Last night on the news I listened to a story about how the banks - the ones we bailed out - are raising their interest rates on credit cards, because they need to generate quicker income.
They do have a lot of nerve.
It ticked me off so i sent the following epistle off to our friends in D.C. (The President & my representatives.)
Please feel free to use any or all and write to the President and your representatives as well.
Dear Senator
Help me understand why the banks who took my tax money to bail them out of financial ruin are now being allowed to raise the interest rates on credit cards?
Worse, we are not talking about fixed rates, but variable rates which they control.
I have a card with Citi Bank and the interest rate is now 17+%. (I talked to them and got it down to 14+ whoop de do!)
From what I have seen, many of the banks are moving to the plus column. Why are they being allowed to take advantage of the consumer/taxpayer?
On last night's news I learned that the bill you passed to control credit card debt and interest rates does not go into effect until February 2010. By that time the banks will have fixed interest rates at 25+% and they will be able to remain.
To say the least, I am disappointed.
You borrow money from China to bail out the banks, which went into collapse due to greed and mismanagement, and now the taxpayer/consumer is suppose to pick up the pieces, bear the cost and accept all additional burdens.
Once again, middle class American workers have received a royal screwing.
When will the President and Congress consider us? We are not a fatted cow that continually gives. One day we will have nothing left.
The next time you decide to bail out the "big" boys, remember us in the trenches who have to pay for your decisions.
Yours
Michael Wolfe
Showing posts with label Stimulus. Show all posts
Showing posts with label Stimulus. Show all posts
Wednesday, July 22, 2009
Wednesday, May 6, 2009
Congressman Ruppersberger on Energy
I just received a letter from Congressman Ruppersberger about energy conservation. I do not find a lot of substance. It appears to me that all he is trying to do is appease the voters by offering some credits, but is offering nothing concrete.
See what he has to say and see if you agree with me that once again Congress is blowing hot air and getting us nowhere.
Dear Mr. Wolfe:
This letter acknowledges receipt of your communication regarding our nation's need for clean, renewable energy.
The energy crisis has sparked a renewed debate in Congress about the direction of our country's energy policies. Our national energy policy is advancing into a new direction to include more research and development of domestic, renewable sources of energy. This is an important step toward making our country energy independent and addressing climate change.
While clean, domestic, renewable energy is important, we also have to provide our citizens with practical tools to help them become energy efficient so that they may save money and reduce their carbon footprint.
The recently passed American Recovery and Reinvestment Act, which I supported, expands the Section 25C tax credit for the purchase of qualified energy efficient improvements in existing homes. It eliminates a $200 per-window credit cap and replaces it with a broader $1,500 credit for windows and other energy-efficient improvements. I believe this will help homeowners save on their energy costs, and help create more jobs and help protect the environment.
Congress is working to move our energy policy in the right direction, but we still have a long way to go. I support the research, development, and production of domestic renewable energy sources along with increased energy-efficient products for homes and businesses. We must take a pro-active role in addressing global warming, and we also need to find ways to move our country away from imported oil and natural gas. I support policies that will help create a new energy economy.
I appreciate hearing your views on this matter. Please do not hesitate to contact me again in the future if you have any questions or comments. To receive additional information about issues that are facing Congress, Maryland and the Nation that may affect you and your community, please visit my website at www.dutch.house.gov and sign up for my periodic e-mail newsletter.
See what he has to say and see if you agree with me that once again Congress is blowing hot air and getting us nowhere.
Dear Mr. Wolfe:
This letter acknowledges receipt of your communication regarding our nation's need for clean, renewable energy.
The energy crisis has sparked a renewed debate in Congress about the direction of our country's energy policies. Our national energy policy is advancing into a new direction to include more research and development of domestic, renewable sources of energy. This is an important step toward making our country energy independent and addressing climate change.
While clean, domestic, renewable energy is important, we also have to provide our citizens with practical tools to help them become energy efficient so that they may save money and reduce their carbon footprint.
The recently passed American Recovery and Reinvestment Act, which I supported, expands the Section 25C tax credit for the purchase of qualified energy efficient improvements in existing homes. It eliminates a $200 per-window credit cap and replaces it with a broader $1,500 credit for windows and other energy-efficient improvements. I believe this will help homeowners save on their energy costs, and help create more jobs and help protect the environment.
Congress is working to move our energy policy in the right direction, but we still have a long way to go. I support the research, development, and production of domestic renewable energy sources along with increased energy-efficient products for homes and businesses. We must take a pro-active role in addressing global warming, and we also need to find ways to move our country away from imported oil and natural gas. I support policies that will help create a new energy economy.
I appreciate hearing your views on this matter. Please do not hesitate to contact me again in the future if you have any questions or comments. To receive additional information about issues that are facing Congress, Maryland and the Nation that may affect you and your community, please visit my website at www.dutch.house.gov and sign up for my periodic e-mail newsletter.
Tuesday, April 21, 2009
Senator Mikulski on Executive Bonuses
A little late, but Senator Mikulski finally responded to my question about executive bonuses.
Is it just me, or does it appear that she does not intend to do anything constructive about the situation other than whine and send a letter or two?
I know that's what I'm doing, but until I can fund a campaign and run for office, there's not a hell of a lot else I can do
The senator can do a lot more and she and her colleagues should get on the stick!!
Its Common Sense!
Below is her response.
Dear Mr. Wolfe:
Thank you for getting in touch with me about the bonuses being paid out to executives at financial companies receiving support from the government. I appreciate hearing from you about this issue.
The taxpayers need to see that the government is serious about being stewards of their money, and corporate America needs a clear message from Congress that they've got to get serious about working with President Obama to get this economy back on track.
People who played by the rules and trying to run a small business don't have access to credit. They're worried about keeping their jobs. They're losing their life savings. They're worried about holding on to their homes or their health insurance. They've seen irresponsible lending practices and watched Wall Street gamble on risky investments. And they've watched those same executives pay themselves lavish salaries.
My priorities for when the government uses taxpayer dollars are transparency, integrity, and accountability. We need to make sure the money is going to good use. I sent a letter to the Chief Executive Officer of AIG asking his employees to voluntarily give up the bonuses.
Knowing of your views is very helpful to me and I will keep them in mind. If you'd like to read more, I encourage you to visit my website where you can read the transcript of my floor statement on this issue and my letter to the CEO of AIG http://mikulski.senate.gov/Newsroom/PressReleases/index.cfm.
Again, thanks for contacting me. Please let me know if I can be of help to you in the future.Sincerely, Barbara A. MikulskiUnited States Senator P.S. If I can be of further assistance in the future,please visit my website at http://mikulski.senate.gov/or call my Washington D.C. office at 202-224-4654
Is it just me, or does it appear that she does not intend to do anything constructive about the situation other than whine and send a letter or two?
I know that's what I'm doing, but until I can fund a campaign and run for office, there's not a hell of a lot else I can do
The senator can do a lot more and she and her colleagues should get on the stick!!
Its Common Sense!
Below is her response.
Dear Mr. Wolfe:
Thank you for getting in touch with me about the bonuses being paid out to executives at financial companies receiving support from the government. I appreciate hearing from you about this issue.
The taxpayers need to see that the government is serious about being stewards of their money, and corporate America needs a clear message from Congress that they've got to get serious about working with President Obama to get this economy back on track.
People who played by the rules and trying to run a small business don't have access to credit. They're worried about keeping their jobs. They're losing their life savings. They're worried about holding on to their homes or their health insurance. They've seen irresponsible lending practices and watched Wall Street gamble on risky investments. And they've watched those same executives pay themselves lavish salaries.
My priorities for when the government uses taxpayer dollars are transparency, integrity, and accountability. We need to make sure the money is going to good use. I sent a letter to the Chief Executive Officer of AIG asking his employees to voluntarily give up the bonuses.
