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Old 07-11-2009, 09:32 AM
 
4,465 posts, read 6,999,829 times
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The first Stim was like fighting an apartment fire with a garden hose.

Yet, the consensus among corportae economists- both inside and outside the Admin- is that it has held unemployment down by a percentage or two.
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Old 07-11-2009, 09:33 AM
 
Location: Great State of Texas
86,093 posts, read 72,290,637 times
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That stimulus bill had any piece of pork that had been in Congress gathering dust for years attached to it.
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Old 07-11-2009, 09:33 AM
 
Location: Raleigh, NC
9,043 posts, read 11,567,954 times
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Quote:
Originally Posted by evilnewbie View Post
Huh? Unemployment reaching to 9.5% and possibly over 10% isn't a downturn? Wow...
saggy doesn't quite grasp the concept of subsumption. Hard to blame a DC beltway boy of being ignorant. Kind of like trying to blame a retard for eating paste.
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Old 07-11-2009, 09:33 AM
emh
 
298 posts, read 774,176 times
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Quote:
Originally Posted by sanrene View Post
That's what a true stimulus is about - implemented immediately, to actually stimulate. His rhetoric didn't jive with the bill. He said we must act now, yet the majority of spending will not take place until 2010+. He said we needed it to keep unemployment 8% and below, yet UE has surpassed even what he said would happen WITHOUT the stimulus. He lied.

It is clear, then and now, that this bill was not stimulative, even though it portrayed as such.
And how would you propose that be done? Hand out bags of cash to people walking down the street???

Even the republicans beloved tax cuts take time to work. There is no such thing as an immediate stimulus!!!
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Old 07-11-2009, 09:34 AM
 
Location: Great State of Texas
86,093 posts, read 72,290,637 times
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Quote:
Originally Posted by Geechie North View Post
The first Stim was like fighting an apartment fire with a garden hose.

Yet, the consensus among corportae economists- both inside and outside the Admin- is that it has held unemployment down by a percentage or two.
Well there is no way to prove that right or wrong.
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Old 07-11-2009, 09:35 AM
 
Location: Great State of Texas
86,093 posts, read 72,290,637 times
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Quote:
Originally Posted by emh View Post
And how would you propose that be done? Hand out bags of cash to people walking down the street???

Even the republicans beloved tax cuts take time to work. There is no such thing as an immediate stimulus!!!
Gosh..go take a look at China's stimulus..within 3 months it was felt by it's people. Over $500 billion and yes, it is working and started showing that it was working 3 months after it was put in place.
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Old 07-11-2009, 09:37 AM
 
Location: Great State of Texas
86,093 posts, read 72,290,637 times
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This is where Obama's 100 days comes into play. Maybe they saw what happened in China and ASSUMED the same would happen here.

They just forgot a few details....corruption, red tape and corporate interests
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Old 07-11-2009, 09:38 AM
 
4,465 posts, read 6,999,829 times
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Quote:
Originally Posted by evilnewbie View Post
Nope, I HIGHLY doubt Obama will go for plan B.... He will do another Stimulus and this time directly put money in LUMP sum into taxpayers pockets albeit a lot lower than what Bush had done... his $13 extra a week was idiotic... I didn't even feel the extra money or react any differently in having it... I didn't even notice there was a difference in pay each month... but he followed Keynesian/liberal logic and it didn't pan out... he then blames that it wasn't the logic that was flawed, it was the circumstances... right...

Obama has been to Keynesian Economics what George McClellan was to military generalship- half-arsed, at best. More like 1/8 arsed.

No Keynesian would have allowed TARP (a purely Friedman/Chicago School construct) to continue in the original form.

No Keynesian would allow the banks NOT to be nationalized; to own a major part of what was left of this country's industrial sector, and allow it to offshore.

No, Obama is not a Keynesian.

He is a corporatist; a trickle downer.

Clintonesque at best.
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Old 07-11-2009, 09:40 AM
 
4,465 posts, read 6,999,829 times
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Quote:
Originally Posted by HappyTexan View Post
Gosh..go take a look at China's stimulus..within 3 months it was felt by it's people. Over $500 billion and yes, it is working and started showing that it was working 3 months after it was put in place.

Of course we forget that the Depression has been the catalyst behind the ethnic warfare in the dictatorship's NW Provences.

And that China is parasitic in nature.
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Old 07-11-2009, 09:41 AM
 
Location: Wisconsin
20,339 posts, read 13,825,698 times
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Quote:
Originally Posted by saganista View Post
Maybe you could have read the bill? The Purposes section wouldn't have taken that long. Here it is...

SEC. 3. PURPOSES AND PRINCIPLES.
..(a) Statement of Purposes- The purposes of this Act include the following:
....(1) To preserve and create jobs and promote economic recovery.
....(2) To assist those most impacted by the recession.
....(3) To provide investments needed to increase economic efficiency by
.........spurring technological advances in science and health.
....(4) To invest in transportation, environmental protection, and other
.........infrastructure that will provide long-term economic benefits.
....(5) To stabilize State and local government budgets, in order to minimize
.........and avoid reductions in essential services and counterproductive state
.........and local tax increases.
In other words, it was not a stimulus bill, it was a bill to get a jump start on his green initiatives, fund his community organizing groups, and make a down payment on his health care program. And since it was never intended to stimulate the economy, he needs to claim what a failure it is was because the economy was worse then he thought, and now he needs a new stimulus plan.
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