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The stimulus failure, broken down....

Discussion in 'Political Debate & Discussion' started by Bro. Curtis, Sep 15, 2011.

  1. Bro. Curtis

    Bro. Curtis <img src =/curtis.gif>

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    Go ahead and TRY to argue these points.....



    (1) The president's economic advisors projected that in the stimulus would halt unemployment at eight percent. In its absence, they warned, unemployment could reach as high as nine percent. This was a major selling point of the bill. Two years and hundreds of billions of dollars later, the national unemployment rate remains above nine percent, and the numbers aren't improving. If the active labor force were the same size as it was when Obama took office (it has shrunk considerably due to discouraged workers), the national unemployment rate would be approaching 12 percent.
    (2) The president said the stimulus would "lift two million Americans from poverty." US poverty levels have now reached all-time highs. In the year after the stimulus passed, 2.6 million Americans fell into poverty.
    (3) The president said middle class family incomes would soar by thousands of dollars thanks to his stimulus. As reported above, the national median income (a good measure of the middle class' collective financial standing) has dipped to its lowest level since 1997.
    (4) The president incessantly trumpeted the promise of countless "shovel-ready" projects to sell the public on the stimulus. Earlier this year, Obama himself joked that such projects didn't really exist. Hilarious!
    (5) The president guaranteed "unprecedented transparency" in the process of doling out stimulus dollars. Funds were then released to phantom Congressional districts and tax cheats, and were used to subsidize wasteful, redundant, and useless pork projects. As we now know, this "unprecedented transparency" also entailed rushing approval for reckless multimillion dollar loan guarantees to a politically-connected "green" firm, ignoring internal warning flags, and deliberately concealing evidence of impending failure until it was too late for Congress to intervene. Unprecedented!
    (6) As I've discussed on several occasions, even if you *fully accept* the White House's own "jobs saved and/or created by the stimulus" numbers (OMB pegs this statistic at 2.4 million, still a million short of the presidents boasts in 2009), the math works out to nearly $300,000 per job. Early analysis suggests that the president's new jobs plan would likely trigger a reprise of that breathtakingly inefficient undertaking. Also, an independent on-the-ground study that doesn't rely on flawed government multipliers and formulas to measure the stimulus' true employment impact reveals that OMB and CBO's numbers are way off.
    (7) Roughly two million fewer Americans have jobs today than when the stimulus passed.


    Team zero = dummies.


    http://townhall.com/tipsheet/guybenson/2011/09/15/memo_to_liberals_yes,_the_2009_stimulus_failed
     
  2. targus

    targus New Member

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    I predict that investigations will show that Team zero = criminals.
     
  3. Bro. Curtis

    Bro. Curtis <img src =/curtis.gif>

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    You are quite correct. I hereby ammend my comment....

    Suppoters of team zero = dummies.


    Meaning, if you still support Obama after everything he has done, I fear you must be brainless.
     
  4. billwald

    billwald New Member

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    Bush's stimulus?
     
  5. targus

    targus New Member

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    Bush didn't see to it that all those millions and millions and millions went to the special interests of Obama's campaign fund raisers.

    BTW - a huge amount of the first stimulus money is still unspent so why do they need more?
     
  6. InTheLight

    InTheLight Well-Known Member

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    Indeed. Bush's stimulus program was about $150 billion and it was direct payments to taxpayers.

    Last I heard it was about $160 Billion that wasn't spent, but that was about 6 months ago, IIRC. However, I believe all the money has been doled out, that is, the funds have been awarded and now it's up to the state and local recipients to spend it.
     
  7. targus

    targus New Member

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    I heard something on the radio yesterday about millions from the last stimulus being set aside for a bridge - a supposedly "shovel ready" project.

    The bridge repairs are being held up by law suits filed by an environmental group.

    In the mean time the bridge remains closed.
     
  8. poncho

    poncho Well-Known Member

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    Hard to believe our centrally planned economic system could fail isn't it?

    I don't look for any meaningful investigations of wrong doing by anyone involved.
     
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