Obama Says U.S. Long-Term Debt Load ‘Unsustainable’
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so 0bama was lying when he said his plan would "jolt the economy"?
Do you mean this?
It is absolutely true that we cannot depend on government alone to create jobs or economic growth. That is and must be the role of the private sector. But at this particular moment, with the private sector so weakened by this recession, the federal government is the only entity left with the resources to jolt our economy back to life.
-- Barack Obama
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Originally Posted by Wapasha
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.
So, you really couldn't think of anything to say over the actual purposes of the so-called stimulus bill. Maybe your confusion was because you hadn't had time to read it yet.
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Originally Posted by Wapasha
It is not government's job to create jobs, that is what we in the private sector do. Unless we all become government workers.
So, you and Barack are kind of buddy-buddy then, I guess.
Last edited by saganista; 05-16-2009 at 08:03 PM..
Perhaps they seem so as they were about some rather disingenuous people.
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Originally Posted by Wapasha
The conservatives disagreed with Bush many times, we are not partisan hacks.
You can certainly seek to speak for yourself, but a number of the right-wing posters here are indeed partisan hacks.
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Originally Posted by Wapasha
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.
Where does the shallow end turn into the deep end? How do I know when we have crossed that line? How bad does a situation have to be before big government tax and spend socialist-like (?) policies are called for? The facts are that all sorts of people having all sorts of philosophies and perspectives agree that the economy is going through some very dark and potentially yet much darker hours, and that the only reasonable response is a very significant response. Should I gather that you do not share their sense of concern?
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Originally Posted by Wapasha
Character and integrity matter, and so far 0bama has none of either.
China has implemented a better stimulus than us. They actually ARE doing infrastructure work and creating jobs.
Their stimulus plan was indeed significant, but it took credit for sizable spending that wouild have occurred in any case. Ours included rather little of that. China actually has a very tough row to hoe. They must sustain higher levels of GDP growth than most countries in order to keep their potentially volatile middle class in tow. The US has been acting as its purchaser of last resort. With us less able to play that role, they will have some fine lines to walk along.
If you read the article you will see that US companies are benefiting more from the China stimulus than the American one since they are doing actual work and the money is being spent at the consumer/producer level. Washington and the states need to get off their butts and get this money out there. It can't languish in committees for months/years. The US doesn't have the luxury of waiting.
Snippets from that article I posted:
"China's efforts are also stimulating consumer spending, and that helps manufacturers both at home and abroad, including in the U.S. "The Chinese are spending on more value-added good: autos, appliances," Mr. Meckstroth says. Indeed, Goodyear Tire & Rubber Co. CEO Robert Keegan says the company sees promising signs for tire sales in China, where auto sales hit a record in March.
Although emerging strength in China isn't enough to offset weak North American sales, it does help prevent even deeper losses."
and this:
"As a result, China, the world's third largest economy behind the U.S. and Japan, may be the first major economy to recover."
The article also goes on to state that their stimulus package will cover almost 75% of their 6.5% GDP growth.
Now that is a "stimulus" package because it's doing what it's supposed to do..stimulate the economy. Ours is not.
If you read the article you will see that US companies are benefiting more from the China stimulus than the American one since they are doing actual work and the money is being spent at the consumer/producer level. Washington and the states need to get off their butts and get this money out there. It can't languish in committees for months/years. The US doesn't have the luxury of waiting.
As noted earlier, major chunks of the Chinese stimulus package were already in the pipeline. The US did not have such a pipeline. Aside from tax cuts, expanded social benefits, and some forms of state aid, all of which are out there already in our case also, we have to build administrative, oversight, and accountability infrastructures that the Chinese already had. That doesn't happen in a few weeks.
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Originally Posted by HappyTexan
The article also goes on to state that their stimulus package will cover almost 75% of their 6.5% GDP growth.
Their 6.5% GDP growth, assuming it is realized, will be below the estimated 8% growth that they need to prevent the decay of the middle class. Those estimates are pre-crisis, and it may be that 6.5% will work as an acceptable substitute for 8% considering the global circumstances, but there is no guaranty of that. All in all, the Chinese plan was suitable for China. We are not China, hence our plan could not be the same nor should it have been.
Quote:
Originally Posted by HappyTexan
Now that is a "stimulus" package because it's doing what it's supposed to do..stimulate the economy. Ours is not.
Hmmm. In February, the right-wing was instructed to complain that ARRA was just a short term patch that would be of no long-term benefit. Now it seems that they are instructed to complain that things are not short-term enough to provide any real stimulus. Whatever...
Sag..those committees are in place already; they are called state governments.
Remember when that bridge collapsed in Minn. ? All the states went scrambling and did reports.
I know Texas did but they didn't have the money to fix them.
Now I read that a small town here got about $500K to construct a trail from some schools to their subdivisions. Stimulus money. Now imagine bits and pieces like this given out all over.
Why not, instead, do that bridge infrastructure work ? TxDOT is an organization that has a list of projects that they had to put on the back burner because they didn't have the money.
I'm sure many of the states are in the same state..budget cutbacks made them put many projects on hold. Well "unhold" them instead of looking for new ones.
the "root" of this???? No the "root" of this is 30 Years of right wing ideology that said deregulation of the finacial industry was a good idea along with underfunding the watchdog SEC.
Those Wall st guys...took us for a ride courtesy of GOP deregulation...LOL
And now Obama has hired Wall Street insiders to finish America off. What an idiot (Obama).
There is more than $50 billion in core infrastructure funding in ARRA, more than half of it for roads and bridges. But nobody is going to push it out under the Paulson "No Strings At All" Plan. I don't know how much of that money is headed for Texas. No fair taking it and then seceding, by the way. But as the money is documented and moves out, I'm sure you all will get your share. There are so-called shovel-ready projects all over the country, however, and the money isn't really as much as it might sound like...
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