Knowing of your views is very helpful to me and I will keep them in mind. If you'd like to read more, I encourage you to visit my website where you can read the transcript of my floor statement on this issue and my letter to the CEO of AIG http://mikulski.senate.gov/Newsroom/PressReleases/index.cfm.
Again, thanks for contacting me. Please let me know if I can be of help to you in the future.Sincerely, Barbara A. MikulskiUnited States Senator P.S. If I can be of further assistance in the future,please visit my website at http://mikulski.senate.gov/or call my Washington D.C. office at 202-224-4654
Thursday, April 2, 2009
G20
The G20 met, promised $1.1 trillion to to lend to the poor countries, but decided not to follow the US & Britain idea of giant internal stimulus packages.
Who are the G20? By continent they are:
Africa = South Africa
Asia = China, India, Indonesia, Japan, Saudi Arabia, South Korea, Turkey
Australia = Australia
Europe = France, Germany, Italy, Russia, the United Kingdom, the European Union
North America = Canada, Mexico, the United States of America
South America = Argentina, Brazil
Antarctica = No representation
Now Russia and Turkey are both actually in Asia and Europe but I limited them to one continent.
Looking at these countries what I find a little disturbing is first to realize that more than 90% of the world's wealth is held by these 20 countries. (Actually 19 countries and a multi-country entity.)
Secondly, what I find disturbing is the number of countries on this list that have such wide difference between the few with the wealth and the multitude that is poor. Countries like Indonesia and Mexico have very small middle classes. Brazil, India, and Turkey are seeing the being of a rise in the middle class, whereupon China's rising middle class might start falling back due to the current financial situation.
It is noble that they pledged funds for their poor neighbors, we'll wait and see what the reality of that pledge becomes. For the short amount of time they had together, with the disagreements and lack of unity, it will be interesting to watch how things play out.
You would think that Europe would pull together with a European plan, but that doesn't seem to be happening. The North Americans could band together, after all we have NAFTA, but with the drug wars in Mexico, its very doubtful if anyone will want to work with Mexico, and the Canadians have come out tough, so it looks like the economic recovery is going to be every nation for themselves.
Rather sad commentary that these so called "rich" nations can not come to the world's aid in a crisis like this. Unfortunately things continue as normal, everyone wanting to be top dog and refusing to compromise. These strutting leaders are not the ones who suffer, they'll be comfortable the rest of their lives. Its the people who voted them into office who have to bear the burden of what their greedy colleagues allowed to happen.
Let's hold the leaders accountable, let them know they are being watched, and that there are no guarantees in this world, especially their jobs.
Its Common Sense!
Who are the G20? By continent they are:
Africa = South Africa
Asia = China, India, Indonesia, Japan, Saudi Arabia, South Korea, Turkey
Australia = Australia
Europe = France, Germany, Italy, Russia, the United Kingdom, the European Union
North America = Canada, Mexico, the United States of America
South America = Argentina, Brazil
Antarctica = No representation
Now Russia and Turkey are both actually in Asia and Europe but I limited them to one continent.
Looking at these countries what I find a little disturbing is first to realize that more than 90% of the world's wealth is held by these 20 countries. (Actually 19 countries and a multi-country entity.)
Secondly, what I find disturbing is the number of countries on this list that have such wide difference between the few with the wealth and the multitude that is poor. Countries like Indonesia and Mexico have very small middle classes. Brazil, India, and Turkey are seeing the being of a rise in the middle class, whereupon China's rising middle class might start falling back due to the current financial situation.
It is noble that they pledged funds for their poor neighbors, we'll wait and see what the reality of that pledge becomes. For the short amount of time they had together, with the disagreements and lack of unity, it will be interesting to watch how things play out.
You would think that Europe would pull together with a European plan, but that doesn't seem to be happening. The North Americans could band together, after all we have NAFTA, but with the drug wars in Mexico, its very doubtful if anyone will want to work with Mexico, and the Canadians have come out tough, so it looks like the economic recovery is going to be every nation for themselves.
Rather sad commentary that these so called "rich" nations can not come to the world's aid in a crisis like this. Unfortunately things continue as normal, everyone wanting to be top dog and refusing to compromise. These strutting leaders are not the ones who suffer, they'll be comfortable the rest of their lives. Its the people who voted them into office who have to bear the burden of what their greedy colleagues allowed to happen.
Let's hold the leaders accountable, let them know they are being watched, and that there are no guarantees in this world, especially their jobs.
Its Common Sense!
Monday, March 23, 2009
Toxic Loans?
Okay, I admit that I am having trouble understanding the Treasury's plan to buy the Toxic Debt from the banks. If these are bad debts to begin with, how is purchasing them with my tax dollars going to work into a plus for me?
Isn't it the Toxic Debt that started the financial crisis?
Next question - are the banks going to sell these debts at bargain basement prices or are they planning to rip us off for as much as they can?
Finally, if the banks sell the Toxic Loans to us, do they guarantee that in the future they will stick to the rules and only make loans that are reasonable and fair? Or are we just opening them up to repeat what they have done in the past?
I have to be honest and admit that I do not have a lot of faith in the banks that approved ridiculous loans and then started to cry when they realized their get rich scheme fell apart because they allowed greed to blind common sense.
I need some real convincing to see the wisdom of the US government using my tax dollars as funds to buy the consolidated debt of several banks.
Why help these big greedy banks? Why not make funds available to little banks, who know how to loan responsibly and who will make a profit on our money in the long run?
The big banks got what they deserved. Why do we have to pay for their greed and stupidity?
I don't trust the banks to do the right thing. We will have to watch closely and be ready to call them to task immediately. We have to make sure that Congress actually becomes the watchdog they should have been all along.
Its Common Sense!
Isn't it the Toxic Debt that started the financial crisis?
Next question - are the banks going to sell these debts at bargain basement prices or are they planning to rip us off for as much as they can?
Finally, if the banks sell the Toxic Loans to us, do they guarantee that in the future they will stick to the rules and only make loans that are reasonable and fair? Or are we just opening them up to repeat what they have done in the past?
I have to be honest and admit that I do not have a lot of faith in the banks that approved ridiculous loans and then started to cry when they realized their get rich scheme fell apart because they allowed greed to blind common sense.
I need some real convincing to see the wisdom of the US government using my tax dollars as funds to buy the consolidated debt of several banks.
Why help these big greedy banks? Why not make funds available to little banks, who know how to loan responsibly and who will make a profit on our money in the long run?
The big banks got what they deserved. Why do we have to pay for their greed and stupidity?
I don't trust the banks to do the right thing. We will have to watch closely and be ready to call them to task immediately. We have to make sure that Congress actually becomes the watchdog they should have been all along.
Its Common Sense!
Saturday, March 21, 2009
What a Week
Well, it was an interesting week.
There was all the fall out about the AIG bonuses, the figure has risen from $165 million to $215 million and who knows what the final figure will be when its all over. Congress is making all kind of threats but we'll have to wait and see what really comes out of it.
Chris Dodd, head of the banking and finance committee in the Senate evidently did not understand the documents he had been given, not to mention the fact that he has gotten some nice contributions from the Wall street gang over the years. Had to tone down his outrage because the truth of the matter is he is either stupid or a crook. Which do you think?
Banks are still holding onto their money, even though some of them now have commercials about how they want to help with debt consolidation and refinance. They just are keeping the fine print very fine so the consumer won't know just what it will all cost.
President Obama went on the Jay Leno show and hemmed and hawed his way through questions about how one minute he is telling the people to be calm and the next minute he is telling the people its okay to be angry and outraged. He better be careful. When all the details of his budget plan come out, that anger and outrage could be pointed at him.
