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Perhaps the reluctance to call the new package a second stimulus has something to do with the extravagant promises Mr. Obama made to sell the first. Less than a month into Mr. Obama's presidency, the first stimulus was pushed through partly on the promise that doing so would keep unemployment south of 8%. With Friday's jobs numbers, the same people who sold us that one now have to explain why keeping unemployment at 10% is progress.
WASHINGTON – A federal spending surge of more than $20 billion for roads and bridges in President Barack Obama's first stimulus has had no effect on local unemployment rates, raising questions about his argument for billions more to address an "urgent need to accelerate job growth."
If the stimulus had worked as intended, you would NOT have the dems scrambling with a "new" jobs bill, although they are reluctant to call it a stimulus, due to the FACT that the first stimulus is a complete failure.
If you measure its effects by the promises made, there is NO WAY you would consider the stimulus as having worked at all.
I believe the single most damaging issue to obama has been the stimulus and the widely held view that it is not working. People gave him his shot, they trusted in what he promised, when they don't see the results, he will be held accountable.
As I said previously, I am not an US citizen, so don't expect me to judge (positively or negatively) Obama's policies.
However, when I see his record up to now, it seems to me I'd be happy to have him in charge here , when I see the utter worthlessness of our Euro politicians....
As I said previously, I am not an US citizen, so don't expect me to judge (positively or negatively) Obama's policies.
However, when I see his record up to now, it seems to me I'd be happy to have him in charge here , when I see the utter worthlessness of our Euro politicians....
I hear you, the "anything is better than what we've got." That's what people thought here when Bush was leaving office and we Obama and McCain leading the show. But in reality, the lessor of two evils is still evil.
I'm not a devote socialist and every economics professor I had that's discussed the GD has cited Hoover and his lassiez-faire government as a key reason the problems of the GD were so large after the crash.
Hoovers book American Individualism rejected and distained laissez-faire economics as "theoretic and emotional". He said "private property was not a fetich. Government leaders must not intervene constitutionally but must play the broker."
You deserve to get back monetary damages from those teachers. If you want lassiez-faire look up Harding not Hoover.
There were 2.4 million job openings on the last business day of November 2009, the U.S. Bureau of Labor Statistics reported today. The job openings rate was little changed over the month at 1.8 percent. The openings rate has held relatively steady since March 2009. The hires rate (3.2 percent) and the separations rate (3.3 percent) were essentially unchanged in November. This release includes estimates of the number and rate of job openings, hires, and separations for the total nonfarm sector by industry and geographic region.
Over the 12 months ending in November, the job openings rate (not seasonally adjusted) decreased for total nonfarm and total private. Although the rate was essentially unchanged for government, it increased in federal government and decreased in state and local government. The job openings rate decreased in many industries: mining and logging; retail trade; transportation, warehousing, and utilities; real estate and rental and leasing; educational services; health care and social assistance; and other services. The job openings rate decreased in the South.
The hires rate was essentially unchanged in November at 3.2 percent. The rate has remained between 3.0 percent and 3.2 percent since February 2009. The hires level fell by 1.7 million from the most recent peak in July 2006 to June 2009 but has since increased by 257,000. The hires rate was essentially unchanged in every industry but increased in the South in November.
doing away with the ridiculous "saved or created" claim, but instead of addressing the problem honestly, they are once again trying to bamboozle the public.
With another reporting period looming, they are going to try and inflate those non-existent job numbers to make the claim that the failed stimulus is responsible for job creation.
As an example, when Chrysler built 3000 government vehicles last year, they used existing employees and put down ZERO jobs created or saved. Now, under this new deceitful accounting trick of obama's they will be able to claim those jobs.
Is this THE most corrupt, fraudulent administration ever?
And once the hiring of almost a million people for the Census commences in the spring, you will see the 0bama team claiming his policies lowered unemployment and created a million jobs.
Actually unemployment went down every year betweem 1932 until 1938 (ironically when Republicans took over Congress).
The sh*t had already hit the fan in late August of 1937. The consequences from the undistributed profits taxes were about to kick in. Companies that formerly sought to retain employess in a downturn could no longer do so because they didn't have the reserves. They also couldn't and didn't invest in new equipment. Stocks which were declining in August, accelerated their decline. Bond prices dropped more in 1 day than they had in any single day in the last 3 years.
Payments to Social Security took money out of circulation.
Once again the manipulation of wages caused big problems. Why didn't FDR learn from that very same previous mistake? Wages, prices, cost of living had been consistent from 1934 to 1936. The Wagner Act made it more expensive for businesses as it raised wages far to much. In the first 6 months of 1937 wages rose 11 percent. The steel industry wages rose 33 percent from October to May. August had the steepest drop in industrial production on record. The dow dropped from 190 in August to 120 at the end of November.
Last edited by Loveshiscountry; 01-12-2010 at 10:46 AM..
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