Behind closed doors: Conferees re-lard-up the porkulus

By Michelle Malkin  •  February 10, 2009 10:41 PM


A chicken inside a duck inside a turkey, all wrapped in bacon.

So, now what? The House and Senate have each passed their bloated stimulus packages. Who’s in the Capitol Hill backroom piling old and new chunks of bacon onto the legislative Turbaconducken?

On the Senate side, Democrats Baucus, Inouye, and Reid and Republicans Cochran and Grassley are the conferees. On the House side, it’s Obey (his pork-lobbying son is thrilled, I’m sure), Rangel, and Waxman and Republicans Camp and Lewis.

Here’s just a taste of the new special-interest goodies about to be crammed into the final bill:

General Motors Corp. may win protection from a tax liability of as much as $7 billion when Senate stimulus legislation moves to a conference committee, Senator Carl Levin said.

“There’s some strong feeling that it ought to be included in the conference report,” Levin, a Michigan Democrat, said of the protection in comments to reporters today. “There’s strong support for it.”

The $838 billion stimulus measure the Senate approved today doesn’t include the tax provision for GM, nor does the House version. A “technical change” that won’t increase the cost of the legislation could be added in the House-Senate conference committee before the proposal is voted on again in both chambers, Levin said.

Oh, and transparency, schmansparency:

House Majority Leader Steny Hoyer (D-Md.) this morning predicted that the House-Senate conference on the economic stimulus package could stretch well into next week, though he pledged that negotiations would begin almost immediately this afternoon after the Senate passes its version of the bill.

Hoyer said the two chambers would take “such time as we need” to get the bill right, suggesting the process could go on at least until Thursday of next week, when Congress is nominally supposed to be off for the Presidents’ Day recess.

He said the House would appoint its conferees this afternoon. As for the transparency of those proceedings, Hoyer said they would likely be open to the public but, as is usually the case with major legislation, much of the real negotiating will take place during pre-conference discussions.

“I don’t have any reason to believe the conference won’t be open,” Hoyer said. “I do have reason to believe that given the time frame available to us, once the Senate passes the bill I’m sure there will be a lot of discussions very quickly.

Senatus explains what’s next:

[O]nce the conference report is worked out, members of both bodies will have to take a final vote before the bill is sent to President Obama. In the Senate, that vote will almost certainly be subject to a sixty-vote threshold. Without the support of two Republicans, the package fails. If Ben Nelson dropped out, which seems unlikely at this point despite his comments, all three Republican votes would be needed to pass it.

Time to hammer the Turncoat Caucus as the conferees preside over the inevitable lard-up.

Posted in: fiscal stimulus

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Comments


  1. #1
    On February 10th, 2009 at 10:46 pm, It's Vintage, Duh said:

    Haha. Stop slandering the turbaconducken! :P

  2. #2
    On February 10th, 2009 at 10:49 pm, Sea_Dog said:

    It seems to me that the fastest way to stimulate the economy is to get the housing industry back on track. You build a house, you employ carpenters, plumbers, electricians, sheet rockers, roofers, painters, etc., and stimulate all the support industries.

    reference this site:
    http://www.time.com/time/magazine/article/0,9171,819953,00.html

  3. #4
    On February 10th, 2009 at 10:59 pm, hitcharide said:

    It seems to me the fastest way to get the economy back on track is for the government to stay the hell out of it. A general lardup of the housing industry will only result in houses that cost far more to build than to buy. Here in Ohio we have a LOT of foreclosures…my friend just bought a house, appraised at $179k last year for $63k…the bank alone lost over $40k on the deal with improvements they were forced to make in order to sell the place. Who makes up that 40k, I hope not the government! Recall the government, that managed the “war on poverty,” “the war on drugs,” public housing, medicare and so forth. The current crop of idiots we have in congress are the same idiots and shakedown artists that CAUSED this problem in the first place, so I must disagree with ANYONE who claims the government has any place trying to improve the economy. Our country has thrived and prospered most when taxes and spending were low, and when survival of the fittest applied to companies, and I can guarantee that if congress pushes through any legislation designed to “improve” the housing market, it will have the opposite effect. If they do nothing, I can see the market improving in three to five years; if they pass a lard-up, it will take much longer for existing housing to regain the value it had last year. The housing market was overvalued to some extent anyhow, not unlike the dot.com tech bubble that exploded some years back…..

