That's what Jim Pinkerton and I take on in our latest Bloggingheads.tv diavlog. Pinkerton thinks the stimulus and the Geithner bailout are going to lead the country to hell (even faster!). I contend that these are both good-faith efforts (though I'm less kind about the bailout), and we better damn well hope for the best. And we discuss the mess in Afghanistan. We also debate the Reagan years. Anyone remember those dead nuns in El Salvador?
Will the Stimulus Work, Will the Bailout Work, Will We Keep Arguing?
By David Corn | February 13, 2009 12:06 AM | Permalink | Comments (12)
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Comments
the politicians either believe or think that we believe the money will pass responsibly through benevolent hands until all of our lives and finances are repaired. NOT EVEN CLOSE!!!
THE GREAT ECONOMIC RECOVERY DECEPTION
http://tinyurl.com/dysmyb
Posted by: as_if!
| February 13, 2009 9:56 AM
If we give them enough money the bankers and CEO's will suddenly turn honest!
For sure!
All the financial turmoil was just a head fake. They had to steal the money because it was there!
The SOB's and all who support them should be jailed for their crimes.
Posted by: capt
| February 13, 2009 11:09 AM
Those in the GOP, whose hell-bent stance is to be the Party of "NO", will find its return karma in 2010 and 2012 when the American public will have their turn to vote No! It is unfortunate for them that the GOP continue to Place themselves on the wrong side of history and that which is good.
However, the Stimulus, Rebuild America Package will do a lot more for future generations than GOP rheteroic and stale ideas, which does nothing but pollute the air.
Posted by: bacaangel
| February 13, 2009 12:44 PM
The Stimulus Plan: A Detailed List of Spending
http://tinyurl.com/d5deeh
Posted by: as_if!
| February 13, 2009 1:58 PM
Democratic Senator Predicts None of His Colleagues 'Will Have the Chance' to Read Final Stimulus Bill Before Vote
Sen. Frank Lautenberg (D-N.J.) predicted on Thursday that none of his Senate colleagues would "have the chance" to read the entire final version of the $790-billion stimulus bill before the bill comes up for a final vote in Congress.
http://tinyurl.com/at9cd3
Posted by: as_if!
| February 13, 2009 4:24 PM
No one wants to discuss the contributing impact that the real inflation rate had on quickening and deepening this economic crisis. (And let's drop the cute government term "core inflation"--the term of art crafted under the Nixon administration to remove the daily essentials of food and energy from the calculation of inflation and produce a phony, lower CPI for calculating annual cost of living adjustments for entitlement programs.) The impact of inflationary energy prices drove the economy over the edge very quickly (much like the inflationary impact of the oil embargo of the 70s). Energy is beginning to spike again very quickly and if the so-called "experts" in Washington aren't careful and ignore it, inflation will pick up at such a pace again that consumers won't resume spending and you'll see all the side effects continuing. I also think it's about time that politicians begin admitting that the fact that 75 percent of our GDP is comprised of consumer spending is a national security concern. It's a reflection on how Washington has allowed mulltinational corporations to move good-paying American jobs overseas. How, you might ask? By the minimization of nationalist protections, like tariffs. We've blindly bought into a European-centric WTO, which issues partial rulings generally more favorable to Europe than Asia or the US. Then we've compounded the wound with NAFTA and its ilk. Truthfully, until we bring American jobs back home, don't expect the economy to rebound into the healthy zone. Unforuntately, I believe that neither the Democrats or Republicans have the backbone to address this issue.
Posted by: mke73
| February 13, 2009 6:37 PM
The ability of most of us to accurately predict the future is close to nil. Predictions that turn out to be off the mark are rarely noted. We don't seem to care that some of the so-called right wing prophets have never been right on any issues, yet we encourage them to keep their their self assigned tasks of bloviating about the future as though they have a long track record of predictions that were spot on.
We progressives take actions and hope their consequences are benevolent and fruitful. We tend not to repeat past mistakes that have proven themselves to be inadequate solutions to our problems. That is what keeps in adversarial relationship with our opposition. The right wing takes past errors to be prayers that were not prayed hard enough to become viable solutions.
Posted by: kalpal
| February 14, 2009 9:19 AM
Obama's Stimulus - Not One In Congress Read It - Vid
http://tinyurl.com/ct4wp6
Posted by: as_if!
| February 14, 2009 10:05 AM
No big secret, just GOP lies and BS:
http://appropriations.house.gov/
Look at not only the full, searchable text of the bill, but summaries, amendments and changes, floor debates, and other information.
Posted by: capt
| February 14, 2009 12:57 PM
Paul Krugman writes that Republicans are into deep voodoo.
Not the word after "deep" I would use.
Posted by: David B. Benson
| February 14, 2009 7:04 PM
Some in the media deceptively portray President Obama as being Partisan! For example, this Presidents' Day morning, Joe Scarborough said on his show that if Presdent Obama does wants to be a partisan presidency, that that is his perogative! That is an outright, deceptive lie and deceptive seed to plant into the minds of the American people in order to confuse and manipulate. Joe Scarborouh knows very well that President Obama has reached out to the GOP and even in the face of adversary, still plans to reach out, this President Obama has said time and time again. For Joe Scarborough and others in the media to use their position to plant lies and deceptions is a betrayl of the public trust.
It is true that President Obama states that he won the election, but his actions portray that he is was and is also willing to compromise with the GOP, enough so, to incorporate GOP ideas into the stimulus plan in an effort to work in a bipartisian fashion. This compromise did not satisfy the GOP. They want all or nothing, even in the face of a crisis! It is the GOP who do not want to be bi-partisan and had rejected his plan even before they met with President Obama to discuss the plan. The word from GOP leaders had gone out to REJECT!!!!!!
On November 2008, the people voted or change -- that they want to try the Democratic way -- President Obama's way, not the GOP way! On this fact the GOP have a duty to compromise and work with the Democrats and the ideas that won the day. We have come to expect politicans to be partisan. However, the medias' role is to be unbiased and fair (the third wheel of democracy), and any and all media who continue to distort President Obama's words and actions (or any indiviudals') in an attempt to put accross their agenda and who show they are unable to be unbiased and fair should not be on the public airwaves.
Posted by: bacaangel
| February 16, 2009 8:22 AM
Zionist Militants Surround Obama
James Petras examines Obama's foreign policy appointments and finds the largest collection of Zionist militarists outside of Israel.
http://rense.com/general85/zaround.htm
GO TEAM BLACKBUSH!
Posted by: as_if!
| February 16, 2009 9:39 AM
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