Stimulus Helping Economy to Rebound

[BTOWN_HUSTLA]

its still coming, but they're making it worse by taking on mountains of extra debt and being owned by China.

 

[yakbladder]

its still coming, but they're making it worse by taking on mountains of extra debt and being owned by China.

I don't want to break your hopes, dreams, and aspirations, but we were already well-owned by China (and the Middle East).

Barring a massive scale back of the budget by, say, 70%, I don't think you'll see us ever climb out of where we were before the stimulus.

 

[blazerboy30]

I don't want to break your hopes, dreams, and aspirations, but we were already well-owned by China (and the Middle East).

Barring a massive scale back of the budget by, say, 70%, I don't think you'll see us ever climb out of where we were before the stimulus.

So we should just continue racking up insane amounts of debt?

 

[yakbladder]

So we should just continue racking up insane amounts of debt?

So we should just let the economy collapse and worldwide apocalypse begin?

 

[BTOWN_HUSTLA]

I don't want to break your hopes, dreams, and aspirations, but we were already well-owned by China (and the Middle East).

Barring a massive scale back of the budget by, say, 70%, I don't think you'll see us ever climb out of where we were before the stimulus.

yeah, but with the stimulus, we are even more so...in 50 years are we going to have street signs with chinese lettering on them?

perhaps.

 

[blazerboy30]

So we should just let the economy collapse and worldwide apocalypse begin?

Yes, throwing hundreds of millions of dollars at the "National Endowment for the Arts" is going to keep us from a worldwide economic collapse and worldwide apocalypse.

 

[BTOWN_HUSTLA]

don't forget hundreds of millions for the Digital TV coupons!

 

[mobes23]

Runaway inflation! That's the ticket! Let's make the numbers that seem crazy high now seem like squat. Then, we can repay it with near worthless currency. (Said with sarcasm, by the way)

 

[yakbladder]

Yes, throwing hundreds of millions of dollars at the "National Endowment for the Arts" is going to keep us from a worldwide economic collapse and worldwide apocalypse.

The message topic is concerning the stimulus money.

Are you unable to give a real answer?

 

[The_Lillard_King]

People back in November who voted for Obama will probably think he's done a good job and saved us from the brink of utter collapse.

People who didn't vote for Obama either didn't think we were near collapse, or the economy fixed itself and we racked up massive debt for no reason.

Neither side budges an inch.

This thread is a microcosm of that

 

[yakbladder]

This thread is a microcosm of that

Perhaps. But conservatives tend to think that liberals love just spending money they don't have when historically that has never been the case. I, for one, would love to see us have zero debt and zero deficit. But again, without massively cutting the budget in certain areas (defense as well as some quasi-social programs) and raising taxes that won't happen. Conservatives have a fit if taxes are raised 1 cent on the wealthiest .000000001% of America and they won't touch defense spending, so here we are. Both the extreme left and extreme right will eventually bankrupt the country and then we can all go looking for real estate in Shanghai (I mean, whomever isn't killed in the next civil war).

 

[PapaG]

The message topic is concerning the stimulus money.

Are you unable to give a real answer?

The NEA grants are a part of the stimulus. I think that was the reason for his answer.

http://www.foxnews.com/politics/200...-obscene-programs-funded-nea-stimulus-grants/

 

[barfo]

Yes, throwing hundreds of millions of dollars at the "National Endowment for the Arts" is going to keep us from a worldwide economic collapse and worldwide apocalypse.

The total amount in the stimulus package allocated to the NEA was slightly less than $50 million.

barfo

 

[yakbladder]

The NEA grants are a part of the stimulus. I think that was the reason for his answer.

http://www.foxnews.com/politics/200...-obscene-programs-funded-nea-stimulus-grants/

He quoted "hundreds of millions"..there are not hundreds of millions going towards the NEA. So either he was incorrect or he mis-spoke.

I don't support stimulus money going to the NEA for non-job related grants and I'm sure there are other examples of stimulus money that shouldn't have been spent but I maintain that the bulk of the stimulus money is warranted.

 

[blazerboy30]

He quoted "hundreds of millions"..there are not hundreds of millions going towards the NEA. So either he was incorrect or he mis-spoke.

I don't support stimulus money going to the NEA for non-job related grants and I'm sure there are other examples of stimulus money that shouldn't have been spent but I maintain that the bulk of the stimulus money is warranted.

The bulk of the money hasn't been spent.

 

[yakbladder]

The bulk of the money hasn't been spent.

Right. And I still maintain it's warranted. I haven't said "it absolutely worked" and you haven't said "it absolutely hasn't worked".

But that wasn't the original point.

 

[Denny Crane]

Right. And I still maintain it's warranted. I haven't said "it absolutely worked" and you haven't said "it absolutely hasn't worked".

But that wasn't the original point.

It hasn't absolutely worked.

Obama and his finance wizards forecast that without the stimulus bill, the situation would be actually better than it is now. Where does the buck stop?

 

[PapaG]

It hasn't absolutely worked.

Obama and his finance wizards forecast that without the stimulus bill, the situation would be actually better than it is now. Where does the buck stop?

Let's be fair. His administration now claims they didn't realize the extent of the problem.

Of course, I see this as an admission of incompetence, but that's me.

