking points list available to you for your reference. Please use that list as a starting point. We are working to build this media list, so please report back whomever you talk to and how they reacted.

6. We are looking for people with video experience that will write and produce short videos that can be posted on youtube that counter the ads being run by MoveON.org. Please contact us if you are interested in this project.

7. We are looking to target moderate or blue dog Democrats in the Senate that could be swayed to our side. Please let us know if you find any Democrats on the fence about S. 1.

Above all else, be polite. Passion is encouraged, foul language is not. Be aggressive, but not abusive.

Resources:
Senate Phone/Fax numbers (with links to e-mail) can be found at: http://moveovermoveon.posterous.com
To volunteer directly, and receive more detailed instructions, go to http://tcotprojects.ning.com

Few articles on the porkulus package

We HAVE to do everything we can to stop this thing. I'm sending messages saying fight with everything you have in your power to cut as much pork from the bill, then when it's pared down as much as possible, vote against it anyway.

Here are a few article links to give you an overview of the variety of views on this thing. On the last story re: Democrat poll finds voters like the stimulus... that flies in the face of every poll I've seen or heard about. I haven't read the article, but I have a feeling they asked a question that led to the answer they wanted.

Wash. Times: Obama: Nation can't afford bickering over stimulus

NYT: Stimulus Plan Encounters Stiff Resistance in Senate

Politico: Schumer: We'll get to 60

LAT: Obama turns to e-mail network to push stimulus plan

The Hill: Democratic poll finds voters like stimulus

Stimulus Round Up

If you think your voice doesn't count think again. If enough of us call, write, fax, email it's possible we might, just might be able to impact this so-called stimulus package. Go to www.readthestimulus.org and click on the spread sheet they've provided and / or read the text of the actual bill if you can handle government double-speak in print!

Here are some interesting articles and commentary re: stimulus package.

States to win big in stimulus sweepstakes
The House bill allots almost one-quarter of the $825 billion recovery package to states and localities.
http://www.elabs5.com/ct.html?rtr=on&s=o1l,44m9,er,a7nj,g6m3,mbr4,k497

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Fed May Gain More Financial Oversight
(By Neil Irwin and Binyamin Appelbaum)

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Republican Leaders Don’t Like Stimulus Plan, but No Filibuster Expected
(CNSNews.com) – Three top Republicans agree that they cannot support the Democrats’ economic stimulus package as written. But aside from expressing the hope that Republicans’ suggestions will be incorporated, none of them said they would work to block the plan beyond voting “no.”

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Nationalization of banks around the corner?
Yesterday Nancy Pelosi publicly indicated nationalization was on the table (Nancy Pelosi - Nationalization of Banks a Good Idea? Yep.).

Nancy Pelosi - Nationalization of Banks a Good Idea? Yep.
Nancy Pelosi was on ABC this morning with George Stephanopoulos. The entire interview was a dance and dodge performance, but even with all the flowery non-answers there were some whoppers that should have fiscally conservative, anti-socialistic, freedom loving Americans up in arms.

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Nationalization Gets a New, Serious Look
Only five days into the Obama presidency, members of the new administration and Democratic leaders in Congress are already dancing around one of the most politically delicate questions about the financial bailout: Is the president prepared to nationalize a huge swath of the nation’s banking system? Privately, most members of the Obama economic team concede that the rapid deterioration of the country’s biggest banks, notably Bank of America and Citigroup, is bound to require far larger investments of taxpayer money, atop the more than $300 billion of taxpayer money already poured into those two financial institutions and hundreds of others, The New York Times’s David E. Sanger reports.
http://dealbook.blogs.nytimes.com/2009/01/26/nationalization-gets-a-new-serious-look/

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Treasury's demands on banks seen as nationalization
WASHINGTON — The U.S. government's decision to pledge billions of additional dollars with strings attached to Citigroup Inc. and Bank of America Corp. may be nationalization by another name, according to former bankers and regulators. Faced with pressure from lawmakers, banks have shaken up management, eliminated executive bonuses and staff and canceled conventions. They'll be forced to do monthly reports on how they've boosted lending while slashing quarterly dividends to 1 cent a share for three years.

