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Old 07-07-2009, 04:15 PM
 
Location: Chicagoland
41,325 posts, read 45,095,295 times
Reputation: 7118

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Obama Adviser Says U.S. Should Mull Second Stimulus (Update2) - Bloomberg.com

Quote:
July 7 (Bloomberg) -- The U.S. should consider drafting a second stimulus package focusing on infrastructure projects because the $787 billion approved in February was “a bit too small,” said Laura Tyson, an outside adviser to President Barack Obama.
Is this not the most ridiculous thing you have ever heard?

Why don't they just get the friggin money out - like how a real stimulus is supposed to work.

Quote:
Obama said last month that a second package isn’t needed yet, though he expects the jobless rate will exceed 10 percent this year. When Obama signed the first stimulus bill in February, his chief economic advisers forecast it would help hold the rate below 8 percent.
And why should we believe a word they say? They have been caught in the lie - and now they want to disown their culpability.

Confederate Yankee: Barack Obama, Economic Battlefield Surgeon

Barack Obama, Economic Battlefield Surgeon

The madness of an illogical mind:


Quote:
"You just can't push that out that quickly, partly, not just because the federal government has to process applications, but also because states and local governments have to gear up to get these projects going," Obama said.
Quote:
The massive stimulus bill Democrats unanimously voted for has cost America hundreds of thousands of jobs, and Obama wants to leave the option open to do it again.

Obama has become something like a mad battlefield surgeon from the Civil War, hacking off limbs with his crude and barbaric medicine, killing and maiming more than he saves. Our economy is bleeding out due to his hackery and that of the incompetents and cheats his employs.

We don't need any more of his help, and we'll be damn lucky if we survive the medicine he's already prescribed.
See now, if you would have just cut taxes, issued refunds checks and stopped the dificit spending, things would be much better now. The extra money in the people's pockets would have been spent. Instead, you put the loot in the governments hands, where the slow, lumbering monstrosity fiddles while Rome burns.

http://www.americanissuesproject.org...cans-take.aspx

How Much of This Hope and Change Disaster Can Americans Take?

Quote:
It's time to put down the Kool-Aid. It's time to quit chasing unicorns. It's time to stop the Hopey-Changey advertising campaigns. It's time for reporters to quit bowing and for legs to stop tingling. Hope and Change may have made a good slogan, but as policy, it's a disaster.
Quote:
Obama will more than quadruple the US budget deficit his first year in office. Obama inherited a 2008 budget deficit of 459 billion dollars. He voted for the 700 billion dollar bank rescue in the fall. He was left $350 billion from this spending bill when he took office. He then spent 787 billion dollars on a Stimulus Bill, 33 billion dollars on the SCHIP bill, and 410 billion dollars on his record-setting Omnibus Bill. The CBO estimated that the Obama budget deficit would total an astounding 13.1 percent of GDP this year. As a comparison, under George Bush, the federal deficit for 2008 was 3.2 percent of GDP. (See chart here) Obama says he loses sleep over his record spending but he still intends to spend trillions more for his nationalized health care program. Even Colin Powell and Der Spiegel understand that we can't continue to spend like this.

Last edited by sanrene; 07-07-2009 at 04:24 PM..
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Old 07-07-2009, 04:19 PM
 
Location: Honolulu, HI
5,637 posts, read 6,546,045 times
Reputation: 7220
Here's a good idea. Lets bring Richard M. Daley into the WH administration to help engineer 2nd, 3rd, 4th and 5th stimulus packages. Obama and Daley, now that's a strong, powerful tandem to help get us out of this recession.
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Old 07-07-2009, 04:22 PM
 
10,545 posts, read 13,631,138 times
Reputation: 2823
Well, the first one is working so well, why not do it again?
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Old 07-07-2009, 04:25 PM
 
20,184 posts, read 23,951,552 times
Reputation: 9284
Please, my great grandkids don't want to be **** poor before they are born...
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Old 07-07-2009, 04:27 PM
 
Location: Great State of Texas
86,052 posts, read 84,818,924 times
Reputation: 27720
Why a 2nd one ? They have money from the first one not being doled out for a few years.
Any excuse to print more money.

They've lost it; they've really lost touch with reality in Washington
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Old 07-07-2009, 04:30 PM
 
20,184 posts, read 23,951,552 times
Reputation: 9284
The first one was NEVER a stimulus... $17 or something like that extra every month... give me a break... how much would my kids have to pay because of the extra $17 a month that we borrowed from the Chinese... I rather give them back that crap and give my kids thousands of dollars in tax breaks instead owing thousands of dollars...
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Old 07-07-2009, 04:36 PM
 
12,669 posts, read 20,508,457 times
Reputation: 3050
I am surprised they waited until now I had heard months ago they had started the works for a 2nd stimulus!
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Old 07-07-2009, 04:38 PM
 
12,669 posts, read 20,508,457 times
Reputation: 3050
Quote:
Originally Posted by HappyTexan View Post
Why a 2nd one ? They have money from the first one not being doled out for a few years.
Any excuse to print more money.

They've lost it; they've really lost touch with reality in Washington
No they are in control and are doing whatever the h*ll they want.
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Old 07-07-2009, 04:40 PM
 
35,016 posts, read 39,287,847 times
Reputation: 6195
everyone knew from the start this stimulus was not going to be enough. It as whittled down to an ineffectual amount just to get passed for the moment, so congresspeople could try to keep their seats by bragging that THEY wouldnt vote for that no good handout.
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Old 07-07-2009, 05:38 PM
 
2,661 posts, read 2,912,566 times
Reputation: 366
Quote:
Originally Posted by evilnewbie View Post
The first one was NEVER a stimulus... $17 or something like that extra every month... give me a break... how much would my kids have to pay because of the extra $17 a month that we borrowed from the Chinese... I rather give them back that crap and give my kids thousands of dollars in tax breaks instead owing thousands of dollars...
That was one part of the stimulus.

If you actually knew what you were talking about, you would know that small increases weekly are much more likely to be spent than the single larger payments. Meaning more effective stimulus (people are more likely to save or pay off debt with a lump sum).

Would you also like to complain about the increases to unemployment insurance?
Food stamps?
Aid to the states?

Well guess what skippy, those are amongst the most stimulative things we can do. WAY better than tax cuts.

Course, if you are the kind of person that likes to pay more for something for no reason - I can understand your opposition.
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