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Bullshit. The Congressional Budget Office, Moody, and JP Morgan all say the same thing: 2.5 million jobs created or saved. The evidence is overwhelming that it saved the economy from the brink of collapse.
The Congressional Budget Office is a propaganda organ. If Moody and JP Morgan said that, there are plenty of other companies and financial experts who said just the opposite. Your argument is an appeal to authority - a logical fallacy, in other words.
[How else do you explain how that masive job loss rate that began in Sept of 08 turned into a recovery 6 months into Obama's presidency?
Go ahead tell me. How else was that economic shift so radical if it wasn't the Recovery Act that did it
All recessions end. In fact, the evidence shows that they end faster if government doesn't attempt to solve them. Government didn't ever get into the business of curing business slumps until the Herbert Hoover administration.
You obviously dont even understand what the CBO is. Okay prove me wrong, Show me the facts. As in reliable information not coming from actual propaganda machines like Fox News or Forbes.
Oh please. That recession was radically different from any other. We were losing 500,000+ jobs a MONTH. We were months away from a great depression. The job loss rate was not slowing down. Once the act was passed, that massive job loss rate turned to growth within months. You actually think the market corrected on its own that quickly and that dramatically? No way. Thats impossible.
The Congressional Budget Office is a propaganda organ. If Moody and JP Morgan said that, there are plenty of other companies and financial experts who said just the opposite. Your argument is an appeal to authority - a logical fallacy, in other words.
All recessions end. In fact, the evidence shows that they end faster if government doesn't attempt to solve them. Government didn't ever get into the business of curing business slumps until the Herbert Hoover administration.
You obviously dont even understand what the CBO is. Okay prove me wrong, Show me the facts. As in reliable information not coming from actual propaganda machines like Fox News or Forbes.
Oh please. That recession was radically different from any other. We were losing 500,000+ jobs a MONTH. We were months away from a great depression. The job loss rate was not slowing down. Once the act was passed, that massive job loss rate turned to growth within months. You actually think the market corrected on its own that quickly and that dramatically? No way. Thats impossible.
the bailout rescued the financial system but Obama's stimulus did little to help us out of the recession since only 15% was even spent before the recession ended....however it DID triple the deficit....
Confirmed: Obama Stimulus Did Not Lift US Out of Depression? But It Did Triple the Deficit | The Gateway Pundit!
I swear to god the most simple of nuance escapes you people. The economy lost about 5 million jobs. The stimulus created 2.5 million jobs. I already went through this. Obviously if the act was bigger like it was meant to be, we would be out of this mess. You can blame republicans for that.
The stimulus worked to a large extent. It was simply undermined by corrupt assholes. How do we fix our high unemployment rate? More demand side economic policies like the stimulus.
Excuse me, but can you link me to where a reputable source says anything about Obama creating 2.5 million jobs at ANY POINT in his presidency? You're sitting there playing the blame game, but you are unable to substantiate your claims. And to which "stimulus" are you referring, by the way?
Don't play dumb. You and I have already discussed this extensively. I provide ample, non partisan evidence that 2.5 million jobs were created or saved through the act. I did an entire thread on it a few weeks back and you know it.
Excuse me, but can you link me to where a reputable source says anything about Obama creating 2.5 million jobs at ANY POINT in his presidency? You're sitting there playing the blame game, but you are unable to substantiate your claims. And to which "stimulus" are you referring, by the way?
Don't play dumb. You and I have already discussed this extensively. I provide ample, non partisan evidence that 2.5 million jobs were created or saved through the act. I did an entire thread on it a few weeks back and you know it.
Key words are "I provide." I will take facts over your opinions please. You can either prove it created 2.5 million jobs, or accept that you were wrong. Funny how it was "created" now it's "created or saved." Funny I remember the Obama administration pulling a similar stunt.
NOW PROVE IT.
You know you are wrong. You are clearly racist. You aren't fooling anyone addressing his skin color in that context.
That's your opinion. Opinions are like ass holes, everyone's got one and all of them stink.
Now you want to answer my question?
My arsenal of what? What are you even talking about?
You obviously dont even understand what the CBO is. Okay prove me wrong, Show me the facts. As in reliable information not coming from actual propaganda machines like Fox News or Forbes.