 

[yakbladder]

Obama and his finance wizards forecast that without the stimulus bill, the situation would be actually better than it is now. Where does the buck stop?

They forecast that w/o a stimulus the situation would be better?

Link?

 

[Denny Crane]

They forecast that w/o a stimulus the situation would be better?

Link?

This graph was making the rounds on the various economists' WWW sites/blogs.

 

[yakbladder]

But you said...

Obama and his finance wizards

Please give me a link to Obama stating this before the stimulus. Please identify Obama's "finance wizards" and where they made this statement.

A graph running around some website doesn't really do much for me with such bold claims being thrown around.

You also said "the situation" - are you now wishing to refine your statement to "only unemployment"????!?!?!?!? Are you one of the unemployed? Because that would be the only way I could see how "the situation" as "unemployed" would relate to you.

 

[Denny Crane]

But you said...



Please give me a link to Obama stating this before the stimulus. Please identify Obama's "finance wizards" and where they made this statement.

A graph running around some website doesn't really do much for me with such bold claims being thrown around.

You also said "the situation" - are you now wishing to refine your statement to "only unemployment"????!?!?!?!? Are you one of the unemployed? Because that would be the only way I could see how "the situation" as "unemployed" would relate to you.

Watch the video. It has a clip of Obama in his own words.

That lots of people are unemployed is a serious downer to everyone, including the employed.

By his own figures, the economy (jobs-wise) would be better off without that stimulus package.


How about a link to an oregon paper?

http://oregonbusinessreport.com/200...-obama-jobless-predictions-off-by-29-million/

Here's a link that mentions Obama's economic advisors, Rohmer and Bernstein, along with how miserably the administration and the stimulus has failed. It's an economist's blog.

Now, Christina Romer, chairwoman of the White House Council of Economic Advisers, says that even with the stimulus spending, end-of-year unemployment will be 9.5 percent.

​

That was in May, and unemployment is 9.7% and rising.

​

http://www.econinternational.com/bl...ions-off-by-almost-3-million/#ixzz0FL5yGKVG&A


But jobs aren't the only story.

http://www.politico.com/news/stories/0709/24899.html

That story from February warns about Obama's too rosy predictions on GDP growth and deficits. FWIW, he recently upped his projected 10 year debt accumulation from $7T to $9.somethingT

 

[barfo]

The bulk of the money hasn't been spent.

$50 million has been allocated to the NEA, of which $5 million has been spent.
If you want to claim that hundreds of millions will be allocated to the NEA in the future, go ahead. Let's see a link.

barfo

 

[blazerboy30]

$50 million has been allocated to the NEA, of which $5 million has been spent.

Good. Let's keep it at that and demand our money back.

If you want to claim that hundreds of millions will be allocated to the NEA in the future, go ahead. Let's see a link.

barfo

Are you disagreeing with the general idea, or being nitpicky that I mis-remembered the exact numbers?

The point is that this "stimulus" package did NOT prevent a worldwide economic meltdown and global apocolypse.

If you want to blindly support your leader and all his actions, go ahead. Don't let reality get in the way.

 

[barfo]

Are you disagreeing with the general idea, or being nitpicky that I mis-remembered the exact numbers?

I am disagreeing with the general idea that the NEA funding is relevant, and yes, being nitpicky that $50 million is not the same as "several hundreds of millions of dollars". Is that really being nitpicky?

The point is that this "stimulus" package did NOT prevent a worldwide economic meltdown and global apocolypse.

So make that point. The NEA has very little to do with the truth or falsehood of that claim.

barfo

 

[blazerboy30]

I am disagreeing with the general idea that the NEA funding is relevant, and yes, being nitpicky that $50 million is not the same as "several hundreds of millions of dollars". Is that really being nitpicky?



So make that point. The NEA has very little to do with the truth or falsehood of that claim.

barfo

It is called an "example". Read through the "stimulus" package for more like it. It isn't my job to read it to you.

 

[barfo]

It is called an "example". Read through the "stimulus" package for more like it. It isn't my job to read it to you.

Ah, the "maxiep" gambit.

Yes, it's not your job to do my research for me. Luckily, I can and have already done the research myself. That's why my numbers were right. Unlike yours. So, good thing it isn't your job to read it to me.

barfo

 

[PapaG]

It is called an "example". Read through the "stimulus" package for more like it. It isn't my job to read it to you.

Apparently it's nobody's job to read it. It was passed less than 16 hours after being passed in committee. Anybody defending the bill is doing it out of a postion of ignorance, just as anybody criticizing it is.

I'll take the side being critical of a $787 billion bill that nobody read before voting on every day of the week.

 

[PapaG]

Ah, the "maxiep" gambit.

Yes, it's not your job to do my research for me. Luckily, I can and have already done the research myself. That's why my numbers were right. Unlike yours. So, good thing it isn't your job to read it to me.

barfo

Money well spent.

 

[blazerboy30]

Ah, the "maxiep" gambit.

Yes, it's not your job to do my research for me. Luckily, I can and have already done the research myself. That's why my numbers were right. Unlike yours. So, good thing it isn't your job to read it to me.

barfo

You seem to have read for memorization, not comprehension.

You remembered the exact 50million number, but don't comprehend why it is absurd.