According to the New York Times today, the Senate votes 70-28 to approve the $15 billion Democratic plan to try to spur job creation, as lawmakers hastened to demonstrate that they were taking steps to improve the nation’s employment picture. The measure would give employers a temporary exemption from payroll taxes for newly hired workers who had been unemployed for 60 days or more. It also seeks to spur spending on public works projects and to encourage business investment by accelerating tax write-offs. Considering that the unemployment rate is 9.7 percent, this vote could help for a little while, but it will not create jobs right away. In fact, 13 Republicans combined with the 55 Democrats for this to pass. At least there was finally bipartisanship in something. To me, this is sugarcoating the massive $787 billion stimulus plan that they passed last year to create jobs. The stimulus plan did not totally fail though. 95 percent of Americans have had their taxes cut and there have been an increase in jobs. That's these programs last for 5-10 years, because nothing works right away. I hate to say this America, but you have to be patient for a little while longer.
Tomorrow will be the Health Care bill summit. Both Republicans and Democrats will have a bipartisanship meeting to try to agree on the new Health Care bill will be over $950 billion for 10 years that will cover 31 million uninsured Americans. It will also shed $100 million off the deficit, which is so high, I don't think it is a real number anymore. The Republican House bill will cost $61 billion for 10 years. On this new bill, the government will cover subsidies for abortions, something that was not in the previous bill. The Congressional Budget Office said the proposal could lead to lower premiums, in part by reducing the number of state-required benefits or increasing the number of relatively healthy people with insurance. Honestly, I think the Democrats should let the Republicans filibuster because it would make the Republicans look bad. Besides, the Democrats already look like morons trying to make a bipartisanship with the Republicans. The meaning of bipartisanship is dead. There is just a left and a right and they are not working together. It's like they are fighting over a jar full of cookies, they want more cookies than the other one. There are over 35 million Americans without health care insurance, just pass it or a different version already.
This week, the executives of Toyota is testifying in Congress about recalling the vehicles due to the poor functions of over accelerating in the acceleration pedal. The president of Toyota, Akio Toyoda says that he takes "Full Responsibility" when he appears before the House Committee on Oversight and Government Reform. In his statement, he says: “My name is on every car,” Mr. Toyoda said in the statement. “You have my personal commitment that Toyota will work vigorously and unceasingly to restore the trust of our customers.” Over three weeks ago, Toyota had to recall over two million vehicles due the the acceleration problem so they can find a solution. They suggested the owners of a Toyota vehicle to not drive the cars. The problem is, there is a possibility that the problem may not be solved quick enough. Personally, that is something that the government can't get involved in for too long. Just let the car company fix it internally and they can deal with it. There are too many thing to handle and Toyota is not one of those things. Just to think that I wanted a Toyota at one point.
My work in Multimedia and Advanced Reporting in 2009
Wednesday, February 24, 2010
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