Obama Adviser Considers Stimulus Spending Successful 0 comments
Even while conceding that job losses are “horrendous” – 9.4 percent unemployment nationwide – a top Obama administration economic adviser said the $787-billion stimulus plan is working. “The program is working,” said Christina Romer, chairwoman of the White House Council of Economic Advisers. “Millions of unemployed workers have seen an extra $25 a week in their unemployment insurance checks [and] 95 percent of American households saw a tax cut in their paychecks starting April 1.” Read full storyPray that President Obama will guide America down a path chosen by God and sought for in prayer.
1 Timothy 2:1-4 "I urge, then, first of all, that requests, prayers, intercession and thanksgiving be made for everyone — for kings and all those in authority, that we may live peaceful and quiet lives in all godliness and holiness. This is good, and pleases God our Savior, who wants all men to be saved and to come to a knowledge of the truth."
Continue Reading»Seeking more than financial freedom 0 comments
Why did we come to this country? Rarely do we ever stop for a moment in our busy days at work to wonder why we, or our parents or grandparents, came to this country. But with the U.S. at a crossroad and many of our ancestral homes facing turmoil, perhaps it makes sense to contemplate whether anything besides money drove Hispanics to this country. Here at home, our economy is hurting. Some states, including the biggest (California), have double-digit unemployment. We are living through economic turmoil not seen in decades. In response, our government is writing checks to supposedly "stimulate" our economy, although nobody knows how we're going to pay for it all. And worse, it's not working.Read full storyPray that President Obama will guide America down a path chosen by God and sought for in prayer.
1 Timothy 2:1-4 "I urge, then, first of all, that requests, prayers, intercession and thanksgiving be made for everyone — for kings and all those in authority, that we may live peaceful and quiet lives in all godliness and holiness. This is good, and pleases God our Savior, who wants all men to be saved and to come to a knowledge of the truth."
Continue Reading»Bad Bridges Are Not Getting Stimulus Money; Good Bridges Are More ‘Shovel Ready’ 0 comments
Tens of thousands of unsafe or decaying bridges carrying 100 million drivers a day must wait for repairs because states are spending stimulus money on spans that are already in good shape or on easier projects like repaving roads, an Associated Press analysis shows. President Barack Obama urged Congress last winter to pass his $787 billion stimulus package so some of the economic recovery money could be used to rebuild what he called America's "crumbling bridges." Read full storyClick here to see perhaps the worst bridge in America
Pray that President Obama seeks Godly wisdom on how best to heal America's economy.
Proverbs 17:16 "Of what use is money in the hand of a fool, since he has no desire to get wisdom?"
Continue Reading»House approves $2B more for 'cash for clunkers' 0 comments
The House has voted to rush an additional $2 billion into the popular but financially strapped "cash for clunkers" car purchase program. The bill was approved on a vote of 316-109. House members acted within hours of learning from Transportation Secretary Ray LaHood that the program was running out of money. Called the Car Allowance Rebate System, or CARS, the program is designed to help the economy and the environment by spurring new car sales. Car owners can receive federal subsidies of up to $4,500 for trading in their old cars for new ones that achieve significantly higher gas mileage. Read full storyPray that President Obama be given Godly wisdom with regards to stimulating our economy.
Proverbs 22:26–27 "Do not be a man who strikes hands in pledge or puts up security for debts; if you lack the means to pay, your very bed will be snatched from under you. "
Continue Reading»'Stimulus' grants going to porn producers? 4 comments
Editor's note: This story contains descriptions that some may find offensive. "Stimulus" funds awarded to the National Endowment for the Arts may be being used to produce pornographic material. The NEA was allotted $80 million out of the $787-trillion stimulus bill approved earlier this year by Congress and President Obama. Alliance Defense Fund special counsel Pat Trueman shares what he found upon close examination of the NEA's expenditures. Read full storyPray that President Obama is vocal in the appropriate use of stimulus funds, and that this money would not be misused in selfish and immoral ways.
1 Timothy 6:17 "Command those who are rich in this present world not to be arrogant nor to put their hope in wealth, which is so uncertain, but to put their hope in God, who richly provides us with everything for our enjoyment.."