  4. #6
    On February 10th, 2009 at 11:05 pm, Elm Creek Smith said:

    Senator “Chuckie” Schumer is dead wrong about the American people not being interested in “pork.” Thanks to the Turncoat Caucus (a nice turn of phrase that), the Democratic Socialist Party functionaries are free to load the this misbegotten monstrosity with the floor sweepings from an abattoir. All those unnecessary bits of gristle and more that Senator Collins (spit) was proudly able to get removed in her “moderate compromise” will be reinjected into the Generational Theft Act of 2009, and I have no doubt that the Turncoat Caucus will support it again as “the best that we can do to get the American Economy working, again.”

    This isn’t about the American Economy, anymore. The Democratic Socialist Party has determined that the best way to get what they’ve wanted for the past eight to twelve years is to wield the politics of fear and to consolidate their power which is the primary goal.

    I fear that the Democratic Socialist Party will consider resistance to the “needs of Da One” to be subversive and move to remove the means to resist. The “[un]Fairness Doctrine” and an expanded, arbitrary “assault weapons” ban with a national ban on concealed carry, both administered by appointed bureaucrats will be their tools of choice.

    It may take decades, if ever, to repair the possible damage to our economy, our Constitution, and our way of life. I may not see it, but I shall work for it. The resistance is here. The resistance is now. Resist!

    ECS

  5. #8
    On February 10th, 2009 at 11:21 pm, Paul Revere said:

    They’ll bring home the bacon while we fry in the pan1

  6. #9
    On February 10th, 2009 at 11:29 pm, maine yankee said:

    If a bank stops getting hand outs, and is not allowed to sell ‘toxic’ loans to uncle sam, they’ll start writing good mortgages to qualified borrowers in order to make money.

    When we stop propping up wall street, and allow bad companies to fail, people will start putting money into the quality companies that were smart enough to survive.

  7. #10
    On February 10th, 2009 at 11:53 pm, Ed Mahmoud abu al-Kahoul said:

    It doesn’t matter how bloated it gets, the Treason Trio enjoy being the center of attention, and power that comes from being the go-to backstabbers for Reid.

    Expulsion from the caucus. Now.

  8. #11
    On February 11th, 2009 at 12:18 am, Ron said:

    What about taking out the kill-grandma clause on national health care? Any move to take that out? You know, making sure only “cost-effective” care gets delivered by your doctor, who now will report to a Washington bureaucrat instead of an insurance company. I mean, we know government is so skilled at doing a top-flight job of managing everything it touches, right? Turns gold into s**t…

  9. #12
    On February 11th, 2009 at 12:19 am, Speakup said:

    You can trust liberals (and some Republicans) to stab us in the back, lie and follow their own agenda?

    Shokah.

  10. #14
    On February 11th, 2009 at 12:39 am, AlohaGuy said:

    It doesn’t matter how bloated it gets, the Treason Trio enjoy being the center of attention, and power that comes from being the go-to backstabbers for Reid.

    Exactly. The power is intoxicating. If a million constituents razed their offices, it would hardly matter – they get to do what they want despite the loud people.

  11. #15
    On February 11th, 2009 at 12:42 am, AlohaGuy said:

    And now you see why Inouye and his Danny DeVito twin Akaka keep being re-elected. The Power of Pork. You good people of America are probably about to fund a $4 billion dollar train for Oahu, and maybe half a dozen nuclear submarines.

  12. #16
    On February 11th, 2009 at 12:43 am, AlohaGuy said:

    Are the $64,000 tulip bulb buyers getting TARPed? They all died by the early 1700s, but surely we can track down their descendents using DNA ($80 billion) and make sure we reimburse them all for their investment stupidity.

  13. #17
    On February 11th, 2009 at 12:45 am, Wellsy said:

    I knew the final figure would be going up. If you add up TARP I, the Crap Sandwich, and half of the projected cost of TARP II, you get $2.5 trillion, THREE TIMES the cumulative cost of the Iraq and Afghanistan wars, all spent in the span of a few months, and all foolishly blown in a public display of “caring about the economy,” when the real goal is just to fund a bunch of liberal spending programs.

