New York Times Political Cartoon

[moosehunter]

I believe the stimulus bill was mostly written by Nancy Pekosi as Speaker of the House. So perhaps this cartoon was sexist and in bad taste. My question is how can President Obama tell Governors to spend the money wisely and not wastefully when the Congressional Buget Office considers it to be poor bill.

[mkemse]

I believe the stimulus bill was mostly written by Nancy Pekosi as Speaker of the House. So perhaps this cartoon was sexist and in bad taste. My question is how can President Obama tell Governors to spend the money wisely and not wastefully when the Congressional Buget Office considers it to be poor bill.

Some epole like the bill others don't
They had s Poll On Monday night and only 56% of those Polled liked the Bill, aftr hisspeach last night the repolled thismoring and the plans poll went up to an 85% approval base on what peole said ws they now know what is going to happen woth the money, thingsare much clearer

The reality is not everyone wil ike it, but in anything in life you will never ever please everyone all the time
And one of the 3 Republicans who supported the Bill said "No I do ont like it, but SOMETHING, ANYTHING right now is better then NOTHING at all

[DuncanONeil]

Polls on this are all over the place from 90% against to 60% in favor. With some numbers in between of 68% against and 37% and 51% in favor. The bigger piece of information is what are the questions asked. Meaning are the people in favor of "a stimulus" or in favor of the reckless manner in which this has been crafted with all its give aways?

[Dr_BuzzCzar]

I believe the stimulus bill was mostly written by Nancy Pekosi as Speaker of the House. So perhaps this cartoon was sexist and in bad taste. My question is how can President Obama tell Governors to spend the money wisely and not wastefully when the Congressional Buget Office considers it to be poor bill.

The bill was written by staffers based on a compromise between the Senate and House versions.

The CBO did not say it was a bad bill. They said that the stimulus bill designed to have short -term impact would indeed have short-term impact in boosting the economy. What has been twisted by some commentators and politicians to try and make this a negative was a single sentence in the letter to Judd Gregg that said that by 2019 the impact of the additional debt would be to reduce the baseline expected GPD to be reduced by .1% to .3%. According to the Heritage Foundation (a very conservative think tank) based on CBO estimate s the worst case would be that by 2019, GPD would be growing at 2.2% annually instead of the expected 2.5%.

If the Obama administration makes good on even part of their budgetary promises these numbers will change substantially as there would not be the amount of debt calculated by the CBO. Therefore that debt would not squeeze out private investment thereby positively changing the impact on GDP in the out years.

Cite: http://www.cbo.gov/ftpdocs/96xx/doc9619/Gregg.pdf