Somebody Drag Out the Printing Presses

[Idnew]

Seriously Obama is totally out of control with his stupidity.

Following up on his State of the Union pledge to work with the GOP, Obama will address House Republicans Friday in Baltimore, where lawmakers are holding their annual retreat. He'll also tour a small business in the same city and announce a new job-creation proposal.

The proposal would give companies a $5,000 tax credit for each net new worker they hire in 2010. Businesses that increase wages or hours for their existing workers in 2010 would be reimbursed for the extra Social Security payroll taxes they would pay.

No company could reap more than $500,000 from the combined benefits, one of several features meant to tailor the program more to small businesses than to large corporations. Startup companies could receive half that amount. Existing companies could not close down and then reopen under a new name and receive any benefits, White House officials said Thursday.

The program, which needs congressional approval, would end on Dec. 31, and carries an estimated cost of $33 billion. Administration officials proposed funding it with money repaid to the government from the 2008-09 bank bailout program.

If their paying it back shouldn't it go back to where it came from to start with instead of sinking it into something else. Spend, spend, spend then tax somebody some more. I'm surprised he's still in the land of the living and I wonder how much it's costing us to protect his sorry butt.

[Idnew]

WASHINGTON — Spelling out painful priorities, President Barack Obama urged Congress on Monday to quickly approve a huge new shot of spending for recession relief and job creation, part of a record $3.8 trillion budget that would boost the deficit beyond any in the nation's history while only slowly beginning to put Americans back to work.

If Congress goes along with Obama's election-year plan, the nation would still end the year with unemployment pushing double digits at 9.8 percent and this year's pool of government red ink deepening to $1.56 trillion under the administration's accounting.