Got a minute?
I know you're kind of busy but if every other knucklehead wants to call you out and bash you down after destroying America in your first two weeks on the job, then I should to. Its easy recs for writing Gov't stinks.
Our own TMFBent has taken a shot at you because he does not think your 500k salary cap is anything more than symbolism. He is wrong to be upset because symbolism matters. The symbolism of "greed is good" has weakened America for the last 15 years, and the symbolism of responsibility will help to restore her.
TMFDeej has taken you to task alongside the Republicans for what the Republicans do not like in the stimulus bill. Their "pork" is mostly worthwhile stuff, and will mostly help out quickly.
The Republicans insisted you add tax cuts to the bill but then withheld their votes in the house anyway. Now they are taking you to task for 2% of the spending in this bill and milking it like a political cow. Their solution of course, is corporate tax cuts. Their solution to Clintons surplus was tax cuts, and when that problem was solved, their solution to Bush's deficits is tax cuts. The tax cuts were spent on factorys in China and Malaysia, on call centers in India and the Phillipines. There are Conservatives who endlessly repeat that I know how to spend my money best, but the Republicans they helped elect gave it as corporate tax cuts to someone else.
Republicans claim business and free markets can best decide where resources are most efficiently spent. It is as if they cannot see that business chose to spend it building empty houses in the Nevada desert, or choose to pretend that was not a waste of resources.
I elected you, I did not elect Mozillo. Don't give the tax cuts for home buyers. The falling price of houses is not a problem, the overpricing of housing is. If you must do something, reserve a tax cut for first time buyers only.
Government is hard work, do what needs to be done. When the banks fail don't pull a Paulson and go on Fox news and say that farmers cannot get loans to plant and we need to give money to banks. Especially not 2 months after food riots in Haiti. Instead go on Fox and say you will make sure that farmers can get seed and if the banks survive it will be by their own bootstraps.
I elected you. Not because you are handsome, or smooth, but because you were right. You favored renewable energy over coal and nuclear. You were right. You favored responsible spending. You were right. So lets get to the meat of this post. You campaigned on making nuclear safe before new plants get built. Smart, but it has not been done yet. Now let's talk about some "pork" that Deej's Republicans missed.
Let's talk about Republican Senator Bennett, and Democratic Senator Carpers. It seems they think nuclear power is a good idea and they sponsored an amendment to your stimulus package to put 500 million toward nuclear energy loan guarantees. Let's not forget that there is no safe disposal for nuclear waste, that nuclear is ridiculously expensive and there is no shovel ready nuclear project and will not be for two years at least. In the first ten months of 2008 10% of our energy came from renewable sources. 500mil could give us safe renewable energy on line next month not in 7 years.
500 million in loan guarantees to an industry that cannot get them because the lenders know what the Congressional Budget Office knows. Half of the loans will fail. There are $122 billion worth of nuclear projects ready for the drawing board waiting for loan guarantees they should not get.
Bennetts amendment took 500mil from 10bil you had intended for renewable loans and moved it to an existing loan guarantee program established under the Energy Policy act of 2005. The curious thing about this particular program is that allows a very irresponsible level of leveraging.
Republicans who are calling you out for 18bil in spending in your recovery bill passed an Energy Act in 2005 that allows $1.00 of capital to guarantee $100. of loans. That's right. Not ten times leverage. Not the 30 times that destroyed the investment banks. 100 times leverage. $500,000,000. is intended to guarantee $50,000,000,000. in loans to an industry the Congressional budget office expects to fail at a 50% rate.
The Republicans are whining about $18bil. This one amendment will put us on the hook for $50bil with 1/100th on hand to cover it.
The Republican Gov't of 2005 thought 100 - 1 leverage was a good idea.
We threw out the Republicans because they could not manage money. Because they could not tell Iraq was not a threat. Because they want to wish Global Warming away.
You were elected to do the business of Gov't. and to do it better than this foolishness.
Call Bennett and Carpers out. Make them explain this in public.
Thank you for your time.