Follow Barack Obama prior and during his tenure as the 44th President of the United States. Read about my personal observations along with every day facts as they happen. This blog will only submit factual information about the first black President, now in his 2nd term of office.


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The Truth About the Stimulus Bill - A Report by CNN Jack Cafferty

Tuesday, February 17, 2009

When I started this blog, I vowed to bring you the true facts centered around Barack Obama. Barack is about to sign a stimulus bill today in Chicago, a bill that is supposed to help clean up the economic mess we are in today.
In a commentary by CNN Jack Cafferty, says most everything about the bill is wrong, including a pledge violated by the House to make the stimulus bill public at least 48 hours before the vote. Everything was so very rush, rush with this bill. It was so rushed that President Obama wanted it on his desk on Monday, President's day, no matter what.
Where was the President? Answer: The President was on his way back from a weekend home with family in Chicago. Where was the Economic Stimulus bill? Answer: Setting on his desk in the Oval Office. Did he sign the bill on Monday? Answer:  No. President Obama wants to sign it on Tuesday in Denver.
Wait just one minute. This is getting confusing..
He wanted the bill signed on Monday, but after the vote, he decided that he now wanted to sign it on Tuesday.  Ok.. The bill is setting on his desk at the Oval Office on Monday.  He returns from Chicago to pick up the bill. He then heads back to Air Force one after a few meetings to fly to Denver with the bill, to sign it in Denver on Tuesday..
What's wrong with government spending here? It looks as if President Obama is really getting a kick out of flying Air Force One around the country on taxpayers money. Where is 'accountability' here.  Was it necessary that he fly back from Chicago just to pick up the bill and sign it in Denver? Was there another method of getting the Stimulus package to the President ? Maybe one of his secret service agents could have flown it to him. Regardless, he now has the bill that he will sign today in Denver.
Back to the beginning thought here, Jack Cafferty is presenting some facts here that the public needs to know. Therefore I am reprinting the entire report immediately below by this CNN writer on what he calls  "the Stimulus Bill a sorry spectacle."

Commentary: Stimulus bill a sorry spectacle

By Jack Cafferty
Editor's Note: Jack Cafferty is the author of a new book, "Now or Never: Getting Down to the Business of Saving Our American Dream," to be published in March. He provides commentary on CNN's "The Situation Room" daily from 4 to 7 p.m. You can also visit Jack's Cafferty File blog.
Jack Cafferty

Jack Cafferty says the House violated a pledge to make stimulus bill public 48 hours before vote.

NEW YORK (CNN) -- What a joke. Your Congress has voted to spend almost $790 billion of your money on a stimulus package that not a single member of either chamber has read.
The 1,073-page document wasn't posted on the government's Web site until after 10 p.m. the day before the vote to pass it was taken. I don't care if you're Evelyn Wood, you can't read almost 1,100 pages of the lawyer talk that makes up all legislation in eight or 10 hours.
The criminal part of this boondoggle is divided into two parts. The first is the Democrats promised to post the bill a full 48 hours before the vote was taken to allow members of the public to see what they were getting for their money. Both parties voted unanimously to do this ... and they lied.
It didn't happen. Why am I not surprised? Congress lying to the American people has become part of their job description. They can't be trusted on anything anymore.
I'm sure part of the reason there was no time for the public to read the bill was the 11th-hour internecine warfare between House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid.
When Reid first announced the compromise had been reached, Nancy Pelosi was nowhere to be seen. And it would take an act of God for this egotistical, arrogant woman to miss a photo op where she could take credit for anything. But she wasn't there.
She summoned Reid to her office, where unnamed sources said she blew her top over some provision for schools that she wasn't happy with. Pelosi's snit delayed everything.
It's really too bad President Obama couldn't figure out a way to jettison these two who are poster children for everything that is wrong in Washington. The Associated Press called the birth of the stimulus bill "sausage making" in the best tradition of Washington politics as usual.
The second part of the crime is the contents of the bill itself. Far from being only about jobs, infrastructure and tax cuts as promised, the stimulus bill stimulates a bunch of other stuff as well. Eight billion dollars for high-speed rail lines, including a proposed line between Las Vegas and Los Angeles. This little bit of second story work wasn't even in the House version of the bill.
It started in the Senate as a $2 billion project, and came out of the conference committee costing a whopping $8 billion. Gee, now who would that benefit? Oh yeah, the Senate majority leader is from Nevada.
Filipino veterans, most of whom don't live in the U.S., will get $200 million in compensation for World War II injuries. And: $2 billion in grants and loans for battery companies, $100 million for small shipyards and a rollback of the alternative minimum tax at a cost of some $70 billion.
The AMT provision is much-needed legislation, but it doesn't belong in the stimulus bill. It forced other things out so Congress could keep to its self-imposed $800 billion cap.
And when it comes to the tax cuts contained in the stimulus bill, experts have determined they will amount to about $13 per week after taxes for the average American. I'm not sure how much stimulation $13 a week buys. It depends on the neighborhood.
The biggest problem of all is the stimulus bill may not be nearly enough. And if the president has to come back asking for more, the next time might not be so easy.
So far, we have an anemic stimulus bill and some sort of vague proposal from the secretary of the Treasury to deal with the banking crisis -- a proposal that landed with a thud last week -- as the two first steps toward solving a financial crisis that is threatening to take down the country.
Obama better step up his game, or it's going to be a short four years in office.

The opinions expressed in this commentary are solely those of Jack Cafferty.


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