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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
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.
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
24 Sep 08

McCain Asks Obama, Debate Commission to Postpone Debate Due to Economic Crisis « Republican Ranting

  • Today, John McCain issued the following statement regarding the economic crisis:
    Remarks on the Economic Crisis
    September 24, 2008
    America this week faces an historic crisis in our financial system. We must pass legislation to address this crisis. If we do not, credit will dry up, with devastating consequences for our economy. People will no longer be able to buy homes and their life savings will be at stake. Businesses will not have enough money to pay their employees. If we do not act, ever corner of our country will be impacted. We cannot allow this to happen.

Ron Paul on Bailouts: “We Are Headed for a Rough Ride” « Republican Ranting

  • The following is Representative Ron Paul’s (R-TX) statements regarding government bailouts of financial institutions, with my analysis sprinkled throughout his comments:
    Many Americans today are asking themselves how the economy got to be in such a bad spot.
07 Sep 08

Obama and McCain Respond to Takeover of Fannie Mae and Freddie Mac « Republican Ranting

  • Well, I already talked about the Federal takeover of Fannie and Freddie, and since then, I was able to find statements from the Presidential candidates. We’ll start with Barack Obama:
    Originally, this was all we had from Obama:
    I have been and will continue to monitor this situation closely, and I’ll evaluate whatever plan is put forth by this administration with the following three benchmarks:

Federal Government Takes Over Fannie Mae and Freddie Mac « Republican Ranting

  • Well, as of this afternoon, it’s official: the 2 mortgage giants, Fannie Mae and Freddie Mac, will be placed in conservatorship under the supervision of the Federal Housing Finance Agency (FHFA). Under this plan, the federal government will temporarily run Fannie and Freddie until the 2 companies become more stable.
03 Aug 08

Liberals, Media Ignore GDP Growth and Continue Calling It a Recession « Republican Ranting

  • At the end of July, a report from the Bureau of Economic Analysis came out saying that the Gross Domestic Product grew at a rate of 1.9% during the second quarter. Well, that’s good, considering that it only grew .9% in the first quarter.
11 Apr 08

McCain Changes His Mind on Mortgage Plan - Now He Wants to “Help” Homeowners « Republican Ranting

  • Well, in a move that honestly shocked me, John McCain has outlined a Mortgage/Homeowner plan, contrary to earlier statements that he made, saying, “I believe the role of government is to help the truly needy. … Reforms should focus on improving transparency and accountability in our capital markets. … What is not necessary is a multibillion-dollar bailout for big banks and speculators, as Senators Clinton and Obama have proposed”:
21 Mar 08

Why the Economic Stimulus Package Was a Terrible Idea « Republican Ranting

  • Alright, so I was looking around Senator Chuck Hagel’s (R-NE) website to see about his new book, and I stumbled across this press release:
    Hagel Statement on Vote Against Senate Economic Stimulus Package

    February 7th, 2008 - U.S. Senator Chuck Hagel issued the following statement today after voting against the passed United States Senate economic stimulus package:“In the last few years we have overbuilt, overmortgaged, overleveraged and abused credit. The market is now self-correcting.“
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