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;)
Many “primitive” religions confuse cause and effect. The priest tells you to sacrifice an animal (or sometimes a human being) to make sure that the rains come, so that there will be a bountiful harvest. Would the rains come anyway? Who knows? Why take chances?
President Obama and most Democratic members of Congress insist that a crisis will become a catastrophe if we don’t pass this pork-laden stimulus package right now. But imagine my surprise when I recently read the Congressional Budget Office’s January 8, 2009 projection for the next ten years (available at http://www.cbo.gov/ftpdocs/99xx/doc9958/01-08-Outlook_Testimony.pdf). The report explicitly says on page 1 that they assume “that current laws and policies regarding federal spending and taxation remain the same...” And their prediction on page 2? “CBO anticipates that the current recession, which started in December 2007, will last until the second half of 2009, making it the longest recession since World War II. (The longest such recessions otherwise, the 1973–1974 and 1981–1982 recessions, both lasted 16 months. If the current recession were to continue beyond midyear, it would last at least 19 months.)”
This is not surprising. Boom and bust cycles are a natural part of a capitalist economy. The 2003-2007 boom was spectacular, and even if there were no subprime mortgage madness going on, this would have been quit a bust. But notice that CBO was, only a month ago (when this stimulus package was being written), still expecting the recession to end in the second half of this year, even without the stimulus package—-and Congress’s own economists told this to Congress. Congress knew this, while insisting that “something has to be done now.”
Much (perhaps even most) of the enormous debt burden that this stimulus bill will handcuff onto the next generation will be for spending that will not start until after the Congressional Budget Office believes the recession will be over. So why was there this unseemly rush to get this bill passed?
The sun is going to rise shortly. The priest is insisting that we need to slaughter that bull right now or the sun won’t rise. But here’s the difference between that primitive priest and the Congressional majority that just passed the stimulus bill: the majority knows that the sun is about to rise—-and they are terrified that if we wait much longer, we’ll figure out that the sun was going to rise anyway, and this enormous burden of debt to pay off special interests wasn’t necessary.
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"We are functioning from a different set of views on many critical items of policy," Gregg said in a statement released by his Senate office.
Gregg, 61, is a former New Hampshire governor who previously served in the House. He has been in the Senate since 1993 and currently serves as the top Republican on the Senate Budget Committee, where he is known as a crusader against big spending.
He was Obama's second choice to fill the Commerce portfolio.
New Mexico Gov. Bill Richardson withdrew several weeks ago in the wake of a grand jury investigation into alleged wrongdoing involving state contracts. He has not been implicated personally.
At first glance it appears that Gregg found being true to his principles more important than the prestige of a cabinet post. We can only hope that this is the case. It would be encouraging to believe that there are still people in Washington who are not willing to sell their souls! Regardless, it's one more embarrassment for Barry, who may find himself still be trying to fill cabinet positions when it's time to start campaigning for the 2012 election!
UPDATE:Here's a statement by Presidential Press Secretary Robert Gibbs.
Which translated means that Senator Gregg wouldn't eat the pooh or drink the Koolaid provided for him by Dear Leader. Atta Boy, Judd!
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A 10 year old Sussex named Stump! (Isn't he positively handsome!?)
NEW YORK (AP) -- Having just turned 10, a Sussex spaniel called Stump became the oldest best in show winner at the Westminster Kennel Club, ending his retirement last week and taking the big prize Tuesday night.
"He hasn't slowed down a bit," expert handler Scott Sommer said. "I thought it would be fun."
With floppy ears and a plodding gait, the golden-red Stump became America's top dog and an instant fan favorite at Madison Square Garden.
Turns out the old dog taught Westminster a new trick.
Wow! In human years, he's almost 70!
Sommer said Sussex spaniels can live to be 15. The previous oldest winner at Westminster was an 8-year-old Papillon in 1999, and Stump was the first of his breed to capture the silver bowl.
