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05 Mar 09

Vladimir Putin Warns U.S. Not to Fall into Socialism « Republican Ranting

Well, it appears as if Russian Prime Minister Vladimir Putin knows more about economics than President Obama. The following is an excerpt of Putin’s speech at the World Economic Forum in Davos, Switzerland (transcript courtesy of the Wall Street Journal). The full speech can be found here

24 Feb 09

Obama Bitter that Republicans Rejected the Stimulus Package? « Republican Ranting

So, I was just watching the news, and they were talking about a picture and caption of the White House website. Neil Cavuto (FOX News) was asking if the following caption was a cheap shot at Republicans. Here’s the picture (I’ll discuss it below and ask for your opinion) (see here for the original picture; it’s picture 4: http://www.whitehouse.gov/photogallery/The-story-of-the-economic-recovery-package/):

17 Feb 09

President Obama Signs $787 Billion Economic Stimulus Plan « Republican Ranting

Moments ago, President Obama singed H.R. 1, the economic stimulus package into law. Unfortunately, I was taking a phone call during the beginning of his speech, so I couldn’t live blog it, but I did catch some key parts (I’ll do a summary of the whole speech later).

14 Feb 09

Breaking: Senate Passes Revised Economic Stimulus Plan: 60-38 « Republican Ranting

Senator Sherrod Brown (D-OH) just got back from Ohio, where he was attending his mother’s memorial services, and has casted an “Aye” vote for the economic stimulus package. That was the 60th Aye vote needed, since Ted Kennedy (D-MA) was not voting. The 3 Republicans who sided with the Democrats before, Arlen Specter (R-PA), Olympia Snowe (R-ME), and Susan Collins (R-ME) voted with the Democrats.

Live: Senate 1 Vote Away from Passing Economic Stimulus Package « Republican Ranting

This is breaking news, the Senate began voting on the new version of the stimulus bill around 5:30 P.M. (I was gone). The vote so far is 59 AYE votes, and they’re waiting in Sherrod Brown (D-OH), who is expected to vote AYE. He was at a wake for his mother (funeral services will be tomorrow). He’s expected to reach the 60 vote mark.

House of Representatives Approves Revised Stimulus Bill: 246-183 « Republican Ranting

A little over an hour ago, the House of Representatives approved the revised economic stimulus package (that’s the package where the joint conference hammered out the details between the Senate and House bill differences). 246 Democrats voted for the bill; all 183 Republicans voted NAY, with 7 Democrats joining them. 1 Democrat also voted present, and 1 Democrat and 2 Republicans were not voting.

House of Representatives Debates and Votes to Congratulate the Pittsburg Steelers for Their Superbowl Win « Republican Ranting

Today, the House of Representatives (at least for the first half of the day) considered and discussed 4 suspension bills (bills passed under suspension of the rules), where debate is limited to 40 minutes. Today, they agreed to 4 resolutions, the first of which was to congratulate the Pittsburg Steelers on their 6th Super Bowl win (officially House Resolution 110: Congratulating the National Football League champion Pittsburgh Steelers for winning Super Bowl XLIII and becoming the most successful franchise in NFL history with their record 6th Super Bowl title, sponsored by Representative Michael Doyle [D-PA14-Pittsburg]). For those of you who would like to see it, here’s the C-SPAN video of that debate

Déjà vu : Senator Judd Gregg Withdraws Nomination for Commerce Secretary « Republican Ranting

Senator Judd Gregg (R-NH) has just withdrawn his nomination for the position of Commerce Secretary. This is breaking news coming in now, but there’s not yet word on the reason behind it.

13 Feb 09

Senate Passes $838 Economic Stimulus Bill: 61-37 « Republican Ranting

Just moments ago, the Senate passed the economic stimulus bill, 61-37. Here’s how the votes fell:
Akaka (D-HI) - Aye
Alexander (R-TN) - Nay
Barrasso (R-WY) - Nay
Baucus (D-MT) - Aye
Bayh (D-IN) - Aye
Begich (D-AK) - Aye

Live: Senate Voting on $838 Billion Economic Stimulus Bill « Republican Ranting

The Senate is now voting on the $838 billion economic stimulus bill. This vote will be on the Collins/Nelson (Susan Collins [D-ME] / Ben Nelson [D-NE]) substitution amendment (basically an amendment that made a bunch of changes instead of the old bill being amended 1 by 1). It’s still a terrible bill.

