Richard Shelby wants Senate to filibuster stimulus bill

Richard Shelby wants Senate to filibuster stimulus bill

Jay Hare/jayharephoto.blogspot.com

U.S. Sen. Richard Shelby, R-Tuscaloosa speaks to a group about matters facing the nation during a breakfast at Wiregrass Rehab on Monday morning.

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U.S. Sen. Richard Shelby, R-Ala., said Monday that the Senate should be spending most of its time working on solving the credit crunch instead of passing a hastily-written stimulus bill he believes will not stimulate the economy.

Shelby said the key to getting out of the economic recession is finding a way to make banks feel more comfortable lending to each other again, and that as many as 100 additional banks could fail before things turn around.

“There are some good things in the stimulus bill,” Shelby said Monday during a county meeting at the Wiregrass Rehabilitation Center in Dothan. “But it’s not going to turn the economy around. If banks aren’t lending, then there is no job growth.”

Shelby said he is prepared to filibuster the proposed economic stimulus bill, but fears enough Republicans will side with Senate Democrats to override any attempt to block the bill’s passage.

The Senate is expected to debate a proposed $900 billion stimulus bill this week. A similar measure passed the House last week. Shelby said the plan will not provide the quick boost the economy needs, and would like to see the bill “shelved.”

“Are we prepared to filibuster? Hope so,” Shelby said. “But I’m afraid we may have two or three (Republicans) that might jump ship.”

Democrats control 58 seats in the Senate. Sixty votes are needed to end a filibuster.

Shelby is the ranking member of the Senate Banking Committee. He said he would like to see Congress and the White House explore a government-run “bad bank” that would take most of the banks’ toxic assets off the books and aggregate them into a single place.

“I think we should explore the idea,” Shelby said. “It might work, but I have to see the details. But that has to be our priority. How do we straighten up the financial institutions?”

Shelby said he has been a vocal opponent of government intervention into the private market, but said the magnitude of the financial crisis calls for the government to act.

“How did we get here? Money was cheap. Money was available. All you had to do to get it was show up. Maybe you didn’t even have to show up. I think it was just too easy.

“I feel like we have to restructure our whole regulatory system,” Shelby said.

Shelby also criticized President George W. Bush for supporting the Troubled Asset Relief Program (TARP) — a $700 billion program designed to provide relief to banks and other financial institutions — without adequate oversight.

“(Bush) listened to (Treasury Secretary Henry) Paulson, who came out of Wall Street, who came out of Goldman Sachs,” Shelby said.

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Flag Comment Posted by blg on February 03, 2009 at 12:00 pm

Senator Shelby is as crooked as they come.  Please do research before you stand up for a man that hasn’t done much good.  For example…

* From 96-06 he has given $50 million of taxpayer’s money to COLSA Corp. (space & missile defense co.).  COLSA’s owner, Collazo, has contributed over $400,000 to Shelby’s campaigns and in 1996 Collazo hired one of Shelby’s aides as his lobbyist.

*His cash on hand now for his 2010 re-election is $13.2 million.  His top 5 contributors: CITIGROUP, Pricewaterhouse Coopers, JP Morgan Chase, Southern Co, and CELLAZO ENTERPRISES! (see above)

*in 2004 there was a federal investigation that concluded that Shelby revealed classified information on 06/19/02 to Fox News.  This info had to do with Osama bin Laden.

*he conveniently switched to Republican party in 1994, one day after the Republicans won control of both houses in mid term elections.

*Shelby was the leader of Republican Senators who blocked the Darfur Divestment Bill.

*Since 03, he has chaired the Senate committee on Banking, Housing & Urban Affairs even though he makes $100,000 - $1 million per year from a mortgage title insurance company he founded in the 70s. He maintains there is no conflict of interest.

Alabamaians have to wake up.  We have had the same leaders for years and nothing has gotten any better.  Shelby says that he fights for us, but after doing some research and talking to others…all he does is look out for campaign dollars so he can get re-elected each cycle.

