Intermarkets' Privacy Policy
Support


Donate to Ace of Spades HQ!


Contact
Ace:
aceofspadeshq at gee mail.com
Buck:
buck.throckmorton at protonmail.com
CBD:
cbd at cutjibnewsletter.com
joe mannix:
mannix2024 at proton.me
MisHum:
petmorons at gee mail.com
J.J. Sefton:
sefton at cutjibnewsletter.com


Recent Entries
Absent Friends
Bandersnatch 2024
GnuBreed 2024
Captain Hate 2023
moon_over_vermont 2023
westminsterdogshow 2023
Ann Wilson(Empire1) 2022
Dave In Texas 2022
Jesse in D.C. 2022
OregonMuse 2022
redc1c4 2021
Tami 2021
Chavez the Hugo 2020
Ibguy 2020
Rickl 2019
Joffen 2014
AoSHQ Writers Group
A site for members of the Horde to post their stories seeking beta readers, editing help, brainstorming, and story ideas. Also to share links to potential publishing outlets, writing help sites, and videos posting tips to get published. Contact OrangeEnt for info:
maildrop62 at proton dot me
Cutting The Cord And Email Security
Moron Meet-Ups






















« Debbie Stabenow, Fairness Doctrine Advocate, Just Happens to be Married to an Air America Exec | Main | Tip: Burr Says Keep Burning Up the Phone Lines
Update: Waterpark: Gone
Update: McCain: This Ain't Bipartisanship, Bucko
Update: Carl Cameron Says Negotiations Stalled; No Vote Until Monday? »
February 06, 2009

Dianne Feinstein: "I Reserve the Right at the End of the Day to Vote Against the Package That I Don't Think Puts These Jobs Out There"
Update: She Doesn't Like the Tax Cuts in the Spendulus
Update: Dem Congressman: Spendulus Is 80% Waste

The Jewish bankers got to her, too.

Worth every dime we're paying them they're stealing from us.

But see "Feinstein Update" far below.

She's part of the "bipartisan group" trying to cut some spending out of the bill to make it more palatable. However, she seems to be announcing that the bill has to change quite a bit -- those "major changes" the Gallup poll found that 37% of the public (and rising) wanted -- or she won't vote for it. A shot across the bow of the Pelosi-Obama-Reid faction which is determined to simply win, baby, win with a crap bill, just to show they can.


On the Other Hand... Three Republicans have already cut a deal? And a fourth may vote for it too? Or more?

"So What?" So what, indeed.


CBO: Seriously, The Spendulus Will Reduce Long-Term Prosperity: There was some question about whether the Washington Times read the CBO's letter correctly. It seems they got it right. From the letter:

At your request, the Congressional Budget Office (CBO) has conducted an analysis of the macroeconomic impact of the Inouye-Baucus amendment in the nature of a substitute to H.R. 1. CBO estimates that this Senate legislation would raise output and lower unemployment for several years, with effects broadly similar to those of H.R. 1 as introduced. In the longer run, the legislation would result in a slight decrease in gross domestic product (GDP) compared with CBO’s baseline economic forecast. …

Most of the budgetary effects of the Senate legislation occur over the next few years. Even if the fiscal stimulus persisted, however, the short-run effects on output that operate by increasing demand for goods and services would eventually fade away. In the long run, the economy produces close to its potential output on average, and that potential level is determined by the stock of productive capital, the supply of labor, and productivity. Short-run stimulative policies can affect long-run output by influencing those three factors, although such effects would generally be smaller than the short-run impact of those policies on demand.

In contrast to its positive near-term macroeconomic effects, the Senate legislation would reduce output slightly in the long run, CBO estimates, as would other similar proposals. The principal channel for this effect is that the legislation would result in an increase in government debt. To the extent that people hold their wealth as government bonds rather than in a form that can be used to finance private investment, the increased debt would tend to reduce the stock of productive capital. In economic parlance, the debt would “crowd out” private investment.

Yes, if people are holding a pile of government debt, that's money that's not going towards investing in companies.

Duh.

Feinstein Update: A fuller quote:

“What in my view a stimulus is, is not candidly speaking a tax package,” she said. “I do not believe in this economy tax cuts are simulative… I worry about this economy. The point of this package is to get jobs out to the people. So I reserve the right at the end of the day to vote against a package that does put those jobs out there.”

Damn FoxNews pisses me off sometimes. That was an important part of the quote.

Then again, the "tax cuts" in the spendulus aren't really tax cuts, by and large, but simple wealth distribution to those who don't pay taxes in the first place. I'm not in favor of such "tax cuts" myself.

80% Waste: A freshman Blue Dog from NJ who voted against the spendulus says it's 80% waste, and has offered his own alternative without waste, he says, and money that will be spent in a timely fashion.

His alternative's price tag? 174 billion.







Recent Comments
Ace-Endorsed Author A.H. Lloyd: "It's like they spin a globe around and say "What i ..."

amber rose sex: "Once you have opened an person or team chat, fauce ..."

Krebs v Carnot: Epic Battle of the Cycling Stars (TM)[/b][/i][/s][/u]: "[i] And Kamala is off the stage completely. Post ..."

Ace-Endorsed Author A.H. Lloyd: "An independent Kurdistan would be yet another endl ..."

Huck Follywood: "Here I am, rawdogging the air again! Have a great ..."

m: "234 Like all ideas and plans from this world renow ..."

Ace-Endorsed Author A.H. Lloyd: "Evergreen. Posted by: m at December 08, 2024 08:5 ..."

Krebs v Carnot: Epic Battle of the Cycling Stars (TM)[/b][/i][/s][/u]: "[i] US foreign policy is run by [s]simpletons[/s] ..."

Tom Servo: "Like all ideas and plans from this world renowned ..."

eleven: "It’s like Alien vs Predator - fun to watch b ..."

Ace-Endorsed Author A.H. Lloyd: "We have no strategic interests in the region. We ..."

m: "222 Let's see here, when Trump was in White House ..."

Recent Entries
Search


Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
Powered by
Movable Type 2.64