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Old 07-20-2010, 05:15 AM
2,235 posts, read 1,957,421 times
Reputation: 461


Originally Posted by Frrrunkis! View Post
I absolutely agree that ARRA has been a complete failure. Has it done at least some good somewhere? Of course. But it was sold to us as a recovery package that would keep unemployment below 8%.
It's even more laughable than that - here's a CBS news article from Jul2009:

CNSNews.com - Unemployment Worse with Stimulus than Without (http://www.cnsnews.com/news/article/50521 - broken link)

That January outline predicted that with a stimulus bill, unemployment would be less than eight percent by the end of June 2009. Without the stimulus spending, unemployment was projected to rise to about 8.3 percent by June.


In fact, Obamaís own estimate shows that the economy might have fared better without any stimulus spending at all. Romer and Bernsteinís projections show that without a stimulus package, unemployment would rise to just above nine percent in December 2009, staying there through most of 2010 before falling off in early 2011.

As I keep saying, ARRA paid for the original UIC and COBRA. ARRA was "emergency spending". Pretty much everyone agrees that EUC is the most stimulative form of govt spending. So why can't those funds be "repurposed" to EUC extensions???

Old 07-20-2010, 06:00 AM
11,411 posts, read 31,080,744 times
Reputation: 7949

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Old 07-20-2010, 06:21 AM
143 posts, read 195,071 times
Reputation: 30
Today is the day.
Old 07-20-2010, 06:26 AM
5,346 posts, read 3,137,250 times
Reputation: 545
Is there going to be a last minute ammendment on the bill to address the 99ers?
Old 07-20-2010, 06:38 AM
143 posts, read 195,071 times
Reputation: 30
I doubt it. I haven't heard anything in the news about it. But you never know right?
Old 07-20-2010, 06:43 AM
143 posts, read 195,071 times
Reputation: 30
I love this:
"What the president isn't telling the American people is that many of us in the Senate are fighting to make sure our children and grandchildren aren't buried under a mountain of debt," said Sen. Orrin Hatch, R-Utah

So he'd rather a child suffer right now without a place to live, food on the table, clothes on his back. I'm sure if they correct politics in washington that they can lower the deficit. Stop lowering taxes on the wealthy they don't need it.
Old 07-20-2010, 07:28 AM
Location: US, California - federalist
2,795 posts, read 3,027,446 times
Reputation: 479
Our tax monies are supposed to be raised for the general welfare. If there is any question of where those monies are to come from to pay for social spending that promotes the general welfare, it should come from the Drug War.

Our federal Congress no longer has the power to Prohibit commerce among the several States since the repeal of the Prohibition amendment. The Drug War denies and disparages States' rights and should only be prosecuted where our federal Congress can "legislate in all Cases whatsoever": DC and other federal property. With greater fiscal responsibility, we could be providing for the general welfare while lowering our tax burden and deficits.
Old 07-20-2010, 08:06 AM
143 posts, read 195,071 times
Reputation: 30
Regional and State Employment and Unemployment Summary
Old 07-20-2010, 08:14 AM
225 posts, read 453,643 times
Reputation: 58
Remind me to send the Repubs an email if we pass this bill! GO HR 4213! I'm fired up!
Old 07-20-2010, 08:21 AM
225 posts, read 453,643 times
Reputation: 58
OMG. I love you Sen. Barbara Mikulski!!!!! "Unemployment Insurance, it's INSURANCE AGAINST UNEMPLOYMENT"!!!! Anyone else watching CSPAN2???
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