Hoover feared that the collapse of the large corporations would bring down the entire US capitalist system...1% of the banks held 50% of banking assets. Three corporationsâ€”Ford, Chrysler, General Motorsâ€”manufactured 85%....their difficulties had national repercussions.
...they believed that helping the individual citizen...would corrupt him...aiding corporations...was different. .. [It seemed to many that] Republicans were only interested in the rich. The newly-created Reconstruction Finance Corporation aided only the large corporations.
Those who do not remember history are doomed to repeat it
I have a friend in Wisconsin who told me she plays , it is golf that you play with a Frisbee , I told her it is about the stupidest thing I ever heard of .
It was until I saw this !!!
Austin, Texas, could use $886,000 to build a 36-hole "disc golf" course, for Frisbee tossing. It would be "environmentally and financially sustainable."
Yes just a request but Frisbee !!
what moron elected could even suggest this ? ( never mind )
sure hope our rino got this cut !
Never played and surely couldnt spell it . :lol:
Regardless of the final analysis, we have a solemn responsibility to spend this money wisely. We need to make sure we spend on long-term infrastructure that will pay dividends into the future.
Obviously, watching how the money is spent on public works projects will be key. From the New Deal, it was the CWA that was notorious for poor bookkeeping and waste and fraud, the WPA less so, and Harold Ickes PWA almost squeaky clean.
It is ridiculous to hold government programs to such a high standard that nothing will get done - this sort of standard isn't applied to the private sector after all. That does not mean that no effort should be given to stop it - after all, look what no oversight produced in the reconstruction of Iraq.
That is why I propose that work on the omnibus stimulus bill be stopped, and a smaller bill that provides block grants to the states to fund so-called shovel ready projects be passed. A formula can be created that determines the amount each state would receive based on area, size of population, need, unemployment - perhaps other factors or additional ones.
Block grants provide the states with local control as to how the money will be spent. If the people of Texas think it's more important to fund a Frisbee golf course than an overcrowded school, well...perhaps the media will begin to do it's job and report on such choices.
We are not going to agree on every single project, but that doesn't mean that we will not agree on a lot of them. Let's start with those then - get them funded, get people working on repairing the infrastructure that we all depend on.
Good Article and teccnology, transport, energy efficiency are surely good goals. The question is should government aka taxpayers be financing the private business that develop and expand areas of such. A better plan is to make our business climate more friendly by reducing the tax burdens on every level and making it profitable for businesses to make these investments and they will come here and invest in their futures and make ours better. The last bailout was suppossed to put billions of dollars into banks to get back out to people seeking to be innovvative so to speak...has it , no.
When my first two kids were little I would give them a few bucks just for their kicks and giggles. How quickly and recklessly they spent. When I made them do chores for the money they thought long and hard about what they would spend it on and more likely they chose to save to purchase a more valuable item...or they took pleasure in watching their savings grow. By the time the next two came along I never just gave them money...they earned it. All of them understand how much more valuable something is when you earn it yourself and have the choice how to part with it.
That brings me to my point...it is easy to spend other peoples money and not care. Government only has other peoples money and is always reckless.
The first bailout never should have happen. We never should have rewarded failure. Our politicians probably felt obligated to pay up out of guilt because of their meddling in private affairs they caused a majority of the hardship.
The second bailout or stimulus is adding insult to injury.
Do you really think these arrogant fools in Washington have any sense of shame any longer? How can Barney Frank look at himself in the mirror, knowing he caused much of this and lied about it? Or Chris Dodd? Or (although he was a bit later in the graft) one Senator Barak Obama?
They caused this. Now they're making it worse, to buy off the special interests that got them elected (in Obama's case) or kept them in (in Frank's case). They are about to spend a trillion dollars that doesn't exist, for projects that are inconsequential, worthless, or actively harmful.
* MARCH 12, 2009
GOP Governors Face Fights on Stimulus
By SARA MURRAY
Republican governors who opposed the economic stimulus package...are sparking tension within their states...
The Mississippi Legislature moved to challenge Gov. Barbour. A bill has been introduced in Alabama to challenge Gov. Riley. Gov. Jindal (Louisiana) will announce Friday whether heâ€™ll...reject some funds.
SC Gov. Sanford said he would accept $700 million he controls only if Obama gives him a waiver to use it toward state debts and liabilities.
Editor's Note: Faulting the Senate R compromisers on shorted education funding???
Federal school funds coming up short
By: GARY WECKSELBLATT
Bucks County Courier Times
From the time the U.S. House passed the $787 billion American Recovery and Reinvestment Act back in January until the state this month listed who's getting what, the stimulus money coming to area schools has become less stimulating.
For districts that qualify, stabilization money replaces stimulus funds for school construction in the original House version. The money was eliminated during [Senate] negotiations to woo Sens. Specter, Collins, Snowe.
It boogles the mind ....... All the talk about supporting and encouraging small business and there's a whopping $426 million allocated compared to the billions spent on some other items .Maybe the thinking is that there will be a trickle down effect that will encourage the creation of small businesses from the other .......programs funding