Flag Comment Posted by rmk45 on February 03, 2009 at 9:47 am

Sen. Shelby is one of the few that brings some common sense to the table where these “bailout” plans are concerned. However, he cannot stop this insanity by himself, nor can he speak for Christian Conservatives all over the nation.

When the government keep adding zeroes to the figures that are bantered around, it makes it much more difficult to hold anyone accountable for any particular portion of the money. That’s what government does. They get us lost in the jungle of huge numbers while they steal what they want.

If we, as a nation, don’t take back control of our country, we will all be slaves in a very short time. When the people fear the government, you have fascism. When they take away all of our guns and money, we will have to fear them. When the people control the government, you have a republic. That’s what we have had, but not for long unless we wake up.

Our current government is doing the same things that Roosevelt did when he inherited Hoover’s depression. If you don’t know the outcome, look it up. He extended the depression and made things worse. Now Obama thinks he can do the same things and get different results. Don’t let him pull the wool over our eyes. He’s going to kill us economically. Call your Congressmen NOW!

Flag Comment Posted by 123bok on February 02, 2009 at 5:03 pm

This is a case of robbing Peter to pay Paul. The sad thing is that more spending isn’t the answer. Its the same thing that applies in a household. The man that makes 50k a year can most certainly live like the man that makes 100k if he spends and invests wisely. I know our family does, but now without a lot of though, patience, and using our resources the best way we can. So, why is our government buying 500k china for the White House? Granted, it may not be our tax dollars that paid for it, but still was it needed?
And it looks like government is about to fork out trillions on education. I won’t get started too deeply on this one, but our government should not completely control OUR children’s educations. What a great way to dumb down the population, make them a government dependent country, and slaves to society. It doesn’t take a Harvard education to run things good nor does it take trillions of dollars to educate a child.

Flag Comment Posted by Joshua on February 02, 2009 at 2:44 pm

Yes, thankfully the Mall item was removed.  The question remains, why was it there in the first place?  And what other ridiculous pork barrel items, whether initiated by Republicans or Democrats (does it really matter) are still present in the bill?

This is beyond political parties.  We are talking about nearly a trillion dollars.  And just looking at the list, a lot of money will not be stimulating the economy.

Flag Comment Posted by DaisyB on February 02, 2009 at 1:58 pm

Toobad, it is “too bad” that you just like to hear yourself talk.  It was not necessary to act like an a—by your smug closing remarks to Michael.  Toobad, we can all read the bill without your cutesy, witty(?) remarks in parenthesis.  That is why books and the internet are a wealth of information, so we won’t have to be subjected to your smug, “Darn, I’m smart” remarks while presenting your case.  By the way, the National Mall part of the bill was removed, smart—-.

Flag Comment Posted by Toobad on February 02, 2009 at 1:35 pm

Michael,

I would rather believe the economists from UCLA that studied this than David Sirota who can’t write an objectionable piece if his life depended on it.

He didn’t cite any study, he just cited Federal Reserve chairman Ben Bernanke who most likely we will look back at one day to see that he was one of the main culprits of this economic meltdown.

It’s funny that he also mentions Milton Friedman and takes his quote out of context.  Is that how you Democrats do it?  Take the truth, cut it, twist it, and make up what you want it to say?

He is best known among scholars for his theoretical and empirical research, especially consumption analysis, monetary history and theory, and for his demonstration of the complexity of stabilization policy.[1]

A global public followed his restatement of a political philosophy that insisted on minimizing the role of government in favor of the private sector. As a leader of the Chicago School of economics, based at the University of Chicago, he had a widespread influence in shaping the research agenda of the entire profession.

Originally a Keynesian supporter of the New Deal and advocate of high taxes, in the 1950s his reinterpretation of the Keynesian consumption function challenged the basic Keynesian model.

In the 1960s he promoted an alternative macroeconomic policy called monetarism. He theorized there existed a “natural rate of unemployment” and he argued the central government could not micromanage the economy because people would realize what the government was doing and shift their behavior to neutralize the impact of policies.

