I heard very little last night about what was IN the bill, and heard mostly what the bill would do for America. Well, considering how unconnected Obama has been to the business sector, I'm wondering if it will be another "You'll have to pass it to see what's in it" bill. Did you notice how much he talked about transportation, infrastructure, and building?
I warned several months ago about the new transportation bank "they" are talking about. This sounds to me like an official proclamation upon this very thing. I am all for the marketplace determining economy. I seriously doubt the Democrats will be able to allow that, though. It will be more government-in-your-face than ever before.
I was going to do a lot of research before posting about this, but I'm too afraid it will make me sick at my stomach. Obama gave us a lot of "sounds good" rhetoric, but I'm like that old lady at the hamburger place, "Where's the beef?" I didn't hear any place in the speech where he used specifics concerning actual wording in the bill. He did make sure we understood he was urgent about it, but it was like ramming it all down our throats never mind we're choking to death.
He used phrases like:
"We should all be taxed fairly." -- Absolutely. Everyone grumbles, but we all know we have to pay them. That is a homer statement for everyone listening. What did he mean behind the statement? Strip away the rich corporate loopholes and make sure corporations don't make a profit. That means share holders won't be investing in corporations any more and that means death of the corporation, death to major employers, death to new jobs. But, yeah make sure those rich guys pay through the nose so us middle-class folks don't have to pay.
"Cut in half payroll taxes, and that will make sure everyone takes home more money for their families." -- The most expensive tax out of the paycheck is Medicare and Social Security. So how will those two "protections" keep the river of money flowing into the pool so we can all play in it?