Oh please. That recession was radically different from any other. We were losing 500,000+ jobs a MONTH. We were months away from a great depression. The job loss rate was not slowing down. Once the act was passed, that massive job loss rate turned to growth within months. You actually think the market corrected on its own that quickly and that dramatically? No way. Thats impossible.
the bailout rescued the financial system but Obama's stimulus did little to help us out of the recession since only 15% was even spent before the recession ended....however it DID triple the deficit....
Confirmed: Obama Stimulus Did Not Lift US Out of Depression? But It Did Triple the Deficit | The Gateway Pundit!
Random googling. Always a classic USMB tactic.
Why am I not surprised you went against my wishes and posted biased crap like the Gateway? That graph measures GDP. It says nothing about job growth which is the topic of our conversation you idiot. Oh, and by the way. The Recovery Act increased our GDP by 2%.
the bailout rescued the financial system but Obama's stimulus did little to help us out of the recession since only 15% was even spent before the recession ended....however it DID triple the deficit....
Confirmed: Obama Stimulus Did Not Lift US Out of Depression? But It Did Triple the Deficit | The Gateway Pundit!
Random googling. Always a classic USMB tactic.
Why am I not surprised you went against my wishes and posted biased crap like the Gateway? That graph measures GDP. It says nothing about job growth which is the topic of our conversation you idiot. Oh, and by the way. The Recovery Act increased our GDP by 2%.
2 Percent GDP without adjusting for inflation of the increased money supply. Also, 2 percent is considered nothing special in the first place. That's business as usual. The reality is that the stimulus was waste. Saying it was a positive is laughable.
2% is a lot in those terms.
That's your opinion. Opinions are like ass holes, everyone's got one and all of them stink.
Now you want to answer my question?
My arsenal of what? What are you even talking about?
I've noticed your lack of reading comprehension so I'll proved the question in a less congested area of the post.
All 5 terms in my opinion are accurate, you would consider all of them negative, so why only focus on the one that there is no dispute of it's accuracy?
Just so you understand the underlined part is the actual question, and the biggest clue is it ends in a question mark. If you have a need for any further clarification feel free to ask.
You obviously dont even understand what the CBO is. Okay prove me wrong, Show me the facts. As in reliable information not coming from actual propaganda machines like Fox News or Forbes.
Oh please. That recession was radically different from any other. We were losing 500,000+ jobs a MONTH. We were months away from a great depression. The job loss rate was not slowing down. Once the act was passed, that massive job loss rate turned to growth within months. You actually think the market corrected on its own that quickly and that dramatically? No way. Thats impossible.
the bailout rescued the financial system but Obama's stimulus did little to help us out of the recession since only 15% was even spent before the recession ended....however it DID triple the deficit....
Confirmed: Obama Stimulus Did Not Lift US Out of Depression? But It Did Triple the Deficit | The Gateway Pundit!
Random googling. Always a classic USMB tactic.
Why am I not surprised you went against my wishes and posted biased crap like the Gateway? That graph measures GDP. It says nothing about job growth which is the topic of our conversation you idiot. Oh, and by the way. The Recovery Act increased our GDP by 2%.
Random googling. Always a classic USMB tactic.
Why am I not surprised you went against my wishes and posted biased crap like the Gateway? That graph measures GDP. It says nothing about job growth which is the topic of our conversation you idiot. Oh, and by the way. The Recovery Act increased our GDP by 2%.
2 Percent GDP without adjusting for inflation of the increased money supply. Also, 2 percent is considered nothing special in the first place. That's business as usual. The reality is that the stimulus was waste. Saying it was a positive is laughable.
I dont think you quite understand how GDP works. I do believe it was you that said printing money increases GDP.
OP- Same strategy as always- Deregulate, put cronies in charge of Wall St. and business, have a gigantic corrupt bubble for insider,make them tons of money, then leave the nonrich and the country holding the bag...BRILLIANT.
AND CUT TAXES, AND FEDERAL AID TO STATES, WHICH STATES AND LOCALITIES MAKE UP FOR WITH THEIR TAXES WHICH HIT THE NONRICH, RUINING DEMAND. WHICH IS WHY everyone BUT THE POOREST ARE PAYING 21 PER CENT IN ALL TAXES NOW, AND THE POOREST 16, AND RICHEST MAKE OUT LIKE BANDITS...