The President also shared his hopes for March Madness with ESPN. The country is going to hell in a handbag and he is worried about college basketball. Go figure.
Pope Benedict is touring Africa and causing controversy by saying that condoms aren't the answer to AIDS. He's right. I understand his point that the Catholic Church has always taught against contraception and that people should not be promiscuous and wait til marriage. A good moral teaching, but what do we do with the reality? Unfortunately, the Catholic Church never moves quickly when it comes to change. Education is needed, both regarding the spread and prevention of AIDS, as well as Catholic Church teaching on moral issues. As I have mentioned in the past, all Catholic should take the time to read Pope Paul VI encyclical "Humane Vitae". That is the best guide for the moral decisions that the Catholic Church has ever released.
Finally, I had a birthday this week and am now closer to sixty than fifty-five. Which means I am closer to retirement, which am eagerly awaiting, but also closer to the time when I will need to make some serious decisions about the course of my future.
The current financial situation in the world will probably force me to rethink some of my plans.
Speaking of retirement and crooks, I was glad to see the court decided Bernie Madoff can continue his retirement years in jail up until when he gets his formal sentence. I hope that he will shortly be joined by his wife and the rest of his family. What a bunch of crooks.
Keep up to date on what is happening. Write your legislators and demand actions that protect and help us, not just actions that spend our money on nothing.
Its our life and our country, we are the ones who have to make things better.
Its Common Sense!
There was all the fall out about the AIG bonuses, the figure has risen from $165 million to $215 million and who knows what the final figure will be when its all over. Congress is making all kind of threats but we'll have to wait and see what really comes out of it.
Chris Dodd, head of the banking and finance committee in the Senate evidently did not understand the documents he had been given, not to mention the fact that he has gotten some nice contributions from the Wall street gang over the years. Had to tone down his outrage because the truth of the matter is he is either stupid or a crook. Which do you think?
Banks are still holding onto their money, even though some of them now have commercials about how they want to help with debt consolidation and refinance. They just are keeping the fine print very fine so the consumer won't know just what it will all cost.
President Obama went on the Jay Leno show and hemmed and hawed his way through questions about how one minute he is telling the people to be calm and the next minute he is telling the people its okay to be angry and outraged. He better be careful. When all the details of his budget plan come out, that anger and outrage could be pointed at him.
The President also shared his hopes for March Madness with ESPN. The country is going to hell in a handbag and he is worried about college basketball. Go figure.
Pope Benedict is touring Africa and causing controversy by saying that condoms aren't the answer to AIDS. He's right. I understand his point that the Catholic Church has always taught against contraception and that people should not be promiscuous and wait til marriage. A good moral teaching, but what do we do with the reality? Unfortunately, the Catholic Church never moves quickly when it comes to change. Education is needed, both regarding the spread and prevention of AIDS, as well as Catholic Church teaching on moral issues. As I have mentioned in the past, all Catholic should take the time to read Pope Paul VI encyclical "Humane Vitae". That is the best guide for the moral decisions that the Catholic Church has ever released.
Finally, I had a birthday this week and am now closer to sixty than fifty-five. Which means I am closer to retirement, which am eagerly awaiting, but also closer to the time when I will need to make some serious decisions about the course of my future.
The current financial situation in the world will probably force me to rethink some of my plans.
Speaking of retirement and crooks, I was glad to see the court decided Bernie Madoff can continue his retirement years in jail up until when he gets his formal sentence. I hope that he will shortly be joined by his wife and the rest of his family. What a bunch of crooks.
Keep up to date on what is happening. Write your legislators and demand actions that protect and help us, not just actions that spend our money on nothing.
Its our life and our country, we are the ones who have to make things better.
Its Common Sense!
Thursday, March 19, 2009
Doing the Right Thing
Last week NBC News sponsored a segment about people making a difference by helping others in these troubled times. As I watched I wondered why the banks, Wall Street, and the gang on the Hill couldn't do the same thing.
Wouldn't it be nice if banks helped people with debt consolidation and helped adjust mortgages so people stayed in their homes?
Wouldn't it be nice if the folks on Wall Street took their bonuses and helped those most in need?
And wouldn't it be nice if Congress stopped over reacting and simple started acting responsible and putting the welfare of America ahead of their own political needs?
I know, I'm dreaming. But maybe there is hope that this crisis will help all of us to grow, share, be more generous, have patience, be forgiving and most importantly work together.
None of us can do it alone, this has to be a unified effort.
Its Common Sense!
Wouldn't it be nice if banks helped people with debt consolidation and helped adjust mortgages so people stayed in their homes?
Wouldn't it be nice if the folks on Wall Street took their bonuses and helped those most in need?
And wouldn't it be nice if Congress stopped over reacting and simple started acting responsible and putting the welfare of America ahead of their own political needs?
I know, I'm dreaming. But maybe there is hope that this crisis will help all of us to grow, share, be more generous, have patience, be forgiving and most importantly work together.
None of us can do it alone, this has to be a unified effort.
Its Common Sense!
Tuesday, March 17, 2009
Chinese Invasion - Where is Power to the People?
Learned something interesting today. While the majority of us are worried about things like debt consolidation, paying the mortgage, wondering how AIG is paying bonuses and why Congress isn't protecting us, there is a group of Chinese millionaires who have come to the US of A looking for real estate bargains.
Last week the Chinese Premier mentioned he was a little concerned about the value of the dollar going down and them not getting their loans repaid. The Obama Administration assured the Chinese that their was no better investment than the United States of America. Evidently a group of Chinese millionaires took the Administration at its word and they have begun a cross country odyssey grabbing at every bargain they can.
Already they have been to LA and Vegas, and some have been caught checking out the Manhattan skyline. Not to mention resort communities in places like Delaware and the Carolinas.
Remember when we were worried about the the Japanese and Saudis buying everything? Now it appears that the Chinese are interested in the left overs. While people get all excited about illegal Hispanic immigration, the Chinese, along with the Japanese and oil rich Middle Easterners, are buying up the country right under our noses without a whimper of protest on any one's part.
Before you know it we will be paying our rents, mortgages and taxes directly to foreign nations, because they will own us.
Greed just continues and the sense of nationalism and loyalty just fades away, especially for those only interested in a quick buck.
I would suggest telling Congress to protect our land but I think its too late. We owe too much due to their reckless spending and "loan" techniques. Instead of debt consolidation, they only want to see debt spiraling throughout the constellations. Through debt and real estate purchases by foreign nationals, we are losing the USA.
I would appreciate any ideas on what we can do to save the country. What is a good way to get our legislators off their butts and working for us, rather than the almighty dollar? Is it time for a true political revolution, where we turn everything upside down and try and return to the early days of a fledgling republic? It wasn't easy or perfect, but there was a beauty to it, something that is entirely missing today.
Let's fight for our country. If we don't, no one else will.
Its Common Sense!
Last week the Chinese Premier mentioned he was a little concerned about the value of the dollar going down and them not getting their loans repaid. The Obama Administration assured the Chinese that their was no better investment than the United States of America. Evidently a group of Chinese millionaires took the Administration at its word and they have begun a cross country odyssey grabbing at every bargain they can.
Already they have been to LA and Vegas, and some have been caught checking out the Manhattan skyline. Not to mention resort communities in places like Delaware and the Carolinas.
Remember when we were worried about the the Japanese and Saudis buying everything? Now it appears that the Chinese are interested in the left overs. While people get all excited about illegal Hispanic immigration, the Chinese, along with the Japanese and oil rich Middle Easterners, are buying up the country right under our noses without a whimper of protest on any one's part.
Before you know it we will be paying our rents, mortgages and taxes directly to foreign nations, because they will own us.
Greed just continues and the sense of nationalism and loyalty just fades away, especially for those only interested in a quick buck.
