Tracking the next pandemic: Avian Flu Talk |
United States News etc.... |
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The problem with tax credit is the assumption that people are employed. A tax credit is worthless to someone with no income. We have had companies who offered ludicrous tax credits if only put in $20-40 million in hiring people, building factories, and remaking the economic terrain of a whole area.
The job market is moving out of the U.S. It will be focused on a hot bed of employment in South East Asia, India, and Taiwan, especially China. Since this is such an important topic I am starting thread.. elsewise it will be buried in a mass of pro-Obama impractical ideas and plans. There must be contrapoint.. and I am hearing just as I saw in Time magazine.. Obamamania - so... read the other side.. there is one.. Medclinician |
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posted above...
"Those proposals [to raise taxes on the wealthy] were put together more than a year ago
and we live in a different world right now," s
ays Gale. "We can't do everything all at once so the president will have to decide what his priorities are and initially at least that has to be the economy and the financial problems we're facing."
...............................................................................................................
A different world...
excuse me?... a different word would be...the wealthy are now poor and the poor are now wealthy... in which case there would be no need to heavily tax the wealthy.
or does different world mean...
now that we are in office and actually rubbing elbows with the wealthy...it's a different world.
.........
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with millions of people out of work ...foreclosed homes and hurting...it seems a bit much to kick up ones heels and dance at 10 balls...but then we could all use an excuse (Inauguration) to have fun and this brings a lot of jobs and income to people who need it...(and you couldn't pay me to travel around and live in hotels for a year.) The world will enjoy watching...
source...
Stimulus Package Unveiled$825 Billion Plan Includes Business Tax Breaks; Senate Releases Cash for Bank Rescues
WASHINGTON -- House Democrats Thursday rolled out the details of an $825 billion economic stimulus package to combat what they called "a crisis not seen since the Great Depression," but its immediate economic impact is unclear and the plan faces hurdles before becoming law. Details of the two-year package, which calls for $550 billion in new spending and $275 billion in tax relief, will likely change as the bill works its way through Congress. But the document provides the first blueprint of how President-elect Barack Obama and congressional Democrats plan to fight the historic economic downturn, which has already wiped out 2.6 million jobs. Businesses would get "bonus" depreciation for investing in new plants and equipment. The proposal also allows companies that have losses this year to get refunds for taxes paid as far back as 2003; current tax rules allow losses to be carried back only two years. But companies receiving money from the financial-system bailout program are ineligible for the tax provision, a blow for some of the nation's big banks and troubled auto makers General Motors Corp. and Chrysler LLC. The stimulus plan was released hours before the Senate backed Mr. Obama on another key measure by approving the Treasury's call for the release of the second half of the $700 billion financial-system rescue package. That program is being replenished as Bank of America Corp. was near an agreement with U.S. officials that would provide it with $15 billion to $20 billion of fresh capital. The Stimulus Plan
The plan would be one of the largest single government expenditures in U.S. history, and would be equivalent to about 3% of gross domestic product over two years. The proposal is $125 billion bigger than the controversial bailout for the financial-services industry. It outweighs in dollar terms all other nations' stimulus plans, though China's $600 billion stimulus is a larger share of its economy.Democrats said they emphasized government spending over tax relief because that was the best and fastest way to create jobs. Rep. David Obey (D., Wis.), chairman of the House Appropriations Committee, warned that the package may be insufficient -- and said another spending bill may be needed later this year. Some of the biggest expenditures will go directly to the states, with $90 billion going to increase the federal share of Medicaid payments and an additional $79 billion to help states avoid cutbacks in education and other services. Separately, $43 billion will go for transportation improvements -- less than many expected, to the frustration of some Democrats. The plan also includes Mr. Obama's "Making Work Pay" tax credit of $500 per worker and $1,000 for couples. Economists say the stimulus may be more effective at supporting an ultimate recovery than arresting the current decline. That's because few elements of the package would hit the economy before the second half of the year, with the largest