    $4 billion for community stabilization? What do you know, ACORN qualifies!

  14. #18
    On February 11th, 2009 at 12:51 am, simcoe said:

    NYT Business Report

    General Motors, which is borrowing $13.4 billion from the federal government to remain solvent, is pressing Congress to waive a tax liability of as much as $7 billion related to the overhaul plan that it is completing this month, people with knowledge of the discussions said on Sunday.

    The tax bill, which could be enough to force the company into bankruptcy, would be a consequence of the terms that the Treasury Department required as part of the rescue package approved last month…. In accepting the loans, G.M. pledged to persuade its creditors to swap a large chunk of the automaker’s debt for equity in the company.

    The equity-for-debt exchange is aimed at ensuring G.M.’s viability in the future, but under corporate tax law, the swap would amount to debt forgiveness and count as income for G.M. The resulting tax bill could take G.M.’s cash level below the minimum needed for daily operations.

    G.M. is lobbying Congress to reduce or eliminate the tax liability, said people with knowledge of the effort, who spoke on the condition of anonymity because the discussions were private. The Detroit News first revealed the lobbying effort on Friday.

    The House last week passed an $819 billion package that includes help for American auto companies, and the Senate could take up the bill as early as this week.

    G.M. has raised the tax issue with key members of the Michigan Congressional delegation, including Senator Debbie Stabenow and Representative John D. Dingell, Democrats who have been outspoken advocates for aid to the Detroit automakers.

    G.M. has until Feb. 17, when it is scheduled to receive the final $4 billion of its loan package, to submit a recovery plan to the Treasury. It must show progress in its restructuring by March 31 or risk having its loans recalled.

  15. #19
    On February 11th, 2009 at 1:19 am, GaMidnightRider said:

    Remember what Ronald Regan said were the scarist words you will ever hear:

    We are from the government, we are here to help .

  16. #23
    On February 11th, 2009 at 2:33 am, monotonousboy said:

    If Cornyn was nutty enough to vote to confirm Geithner, what chance do we have to oust these moderates from the GOP. After all, this guy is the chairman of the NRSC.

  17. #24
    On February 11th, 2009 at 2:37 am, dadinseattle said:

    This bill disguises the more insidious government socialism takeover, with pork galore.
    Increasing government intervention control in numerous ways.
    The provisions for census and medical records mandates are very disturbing.
    Part of the Cloward-Piven strategy that Acorn and Obama have a history of employing is to effect radical change by overwhelming existing institutions.
    http://www.americanthinker.com/2009/02/the_clowardpiven_strategy_of_e.html
    The ultimate goal behind the CRA was not low income housing but radical upheaval and they are not going to pass up on this crisis opportunity.
    This bill attempts to slam the door on capitalism and some provisions attempt to lock the door for good.

  18. #25
    On February 11th, 2009 at 3:35 am, RetFireman said:

    New Zealand. Im thinking New Zealand. Either that or Australia. I understand the women there LOVE American men.

  19. #26
    On February 11th, 2009 at 3:53 am, graysonret said:

    Nah, RetFireman. Indonesia. Get yourself a nice bar/cafe on a nice beach near Bali (for example) and spend your years relaxing in the sun. It’s called, “going bamboo”. Malaysia isn’t bad either. Been there;nice inexpensive country. Some have gone to the Philipines. Personally, a nice island, like Yap, would be nice for me. I can get the Sunday NYT air-delivered, for laughs, while I keep the beer stocked and check on the local fishing catch.

  20. #27
    On February 11th, 2009 at 6:04 am, tpitman said:

    G.M. is lobbying Congress to reduce or eliminate the tax liability

    Why don’t they just give Geithner a call? He knows how to “reduce” or “eliminate” a tax liability. Or get Daschle to lobby his buddies in the Senate on GM’s behalf. He’s a regular H&R Block when it comes to tax questions.