I would suggest telling Congress to protect our land but I think its too late. We owe too much due to their reckless spending and "loan" techniques. Instead of debt consolidation, they only want to see debt spiraling throughout the constellations. Through debt and real estate purchases by foreign nationals, we are losing the USA.
I would appreciate any ideas on what we can do to save the country. What is a good way to get our legislators off their butts and working for us, rather than the almighty dollar? Is it time for a true political revolution, where we turn everything upside down and try and return to the early days of a fledgling republic? It wasn't easy or perfect, but there was a beauty to it, something that is entirely missing today.
Let's fight for our country. If we don't, no one else will.
Its Common Sense!
Sunday, March 15, 2009
AIG Bonus Payments
I saw a head line that AIG must pay bonuses to its employees, even though it ended up in the red and took a hefty amount of tax payer money to stay solvent. Here is the article.
http://news.yahoo.com/s/ap/20090315/ap_on_bi_ge/aig_bonuses
Needless to say I do not care what contracts AIG employees signed prior to the bailout. Without the bailout money, AIG would be bankrupt, and the employees unemployed. Now, they are going to use taxpayer money to provide these bonuses, although they plan to restructure bonuses in the future.
Give me a break. The company failed and is only surviving at tax payer expense. As an involuntary share holder of AIG, no one has offered me any bonus. Why should those who took the company into debt get a bonus?
These are questions I will be asking my representatives and probably the president because I find this the worst kind of rip off.
I will be posting my letters in the near future.
Send your own letters and be heard. Its our country and our money. We need to have our say.
Its Common Sense!
http://news.yahoo.com/s/ap/20090315/ap_on_bi_ge/aig_bonuses
Needless to say I do not care what contracts AIG employees signed prior to the bailout. Without the bailout money, AIG would be bankrupt, and the employees unemployed. Now, they are going to use taxpayer money to provide these bonuses, although they plan to restructure bonuses in the future.
Give me a break. The company failed and is only surviving at tax payer expense. As an involuntary share holder of AIG, no one has offered me any bonus. Why should those who took the company into debt get a bonus?
These are questions I will be asking my representatives and probably the president because I find this the worst kind of rip off.
I will be posting my letters in the near future.
Send your own letters and be heard. Its our country and our money. We need to have our say.
Its Common Sense!
Friday, March 13, 2009
Sentaor Cardin on the Stmulus
Senator Cardin responded today about his view of the stimulus. More and more its like the blind leading the blind. (Please note - I did not edit his response, what you see is what I got. Maybe he should hirer a staffer to proof read.)
Dear Mr. Wolfe:
Thank you for contacting me regarding the American Recovery and Reinvestment Act of 2009 ( H.R. 1 ) . Over the past few months, I have heard from thousand s of Maryland ers who are struggling in this economic climate, but are also worried about significant new federal spending . I share your concerns about our economy; it is my top priority in the United States Senate.
Our economy is hurting and President Obama asked Congress to support the American Recovery and Reinvestment Act . I agree with President Obama that there is no miracle that will solve our problems overnight, but if we do not act quickly, this recession could continue for years . America could lose its competitive edge that has served as the foundation for our strength and standing in the world . I am committed to working in a bipartisan manner to find ef fective legislative solutions that benefit working individuals and families. These solutions must be timely, temporary, and guarantee greater transparency and accountability so that consumers, homeowners, investors and taxpayers are adequately protected. Additionally, we must improve the current regulatory system so that we can help stabilize the financial markets and increase the availability of credit to families and small businesses.
The American Recovery and Reinvestment Act would provide needed tax relief for individuals and families. The bill include s a $25 0 one-time payment distrib uted to Social S ecurity ben eficiaries, disabled veterans, SSI beneficiaries, and retired rail-road workers; an alternative minimum tax patch for 2009; a temporary suspension of federal income tax on the first $2,400 of unemployment benefits; and an expansion of the homeowner tax credit to $8 ,000 .
I also sponsored a provision in the bill that would provide relief to our nation's small businesses. It is essential that surety bonding capacity be available for small business contractors once funds are made available to rebuild our nations' infrastructure. My provision increase s the current statutory limits under the Surety Bond Guarantee Program from $2 million to $5 million . This will allow small businesses to compete for a greater share of federal contracts and ensure that the government better spreads it s ' work among minority owned, women-owned, veteran-owned, and disadvantaged small businesses.
The American Recovery and Reinvestment Act of 2009 would provide important investments in health information technology. These investments will quickly grow jobs in the health care sector and eventually improve the quality of health care for every American. The bill would also expand health insurance coverage through COBRA and Medicaid programs to individuals who lose their jobs and are uninsured. It also include s a temporary increase in the Medicaid federal matching funds, several unemployment benefits , and supplemental grant extensions for Temporary Assistance for Needy Families (TANF) to assist states struggling to meet the growing needs of newly unemployed workers.
On a local level, the American Recovery and Reinvestment Act would provide at least $2.5 billion for Maryland . A portion of t his money would put Marylanders immediately to work rebuilding our crumbling roads, bridges , and transit systems - creating a stronger and more efficient infrastructure for the 21st century economy. Funds will be distributed throughout Maryland for infrastructure , science, education, training, energy, and will help protect our most vulnerable citizens by providing immediate relief for the poor, the young , and the elderly.
Representative David Obey introduced H.R. 1, the American Recovery and Reinvestment Act of 2009 on January 26 , 2009. The House passed the American Recovery and Reinvestment Act Conference Report by a vote of 246-183 on February 13, 2009, and it was forwarded to the Senate . I voted for H.R. 1 , and the Senate passed it by a vote of 60-38 that evening. On February 17, President Obama signed the American Recovery and Reinvestment Act of 2009 and it became Public L aw : 111-5 .
I appreciate your contacting me about this most serious and difficult issue. I ask that you continue to keep me informed of your views on efforts to improve the economy. With your help, we can work together in pursuit of bipartisan solutions to improve the lives of working families and our country as a whole. Please visit my website at http://cardin.senate.gov to sign up for my e-newsletter.
Dear Mr. Wolfe:
Thank you for contacting me regarding the American Recovery and Reinvestment Act of 2009 ( H.R. 1 ) . Over the past few months, I have heard from thousand s of Maryland ers who are struggling in this economic climate, but are also worried about significant new federal spending . I share your concerns about our economy; it is my top priority in the United States Senate.
Our economy is hurting and President Obama asked Congress to support the American Recovery and Reinvestment Act . I agree with President Obama that there is no miracle that will solve our problems overnight, but if we do not act quickly, this recession could continue for years . America could lose its competitive edge that has served as the foundation for our strength and standing in the world . I am committed to working in a bipartisan manner to find ef fective legislative solutions that benefit working individuals and families. These solutions must be timely, temporary, and guarantee greater transparency and accountability so that consumers, homeowners, investors and taxpayers are adequately protected. Additionally, we must improve the current regulatory system so that we can help stabilize the financial markets and increase the availability of credit to families and small businesses.
The American Recovery and Reinvestment Act would provide needed tax relief for individuals and families. The bill include s a $25 0 one-time payment distrib uted to Social S ecurity ben eficiaries, disabled veterans, SSI beneficiaries, and retired rail-road workers; an alternative minimum tax patch for 2009; a temporary suspension of federal income tax on the first $2,400 of unemployment benefits; and an expansion of the homeowner tax credit to $8 ,000 .
I also sponsored a provision in the bill that would provide relief to our nation's small businesses. It is essential that surety bonding capacity be available for small business contractors once funds are made available to rebuild our nations' infrastructure. My provision increase s the current statutory limits under the Surety Bond Guarantee Program from $2 million to $5 million . This will allow small businesses to compete for a greater share of federal contracts and ensure that the government better spreads it s ' work among minority owned, women-owned, veteran-owned, and disadvantaged small businesses.
