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Back in February 2009, the Obama Administration promised the American public that after their nearly trillion dollar stimulus took effect, the unemployment rate would drop down to 5.2% at the end of his first term.
Today it’s over 8%
The White House's famous graph projecting with and without the stimulus:
Obama tried to convince America that they could spend their way out of recession.
The famed Rosy Scenario, coined in the early days of the Reagan White House when large tax cuts and higher defense spending were assumed to be paid for in part by strong economic growth, is a cornerstone of the Obama administration’s first multiyear budget.
After contracting at a 1.2% rate in 2009, a more modest drop than the Congressional Budget Office and Blue Chip Consensus forecasts assume, the White House sees growth domestic product growth snapping back by 3.2% next year and then 4% or higher the three years after that.
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The unemployment rate at the end of President Barack Obama‘s term in 2013 will be just 5.2%,according to the White House. The rate currently sits at 7.6%, and many economists expect it to climb past 9% before the recession ends. A report Thursday showing jobless claims at a 26-year high supports the more pessimistic forecasts, at least in the short run.
If Obama was working in the private sector he would have been canned a long time ago.
1 REASON THAT stimulus MONEY WAS WASTED WAS PEOPLE LIKE SENATOR Claire McCaskill of Missouri and her husband took $40 million of it for thier own businesses, (his family owns alot of senior homes & hud apartments) for work that was never done, and now she says oh, thye voted on it based on going thru it " LINE BY LINE". Guess she never wanted us, the voters to see it line by line either!!! That is 1 reason why she will lose to Todd Akin
No...I don't remember that one. I remember the stimulus that probably kept the economy from collapsing.
Me too. I agree with the above. I know in my area we got a lot of construction via the stimulus that did put people to work. I actually received the position I have now (I had a different title and have since been promoted) due to stimulus money. I wish they had passed the Jobs Bill our company would be making a killing with that money and putting lots of money back into the community and contracting with various companies and individuals who woule have also been making money and putting it back into the economy via spending.
People who refuse to agree with leading economist that the stimulus did keep our economy from collasping are kidding themselves.
Prove it....oh you cannot...just more leftist crap...
Open your eyes or straighten your Tinfoil and just look around you. Our economy didn't collapse. We were very close. Read Bob Woodard's book and he talks quite a bit as to how bad it was and The Obama team said nothing and just went to work and saved us from what the REPUBLICANS DID!
Open your eyes or straighten your Tinfoil and just look around you. Our economy didn't collapse. We were very close. Read Bob Woodard's book and he talks quite a bit as to how bad it was and The Obama team said nothing and just went to work and saved us from what the REPUBLICANS DID!
Who said anything about the economy collapsing, prove the economy was going to collapse?
Just like the auto industry, Ford did just fine without the help of the government.
Open your eyes or straighten your Tinfoil and just look around you. Our economy didn't collapse. We were very close. Read Bob Woodard's book and he talks quite a bit as to how bad it was and The Obama team said nothing and just went to work and saved us from what the REPUBLICANS DID!
Ignorance is bliss....so you must be a very happy person!:
Things were terrible when I arrived, he says, thanks to Bush-era policies of tax cuts and deregulation. We stopped the decline, but the ditch was so deep that it will take time to get out. Still, we are making progress, even if it isn't as fast as everyone would like.
So the last thing we want to do is return to the failed Bush policies that, he says, drove us into the ditch.
But each part of Obama's argument is based on claims that are not accurate:
1) Bush tax cuts and deregulation caused the recession.
2) I stopped a second Great Depression.
3) My policies are working.
4) A slow recovery was inevitable.
5) Nobody could have done any better.
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Because of C-D's copyright rules, I cannot post the debunking of each of those 5 falsehoods above.
I advise you to follow the link and see for yourself that every single one of them is easily debunked and THOROUGHLY debunked.
There's even a graph to help the Liberal's understand:
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Our economy didn't collapse. We were very close. Read Bob Woodard's book and he talks quite a bit as to how bad it was and The Obama team said nothing and just went to work and saved us from what the REPUBLICANS DID!
