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View Full Version : Bush Seeks More Dollars for GOP


Sean Connery
01-30-2008, 11:54 PM
oh god this makes me sick

http://www.time.com/time/nation/article/0,8599,1708475,00.html?xid=feed-rss-netzero

(TORRANCE, Calif.) — President Bush pressured Congress to jump-start the economy and pass free trade deals with U.S. allies on Wednesday while tackling one other piece of unfinished business: making millions for the Republican Party before he leaves office.
The president's popularity is sagging and the rise of Sen. John McCain's profile after his victory in Tuesday's Florida primary — coupled with Rudy Giuliani's exit from the presidential race — only underscore Bush's declining influence.

Yet, the two-term president remains the top moneymaker of the GOP. He is raking in at least $4.7 million for Republicans in a three-day swing through California, Nevada, Colorado and Missouri while highlighting themes of his State of the Union address.

Bush's push to get Congress to pass an economic stimulus package was fueled by Wednesday's report that the Gross Domestic Product in the final quarter of last year rose only 0.6 percent, half the pace economists expected.

"There are signs that our economy is slowing. There's some uncertainty in the economy," Bush told workers at Robinson Helicopter Co. in the Los Angeles area.

But he fended off fears of recession.

"In the long run, you've got to be confident about your economy," Bush said against a backdrop of red, orange and yellow helicopters polished to a high shine. "Inflation is down. Interest rates are low. Productivity is high. Our economy is flexible. It is resilient."

Bush praised the House for passing a $146 billion stimulus package, which has hit snags in the Senate.

"If you're truly interested in dealing with the slowdown of the economy, the Senate ought to accept the House package, pass it and get it to my desk as soon as possible," he said.

Back in Washington, Sen. Charles Grassley of Iowa, the top Republican on the Finance Committee, was breaking with the president and Senate GOP Leader Mitch McConnell, R-Ky., who both want the Senate to rubber stamp the same measure the House passed on Tuesday.

Grassley said he will support a bill by panel Chairman Max Baucus, D-Mont., that would pump $196 billion into the economy over the next two years. Grassley backs a proposal to add billions to the House bill to include senior citizens and the unemployed, change rebate amounts and deliver checks even to the richest taxpayers, who are disqualified under the House-passed measure.

"I understand people having their points of view, and we welcome points of view in Washington — there appears to be a lot of them up there," Bush said. "But whatever the Senate does, they should not delay this package. They should not keep money out of your pocket."

Bush also urged Congress to pass free trade agreements with Colombia, Panama and South Korea, which would curb tariffs on U.S.-made goods. Seventy percent of the helicopters Robinson makes are bound for foreign markets, including Colombia, where it has a service center and dealership. Under a free-trade agreement, Colombia would end its 10 percent tariffs on Robinson's helicopters.

Some Democrats have grown more skeptical of trade pacts considering soaring U.S. trade deficits and the loss of 3 million manufacturing jobs since 2000. Opponents of the deal with Colombia say the nation has not done enough to curb violence against union organizers, including a number of murders.

"It's going to be a tough vote," Bush said. "Some say trade hurts our economy. These are good, decent people. I just beg to disagree."

After his visit to the chopper factory, Bush was to attend a luncheon at the Los Angeles home of Robin and Elliot Broidy to raise about $1.7 million for the Republican National Committee. Later, at a dinner in Hillsborough, a Democratic enclave in the San Francisco Bay area, he'll be helping raise another $1.5 million for the RNC. Other fundraisers are scheduled during the next few days in greater Las Vegas, Denver and Kansas City, Mo.

At the factory, Bush was introduced by California Gov. Arnold Schwarzenegger, who said Robinson Helicopter was only one business in the state, which exports an estimated $130 billion in goods and services each year.

The movie star-turned-governor said he told Bush that he had learned to fly helicopters while making action films.

"So if you want me to take you on a spin on one, I'm more than happy to do that," Schwarzenegger said.

"I've got my own helicopter driver. Thank you," Bush joked.

Toby
01-31-2008, 12:16 AM
More importantly economically speaking, if the Federal Reserve, or Bush for that matter, says to the people that "you are in a recession", there will be a recession.

He is doing his best on the topic. Thankfully he might actually be capable of making some money in his last period of office, for which the people should be thankful that he is at least capable of maybe solving the rapid decline into "the point of no return".

I doubt however it will be made possible by passing the stimulus package, not saying it alone won't contribute much because it definitely will, but the low Dollar is best for the exports of the United States. If there is a resurge in the exports, and if the foreign investment funds from oil states such as Qatar and Norway keep pouring in, this fosters the sort of life-line of fresh cash flowing into the market that assures consumption will be able to refrain from dropping dramatically with price increases.

Admittedly the investors of the US made a few bad investments in the house-market, but the group "responsible" for such misplaced money, were lied to and for those who weren't, we are dealing with unprofessional investors; ie the average Joe.

But the average Joe gets one thing right: He consumes. He is the driving force of the machine capitalism is. Now more than ever, it is his responsibility to be as average as he can be.

dreams lie
01-31-2008, 01:05 AM
My parent's aren't very happy about being average Joes right about now. The housing market in some reports are expected to continue to decline all the way to 2010 and still going. Not very good news for people in Las Vegas.

AbnormallyNormal
01-31-2008, 01:07 AM
thats interestring, its probably because he is still popular among the rich republican elite, and he is the "leader" of the GOP still since he is president officially