September 2009

Hey Look! Ironic Johnny being a hypocrite, again!

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If only the stimulus would bailout crappy RR companies, maybe ironic Johnny would get behind it

John wants to end TARP even though he was all gungho about it when his best buddy GW pushed for it;

Thune voted for the bank bailout bill last year that then-President George W. Bush pushed Congress to adopt as Wall Street institutions started to fail. Now Thune is leading the charge to end TARP, saying the Obama administration has used the money in ways that Congress never intended by buying stakes in banks, financial institutions and automakers.

But now that a Democrat is running the show, it can’t be helping;

Thune’s criticisms come as the once-moribund economy shows signs of life: The stock market has risen since mid-August; banks are stabilizing; the rate of job losses, while still steep, has begun to moderate.

A report issued Wednesday by the Government Accountability Office, Congress’ watchdog arm, found that states have been using billions from the stimulus program, officially known as the American Recovery and Reinvestment Act, to ease budget shortfalls, expand medical coverage and undertake about 7,000 highway projects over the past six months.

Yeah, kind of sounds like the stimulus isn’t doing shit, huh John, accept of course helping Americans on domestic projects instead of building bombs to blow up foreigners. I wonder if John would support the stimulus if it would help dying RR Companies?

That hasn’t stopped him in the past from seeking federal aid for items and issues benefiting his home state, such as safety on Indian reservations, water projects and weapons systems.

Hyp, Hyp, Hypo . . .

Ken Blanchard, a political science professor at Northern State University in Aberdeen, said it’s only natural, and politically important, that Thune would fight to steer some taxpayers’ money back to South Dakota.

There’s clearly a risk in doing that because it makes you look like a hypocrite. The only thing worse would be not doing it,” Blanchard said

City Labor

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l3wis, I could not help but think of you as I read this article this morning. Did you not have an issue with a bill the city sent you for trimming one of their own trees in your yard?

http://www.argusleader.com/apps/pbcs.dll/article?AID=/20090928/NEWS/909280306&s

From the Argus

“It took 127.5 labor hours by city employees on three separate dates last year to clean up the Snooks’ yard.”

 

That many hours? For ONE yard? AND for $5059.00.

Herseth-Sandlin acting like a big government Republican more and more everyday (H/T – C & L)

Why don’t you just switch your party affiliation already and get it over with;

Via Ezra Klein, this heartening news. As Howard Dean said, there’s simply no point without a good public option:

According to Congress Daily, the CBO says attaching the public plan to Medicare rates will save even more money than originally thought:

In a bid to wrangle concessions from the Blue Dog Coalition on healthcare reform, House leaders Thursday released CBO estimates for liberals’ preferred version of the public option that show $85 billion more in savings than for the version the Blue Dogs prefer.

Rep. Stephanie Herseth Sandlin, D-S.D., a Blue Dog co-chair, said any possible new momentum toward a public option tethered to Medicare rates is, in part, “because of the cost issue” and the updated CBO score.

The original House bill required the public plan to pay providers 5 percent more than Medicare reimbursement rates. But as part of a package of concessions to Blue Dogs, the House Energy and Commerce Committee accepted an amendment that requires the HHS Secretary to negotiate rates with providers. That version of the plan will save only $25 billion.

In total, a public plan based on Medicare rates would save $110 billion over 10 years. That is $20 billion more than earlier estimates, a spokesman for House Speaker Pelosi said.

In other words, the conservatives want to spend $85 billion more than the liberals do. Moreover, the CBO is estimating savings to the government. That is to say, the $85 billion reflects reduced federal spending on subsidies because premiums in the public plan will be lower. Savings to individuals and businesses paying lower premiums will be much larger than $85 billion, and politically, much more important.