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Why does anyone think the stimulus failed? Was it because almost half was "tax cuts"?
because you cant fix the economy, the budget, and create jobs by borrowing money and spending it.
So - as you'll see - Rabbi can't list any legislation passed by the dems between Jan of 2007 and Jan of 2009 that brought on a recession caused by a housing bubble that popped in 2006.
Credit to him, he DOES attempt to blame an equal-pay-for-women piece of legislation that just barely meets the aforementioned criteria.
Oh...and the weapons system acquisition reform act!
You don't carry other people's water very well, Rabbi.
Why does anyone think the stimulus failed? Was it because almost half was "tax cuts"?
because you cant fix the economy, the budget, and create jobs by borrowing money and spending it.
No, but you can by rebuilding America's infrastructure.
Things Republicans don't understand:
Supply and Demand.
Investment.
Research.
Infrastructure.
Things they think work:
Cut taxes.
Don't spend.
The worst thing you can do for an economy in recession:
Cut taxes.
Don't spend.
I cannot put it any better
Its official: Obamas job stimulus program failed
TAGS: Examiner editorial failure job stimulus President Barack Obama unemployment rate
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By: Examiner Editorial 01/22/11 10:00 PM
Democrats have lambasted Republicans for years for believing in Voodoo economics. Well, the evidence is mounting that economic superstition is alive and well in the nations political circles, though it has nothing to do with a fondness for tax cuts.
Its instead the crazy belief that the government can spend its way to prosperity for the rest of us. Analyzing this conclusion, the House Ways and Means Committee recently released a report titled Its Official: On Unemployment and Jobs, Democrats 2009 Stimulus Was a Huge Failure.
The Ways and Means report provides a number of striking reminders about the predictions the White House made in January 2009 while urging the passage of their $814 billion Keynesian spending bill. By January 2011, the stimulus bill was supposed to have lowered the unemployment rate to 7 percent. It now stands at 9.4 percent, and the report notes that the unemployment rate would be 11.3 percent if it included all the invisible unemployed American workers who have simply given up looking for work. The report also said that the stimulus was supposed to create 3.7 million jobs by now, for a total of 137.6 million jobs in the American economy. Currently, there are 130.7 million jobs. Since the stimulus passage, 47 of the 50 states have lost jobs; overall, the private sector has seen 1.8 million jobs disappear.
Note as well that unemployment currently is slightly above what the White House predicted it would be if the Obama stimulus program was not passed as emergency legislation. Any honest assessment of the stimulus has to consider the possibility that flawed economics, kickbacks to unions and other Democratic special interests, corruption and an inefficient bureaucracy simply swallowed all the jobs for which those billions were supposed to pay. In fact, job creation exceeded the White Houses expectations in only one area: The District of Columbia created almost twice as many jobs as the White House anticipated. In other words, thanks to the stimulus, the only area growing new jobs is the federal government.
Read more at the San Francisco Examiner: It
The stimulus bill was 40% tax cuts.
So?
It failed. Period. End of conversation.
Obama, Pelosi and Reid did not say "it will not be successful becuase 40% of it is tax cuts"
To the contrary, they heralded the plan.
And it did nothing that it claimed it would do.
Sure.....some are tossing some numbers of growth around...
But lets be real....if the plan was marketed this way...
"unemployment will still top 10% before it shows signs of recovery"
"there will be a couple of hundred private secotr jobs created over the next 2.5 years"
"unemployment will teeter between 9 and 10% for a minimum of 2.5 years"
I dont think it would have passed.
Thus...it is an utrter failure.
Funny, every chart I find shows the t op rate @ 35% since 2003.... it was onl 3.6% higher the years before.
So we had those low tax rates going into the worst recession since the Depression...
...which means they didn't work.
"worst recession since the great depression"
Do you ever think for yourself?
I have seen unemployment at higher numbers in my time.
Prime rates topping 20%
Markets do mucgh more poorly in other recessions...and to the contrary, this recession, the markets fared fairly well.
Yet you still regurgitate that campaign slogan....."worst recession since the great depression"
You show how niave you are with lines like that NYCarbineer.
Very unbecoming of you.
No one can prove the stimulus failed because no one can demonstrate what would have happened had there been no stimulus.
OMG...
Why does anyone think the stimulus failed? Was it because almost half was "tax cuts"?
because you cant fix the economy, the budget, and create jobs by borrowing money and spending it.
No, but you can by rebuilding America's infrastructure.
Things Republicans don't understand:
Supply and Demand.
Investment.
Research.
Infrastructure.
Things they think work:
Cut taxes.
Don't spend.
The worst thing you can do for an economy in recession:
Cut taxes.
Don't spend.
LOL! I knew you were a fucking idiot just throwing shit on the wall.So - as you'll see - Rabbi can't list any legislation passed by the dems between Jan of 2007 and Jan of 2009 that brought on a recession caused by a housing bubble that popped in 2006.
Credit to him, he DOES attempt to blame an equal-pay-for-women piece of legislation that just barely meets the aforementioned criteria.
Oh...and the weapons system acquisition reform act!
You don't carry other people's water very well, Rabbi.
Every one of those pieces of shit passed by the Democratic Congress cost jobs. "Equal pay for women"? Yeah, that raises the bar in hiring. Who'd want to do that?
because you cant fix the economy, the budget, and create jobs by borrowing money and spending it.
