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Much of Obama’s speech from last night was directly imported from other addresses. It was full of his usual tropes – strawmen characterizations of his opponents, a soaring paean to American greatness that only ever mentioned big government, and the typical denunciations of “politics as usual,” implicitly defined as everything that hurts his political prospects in 2012.
From construction, education, jobs programs, tax credits...TRIED.....and failed in the first stimulus, but being a democrat, that is the very reason to do more of the same.
That sentiment was echoed across numerous industries by executives in companies big and small on Friday, underscoring the challenge for the Obama administration as it tries to encourage hiring and perk up the moribund economy.
From construction, education, jobs programs, tax credits...TRIED.....and failed in the first stimulus, but being a democrat, that is the very reason to do more of the same.
Since a first stimulus, double the size proposed "new stimulus", failed dismally, one would expect the new stimulus to be only half the failure of the first. That is the best that we can hope for.
Sixteen months of Obama remaining. I hope that the nation can hang on.
The U.S. economy would get a boost of up to 2 percent under President Barack Obama’s $447 billion jobs plan, say economists at Goldman Sachs Group Inc., Moody’s Analytics Inc. and JPMorgan Chase & Co.
Mr Obama proposed not only extending a 2% payroll-tax cut scheduled to expire in December, but increasing it to 3.1%—half the employee’s normal contribution to Social Security. He also called for an equivalent 3.1% cut in the employer’s payroll tax for the first $5m of payroll, and elimination of the entire 6.2% tax on the wages of new hires or on pay raises for current employees. At $240 billion, those provisions account for more than half the plan’s price tag.
...
At $140 billion the bulk of the remaining money would be funnelled into public works and state aid. Mr Obama would send $25 billion to state and local governments to refurbish 35,000 schools and $35 billion to keep teachers, police and firefighters employed.
...
Republicans have branded Mr Obama’s previous stimulus a failure and have little vested interest in passing anything that helps him get re-elected. However, their calculus may be shifting. Congress’ approval ratings have fallen further than Mr Obama’s. Republicans paid a price for dragging the country to the brink of default in August in an effort to force Mr Obama to accept bigger spending cuts. A Wall Street Journal/NBC poll found voters blame Republicans more than Mr Obama for Standard & Poor’s subsequent decision to downgrade the country’s credit rating.
Yes, let's Mark Zandi, the Moody's analyst is a pro-obama minion. Surely you remember him? He told us what a good deal the FIRST stimulus was and then told us how successful it was.
A Keynesian FOOL if there ever was one.
Really unfortunate for you obama's is a national election, while Congress is local.
The dems are not likely to take back the House, the Senate will likely fall to the GOP.
On the deficit, which was at the heart of the pitched battle over the debt ceiling earlier this summer, Obama has reaped no dividends for trying to produce a compromise agreement with Republicans. Six in 10 disapprove of Obama’s work on the federal budget deficit, a percentage that is relatively unmoved in recent surveys and basically where it was a year ago.
Here is obama's main problem.
Quote:
That highlights a major disconnect between Obama and the public. Only 38 percent of those polled say they favor a larger government with more services, while 56 percent say they favor a smaller government with fewer services.
Epic, classic, major disconnect.
The country is tilting even MORE fiscally conservative and obama insists on keeping up the spending binge.
You really should get in the habit of actually READING the poll instead of trying to take a headline from it.
Like the wrong track number 73% - a direct reflection on the president.
In the same NBC/WSJ poll you cite, the democrats have pretty much the same numbers as the GOP.
One other little tidbit for you from the poll - voters would choose a republican over obama. So much for the GOP is in trouble narrative. The respondents also want the GOP to control congress.
All this with a party ID in the poll of a 9 point advantage for the dems.
As we can see, the AJA and the Failed Stimulus (AKA, ARRA) are one and the same.
Can you think of any reason we should repeat past failures?
I worked on several ARRA jobs during the summer of 2010. Then it all dried up.
Did you think they were permanent jobs ?
There was only so much money to go around for a limited time.
Few of the jobs generated consumer demand. Knowing they were temporary would put folks on the defensive and not want to spend whatever they earned.
From construction, education, jobs programs, tax credits...TRIED.....and failed in the first stimulus, but being a democrat, that is the very reason to do more of the same.
Oh, business says it will NOT allow them to hire.
Just more taxpayer money to prop up the unions.
I do not agree, and believe you are not seeing the whole picture, at least as I see it.
1st. I believe the first stimulus was successful in giving the US breathing room to regroup and step up to the plate to pursue our own solutions. Sadly, timid from past mistakes, we just sucked it up and sat on our hands. The childish behavior of the Republicans in Congress -- casting gloom and doom for the promotion of their own selfish motivations, didn't help promote progress or even confidence in Americans about their future.
2nd. Businesses need business to hire -- the danger of privatization in a capitalist society, so even with the stimulus they hold back. That is why the government expenditures on infrastructure based jobs is important.
3rd. Probably the most perfect piece of all, President Obama took all the components of his detractors -- their OWN proposed solutions, and bundled them into the package. All they have to do is put the money where they've only spewed before.
In short, he's said, "Okay, Congress, I am giving you what you've asked for, so now let's see what you can do -- you have my support."
So, my friend, let's see what the Congress can do to work TOGETHER for the benefit of the American people -- and not just their deep-pocketed lobbyists and special interest groups.
Few of the jobs generated consumer demand. Knowing they were temporary would put folks on the defensive and not want to spend whatever they earned.
Where is the logic in all this silliness ?
The bolded is a very good point.
Yeah, this "jobs" plan may not necessarily "fail," but it certainly won't be enough to fix the crisis.
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So much for the GOP is in trouble narrative. The respondents also want the GOP to control congress.
