Report: Obama Will Propose $300 Billion Stimulus Bill…
Be afraid, be very afraid.
WASHINGTON (AP) — The economy weak and the public seething, President Barack Obama is expected to propose $300 billion in tax cuts and federal spending Thursday night to get Americans working again. Republicans offered Tuesday to compromise with him on jobs — but also assailed his plans in advance of his prime-time speech.
In effect, Obama will be hitting cleanup on a shortened holiday week, with Republican White House contender Mitt Romney releasing his jobs proposals on Tuesday and front-running Texas Gov. Rick Perry hoping to join his presidential rivals Wednesday evening on a nationally televised debate stage for the first time.
Lawmakers began returning to the Capitol to tackle legislation on jobs and federal deficits in an unforgiving political season spiced by the 2012 presidential campaign.
Adding to the mix: A bipartisan congressional committee is slated to hold its first public meeting on Thursday as it embarks on a quest for deficit cuts of $1.2 trillion or more over a decade. If there is no agreement, automatic spending cuts will take effect, a prospect that lawmakers in both parties have said they would like to avoid.
According to people familiar with the White House deliberations, two of the biggest measures in the president’s proposals for 2012 are expected to be a one-year extension of a payroll tax cut for workers and an extension of expiring jobless benefits. Together those two would total about $170 billion.
Posted by ZIP on Tuesday, September 6, 2011, at 7:53 pm | 
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Obama is advocating economic suicide for America with this proposal.
Any one know what is going on out in Nevada? A shooting spree? Several wounded, 2 National Guard members killed, dead shooter? I just heard it on the news.
More taxpayer theft routed to the Unions and Demorats.
Hello House of Representatives – STOP THIS.
Clever. Then he can say there’s no reason for the Repubs not to go along because it’s only… $300 billion.
Actually that is music to my ears. The fool has painted himself into a corner, again. It is too large a number to ever get through, and too small to appease his base for “having tried”. “Never interrupt your enemy when he is making a mistake.” Napoleon Bonaparte.
Libanomics – Got problem? Throw money at it, it’s not yours anyway. Then blame it on the nearest conservative.
Only 300 billion?
Obama’s turning conservative on us.
http://www.huliq.com/10061/nevada-ihop-shooting-update-4-dead-including-gunman
“$300 billion in tax cuts and federal spending” – passing from one hand to the other. The one-year extension of a payroll tax cut is not a cut, but a campaign ploy.
His campaign speech to the joint session should be canceled. At lease the GOP members should refuse to attend. They wouldn’t have the guts to walk out.
Socialism is insane.
“President Barack Obama is expected to propose $300 billion in tax cuts and federal spending….”
———
They’ve chosen a dollar amount for new spending. How about detailing the tax cut amount?
Or will that be announced later?
.
The definition of insanity:
Doing the same thing over and over and expecting a different outcome.
Obozo and his economic bozettes REALLY don’t understand the real world and economics. SOBs
Just give it away, who cares, its not YOUR money. What a repeat Loser.
Meanwhile Ford is creating 5000 jobs……….in India.
Guess they didn’t want to stick around for Zero’s big shindig planned here.
Day after day,
Alone on the hill,
The man with the foolish grin is keeping perfectly still
But nobody wants to know him,
They can see that he’s just a fool,
And he never gives an answer,
But the fool on the hill,
Sees the sun going down,
And the eyes in his head,
See the world spinning ’round.
Heres the link:
http://articles.economictimes.indiatimes.com/2011-09-05/news/30115938_1_ford-india-michael-boneham-powertrain-facility
This is going to go over like a fart in church. The solution to an economic crash caused by out of control spending is…more spending?
What the hell is that man thinking? Adding another $1,000 to the national debt for every single person in America is going to cure what?
My God, this man is stupid.
thieving criminal bastards
Why not payoff everyone’s mortgage below 200k?
Wasn’t the very first bail out amount just before he took office that they rammed though…. 7 billion? As I recall that seemed like a lot and a lot of citizens were in an uproar over that. Now all the sudden 200 billion is chump change?
I dont really want to help anyone asshole
Eduardo Sencion walked to the back of a Carson City IHOP and started shooting patrons during breakfast. Used an AK-47 that killed 3 people, including 2 members of the National Guard.
Walked outside and sprayed parking lot, 1 person shot outside.
11 shot, including 5 members of the National Guard.
Of 3 killed, 2 were Guardsmen.
http://www.rgj.com/article/20110906/NEWS01/110906010/Carson-City-IHOP-shooting-gunman-identified-Eduardo-Sencion-Carson-City?odyssey=nav%7Chead
For Obama this is indeed a lowball approach.
The Leftist powers that be want far more than this.
This will allow him to campaign that “Republicans reject even modest stimulus that WOULD HAVE gotten us out of this mess.”
It must not pass. Period.
Cut out the government chunk and give Trumka a check for 140 billion. At least we wouldn’t owe the chinks the vigorish on the rest.
“…….Obama is expected to propose……..to get Americans working again.”
———–
So this has nothing to do with the upcoming deficit reduction ‘Super-Committee’?
This is $300 billion EXTRA spending?
.
