econarchy

14. February 2009

Winners and Losers in the Economic Stimulus Bill

Filed under: taxes, liberals, economic stimulus, obama — Me @ 04:01

This is from CNN. There is really nothing to say. Just look at the Winners and Losers and it really speaks for itself. And keep in mind, this is from CNN… Not exactly a “right wing” spin here….

pork!

Winners

  • High-speed and inner-city rail: Went from $300 million in House bill to $2.25 billion in Senate to $8 billion in final version. There also is a $6.9 billion provision for public transit.
  • Amtrak: Picked up $500 million from both House and Senate versions to total $1.3 billion. The bill stipulates that no more than 60 percent can go to the Northeast Corridor.
  • National Institutes of Health: Ends up with $10 billion in the final bill. The House proposed $3.5 billion and the Senate wanted $10 billion — $8.2 billion goes to the NIH director for his discretion.
  • Government oversight: Board to oversee stimulus bill spending will get $84 million to do the job. House bill allocated $14 million while the Senate bill called for $7 million. There is also more than $100 million more for various inspectors general in different agencies.
  • NASA: Banked just more than $2 billion, including $400,000 for science/global-warming research. Video Watch congressional comments on the stimulus bill ยป
  • Losers

    • Veterans: Nearly all items for Veterans Affairs were reduced and the $2 billion the Senate wanted for VA construction was wiped out altogether. The VA did get one thing: $1 billion for medical facilities renovation and retooling.
    • Military construction: Cut and put into a general pot, a change from targeted money for each branch of the services. Army construction alone went from $600 million in the Senate and $900 million in the House to $180 million in the final bill. But negotiators compromised over a general military construction fund — the House wanted $3.75 billion while the Senate allocated $118 million and settled on $1.45 billion for all services.
    • FBI: Senate had allocated $475 million but all was cut out of final bill.

    Right…… So Veterans, the Military, and the FBI are the “Losers” and NASA’s global warming research, government oversight (whatever the @#%# that means) and trains are the big “Winners.” Says a lot about the liberals doesn’t it?

    Oh yea, one more thing. Can someone tell me again how exactly this BS is going to save our economy? Trains? Global Warming research? Government oversight? Boy, these intellectuals really pulled out their A-game to save us, didn’t they!

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