boost coming in late 2009 and into 2010. A key element identified by President-elect Obama has been to spend money improving the efficiency of the federal government. By then the U.S. is expected to show slow growth, as a result of other stimulus from the Federal Reserve and Treasury. The unemployment rate, which hit 7.2% in December, is widely expected to hit 8% by the end of the year -- but without any stimulus, some economists fear it could rise into double digits. Macroeconomic Advisers, a forecasting firm, estimated Thursday that a plan of $775 billion stimulus over two years would boost GDP by 3.2%, reduce the unemployment rate by 1.7 percentage points and raise employment by 3.3 million jobs. The Democrats' plan provides incentives for businesses to make capital expenditures. The "bonus" depreciation provision, for example, would provide immediate relief for businesses that invest in new plants and equipment by speeding up depreciation deductions. The package doubles the amount small businesses can immediately write off for capital investments and for purchasing new equipment and includes incentives for businesses to invest in renewable energy. The transportation and energy projects in the package could have among the slowest impact on the economy, economists said. Even "shovel-ready" projects could be delayed as local and state governments allocate funds, receive bids and award contracts. The quickest effect, in contrast, could come from tax cuts, particularly if the government reduces payroll taxes immediately to get funds to taxpayers. That could raise spending and get money flowing through the economy quickly, even if some of the funds are likely to be saved rather than spent.
Highlights of Economic Recovery PlanSpending
TaxesIndividuals:
Businesses:
Source: Associated Press The plan's final shape will depend not only on horse-trading among lawmakers in the House and Senate, but also on the outcome of the lobbying frenzy now under way. Already some winners and losers are emerging. Among the potential losers are big banks and other businesses that have received government money under the Troubled Asset Relief Program, the $700 billion program designed to bail out the financial-services industry.Companies that took TARP funds are excluded from the provision allowing companies to apply current losses to tax returns filed in the past five years, instead of the current two. "To exclude TARP recipients is to ignore a large segment of the economy," said Scott Talbott, senior vice president for government affairs at the Financial Services Roundtable. Renewable energy producers also stand to be big winners in the bill, winning an extension of production tax credits that are newly convertible into cash for companies whose losses leave them unable to use the credits. Power-equipment maker General Electric Co. lobbied for a slew of provisions in the bill and won several, including the production tax credit for renewables, $32 billion for a "smart" U.S. electrical grid for which it manufactures most components; and $300 million for rebates for consumers who buy energy efficient appliances, which GE sells. Some green advocates didn't fare so well. The Natural Resources Defense Council had compiled a list of more than 80 environmentally friendly infrastructure and transportation projects worth about $405 billion, more than half the bill's total. The group -- a coalition with 1.2 million members -- says it is concerned about the relatively small number of these projects included. The discord over the transportation piece of the plan is just one of many political obstacles the plan faces, despite the urgent desire of Mr. Obama and congressional Democrats to pass it by mid-February. Republicans wasted little time pointing out items they said in no way qualified as emergency stimulus spending, such as $650 million to help television viewers convert from analog to digital. House Minority Leader John Boehner (R., Ohio) took a swipe at several items, including $400 million the plan sets aside for "national treasures," including repairs of the walls of the Tidal Basin near the Jefferson Memorial. "What we're seeing is disappointing," said Mr. Boehner. The package, he said, "appears to be grounded in the flawed notion that we can simply borrow and spend our way back to prosperity." But the costly initiative also may split Democrats. Many newer Democratic members of Congress hail from conservative areas and are deeply concerned about fiscal discipline. Recognizing the political pitfalls, Democrats announced an unusual series of spending safeguards for the plan. Governors and mayors will have to personally certify that every expenditure under their jurisdiction is appropriate. Program managers will be listed online so the public can hold them accountable. A special board will monitor the plan's operation. —Greg Hitt and Christopher Conkey contributed to this article.Write to Naftali Bendavid at naftali.bendavid@wsj.com, Elizabeth Williamson at elizabeth.williamson@wsj.com and Sudeep Reddy at sudeep.reddy@wsj.com Printed in The Wall Street Journal, page A1 .............................................................
