Fact-challenged Bachmann wrong again (unemployment, money, supporters, rates)
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Michelle Bachmann tweeted that the US is getting trounced economically by Canada, which she says is recovering inspite of having "no stimulus" spending.
Wrong Michelle! Canada spent $360 million in stimulus money, half the US total, in a country 1/10th our size.
If Bachmann wants to be taken seriously as a candidate, she's going to have to stop pulling stuff out of her butt. She's entitled to her own (screwy) opinions, but not her own facts.
Lol, reading isn't your strong suit is it? And you make fun of Bachmann? I think you should sit in the corner and keep quiet. Re read the article and report your mistake back to the thread. Now go....
No, you're as wrong as she is. 360 million? Where'd you come up with that one? Did you read it in full? Apparently not. Here's the quote.
"As Bloomberg reported in January 2009, this stimulus was CAN$40 billion, equal in then-current exchange rates to US$32.6 billion, over two years (a similar period as Obama's US$787 billion stimulus). If we make further adjustments, using IMF data for each country from the year 2008 for purchasing-power parity, per-capita GDP, and the much larger population of the United States, this would work out as very roughly equal to a stimulus of over US$360 billion if it were done here."
It's really not that hard to comprehend, if you read what was written, is it?
directly from HER QUOTE
Quote:
Originally Posted by Gurbie
Fact-challenged Bachmann wrong again
Michelle Bachmann tweeted that the US is getting trounced economically by Canada, which she says is recovering inspite of having "no stimulus" spending.
Wrong Michelle! Canada spent $360 million in stimulus money, half the US total, in a country 1/10th our size.
If Bachmann wants to be taken seriously as a candidate, she's going to have to stop pulling stuff out of her butt. She's entitled to her own (screwy) opinions, but not her own facts.
360 million is half of 890 billion.........?????????
btw 1/10 of the spending would have been 8.9 billion...1/100th of the spending would have been 890 million...so they spent about 1/250th of the money for a country 1/10th the size(in population)....so if reality they really didnt have any stimulus spending
so I guess you are just as wrong as that politician.....
btw specify when you say size,, because geographicly canada is actually larger....I understand you meant population
Michelle Bachmann tweeted that the US is getting trounced economically by Canada, which she says is recovering inspite of having "no stimulus" spending.
Wrong Michelle! Canada spent $360 million in stimulus money, half the US total, in a country 1/10th our size.
If Bachmann wants to be taken seriously as a candidate, she's going to have to stop pulling stuff out of her butt. She's entitled to her own (screwy) opinions, but not her own facts.
I can't stand Bachmann but that is not really factually correct either. First, you need to change it to Billion but the story says it correctly.
Second we have to look at ALL of the money spent, not just direct "stimulus".
Economist Dr. Michael Hudson says it best.
"The government took over the mortgage lending guarantors Fannie Mae and Freddie Mac (privatizing the profits, “socializing” the losses) for $5.3 trillion – almost as much as the entire national debt. The Treasury lent $700 billion under the Troubled Asset Relief Plan (TARP) to Wall Street’s largest banks and brokerage houses. The latter re-incorporated themselves as “banks” to get Federal Reserve handouts and access to the Fed’s $2 trillion in “cash for trash” swaps crediting Wall Street with Fed deposits for otherwise “illiquid” loans and securities (the euphemism for toxic, fraudulent or otherwise insolvent and unmarketable debt instruments) – at “cost” based on full mark-to-model fictitious valuations.
Altogether, the post-2008 crash saw some $13 TRILLION in such obligations transferred onto the government’s balance sheet from high finance, euphemized as “the private sector” as if it were the core economy itself, rather than its calcifying shell."
Add to that the reduction in Social Security tax for 2011 is a multi billion dollar "stimulus", the billions being given to people in mortgage default, helping to lengthen the time they are in default and not paying a mortgage. All of these things add up to a lot more than $700 billion.
Michelle Bachmann tweeted that the US is getting trounced economically by Canada, which she says is recovering inspite of having "no stimulus" spending.
Wrong Michelle! Canada spent $360 million in stimulus money, half the US total, in a country 1/10th our size.
If Bachmann wants to be taken seriously as a candidate, she's going to have to stop pulling stuff out of her butt. She's entitled to her own (screwy) opinions, but not her own facts.
Michelle Bachmann tweeted that the US is getting trounced economically by Canada, which she says is recovering inspite of having "no stimulus" spending.
Wrong Michelle! Canada spent $360 million in stimulus money, half the US total, in a country 1/10th our size.
If Bachmann wants to be taken seriously as a candidate, she's going to have to stop pulling stuff out of her butt. She's entitled to her own (screwy) opinions, but not her own facts.
Bachmann has proven time and time again that she has uncotrollable diarrhea of the mouth syndrome. How shameful that she does not brush up on facts before she addresses the public. She's probably at least smart enough to realize that her supporters are more ignorant than she is and will stupidly take her word as fact.
Because we are stunned by how wrong he is. Apparently you share his reading problems!
I saw that too.
We spent a trillion dollars.
$360 million is one third of one percent of a trillion.
Is the cost of living that low in Canada?
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