GD SHIFT KEY...
A good way to stop typing in caps is to stop pressing the shift key....
the bailout rescued the financial system but Obama's stimulus did little to help us out of the recession since only 15% was even spent before the recession ended....however it DID triple the deficit....
Confirmed: Obama Stimulus Did Not Lift US Out of Depression? But It Did Triple the Deficit | The Gateway Pundit!
Random googling. Always a classic USMB tactic.
Why am I not surprised you went against my wishes and posted biased crap like the Gateway? That graph measures GDP. It says nothing about job growth which is the topic of our conversation you idiot. Oh, and by the way. The Recovery Act increased our GDP by 2%.
what job growth.....? i don't see any of that either....
2 Percent GDP without adjusting for inflation of the increased money supply. Also, 2 percent is considered nothing special in the first place. That's business as usual. The reality is that the stimulus was waste. Saying it was a positive is laughable.
I dont think you quite understand how GDP works. I do believe it was you that said printing money increases GDP.
If you're questioning whether printing money increases GDP, then I know that you don't know how GDP works.
I dont think you quite understand how GDP works. I do believe it was you that said printing money increases GDP.
If you're questioning whether printing money increases GDP, then I know that you don't know how GDP works.
Don't play dumb. You and I both know that in a previous thread you argued with Faun that printing money increases GDP. A shocking display of ignorance.
My arsenal of what? What are you even talking about?
I've noticed your lack of reading comprehension so I'll proved the question in a less congested area of the post.
All 5 terms in my opinion are accurate, you would consider all of them negative, so why only focus on the one that there is no dispute of it's accuracy?
Just so you understand the underlined part is the actual question, and the biggest clue is it ends in a question mark. If you have a need for any further clarification feel free to ask.
Perhaps you are too stupid to understand I wasn't disputing your accuracy. I was pointing out your context which was clearly racist. How are you not getting this?
Random googling. Always a classic USMB tactic.
Why am I not surprised you went against my wishes and posted biased crap like the Gateway? That graph measures GDP. It says nothing about job growth which is the topic of our conversation you idiot. Oh, and by the way. The Recovery Act increased our GDP by 2%.
what job growth.....? i don't see any of that either....
Do I really need to explain this again? The economy LOST 5 million jobs. The stimulus created 2.5 million. I already made the point that the bill was TOO SMALL. Had it been bigger like it was supposed to be, we would be out of this mess and the unemployment rate would be better.
Don't play dumb. You and I have already discussed this extensively. I provide ample, non partisan evidence that 2.5 million jobs were created or saved through the act. I did an entire thread on it a few weeks back and you know it.
Key words are "I provide." I will take facts over your opinions please. You can either prove it created 2.5 million jobs, or accept that you were wrong. Funny how it was "created" now it's "created or saved." Funny I remember the Obama administration pulling a similar stunt.
NOW PROVE IT.
I already did dumbass. If someone else on this board wants me to prove it to them I will, but I am not playing this game with you. You know I have before so give it a rest.
If you're questioning whether printing money increases GDP, then I know that you don't know how GDP works.
Don't play dumb. You and I both know that in a previous thread you argued with Faun that printing money increases GDP. A shocking display of ignorance.
I never denied that printing money increases GDP. I thought I had just backed up that point outright. What do you think GDP is? It's the value of goods and services. If the govt. prints $500 billion in money, and the benefactors produce $300 billion in goods and services with that money, then GDP has went up $300 billion. But that doesn't mean that there isn't $200 billion in waste.
That's why, GDP is a better measure when accounted inflation. A two percent increase in GDP does not mean that the economy improved two percent even on a superficial level. The inflation needs to be accounted for. Furthermore, if you've done massive borrowing/printing money, you've effectively lessened your prospects long term. The idiots who argue that the stimulus was good are making arguments akin to buying a TV on a credit card and saying that it's all good. No, you just created a non return on investment and you've racked up your debt.
what job growth.....? i don't see any of that either....
Do I really need to explain this again? The economy LOST 5 million jobs. The stimulus created 2.5 million. I already made the point that the bill was TOO SMALL. Had it been bigger like it was supposed to be, we would be out of this mess and the unemployment rate would be better.
really....? ....then why is the Bureau of Labor Statistics' chart flat as a pancake from 2010 on....?