  21. #28
    On February 11th, 2009 at 6:49 am, zorro said:

    Arlen Specter’s DC phone finally rang late last night. It had been “busy” for days. Unfortunately, his voice mail box was full and then automatically disconnected! I have never received an acknowledgement from emails to his office. Question, is he a monk or a coward?

  22. #30
    On February 11th, 2009 at 7:21 am, bansharia said:

    Zorro,
    arlen is a selfcentered jerk. 4give me but I can’t say much more without being blocked for vulgarity…..

    sidenote to TAXCHEAT stampers:
    buy a stamp local you will save aprox 5$
    and help a local bizgal/man out.
    ( nothing personal tax stamp website but thats a damn big profit margin!)
    and that is excluding profit margin local gal/guy has….

  23. #31
    On February 11th, 2009 at 7:32 am, jjmurphy said:

    This isn’t about the American Economy, anymore.

    Actually, for the collectivists it never was about the economy. The “crisis” was a gift from “somewhere” that they saw as their perfect opportunity to shove collectivism down our throats. They are not about to let a good crisis go to waste, per Rahm E.

  24. #32
    On February 11th, 2009 at 8:05 am, ctmom said:

    I hope Michael Steele has a nice clear copy of Schumer saying Americans don’t care about pork. It needs to be made in a commercial and played in a loop when Schmukie is up for re-election.

  25. #33
    On February 11th, 2009 at 8:14 am, bansharia said:

    JJ,
    obambi and the dem slacks HATE AMERICA.
    WHO front ran banks and GE stock prior to yesterdays TAXCHEAT’s we don’t know what we are doing or when but it will cost 2 trillion charade?
    We do know that the info is being disseminated privately to corporate and institutional investors, as many of them are involved in the “solution” process.
    WHO is front running the market and dumping on every single “bailout” announcement???

    This is not a new query, altho more are discussing as the pattern is more obvious than …….

  26. #34
    On February 11th, 2009 at 8:18 am, iamsaved said:

    Obama and the talking heads keep saying this is no time to play partisan politics. If you look at the No votes above, does anyone see one Democrat listed? I don’t. I’d call that partisan politics to the extreme.

    Surely there has to be at least one democrat that lives in a moderate community where the constituents are against this run on pork bellies.

    When eating this pork roast (reading the stimulus plan), one keeps pulling buck shot (stealth legislation) out of the tainted morsels. No wonder people are suspicious of what the Dems are trying to pull on the American public.

    I have no problem with a stimulus plan that stimulates. What I have a problem with are all the social engineering programs the Dems are trying to get funded by skirting the legislative and appropriations process to get them enacted. All they are are all the liberal social programs the Dems have wanted passed for years but couldn’t get them through. This is all of that pent up frustration coming to the forefront.

  27. #35
    On February 11th, 2009 at 8:20 am, bansharia said:

    CT,
    at the risk of sounding defeatist:
    Michael Steele can’t stop this train our enemy within knows they have a two year window and they are making the most of it.
    What they grossly miscalculate is who Americans are. WE shall simply as is our RIGHT go back to square one.
    how is that for a euphamism ;) snicker

  28. #36
    On February 11th, 2009 at 8:24 am, bansharia said:

    IAM,
    but they are using the legislative process ( as it has become ).

  29. #37
    On February 11th, 2009 at 8:28 am, conservativesRus said:

    General Motors Corp. may win protection from a tax liability of as much as $7 billion when Senate stimulus legislation moves to a conference committee, Senator Carl Levin said.

    But wait: I thought VP Biden stated that paying taxes was patriotic. So don’t we want GM to be patriotic?

    O/T but close rant: I understand completely why Ford doesn’t want government money. The less government money they have, the less gov’t has “say-so” over their activities. My company recently had opportunity to receive a sizable grant from the state – but we declined to take it (hopefully) to slow down the bureaucrats attempts at control of what we do, to whom we do it, who we employ to do it etc. All we (don’t) need is for some bureaucrat deciding who we hire next.

  30. #38
    On February 11th, 2009 at 8:37 am, conservativesRus said:

    On February 10th, 2009 at 10:49 pm, Sea_Dog said:
    It seems to me that the fastest way to stimulate the economy is to get the housing industry back on track. You build a house, you employ carpenters, plumbers, electricians, sheet rockers, roofers, painters, etc., and stimulate all the support industries.