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(See Islam In North America)
Ingrid Mattson
.......................... Jan 18, 2009 7:05 | Updated Jan 18, 2009 7:06 Obama prayer leader linked to Hamas
By ASSOCIATED PRESS
WASHINGTON excerpt- A Muslim scholar chosen to speak at President-elect Barack Obama's inaugural prayer service Wednesday
is the leader of a group that federal prosecutors say has ties to terrorists. Ingrid Mattson, president of the Islamic Society of North America, is one of many religious leaders scheduled to speak at the prayer service at Washington's National Cathedral. article here- http://www.jpost.com/servlet/Satellite?cid=1232100172280&pagename=JPost%2FJPArticle%2FShowFull ........
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AARP
............
What Will Our Parents Say?
..................................................
Don't Even THINK of Touching Our SO. Security
.........................................................................................
excerpt-
Pelosi and Obama appear to be on the same page when it comes to entitlements such as Social Security and Medicare. Obama announced last week that he would convene a "fiscal responsibility summit" in February to focus on long-term problems with the economy and the skyrocketing costs of benefit programs such as Social Security and Medicare.
"I support what he wants to do, to have a summit of that kind," Pelosi said Sunday. "We will have our own initiatives in the Congress to work with him on that." article here
Speaker Pelosi Differs From Obama on Taxes, Probes
........................
So What's The Game Plan?
Obama is going to allow Seniors ..no income tax?
And then make the use that money to pay Their own
Health Care Premiums?
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http://www.ajc.com/services/content/printedition/2009/01/18/inaugfashion0118.htmlINAUGURATION 2009: Pageantry and partiesCelebrations: Inauguration Dayevening means balls, parties and stars everywhere. The fashion world (and the world in general) has been atwitter about what sort of gown Michelle Obama will wear to the balls she attends. It is, after all, a first lady’s first official time to shine. |
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Obama hosting pricey party in a dicey economy
By MATT APUZZO, Associated Press Writer
Sat Jan 17, 1:23 pm ET WASHINGTON – Unemployment is up. The stock market is down. Let's party.
excerpt-
The price tag for President-elect Barack Obama's inauguration gala is expected to break records, with some estimates reaching as high as $150 million. Despite the bleak economy, however, Democrats who called on President George W. Bush to be frugal four years ago are issuing no such demands now that an inaugural weekend of rock concerts and star-studded parties has begun. continued here
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Obama Team Pushes to Complete Financial Rescue Plan (Update2)
By Rich Miller and Robert Schmidt excerpt-Jan. 21 (Bloomberg) -- President Barack Obama's economic team is pushing to complete a bank-rescue plan that can be twinned with the $825 billion stimulus package being
negotiated with Congress to alleviate the rapidly deepening financial crisis.
article here
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US stimulus should include private investment-groupWed Jan 21, 2009 3:23pm EST
CHICAGO, Jan 21 (Reuters) - Combining private investment in U.S. infrastructure with federal stimulus money will increase job generation and help state and local governments in their struggle to balance budgets, a group of bankers and lawyers said on Wednesday.
article here http://www.reuters.com/article/marketsNews/idINN2136120020090121?rpc=44 |
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Gimme
Valued Member Joined: March 19 2006 Location: United States Status: Offline Points: 428 |
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DAMN I THOUGHT THIS WAS AN AVIANFLUTALK BB NOT A BB FOR NEGATIVITY TOWARDS A NEW ADMINISTRATION.
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jacksdad
Executive Admin Joined: September 08 2007 Location: San Diego Status: Offline Points: 47251 |
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Did the title of this thread just change?
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"Buy it cheap. Stack it deep"
"Any community that fails to prepare, with the expectation that the federal government will come to the rescue, will be tragically wrong." Michael Leavitt, HHS Secretary. |
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.