He rejected the Phillips Curve and predicted that Keynesian policies then in place would cause “stagflation” (high inflation and low growth).[3] Though opposed to the existence of the Federal Reserve, Friedman argued that, given that it does exist, a steady expansion of the money supply was the only wise policy, and he warned against efforts by a treasury or central bank to do otherwise.
Influenced by his close friend George Stigler, Friedman opposed government regulation of all sorts. He once stated that his role in eliminating U.S. conscription was his proudest accomplishment, and his support for school choice led him to found The Friedman Foundation for Educational Choice.

This part is for you Michael:

Friedman’s political philosophy, which he considered classically liberal and libertarian, stressed the advantages of the marketplace and the disadvantages of government intervention and regulation, strongly influencing the outlook of American conservatives and libertarians.

His views of monetary policy, taxation, privatization and deregulation informed the policy of governments around the globe, especially the administrations of Ronald Reagan in the U.S., Brian Mulroney in Canada, Margaret Thatcher in Britain, Roger Douglas in New Zealand, and Augusto Pinochet in Chile, and (after 1989) in many Eastern European countries.

It’s nice to be educated isn’t it Michael?

You shouldn’t bring a knife to a gun fight.

Flag Comment Posted by Toobad on February 02, 2009 at 1:15 pm

“To filibuster just for the sake of it or heck of it is not helpful.“

oh really, let’s tell that to the democrats that have filibustered for eight years and put up roadblocks on Bush nominees but yet they don’t want the same treatment.

The Republicans will filibuster because it is bad law, simply put - a political payoff to those in is far left party to solidify his base for his next election run.

Did you two last posters even read the bill? 

Let’s highlight a few major pieces that do not bring in any new jobs and are just pork, and there are many.
$4,190,000,000 - Neighborhood Stabilization Activities (Investigated ACORN money here?)

Analog Converter Box Program; $100,000,000 (More free goodies for the masses!)

$400,000,000 - Science (not less than $250,000,000 “shall be solely for accelerating the development of the tier 1 set of Earth science climate research missions); Global Warming!  Al Gore would be proud!

Fossil Energy; $2,000,000,000 - Science (weird science?)

$600,000,000 - Energy Efficient Federal Motor Vehicle Fleet Procurement (no mention of buying only American cars)  More free money to the car makers – I can respect Ford, they didn’t take the bailout, I know where I’m buying my next car!

$200,000,000 - National Mall Revitalization Fund (half of that requires matching private funds – did you see what all the Obama supporters did to the mall?  Maybe they should pay?)

$400,000,000 - Discretionary Funds, Secretary of HHS (Tom Daschle won’t have to pay taxes on this)
$2,000,000,000 - Payments to States for the Child Care and Development Block Grant
$13,000,000,000 - Education for the Disadvantaged; (At this rate, I’ll be broke and my kids will be disadvantaged.)
$100,000,000 - Impact Aid (Title VII of the elementary and Secondary Education Act of 1965);
$1,000,000,000 - School Improvement Program; $200,000,000 - Innovation and Improvement;
$13,000,000,000 - Special Education (ref. IDEA, Individuals with Disabilities Education Act);
$16,126,000,000 - Student Financial Assistance; (Not only do we help our kids, our taxes are paying for everyone else to go to school.  Yes I’m such a rich guy we can flip the bill for anyone else out there too.  I don’t need to eat after all.)
$50,000,000 - Student Aid Administration;
$100,000,000 - Higher Education;
$250,000,000 - Institute of Education Sciences; (More global warming money to indoctrinate our kids?)
$14,000,000,000 - School Modernization, Renovation, and Repair;
$6,000,000,000 - Higher Education Modernization, Renovation, and Repair; (I guess our kids are mortgaging enough to go to college?)
$79,000,000,000 - State Fiscal Stabilization Fund (All the NEA AEA types like Paul Hubbard are praying for this, since the state Democrats have spent us into the budget poorhouse.)


