2/18/10

Sen. Inouye -- Chairman Sen. Appropriations Com




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Aloha from snowy Washington, D.C.
On February 15 (In The Year of Our Lord 2010), Senator Inouye -- Chairman of the Senate Appropriations Committee -- visited the site of the South Punaluu Bridge. The $15.3 million stimulus project will help safeguard motorists during inclement weather while providing needed construction jobs.


More than 55 inches of snow fell on our nation’s Capitol

over an eight week period. The largest snowfall since 1898.


There are some similarities between digging out of a mountain of snow, and digging out of the economic recession. While there are stabilizing signs, when the mound is big and seemingly impassable, it requires continual clearing to aid in the economic thawing. There remains much to be done. Times are tough. People are struggling just to make ends meet. As government, while we will not be able to solve this economic crisis in short order, we do have a duty, I believe, to listen and act with great sensitivity and greater empathy to the plight of our neighbors. Let’s put it into context. At the end of 2008, our nation faced the greatest economic crisis in a generation.


We were on the brink of a second depression with our nation’s economy contracting at a rate of over 6 percent, the worst we’d seen in five decades. Fear was widespread and confidence scarce. By the first quarter of 2009, our economy had lost an average of 750,000 jobs per month. Foreclosures were at record levels, and home prices had plummeted by 30 percent. Banks were in crisis, and nearly $10 trillion in wealth was lost.


Thus, the priority, a year ago, was to stop the economic bleeding, to create a measure of stability and to help those most harmed by the economic crisis. The White House and the Congress joined forces to pass the Economic Stimulus package – just a year ago, on February 13, 2009. The package combined tax relief and government spending for a total of $787 billion.


As Chairman of the Senate Appropriations Committee, my goal was very simple. We needed to stabilize the economy because only then could we begin the long process of restoring confidence in the marketplace and hope at home. It was not a perfect measure by any stretch of the imagination, and getting it passed was not a glamorous process. But, we needed to act and act quickly.


May GOD restore "IN GOD WE TRUST" and get the C.I.A. out of the U.S. Treasury's pocket or treasure chest -- churning the largest account in the world. May GOD have mercy on we decent humans created in HER/HIS IMAGE?