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Old 04-16-2010, 03:36 AM
 
132 posts, read 89,025 times
Reputation: 63

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Thank you Mr. President for thinking of those less fortunate....Again.


The measure, which would continue added unemployment benefits and other expired federal programs through May, will restore aid to thousands of Americans who had exhausted their benefits or whose eligibility was expiring. The legislation means that those out of work can receive up to 99 weeks of unemployment pay in some states. It will restore benefits to anyone who may have lost pay during a two-week interruption in the program.

Democrats said that many out of work Americans were unable to find jobs and that delaying what for some is their sole income in a political fight over spending was unconscionable. They say the money should be treated as an emergency expense.

Obama Signs Bill to Extend Unemployment Benefits - NYTimes.com
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Old 04-16-2010, 03:46 AM
 
Location: Columbus
4,877 posts, read 4,505,763 times
Reputation: 1450
I guess the stimulus bill was a failure then.
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Old 04-16-2010, 04:12 AM
 
Location: Fort Worth, Texas
3,390 posts, read 4,948,828 times
Reputation: 2049
Quote:
Originally Posted by OhioIstheBest View Post
I guess the stimulus bill was a failure then.
Sadly, this is true.
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Old 04-16-2010, 04:12 AM
 
132 posts, read 89,025 times
Reputation: 63
Quote:
Originally Posted by OhioIstheBest View Post
I guess the stimulus bill was a failure then.

The stimulus is combined with unemployment benefits. The amount is included in the check.
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Old 04-16-2010, 04:14 AM
 
Location: Massachusetts
10,029 posts, read 8,342,360 times
Reputation: 4212
Quote:
Originally Posted by Chardonaye View Post
The stimulus is combined with unemployment benefits. The amount is included in the check.

Can you explain how adding stimulus funds to unemployment benefits will help stimulate job growth?

Last edited by Rick Roma; 04-16-2010 at 05:04 AM..
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Old 04-16-2010, 04:24 AM
 
132 posts, read 89,025 times
Reputation: 63
Quote:
Originally Posted by Rick Roma View Post
Can you explain how ading stimulus funds to unemployment benefits will help stimulate job growth?

Can you explain how we are to stimulate jobs when the economy was already in a desperate downward spiral before Obama was elected?

Here is what your former president had to say as he was steering the country into possible depression:

The total silence on the economy and markets this week from the White House was finally broken today when President George W. Bush took to the podium – and said absolutely nothing of real substance.

ush said, “Our financial markets continue to deal with serious challenges.” Yep, so serious it took you four days this week to speak up. “Challenges,” you say. A challenge is something one encounters that is unexpected, most often meant to be a difficulty not of one’s own making. People – or organizations – which overcome challenges are highly thought of; they’re the folks Americans love. The markets aren’t dealing with challenges. The markets are dealing with karma. Bad behavior, poor choices, and greed put “the markets” in the shape they’re in today. Bush also says his administration is “meeting these challenges.” After more than seven years, Bush is still full of it. The Bush administration is rewarding bad behavior and the entire country is paying for it, bailout by bailout.

The George Bush Economy – Looks Like a Bailout for the Investment Class : Clips & Comment
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Old 04-16-2010, 04:30 AM
 
Location: Fort Worth, Texas
3,390 posts, read 4,948,828 times
Reputation: 2049
Quote:
Originally Posted by Chardonaye View Post
Can you explain how we are to stimulate jobs when the economy was already in a desperate downward spiral before Obama was elected?

Here is what your former president had to say as he was steering the country into possible depression:

The total silence on the economy and markets this week from the White House was finally broken today when President George W. Bush took to the podium – and said absolutely nothing of real substance.

ush said, “Our financial markets continue to deal with serious challenges.” Yep, so serious it took you four days this week to speak up. “Challenges,” you say. A challenge is something one encounters that is unexpected, most often meant to be a difficulty not of one’s own making. People – or organizations – which overcome challenges are highly thought of; they’re the folks Americans love. The markets aren’t dealing with challenges. The markets are dealing with karma. Bad behavior, poor choices, and greed put “the markets” in the shape they’re in today. Bush also says his administration is “meeting these challenges.” After more than seven years, Bush is still full of it. The Bush administration is rewarding bad behavior and the entire country is paying for it, bailout by bailout.

The George Bush Economy – Looks Like a Bailout for the Investment Class : Clips & Comment

You see, this is where you do nothing but display your partisanship. It all comes back to Bush, in your opinion. Bush wasn't exactly on my list of favorites either.

The stimulus (first enacted by Bush) has been a failure. Jobs were supposed to be created en mass, but that hasn't materialized. Hence the incessant need to keep extending unemployment benefits.

But you go on thinking that everything Bush did was fail, and anything Obama does is pure goodness. I'm sure it makes you feel all warm and tingly inside.
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Old 04-16-2010, 04:49 AM
 
132 posts, read 89,025 times
Reputation: 63
Quote:
Originally Posted by buzzpost View Post
You see, this is where you do nothing but display your partisanship. It all comes back to Bush, in your opinion. Bush wasn't exactly on my list of favorites either.

The stimulus (first enacted by Bush) has been a failure. Jobs were supposed to be created en mass, but that hasn't materialized. Hence the incessant need to keep extending unemployment benefits.

But you go on thinking that everything Bush did was fail, and anything Obama does is pure goodness. I'm sure it makes you feel all warm and tingly inside.


I feel Right. Which beats warm and tingly any day.
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Old 04-16-2010, 05:08 AM
 
Location: Massachusetts
10,029 posts, read 8,342,360 times
Reputation: 4212
Quote:
Originally Posted by Chardonaye View Post
Can you explain how we are to stimulate jobs when the economy was already in a desperate downward spiral before Obama was elected?

Here is what your former president had to say as he was steering the country into possible depression:

The total silence on the economy and markets this week from the White House was finally broken today when President George W. Bush took to the podium – and said absolutely nothing of real substance.

ush said, “Our financial markets continue to deal with serious challenges.” Yep, so serious it took you four days this week to speak up. “Challenges,” you say. A challenge is something one encounters that is unexpected, most often meant to be a difficulty not of one’s own making. People – or organizations – which overcome challenges are highly thought of; they’re the folks Americans love. The markets aren’t dealing with challenges. The markets are dealing with karma. Bad behavior, poor choices, and greed put “the markets” in the shape they’re in today. Bush also says his administration is “meeting these challenges.” After more than seven years, Bush is still full of it. The Bush administration is rewarding bad behavior and the entire country is paying for it, bailout by bailout.

The George Bush Economy – Looks Like a Bailout for the Investment Class : Clips & Comment




Do you know what they say about people who answer a question with a question?
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Old 04-16-2010, 05:50 AM
 
4,560 posts, read 4,097,614 times
Reputation: 2279
Quote:
Originally Posted by Rick Roma View Post
Can you explain how adding stimulus funds to unemployment benefits will help stimulate job growth?
Considering how much of our economy is consumer based this should be obvious.

More consumers means more spending. By continuing unemployment benefits there will be more consumers, or at least people will be putting less on credit cards to stay afloat and still afford food and shelter.

So when jobs start coming up (which they slowly are), people are more likely to have money to spend, instead of debt to pay off to credit card companies. This will also accelerate the recovery.
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