$120,000,000 - Community Service Employment For Older Americans

Thanks to DoctorT below for posting the whole list of pork.  I just picked out a few things that have nothing to do with stimulating anything but some liberal PORK programs.

Flag Comment Posted by DaisyB on February 02, 2009 at 12:11 pm

To filibuster just for the sake of it or heck of it is not helpful.  The bill as it stands does need modification.  By the way, Obama has played “nice” so far with the Republicans, but it seems that some would like to obstruct just to not appear weak to their base.  How about offering some substantive ideas?  Both parties share in the blame.  However, Bush can not be allowed to sit in Texas smelling like roses, while leaving the stench of 8 years of h—- with the rest of us.  No, Obama is not the Messiah as I don’t believe in idol worship.  However, he is at least trying to solicit ideas from the Republicans to help the economy for us all.

Flag Comment Posted by Michael on February 02, 2009 at 11:57 am

“The way Obama is trying to print gobs and gobs of money it will only devalue our dollar even more.“

Actually, we’re going through deflation right now.  While our economic situation is bad, the rest of the world’s is worse.  People are buying the Dollar left and right because they have more confidence in America to pull through this mess than the rest of the world.  The only currency that’s worth more right now is the Yen.  As fast as we’re printing money right now we still can’t keep up with demand, which is why we’re going through deflation.  You won’t see inflation for a good long while because the dollar is still the world’s reserve currency.

“Keep blaming Bush, even though your party has controlled both houses for the last two years.“

Um, no…  49 Democrats in the Senate, 49 Republicans, 2 Independents.  And if you think Lieberman is a Democrat you’re crazy.  The Democrats controlled only the House, nothing more.  I’m not going to defend the Democrats or the Republicans.  In my opinion they both got us into this mess and share equal culpability and are working hard to get us even further in.  If you don’t think the Republicans are to blame you should google the “Gramm-Leach-Bliley Act”.  And their doubling the deficit (from 5 to 10 trillion) over the course of 8 years didn’t help either.

“and Homosexual Barney Frank”

How is this pertinent to anything?

“Now they blame Bush for global warming, a Hurricane, the economy”

I don’t blame Bush for these, they were all events that were largely beyond his control.  I blame him for being “asleep at the wheel”, as you so elegantly stated about the Democrats.

“I just hope you don’t destroy our country in the next few years”

I fail to see how the Republicans filibustering every attempt at a solution is going to help.

“more bailouts for executives that can’t manage money”

It was the Republicans who did this.  You do know that Bush and Treasury Secretary Paulson are Republicans, right?

“The Democrats only know two things more Tax Tax Tax and Spend Spend Spend.“

As opposed to the Republican mantra of “Don’t Tax, Spend Spend Spend”.

“Oh yes, take over private industry”

I’ve yet to hear any politician from either side of the aisle call for this.

As to your claim that FDR extended the Great Depression: No.
The actions of the Fed extended it, not the spending programs enacted by FDR:
http://www.salon.com/opinion/feature/2009/01/02/sirota_fdr_depression/

I can see how you can put the blame on Democrats for some of what’s going on, but I fail to understand how you can hold the Republicans blameless.  Politicians are politicians regardless of which side they’re on.

Flag Comment Posted by DoctorT on February 02, 2009 at 11:47 am

Here is a rundown off of the American Thinker website for just what kind of stuff is in the HR1 bill Obama wants:
“The pork-laden American Recovery and Reinvestment Act of 2009 passed by Democrats in the House is a huge pig pen.


Thanks to the staff of Congressman Michael Burgess (TX-R., 26th Dist.), I waded through a hardcopy of Division A - Appropriations Provisions of H.R.1. It’s painful and it’s ugly.  (My reading of “Division B - Other Provisions,“ pages 251-647, which contains the bill’s Tax provisions, will require OTC painkillers not currently in my possession.) 


There’s enough pork in Division A to rename the Washington D.C. Reflecting Pool the Bay of Pigs. 