Continue Reading»Obama Stimulus Spending Includes Rental Cars, Outhouses, and ‘Sediment Removal’ 0 comments
Among the 3,266 entries in a government database detailing to-date spending under the Democrats' stimulus law are expenditures for concrete outhouses, “deli-sliced” turkey, and hotel bills. Passed in February, the American Recovery and Reinvestment Act (AARA) – also called the “stimulus package” -- was sought and signed into law by President Obama, who declared at the time, “We have begun the essential work of keeping the American dream alive in our time.”Read full storyPray that President Obama is open to the Holy Spirit's gentle guidance in where to step and with whom to consult regarding the economy. May he turns away from godless chatter that could distract him.
1 Timothy 6:17-21 "Command those who are rich in this present world not to be arrogant nor to put their hope in wealth, which is so uncertain, but to put their hope in God, who richly provides us with everything for our enjoyment. Command them to do good, to be rich in good deeds, and to be generous and willing to share. In this way they will lay up treasure for themselves as a firm foundation for the coming age, so that they may take hold of the life that is truly life. Timothy, guard what has been entrusted to your care. Turn away from godless chatter and the opposing ideas of what is falsely called knowledge, which some have professed and in so doing have wandered from the faith."
Continue Reading»Obama's stimulus 'murdered' welfare reform 0 comments
A leading expert on poverty says able-bodied parents who choose not to work and poor women who don't marry have produced an ideal clientele for an ever-growing welfare state that's being funded at record levels by President Obama's stimulus package. President Obama's stimulus bill calls for massive increases in every form of welfare, leading Heritage Foundation researcher Robert Rector to declare that the legislation "murdered welfare reform."Read full storyPray that President Obama seeks Godly wisdom on how best to heal America's economy. While he can comfort and assure the people, real peace can only be found in Christ.
Proverbs 6:6-11 "Go to the ant, you sluggard; consider its ways and be wise! It has no commander, no overseer or ruler, yet it stores its provisions in summer and gathers its food at harvest. How long will you lie there, you sluggard? When will you get up from your sleep? A little sleep, a little slumber,
a little folding of the hands to rest— and poverty will come on you like a bandit and scarcity like an armed man. "
Obama rejects proposal for 2nd stimulus 0 comments
President Barack Obama on Saturday dismissed the idea the nation might need a second stimulus to jolt the economy out of recession and urged Americans to be patient with his economic recovery plan. Faced with rising unemployment numbers and criticism from Republicans who have already labeled the $787 billion stimulus a failure, Obama used his weekly radio and Internet address to remind voters that reversing job losses takes time.Read full storyPray that President Obama will continue to be patient and cautious with regards to our nation's finances.
Romans 13:8 "Let no debt remain outstanding, except the continuing debt to love one another, for he who loves his fellowman has fulfilled the law."
Continue Reading»Senate Supporters of Obama's $787-Billion Stimulus Insist It's Working Despite Declining Economy, Rising Unemployment 0 comments
Senators who voted for the Obama administration’s $787-billion economic stimulus bill defended its performance, saying that despite a weaker-than-expected economy, the stimulus was not a failure and they were not disappointed in the results so far. Republican supporters of the Obama economic plan said that even though the administration’s economic predictions proved wrong, the stimulus is still on the right track.Read full storyPray that President Obama seeks Godly wisdom on how best to heal America's economy and to not be discouraged by the complaints of men.
1 Timothy 6:10 "For the love of money is a root of all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many griefs.
Continue Reading»The bankrupt Party of Porkulus 0 comments
Let there be no doubt: Democrats are the party with two ideas -- borrow and spend. The only vigorous internal debate on the left revolves around two questions: How much and how much more? Even as the first trillion-dollar stimulus craters, the debt-o-crats are floating yet another grand act of generational theft to create the illusion of jumpstarting the economy. Read full storyPray that President Obama is open to the Holy Spirit's gentle guidance in where to step and with whom to consult regarding the economy. May he turns away from godless chatter that could distract him.
1 Timothy 6:17-21 "Command those who are rich in this present world not to be arrogant nor to put their hope in wealth, which is so uncertain, but to put their hope in God, who richly provides us with everything for our enjoyment. Command them to do good, to be rich in good deeds, and to be generous and willing to share. In this way they will lay up treasure for themselves as a firm foundation for the coming age, so that they may take hold of the life that is truly life. Timothy, guard what has been entrusted to your care. Turn away from godless chatter and the opposing ideas of what is falsely called knowledge, which some have professed and in so doing have wandered from the faith."
