POSTED: Friday, September 9, 2011 - 10:45pm
UPDATED: Monday, September 12, 2011 - 8:24pm
tyler — A lot of back and forth about the president's speech last night.
Troubling for me was when he introduces a jobs bill with no specifications. Just pass the bill and we'll get into what's in it two weeks from now.
Does this remind you of the health care bill at all?
You have to pass it to see what's in it.
Its like me going to a men's clothing store to get a blue suit.
"Sir, I'd like a blue suit." Clerk: "Yes, that'll be 500 dollars."
Me: "I'd like to look at it and try it on."
Clerk: "It will be fine in two weeks, will that be cash or card?"
C'mon, this is more stimulus, but stimulus is a dirty word like global warming went out of style.
This is reinvestment. All the stuff we paid for before, all the green jobs kaput.
Where is that money?
Also, this president wants 400 billion dollars for this?
Government always overruns.
Just double that.
But, here is the dirty little secret. No Republican House is going to vote for this.
And the president knows it. He knew it when he was working hard on this plan at Martha's Vineyard.
The Republicans are going to shoot it down and the video from last nights campaign speech, or TV show, or whatever it was, will be used for the general election coming up in a year.
All this was, was a political show with the capitol as a backdrop.
How did the market like the speech?
Today it tanked.
In the meantime, you see this?
The U.S. Senate defeated an attempt by Republicans to slow down a $500 billion increase in the federal government's borrowing limit in a vote that means the borrowing limit is immediately hiked to $15.19 trillion.
Keep your eye on this bunch.
That's my point of view, what's yours?
You can email me at email@example.com