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While we would all love the recession to be over, it isn't.
The Obama administration claimed this week that $100 billion invested in innovative technologies under the economic stimulus law is "transforming the American economy" by putting the nation on track for technological breakthroughs in health care, energy and transportation.
Fact check..stimulus failed to kickstart the economy.
Now Uncle Ben is doing overt QE and more spending bills are being passed to save the same jobs that got saved last year.
While we would all love the recession to be over, it isn't. And while we would love (well, at least some of us) to see the stimulus money have a real and lasting effect on everything it touches, it doesn't.
The Obama administration claimed this week that $100 billion invested in innovative technologies under the economic stimulus law is "transforming the American economy" by putting the nation on track for technological breakthroughs in health care, energy and transportation.
But an examination of details in the 50-page report unveiled Tuesday by Vice President Joe Biden reveals something a bit different: a collection of rosy projections that ignore many of the challenges, pitfalls and economic realities in all those areas.
A look at how the administration's claims compare to the facts:
nice find.
Quote:
Originally Posted by Ultralight
3.3 milion jobs have been saved thanks to the stimulus according to CBO.
yeah and man has been to mars. since the 3.3 million saved or created jobs number has been debunked many times, the administration is now using the term "lives touched" instead.
Quote:
Originally Posted by Frank DeForrest
And I'm having dinner with Tiger's ex tonight.
LIAR!!! tonight is my night to be with her. yours is tomorrow night.
Ok, all this "stimulus money" saves jobs. And how exactly? Oh, because we hired back some teachers and "created" some other jobs. Uh, ok...You realize ofcourse, these "jobs" are tax payer funded positions? Meaning our tax dollars are going for these jobs. How long can we keep this up? Everytime someone loses a job, raise taxes? Once again people, read socialism. Its falling apart in Europe and this country is headed down the same road.
"The problem with socialism, is in the end, you run out of other people's money to spend." Margaret Thatcher.
Ok, all this "stimulus money" saves jobs. And how exactly? Oh, because we hired back some teachers and "created" some other jobs. Uh, ok...You realize ofcourse, these "jobs" are tax payer funded positions? Meaning our tax dollars are going for these jobs. How long can we keep this up? Everytime someone loses a job, raise taxes? Once again people, read socialism. Its falling apart in Europe and this country is headed down the same road.
"The problem with socialism, is in the end, you run out of other people's money to spend." Margaret Thatcher.
We know all this of course. Well, some of us know this.
The deadenders (die hard obama supporters) will continue to make excuses and say he farts butterflies.
From a stimulus standpoint, teachers' jobs are among the least "stimulative". A big chunk of the cash needed to employ a teacher goes to exorbitant retirement benefits.
Really? You have numbers on that?
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