No, but you can by rebuilding America's infrastructure.
Things Republicans don't understand:
Supply and Demand.
Investment.
Research.
Infrastructure.
Things they think work:
Cut taxes.
Don't spend.
The worst thing you can do for an economy in recession:
Cut taxes.
Don't spend.
We've had a trillion dollars in investment in the infrastructure and the weakest job recovery of any recession on record.
I think Republicans understand it pretty well. Of course since you'cve never met one you wouldn't know.
The stimulus bill was 40% tax cuts.
So?
It failed. Period. End of conversation.
Obama, Pelosi and Reid did not say "it will not be successful becuase 40% of it is tax cuts"
To the contrary, they heralded the plan.
And it did nothing that it claimed it would do.
Sure.....some are tossing some numbers of growth around...
But lets be real....if the plan was marketed this way...
"unemployment will still top 10% before it shows signs of recovery"
"there will be a couple of hundred private secotr jobs created over the next 2.5 years"
"unemployment will teeter between 9 and 10% for a minimum of 2.5 years"
I dont think it would have passed.
Thus...it is an utrter failure.
The stimulus was 33% tax cuts
God stop lying
lets not forget that Obama used tarp also
it was 1 trillion dollars, so using that it was close to 25%
American Recovery and Reinvestment Act of 2009 - Wikipedia, the free encyclopedia
because you cant fix the economy, the budget, and create jobs by borrowing money and spending it.
No, but you can by rebuilding America's infrastructure.
Things Republicans don't understand:
Supply and Demand.
Investment.
Research.
Infrastructure.
Things they think work:
Cut taxes.
Don't spend.
The worst thing you can do for an economy in recession:
Cut taxes.
Don't spend.
But you can't do it by borrowing the money you need to spend to build the infastructure or do research. That is not a permanent fix as you can't sustain the borrowing to sustain the jobs.
Job loss occurred because there is a business cycle and we reached the top.
Had we done nothing, we would have been far better off, with a more robust recovery that would have brought many more jobs to this country.
Instead we have a grossly expensive mess that is riddled with fraud and abuse. People screamed about FEMA after Katrina and how much waste there was. That was nothing compared to the stimulus, which of course the MSM hasn't really reported.
No, but you can by rebuilding America's infrastructure.
Things Republicans don't understand:
Supply and Demand.
Investment.
Research.
Infrastructure.
Things they think work:
Cut taxes.
Don't spend.
The worst thing you can do for an economy in recession:
Cut taxes.
Don't spend.
We've had a trillion dollars in investment in the infrastructure and the weakest job recovery of any recession on record.
I think Republicans understand it pretty well. Of course since you'cve never met one you wouldn't know.
There has not been a trillion dollars in investment in infrastructure.
No, but you can by rebuilding America's infrastructure.
Things Republicans don't understand:
Supply and Demand.
Investment.
Research.
Infrastructure.
Things they think work:
Cut taxes.
Don't spend.
The worst thing you can do for an economy in recession:
Cut taxes.
Don't spend.
But you can't do it by borrowing the money you need to spend to build the infastructure or do research. That is not a permanent fix as you can't sustain the borrowing to sustain the jobs.
You don't need to sustain the borrowing any more than a private sector company needs to maintain borrowing.
Economy's grow and private firms expand when infrastructure is improved or research is funded. The larger economy provides greater tax revenues .
But you can't do it by borrowing the money you need to spend to build the infastructure or do research. That is not a permanent fix as you can't sustain the borrowing to sustain the jobs.
You don't need to sustain the borrowing any more than a private sector company needs to maintain borrowing.
Economy's grow and private firms expand when infrastructure is improved or research is funded. The larger economy provides greater tax revenues .
The firms that expand through building infastructure shirnk once the infastructure is done being built or having money spent on improving it. It is not a permanent fix to borrow money from other nations to spend on our infastructure. This fact erases any sustainable tax revenues from work on infastructure.
LOL! I knew you were a fucking idiot just throwing shit on the wall.So - as you'll see - Rabbi can't list any legislation passed by the dems between Jan of 2007 and Jan of 2009 that brought on a recession caused by a housing bubble that popped in 2006.
Credit to him, he DOES attempt to blame an equal-pay-for-women piece of legislation that just barely meets the aforementioned criteria.
Oh...and the weapons system acquisition reform act!
You don't carry other people's water very well, Rabbi.
Every one of those pieces of shit passed by the Democratic Congress cost jobs. "Equal pay for women"? Yeah, that raises the bar in hiring. Who'd want to do that?
The Ledbetter act did not require equal pay for women.
My gawd man. Buy some education will ya?
Lol.LOL! I knew you were a fucking idiot just throwing shit on the wall.Every one of those pieces of shit passed by the Democratic Congress cost jobs. "Equal pay for women"? Yeah, that raises the bar in hiring. Who'd want to do that?
The Ledbetter act did not require equal pay for women.
My gawd man. Buy some education will ya?
You are the most fucking dense poster in a very crowded field on this site.
Lilly Ledbetter Fair Pay Act of 2009 - Wikipedia, the free encyclopedia
It allowed an extension of the statute of limitations. Thus in a sense it did require equal pay.
In any case it is a job killer. Just like the rest of them.