The American Recovery and Reinvestment Act of 2009 would provide important investments in health information technology. These investments will quickly grow jobs in the health care sector and eventually improve the quality of health care for every American. The bill would also expand health insurance coverage through COBRA and Medicaid programs to individuals who lose their jobs and are uninsured. It also include s a temporary increase in the Medicaid federal matching funds, several unemployment benefits , and supplemental grant extensions for Temporary Assistance for Needy Families (TANF) to assist states struggling to meet the growing needs of newly unemployed workers.
On a local level, the American Recovery and Reinvestment Act would provide at least $2.5 billion for Maryland . A portion of t his money would put Marylanders immediately to work rebuilding our crumbling roads, bridges , and transit systems - creating a stronger and more efficient infrastructure for the 21st century economy. Funds will be distributed throughout Maryland for infrastructure , science, education, training, energy, and will help protect our most vulnerable citizens by providing immediate relief for the poor, the young , and the elderly.
Representative David Obey introduced H.R. 1, the American Recovery and Reinvestment Act of 2009 on January 26 , 2009. The House passed the American Recovery and Reinvestment Act Conference Report by a vote of 246-183 on February 13, 2009, and it was forwarded to the Senate . I voted for H.R. 1 , and the Senate passed it by a vote of 60-38 that evening. On February 17, President Obama signed the American Recovery and Reinvestment Act of 2009 and it became Public L aw : 111-5 .
I appreciate your contacting me about this most serious and difficult issue. I ask that you continue to keep me informed of your views on efforts to improve the economy. With your help, we can work together in pursuit of bipartisan solutions to improve the lives of working families and our country as a whole. Please visit my website at http://cardin.senate.gov to sign up for my e-newsletter.
Thursday, March 12, 2009
President Obama, the "Except" President
President Obama has survived his first fifty days and no one knows how much of our money he will spend by the time he reaches day one hundred. This is the man who convinced many of us that he was sincere and truly going to bring change to Washington D.C.
Except
He said lobbyists would have no influence on his administration and yet three influential lobbyists, Teal Baker, Brandon Hurlbut and Daniel Shapario were all part of his campaign. Baker is working for Podesta again, Hurlbut appears to be working behind the scenes for the Administration and Shapiro is an advisor to the National Security Council. No lobbyist influence here.
Except
No more entitlements or pork. Except of course in the $415 billion bill he just signed that has pork oozing through the cracks. Of course the excuse is that the bill was ready to go before he took office. Imagine what would have happened if he took a moral stand, kept his promise and vetoed the bill.
Except
The President talks one way when facing the people but then does another song and dance with the Congress.
The sad truth of the matter is that thus far Obama has shown himself to be just another politician who told a bunch of lies, put us into a debt we'll never get out of, and has sucked out the hope we had back in November.
Maybe I'm wrong. Maybe he will surprise me and many others and actually prove to be a man of his word.
Except
I don't think Congress is going to let it happen. They outnumber him and they are never going to give up their power.
Let's talk line item veto and term limits. Let's give the country back to the people.
Its Common Sense!
Except
He said lobbyists would have no influence on his administration and yet three influential lobbyists, Teal Baker, Brandon Hurlbut and Daniel Shapario were all part of his campaign. Baker is working for Podesta again, Hurlbut appears to be working behind the scenes for the Administration and Shapiro is an advisor to the National Security Council. No lobbyist influence here.
Except
No more entitlements or pork. Except of course in the $415 billion bill he just signed that has pork oozing through the cracks. Of course the excuse is that the bill was ready to go before he took office. Imagine what would have happened if he took a moral stand, kept his promise and vetoed the bill.
Except
The President talks one way when facing the people but then does another song and dance with the Congress.
The sad truth of the matter is that thus far Obama has shown himself to be just another politician who told a bunch of lies, put us into a debt we'll never get out of, and has sucked out the hope we had back in November.
Maybe I'm wrong. Maybe he will surprise me and many others and actually prove to be a man of his word.
Except
I don't think Congress is going to let it happen. They outnumber him and they are never going to give up their power.
Let's talk line item veto and term limits. Let's give the country back to the people.
Its Common Sense!
Tuesday, March 10, 2009
Family - The Best Stimulus Package
Last night on the news I saw a story about the tent cities springing up around the country as more and more people lose their jobs and homes. We talked about it at work today and one of the women I work with said she didn't understand why the families of these people did not take them in.
I think that is a good point. I have two brothers and a sister, and even though we live in four different states and don't see each other as often as we should, if one of us gets in trouble we know the others will be there.
Maybe one of the sad things to come out of this economic crisis is to see that sadly the American family is truly dissolving. In the beginning, family loyalty was the priority, then loyalty to the clan, the tribe and evidently the complex society of the nation. The basis of everything was the strong family base and unfortunately that is fading away.
While we all struggle through these economic hardships, we all need to take the time to consider how we can strengthen our family ties and be there for each other. We should be able to depend on our families, not the government.
I know families are not as big as they used to be. My daughter is an only child, so she is one of many who needs to build strong and lasting relationships with her cousins and friends who are in similar situations.
The important thing is that we all support and strengthen our families. Our support and strength needs to be from the basic support unit - family.
If we can renew the family, if we start working from the core and then push out, then we will be able to overcome the hardships facing us, and return to our place of leadership in the world.
Its Common Sense!
I think that is a good point. I have two brothers and a sister, and even though we live in four different states and don't see each other as often as we should, if one of us gets in trouble we know the others will be there.
Maybe one of the sad things to come out of this economic crisis is to see that sadly the American family is truly dissolving. In the beginning, family loyalty was the priority, then loyalty to the clan, the tribe and evidently the complex society of the nation. The basis of everything was the strong family base and unfortunately that is fading away.
While we all struggle through these economic hardships, we all need to take the time to consider how we can strengthen our family ties and be there for each other. We should be able to depend on our families, not the government.
I know families are not as big as they used to be. My daughter is an only child, so she is one of many who needs to build strong and lasting relationships with her cousins and friends who are in similar situations.
The important thing is that we all support and strengthen our families. Our support and strength needs to be from the basic support unit - family.
If we can renew the family, if we start working from the core and then push out, then we will be able to overcome the hardships facing us, and return to our place of leadership in the world.
Its Common Sense!
Monday, March 9, 2009
Senator Tom Harkin and "Pork"
The more I hear about the $415 billion the Congress wants to rush through with all the entitlements (spelled PORK) the madder I get.
Senator Tom Harkin, Iowa Democrat, wants $1.7 million for "Swine Odor and Manure Management Research." Live up wind of the pig farm, not too hard to figure out. Since I doubt they will be coming out with a deodorant or perfume for pigs to use, I really do not understand the value of this study.
Now, if the basic concept was to discover how pig manure can be converted into inexpensive methane fuel for vehicles, then I might be sympathetic. However, that does not appear to be the plan.
The real kicker is that $1.9 million have already been spent on this project during the past two years.
Our country is facing what is going to be the worst economic catastrophe of my life time, and our "leaders" think studying swine odor is more important than getting people back to work, saving and improving our education system, rebuilding our infrastructure and changing the world image of our country to that of a true leader.
Unfortunately, Harkens is not alone in wanting to bring the "pork" home to his people. There are other entitlements in the bill that seem just as selfish and stupid, yet I fear, that for all his talk, President Obama is going to go ahead and sign it, promising to do better next time.
Obama was elected because he promised true change in DC.
The crooks on Capital Hill aren't changing, we will have to see if the President keeps his word and keeps the faith of the American public. If he fails us, then he fails future generations, because he has already put us in a debt that my grandchildren and probably great-grand children will have to pay.
Please write your representatives and tell them no more pork!
