Saturday, June 27, 2009

Double Whammy on Economy

Yesterday was not a good day for our economy. 

First.

The Legislature on Friday sent Gov. Jim Doyle a budget that closes the biggest deficit in state history with tax increases, federal stimulus cash, aid cuts for schools and local governments, and furloughs of workers.

The Assembly passed the budget on a 51-46 vote at 6:57 p.m. Friday. That followed a 17-15 Senate vote Friday morning for the same package.

Fifty Assembly Democrats and independent Rep. Jeff Wood of Chippewa Falls voted for the budget; 44 Assembly Republicans were joined by Democrats Peggy Krusick of Milwaukee and Bob Ziegelbauer of Manitowoc in voting against it. Two Republicans were absent.

Then.

It seeks to cut emissions from 2005 levels by 17% by 2020, introduce a carbon trading system and and force a shift from fossil fuels to renewable sources.

Supporters say it will create a new “green” industry, boosting jobs and innovation, and reduce US dependence on foreign oil.

But opponents of the bill, both Republicans and Democrats, say it will lead to massive job losses in the US and impose greater taxes on every American.

Republican House Minority Leader John Boehner said energy costs would soar, and called the legislation “the biggest job-killing bill that has ever been on the floor of the House”.

(7) Comments
Posted by Owen at 0722 hrs
Economy + Politics + Politics - General + Politics - Wisconsin

  1. Great. In 10 years we will have Mexico’s economy.

    China has to be just laughing their asses off at us.

    Posted by .(JavaScript must be enabled to view this email address) on June 27, 2009 at 0726 hrs


  2. Crap and Tax will be a harder sell in the Senate, but I have no faith in Feingold and Kohl.  If it passes, the destruction of the US economy will be complete.

    Posted by Steve on June 27, 2009 at 0825 hrs


  3. I don’t know how anyone is stupid enough to believe that this will only cost the average family “a postage stamp a year” more when Obama HIMSELF said this plan would cause energy prices to “necessarily skyrocket.”

    Heritage said this doesn’t kick in until 2012, enough time to hopefully repeal it if it doesn’t die in the Senate.

    Posted by .(JavaScript must be enabled to view this email address) on June 27, 2009 at 0931 hrs


  4. Unfortunately the Sate and Fed Republicans have no solid ground in which to stand and fight.

    You can wag your finger at Barney Frank but nobody, especially Bush, did a smack down on Freddie and Fannie Mac when they had the chance. In fact, the reveled in the idea that they were enabling lower income and minorities to own properties. That didn’t impact the minority vote in future elections whatsoever. In fact it dropped. Now the Dems have total power and have escaped accountability.

    The Republicans in WI have been on Ambiem for the last 10 years. Now they are in no position to stop manufacturing from leaving the state. They are like the French “army” watching the Wehrmacht march into Paris.

    Everyone likes to tout there is a price for freedom. True enough. There is a heavy price to pay for weakness.

    Posted by .(JavaScript must be enabled to view this email address) on June 27, 2009 at 1043 hrs


  5. Republicans nationwide have been weak pretty much since
    Gingrich.  And even he went weak-kneed under Dem attacks.  At some point, the GOP needs to quit worrying that the Left won’t like them.  Quit apologizing and do the Right thing.

    Posted by Steve on June 27, 2009 at 1331 hrs


  6. Steve you make an excellent point. Gingrich went half way and wimped out. Now he is trying to be the Big Man on Campus.  Sorry Newt, time to get out of the way.

    Also conservatives have to realize they will never be buds with the NY Times, Charlie Gibson, Katty Couric, and the rest of Gilligan’s Island, and stop whining about it and come up with a strategy that bypasses it. The media never loved Reagan and he just battled them and never whined. He actually thrived with the adversary.

    The media are making idiots out of themselves with all the Jacko coverage.

    Posted by .(JavaScript must be enabled to view this email address) on June 27, 2009 at 1612 hrs


  7. Yeah Kohl is busy worrying about the cost of text messaging and “Dairy Month,” so who knows where that fuck-up’s head is on this one.

    There is simply no excuse for voting for this nonsense.  There is no rational basis for this law.  If our economy survives it, it will be because of the incredible resilience of free markets and the tenacity of American businessmen, workers, and corporations, and it will be in spite of the government.

    Posted by Mike Gallo on June 28, 2009 at 1423 hrs


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