At the risk of hurting you, I list the bill’s appropriations below. You can consult the entire bill for details, where there are any. And there are few. Most of the explanations for how the money is to be spent are as brief as fortune cookie notes, and opaque as peanut butter. I left the zeros in for impact and highlighted several of the larger numbers. It’s possible there’s a mistake in transcription, but you’ll get the drift.


Department Of Agriculture


$44,000,000 - Agriculture Buildings and Facilities and Rental Payments; $209,000,000 - Agricultural Research Service Buildings and Facilities; $245,000,000 - Farm Service Agency Salaries and Expenses; $350,000,000 - Natural Resources Conservation Service Watershed and Flood Prevention Operations; $50,000,000 - Watershed Rehabilitation Program; $5,838,000,000 - Rural Development Programs, Rural Community Advancement Program; $22,129,000,000 - Rural Housing Service, Rural Housing Insurance Fund Program Account; $2,825,000,000 - Rural Utilities Service, Distance Learning, Telemedicine, and Broadband Program; $100,000,000 - Special Supplemental Nutrition Program for Women, Infants, and Children; $150,000,000 - Emergency Food Assistance Program” (This includes grants for Puerto Rico and American Samoa); $300,000,000 - Administrative Expenses ($150,000,000 each in ‘09 & ‘10); $650,000,000 - Forest Service, Capital Improvement and Maintenance; $840,000,000 - Wildland Fire Management


Department Of Commerce


$250,000,000 - Economic Development Administration, Economic Development Assistance Program; $1,000,000,000 - Bureau of the Census, Periodic Censuses and Programs (additional funding); $350,000,000 - National Telecommunications and Information Administration, Salaries and Expenses; $2,825,000,000 - Wireless and Broadband Deployment Grant Programs; $650,000,000 - Digital-To-Analog Converter Box Program; $100,000,000 - National Institute of Standards and Technology Scientific and Technical Research and Services; $100,000,000 - Industrial Technology Services


$300,000,000 - Construction of Research Facilities; $400,000,000 - National Oceanic and Atmospheric Administration, Operations, Research and Facilities; $600,000,000 - Procurement, Acquisition and Construction (includes not less than $140,000,000 for “climate data modeling”)


Department Of Justice (DoJ)


$3,000,000,000 - State and Local Law Enforcement Assistance; $1,000,000,000 - Community Oriented Policing Services


National Aeronautics and Space Administration (NASA)


$400,000,000 - Science (not less than $250,000,000 “shall be solely for accelerating the development of the tier 1 set of Earth science climate research missions); $150,000,000 - Aeronautics; $50,000,000 - Cross Agency Support Programs (restoration and mitigation of NASA infrastructure and facilities damaged during 2008 disasters)


National Science Foundation


$2,500,000,000 - Research and Related Activities; $100,000,000 - Education and Human Resources; $400,000,000 - Major Research Equipment and Facilities Construction


Department Of Defense


$4,500,000,000 - Facility Infrastructure Investments; $350,000,000 - Energy Research and Development; $920,000,000 - Military Construction, Army; $350,000,000 - Military Construction, Navy & Marine Corps; $260,000,000 - Military Construction, Air Force; $3,750,000,000 - Military Construction, Defense-Wide; $140,000,000 - Military Construction, Army National Guard; $70,000,000 - Military Construction, Air National Guard; $100,000,000 - Military Construction, Army Reserve; $30,000,000 - Military Construction, Navy Reserve; $60,000,000 - Military Construction, Air Force Reserve; $300,000,000 - Department of Defense Base Closure Account 1990


Department Of Veterans Affairs (VA)


$950,000,000 - Veterans Health Administration, Medical Facilities; $50,000,000 - National Cemetery Administration


Energy And Water


$2,000,000,000 - Army Corps of Engineers, Civil Construction; $250,000,000 - Mississippi River and Tributaries; $2,225,000,000 - Operation and Maintenance; $25,000,000 - Regulatory Program


Department Of Energy


$18,500,000,000 - Energy Efficiency and Renewable Energy; $4,500,000,000 -; $1,000,000,000 - Advanced Battery Loan Guarantee Program; $500,000,000 - Institutional Loan Guarantee Program; $8,000,000,000 - Innovative Technology Loan Guarantee Program; $2,400,000,000 - Fossil Energy; $2,000,000,000 - Science (weird science?)


