French78部落格

Dear Friends,

    在感動與佩服中,發現到不漏閣內能人異事已逐漸出現, 現代蘇武M.Christine更勝一籌,在艱困的環境下生活, 能創造出三隻小咩咩.  閣員阿毛姊神勇更不在話下, 東征西討(還有貴人相助)永不後悔的精神值得學習與讓人羡慕.

    但有一事, 編輯群要為其他閣員發聲, 希望毛姊能聽到:

     毛姊東征西討誠可敬,

     飛到彼岸談心事,

     JJ感動為其留新房,

     不必, 不必, 真不必,

     何不回到閣內來,

     辛苦心事說分明,

     閣內空房實在多,

     1,2,3,4,5,6,7…

     “毛姊奮鬥實錄”為房名,  

     如何?     毛姊?

     歡迎, 歡迎, 再歡迎  

                                    編輯小組  敬上

 Friends:     

How are you doing?  Humble editor of February 09, Gisele/Jolyn here wants to say "hello" and wish you all well!  Kung Hei Fat Choi!  Happy Year of Ox! Happy February!  One month gone, 11 months to come!  Like it or not, time flies and leaves no mercy to anyone.  So if you are determined to enjoy life, better start right NOW, make the best out of each single day from this moment on.

First of all, I like to share one article today, give you some ideas on the spending of the bailout money we got last year.  It is not something cheerful, but something hopeful this would be the beginning of stabilizing the ecnomy and turning things around.  

I am here encouraging all of you to jump in here and share your voices and thoughts, fun or useful experiences, tips for life, inspiring knowledges of all areas.  Conservatives or liberals, provocative or traditional, ... are all welcome as long as WE remain civil at all time.

Gisele/Jolyn

http://news.yahoo.com/s/ap/20090131/ap_on_go_pr_wh/obama_economy

Obama readies road map for new bailout spending

By PHILIP ELLIOTT, Associated Press Writer Philip Elliott, Associated Press Writer Sat Jan 31, 6:25 pm ET

WASHINGTON – President Barack Obama on Saturday promised to lower mortgage costs, offer job-creating loans for small businesses, get credit flowing and rein in free-spending executives as he readies a new road map for spending billions from the second installment of the financial rescue plan.

The White House is deciding how to structure the remaining half of the $700 billion that Congress approved last year to save financial institutions and lenders. An announcement was possible as early as this coming week on an approach that would use a range of tools to unfreeze credit, helping families and businesses.

At the end of a week that saw hundreds of thousands of people lose their jobs, Obama also used his Saturday radio and Internet address to tell that nation that "no one bill, no matter how comprehensive, can cure what ails our economy."

During the final three months of 2008, the economy recorded its worst downhill slide in a quarter-century, stumbling backward at a 3.8 percent pace, the government reported Friday. It could get worse.

Treasury Secretary Timothy Geithner is trying to finish a plan to overhaul the bailout program begun in the Bush administration. Geithner has said the administration is considering using a government-run "bad bank" to buy up financial institutions' bad assets. But some officials now say that option is gone because of potential costs.

Many ideas under consideration could end up costing hundreds of billions beyond the original price tag. Aides would not rule out the possibility that the administration would seek more than the $350 billion already set aside.

Obama said Geithner soon would announce a new strategy "for reviving our financial system that gets credit flowing to businesses and families. We'll help lower mortgage costs and extend loans to small businesses so they can create jobs. We'll ensure that CEOs are not draining funds that should be advancing our recovery."

He said his administration "will insist on unprecedented transparency, rigorous oversight and clear accountability so taxpayers know how their money is being spent and whether it is achieving results."

Obama's message, largely repackaged from a week of White House statements, was as much for the country as it was for lawmakers: Pass the separate American Recovery and Reinvestment Plan or things are going to get worse.

House Speaker Nancy Pelosi, D-Calif., and Senate Majority Leader Harry Reid, D-Nev., planned to discuss Obama's legislative agenda during a White House visit Monday evening, an administration official said.

"Rarely in history has our country faced economic problems as devastating as this crisis," the president said. "Now is the time for those of us in Washington to live up to our responsibilities."

Obama this past week won passage of a separate $825 billion economic stimulus plan in the House without a single Republican vote. It now heads to the Senate, where Vice President Joe Biden predicts the measure will fare better among GOP lawmakers.

Republicans pledged to work with Obama. But they cautioned against treating government spending like a "trillion-dollar Christmas list" and renewed their opposition to much in the bill.

"A problem that started on Wall Street is reaching deeper and deeper into Main Street . And the president is counting on members of Congress to come together in a spirit of bipartisanship to act," Senate Minority Leader Mitch McConnell, R-Ky., said in the GOP radio address. "Unfortunately, the plan that Democrats in Congress put forward this week falls far short of the president's vision for a bill that creates jobs and puts us on a path to long-term economic health."

Obama has signaled his willingness to compromise. His chief spokesman said the president hoped to "strengthen" the bill as it headed toward a Senate vote in the week ahead.

Republicans said they hope the administration takes into account their wishes.

"Every day brings more news of layoffs, home foreclosures and shuttered businesses," McConnell said. "And across the country, employers are cutting to the bone even at businesses that most Americans never thought were vulnerable."

Republicans, however, kept putting forward their own plans. McConnell promoted a mortgage program for creditworthy borrowers, offering fixed-rate 4 percent loans designed to increase housing demands and lending. 

-End-