Say What????

Obama Ag Secretary Vilsack: Food Stamps Are A "Stimulus"


Obama's Secretary of Agriculture Tom Vilsack: "Well, obviously, it's putting people to work. Which is why we're going to have some interesting things in the course of the forum this morning. Later this morning, we're going have a press conference with Secretary Mavis and Secretary Chu to announce something that's never happened in this country -- something that we think is exciting in terms of job growth. I should point out, when you talk about the SNAP program or the foot stamp program, you have to recognize that it's also an economic stimulus. Every dollar of SNAP benefits generates $1.84 in the economy in terms of economic activity. If people are able to buy a little more in the grocery store, someone has to stock it, package it, shelve it, process it, ship it. All of those are jobs. It's the most direct stimulus you can get in the economy during these tough times."

Body Blow To Healthcare Mandate, Still Not Far Enough

WASHINGTON (Reuters) - President Barack Obama's healthcare law suffered a setback Friday when a U.S. appeals court ruled that it was unconstitutional to require all Americans to buy insurance or face a penalty.
The Appeals Court for the 11th Circuit, based in Atlanta, found that Congress exceeded its authority by requiring Americans to buy coverage, but also reversed a lower court decision that threw out the entire healthcare law.

If Robert Gibbs is a Moron Jay Carney is a Retard

Carney: Unemployment Benefits Could Create Up To 1 Million Jobs

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"I understand why extending unemployment insurance provides relief to people who need it, but how does that create jobs," Wall Street Journal's Laura Meckler asked Jay Carney at Wednesday's WH briefing.

Carney responded: "Oh, uh, it is by, uh, I would expect a reporter from the Wall Street Journal would know this as part of the entrance exam."

"There are few other ways that can directly put money into the economy than applying unemployment insurance," Carney said.

Carney answers the question: "It is one of the most direct ways to infuse money directly into the economy because people who are unemployed and obviously aren't running a paycheck are going to spend the money that they get. They're not going to save it, they're going to spend it. And with unemployment insurance, that way, the money goes directly back into the economy, dollar for dollar virtually."

"Every place that, that money is spent has added business and that creates growth and income for businesses that leads them to decisions about jobs, more hiring. So, there are few other ways that can directly put money into the economy than applying unemployment insurance, Carney said.

Carney says President Obama is pushing for unemployment benefits to be extended "as we continue to emerge from this recession."

Carney also says this is only one item of a "variety of things to grow the economy and create jobs."

"This is one thing that economists of all stripes agree will directly affect growth, a half-percentage point I believe, economists believe is the payroll tax cut," Carney also said.

Carney estimates that unemployment benefits could create up to one million jobs. However, then he talks about how a possible natural disaster could hurt US economy as well as the global economy.

Doorbell

Senator Kerry, Remind me again Which Party has Spent us into Oblivion the past three Years?

Blame Game Vitriol Demonstrates S&P Disgust

Published August 07, 2011

AP2011

File: In this Aug. 5, 2011, photo a pedestrian walks past the New York Stock Exchange in New York.

Standard & Poor's faulted political entrenchment in Washington for this weekend's U.S. credit rating downgrade, but it was lawmakers on Sunday bickering over S&P's move that provided insight into how such a decision could be reached.

"I believe this is without question the Tea Party downgrade," said Sen. John Kerry, D-Mass. "This is the Tea Party downgrade because a minority of people in the House of Representatives countered even the will of many Republicans in the United States Senate who were prepared to do a bigger deal."

Read more: http://www.foxnews.com/politics/2011/08/07/blame-game-vitriol-demonstrates-sp-disgust/#ixzz1UP42K8RC

Your Tax Bailout $$$ hard at Work

Chevy Volt: Still Not Selling
8:08 AM, AUG 3, 2011 • BY JONATHAN V. LAST

The July sales numbers are out and the Chevy Volt continues to electrify (get it?) the country. GM sold … 125 Volts last month!