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Pelosi Advocates Greater Government Investment in Banks: ‘Some People Call That Nationalization’
(CNSNews.com) - House Speaker Nancy Pelosi, describing the U.S. economy as “dark, darker, darkest,” indicated that further nationalization of American banks may be necessary, although she shied away from using the word “nationalization.” Pelosi also told ABC’s George Stephanopoulos that investing in food stamps and unemployment insurance would be more effective in stimulating the economy than any tax cut would be.

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Editorial: Congress Must Stop the Stimulus
The $825 billion economic “stimulus” plan now being proposed by President Barack Obama and Congressional Democrats could well result in a federal deficit in excess of $2 trillion for 2009. Which means that it is now up to Senate and House Republicans to make certain that the American people are not consigned to a future of permanent serfdom to foreign creditors.
That is, if those creditors will continue to even service the national debt, now totaling nearly $10.7 trillion. http://alg31blog.timberlakepublishing.com/default.asp?Display=905

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The Heritage Foundation's Morning Bell:
A Conservative Alternative to Obama's Permanent Spending Plan

Last Friday we told you that even by the left's own ideological criteria, President Barack Obama's trillion dollar spending plan would fail to stimulate the economy because nothing about the massive spending increases in the bill was temporary. This Sunday, the Washington Post wrote an editorial essentially agreeing with us:

[S]ome in Congress and the new administration apparently see the country's
present recession as an opportunity to change the federal government's spending
priorities more generally or simply to reward loyal political constituencies.
... [I]t's risky to make new, multiyear commitments in the middle of a crisis
without debate over competing priorities -- and without paying for them through
some means other than borrowing.

Helping hire, equip and pay police, a $4 billion item under the bill, might
be a good idea, but writing checks to individual households for the same amount
would do more to stimulate the economy. Ditto for $16 billion in Pell Grants for
college students, $2.1 billion for Head Start and $50 million for the National
Endowment for the Arts. All of those ideas may have merit, but why do they
belong in an emergency measure aimed to kick-start the economy?...Fiscal
stimulus can be a part of the solution, but only if it is "targeted, timely and
temporary." The efforts so far don't quite match that description.

Our only quibble with the Post's assessment of Obama's trillion dollar spending plan is that it is not quite stern enough. There is nothing "targeted, timely and temporary" about the massive and permanent spending increases in this bill. And the Post left out some of the most flagrant examples. Among the hundreds of billions of dollars in new spending is hundreds of millions of dollars for contraceptives. Speaker Nancy Pelosi (D-CA) unrepentantly defended this money as stimulus on ABC's This Week:

Well, the family planning services reduce cost. They reduce cost. ... One of
those - one of the initiatives you mentioned, the contraception, will reduce
costs to the states and to the federal government.

Got that? If you want to help stimulate the economy, then Nancy Pelosi believes you should not have any more children. Apparently having less children "will reduce costs to the states and to the federal government."

National Economic Council director Lawrence Summers turned in a similar performance on Meet the Press, defending the above mentioned Pell Grants and police hiring as "good investments."

Neither of these stimulus defenders even bothered to claim that these spending increases would be temporary in any way. The deficit for 2009 is already projected to exceed $1 trillion. If deficit-fueled government spending was effective, then our economy ought to be in recovery already. Obviously that is not the case. An alternative is needed.

The American economy does not rise and fall with the level of aggregate demand or deficit spending. There are normal processes that launch a recovery and drive an economy. These processes involve individuals and businesses responding to opportunities and incentives. Lower marginal tax rates stimulate the economy because they improve the incentives facing individuals and businesses to work, invest, take risks, and seize opportunities. The centerpiece of an effective stimulus policy should involve two elements

- Make the 2001 and 2003 Tax Cuts Permanent: The American public faces a massive tax hike in 2011 when all of the tax relief enacted in 2001 and 2003 expires. It is difficult for the economy to gain its footing when facing the threat of a punitive tax hike.

- Reduce Marginal Tax Rates for Individuals and Businesses: Cutting tax rates by 10% for individuals, small businesses and corporations will reduce the cost of doing business in America and make it easier for Americans to create new private sector jobs.

