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Old 06-09-2010, 10:10 AM
 
69,360 posts, read 58,886,329 times
Reputation: 9373

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Study: Economy Shrank as Obama Stimulus Failed to Fuel Growth

Most economists believe the Great Recession ended in the summer of 2009 although a quick look at the numbers reveals President Barack Obama's stimulus measures, widely credited for getting the economy going again, really didn’t work.

In the third quarter of 2009, final gross domestic product growth came to 2.2 percent, according to government data, although when stimulus spending was subtracted from that figure and numbers show the economy contracted, the Big Picture reports.
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Old 06-09-2010, 10:21 AM
 
1,179 posts, read 877,613 times
Reputation: 390
We didn't sink into the Great Depression part II, which was a win as far as I'm concerned. I'm sure if he had taken the advice of the right wing zealots, let "everything fail", and our country went down the toilet you'd be applauding that right? Everybody here knows you'd be crying about that too. Man up, admit Obama is your president and move on.
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Old 06-09-2010, 10:25 AM
 
Location: Massachusetts
10,029 posts, read 7,610,824 times
Reputation: 4210
Quote:
Originally Posted by Feel The Love View Post
We didn't sink into the Great Depression part II, which was a win as far as I'm concerned. I'm sure if he had taken the advice of the right wing zealots, let "everything fail", and our country went down the toilet you'd be applauding that right? Everybody here knows you'd be crying about that too. Man up, admit Obama is your president and move on.

No- it's time for people like you to man up and admit that Obama is a disaster. How much more is it going to take before you will do that?
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Old 06-09-2010, 10:31 AM
 
Location: NW MT
1,436 posts, read 3,064,824 times
Reputation: 549
Quote:
Originally Posted by Rick Roma View Post
No- it's time for people like you to man up and admit that Obama is a disaster. How much more is it going to take before you will do that?
Never happen ! The "loyal to the king" types will always go down with the ship. Their captain can never do any wrong..... meanwhile the captain slips into the lifeboat just before the ship goes down !
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Old 06-09-2010, 10:42 AM
 
Location: Land of debt and Corruption
7,544 posts, read 7,664,053 times
Reputation: 2883
The stimulus, just like Obama's presidency, is a complete failure. Anyone who thinks otherwise is lying to themselves or just blind.
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Old 06-09-2010, 10:49 AM
 
Location: Holly Springs
3,960 posts, read 10,074,453 times
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....and let us not forgot the overwhelming majority of Congress. Our federal government is akin to a black hole sucking up everything within reach.
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Old 06-09-2010, 10:50 AM
 
Location: San Diego, CA
4,883 posts, read 7,678,979 times
Reputation: 1905
Given it's relatively small size (compared to the total economy) and the fact that 40% of it was tax cuts the stimulus has had a large effect on the economy and has created a great many jobs. Here in San Diego there is a large amount of hiring and contracting going on at the various military bases in the county primarily to build or work on stimulus funded projects. That some people are so blindly partisan that they continually refuse to acknowledge this obvious truth is sad. You folks should turn off the partisan radio shows and go for a walk outside or something.
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Old 06-09-2010, 10:52 AM
 
69,360 posts, read 58,886,329 times
Reputation: 9373
Quote:
Originally Posted by Feel The Love View Post
We didn't sink into the Great Depression part II, which was a win as far as I'm concerned. I'm sure if he had taken the advice of the right wing zealots, let "everything fail", and our country went down the toilet you'd be applauding that right? Everybody here knows you'd be crying about that too. Man up, admit Obama is your president and move on.
We were never going to sink into the Great Depression Part II, and it wasnt Obama that stopped "everyone from failing" it was Bush.. Bush created and overseen TARP. Obama overseen the stimulus.. TWO different programs, two different outcomes.. One successful, (by your own admission) one not so...
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Old 06-09-2010, 10:53 AM
 
12 posts, read 6,616 times
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When the reality of the stimulus' failure sinks in and the recession is back, the lows in the stock market from March will look lofty.
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Old 06-09-2010, 10:53 AM
 
Location: Tampa Florida
22,232 posts, read 16,349,538 times
Reputation: 4584
Quote:
Originally Posted by pghquest View Post
Study: Economy Shrank as Obama Stimulus Failed to Fuel Growth

Most economists believe the Great Recession ended in the summer of 2009 although a quick look at the numbers reveals President Barack Obama's stimulus measures, widely credited for getting the economy going again, really didn’t work.

In the third quarter of 2009, final gross domestic product growth came to 2.2 percent, according to government data, although when stimulus spending was subtracted from that figure and numbers show the economy contracted, the Big Picture reports.
Newsmax? I thought better of you.
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