CBO: Effects of the Stimulus Spending Are Now 'Diminishing'

[Truthmatters]

Obama's big stimulus PEAKED during the "Summer of Recovery".........

Does anybody question that it's time for the Republicans to take over....?

Stimulus is not meant to be a permanent fix. It's meant to be a bridge from recession to the eventual swing of the business cycle.

No it wasn't. It was never designed to do that or billions would not have been wasted on pork.

It was designed to crush the economy, and force people to rely on the goverment for daily needs.

HAHAHAHAHAHAHAHAHAHAHAH


you are a fucking idiot partisan hack

 

[NYcarbineer]

Obama's big stimulus PEAKED during the "Summer of Recovery".........

Does anybody question that it's time for the Republicans to take over....?

Stimulus is not meant to be a permanent fix. It's meant to be a bridge from recession to the eventual swing of the business cycle.

No it wasn't. It was never designed to do that or billions would not have been wasted on pork.

It was designed to crush the economy, and force people to rely on the goverment for daily needs.

So the single biggest component of the stimulus, TAX CUTS, was designed to crush the economy? How would that work, exactly?

 

[8537]

Stimulus is not meant to be a permanent fix. It's meant to be a bridge from recession to the eventual swing of the business cycle.

No it wasn't. It was never designed to do that or billions would not have been wasted on pork.

It was designed to crush the economy, and force people to rely on the goverment for daily needs.

So the single biggest component of the stimulus, TAX CUTS, was designed to crush the economy? How would that work, exactly?

Conservatarians always forget that 40% of the stimulus bill was tax cuts....

 

[Trajan]

Obama's big stimulus PEAKED during the "Summer of Recovery".........

Does anybody question that it's time for the Republicans to take over....?

11-24-10
ABC News' Ann Compton reports

The Congressional Budget Office has weighed in on the effects of the government’s stimulus spending this past summer and concludes that the Recovery Act raised the GDP, lowered unemployment, and increased the number of people with jobs, but the range of numbers is very, very broad.

The CBO also suggests the major effects of the stimulus peaked during what the administration once called the Summer of Recovery, are diminishing, and will “wane gradually” during these final months of 2010.

Price tag: CBO says the original price tag of $787 Billion is actually going to be higher for the 10 year period: $814 Billion spent into the economy 2009-2019.

CBO: Effects of the Stimulus Spending Are Now 'Diminishing' - Political Punch

to be fair Christine Romer said last year ( March 2009) that this past year, in March, 2010, that would be the Peak of the stimulus and there after its effect would dissipate.

Of course the effect was never as powerful as they thought it would be but nonetheless she did say so.........thats probably why Romer and Orzag and Summers all took a powder.

 

[Trajan]

No it wasn't. It was never designed to do that or billions would not have been wasted on pork.

It was designed to crush the economy, and force people to rely on the goverment for daily needs.

So the single biggest component of the stimulus, TAX CUTS, was designed to crush the economy? How would that work, exactly?

Conservatarians always forget that 40% of the stimulus bill was tax cuts....

so, as we discussed oh 20 times, that 68 bucks a month in tax relief...you think that changed the spending or saving paradigm in anyone's household? seriously?

 

[Two Thumbs]

Stimulus is not meant to be a permanent fix. It's meant to be a bridge from recession to the eventual swing of the business cycle.

No it wasn't. It was never designed to do that or billions would not have been wasted on pork.

It was designed to crush the economy, and force people to rely on the goverment for daily needs.

HAHAHAHAHAHAHAHAHAHAHAH


you are a fucking idiot partisan hack

Well since it was proven that you can't or don't read, and are a total liar.

that's a complement coming from you.

 

[Two Thumbs]

Stimulus is not meant to be a permanent fix. It's meant to be a bridge from recession to the eventual swing of the business cycle.

No it wasn't. It was never designed to do that or billions would not have been wasted on pork.

It was designed to crush the economy, and force people to rely on the goverment for daily needs.

So the single biggest component of the stimulus, TAX CUTS, was designed to crush the economy? How would that work, exactly?

Tax cuts? yeah that ~ $15 a week really went far.

And what part of increasing spending when you have no money is over your heads?

 

[8537]

So the single biggest component of the stimulus, TAX CUTS, was designed to crush the economy? How would that work, exactly?

Conservatarians always forget that 40% of the stimulus bill was tax cuts....

so, as we discussed oh 20 times, that 68 bucks a month in tax relief...you think that changed the spending or saving paradigm in anyone's household? seriously?

it changed either the saving or spending pattern of EVERY household that received it.

 

[kyzr]

Instead of $700b TARP actually costs $25b?!
TARP bailout to cost taxpayers $25 billion: CBO | Reuters

that was a great deal for taxpayers. It saved the economy and was not a "bailout" like the S&L Scam.

 

[Revere]

Instead of $700b TARP actually costs $25b?!
TARP bailout to cost taxpayers $25 billion: CBO | Reuters

that was a great deal for taxpayers. It saved the economy and was not a "bailout" like the S&L Scam.

Is the economy "saved?"