Have them push for the line item veto!
Let's give the president the power he needs to fight Congress in the spot they understand, their pocketbook.
Its our money and we don't want it spent worrying about pig odors, we want it spent to save our country.
Its Common Sense!
Senator Tom Harkin, Iowa Democrat, wants $1.7 million for "Swine Odor and Manure Management Research." Live up wind of the pig farm, not too hard to figure out. Since I doubt they will be coming out with a deodorant or perfume for pigs to use, I really do not understand the value of this study.
Now, if the basic concept was to discover how pig manure can be converted into inexpensive methane fuel for vehicles, then I might be sympathetic. However, that does not appear to be the plan.
The real kicker is that $1.9 million have already been spent on this project during the past two years.
Our country is facing what is going to be the worst economic catastrophe of my life time, and our "leaders" think studying swine odor is more important than getting people back to work, saving and improving our education system, rebuilding our infrastructure and changing the world image of our country to that of a true leader.
Unfortunately, Harkens is not alone in wanting to bring the "pork" home to his people. There are other entitlements in the bill that seem just as selfish and stupid, yet I fear, that for all his talk, President Obama is going to go ahead and sign it, promising to do better next time.
Obama was elected because he promised true change in DC.
The crooks on Capital Hill aren't changing, we will have to see if the President keeps his word and keeps the faith of the American public. If he fails us, then he fails future generations, because he has already put us in a debt that my grandchildren and probably great-grand children will have to pay.
Please write your representatives and tell them no more pork!
Have them push for the line item veto!
Let's give the president the power he needs to fight Congress in the spot they understand, their pocketbook.
Its our money and we don't want it spent worrying about pig odors, we want it spent to save our country.
Its Common Sense!
Friday, March 6, 2009
Senator Mikulski on Energy
The other day I shared Congressman Ruppersberger view on energy reform. Today I have the response I received from Senator Barbara Mikulski.
Let me know if you think they are addressing our concerns.
Dear Mr. Wolfe:
Thank you for writing to me about funding for alternative energy in the American Recovery and Reinvestment Act
(P.L. 111-5). It's great to hear from you.
I have good news! The ARRA included over $41 billion to improve the way our country uses, produces and conserves energy. This will support projects such as the Weatherization Assistance Program, modernizing the electric grid, repairing federal buildings to increase energy efficiency, fossil energy research and development, energy efficiency and renewable energy research and many others. Securing our energy future is important. I supported this funding legislation because I believe in a sensible energy plan that promotes alternative energy and energy efficiency and reduces global warming pollution.
President Obama and Congress have taken a major step forward by enacting the ARRA. Only a few weeks into a new Congress and a new Administration, we stood up for America and enacted the most significant economic stimulus legislation in our nation's history. By standing with President Obama, we stand up for America to create jobs for people who have lost them and to help those who have jobs keep them.
The ARRA creates jobs by investing in our infrastructure. It fixes aging physical infrastructure like roads, bridges, public transit and water systems. It invests in the technological infrastructure like broadband to expand small businesses. And it makes major improvements to our social infrastructure by investing in education so that families and local school districts can help special needs children, extending unemployment insurance for struggling families, and increasing federal assistance for the Medicaid program so states won't cut care for seniors and the poor. It also has targeted tax breaks to help families and small businesses.
For more information on the American Recovery and Reinvestment Act, you may be interested in the White House website http://www.recovery.gov, where you can read the full text of the legislation and see how the money is being spent.
Thanks once again for writing. Please let me know if I can be of assistance in the future.
Sincerely, Barbara A. MikulskiUnited States Senator P.S. If I can be of further assistance in the future,please visit my website at http://mikulski.senate.govor call my Washington D.C. office at 202-224-4654
Let me know if you think they are addressing our concerns.
Dear Mr. Wolfe:
Thank you for writing to me about funding for alternative energy in the American Recovery and Reinvestment Act
(P.L. 111-5). It's great to hear from you.
I have good news! The ARRA included over $41 billion to improve the way our country uses, produces and conserves energy. This will support projects such as the Weatherization Assistance Program, modernizing the electric grid, repairing federal buildings to increase energy efficiency, fossil energy research and development, energy efficiency and renewable energy research and many others. Securing our energy future is important. I supported this funding legislation because I believe in a sensible energy plan that promotes alternative energy and energy efficiency and reduces global warming pollution.
President Obama and Congress have taken a major step forward by enacting the ARRA. Only a few weeks into a new Congress and a new Administration, we stood up for America and enacted the most significant economic stimulus legislation in our nation's history. By standing with President Obama, we stand up for America to create jobs for people who have lost them and to help those who have jobs keep them.
The ARRA creates jobs by investing in our infrastructure. It fixes aging physical infrastructure like roads, bridges, public transit and water systems. It invests in the technological infrastructure like broadband to expand small businesses. And it makes major improvements to our social infrastructure by investing in education so that families and local school districts can help special needs children, extending unemployment insurance for struggling families, and increasing federal assistance for the Medicaid program so states won't cut care for seniors and the poor. It also has targeted tax breaks to help families and small businesses.
For more information on the American Recovery and Reinvestment Act, you may be interested in the White House website http://www.recovery.gov, where you can read the full text of the legislation and see how the money is being spent.
Thanks once again for writing. Please let me know if I can be of assistance in the future.
Sincerely, Barbara A. MikulskiUnited States Senator P.S. If I can be of further assistance in the future,please visit my website at http://mikulski.senate.govor call my Washington D.C. office at 202-224-4654
Thursday, March 5, 2009
Congressman Ruppersberger on Energy
I just received the following letter from my congressman about making America energy independent. Is it just me, or is this another politican who talks in generalities and avoids specifics at all costs?
Let me know what you think.
Dear Mr. Wolfe:
This letter acknowledges receipt of your communication regarding our nation’s need for clean, renewable energy.
The energy crisis has sparked a renewed debate in Congress about the direction of our country’s energy policies. Our national energy policy is advancing into a new direction to include more research and development of domestic, renewable sources of energy. This is an important step toward making our country energy independent and addressing climate change.
While clean, domestic, renewable energy is important, we also have to provide our citizens with practical tools to help them become energy efficient so that they may save money and reduce their carbon footprint.
The recently passed American Recovery and Reinvestment Act, which I supported, expands the Section 25C tax credit for the purchase of qualified energy efficient improvements in existing homes. It eliminates a $200 per-window credit cap and replaces it with a broader $1,500 credit for windows and other energy-efficient improvements. I believe this will help homeowners save on their energy costs, and help create more jobs and help protect the environment.
Congress is working to move our energy policy in the right direction, but we still have a long way to go. I support the research, development, and production of domestic renewable energy sources along with increased energy-efficient products for homes and businesses. We must take a pro-active role in addressing global warming, and we also need to find ways to move our country away from imported oil and natural gas. I support policies that will help create a new energy economy.
I appreciate hearing your views on this matter. Please do not hesitate to contact me again in the future if you have any questions or comments. To receive additional information about issues that are facing Congress, Maryland and the Nation that may affect you and your community, please visit my website at www.dutch.house.gov and sign up for my periodic e-mail newsletter. Sincerely,C.A. Dutch RuppersbergerMember of Congress
Let me know what you think.
Dear Mr. Wolfe:
This letter acknowledges receipt of your communication regarding our nation’s need for clean, renewable energy.
The energy crisis has sparked a renewed debate in Congress about the direction of our country’s energy policies. Our national energy policy is advancing into a new direction to include more research and development of domestic, renewable sources of energy. This is an important step toward making our country energy independent and addressing climate change.
While clean, domestic, renewable energy is important, we also have to provide our citizens with practical tools to help them become energy efficient so that they may save money and reduce their carbon footprint.