What will happen if the dollar collapses as a result of too much spending and debt?
http://www.youtube.com/watch?feature=player_embedded&v=2N8gJSMoOJc
When Barack Obama was a teenager in Hawaii, he came up with an idea to
make extra money. He knew that if he could get pineapples from the Dole
pineapple plant near the North Shore of Oahu, he could easily sell them to
tourists on Waikiki Beach. He and a school mate, Kimo, shared this idea
with Barack’s mentor, Frank Marshall Davis. Frank told them they could use
an old pickup truck he had out back.
So, Barack and Kimo drove to the Dole plant early on Monday morning and
bought ripe pineapples for one dollar each. They then drove to Waikiki
Beach and sold the pineapples off the back of the truck for one dollar
each.
They did this for five days in a row. On Friday, after they had sold their
last pineapple, Kimo looked at Barack and said, You know we are buying
these pineapples for one dollar each and we are selling them for one
dollar each. We aren’t making any money! Barack thought for a moment and
replied, We have no choice, we’ve got to get a bigger truck!
You now fully understand everything there is to know about Barack Obama’s
economic plans.
@MADJACK
That’s funny.
Obumbler’s economic policy is to buy the pineapples for $1 and sell 53% of them for $1 but give the other 47% away to non-contributers to taxes and society. Why is there a deficit?
The worthless shitstain doesn’t seem to realize that he spent over 800 billion on stimulus in 2009, but then continued to spend the same amount of cash in 2010 and 2011. Where is this cash going? crack phones for welfare queens. Buy more ammo and 1 million mags for your battle rifles.
there will be no tax cut with that blood thirstytax raisening idiot time to cut our losses get rid of this child.
Dang, only 300 billion to put a million union robots to work, his folks ain’t gonna understand that the stash has run out and there’s no soup for them.
According to bs’s handpicked Council of Economic Advisors, the last stimulus cost 278,000 per job created. So 300B is in line with the million created jobs he has promised in recent speeches.
Frankly I thought the price would be double that so he’d have some extra cash to give the undocumented workers and teachers unions.
300 billion plus the last 782 billion stimulus makes over a trillion in stimulus spending in two years, and nothing zip nada to show for it..
Lest WE Forget… Allowing a Country to Work VS Letting a Country Work… Obama to Use Unions for Votes
Unions would be dead, buried and the stink would have been long gone if it were not for the secured sanctuary of large monolithic voting blocks guaranteed by feeding into the delusion. Obama and crew continue to put forth the message which shows a continued beliefe that we, the american people can buy our way out of all the economic problems faced by our nation. And today, as Barack went among the dead of american workers there can be no misunderstanding in the intent or purpose… VOTES.
– POTENTIALLY; DANGEROUS, IDIOTS!
Read more: http://contributors.blogsome.com/2011/09/06/lest-forget-allowing-a-country-to-work-vs-letting-a-country-work-obama-to-use-unions-for-votes-2/#ixzz1XEa1ic00
Obama is not stupid, he’s malevolent.
His whole purpose in life is to destroy the U.S.A.
He imbibed sedition and hatred with his communist mother’s milk and has been surrounded all his life by people who hate the U.S.A.
A side benefit of the economic destruction of the U.S.A. is that he takes your wealth and gives it to his criminal buddies.
When/if you finally get a patriot into the White House, I hope someone has plans to do a detailed audit of where all this money is going, followed by criminal prosecutions for fraud, embezzlement and treason.
The demacratic hawgs are oinking for their golden troughs to be filled sloppin thems hawgs on our tax money
Not withstanding the fact that we’ve already tried the ‘stimulus’ plan and it failed miserably, what part of ‘We Do Not Have The Money’ don’t you get???
If Republicans have one goal, it’s to finally prove that letting the business cycle take care of itself — and that means eliminating as much government interference in our economy as possible — to shed the malinvestment made by the government over the last eight decades is the ONLY WAY OUT of this mess.
Yes, this will mean a major short-term crash in the markets and in unemployment. But Americans will start living within their means again, start saving again, and then AND ONLY THEN will the US have capital to invest and the means to buy again.
It’s your responsibility to take care of yourself. If you can’t, then it’s not the taxpayer’s job either. We’ve got our own problems.
Did any of you see the PBS show last night: Top Secret America? There is a whole lot of money being wasted that we aren’t told about.
So, he wants to do a repeat of a past mistake. Somebody got that money, but it wasn’t me or you. So where did it go? Wherever it went, he sees a need for more of it to go there… “there” being somebody’s pocket, including his. $500 shoes and shirts. Millions of voters to buy off. A slush fund for the Obamas’ future. Union buddies. Hush buddies. Lawyers. Clerks of Court. Judges. A billion dollars only goes just so far, you know.
De-regulate businesses, Idiot, and jobs will grow. You’re not even trying to do your job even though half of America is telling you HOW to do it!! You are just trying to destroy this economy one billion at a time. House members? Can you hear us? Stop this insanity now!
Wow, you people are equal parts angry and misinformed. Job well done, fox “news”/hate radio. God forbid, we see a bagger in the white house, but if we do, watch these minions switch back to the good old “USAUSAUSA” chant with a side of “Your either with us or against us”.
Either way, I’ll still be paying taxes so the baggers can get their medicaid funded insulin shots, O2 tanks, and their Rascal scooters charged.
and Krugman will say it’s not enough.
Eliminate government regulations that kill jobs. Hasn’t Obama proved that stimulas (his term is “investments”) don’t work? He only wants to pay overpaid union members for work that can be done for less money by private industry.