    That my friends is vintage silly.
    What is special about a house? What if I want to buy an airplane. To get an airplane, it takes lots of workers all over in a myriad of industries. Not only that, far fewer low skilled illegals can be employed building an airplane than to build a house.
    What is special about a house again?
    Further – do the rules of supply and demand apply to houses? I’d venture to say they do. So why are houses falling in value? How about supply has outstripped demand. (Admittedly government artificially raised demand previously so the crash was/is exacerbated..but fact is, supply is more than demand and therefore, prices fall)
    SeaDog – please leave economics to those who understand.

  31. #39
    On February 11th, 2009 at 8:46 am, conservativesRus said:

    On February 11th, 2009 at 3:53 am, graysonret said:
    …Indonesia. …Malaysia

    It’s all sunshine and sand till some servant of Satan (Islam) decides he’s going to get his bonus points (extra virgins) and kill the infidel.
    I’ve spent lots of time in both and while I loved both places, it was a different time where things seemed a bit more stable with the religion of pieces a bit more ?tolerant?

  32. #40
    On February 11th, 2009 at 8:48 am, BOB said:

    On February 11th, 2009 at 7:32 am, jjmurphy said:
    This isn’t about the American Economy, anymore.
    Actually, for the collectivists it never was about the economy. The “crisis” was a gift from “somewhere” that they saw as their perfect opportunity to shove collectivism down our throats. They are not about to let a good crisis go to waste, per Rahm E.

    Was the crisis deliberately caused to insure the Obama/Socialist victory? I wonder if the day of the huge, “it’s all over it we don’t do something” banking crisis that started all of this was a day created by the enemies of America to defeat her? If so, it worked like a charm.

  33. #41
    On February 11th, 2009 at 8:53 am, jjmurphy said:

    What they grossly miscalculate is who Americans are

    bansharia – I am afraid I can’t use the phrase “We Americans” anymore. This country is now split between the 52% who voted for socialism and the 48% who voted against it. The two are different types of “Americans”. I side with the 48% of Americans. I’m not sure what to call the 52%.

  34. #42
    On February 11th, 2009 at 8:55 am, jjmurphy said:

    Was the crisis deliberately caused to insure the Obama/Socialist victory?

    Bob – I am really beginning to wonder about that. The timing of too many events was way too convenient.

  35. #43
    On February 11th, 2009 at 9:07 am, iamsaved said:

    But wait: I thought VP Biden stated that paying taxes was patriotic. So don’t we want GM to be patriotic?

    Joe Biden is a cheapskate if ever there was one. Not only is his charitable giving an embarassment, he moved to Delaware where they don’t even have a sales tax. How patriotic is that?

  36. #44
    On February 11th, 2009 at 9:08 am, jangar said:

    On February 11th, 2009 at 8:18 am, iamsaved said:
    Obama and the talking heads keep saying this is no time to play partisan politics.

    Remember Rule #1: Republicans who don’t give into Democrat crap are ‘partisan’, and Republicans who cave into Democrat crap are ‘bi-partisan’.

  37. #45
    On February 11th, 2009 at 9:10 am, jangar said:

    murph said: I’m not sure what to call the 52%.

    Stupid.

  38. #46
    On February 11th, 2009 at 9:15 am, Misscheryl said:

    What infuriates me is this “recession” was conjured up by the democrats. Unless you were old enough to be aware of your surroundings in the late 70s and early 80s and paying attention – this is nothing comparatively. (You remember – when Carter was the president.) The situation we are in today is artifical fear mongering by dems who have been talking recession in an effort to hurt republicans and Bush. It’s completely a power grab and I don’t know where it will end with dems controlling the house and a dem president. His activity in the first 3 weeks of his presidency is down right scary. Was Timmy boy even old enough to know what a real recession looks like and why they happen? I am sick of the rhetoric about how we are in dire straights and the world will end if we don’t buy their power grab hook, line and sinker. BUT, I see it working on the American people. They keep talking about how bad the economy is – heck, I just don’t see it.

  39. #47
    On February 11th, 2009 at 9:18 am, sonofdy said:

    I wish I could say I am suprised.

