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basically it's impossible for the administration to make the right move, right?
That's pretty much the whole point of the right-wing these days. It doesn't really matter what happens or why. Whatever Obama does will be found wrong, evil, greedy, stupid, wasteful, or whatever, by some means or other regardless. You can see some of that in the number of Catch-11's that pop up around here. A Catch-11, of course, is the half of an original Catch-22 that turns out to be more useful. Obama was supposed to jolt the economy, but he's going too slow. But if he were going any quicker??? Obama is worse than Bush. He was supposed to be so educated, but he's shoveling all this money out the door with no planning or oversight at all! He's just throwing money out of helicopters!
The Catch-11 people are of course the more rational of the right-wingers. There are those after all whose mindset would allow them to throw both the too slow and too fast accusations at Obama at the same time.
It's called a recovery and reinvestment act. The term "stimulus bill" is merely a catchword or buzzword that was invented for it.
American Recovery and Reinvestment Act of 2009
SEC. 3. PURPOSES AND PRINCIPLES.
(a) Statement of Purposes- The purposes of this Act include the following:
(1) To preserve and create jobs and promote economic recovery.
(2) To assist those most impacted by the recession.
(3) To provide investments needed to increase economic efficiency by spurring technological advances in science and health.
(4) To invest in transportation, environmental protection, and other infrastructure that will provide long-term economic benefits.
(5) To stabilize State and local government budgets, in order to minimize and avoid reductions in essential services and counterproductive state and local tax increases.
Quote:
Originally Posted by Wapasha
This really makes me wonder, why couldn't they have have passed a much smaller stimulus for 2009, like maybe $202.3 billion, and let us all catch are breath, and come up with a well thought out plan to actually coordinate a solid recovery. Instead, we got the the Henny Penny scare mongers screaming for us to hurry up, don't stop to even read the plan, just sign it and spend $800 billion.
The bill was worked on by a lot of people for months. Serious work began in September, then picked up further steam after the election. Much of the Xmas holiday period went to crafting and incorporating the additional tax cuts that Republicans said they wanted. Anybody who didn't know what was in the act at any point after its introduction was simply being lazy. Lawmakers do not typically read bills themselves in any case. They don't write them either, and most bills are passed without so much as being voted on. That's the way it works.
We're going to need some of that stimulus down the road when the payments on it come due. It's staggering how much debt has been added, and at some point it's got to be paid.
No, it never has to be repaid. It merely has to be serviced. We have never repaid the debt from the Civil War, from WWI, from the Depression, from WWII, or from any other time. Clinton did devote a few hundred billion of his budget surpluses to Public Debt reduction late in his term, but that idea was quickly scuttled after January 20, 2001.
Food stamps, infrastructure, unemployment insurance and relief to the states is all part of the stimulus.
Someone complained about Obama not creating jobs.
Quote:
The impact to employment would be an increase of 0.8 million to 2.3 million by the end of 2009, an increase of 1.2 million to 3.6 million by the end of 2010, an increase of 0.6 million to 1.9 million by the end of 2011
That is from your wikipedia link, whose source is the congressional budget office projecting the effects of the stimulus.
Why do so many of you live in a world of absolute where there is one answer?
There are times that government must spend, and there are times it must not spend.
Obama recognized that the only entity capable of spending in this economic collapse created by excessive greed in the free markets was the federal government.
Obama recognizes that, once the markets recover, the increased tax revenue will begin paying down this deficit. That is what he has committed himself to and that is what I hold him to.
It's called a recovery and reinvestment act. The term "stimulus bill" is merely a catchword or buzzword that was invented for it.
so 0bama was lying when he said his plan would "jolt the economy"?
Quote:
Originally Posted by saganista
American Recovery and Reinvestment Act of 2009
SEC. 3. PURPOSES AND PRINCIPLES.
(a) Statement of Purposes- The purposes of this Act include the following:
(1) To preserve and create jobs and promote economic recovery.
Good one, he will preserve jobs, so the folks who do not lose their jobs owe it to 0bama for saving their job. that is typical politician double speak. the rest of what you quoted is meaningless rhetoric and platitudinal.[/quote]
It is not government's job to create jobs, that is what we in the private sector do. Unless we all become government workers.
That's pretty much the whole point of the right-wing these days. It doesn't really matter what happens or why. Whatever Obama does will be found wrong, evil, greedy, stupid, wasteful, or whatever, by some means or other regardless. You can see some of that in the number of Catch-11's that pop up around here. A Catch-11, of course, is the half of an original Catch-22 that turns out to be more useful. Obama was supposed to jolt the economy, but he's going too slow. But if he were going any quicker??? Obama is worse than Bush. He was supposed to be so educated, but he's shoveling all this money out the door with no planning or oversight at all! He's just throwing money out of helicopters!
The Catch-11 people are of course the more rational of the right-wingers. There are those after all whose mindset would allow them to throw both the too slow and too fast accusations at Obama at the same time.
Very disingenuous statements. The conservatives disagreed with Bush many times, we are not partisan hacks. We will agree with 0bama when he does things we agree with, and just like with Bush, we will disagree with him when he goes off the deep end of big government tax and spend, socialist-like policies. Character and integrity matter, and so far 0bama has none of either.
we are getting ready for the meltdown. when we stop handing out what we do not have, it will indeed get rough.
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