The Dow Jones Industrial average plunged to its lowest level in six years yesterday, and all signs point to another lousy day on Wall Street today.
Tales from the Trail
In another first for the new First Family, President Barack Obama and his brood left the White House on Saturday for a helicopter trip to Camp David, the presidential retreat outside Washington.
WASHINGTON – Lots of spinning going on.
Morning TV shows had footage of a spinning shark twirling out of the water and a spinning small plane blown about by the wind upon landing. And sports fans looking forward to the spinning football at Sunday’s Super Bowl.
Beware any Republican who might fall for President Barack Obama’s sales pitch Tuesday for his $825 billion economic stimulus plan. A vote for the legislation will disqualify you from receiving the Club for Growth’s “Defender of Economic Freedom” award.
WASHINGTON – Barack Obama’s $825 billion plan to boost the recession-bound U.S. economy has some elements that, well, aren’t the sort of stimulus that House Minority Leader John Boehner says he can believe in.
“I’m concerned about the size of the package, and I’m concerned about some of the spending that’s in there,” Boehner complained Friday after a meeting at White House.
“How can you spend hundreds of millions of dollars on contraceptives? How does that stimulate the economy?”
Hundreds of millions of dollars on contraceptives?
The Ohio congressman’s office explains. One proposal included in the stimulus package would expand Medicaid family planning services to all 50 states.
The proposal would enable people who don’t qualify for Medicaid to receive the family planning services, including contraceptives.
“Whether or not you think that is good public policy, it has nothing to do with an economic stimulus,” a spokesman for Boehner said.
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