Arkady's Thoughts

All the hype today was centered around Obama's first press conference and whether or not he will be able to sell the need for a stimulus package. Unfortunately for Obama the level of ingenuity apparently tapered off as his campaign concluded. Recycling the same rhetoric over and over capitalizing on America's willingness to give him the benefit of the doubt is starting to wear a bit thin. Bush may be gone, but the constant reminder of his "failed policies" continues to ring on and begs the question, what is the statute of limitations on blaming the previous administration? Ironically of course, Obama is trying to sell America on the New Deal Part 2. It matters not that the first New Deal has now proven to be a disaster and may be largely responsible for prolonging the Great Depression. It matters not that FDR used Herbert Hoover (an interventionist much like Bush) as a scapegoat for years and years, and certainly it matters not that virtually every economist of that ...

If the rumors of Teddy Kennedy's forced retrieval prove to be true, Senate can be voting for cloture tonight. This would in effect cease debate and shutdown the filibuster in the Senate, allowing the bill to safely pass and terrorize our economy for the next decade. I find Kennedy's arrival to be in poor taste and indicative that the bill does not have popularity or support among the senators, let alone the American public. Stooping to such extreme measures over a potential expenditure of 1 trillion dollars is the lowest of the low and pure politics. Stay tuned, I will be making updates in this post. 5:50 - Cloture passes with 61 votes, final vote will occur tomorrow morning. It's all over folks, nothing more to see here, the Collins/Nelson modified bill (7B more than the House) will be the bill put forth upon America. It was fun while it lasted. 4:50 - Senator Coburn warns of a legacy that would be left by this bill and suggests that each taxpayer will assume a massive ...