Originally Posted by myrobbins7
I wonder if they will keep a paper trail on this $350B.?
I think President-elect Barack Obama is starting to get an idea of just how hard this job is going to be. [Tuesday] he said he wanted to bring a "sense of accountability to Washington." I think they realize actual accountability is never going to happen. So if you just bring a "sense" of it, that would be fantastic.
"We are in the midst of a crisis caused by so many financial institutions borrowing too much money. Somehow, a critical mass of policy makers now believes that the correct response is for the U.S. government to borrow too much money." --American Enterprise Institute Senior Fellow Kevin Hassett
"I didn't expect Obama to know what to do about the economy; Obama's knee-jerk Keynesianism and allegiance to the disproved New Deal mythology ensure that he will try the Big Government solution, even when Big Government is the problem." --columnist Ben Shapiro
"President Elect Obama and his congressional henchmen are in the midst of swiping another $1 trillion-plus from American taxpayers. And Republicans -- who once upon a time professed concern for taxpayers -- could apparently care less. Either they believe stealing from our grandkids makes for sound policy, or they're too afraid to second-guess the second coming of Jimmy Carter." --radio talk show host Laura Ingraham
"Well, a lot of economists tell us that what [Franklin] Roosevelt failed to do was to spend as much money as was needed to get people back to work and get the economy moving again. It wasn't until World War II when we had major expenditures that the Depression was finally resolved. We're going to be looking at that experience." --incoming House Energy and Commerce Committee Chairman Henry Waxman (D-CA)
"I want a repeal of the tax cuts for the highest-income people in America. I don't think we can wait until they expire. I think they need to be repealed. ...That is the biggest contributor to the national debt than any other subject..." --House Speaker Nancy Pelosi (D-CA)
"We should not allow our disappointment at the Bush administration's poor handling of the TARP program to prevent the Obama administration from using the funds in more appropriate ways." --Rep. Barney Frank (D-MA)
"According to the Treasury website you, too, can qualify for TARP funds. All you have to do is convince them you are like: 'Bank holding companies, financial holding companies, insured depository institutions and savings and loan holding companies that engage solely or predominately in activities that are permissible for financial holding companies under relevant law.' Pretty much anyone with a kid in college qualifies, seems to me." --Rich Galen
"Congress seems willing to help shore up our nation's most important businesses, we feel we deserve the same consideration. In difficult economic times, Americans turn to entertainment for relief. More and more, the kind of entertainment they turn to is adult entertainment." --Hustler magazine publisher Larry Flynt and Girls Gone Wild CEO Joe Francis in a joint letter to Congress asking for $5 billion "just to see us through the hard times" ++ "Sex toys and novelties are gathering dust on the shelves, and so I think the government has responsibility to get out there and rejuvenate the libido and let us start enjoying the one thing left that's free." --Larry Flynt
"The economic downturn has been double trouble for black Americans. They already were at the bottom of every category, such as access to capital and life expectancy. The consequences of the economy are serious for most Americans but disastrous for African Americans." --Rev. Je$$e Jack$on
"Everybody is going to have to give. Everybody is going to have to have some skin in the game." --Barack Obama