Environmental And Other Defense Activities


$500,000,000 - Defense Environmental Cleanup


Borrowing Authorities


$3,250,000,000 - Western Area Power Administration; $3,250,000,000 - Bonneville Power Administration


General Services Administration


$7,700,000,000 - Federal Buildings Fund; $600,000,000 - Energy Efficient Federal Motor Vehicle Fleet Procurement (no mention of buying only American cars)


Small Business Administration


$426,000,000 - Business Loans Program Account


Department Of Homeland Security


$100,000,000 - U.S. Customs and Border Protection (non-intrusive detection technology at sea ports of entry); $150,000,000 - Repair and Construct Inspections Facilities (at land border points of entry); $500,000,000 - Aviation Security; $150,000,000 - Coast Guard, (alteration of bridges); $200,000,000 - FEMA, Emergency Food & Shelter


Department Of The Interior


$500,000,000 - Bureau of Reclamation, Water and Related Resources; $325,000,000 - Bureau of Land Management, Construction (for priority road, bridge and trail repair or decommissioning); $300,000,000 - U.S. Fish and Wildlife Construction (for priority road and bridge replacement and repair); $1,700,000,000 - National Park Service Construction; $200,000,000 - National Mall Revitalization Fund (half of that requires matching private funds); $100,000,000 - National Park Service Centennial Challenge (signature projects and programs); $200,000,000 - U.S. Geological Survey for Surveys, Investigations and Research; $500,000,000 - Bureau of Indian Affairs, Construction; $800,000,000 - Environmental Protection Agency (EPA), Hazardous Substance Superfund; $200,000,000 - EPA, Leaking Underground Storage Tank Trust Fund Program; $8,400,000,000 - State and Tribal Assistance Grants ($6 bln, Clean Water State Revolving Funds; $2 bln, Drinking Water State Revolving Funds; $300 mil, Title VII, Subtitle G, Energy Policy Act of 2005; $100 mil, Comprehensive environmental Response, Compensation and Liability Act of 1980)


Department Of Health And Human Services (HSS)


$550,000,000 - Indian Health Service; $2,188,000,000 - Health Resources and Services; $462,000,000 - Centers for Disease Control and Prevention, Disease Control, Research and Training; $1,500,000,000 - National Institutes of Health (NIH), National Center for Research Resources; $1,500,000,000 - NIH, Office of the Director; $500,000,000 - NIH, Buildings & Facilities; $700,000,000 - Agency for Healthcare Research and Quality; $400,000,000 - Discretionary Funds, Secretary of HHS (Tom Daschle won’t have to pay taxes on this); $1,000,000,000 - Administration for Children and Families, Low-Income Home Energy Assistance; $2,000,000,000 - Payments to States for the Child Care and Development Block Grant; $3,200,000,000 - Children and Families Services Program; $200,000,000 - Administration on Aging, Aging Services Programs; $2,000,000,000 - Office of the National Coordinator for Health Information Technology; $900,000,000 - Public Health & Social Services Emergency Fund (three parts for advanced R&D, prepare for influenza pandemic, improve IT at the Department of HHS); $3,000,000,000 - HHS Prevention and Wellness Fund


Department Of Education


$13,000,000,000 - Education for the Disadvantaged; $100,000,000 - Impact Aid (Title VII of the elementary and Secondary Education Act of 1965); $1,000,000,000 - School Improvement Program; $200,000,000 - Innovation and Improvement; $13,000,000,000 - Special Education (ref. IDEA, Individuals with Disabilities Education Act); $16,126,000,000 - Student Financial Assistance; $50,000,000 - Student Aid Administration; $100,000,000 - Higher Education; $250,000,000 - Institute of Education Sciences; $14,000,000,000 - School Modernization, Renovation, and Repair; $6,000,000,000 - Higher Education Modernization, Renovation, and Repair; $79,000,000,000 - State Fiscal Stabilization Fund