Divided US House to hand Obama stimulus win
................................................................................................................................. 2 hours ago WASHINGTON (AFP) - US lawmakers were to hand Barack Obama the first major win of his week-old presidency
on Wednesday, overriding chiefly Republican objections to pass an 825-billion-dollar economic stimulus plan.
The US House of Representatives was expected to approve the package, a centerpiece of Obama's efforts to
resurrect lost US jobs and kickstart stalled US growth, in the late afternoon or early evening largely along party lines.
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NOW (PBS)
Transcript: Bill Moyers Interviews Kevin Phillips
......................................................................................................................................
BILL MOYERS: With me now is a man who has been tracking the political and economic
history of American wealth for a long time. Kevin Phillips and I were both young men in
Washington in the 60s.
here
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Climate | 28.01.2009
EU Welcomes Obama's Vow to Lead on Fighting Climate Change
welcomed by the European Union presidency on Tuesday, Jan. 27, as the EU prepared to
unveil its own environmental action plan.
"Europe has gained a strong partner," said Czech Environment Minister Martin Bursik, whose country holds the EU's rotating presidency. "Barack Obama is quickly implementing
what he has promised. He acts efficiently," he added.
article here- .....................................
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WHICH WAY USA?
..............................
In NOVEMBER 2008>>
U.S. Rejects Russian Proposal for Scrapping Missile Defense Plans
Thursday, November 13, 2008 | FoxNews.com
TALLINN, Estonia -
U.S. Defense Secretary Robert Gates has rejected a Russian suggestion that both
countries scrap plans to place missile systems in Eastern Europe.
Obama Administration>>
Mr Putin said on Monday that he was "cautiously optimistic" about the potential for
improved relations with the US because the Obama Administration had shown a
willingness to reconsider the missile shield.
From Times Online
January 28, 2009
Russia 'stops missile deployment in Europe because of Obama'article here-
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.
Iraq won't allow Blackwater to operate in country
Associated Press writer Sinan Salaheddin,
39 mins ago AP BAGHDAD – Iraq will not allow Blackwater Worldwide to continue providing security protection for
U.S. diplomats in the country, Iraqi and U.S. officials said Thursday, a move that would deprive U.S.
officials of their primary protection force.
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.
1/29/ 09
Wall Street Journal This Morning ....................................................... |
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02/06/09 Podcast: The Wall Street Journal This Morning for 2/6/09
2-6-09--The President goes on the offensive, a lack of a "Car Czar" stalls progress on an auto bailout, and deals appear for shorter vacations. Pres. Obama On The Warpath... |
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Geithner: We're Announcing Bank Plan Monday But We Have No Idea What It Will Be
Posted Feb 06, 2009 05:22pm EST by Henry Blodget in Investing, Recession, Banking
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Market appears about the same as it did on Friday... just waitin for the news...
check your favs...
and also see here ..
AP
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Anybody?
No.1
.........
Obama's choice for commerce secretary withdraws
By Brian Knowlton Published: January 4, 2009 WASHINGTON: Governor Bill Richardson of New Mexico, one of the most prominent Hispanic politicians in the United States and President-elect Barack Obama's choice to be commerce secretary, dropped out of consideration for that post on Sunday.
Richardson attributed his decision to the investigation of a company that has done business with New Mexico.
.........................................................................................................
No. 2
..........
Judd Gregg Withdraws as Commerce Nominee
By JEFF ZELENY
Published: February 12, 2009 WASHINGTON — President Obama’s choice for commerce secretary, Senator Judd Gregg, withdrew his nomination on Thursday, saying there were “irresolvable conflicts” between him and the administration.
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.
What did Alan Greenspan's Genius,
No Regulation Needed, Breed?
..........................................................
US government has accused >
Texas financier Robert Allen Stanford of a massive (8 Billion?) fraud on investors.
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.
