This letter is one big bag of nonsense. I am tired of people claiming the
stimulus money was wasted and only helped to build the government bureaucracy.
The fact is the 1/3 of the stimulus money went right into the poickets of
American taxpayers and samll business owners in the form of tax cuts. The
remainder was used to rebuild infrastructure, fund research and development for
suatainable energy and turn our federal building inventory into a High
Perfoamnce Green inventory. Along the way, because of the tight timeframes
mandated by the stimumlus spending, government agencies learned how to bring
projects to the marketplace within record time frames and now they will use
those same practices to improve the performance of their various agencies for
the long run. Add to that the fact that President Obama was every bit as much
involved in the distribution of TARP funds which will be repaid as was President
Bush and you will see that the letter writer deserves a chance, and he should
take the chance, to revise his assertions in this letter.
"...however, one created a return on his investment and the other red tape on
his entitlements."Thats a load of simplistic baloney.Go
to the ProPublica website and use the search term, "Bailout Timeline" for a list
of bailouts and paybacks.
The spin zone should be the title of this letter. It is amazing how you can take
recent historical facts and turn them into partisan fiction. Both parties
signed onto TARP in record numbers (not just Republicans). Only Democrats passed
the stimulus which included a healthy dose of tax rebates to individuals and aid
to State and local governments. Conveniently omitted from the letter is that
only Democrats voted for the bailout of the auto makers and it would now appear
that those loans will also be repaid with interest. Wouldn't it be more honest
if the letter just said "Hooray for Republicans because they are the answer to
all our problems"? Amnesia is alive and well in Utah.
Try running the country without a government (paid for by the taxpayer) and see
how fast that country will turn into total chaos.
Look, you are a rabid partisan, so admit it. Obama has made a return for the
taxpayers on TARP and auto bailouts (he was, after all, the one who had to
administer these Bush programs, made necessary by Republican policies). Os
stimulus, it is amazing how many Republicans blatantly asked for the money for
their districts because it would be good for their districts, in the letters
they wrote, after attacking the program. They are just blatant hypocrites.
Maybe next time we should invest the money in districts where the Representative
supported the program and not where it was opposed. What do you think, Utah?
You have had your hands out for this money.
Agree 100%. Should have let capitalism work. SHould have left the banks &
Dearest libs,Conservatives know that the government has to be paid for by
the taxpayers. Just tell me how much the founding fathers wanted to turn over
to the federal government? Did they dream of a day when citizens would pay the
lions share of their hard work to a centralized government, so that it could be
redistributed for votes and power by the elitist politicians? What country are
you from? Venezuela?
KM seems to think that conservatives channel the founders by wanting to keep
every penny and not "turn over" any to the government. Two points: 1. The
founders were just like people today in that they were fighting for their own
individual interests, but recognized that a government was NEEDED. 2. Read the
preamble to the Constitution and try to explain (spin) the words: "to promote
the common welfare" as a major reason for forming a government.
I'd trust Mr. Petersen's proclamations a good deal more if he could point me to
where he got some of the figures upon which he bases his opinions. And also if
he didn't use 50 cent phrases like "red tape". When your numbers are solid
there's no need to make an emotional case.
Mr. Peterson are you aware that evidently the most liberal of presidents had to
be Ronald Reagan. He tripled the federal debt and after his term the country
was faced with the Savings and Loan collapse (in today's money it was about a
trillion dollars) and most of that was not paid back. So that which happening
is nothing new. We must all be liberals and in fact the Tea Party shows not
interest in balancing the budget. So where do we go from here?