A Normal Day in the Senate: Economic Stimulus, Health Care … Pornography at the National Science Foundation? « Republican Ranting

Alright, so I was watching the Senate discuss more amendments to H.R. 1, the American Recovery and Reinvestment Act of 2009, the latest economic stimulus bill. Anyway, Senator Chuck Grassley (R-IA) was talking about his amendment and some health care stuff, when all of a sudden, he breaks off on to the subject of pornography being viewed at work by some of the staff at the National Science Foundation, and that we need to make sure that stimulus money isn’t going towards wasting time at work (whether that’s pornography or not - people should be doing work at work, not viewing pornography or playing Free Cell). Here’s that video clip, courtesy of C-SPAN

07 Feb 09

Some Republican Governors Break Party Ranks and Support Stimulus Bill « Republican Ranting

Alright, this news article is a few days old, but since the Senate hasn’t voted on the stimulus package yet, it’s still applicable. I read an AP article that a friend showed me, and while I won’t post the whole thing, I’ll highlight some key points. The article talks about Republican Governors who are urging Congress to pass the stimulus bill. The full article can be read here. Then I went looking for more positions on the bill and found a few other governors’ positions.

01 Feb 09

Skyrocketing Money Printing Warns of Coming Inflation Disaster « Republican Ranting

I was watching the news earlier today, and Glenn Beck’s show on FOX News came on. He was talking about the latest figures coming out of the Federal Reserve Bank of St. Louis, specifically the figures on the monetary base.

22 Jan 09

Senate Approves Release of Additional $350 Bailout Funds « Republican Ranting

Yesterday, the Senate voted 42-52 to not block the release of the second half of the $700 billion bailout (the Troubled Asset Relief Program [TARP] money). Within hours of that vote, the Department of the Treasury announced that $118 billion of the $350 billion would be spent on bailing out Bank of America by investing in it and guaranteeing loans.

19 Dec 08

President Bush Approves $17.4 Billion Auto Bailout « Republican Ranting

Alright, well this morning, President Bush held a press conference where he announced his plans to give a $17.4 billion loan to GM and Chrysler. Here’s a video of that press conference (courtesy of FOX), and I have a transcript (again, courtesy of FOX) which I’ve done a “play-by-play” analysis of below

18 Dec 08

Ron Paul Was Right (The [Short] Movie!) « Republican Ranting

I ran across the following video on my homepage on YouTube earlier today. It details some of the predictions that were made by Representative Ron Paul the Great (R-TX) and Peter Schiff (head of Euro Pacific Capital) about the economy

12 Dec 08

53% of Rescued Homeowners Still Not Paying Mortgages on Time « Republican Ranting

I was watching FOX News the other day, and Neil Cavuto the Great (yes, I’ve now given Cavuto the Republican Ranting honorary title of “the Great”) was discussing a bill before Congress that would help bankrupt homeowners restructure their mortgages. Cavuto discusses the issue with Wall Street Journal editorialist Steve Moore. Watch the video, and I’ll discuss it below

03 Dec 08

NOW We’re Officially in a Recession « Republican Ranting

I know this is a few days late, but life has been hectic (next week is final exam week for me). But this is something that I really wanted to post about.
Back in April, I made the statement that we were not in a recession, because we had not yet seen an economic decline “lasting more than a few months” (which is the definition given by the National Bureau for Economic Research [NBER]).

22 Nov 08

South Carolina Governor Mark Sanford: “Don’t Bail Out My State” « Republican Ranting

I find myself in a lonely position. While many states and local governments are lining up for a bailout from Congress, I went to Washington recently to oppose such bailouts. I may be the only governor to do so.

20 Nov 08

Michigan Congressman Joe Knollenberg Supports Auto Industry Bailout « Republican Ranting

So, I was watching the news last night, and they had Representative Joe Knollenberg (R-MI9) on Neil Cavuto’s show discussing the bailout of the auto industry. Watch this and I’ll discuss it below: