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Old 07-18-2010, 09:44 PM
 
Location: Chicagoland
41,313 posts, read 41,429,487 times
Reputation: 7108

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Quote:
Originally Posted by HappyTexan View Post
They've only SPENT 44% of it. The rest is either "in process" or not spent.
Obama even said not all would be spent up front and many criticized that move saying it wasn't really a stimulus if parts of it were getting put on the shelf for later.

And NOW Biden blames the GOP ?

While the Repubs may be the party of NO, the Dems are turning out to be the Party of "It's ain't my fault".

Almost 2 years in power and the Dems still won't take responsibility for their actions.

Graph of stimulus spending through 6/30/2010:
Stimulus Speed Chart
Instead of dipping into the unspent stimulus to fund violations of the pay-go law he wanted and signed, he and the dems want to continue adding to the deficit and debt.
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Old 07-19-2010, 10:51 AM
 
29,986 posts, read 39,405,401 times
Reputation: 12792
Quote:
Originally Posted by ovcatto View Post
Ya got ta love this, the "Let'em Fail" crowd now wants us to believe that if Obama had only wanted a larger stimulus, as economist such as Paul Krugman, Mark Zandi, Dean Baker, James Galbraith, Eileen Appelbaum, and J. Bradford DeLong, just to name a few, had argued that Obama would have been able to get it through the Congress. Of course those of us who don't suffer dementia remember clearly hard it was to get the paltry stimulus passed in the first place.
Less than 1/3 of the stimulus money has been spent. The only "jobs" created or saved are government jobs. Barry is holding back stimulus funds for more payback to his supporters (and their pet projects) come election time.
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Old 07-19-2010, 10:54 AM
 
Location: Sango, TN
24,874 posts, read 22,272,032 times
Reputation: 8654
Quote:
Originally Posted by lifelongMOgal View Post
Less than 1/3 of the stimulus money has been spent. The only "jobs" created or saved are government jobs. Barry is holding back stimulus funds for more payback to his supporters (and their pet projects) come election time.
I heard it was over 40% now.

Just for facts sake.
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Old 07-19-2010, 12:37 PM
 
33,415 posts, read 29,618,901 times
Reputation: 19929
Quote:
Originally Posted by Brave Stranger View Post
We are living through the "second Carter administration". The nation will be in shambles by 2012.
actually we are in the fourth wilson administration (FDR, carter, now obama).

Quote:
Originally Posted by domergurl View Post
Oh brother ... wow, I take a couple month break from this forum and I get replaced by the tinfoil hat society.

Shambles ... uh, yea, please tell me how your life has changed since Obama took office.

You have economists on both sides of the coin saying that it was too big and too small. What we've lost in this country, and I do blame the previous regime, is the middle ground and that is sad because most people here reside firmly in the middle ground.
Quote:
Originally Posted by Memphis1979 View Post
Wow, that politics.

Complete horse crap, but the right will say there should have never been a stimulus, and the left will say its wasn't enough.

Ain't politics grand.

Both sides are equally full of it.
the problem with the steal from us package is that it was never going to work like it was claimed to work. only 4% of the funds have been spent on so called shovel ready projects. the rest has been spent on crap like frisbee golf courses, and research programs that do nothing to create jobs. had the plan been crafted to actually spend money on infrastructure, like FDR did in the 30's, then perhaps the unemployment rate would be below 8% now. and if this was the only huge money program that congress passed, do a proper health care reform bill where competition was truly increased by allowing health insurance to be sold across state lines, among other low and no cost tiems, and perhaps the people would not be so upset at the administration.

Quote:
Originally Posted by Memphis1979 View Post
Why would they?

China is perfectly happy with their position in the world. Why upset the balance? Everyone is making money right now.

No one wants to rock the boat, by allowing a country of the size and importance of the United States to collapse.

