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Old 06-05-2009, 12:49 PM
 
Location: North Central Florida
6,218 posts, read 7,692,054 times
Reputation: 3939

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Quote:
Originally Posted by cleanhouse View Post
OH now they are going to "Ramp up" the recovery. and We have already made Progress?

What has been going on the last 5 months?

They've just been testing the waters, is all. Now that they see they have a formula that works....they're gonna really burn this sucker down now!

They're gonna "recover" us all the way back to the stone age.
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Old 06-05-2009, 12:53 PM
 
5,165 posts, read 6,032,285 times
Reputation: 1072
Quote:
Originally Posted by yachtcare View Post
They've just been testing the waters, is all. Now that they see they have a formula that works....they're gonna really burn this sucker down now!

They're gonna "recover" us all the way back to the stone age.
At that point :

http://www.reason.com/UserFiles/Image/riggs/NewWorld.jpg (broken link)
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Old 06-05-2009, 02:00 PM
 
7,993 posts, read 12,804,851 times
Reputation: 2731
Quote:
Originally Posted by sanrene View Post
Employment Situation Summary





Check out this chart; Take note - this chart was used by obama's economic team to market the stimulus. The "dots" are the actual numbers, which clearly show how wrong they are/were.



The obama-media is in full spin mode.

Hot Air » Blog Archive » Unemployment up to 9.4%
I've been wondering why these jobs promised to be created or saved by Obama have not materialized. He is well into his presidency.....too late to use the "he has only president 30 days" excuse. When is the mainstream media going to hold Obama's feet to the fire? When is he really going to be exposed for the fraud he is?
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Old 06-05-2009, 03:21 PM
 
2,661 posts, read 2,894,121 times
Reputation: 366
I'm sure all of you realize that even if the stimulus created/saved the high estimate from the CBO (2.3 million jobs in 2009), that won't cover for all the losses in the free market.

Now, if the government today spent and employed (22 trillion dollars, 18 million jobs) like they did in WW2 - then sure, we might expect that government spending to cover job losses.

This stimulus cost less than 5% of what we spent then, so if you think it can solve the economy's woes on its own you haven't been paying attention.
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Old 06-05-2009, 04:12 PM
 
10,545 posts, read 13,538,881 times
Reputation: 2823
Quote:
Originally Posted by EinsteinsGhost View Post
Its not that people haven't tried, so I won't bother. You don't get it even at the most basic level that the package you speak of is a lot more than a "stimulus", much less expect you to know that most of it was targeted towards growth and savings in the longer term. Too complicated for y'all to have a clue.
The problem with that is that the "stimulus" was supposed to be (or at least sold as) a short term stimulus to an economic crisis. The fact that most of the spending is to come in 2010 and 2011 to resolve a 2009 crisis makes it clear that it was a bait and switch. That's like telling someone on the ER table that needs paddles to shock them back to life not to worry about it that because you're going to give them an antibiotic that should make them feel better in a week or two and more healthy for the long-term.

Quote:
Originally Posted by EinsteinsGhost View Post
If tax cuts worked great, why did unemployment rate recovery post one of the mildest recessions (2001) take longer than it did during recessions? In fact, republicans were still at it over two years later, and here you're complaining after three months. Tax cuts are also a major reason for increasing budget deficits over last several year... or are deficits fine as long as it comes with "tax cuts"?.
The tax cuts did work. 9/11 also happened at about the same time and aggravated things. The tax cuts were not the problem with the deficit; huge spending was. It was not okay then, and that's a large part of why the Republicans paid at the ballot box. It should not be okay now to multiply the deficit because the guy in office is a good public speaker.
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Old 06-05-2009, 04:20 PM
 
Location: Chicagoland
41,325 posts, read 44,794,115 times
Reputation: 7118
Quote:
I'm sure all of you realize that even if the stimulus created/saved the high estimate from the CBO
According to obama's own economic team (the graph and pdf I linked to) they are way off in their figures. According to them, the stimulus would result in lower unemployment. Should they not be called out on their gross miscalculation?
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Old 06-05-2009, 04:21 PM
 
Location: Texas
327 posts, read 752,512 times
Reputation: 128
It was stated about three months ago that things were gonna be rough this year. If things are still this bad in the next year or two, then there will be serious reasons to question our President's decision making.

It's nice to see Cons celebrating instead of coming up with any answers of their own, except for doing something that would have made things twice as bad as they are now. Typical. Are you all gonna go out and throw a party if unemployment reaches double digits?
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Old 06-05-2009, 04:23 PM
 
2,661 posts, read 2,894,121 times
Reputation: 366
Quote:
The tax cuts did work. 9/11 also happened at about the same time and aggravated things. The tax cuts were not the problem with the deficit; huge spending was. It was not okay then, and that's a large part of why the Republicans paid at the ballot box. It should not be okay now to multiply the deficit because the guy in office is a good public speaker.
We borrowed 1.6 trillion for those tax cuts.

eRiposte Economy - Economic Indicators: Bush Jobless Recovery
The recovery from the recession was weak.
If the tax cuts had worked, I would have expected a stronger recovery (see attached images).
Attached Thumbnails
Where are the "saved jobs"?; Unemployment rises to 9.4%-jobwatch_totalemp.gif   Where are the "saved jobs"?; Unemployment rises to 9.4%-jobwatch_privatesectoremp.gif  
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Old 06-05-2009, 04:58 PM
 
Location: Socialist Republik of Amerika
6,205 posts, read 12,824,313 times
Reputation: 1114
Quote:
Originally Posted by cleanhouse View Post
Here is a good One

Biden: US to Ramp up Implementation of Recovery Act - Economy * US * News * Story - CNBC.com (http://www.cnbc.com/id/31125114 - broken link)

"As much progress as we've already made, we still have a long, long way to go on the road to recovery," Biden

OH now they are going to "Ramp up" the recovery. and We have already made Progress?

What has been going on the last 5 months?

Uhhh! RAMP DOWN >>>>
>>>>
>>>>>
>>>>>
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Old 06-05-2009, 05:04 PM
 
2,661 posts, read 2,894,121 times
Reputation: 366
Quote:
Originally Posted by sanrene View Post
According to them, the stimulus would result in lower unemployment. Should they not be called out on their gross miscalculation?
If the stimulus created only a single job, the bolded sentence above would be true.
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