I'm over here in chilly NY ("Mom, The snow flakes are as big as golf balls.")
munching on my evening granola. I've decided to watch... yes, another video,
you guys know I don't get cable :)
VIDEO
.............
or
Audio
...........
The Giant Pool Of Money (how the world bought into the craze)
..........................................
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Gates Foundation Loads Up on Blue Chips
.....................................................................
the tickerspy.com Staff
Article here- .................
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.
There are jobs over here... Best Buy moving in...we need 200 more nurses says Hospital.
And
some VIDEOS...
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GM Needs Nearly 5 Billion More To Stay Afloat
..................................................................................
Administration says auto restructuring neededObama administration sees need for fundamental restructuring to address auto industry problemsKen Thomas, Associated Press Writer excerpt-
Obama formed the task force earlier this week after deciding not to appoint an auto czar to supervise the auto companies' restructuring.
article-
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Obama's First Budget Seeks To Trim Deficit
Plan Would Cut War Spending, Increase Taxes on the Wealthy ..........................................................................................................
By Lori Montgomery and Ceci Connolly
President Obama is putting the finishing touches on an ambitious first budget that seeks to cut the federal deficit in half over the next four years, primarily by raising taxes on businesses and the wealthy and by
slashing spending on the wars in Iraq and Afghanistan, administration officials said.
Article here- |
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Interesting info...
http://finance.yahoo.com/tech-ticker/article/192193/Oil-Primed-for-Quick-Climb ...........................
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Iranians in test run of first nuclear power plant ..............................................................................
By NASSER KARIMI, Associated Press Writer 1 hr 20 mins ago BUSHEHR, Iran – Iranian and Russian engineers carried out a test-run of Iran's first Article here- |
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They won't let it rest.... Taitz explained the issue isn't resolved as many Obama supporters claim.
The "Certification of Live Birth" posted on the Internet actually doesn't confirm a birth location. "[Hawaii] statute 138 allows foreign born children of HI residents to get HI [Certificates of Live Birth] and get them based on a statement of one relative only," she said. She also said Hawaiian officials, while they confirmed a birth certificate exists, did not exclude the possibility it was "one obtained for a foreign born child." http://www.worldnetdaily.com/index.php?fa=PAGE.view&pageId=90125 |
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Look what I found in our Media...
Do you see gas prices rising?
Not only that... you will be taxed on your carbon addiction. (who ultimately pays?)
...........................
FEBRUARY 27, 2009, 12:27 A.M. ET
An Inconvenient Tax
Cap and trade yields 'climate revenues.' But don't call it a t--.
excerpt-
...That didn't take long. The same week that President Obama promised (again) that "95% of working families"
would not see their taxes rise by "a single dime," his own budget reveals that taxes will rise for 100% of
everyone for the sake of global warming. Ahem.
You don't even have to burrow into yesterday's budget fine print to discover the "climate revenues" section,
where the White House discloses that it expects $78.7 billion in new tax revenue in 2012 from its cap-and-trade
program. The pot of cash grows to $237 billion through 2014, and at least $646 billion through 2019. If this
isn't tax revenue, what is it? Manna from heaven? The offset from Al Gore's carbon footprint?
full article here-
here's more on who actually pays that ... shhh... TAX
ExxonMobil Throws in the Towel
Posted by: Alan Caruba | 01/12/2009 2:12 PM
excerpt-
...What really concerns Tillerson and ExxonMobil is "Achieving a uniform and predictable cost of carbon across
the economy (that) will enable market mechanism to work effectively to this end." No one likes surprises and
business likes surprises even less than most people. Thus, opting for a carbon tax is the lesser of evils since
everyone will be playing on a level field as opposed to the insane buying and trading of bogus carbon credits.
When you're trying to run a huge corporation like ExxonMobil, one that depends on billions of dollars of high risk
expenditures on exploration and extraction of oil, you want some semblance of stability in the marketplace.
The huge run-up of the cost of a barrel of oil made for short-term profits, but it has been followed by a significant
down-turn in the cost of the same barrel of oil.
