House GOP Objects to $150 Billion Stimulus Package Spending

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CNN

WASHINGTON (CNN) -- House Republicans on Monday objected to new spending measures that congressional Democrats are considering as they draft a $150 billion economic stimulus package.
What? After these last 7 plus years of mostly Republican majority, they are now going to whine like teenagers who think they know best? The party most responsible for the current economic mess complains the Democrats are spending irresponsibly? Please, give me a break.

Sigh. I keep forgetting that people with a privileged mindset are always going to whine.

Well, in case anyone is noticing, it was a Republican President, with a Republican majority in congress that bloated the National deficit to the point an extra digit had to be added to the debt counter.

Oh, and their idea of helping out the economy. You bet yea! More of the same:

Instead, House Republicans proposed a number of measures that, they say, will "turn the corner towards real economic growth," including:

  • Removing legal barriers to speed up new offshore oil drilling. A law banning offshore drilling expired October 1, but Republican lawmakers say lawsuits could block new offshore rigs and want judges to quickly rule on the cases.
  • Lowering taxes on income that U.S. corporations earn from their overseas subsidiaries.
  • Eliminating capital gains taxes on the sale of homes up to $500,000 for a couple.
  • Suspending capital gains taxes on securities purchased during the next two years.
  • Extending government deposit insurance to business transaction accounts.
  • Directing the government to guarantee inter-bank loans.
  • Yup, more handouts to the rich. None of these will help the middle class. It's all for the rich. For Bush's base.

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