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The White House says the multiyear $814 billion stimulus program passed by Congress in 2009 boosted employment by 2.5 million to 3.6 million jobs and raised the nation's annual economic output by almost $400 billion. A recent study by two prominent economists generally agrees, crediting the pump-priming with averting "what could have been called Great Depression.
Of course the Republicans will never admit that they are attempting to bury the facts and their base is so gullible that when facts bite them on the butt, they don't recognize them.
Republican Economic Sabotage Continues
The firesale of budget-cuts and layoffs that we are witnessing across the nation at the state level are taking place now primarily because the stimulus funds which kept those states afloat have, for the most part, dried up. Some states, such as Florida, are still including stimulus funds in their budgets while their respective governors also claim that the stimulus didn’t work. If that’s truly the case, can we have the money back?
WOW! That is amazing! Just think - if we spend that much more, we can TEMPORARILY "give" people some work to do, even if it is totally meaningless work!
And as far as the UE rate, it is around 12% where I live - wh/ is interesting, seeing as all the BANK RELATED LAY OFFS had a lot to do w/ our UE rate here.
Let's spend a gazillion dollars again so we can pretend we have work for folks for a few weeks.
The White House says the multiyear $814 billion stimulus program passed by Congress in 2009 boosted employment by 2.5 million to 3.6 million jobs and raised the nation's annual economic output by almost $400 billion. A recent study by two prominent economists generally agrees, crediting the pump-priming with averting "what could have been called Great Depression.
Of course the Republicans will never admit that they are attempting to bury the facts and their base is so gullible that when facts bite them on the butt, they don't recognize them.
Republican Economic Sabotage Continues
The firesale of budget-cuts and layoffs that we are witnessing across the nation at the state level are taking place now primarily because the stimulus funds which kept those states afloat have, for the most part, dried up. Some states, such as Florida, are still including stimulus funds in their budgets while their respective governors also claim that the stimulus didn’t work. If that’s truly the case, can we have the money back?
Really ignorant to insinuate that because the link is not from yesterday that it is not true. How long has the right been decryng that the stimulus did not work? You are the one that is being disingenuous.
Funny how you do not address the fact that the right wing is destroying and sabotaging the economy by presenting not one jobs bill and going on vacation while the we have an FAA shutdown. You know full well that you are defending corruption and deceit. Shame on you.
The only ignorance I see on this thread is the claim that a posting from a year ago is being used to boast about the stimulus. Haven't we all learned that the interpretation of economic data is subject to change over time? And that 10 economists will come up with 11 different projections with the same data?
Hold up here, EVERYONE is on vacation, not just the RW. Where do you come up with this stuff? Shame on you for your lies.
Really ignorant to insinuate that because the link is not from yesterday that it is not true. How long has the right been decryng that the stimulus did not work? You are the one that is being disingenuous.
The only ignorance is from those who now a year later, still sit here telling people the stimulus worked, despite all of the evidenc around us showing otherwise.
Quote:
Originally Posted by sickofnyc
Funny how you do not address the fact that the right wing is destroying and sabotaging the economy by presenting not one jobs bill and going on vacation while the we have an FAA shutdown. You know full well that you are defending corruption and deceit. Shame on you.
You lying and making up things does not need to be addressed, but if you want me to address your LIES, I will.
According to lefties, the righties are full of greed, hate, will do anything to make money, and now we have you telling us that our primary in goal in life is to not make money, but to sabotage the economy. That seems rather stupid to go against our own greed, dont you think? The fact that we have a FAA shut down is because Democrats think its ok to subsidize some airports and pass the buck onto others. Another left winger shouting and screaming for fiscal iresponsibility, while bemoaning a responsible bill.
You will find ANY reason to ***** and moan about the GOP, one second they arent responsible, the next they are being too responsible. You flip flop more than a baby changes diapers..
Obama set the measure of success for the stimulus. Success= UE below 8%.
So by his own measurement, it was a miserable failure. UE remains over 9%.
Almost $1 Trillion thrown away on bad decisions.
And he laughs it up over those jobs "not being as shovel ready as we thought." Ha Ha, a real knee slapper. That furstrates me to no end- the casual hilariouness he finds in adding $800+ BILLION to the national debt and our children's future on a huge failure.
In the academic sphere, I have seen quite a few postdoctoral research positions over the last year. Tenure track positions are toast, but the research gigs are comparatively common. These would otherwise be a bunch of out of work PhDs. As to whether their research yields something useful, we will have to wait and see. I have also seen fire and forest fuels restoration jobs funded with stimulus. All these people are presumably paying for rent, groceries, a toy or two,etc. Not sure if the return is great, but they are indeed jobs.
This idiot blogger thinks those stimulus jobs were permanent, and three million people are current employed with stimulus money?? Those few jobs were brief, temporary, part-time, and...... they are all gone.
The US economy grew by 1.2%, even Cuba's economy grew by 1.5%.
$226k per job doesn't seem like money well spent. A market correction needed/needs to happen, hell if they let one happen back in 2001 we wouldn't be in the pickle we're now in. The Dems are fools, and the GOP will never admit that what they really have to offer is short-medium term misery for long term gain.
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