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Old 03-13-2009, 03:51 PM
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Default Texas Governor Rick Perry says "No" to stimulus

I didn't vote for the guy because it feels like he doesn't do anything for us, but he did something right this time!

http://www.texasinsider.org/?p=6291

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Rick Perry Says NO to Federal Stimulus Money

Governor Rick Perry, speaking at Bering’s, a family-owned business in Houston, today formally rejected the unemployment insurance portion of the federal stimulus money (American Recovery and Reinvestment Act).

“Texans who hire Texans drive our state’s economic engine. During these tough times, Texas employers are working harder than ever to move products to market, make payroll and create jobs. The last thing they need is government burdening them with higher taxes and expanded obligations,” said Perry.

“The calls to ‘take the money now and deal with the consequences later’ are deeply troubling and, quite frankly, irresponsible,” he continued. State Democrats recently held a press conference urging Perry to take the money regardless of the consequences.

Over the last few weeks, a swell of grassroots support has risen against the stimulus money. Many protestors participated in mini “tea parties” and a national Tea Party against spending and high taxes is scheduled for April 15, tax day (www.taxdayteaparty.com).

State economists, along with various watchdog groups, view the stimulus money cautiously, specifically the unemployment insurance portion. The stipulations included in the unemployment insurance stimulus dollars would alter the definition of unemployment, thereby increasing employer tax burden. Speculatively, companies would then be forced to limit hiring and raise prices, which hurts both short-term growth during these economic times, but also long-term growth as well.

Perry joins Governor Mark Sanford (R-South Carolina) as only the second Governor to formally reject stimulus funding, though public statements have been made by Governor Bobby Jindal (R-Louisiana) and others.
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Old 03-13-2009, 04:51 PM
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Good for him and good for the State of Texas.

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State Democrats recently held a press conference urging Perry to take the money regardless of the consequences.
Wow, that's some sound financial advice there. Do these Democrats run payday loan offices on the side?
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Old 03-13-2009, 05:20 PM
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He's actually still taking some 2 billions dollars or so in other stimulus money. He just refused the unemployment portion of it.
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Old 03-13-2009, 05:23 PM
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But also props to him for having the forsight to see what a rocky road it was
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Old 03-13-2009, 05:49 PM
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Quote:
Originally Posted by rockdawg21
I didn't vote for the guy because it feels like he doesn't do anything for us, but he did something right this time!

http://www.texasinsider.org/?p=6291
So your only for people when they are in YOUR best interests, otherwise they can kiss your $@# huh.
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Old 03-13-2009, 05:54 PM
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Originally Posted by logrus
So your only for people when they are in YOUR best interests, otherwise they can kiss your $@# huh.
This stimulus is a short term fix that, in the long run, will only leave us worse off than we are now. So, rejecting it is within the best interest of ALL Americans.
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Old 03-13-2009, 06:04 PM
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Quote:
Originally Posted by logrus
So your only for people when they are in YOUR best interests, otherwise they can kiss your $@# huh.
Nate made 1 point that I was going to mention, so I'll just skip that.

But, I mentioned for "us" not for "me". Rick Perry does little to help fund education in this state, nor does he help fight for us to defend our borders. I'm not going to vote for somebody who doesn't make security and education a priority. Investing in education is a GREAT investment for our future future. Investing money in bad business is not a good future.
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Old 03-13-2009, 06:04 PM
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Quote:
Originally Posted by NateR
This stimulus is a short term fix that, in the long run, will only leave us worse off than we are now. So, rejecting it is within the best interest of ALL Americans.
I wasn't talking about the Stimulus package more then someone having a negative view about something til it fits them, then there all for the guy no matter their stand.

That be like someone loving a fighter cause of his success, but now hating him just cause he lost his last to fights to 2 tough opponents.

It's a classic example of jumping on the bandwagon.
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Old 03-13-2009, 06:05 PM
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Quote:
Originally Posted by NateR
This stimulus is a short term fix that, in the long run, will only leave us worse off than we are now. So, rejecting it is within the best interest of ALL Americans.
It's hard too tell, and way too early. The Great Depression lasted so long because of government disinterest coming from Hoover, according to many experts. At the same time, it took a ton of money, government government programs, and a world war to get us out of it.

My point? I'd rather see government projects. Even if the money being used doesn't spawn more spending and a revved up economy, at least we'll still see some benefits, whether they be usable bridges, or other public works.
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Old 03-13-2009, 06:20 PM
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Quote:
Originally Posted by Moose
It's hard too tell, and way too early. The Great Depression lasted so long because of government disinterest coming from Hoover, according to many experts. At the same time, it took a ton of money, government government programs, and a world war to get us out of it.

My point? I'd rather see government projects. Even if the money being used doesn't spawn more spending and a revved up economy, at least we'll still see some benefits, whether they be usable bridges, or other public works.
True, nobody knows the future, however, we do know some things for sure:

1. Nobody on this planet has $800 billion to loan us. So borrowing it is not an option. Which only leaves raising taxes or printing more money.

2. If Obama raised taxes to 95% of every American's income, it wouldn't even come close to paying off his stimulus plan in our lifetimes (that's not even counting the deficit and Bush's bank bailout.

3. Printing money will only devalue our currency and will lead to inflation and maybe even hyperinflation.

4. Even the Democrats are only 40% sure that this stimulus will even work, which is why they are talking about a second stimulus.

Historically, hard economic times force Americans into greater periods of innovation and progress. So maybe doing nothing is the best option for America in the long term. Sure it will be uncomfortable, but growth is rarely comfortable.
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