Obama has first meeting with press and America to re-start economic package.
First time I have seen the new President a bit nervous but understandably so.
I am sure the Republicans do have to at least leave an impression to their conservative supporters that they are doing their job bucking the liberals but with a little added pressure from the President and perhaps now the public, this will be short lived. It is just a political “save of face” just like the Democrats seeded the package with items to be “delt-out” as a compromise.
If this were not the case, I can’t imagine why when I listen to many Republican leaders talking on the Sunday news shows say that they agree with many or most of the spending measures but point out some (one or two) items that are just beyond their morals to consider working out a compromise.
I also do not see any counter proposals on the table as they do not want any more blame for things than they now own.
In looking at this a bit different, one should quickly say “why not just have 3 parts to the bill”.
Part 1 – what you both agree on now.
Part 2 – Items that at least 50% of the Republicans want (that Democrats can live with).
Part 3 – Items the Democrats want (that they can pass with there own majority).
Pass part 1 right away ! Argue the other 2 for a month.
Probably never happen but a good idea if you are promoting reaching across the isle.
In any case, I like the President, want to see something happen even if it is wrong.
I am more interested in rapidly reversing all legislation that opened the door to all this outside investment and banks investing in non-banking products (oil futures and the like) and merger activity.
I can’t think any spending that lowers our consumption of foreign oil is a bad move if, in the process you create a tax-paying job that also creates a product here and now in the U.S.
This package still may only save us from going to a point of “no return” and that is something that we hopefully will never know. There will be no victor but hopefully no failure. Until the world adjusts from over production and the U.S. from corporate corruption, this is how it will be.
It may be Moot but at this point we have only seen the beginning of the results of the hank-panky from the last 15 years.
It does scare me even more to think if the world economy does not stabilize, we may see many more wars that we can not afford at this or any point in history.