Hell, our military alone prevents us from be allowed to fail. We'll get money from China for decades to come.
really? china is already starting to divest itself of US treasuries, and is making noises about not buying our debt in the future. even china is feeling the financial pressure these days.
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Old 07-19-2010, 01:29 PM
 
Location: Sango, TN
24,874 posts, read 22,272,032 times
Reputation: 8654
Quote:
Originally Posted by rbohm View Post
actually we are in the fourth wilson administration (FDR, carter, now obama).





the problem with the steal from us package is that it was never going to work like it was claimed to work. only 4% of the funds have been spent on so called shovel ready projects. the rest has been spent on crap like frisbee golf courses, and research programs that do nothing to create jobs. had the plan been crafted to actually spend money on infrastructure, like FDR did in the 30's, then perhaps the unemployment rate would be below 8% now. and if this was the only huge money program that congress passed, do a proper health care reform bill where competition was truly increased by allowing health insurance to be sold across state lines, among other low and no cost tiems, and perhaps the people would not be so upset at the administration.



really? china is already starting to divest itself of US treasuries, and is making noises about not buying our debt in the future. even china is feeling the financial pressure these days.
And the UAE is taking their place. A region so small, but with more money per capita than the average Chinaman.

They are buying up US stuff like hot cakes. (sorry, trying to find a link, I heard this on a news program this morning, they haven't posted transcripts yet.)
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Old 07-19-2010, 06:25 PM
 
Location: Turn Left at Greenland
17,700 posts, read 36,858,115 times
Reputation: 8074
Quote:
Originally Posted by rbohm View Post
actually we are in the fourth wilson administration (FDR, carter, now obama).








really? china is already starting to divest itself of US treasuries, and is making noises about not buying our debt in the future. even china is feeling the financial pressure these days.
Missed one!!!! 2 terms for Clinton! You do recall that he is a democrat right???

Come on ... China is on the verge of another revolution. It's a powder keg ready to blow. If they are divesting, it's because the peasantry class is mad as heck and they aren't going to take it anymore. The Chinese government has bigger fish to fry domestically.
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Old 07-19-2010, 06:28 PM
 
Location: Prepperland
15,221 posts, read 11,017,091 times
Reputation: 11977
A government spending to "make jobs" is like a snake eating its own tail. The faster it eats the smaller the snake becomes... until it suddenly DIES.

Government, a net consumer, feeds on the productive. The more it takes from the productive, and gives to the non-productive, the faster the nation declines.
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Old 07-19-2010, 08:08 PM
 
33,415 posts, read 29,618,901 times
Reputation: 19929
Quote:
Originally Posted by domergurl View Post
Missed one!!!! 2 terms for Clinton! You do recall that he is a democrat right???
actually i considered adding the clinton administration, as he did start out hard left, but he moved back to the center in 1995, and governed from there for the rest of his time in office. clinton while forced to work with the republicans, did work well with republicans for the most part.

Quote:
Come on ... China is on the verge of another revolution. It's a powder keg ready to blow. If they are divesting, it's because the peasantry class is mad as heck and they aren't going to take it anymore. The Chinese government has bigger fish to fry domestically.
really, and you have proof of this?
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Old 07-19-2010, 09:29 PM
 
180 posts, read 170,641 times
Reputation: 111
Quote:
Originally Posted by ovcatto View Post
Ya got ta love this, the "Let'em Fail" crowd now wants us to believe that if Obama had only wanted a larger stimulus, as economist such as Paul Krugman, Mark Zandi, Dean Baker, James Galbraith, Eileen Appelbaum, and J. Bradford DeLong, just to name a few, had argued that Obama would have been able to get it through the Congress. Of course those of us who don't suffer dementia remember clearly hard it was to get the paltry stimulus passed in the first place.
Exactly.

The stimulus size and the amount allocated to tax cuts (instead of infrastructure spending which has a greater impact on economic growth) was definitely the result of the administration trying to court Republican votes. Thats an obvious truth.

Its not the Republicans fault however. The Democrats should have had the cajones to push a proper stimulus bill through Congress. All the compromising got them was a nurtured bill and 3 lousy Republican votes. Bipartisanship is dead so stop trying to play that game.
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Old 07-19-2010, 09:33 PM
 
Location: Fargo, ND
1,034 posts, read 1,141,394 times
Reputation: 325
What else is new? The Democratic party and their leadership is just a giant joke. They are the party of no responsibility.
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