Wednesday, July 8, 2009

Vice President Biden,A Closed Mouth Gathers No Feet !

Our motor mouth loose tongue Vice President Biden decided to criticize his Administration's haphazard economic stimulus package when President Obama was sitting down with the leaders of the Russian Federation,which gives an appearance that "Old Joe" is not a team player,and undermining Obama.

I said all along that I didn't think the Stimulus package was big enough nor did it have enough meat&potatoes for real job creation and development. President Obama permitted the Republicans and few turn coat Democrats to co-opt his original economic stimulus package which was far greater than the Stimulus bill that was finally passed. The monitoring of the federal Stimulus funds to the states has been a joke with no semblance of compliance on the part of the Biden team on how the various state governments are spending those Stimulus funds. Vice President Biden needs fifty compliance teams one for each state that monitors each and every penny that each state receives and any Governor or State official found redirecting Stimulus funds to a State pet project or using those funds to balance their state budgets should be prosecuted to the fullest extent of the law. Take the one case in the Smoky Mountains ofTennessee where illegal Hispanic immigrants where hired for highway work with Federal Stimulus funds where hundreds of Black&White American citizens were readily available and willing to work.Why is it taking so long for the Federal Stimulus funds to reach the states.Mr. Biden ? With an unemployment rate of now 9.5% and the release of only 11 % of the Federal Stimulus funds our economy is on the verge of a limited depression which already exists in many rural communities and urban cities throughout the United States of America.
.What is vitally needed is a payroll tax Holiday reduction for all working Americans and a reduction in the Federal income tax and a cut in the corporate business tax all of which would stimulate economic growth and job creation for small businesses.
The American people should have received far bigger tax-cuts and that one time payment of $250.00 dollars to seniors was a disgrace and insult.

Everyone in America that has some degree of intelligence knew how deep the systemic problems were with the U.S.and world economy except all the Presidents economic advisers,who mostly are misfits from Harvard(Sumers,Geithner)etc. and Yale.
President Obama should surround himself with some highly talented economic scholars from the University of Virginia, Duke and Stanford who in fact would do a far better job than that Ivy League Gang.

It would have been more plausible to give each adult American $150,000.00 dollars and that action would have stimulated more spending benefiting business and immediate job growth. But the Obama administration led by the cantankerous Timothy Geithner decided that their buddies on Wall Street(Banks and other Financial Institutions) were more deserving of government largess in the form of bail out money for mismanaging their respective Institutions.
The next tax-payer revolt may have more (representation) other than Joe& SuzieSixpack.

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