Corporation For National And Community Service


$160,000,000 - Operating Expenses; $40,000,000 -  National Service Trust


Social Security Administration


$900,000,000 - Limitation on Administrative Expenses


Smithsonian Institute


$150,000,000 - Facilities Capital


National Foundation For The Arts And The Humanities


$50,000,000 - National Endowment for the Arts


Department Of Labor


$4,000,000,000 - Employment and Training Administration; $120,000,000 - Community Service Employment For Older Americans; $500,000,000 - State Unemployment Insurance and Employment Service Operations; $80,000,000 - Departmental Management; $300,000,000 - Office of the Job Corps


Department Of State


$276,000,000 - Administration of Foreign Affairs, Capital Investment Fund; $224,000,000 - International Boundary and Water Commission, U.S. and Mexico, Construction


Department Of Transportation


$3,000,000,000 - Federal Aviation Administration, Grants-in-Aid for Airports;


$30,000,000,000 - Federal Highway Administration, Highway Infrastructure Investment; $300,000,000 - Federal Railroad Administration, Capital Assistance for Intercity Passenger Rail Service; $800,000,000 - Capital and Debt Service Grant to the Railroad Passenger Corporation; $6,000,000,0000 - Federal Transit Administration, Transit Capital Assistance; $2,000,000,000 - Fixed Guideway Infrastructure Investment; $1,000,000,000 - Grants at the discretion of the Secretary of Transportation


Department Of Housing & Urban Development


$5,000,000,000 - Public & Indian Housing, Public Housing Capital Fund; $2,500,000,000 - Elderly, Disabled, and Section 8 Assisted Housing, Energy Retrofit; $500,000,000 - Native American Housing Block Grants; $1,000,000,000 - Community Planning & Development, Community Development Fund; $4,190,000,000 - Neighborhood Stabilization Activities (ACORN money here?); Community Development Fund; $1,500,000,000 - Home Investment Partnerships Program; $10,000,000 - Self-Help & Assisted Homeownership Opportunity Program; $1,500,000,000 - Homeless Assistance Grants; $100,000,000 - Office of Healthy Homes and Lead Hazard Control, Lead Hazard Reduction


Whew!  Boar-a-rama. Hog heaven. 


Rest assured, though, that all these expenditures will be closely monitored to prevent fraud and wasteful spending. There’s 198,400,000 allocated for Inspector Generals of federal departments and agencies. The Government Accounting Office will have another $25,000,000 to follow the money flowing from the swinery.


And, in case you’re concerned about such things, breathe easy because, according to Sec. 1109. PROHIBITED USES:


None of the funds appropriated or otherwise made available in the Act may be used for any casino or other gambling establishment, aquarium, zoo, golf course, or swimming pool.


This, of course, does not apply to later mentioned “pools of first lien position 504 [SBA] loans sold to third-party investors.“  Only swimming pools.


In H.R.1 there is even a Blago Clause (SEC. 1112).  No money is to be spent in Illinois as long as Blago is governor except by separate expressed approval from the State legislature.  But that’s a mute issue now. No Blago - no problem.


As for transparency, it’s assured by SEC. 1221. “ESTABLISHMENT OF THE ACCOUNTABILITY AND TRANSPARENCY BOARD.“  The Chief Performance Officer appointed by the President will chair the above mentioned Board and serve with six inspector generals and deputy secretaries of the Departments of Energy, HHS, Transportation, “and from other Federal departments and agencies to which funds are made available in the Act.“


The Board’s budget is $14,000,000.  Their office space will be provided within the Executive Office of the President.  There’ll also be an Independent Advisory Panel (SEC. 1229) with five members chosen by President Obama. All on the up-n-up.


Here an oink, there an oink, everywhere an oink, oink.“

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