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Again step back and think. The point is the stimulus was a great waste of resources. There should have been a stimulus passed but a much more efficient one. The economy at some point would turn the corner anyway.
The projections showed with or without the stimulus that unemployment would drop to the same level by 2012.
I personally feel stimulus packages should have been used to create more jobs, even help with funds to train people for job positions where there is a need - and put a complete PLUG on bringing in people from third world countries. They do no good for american workers and work for much less as well which is a huge problem. Besides, there is NO NEED for trillions of more immigrants.
If people have jobs with good income, they can pay their bills, bank mortgages, and continue to make investments. No jobs, no money to pay for anything.
G W Bush's four poisons were: 1) outsourcing of jobs elsewhere, 2) bringing in foreign workers (who needs them?), 3) signing free trade agreement deal with China that put an end on import restrictions, 4) his war of lies
All of this were nothing but nails in the coffin for this country. I do want to see how fast Obama will turn those policies around which Bush signed. One problem is that now, this country is basically half owned by Arabs and Chinese - so how do you tell them "we don't want excess goods from you anymore"? We're cornered!
I personally feel stimulus packages should have been used to create more jobs, even help with funds to train people for job positions where there is a need - and put a complete PLUG on bringing in people from third world countries. They do no good for american workers and work for much less as well which is a huge problem. Besides, there is NO NEED for trillions of more immigrants.
G W Bush's four poisons were: 1) outsourcing of jobs elsewhere, 2) bringing in foreign workers (who needs them?), 3) signing free trade agreement deal with China that put an end on import restrictions, 4) his war of lies
All of this were nothing but nails in the coffin for this country. I do want to see how fast Obama will turn those policies around which Bush signed. One problem is that now, this country is basically half owned by Arabs and Chinese - so how do you tell them "we don't want excess goods from you anymore"? We're cornered!
From that viewpoint wouldn't you question if Obama is carrying too many of the same policies as Bush? I know it is still under 1 year in but has he showed any inclination to reverse those policies?
In fairness we will have to see I guess.
8 years of bad decisions, and you expect a 180 degree u-turn in only 6 months??? Get real. We need at least 8 years if not 13 to get back on track. There is no way to get whole economy in order within 30, 60 or even 90 days!
How long does it take for YOU to get back on track if you have high bills, huge mortgage and no income? You can do that in 1 to 6 months?
Didn't think so...
Unemployment is going down. That's a good sign in terrible times.
It took a lot longer than 8 years of bad decisions to get us where we are today. We have been dealing with an incompetent federal government and brain dead consumers/investors/voters for years. If economists were allowed any input in economic decisions then we would be out of this recession in the next year. Instead we will be dealing with a horrible fourth quarter which will have a negative impact on the first quarter of next year. Economic growth is not high on the federal government's list of priorities so we are in for a rough ride.
Last edited by Majordomo; 09-11-2009 at 10:30 AM..
To blame or praise a President for the economy is ludicrous to me.
The present day economy is too complex to have one person held responsible for its ebbs and flows.
On that we agree. Wake up people, the President is not the driving force behind the economy, even Congress has less affect than you seem to believe. The Fed does have some affect on the economy, but the true driving force is businesses and consumers. I find it ludicrous that anyone would blame the President for job gains and losses and particularly crazy when Republicans complian about the threat of big government and socialism then expect the government to somehow fix the economy, come on people you cannot have it both ways. Get used to the idea that the market will be down for a while, it has stopped falling but the recovery will be a slow process and that is the way it is. Now if you have liquid assests, BUY, BUY, BUY! Now is when fortunes can be made, stocks are down, they won't be forever, the rule is to buy low (now) and sell high (later). Same applies to property, now is your opportunity to more for your buck.
Casper
Correct me if I'm wrong but I believe this states that the claim made by the white house is that the stimulus saved or created 1 million + jobs. Saved or created being the operative words. You are somehow misinterpreting this to mean that the nation was to see a net gain of a million jobs (i.e. 135.3 million+ jobs as opposed to 134.3 million previously). I don't think anyone ever made a claim the stimulus was supposed to completely halt job losses or high rates of unemployment but rather to lessen them.
All that has to be said is that Obama said teh stimulus at 700+billiopn woulf keep unemployemnt below 8%. It nope satands at 9.7% and has gone down a tenth since the stimulus.It following what other including the CBO sadi and they how prediuct a rising defcivit past ten years if health care as proposed by democrats is passed.Obama says we will cut porgrams if the savings does pay for it but that has been said before and never in history happened,
It took a lot longer than 8 years of bad decisions to get us where we are today. We have been dealing with an incompetent federal government and brain dead consumers/investors/voters for years. If economists were allowed any input in economic decisions then we would be out of this recession in the next year. Instead we will be dealing with a horrible fourth quarter which will have a negative impact on the first quarter of next year. Economic growth is not high on the federal government's list of priorities so we are in for a rough ride.
Totally true. I was trying to be generous with the 8 years... Its been going downhills rapidly since G W senior.
With Bush it has come out that his advisors were frustrated because he had zero regard to any suggestions they made. He completely ignored their background work, their presentations, and all the efforts they made to try and give him feedback on the consequences of some of his decisions.
The man was a complete ass.
But for sure a president or PM can make or break the entire transformation of a country [someone else commented on this]. Tatcher was a good example of strong leadership and vision. She brought Britain out of the gutter into huge financial success which contributed London to becoming the business center of the world.
Totally true. I was trying to be generous with the 8 years... Its been going downhills rapidly since G W senior.
With Bush it has come out that his advisors were frustrated because he had zero regard to any suggestions they made. He completely ignored their background work, their presentations, and all the efforts they made to try and give him feedback on the consequences of some of his decisions.
The man was a complete ass.
But for sure a president or PM can make or break the entire transformation of a country [someone else commented on this]. Tatcher was a good example of strong leadership and vision. She brought Britain out of the gutter into huge financial success which contributed London to becoming the business center of the world.
Correct me if I'm wrong but I believe this states that the claim made by the white house is that the stimulus saved or created 1 million + jobs. Saved or created being the operative words. You are somehow misinterpreting this to mean that the nation was to see a net gain of a million jobs (i.e. 135.3 million+ jobs as opposed to 134.3 million previously). I don't think anyone ever made a claim the stimulus was supposed to completely halt job losses or high rates of unemployment but rather to lessen them.
perhaps you can explain to me how one determines that one million jobs were 'saved' that would have otherwise been lost.
All the saved or created jobs talk is total BS and based on some really fuzzy / fictitious math. Maybe we wouldn't expect so much from Obama and the Dems if they were not always tooting their own horn about what a great job they are doing..... They set their own bar for failure....
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