According to an analysis performed at the Center for Data Analysis at The Heritage Foundation, using the widely respected Global Insight U.S. Macroeconomic Model, these policy changes would strengthen the economy significantly this year. Adopting the Heritage tax proposal would mean that 500,000 more Americans have jobs by the end of 2009, and, by the end of 2010, employment would increase by a million jobs. This two-step tax policy would reduce tax receipts relative to current policy by about $670 billion over five years, a number significantly smaller than Obama's $850 billion and growing spending plan.

Want to know what's in the stimulus package?

Check out "Read the Stimulus" (www.readthestimulus.org).

The site is sponsored by The Heritage Foundation, Red State, Citizens Against Government Waste, #TCOT, and a number of other groups.

$850 Billion, 334 pages, and counting... somebody needs to read it!
The American Recovery & Reinvestment Act of 2009

You can search the Bill if you're interested in a particular item and can link directly to the page from your blog, email or website.

Our government is getting ready to spend a LOT of OUR money. This so-called stimulus package is not just about our future, it's about our children and grandchildren's future and the long-term future of our country. It's probably too long for most of us to wade through, but it's worth a scan at a minimum.

Hat tip to @Rancov, Twitter

Sputter!..!!...sputter... Obama... $1 TRILLION Stimulus Plan... nooooooooo

I'm astounded by all the money that is being spent, wasted, spread around. It's easy to spend money when it's not yours I gather. There was a time when that wouldn't have been true. Only the ill-trained, the uncaring, those with low standards would take someone else's money and spend it willy-nilly like it was "free" money. Used to be it was considered moral and right to spend money belonging to others with care, with more precision than you would your own.

Not so these days.

I don't think it's real to the people making the decisions. I know there is no way they can understand the full implications of their choices.

It seems as though those in Washington won the mega-mega-lottery and they're determined to spend it all in a month.

I've tried to picture how things are working in D.C. as these people who probably don't even balance their own check books try to decide how to "fix" our economy. There are hundreds and hundreds of people scurrying about trying to be important, trying to look like they're part of the solution. They don't feel like they're doing their job if they don't "do something".

So they're listening to this guy sell this plan and that expert tout another plan. They're wading through stacks of paper which tells them whatever the person writing it wants them to know. Or, in reality, they're having their staffers wade through those stacks and they're just reading a synopsis or getting a verbal report.

I listen to the financial experts on the tube discussion the various problems with the economy, the stimulus packages, the bailouts and related issues. You can't get two of those who supposedly live, breath and bath in finances to agree with what's best for the stock market and our economy. How in the world are those in Washington, who know nothing, nothing, nothing, going to correct the money woes of the world?

Don't you just love the idea of an Auto Czar? Three huge mega companies with diverse ways of handling their businesses, with intricate business dealings, are going to be told by ONE man (or woman) how to run their business? I would suggest that everyone go back and read Atlas Shrugged by Ayn Rand.

The politicians are doing what they always do --- throwing money at the problem. It's not real. It's not their money. It has no connection to reality. Especially when you're dealing with millions and billions and now trillions.

Where does all this money come from? Me. You. Our children. The future.

I feel like I'm living in bizarro world. We've entered a world that has no connection to reality and those of us living our daily lives have no input and no way of stopping what's happening. We just pay the bills.

All their efforts thus far have not fixed even the tiniest segment of any part of any part of the problem. Everyone is yelling "do something" and so they're "doing something".

Unfortunately I think it would be better is they did nothing.

Obama's Economic Advisers Considering $1 Trillion Stimulus Plan
http://www.foxnews.com/politics/2008/12/12/obamas-economic-advisers-considering-trillion-stimulus-plan/
President-elect Barack Obama's economic team is considering an economic-stimulus program that will be far larger than the two-year, half-trillion-dollar plan under consideration two weeks ago, people familiar with the team's thinking tell the Wall Street Journal.
The president-elect is expected to be briefed on the broad parameters of the plan next week, with aides still hoping for Congress to pass a bill by the time Mr. Obama takes office Jan. 20.
http://www.foxnews.com/politics/2008/12/12/obamas-economic-advisers-considering-trillion-stimulus-plan/