The recently passed American Recovery and Reinvestment Act, which I supported, expands the Section 25C tax credit for the purchase of qualified energy efficient improvements in existing homes. It eliminates a $200 per-window credit cap and replaces it with a broader $1,500 credit for windows and other energy-efficient improvements. I believe this will help homeowners save on their energy costs, and help create more jobs and help protect the environment.
Congress is working to move our energy policy in the right direction, but we still have a long way to go. I support the research, development, and production of domestic renewable energy sources along with increased energy-efficient products for homes and businesses. We must take a pro-active role in addressing global warming, and we also need to find ways to move our country away from imported oil and natural gas. I support policies that will help create a new energy economy.
I appreciate hearing your views on this matter. Please do not hesitate to contact me again in the future if you have any questions or comments. To receive additional information about issues that are facing Congress, Maryland and the Nation that may affect you and your community, please visit my website at www.dutch.house.gov and sign up for my periodic e-mail newsletter. Sincerely,C.A. Dutch RuppersbergerMember of Congress
Friday, February 27, 2009
Senator Mikulski on the Stimulus
Senator Mikulski finally responded to my letter on the stimlus. Here it is.
Dear Mr. Wolfe:
Thank you for getting in touch with me about the American Recovery and Reinvestment Act (P.L. 111-5). It's good to hear from you.
I appreciate hearing your views about this issue. We have inherited a terrible mess, our economy is teetering, and we need to work together to get out of it.
President Obama and Congress have taken a major step forward by enacting the American Recovery and Reinvestment Act (ARRA). Only a few weeks into a new Congress and a new Administration, we stood up for America and enacted the most significant economic stimulus legislation in our nation's history. By standing with President Obama, we stand up for America to create jobs for people who have lost them and to help those who have jobs keep them. This really is about jobs, jobs, jobs.
The ARRA creates jobs by investing in our infrastructure. It fixes aging physical infrastructure like roads, bridges, public transit and water systems. It invests in the technological infrastructure like broadband to expand small businesses. And it makes major improvements to our social infrastructure by investing in education so that families and local school districts can help special needs children, extending unemployment insurance for struggling families, and increasing federal assistance for the Medicaid program so states won't cut care for seniors and the poor. It also has targeted tax breaks to help families and small businesses.
I'm heartened that my automobile amendment was included in this legislation. It makes state sales or excise car tax deductible for all new cars purchased before the end of this year. It helps consumers and it helps save jobs in the automobile industry. From the salesman who sells the car, to the manufacturers who make it, to the mechanic who fixes it, and office managers who process the paperwork.
Last month 598,000 people lost their jobs, so this bill is a victory for America. It stimulates the economy today and lays the groundwork for a stronger economy tomorrow.
For more information on the American Recovery and Reinvestment Act, you may be interested in the White House website http://www.recovery.gov, where you can read the full text of the legislation and see how the money is being spent.
Thanks again for getting in touch with me about these issues. Knowing of your views was helpful to me. Please let me know if I can be of any assistance to you in the future.
Sincerely, Barbara A. MikulskiUnited States Senator
P.S. If I can be of further assistance in the future,please visit my website at http://mikulski.senate.govor call my Washington D.C. office at 202-224-4654
Dear Mr. Wolfe:
Thank you for getting in touch with me about the American Recovery and Reinvestment Act (P.L. 111-5). It's good to hear from you.
I appreciate hearing your views about this issue. We have inherited a terrible mess, our economy is teetering, and we need to work together to get out of it.
President Obama and Congress have taken a major step forward by enacting the American Recovery and Reinvestment Act (ARRA). Only a few weeks into a new Congress and a new Administration, we stood up for America and enacted the most significant economic stimulus legislation in our nation's history. By standing with President Obama, we stand up for America to create jobs for people who have lost them and to help those who have jobs keep them. This really is about jobs, jobs, jobs.
The ARRA creates jobs by investing in our infrastructure. It fixes aging physical infrastructure like roads, bridges, public transit and water systems. It invests in the technological infrastructure like broadband to expand small businesses. And it makes major improvements to our social infrastructure by investing in education so that families and local school districts can help special needs children, extending unemployment insurance for struggling families, and increasing federal assistance for the Medicaid program so states won't cut care for seniors and the poor. It also has targeted tax breaks to help families and small businesses.
I'm heartened that my automobile amendment was included in this legislation. It makes state sales or excise car tax deductible for all new cars purchased before the end of this year. It helps consumers and it helps save jobs in the automobile industry. From the salesman who sells the car, to the manufacturers who make it, to the mechanic who fixes it, and office managers who process the paperwork.
Last month 598,000 people lost their jobs, so this bill is a victory for America. It stimulates the economy today and lays the groundwork for a stronger economy tomorrow.
For more information on the American Recovery and Reinvestment Act, you may be interested in the White House website http://www.recovery.gov, where you can read the full text of the legislation and see how the money is being spent.
Thanks again for getting in touch with me about these issues. Knowing of your views was helpful to me. Please let me know if I can be of any assistance to you in the future.
Sincerely, Barbara A. MikulskiUnited States Senator
P.S. If I can be of further assistance in the future,please visit my website at http://mikulski.senate.govor call my Washington D.C. office at 202-224-4654
Monday, February 23, 2009
Let's take a minute to breath
I think that now is the time we all need to sit back and calmly reflect on what is going on. The stimulus package, like it or not, is passed and the money is going to be disbursed, sooner better than later. Some governors have problems with some of the money and that's fine. They should ask their constituents' opinion on the spending of any "questionable" money from the Federal government. This money is for the people, not for politicians to play with.
This week President Obama will unveil his budget and his plan to cut his inherited deficit in half during his term. Details will be important. Following the details will be even more important.
Pulling back from Iraq may save some money, but the truth of the matter is if we are to save Afghanistan from the Taliban and Al Quada, then we are going to have to spend heavily on education and modernization. In the past no country has defeated the Afghans because they only tried to destroy and break. To be successful we will have to work with the Afghans to help them grow and expand. All of which will take money.
So, we will sit and wait. There was a big conference today about the economy and the future of the country. All the experts were there. What we have to wait and see is if the "experts" can make their thoughts and dreams practical so that something beneficial will happen for the country.
Its Common Sense!
This week President Obama will unveil his budget and his plan to cut his inherited deficit in half during his term. Details will be important. Following the details will be even more important.
Pulling back from Iraq may save some money, but the truth of the matter is if we are to save Afghanistan from the Taliban and Al Quada, then we are going to have to spend heavily on education and modernization. In the past no country has defeated the Afghans because they only tried to destroy and break. To be successful we will have to work with the Afghans to help them grow and expand. All of which will take money.
So, we will sit and wait. There was a big conference today about the economy and the future of the country. All the experts were there. What we have to wait and see is if the "experts" can make their thoughts and dreams practical so that something beneficial will happen for the country.
Its Common Sense!
Friday, February 20, 2009
My Congressman on the Stimulus
Here is my Congressman's response as to why he voted for the stimulus.
Dear Mr. Wolfe:
Thank you for contacting our office about H.R. 1, the American Recovery and Reinvestment Act.
H.R. 1 was signed into law by the President on February 17, 2009. It was first passed by the House of Representatives, then sent to the Senate, where it was changed. Both chambers then met in conference to resolve differences between their bills and members were briefed again on the evening before the vote. The final revised bill passed the House by a vote of 246-183 and by the Senate 60-38.
While this bill is not perfect, I voted to support it because Maryland is at a 15-year high for unemployment, with national job losses near the 2 million mark for the last year. I have been contacted by many constituents from our district who are out of work and their families are suffering. We are facing the worst economic crisis since the Great Depression. While I would have preferred if the package was devoted entirely to infrastructure, to create jobs and provide aid to cash-strapped states and cities for schools and roads, bills do not progress without compromise. Doing nothing was not an option.
