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The effects of the stimulus even in principle should just be barely noticeable right now.
Also, nobody has suggested that the stimulus was going to return the economy to full employment, rather to limit the damage.
For arguments sake lets say thats true...If Obama's Cap and "TAX" passes the senate...you can kiss any future recovery goodbye!!! whether you want to admit it or not ...
The stimulus is a joke the money is being p*ssed down special interest rat holes.
We need large scale projects like rebuilding our roads, highways, and bridges, here in Maine they have talked about an east-west highway from I95 to I87 in upstate NY, but this will never happen, instead they are building bike trails and boat ramps.
Understand that it is not an Obama news filtering any more than it was a Bush news filtering. The forces driving those slanted reports are in the boardrooms of the news media (like GE) and the big money that stands to lose if the shell game is exposed. Those forces took over much of the news back about the time that Cronkite retired, and have been making increasing inroads since then.
When Michael Jackson coverage on NBC news took up the entire evening news broadcast with the exception of about a two minute gloss of the other news, it is fairly obvious that "news" has turned to "newspeak."
i think that both presidents were beholden to special interests and the media is, in part, controlled by these big money interests. it has gotten so bad with the animosity between the media and the public that a CNBC business reporter went off on some bloggers, referring to them as "digital dickweeds", because they questioned his optimistic outlook on the economy
I do think Bush was in bed with special interests however, I highly doubt that Obama is... it just happens that Obama's interest are in line with what the special interests wants as well... I guess its just as bad but a bit different... the news media constantly paints an "optimistic" picture whenever I turn them on and blame the problems on the "recession"... they seem to want to make people think there are two things happening and everything can be blamed on the recession as if its a separate part of the "life"... its sort of weird using recession as a scapegoat while everything else is getting "better"... I know what my bills are, I know what my retirement portfolio is doing, I know whats happening outside, and I know what my plans are... its anything but optimistic... I "hope" it gets better but I "know" it won't...
U.S. employers have just slashed another 467,000 jobs, driving the official U.S. unemployment rate to 9.5 percent, its worst level in 26 years. If you include part-time and discouraged workers, 16.5 percent of America’s work force is now jobless!
Dow plunged 223 points on Friday and is now down nearly 500 points from its June high.
And all this pales in comparison to California’s fiscal disaster.
California has a GDP of $1.8 trillion, larger than the economies of Russia, Brazil, Canada and India. It’s America’s most populous state with 38 million people. And it’s in the final throes of financial death — bankruptcy.
In Governor's own words, “Our wallet is empty. Our bank is closed. And our credit is dried up.”
This week, the Golden State had no choice but to begin paying its bills with i.o.u.’s. Now, Moody’s and S&P are watching from the sidelines, poised to downgrade the state’s bonds by several notches to junk status in one fell swoop — a move that’s going to crush the tax-exempt bond market and could send stocks off the proverbial cliff.
The sad fact is, California could be just the first domino to fall in an avalanche of downgrades and defaults among cities, counties and states from coast to coast.
YUP...CNN...Every day looking brighter...
Last edited by tonyandclaire89; 07-03-2009 at 09:39 AM..
I'm a conservative, and I had NO use for GWB.......so it's not as simple as you believe. Obama is doing most everything wrong concerning how to get an economy up and running again. That's my issue with him
.
Brave Stranger...You dont understand...Obama knows exactly what he's doing...purposely destroying the private sector...so that he can model the US economy under a European socialistic model...
[quote=tonyandclaire89;9582868..If Obama's Cap and "TAX" passes the senate...you can kiss any future recovery goodbye!!! whether you want to admit it or not ...[/quote]
There is no good reason to believe this is true. Raising taxes, especially just on the rather high brackets has not been correlated with a decline in economic activity in the past.
The cap and trade system would at worst act as a small tax on people. Europe already has a working example, and Germany is able to have a robust export economy while still having a cap and trade system. The arguments that this would kill manufacturing, etc are baseless. Cap and trade was also used in the acid rain program.
This is a funny issue where the environmentalists and right wing-nuts are on the same side.
it is an issue where almost citizen is on the side against cap and trade, with government and specific big businesses on the cap and trade side. i guess we will see how it all plays out. all we can do is contact our representatives and demand that they vote against it, so the rest is up to them. there will be a backlash if they pass it, though.
one more time, here is the contact information for each senator by state. please take the time to contact your representatives and tell them to vote against this bill!
There is no good reason to believe this is true. Raising taxes, especially just on the rather high brackets has not been correlated with a decline in economic activity in the past.
The cap and trade system would at worst act as a small tax on people. Europe already has a working example, and Germany is able to have a robust export economy while still having a cap and trade system. The arguments that this would kill manufacturing, etc are baseless. Cap and trade was also used in the acid rain program.
This is a funny issue where the environmentalists and right wing-nuts are on the same side.
In Europe, cap-and-trade has failed to deliver on climate change. It yielded windfall profits for utilities, but few reductions in emissions or investments in clean technology. The European Environment Agency reported that emissions from factories and plants that trade pollution permits rose 0.4 percent in 2006 over the previous year, and 0.7 percent in 2007, the first two years of the system’s operations.
you have to wonder about any program titled EU Emission Trading Scheme........
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