Gongol.com Archives: February 2008
Brian Gongol

February 7, 2008

The United States of America Romney's out of the race
What'll be interesting to watch is whether social conservatives who don't like McCain will be angry enough to bolt from the party. Romney is still young and could run again. Given McCain's age (71), the GOP vice-presidential nominee will be an especially important post. Romney may want that pretty badly. McCain is way out in front on the delegate count.

Water News US Representatives ask GAO to study formation of a national Clean Water Trust Fund

Business and Finance The economic stimulus package is really a bank bailout
Consider this: If the government puts anywhere between $150 billion and $200 billion into circulation through rebates and subsidies, it's going to place a lot of money in lots of hands. On average, the average pair of hands in this country owes $3,100 in revolving debt, like credit cards. The stimulus package is going to end up, on net, landing in the banks that need new capital right now.

Socialism Doesn't Work The Senate is supposed to be the place for more serious deliberation
Instead of acting like a brake on bad policy, the Senate appears to be trying to make the bad plan for an economic stimulus package even worse by making it bigger and bigger. The Senate added $40 billion to the plan sent to it by the House, tallying up a full $204 billion in tax credits, subsidies, rebates, and the like.

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