Who ultimately pays that carbon tax? Not the corporation. It merely collects the tax from consumers
and passes it along to the government. If you fill up your gas tank, heating your home or business, or use
any of the thousands of products that have an oil derivative, you are paying the tax.
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Obama aides to defend budget plan to Congress ...............................................................................
By STEPHEN OHLEMACHER Associated Press Writer 1 hr 58 mins ago
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.
Good Morning AFT
................................
Check out the Good Ol
Boston Globe
......................
And the morning News... WSJ 3-04-09
Media...Stop whining about AIG... They pay out your grandfathers life insurance
Or annuity payments...the librarian or school teachers 401K and your brothers auto
insurance policy.
From Bernake-
Bernanke on... AIG "exploited a huge gap in regulatory oversight" , operated a hedge fund on top of its core insurance business.
..."It's a terrible situation, but we're not doing this to bail out AIG or their shareholders," Bernanke declared. "We're doing this to
protect our financial system and to avoid a much more severe crisis in our global economy."
.......................................
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03-04-09 News Guys...It's getting Boring... there is no Wide Angle truth telling, just a narrow focus on a few. Hedge Fund...talk about scheming piles... He wants Greenspan and friends to take a hit? (silent media) Hello...it's because we need them... (even though they were headed by greed mongers) ...........
...Bernanke could not, or would not, say: How many more times the government will have to bailout AIG, video |
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Is Obama Right About Stocks? Cost of Credit Key to Rebound, Jeff Matthews Says
Posted Mar 04, 2009 12:51pm EST by Aaron Task It's certainly unusual for a President to make such direct comments about the stock market and only time will tell if Obama proves to be a market sage.
Jeff Matthews, founder of Ram Partners and author of Pilgrimage to Warren Buffett's Omaha, isn't so much concerned about whether the broader market is heading, but his fund is net long and "looking to buy" stocks right now vs. looking to short. article here-.......
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Video on Health Care Reform,
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Relax....
The Housing Glut Will Not Last
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The millions of Boomers... had Children...
That larger group of Boomer's children are 20 t0 35 years plus ...they will buy them.
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I thought I heard him say.....
No More
Golf carts, green cars exempt from pork ban?
Obama's promise to 'change' allows $7.7 billion in earmarks Posted: March 06, 2009
12:15 am Eastern By Chelsea Schilling excerpt-
White House aides have said Obama will sign a $410 billion omnibus bill for 2009. More than 9,000 earmarks in the spending bill total an estimated $7.7 billion. Sen. John McCain, R-Ariz., has listed many pork projects on his Twitter page, including the following:
Even though Congress crafted the bill after Obama's election, the administration claims the added pork is just "unfinished business" from last year. The White House website states, "Obama and Biden will slash earmarks to no greater than 1994 levels and ensure all spending decisions are open to the public." However, watchdog group Taxpayers for Common Sense reports that the omnibus pork alone already totals $7.7 billion – just less than the total of $7.8 billion in earmarks in 1994 – and the figure does not include $6.6 billion in earmarks contained in three previous spending bills Congress passed amid the bailout crisis last year. During his three years in the Senate, Obama requested more than $860 million in earmarks. While they campaigned for president, neither Obama nor McCain asked for pet project funds. White House Chief of Staff Rahm Emanuel has 16 earmarks – worth approximately $8.5 million – in the bill. Both Republicans and Democrats contributed to the list of pet projects. According to the Taxpayers for Common Sense, the following are the 10 largest Senate co-sponsors of the 2009 omnibus pork:
Full Article Here- ........................
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March 7, 2009
Listen to
NPR
All Things Considered
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IBM develops 3D patient record software
Tue Mar 10, 2009 3:18pm EDT
By Kim McLaughlin COPENHAGEN (Reuters) - Physicians at Thy-Mors hospital in Denmark and IBM have
developed patient record software that uses a three-dimensional computer model of the
human anatomy to visualize a patient's medical information.
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