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Old 09-08-2011, 11:20 AM
 
Location: Chicagoland
41,325 posts, read 44,840,100 times
Reputation: 7118

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That didn't work last time.

Well, since it's basically a mini me of the first stimulus, we are guaranteed it WON'T.

Shovel-Ready, Take II: Would Obama Infrastructure Plan Create Jobs Now? - ABC News

Quote:
But economists on both ends of the political spectrum say infrastructure improvements might not make much of a splash in the short-term.

“It’s not good stimulus,” said Alice Rivlin, a Democratic member of the president’s Debt Commission and former head of the Office of Management and Budget.

A January 2010 Associated Press analysis of Recovery Act spending on roads and bridges “had no effect on local unemployment and only barely helped the beleaguered construction industry,” regardless of how many dollars lawmakers threw at the various projects.
SO......LET'S DO IT ALL OVER AGAIN!

Doesn't matter that it FAILED, it only matters that the intentions were pure and good.

Any chance obama will mention "shovel ready" or "stimulus" tonight?
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Old 09-08-2011, 11:22 AM
 
7,237 posts, read 12,705,479 times
Reputation: 5659
From the preview I saw, it looks like ARRA #2.

That ain't gonna cut it.

Problem with the ARRA is half of it was tax cuts, and as for the other half, majority of it went to simply plugging in budget holes versus directly creating jobs just for the unemployed.

Does anyone in Washington have a clue on how supply and demand works in economics?
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Old 09-08-2011, 11:24 AM
 
2,963 posts, read 6,243,928 times
Reputation: 1577
It will fail because:

1. Republicans will never pass a jobs program, even if it was 100% tax cuts
2. 300 bil is way too small. Needs to be 2 trillion+
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Old 09-08-2011, 11:26 AM
 
Location: Chicagoland
41,325 posts, read 44,840,100 times
Reputation: 7118
Quote:
Originally Posted by Majin View Post
It will fail because:

1. Republicans will never pass a jobs program, even if it was 100% tax cuts
2. 300 bil is way too small. Needs to be 2 trillion+
When will you understand? The American people are against spending trillions more in money we don't have.
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Old 09-08-2011, 11:30 AM
 
7,237 posts, read 12,705,479 times
Reputation: 5659
Quote:
Originally Posted by sanrene View Post
When will you understand? The American people are against spending trillions more in money we don't have.
If we were capable of printing out trillions of dollars for QE 1 and QE 2 to help the fat cats on Wall Street then surely we can find enough money to help the unemployed.
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Old 09-08-2011, 11:40 AM
 
12,997 posts, read 13,599,285 times
Reputation: 11187
Quote:
Originally Posted by sanrene View Post
When will you understand? The American people are against spending trillions more in money we don't have.
Yeah, when will you learn?!? Unless it's an unfunded war or prescription drug give-away, no dice!
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Old 09-08-2011, 11:42 AM
 
12,772 posts, read 7,938,398 times
Reputation: 4332
Quote:
Originally Posted by WestCobb View Post
Yeah, when will you learn?!? Unless it's an unfunded war or prescription drug give-away, no dice!
Dont forget about auto company bailouts to appease the unions too.
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Old 09-08-2011, 11:45 AM
 
Location: Chicagoland
41,325 posts, read 44,840,100 times
Reputation: 7118
Quote:
Originally Posted by 313Weather View Post
If we were capable of printing out trillions of dollars for QE 1 and QE 2 to help the fat cats on Wall Street then surely we can find enough money to help the unemployed.
Haven't we? 99 weeks not good enough for you?

How many more weeks? Maybe lifetime UE benefits?
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Old 09-08-2011, 11:52 AM
 
7,237 posts, read 12,705,479 times
Reputation: 5659
Quote:
Originally Posted by sanrene View Post
Haven't we? 99 weeks not good enough for you?

How many more weeks? Maybe lifetime UE benefits?
A solid job creation plan that actually puts money into the pockets of the unemployed (without them worrying about it running out) and that helps to re-train them to do the jobs employers supposedly say they can't fill would be enough.

EDIT: A plan like Germany's would work too.
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Old 09-08-2011, 12:11 PM
 
Location: the very edge of the continent
88,681 posts, read 44,444,073 times
Reputation: 13581
Quote:
Originally Posted by 313Weather View Post
A solid job creation plan that actually puts money into the pockets of the unemployed (without them worrying about it running out) and that helps to re-train them to do the jobs employers supposedly say they can't fill would be enough.
That would actually require that all students have access to an academically demanding education via school choice/vouchers, which the Democrats won't allow.

The Dems want to keep students trapped in horrendous public schools. Keeping them dumb and dependent creates the demand for a bigger government and more economy-stripping government sector jobs that must be paid for via tax dollars.
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