First they refuse to regulate the banks as Barney didn't see any problems, so the banks failed and had to be bailed out. Then AIG had to be bailed out, but that money was used to pay bonuses that were protected in an Obama's unread bill. Then banks were to use bailout money to redo failing mortgages but only a few mortages have actually been rewritten according to the Department of Treasury report that was just on Fox.
Then this
Then you have the Cash for Clunkers that was to last until Nov. but was bogged down in backlogs and ran out of money in 4 days because they underestimated the programs needs. And dealers are now fearing they will not get payment for the deals that they are paying for up front.
So can you actually believe these people can come up with a plan you are willing to risk your health on? Totally scarey thought.
Then this
Stimulus spending faces red tape bottlenecks
Fri Jul 17, 2009 8:02 AM
Sometimes the "shovel-ready" roads from the government's economic stimulus program lead straight to a pile of paperwork but not to the jobs they were supposed to create.
To find out how well increased federal spending is flowing through the economy, take a drive down Country Road 17 in Elkhart, Ind.
Traffic along this major thoroughfare heads south from the Interstate, bypasses downtown and then stops dead just outside of Goshen, the next town over. The plan to extend the road is approved and ready to go to bid within 60 days, according to county highway manager Jeff Taylor.
But instead of digging new bridge foundations, Taylor said his department is digging through a deluge of government forms.
“I’ve got an engineer full time and that’s just about all he’s doing is red tape every day — filling out forms, filling out forms,” he said. “You will not see stimulus used until next year because this year is going to be all red tape."
An approval process that usually takes his department five steps has now stretched to 50, Taylor said. Rights of way that have already been acquired, for example, have to be reviewed and re-approved.
“They’ve made it so rigorous that when you say ‘shovel ready,’ the lay person sitting at the bar having his beer wishing he could get back to work is thinking ‘Why don’t we get busy?,’” Taylor said. “And I’m telling you we’re not going to get busy any time soon because it takes a long, long time to get through the paperwork.”
Taylor is among thousands of front-line managers overseeing the planning and design of billions of dollars worth of projects that were supposed to get a jump-start from the $787 billion stimulus package enacted in February. The boost in spending was, in turn, supposed to help reverse the collapse in the economy and create new jobs.
So far, it doesn't seem to be working out that way. Though the rise in unemployment has slowed somewhat since the stimulus was enacted, the Obama administration concedes that job losses may not ease for some time, even with massive government spending designed to create new ones.
Then you have the Cash for Clunkers that was to last until Nov. but was bogged down in backlogs and ran out of money in 4 days because they underestimated the programs needs. And dealers are now fearing they will not get payment for the deals that they are paying for up front.
So can you actually believe these people can come up with a plan you are willing to risk your health on? Totally scarey thought.