Continue Reading»Cheers to USA Today: 'Billions In (Stimulus) Aid Go to Areas That Backed Obama in 08' 0 comments
Is this what Time magazine meant with their July 6th cover, What Barack Obama Can Learn From FDR? Not one to let "a serious crisis to go to waste," Franklin Delano Roosevelt used the onset of the Great Depression as an excuse to immediately begin delivering New Deal dollars in unprecedented amounts - with laser-like political precision to electorally important parts of the country. He sailed to landslide reelection in 1936 on a federally-funded tailwind. The New Deal is now an old one - as direct mail guru Richard Viguerie describes it, "We've got money, you've got votes, let's talk." If this is what Time had in mind for Obama to learn, he has proven to be an apt pupil. And USA Today seems to have picked up on it. Read full storyPray that President Obama seeks Godly wisdom on how best to heal America's economy and not show favoritism to those that support his administration now or during his campaign.
Ecclesiastes 5:10 "Whoever loves money never has money enough; whoever loves wealth is never satisfied with his income. This too is meaningless."
Continue Reading»Obama not talking about second stimulus: official 0 comments
U.S. President Barack Obama's administration is not discussing a second stimulus plan to jolt the U.S. economy out of recession, a White House budget official told Congress on Wednesday. "No one in the administration is talking about a second stimulus at this point," said Robert Nabors, deputy director of the Office of Management and Budget, who is tracking the effects of the economic recovery plan already in effect. Read full storyPray that President Obama will humbly accept mistakes and errors, learn from them, and be cautious with the nation's finances.
Romans 13:8 "Let no debt remain outstanding, except the continuing debt to love one another, for he who loves his fellowman has fulfilled the law."
Continue Reading»Obama Adviser Says U.S. Should Mull Second Stimulus 0 comments
The U.S. should consider drafting a second stimulus package focusing on infrastructure projects because the $787 billion approved in February was "a bit too small," said Laura Tyson, an adviser to President Barack Obama. The current plan "will have a positive effect, but the real economy is a sicker patient," Tyson said in a speech in Singapore today. The package will have a more pronounced impact in the third and fourth quarters, she added, stressing that she was speaking for herself and not the administration. Read full storyPray that President Obama will humbly accept mistakes and errors, learn from them, and be cautious with the nation's finances.
Romans 13:8 "Let no debt remain outstanding, except the continuing debt to love one another, for he who loves his fellowman has fulfilled the law."
Continue Reading»Stats show 'stimulus' not very $timulating 0 comments
An economist says the June jobs report shows the president's economic "stimulus" package is not producing the quick results the Obama administration promised Americans. Employers cut 467,000 jobs in June, and the unemployment rate rose to a 26-year high of 9.5 percent. Read full storyPray that President Obama seeks Godly wisdom on how best to heal America's economy. Throwing money at a problem and raising taxes doesn't resolve financial issues.
Ecclesiastes 5:10 "Whoever loves money never has money enough; whoever loves wealth is never satisfied with his income. This too is meaningless."
Continue Reading»Biden: We all guessed wrong. Woops! 0 comments
Yesterday on Meet the Press, Vice President Joe Biden was asked about the lackluster performance of the $787 billion stimulus package. Remember, it was based on the premise that it would "save or create" jobs and keep unemployment under 8%. Well, we're currently at 9.4%. His answer, as you'll see in the video above (at about the 2:00 minute mark), is that "everyone guessed wrong," and that the economy was worse than anyone thought. And their answer? Hurry up and spend it faster! Read full storyPray that President Obama will humbly accept mistakes and errors, learn from them, and be cautious with the nation's finances.
Romans 13:8 "Let no debt remain outstanding, except the continuing debt to love one another, for he who loves his fellowman has fulfilled the law."
Continue Reading»Obama the economic magician 0 comments
A leading free-market economist says President Obama is using sleight of hand to tout his economic "stimulus" package. Barack Obama is promising to create more than 600,000 jobs through his $787 billion economic stimulus plan this summer. The president claims his stimulus has created or saved 150,000 jobs so far, but government reports show the economy has lost more than 1.6 million jobs since Congress approved funding for the massive stimulus program in February. Read full storyPray that President Obama will humbly accept mistakes and errors, learn from them, and be cautious with the nation's finances.
Romans 13:8 "Let no debt remain outstanding, except the continuing debt to love one another, for he who loves his fellowman has fulfilled the law."
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