I was reading the following transcript on www.rushlimbaugh.com and am slightly confused about how the stimulus package passed:
Nobody read it before they voted for it, not one Senator, not one representative, not one journalist, no one read it before they voted for it. The very people who said the housing crisis was because borrowers didn't read their mortgage terms, "What do you mean, you don't understand ARM? What is it about ARM you didn't understand?" "Well, you never pointed out to me that it was in the mortgage." "Well, we did tell you about it, we told you to read it, adjustable rate mortgage. Means the rate could adjust." "Well, nobody ever told me that. You're just a predatory lending bunch, that's all."
The same people, very people who said the housing crisis was because borrowers didn't read their mortgage terms now tell us they didn't read the Porkulus bill before they voted for it.
Lots of stuff to do today, folks. It's an amazingly active news day, despite the fact the president's on the third day of a vacation....What day did it pass? Friday, right? Government was going to end on Saturday, remember? And Pelosi had to get to Rome by Friday night. It was going to be a catastrophe, had to be signed, had to be done, still hasn't been signed, and Obama is headed back to Washington today from Chicago, then he's flying to Denver tomorrow.
Ummmmm, this doesn't really make a whole lot of sense.
I took the liberty of looking up the stimulus package bill and WOH!!! It's over 1500 pages long!! I found it under the following website: http://www.whitehouse.gov/the_press_office/arra_public_review/
Just for kicks, I started scrolling through it. On page H1336 it says that the the government will be giving $100,000,000 to the Office of Lead Hazard Control and Healthy Homes. Ok, not that I'm against making sure that lead isn't in products, but come on! $100,000,000 is A LOT of money to be giving away for the sole purpose of reducing lead in our homes. Where is the govenerment in preventing toy imports with lead!? I agree that lead can be a bad thing, but where exactly is all that money going to be spent?? Here is exactly what is written in the bill if you feel so inclined to read:
OFFICE OF LEAD HAZARD CONTROL AND
HEALTHY HOMES
For an additional amount for the ‘‘Lead Hazard
Reduction Program’’, as authorized by section
1011 of the Residential Lead-Based Paint
Hazard Reduction Act of 1992, and by sections
501 and 502 of the Housing and Urban Development
Act of 1974, $100,000,000, to remain available
until September 30, 2011: Provided, That for
purposes of environmental review, pursuant to
the National Environmental Policy Act of 1969
(42 U.S.C. 4321 et seq.) and other provisions of
law that further the purposes of such Act, a
grant under the Healthy Homes Initiative, Operation
Lead Elimination Action Plan (LEAP), or
the Lead Technical Studies program under this
heading or under prior appropriations Acts for
such purposes under this heading, shall be considered
to be funds for a special project for purposes
of section 305(e) of the Multifamily Housing
Property Disposition Reform Act of 1994:
So, this money is for research?? That's what I got out of it...
All this legal talk can get so confusing! It doesn't seem like this stimulus bill is all about stimulating our economy.
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