[Updates] Lindsey Graham Goes at It Again on MSNBC
By SusanUnPC on February 5, 2009 at 7:25 PM in American Consumers, Economic Stimulus, Economy, TARP, Tax stimulus package
THE LATEST as of 8:54 p.m. ET: The Senate will continue voting on amendments tonight. An off-floor bipartisan group of senators is working to trim $50-100 billion off the bill. More debate starts at 10 a.m. ET Friday. Then there will be House/Senate negotiations. (This all comes from C-Span’s “crawl.”) In other words, there’ll be NO BIG VOTE tonight. Which should please Lindsay Graham and John McCain, among others. I bet even my Democratic senator Maria Cantwell is skeptical about the bill in its current form; she’s a budget and spending hawk. She voted against Bush’s plan last fall.
THE LATEST: The bill is supposed to be voted on tonight. Does Obama have the 60 votes he needs? What have you heard? Are any of you watching C-Span2? UPDATES: Two more clips on the status of the stimulus bill. One is titled, “Is Obama losing the stimulus battle?” The last video below the fold features John McCain and other Republicans fighting the bill.
UPDATE #3: “CBO: Obama stimulus harmful over long haul,” Washington Times:
President Obama’s economic recovery package will actually hurt the economy more in the long run than if he were to do nothing, the nonpartisan Congressional Budget Office said Wednesday.
CBO, the official scorekeepers for legislation, said the House and Senate bills will help in the short term but result in so much government debt that within a few years they would crowd out private investment, actually leading to a lower Gross Domestic Product over the next 10 years than if the government had done nothing.
CBO estimates that by 2019 the Senate legislation would reduce GDP by 0.1 percent to 0.3 percent on net. [The House bill] would have similar long-run effects, CBO said in a letter to Sen. Judd Gregg, New Hampshire Republican, who was tapped by Mr. Obama on Tuesday to be Commerce Secretary. … [Read all.]
So let me get this right. Senator Gregg — who has been nominated by President Obama to be Secretary of Commerce — is handing over an anti-stimulus package letter to the Washington Times? The same Senator Gregg who, as I wrote last night, had planned to vote against the stimulus package but is now indicating he’ll support it (scratch my back, I’ll scratch yours?), voted in 1995 to abolish Commerce, and was involved with Jack Abramoff?
Is Obama SO NAIVE that he doesn’t see that Judd Gregg will be the “mole” in his administration and that he can’t count on him for loyalty, let alone full-throated support for Obama’s and the Democrats’ plans?That Gregg is NOT one of the Democrats and shares NO policies in common with Democrats? Why in the name of god is he putting Gregg in the cabinet? Now, back to the original:
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Graham v. Boxer
(BELOW the fold now)
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O’Donnell and Matthews
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Is Obama losing the stimulus battle?
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JOHN McCAIN and Republicans fight the bill
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