(02-23-2009 02:43 PM)uhmump95 Wrote: I heard Jindahl on Meet the Press. He definitely sounded like he was playing politics to me.
I won't take this money because of the word "permanent", but I will take this money as the bill will get it to the state faster.
Jindahl is definitely spouting the party line.
If it wasn't for the fact he has to run for Governor of Louisiana in 2011, I am almost certain he would be the Republican nominee in 2012. I see him running for POTUS in 2016.
I don't want to belittle your opinion, but I think you're being a bit unfair in your characterization here.
I'm in the banking sector, and I have clients who took TARP funds, and now desperately wish they could give them back because they didn't read the fine print.
This is the same thing, but Jindal read the fine print. The $100mm is temporary funds... meaning a 1 time stimulus, that would require PERMANENTLY changing the laws of the state to accept... and having the state pick up the tab for the ongoing benefits now required by the changed law. I don't think it is unreasonable to expect that the increased obligation of the state would be equal to $100mm every 3 years since this $100mm is expected to be gone in 3 years... and those are PERMANENT expenses of the state. I don't know how you PV a permanent expense, but the PV of 33.3mm/yr hits $100mm pretty quickly. The cost of this $100mm is WAY more than that to Louisiana residents.
He isn't degrading the entire bill, he's degrading portions of it... and being pretty specific... like portions of the bill going into conference and coming out substantially different from what Congress actually voted on... and things like new government cars which I responded to in another thread... while the moderator mentions every Democratic talking point, from not having a problem with Bush's spending, but having a problem with this... and Jindal admits that Republicans are to blame for spending and many other things, but that doesn't excuse making the errors bigger.
Nagin's comments are typical and wrong... we'll take the money... any money we can get... and doesn't care what the fine print says.
We complain about the people who were "tricked" by those evil mortgage companies into signing papers that allowed rates to go up beyond their means to pay... and now we're allowing congress to do the same, and praising people like Nagin who don't care what the fine print is and cursing the guy who actually reads the fine print and sees that it may be beyond our ability to pay.
I wonder how many people posting opposition to guys like Jindal and seeing it only as political think that mortgage companies tricked people into buying more house than they can afford.