This bill has been a continuous process for five months. Since the market has crashed, we have been briefed by economists on both sides of the aisle to determine the best way to alleviate our country’s dire financial situation. I take my job very seriously, studied the bill carefully, and concluded that it would be in the best interest of my district, state and country to support it. We must remind ourselves that we are one country working together to take the first step on the road to recovery.
There is some misinformation about the bill which I would like to clarify. A few people have objected to the size of the package and disagree with some of the intended recipients of these federal dollars.
Suggestions have been made that ACORN, a low to medium income advocacy group, will directly receive funds from this stimulus. This is untrue. Most of these stimulus dollars will pass through state and local government agencies and be injected directly into local projects. · Democratic Leaders also removed the bill’s provision that would have allowed states to offer family planning services, including contraceptives, under Medicaid without receiving a federal waiver.
In terms of so-called pork barrel spending, Republicans objected to stimulus dollars for revitalization of the National Mall. President Obama and Democratic Leaders agreed to delete $200 million for this project, even though Mall repairs and maintenance have been neglected for years while it is heavily used for demonstrations and events.
Ultimately, the bill provides a total of $787 billion in spending and tax cuts, with more than a third of the total ($300 billion) for individuals and businesses. H.R. 1 also provides a payroll tax credit of $400 for individuals and $800 for married couples, which translates into a larger paycheck.
I understand you may disagree with me and I appreciate you taking the time to share your concerns. It will take years to recover from this unprecedented economic storm, and I believe H.R. 1 will prove a better alternative than inaction.
Sincerely,
C.A. Dutch RuppersbergerMember of Congress
Dear Mr. Wolfe:
Thank you for contacting our office about H.R. 1, the American Recovery and Reinvestment Act.
H.R. 1 was signed into law by the President on February 17, 2009. It was first passed by the House of Representatives, then sent to the Senate, where it was changed. Both chambers then met in conference to resolve differences between their bills and members were briefed again on the evening before the vote. The final revised bill passed the House by a vote of 246-183 and by the Senate 60-38.
While this bill is not perfect, I voted to support it because Maryland is at a 15-year high for unemployment, with national job losses near the 2 million mark for the last year. I have been contacted by many constituents from our district who are out of work and their families are suffering. We are facing the worst economic crisis since the Great Depression. While I would have preferred if the package was devoted entirely to infrastructure, to create jobs and provide aid to cash-strapped states and cities for schools and roads, bills do not progress without compromise. Doing nothing was not an option.
This bill has been a continuous process for five months. Since the market has crashed, we have been briefed by economists on both sides of the aisle to determine the best way to alleviate our country’s dire financial situation. I take my job very seriously, studied the bill carefully, and concluded that it would be in the best interest of my district, state and country to support it. We must remind ourselves that we are one country working together to take the first step on the road to recovery.
There is some misinformation about the bill which I would like to clarify. A few people have objected to the size of the package and disagree with some of the intended recipients of these federal dollars.
Suggestions have been made that ACORN, a low to medium income advocacy group, will directly receive funds from this stimulus. This is untrue. Most of these stimulus dollars will pass through state and local government agencies and be injected directly into local projects. · Democratic Leaders also removed the bill’s provision that would have allowed states to offer family planning services, including contraceptives, under Medicaid without receiving a federal waiver.
In terms of so-called pork barrel spending, Republicans objected to stimulus dollars for revitalization of the National Mall. President Obama and Democratic Leaders agreed to delete $200 million for this project, even though Mall repairs and maintenance have been neglected for years while it is heavily used for demonstrations and events.
Ultimately, the bill provides a total of $787 billion in spending and tax cuts, with more than a third of the total ($300 billion) for individuals and businesses. H.R. 1 also provides a payroll tax credit of $400 for individuals and $800 for married couples, which translates into a larger paycheck.
I understand you may disagree with me and I appreciate you taking the time to share your concerns. It will take years to recover from this unprecedented economic storm, and I believe H.R. 1 will prove a better alternative than inaction.
Sincerely,
C.A. Dutch RuppersbergerMember of Congress
Wednesday, February 18, 2009
Homeowner Bailout?
President Obama is putting up $75 billion to try and save four to seven million families from having their homes foreclosed. Fine, I don't want to see folks thrown out on the streets. But I do want to know just what the rules are going to be.
The home market crisis occurred because lenders and realtors got carried away and assured people they could handle mortgages out of their range. Also, lending institutions and realtors drove up the market, creating an unrealistic price ceiling, that has come crashing down.
What I want to know is what is going to happen to the lending institutions and realtors who lied and manipulated the public to make a big profit? Are these people going to be held accountable for the crimes they committed?
Are home buyers going to be forced to take a class about the reality of the economic situation before being allowed to buy a house? Things like using your base salary - no overtime or bonus, etc - to see what your actual monthly income is and what one third is, which should be the maximum amount of monthly income devoted to a mortgage.
We got into this crisis due to greedy and stupid people. We are now being mandated - no one asked me if I wanted my tax dollars going to mismanaged lending institutions and families who did not take the time to do the math - to save these foreclosures at our expense. Fine. But I want guarantees that in the future the government will have a plan in place to insure that this kind of greed and stupidity never destroy the housing market again.
Its Common Sense!
The home market crisis occurred because lenders and realtors got carried away and assured people they could handle mortgages out of their range. Also, lending institutions and realtors drove up the market, creating an unrealistic price ceiling, that has come crashing down.
What I want to know is what is going to happen to the lending institutions and realtors who lied and manipulated the public to make a big profit? Are these people going to be held accountable for the crimes they committed?
Are home buyers going to be forced to take a class about the reality of the economic situation before being allowed to buy a house? Things like using your base salary - no overtime or bonus, etc - to see what your actual monthly income is and what one third is, which should be the maximum amount of monthly income devoted to a mortgage.
We got into this crisis due to greedy and stupid people. We are now being mandated - no one asked me if I wanted my tax dollars going to mismanaged lending institutions and families who did not take the time to do the math - to save these foreclosures at our expense. Fine. But I want guarantees that in the future the government will have a plan in place to insure that this kind of greed and stupidity never destroy the housing market again.
Its Common Sense!
Wednesday, February 11, 2009
Can the senate & House Deal?
The Senate has worked out a deal that evidently the majority are happy with, even the Republicans. Now of course the House has to decide what they think. Pelosi was absent when Harry Reid made the announcement - not a good sign.
The Senate has brought the stimulus package down to a little below $800 billion. Since the House's original package was in $820's there will probably be some discussion. It will be interesting to see if Pelosi will push it to simply partisan politics - the Democrats have the votes so the hell with the Republicans - or if she will put the best interests of the country in the fore front.
An interesting development is that Caterpillar has stated they may hold off on some of their layoffs if the money becomes available quickly. Could there be other companies willing to follow suit?
How much compromise is needed for a package on Obama's desk for a signature? Now much pride will interfere with getting things done? How mature are our lawmakers?
We will watch as things develop and pray that all of the Capital Hill gang will put America first and their own interests second.
Its Common Sense!
The Senate has brought the stimulus package down to a little below $800 billion. Since the House's original package was in $820's there will probably be some discussion. It will be interesting to see if Pelosi will push it to simply partisan politics - the Democrats have the votes so the hell with the Republicans - or if she will put the best interests of the country in the fore front.
An interesting development is that Caterpillar has stated they may hold off on some of their layoffs if the money becomes available quickly. Could there be other companies willing to follow suit?
How much compromise is needed for a package on Obama's desk for a signature? Now much pride will interfere with getting things done? How mature are our lawmakers?
We will watch as things develop and pray that all of the Capital Hill gang will put America first and their own interests second.
Its Common Sense!
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