Figuring out the stimulus bill

Tom Jackson
Mar 23, 2010

 

Everyone is still trying to digest the economic stimulus bill Congress just passed and the Obama Administration’s proposal on the housing crisis. Here are a few followups:

U.S. Rep. Marcy Kaptur, D-Toledo, Erie County’s representative in the U.S. House, announced in Sandusky last week that she would host a local meeting to advise officials on how to apply for stimulus program grants.

The office will probably host a series of meetings instead, targeted to different groups, said Steve Fought, Kaptur’s spokesman.

For example, one meeting will be about how emergency responders can seek money. Meeting dates will be announced soon, he said.

Kaptur mentioned in last week’s speech to the Erie County Democratic Women that she hopes money in the stimulus package for high-speed rail would be used for a high-speed train linking Toledo, Sandusky and Cleveland. The New York Times ran an interesting article on the high-speed train funding, and an accompanying map does show the route Kaptur mentioned. The article suggests that a California train is the project that’s further along, however.

Kaptur has a guide to the stimulus bill on her Web site.

 President Obama’s site on the economic recovery plan is here.

Comments

Anonymous (not ...

The econ. stimulus bill? That’s so yesterday.

What about the ADDITIONAL $410 billion in the 2009 omnibus spending bill that the Dems released on Mon. that has received very little coverage?

The Dems are increasing Federal spending by 8% for the balance of 2009.

See: http://news.yahoo.com/s/cq/20090...

Thank goodness that veto maniac Bush is outa there so America can spend its way to prosperity.

cm.sandusky

Pray a little more, work a little harder, save, wait, be patient and, most of all, live within our means. That's the American way. It's not spending ourselves into prosperity or taxing ourselves into prosperity.

cm.sandusky

C ongressinal

R elief

A ction

P rogram

Anonymous (not ...

‘ O brave new world, That has such people in't!’

- ‘The Tempest,’ Wm. Shakespear

The 8% increase in spending for the remainder of the yr. in the FY 2009 Omnibus Appropriations Act includes:

· $6.9 billion for the Women, Infants, and Children (WIC) nutrition program, a $1.2 billion increase over FY 2008

· $3.2 billion for state and local law enforcement and crime prevention, $495 million above FY 2008

· $2 billion to study global climate change, a $262 million increase over last fiscal year

· $5.1 billion, $337 million above 2008, for IRS enforcement

· $30.3 billion for the National Institutes of Health to research diseases such as Alzheimer’s, cancer, and diabetes, a $938 million increase over FY 2008

· $17.3 billion for college education grants, $3 billion more than in FY 2008

See: http://www.ombwatch.org/node/9730

cm.sandusky

Just remember in a socialist/communist society…everybody has a job, but nobody has a good job…except those in political power!

“Socialists cry “Power to the people”, and raise the clenched fist as they say it. We all know what they really mean—power over people, power to the State.”
Margaret Thatcher

Anonymous (not ...

'Practical men, who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist.'

- John Maynard Keynes

With future catastrophic results, the era of Reagan and the influence of free mkt. economist Milton Friedman are waning in the U.S.

The new 'dead' economic philosophy du jour is from James Tobin, the man who brought Keynes' ideas to the U.S.

Get to know your minds of your new masters:

http://www.bloomberg.com/apps/ne...

Govt. spending will not produce prosperity, but obviously the fairytales are being resurrected and re-told once again.