Stump barely made it past 5 or so. He left the show ring in 2004 and later nearly died from a mysterious medical condition. The vets at Texas A&M saved him.
"It was miraculous," Sommer said.
A nearly full crowd at Madison Square Garden cheered loudly when judge Sari Tietjen pointed to the new champion. She picked Stump from a field of seven that included a giant schnauzer that was the nation's top show dog, a favored Brussels griffon, a Scottish deerhound named Tiger Woods, a standard poodle with 94 best in show wins, a Scottish terrier and a puli.
"He showed his heart out," Tietjen said. "He was everything you want."
After he won, Stump showed off his one trick: He got up on his hinds, as if to beg. He didn't have to, he was already No. 1.
Nearly 2,500 dogs in 170 breeds and varieties were entered in this 133rd edition of Westminster. Last year's champion, a beagle named Uno, was perhaps the most popular winner ever.
But with a bounce in his step, Stump is sure to win over plenty of people while he reigns for a year. He'll also get extra playtime with his green Grinch toy.
"He really is retired this time," Sommer said.
Adorable and mellow, Stump doesn't bark much. He'll have something to howl about now - after being shipped to New York because he's too big to fit under the seat, he'll fly back in first class.
Stump won the sporting group at Westminster in 2004, then went into retirement. Soon after, he nearly wasted away and spent 19 days in a pet hospital.
"It was very traumatic," Sommer said.
Once he recovered, Stump mostly spent his days hanging out with Sommer, living a dog's life. That was more than fine with Sommer. He'd handled a great Bichon Frise called J.R. to the best in show at Westminster in 2001, and wasn't looking for Stump to try again.
Besides, Stump had two sons to take care of, named Root and Forest.
Then five days before this show, Sommer thought Stump might enjoy one last walk on the green carpet at the Garden. And what a walk it was - his 51st best in show victory overall.
Stump began by winning the best of breed, then took best in group.
"Can you believe that?" said New York Yankees president Randy Levine, a regular at this event.
There was more in store, too. Stump lives with J.R. at Sommer's home in Houston, and may have gotten some advice.
"J.R. must've told him this morning, 'Keep up the family name,'" Sommer said.
Just makes you feel good all over, doesn't it?!!!! Congratulations to Stump, his handler, and his owner. Thanks for giving us something to smile about!
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Those cuts are among the major differences between the $819 billion House version of Obama's plan and a Senate bill costing $838 billion. Obama has warned of a deepening economic crisis if Congress fails to act. He wants a bill completed by the weekend.
UPDATE:
The House and Senate conferred (with a little help from the President's staff) and they reached an agreement. Though details are sketchy, I think you can safely assume that it's a 789 billion dollar pile of pooh!
The bill includes help for victims of the recession in the form of unemployment benefits, food stamps, health coverage and more, as well as billions for states that face the prospect of making deep cuts in their own programs.
It also preserves Obama's signature tax cut -- a break for millions of lower and middle income taxpayers, including those who don't earn enough to pay income taxes.
House Speaker Nancy Pelosi was conspicuously absent from the news conference in which members of the Senate announced the agreement, and it was not clear whether she stayed away out of unhappiness or a scheduling conflict.
Officials had said previously that one of the final issues to be settled was money for school modernization, a priority of Pelosi as well as Obama and one on which they differed with Republican Sen. Susan Collins, Maine, and other moderates whose votes will be essential for final Senate approval.
It was not immediately clear when final votes in the two houses would occur. A House vote was possible as early as Thursday, with the Senate to follow before lawmakers begin a scheduled weeklong vacation.
There was no immediate reaction from the White House, but the president's chief of staff and other aides were intimately involved in the negotiations that led to the agreement.
It's still important to keep pressure on Republicans to vote NO on this bill. Let the Democrats own this one. Republicans who vote in favor of this legislation should not go unpunished.
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We Miss You!
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