Biden says stimulus plan won't include earmarks


Vice President-elect Joe "Give em' Hell" Biden says that the economic stimulus plan the new administration will put into law shortly after taking office won't include no stinkin' earmarks. The Wall Street Journal quotes (subscription required) Biden as saying that "There will be no earmarks in this economic recovery plan. I know it's the Christmas season, but President-elect Obama and I are absolutely determined that this economic recovery package will not become a Christmas tree."

I'll believe it when I see it. The $700 billion TARP bill was rejected by Congress once, only to be passed once it was brought to a new vote stuffed with pork: provisions tax savings for a manufacturer of "certain wooden arrows designed for use by children" and a convoluted change to tax policy on rum.

Obama and company have indicated that there is a rush to get a new stimulus plan passed and self-serving Congressmen and women will take advantage of that by larding the bill up with earmarks and then defying their colleagues and the President to prevent it from being made law. It won't happen.

I will be shocked -- shocked -- if the next stimulus plan makes it through with no earmarks.

Reader Comments (Page 1 of 1)

Symbol Lookup
IndexesChangePrice
DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 13, 2012: 04:58 AM

Hot Stocks

General Electric

18.875-0.255(-1.33)

Alcoa

10.29-0.35(-3.29)

Apple Inc

493.42+0.25(+0.05)

Google Inc 'A'

605.91-5.55(-0.91)

Bank of America

8.07-0.11(-1.34)

Wal-Mart Stores

61.90-0.06(-0.10)

Exxon Mobil Corp

83.80-1.08(-1.27)

Ford

12.44-0.25(-1.97)

Citigroup

32.925-0.735(-2.18)

IBM

192.42-0.71(-0.37)

Yahoo

16.14+0.14(+0.88)

Starbucks

48.82-0.38(-0.77)

Microsoft

30.495-0.275(-0.89)

Home Depot

45.33+0.06(+0.13)

DailyFinance Headlines

Benzinga Headlines

TheFlyOnTheWall.com Headlines

    BioHealth Investor Headlines

    WalletPop Headlines

    DailyFinance BlackBerry App

    My Portfolios

    Track your stocks here!

    Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

    BloggingStocks Partners

    More from AOL Money & Finance

    BioHealth Investor Headlines

    Page Loaded in 1329127094203 ms.