The Republicans and their water carrying blustering blowhards in the conventional wisdom alternative universe bubble have been frantically working 24/7 to fabricate the perception that the federal stimulus program is not working.
Those Americans who reside outside the Republican and conventional "wisdom" bubble, i.e. Joe, Jose, Jane, Yolanda, Chen, Hui, Omar and Laqueesha (to name a handful) have a far different view of the federal stimulus program.
It seems that Republicans and the Party's blowhards ignored the recently released Congressional Budget Office report. Or perhaps the Republicans and its tools did not like what they read. Yikes, this stimulus can't work or we are dead. Change the message! If the government works we lose! No matter what, kill off any good news about the stimulus program! Who cares what happens to the average Jane and Joe Americans? WTF are they?! This is all about us and our ability to stockpile as much money for ourselves as we can! Heaven help us! Change the bleeping bleepity bleep message! Jeeze oh Pete - gin up a freaking war if need be!
The nonpartisan Congressional Budget Office said the $787 billion stimulus package approved in February lowered the nation's unemployment rate by between 0.3 and 0.9 percentage points while boosting the economy by between 1.2 percent and 3.2 percent. The analysis also found that three-quarters of the money provided in the stimulus had yet to be funneled into the economy by the end of September.
The report is a boost for the administration, which faced renewed questions last month over how many jobs the stimulus has produced after the Government Accountability Office said it found "significant" problems with the White House's tally. The administration has estimated the stimulus created or saved 640,329 jobs through October.
The report released yesterday "leaves no doubt that the economy would be in much worse shape if the recovery act had not been implemented," said House Education and Labor Committee Chairman George Miller, a California Democrat. "As the Obama administration and Congress continue to explore additional strategies to create jobs and build a foundation for long-term economic growth, it is critical to acknowledge the progress that has already been made."
For the past few days I have been reading about Texas House Speaker Tom Craddick's fall in the Houston Chronicle and here at BOR. The Burnt Orange Report, by the way, has provided excellent moment-by-moment coverage of this fascinating drama. Huge kudos to the outstanding diarists here. The Craddick/Straus issue including BOR's coverage was front page news on Daily Kos on Monday.
Yesterday morning the Houston Chronicle's Lisa Falkenberg wrote an excellent and very revealing commentary on how Houston would benefit from a House Speaker who is from a large urban area.
After reading the article this life-long urban dweller and native of NYC who has lived in Houston for over 20 years, finally understands why I have been so frustrated by how our Austin lawmakers operate. Falkenberg's article nailed it for me. Texas has been run by a bunch of country boys who are more concerned about boll weevil eradication and transporting hogs to markets than they are a big city's crammed prisons, crumbling inner city schools, over-extended hospitals, torn up roads and gridlocked freeways.
According to a diary written by blogger Jerome รก Paris on Daily Kos
today that includes data provided by the Sierra Club, John McBush has told more than a few tall ones on his voting record on energy bills. In a recent interview Walter Issacson asked John McCain to respond to Thomas Friedman's charge that the Senator did not support an extension of tax cuts for wind and solar energy companies.
WALTER ISAACSON: [...] Tom Friedman's column mentioned that you haven't been there supporting the tax breaks that need to be extended for wind and solar. Do you support those breaks, and will you keep pushing for--will you push for it at some point?
JOHN MCCAIN: Yes, and I have, and I have a long record of that support of alternate energy. [...] I've always been for all of those and I have not missed any crucial vote. But my citizens in Arizona know that when I'm running for the President of the United States I have to be out campaigning. But I of course I am for renewable energy.
