?

Log in

No account? Create an account

Previous File Entry | Next File Entry


Why Obama's new Tarp will fail to rescue the banks

by the Financial Times. Those bastards.

Some of the "stimulus" in the economic stimulus bill:
$50 million for the National Endowment for the Arts
$380 million in the Senate bill for the Women, Infants and Children program
$300 million for grants to combat violence against women
$2 billion for federal child-care block grants
$6 billion for university building projects
$15 billion for boosting Pell Grant college scholarships
$4 billion for job-training programs, including $1.2 billion for "youths" up to the age of 24
$1 billion for community-development block grants
$4.2 billion for "neighborhood stabilization activities"
$650 million more for digital-TV coupons; $90 million to educate "vulnerable populations"
$15 billion for business-loss carry-backs
$145 billion for "Making Work Pay" tax credits
$83 billion for the earned income credit
$150 million for the Smithsonian
$34 million to renovate the Department of Commerce headquarters
$500 million for improvement projects for National Institutes of Health facilities
$44 million for repairs to Department of Agriculture headquarters
$350 million for Agriculture Department computers
$88 million to help move the Public Health Service into a new building
$448 million for constructing a new Homeland Security Department headquarters
$600 million to convert the federal auto fleet to hybrids
$450 million for NASA (carve-out for "climate-research missions")
$600 million for NOAA (carve-out for "climate modeling")
$1 billion for the Census Bureau
$89 billion for Medicaid
$30 billion for COBRA insurance extension
$36 billion for expanded unemployment benefits
$20 billion for food stamps
$4.5 billion for U.S. Army Corps of Engineers
$850 million for Amtrak
$87 million for a polar icebreaking ship
$1.7 billion for the National Park System
$55 million for Historic Preservation Fund
$7.6 billion for "rural community advancement programs"
$150 million for agricultural-commodity purchases
$150 million for "producers of livestock, honeybees, and farm-raised fish"
$2 billion for renewable-energy research ($400 million for global-warming research)
$2 billion for a "clean coal" power plant in Illinois
$6.2 billion for the Weatherization Assistance Program
$3.5 billion for energy-efficiency and conservation block grants
$3.4 billion for the State Energy Program
$200 million for state and local electric-transport projects
$300 million for energy-efficient-appliance rebate programs
$400 million for hybrid cars for state and local governments
$1 billion for the manufacturing of advanced batteries
$1.5 billion for green-technology loan guarantees
$8 billion for innovative-technology loan-guarantee program
$2.4 billion for carbon-capture demonstration projects
$4.5 billion for electricity grid
$79 billion for State Fiscal Stabilization Fund (another words if your state carelessly spent itself into debt, US taxpayers will foot the bill on this too)

Much of this will probably survive conference committee and a vote in the Senate and House. And no - Nancy Pelosi and Harry Reid will not televise the House/Senate conference committee hearings, especially in spirit of our new federal transparency.

Don't forget, UNIVERSAL HEALTH CARE is in the Porkulus Bill also.

You silly person thought you had the right to debate the great challenges ahead for our country. You silly silly person you. Get out of here.

Comments

( 1 conspiracy theory — Conspire Here! )
slavetopassion
Feb. 11th, 2009 05:15 pm (UTC)
see, now I know you are happy because of your mood thingie! Just dont be too happy or I will have to poke you in the eye again. :)

~smooches~
( 1 conspiracy theory — Conspire Here! )