  40. #48
    On February 11th, 2009 at 9:20 am, FamilyMan said:

    jjmurphy said:
    Was the crisis deliberately caused to insure the Obama/Socialist victory?
    Bob – I am really beginning to wonder about that. The timing of too many events was way too convenient.

    I’m not prone to conspiracies and I seldom listen to Rush L. but his commentary concerning the run on the money market was a little strange.
    http://www.rushlimbaugh.com/home/daily/site_021009/content/01125106.guest.html

  41. #49
    On February 11th, 2009 at 9:26 am, tiredofit08 said:

    $246 million tax breaks for hollyweird producers to buy movie film…oh how wonderful….

    quote of the day:

    and for the quote of the day……..

    “We cannot expect Americans to jump from capitalism to communism, but we can assist their elected leaders in giving Americans doses of socialism until they suddenly awake to find out they have Communism.

    - Khrushchev
    former Russian leader

  42. #50
    On February 11th, 2009 at 9:28 am, jangar said:

    With the American people so dumb-downed on history, ethics, economics and good old fashioned morals, it’s really no wonder why Obama was such an easy sell.

  43. #51
    On February 11th, 2009 at 9:35 am, jjmurphy said:

    murph said: I’m not sure what to call the 52%.

    Stupid.

    Good one, jangar!

  44. #52
    On February 11th, 2009 at 9:43 am, jangar said:

    On February 11th, 2009 at 9:35 am, jjmurphy said:
    murph said: I’m not sure what to call the 52%.
    Stupid.
    Good one, jangar!

    Perhaps a little harsh…

    Ignorant.

  45. #53
    On February 11th, 2009 at 9:45 am, Wethal said:

    Susan Collins got a plum seat on the Senate Appropriations Committee in exchange for her vote. Since she’s got it, would she stil back out? I doubt they could remove her now.

  46. #54
    On February 11th, 2009 at 9:52 am, FamilyMan said:

    I’ve been trying to drive the point home for several months on this blog that the monetary systems and all international markets are 20% reality and 80% psychology. The entire fiscal crises we’re in was obviously manufactured. I’m afraid that the reason Obama was elected was a result of fear and the continued push for radical socialistic legislation is a continuation of that fear. I have many theories of who manipulate the markets last year but because the money involved was so vast, it could have only come from a country and not an individual.

  47. #55
    On February 11th, 2009 at 9:55 am, jangar said:

    On February 11th, 2009 at 9:45 am, Wethal said:
    Susan Collins got a plum seat on the Senate Appropriations Committee in exchange for her vote. Since she’s got it, would she stil back out? I doubt they could remove her now.

    Take note people…sells out America for simple pleasures and a bag of goodies. Same with the other 59.

    A complete disgrace.

  48. #56
    On February 11th, 2009 at 11:04 am, Misscheryl said:
  49. #57
    On February 11th, 2009 at 12:13 pm, nail49 said:

    Susan Collins got a plum seat on the Senate Appropriations Committee in exchange for her vote.

    All Judas got was 30 pieces of silver.

  50. #58
    On February 11th, 2009 at 4:48 pm, sonofdy said:

    I want a bacon sandwhich now.

  51. #60
    On February 12th, 2009 at 1:12 pm, FirstSkirt said:

    Truly a sad day for right-thinking Americans. We can’t find a single decent economist (somewho who understands this horrible economic mumbo-jumbo) who isn’t aligned with the Omessiah. The average American has no way to know what these cheats and liars are telling us–and I’m not talking about people who are dumb and don’t care. It is so convoluted, even the so-called “economists” don’t know. We are going to “lose” billions of dollars with no way to know where the moneyu went and to whom. This is financial terrorism, IMO! Robbing us to finance (read steal) demoncrats special interests is not hard to understand. Where the hell is Steele and the RNC in getting word to the public this is a major travesty. And, please, no more incumbents. Enough already!

  52. #61
    On February 12th, 2009 at 1:15 pm, FirstSkirt said:

    Oh – one other thing…..I don’t want to hear one single Republican utter the word “bipartisanship” ever again. Check Michelle M’s list–not one single demoncrat crossed the aisle.

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