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Tell us where unemployment and GDP would been at the end of 2009, at the end of 2010, and today, if there had not been a stimulus bill.
Be specific, and tell us exactly how you know your numbers are correct.
Well in 1920 Coolidge and SecTres Mellon had 12% unemployment, they cut taxes and government spending and in 18 months unemployment was 4%. A year later you could not find an unemployed person in the USA.
I wonder how deleveraging after a war differs from the aftermath of a financial crisis.
Also, if cutting taxes is such a magic bullet, why didn't the economy boom over the last decade?
Actually the stimulus worked great.
It saved us from another Great Depression.
If trillion dollar deficits, 9% unemployment, and GDP growth of under 2% is working Id hate to see your definition of failure.
Tell us where unemployment and GDP would been at the end of 2009, at the end of 2010, and today, if there had not been a stimulus bill.
Be specific, and tell us exactly how you know your numbers are correct.
Actually the stimulus worked great.
It saved us from another Great Depression.
If trillion dollar deficits, 9% unemployment, and GDP growth of under 2% is working Id hate to see your definition of failure.
Tell us where unemployment and GDP would been at the end of 2009, at the end of 2010, and today, if there had not been a stimulus bill.
Be specific, and tell us exactly how you know your numbers are correct.
If trillion dollar deficits, 9% unemployment, and GDP growth of under 2% is working Id hate to see your definition of failure.
Tell us where unemployment and GDP would been at the end of 2009, at the end of 2010, and today, if there had not been a stimulus bill.
Be specific, and tell us exactly how you know your numbers are correct.
OFGFS...
we know where they aren't...
The 2009 GDP was $14.119 tril. The Deficit was $1.4 tril. Take that away then 2009 GDP would have been a Depression Level, 20% less at $12.16 tril. The following year, with the the $.1.3 tril. federal deficit of that year, then A Greatest Depression Ever would have been a GDP of $10.34 tril. It would have been cratering, of course, a lot faster than that!
At Last, the U.S. Begins a Serious Fiscal Debate
The Greatest Depression Ever is what the Party of Boehner/Cantor/McConnell/Romney/Santorum/Huntsman/Roemer/Cain/Palin/Bachman/Paul-Paul, et. al.--and Pinochio--are all really for, even now.
It's on their permanent records!
"Crow, James Crow: Shaken, Not Stirred!"
(Party of Abraham Lincoln already famous for taking human life and prosperity away--and bailing out bankers, instead. Now Many want the current GDP at $10.0 tril, taking $4.0 tril. away!)
If trillion dollar deficits, 9% unemployment, and GDP growth of under 2% is working Id hate to see your definition of failure.
Tell us where unemployment and GDP would been at the end of 2009, at the end of 2010, and today, if there had not been a stimulus bill.
Be specific, and tell us exactly how you know your numbers are correct.
Unemployment would have been about 9% at the height of the recession. Today it would be about 7%. GDP growth would be about 4%.
This is based on past recoveries. The evidence is pretty strong. The '86 recession was about this severe and those are the numbers we got then.
Well in 1920 Coolidge and SecTres Mellon had 12% unemployment, they cut taxes and government spending and in 18 months unemployment was 4%. A year later you could not find an unemployed person in the USA.
I wonder how deleveraging after a war differs from the aftermath of a financial crisis.
Also, if cutting taxes is such a magic bullet, why didn't the economy boom over the last decade?
It makes it harder as vets are returned to the job market and dislocations of goods and services are rationalized back into the peacetime economy.
Tell us where unemployment and GDP would been at the end of 2009, at the end of 2010, and today, if there had not been a stimulus bill.
Be specific, and tell us exactly how you know your numbers are correct.
OFGFS...
we know where they aren't...
Oh, I see. The New Plan is to get unemployment down to 8% in time for the election. The problem with the original projections was that they were inverted! Instead of unemployment peaking at 8%, the minimum dip should have been down to 8%.
Well...if 4M more people drop out of the labor force, they just might be able to pull it off.
Once again job numbers are out. The results are dismal. We now have 9.1% unemployment, not counting those who have given up. Economists expected job creation to be 160k. We got just 54k. Manufacturing lost jobs for the first time in 7 months.
This isn't a recovery. IN a recovery jobs are stable, overtime increases, temporary work increases and then permanent employment increases. We are seeing continued job losses.
So the promise of Obama's stimulus to add however many jobs to the economy is a lie. It is a total failure.
In a British style parliamentary system they would stage a no-confidence vote in Obama. They would win.
Actually the stimulus worked quite well.
It saved us from another Great Depression.
And it saved our auto industry, our banking system, and our real estate industry.
Tell us where unemployment and GDP would been at the end of 2009, at the end of 2010, and today, if there had not been a stimulus bill.
Be specific, and tell us exactly how you know your numbers are correct.
Unemployment would have been about 9% at the height of the recession. Today it would be about 7%. GDP growth would be about 4%.
This is based on past recoveries. The evidence is pretty strong. The '86 recession was about this severe and those are the numbers we got then.
What evidence? All you did was make up numbers.
Unemployment would have been about 9% at the height of the recession. Today it would be about 7%. GDP growth would be about 4%.
This is based on past recoveries. The evidence is pretty strong. The '86 recession was about this severe and those are the numbers we got then.
What evidence? All you did was make up numbers.
I gave the evidence. It is historical fact. We should be seeing much better numbers than we've seen. Especially given the unprecedented intervention by the gov't in the economy.
Unless, of course that intervention is actually the problem...hmm.....
Actually the stimulus worked quite well.
It saved us from another Great Depression.
And it saved our auto industry, our banking system, and our real estate industry.
I thought you were against corporate welfare? Or is it just when a black man does it?
Actually the stimulus worked quite well.
It saved us from another Great Depression.
And it saved our auto industry, our banking system, and our real estate industry.
I thought you were against corporate welfare? Or is it just when a black man does it?
When an economy is going into a deflationary spiral, the government has to be the demand of last resort.
Bush, Obama, and Congress all understood that and to their credit prevented another Great Depression.
I thought you were against corporate welfare? Or is it just when a black man does it?
When an economy is going into a deflationary spiral, the government has to be the demand of last resort.
Bush, Obama, and Congress all understood that and to their credit prevented another Great Depression.
This idiotic theory was debunked 70 years ago with the Great Depression. Gov't turned a severe recession into a Great Depression by its actions. It looks like we are headed the same direction today.
When an economy is going into a deflationary spiral, the government has to be the demand of last resort.
Bush, Obama, and Congress all understood that and to their credit prevented another Great Depression.
This idiotic theory was debunked 70 years ago with the Great Depression. Gov't turned a severe recession into a Great Depression by its actions. It looks like we are headed the same direction today.
Wrong.
Corporate fear and greed created the Great Depression.
"We have nothing to fear except fear itself."
And we have had 15 straight months of job growth, plus the economy is growing.
