I will provide the Facts, the Facts will provide the obvious answer. The red line represents Reality, the dark blue line represents what Obama's 900 Billion subprime PORKULUS was supposed to deliver, and the grey line represents the horrors of a non-intervening government. Clearly PORKULUS I was a complete and utter failure by any and every measure. By Obama's own measurement, not only did PORKULUS FAIL to improve employment, passing it was worse than doing nothing. ....The fact that Obama is pushing PORKULUS II....is why even Obama would vote YES in the poll. I hope all you Keynesians learned a valuable lesson.......at 900 Billion--The Largest Spending Bill in World History......it was clearly the most expensive lesson your grandchildren have bought you to date. . . . .
Sigh... http://www.politifact.com/truth-o-m...k-perry-says-2009-stimulus-created-zero-jobs/ http://www.factcheck.org/2010/09/did-the-stimulus-create-jobs/ http://www.usatoday.com/money/economy/2010-08-30-stimulus30_CV_N.htm http://thehill.com/blogs/on-the-money/801-economy/99915-cbo-finds-stimulus-bill-boosted-job-growth
If you ignore reality and place all your beliefs in computer models.....then Stimulus created 3 million jobs and the economy is booming..... Government Spending x Projected Job Growth Rate = Number of Jobs Created ......is how every job was "saved" and how every job was "created". 3 million jobs were created in Imaginationland, on computer screens, and on paper......Reality however has failed to cooperate. . . .
The reason the unemployment rate isn't lower right now is because the stimulus wasn't large enough. Beyond that, it did exactly what it was supposed to do, albeit on a smaller scale.
now Obama, in his latest pity campaign, claims that there are 156 bridges across the nation in need of immediate structural repair - therefore we must "pass the bill". my answer to that is - why didn't you fix the bridges with the first trillion in stimulus that was supposed to go to shovel ready jobs?
"It wasnt big enough"--The Largest Spending Bill in World History ....uttered after every Statist stimulus program in World History.....From The Raw Deal to PORKLUS, .... and prior to Michael Scott's Thats what she said. . . .
According to the BLS, in Feb 09, there were 141.7 million people employed in this country. As of May 2011, the last month for which there are numbers, there were 139.8 million people employed in this country. I leave the math to you.
All that money should have been distributed to every family in the form of PIZZA VOUCHERS ! 1 per family per week to be spent on a large Pizza of any PIZZA takeout brand. The job creation would have occurred in PIZZA makers..delivery dudes and dudetes.. and in Pizza supply chain delivering Pizza supplies. The nation would enjoy 1 meal per week free..just like congress gets every day. The Happy factor would increase a National bond..a Greasy city on a hill so to speak. Real investment would show real results after week 1. Think this is stupid? At least my plan would NOT have 500 million disappear..with ZERO in return. Only the public would pick n choose their Pizzas..so free markets would determine which Pizza chains survived or not. End hunger..end despair..and be Happy
Complete failure? No. It wasn't a complete success either, mostly because it focused too much on weak forms of stimulus, not enough on strong ones. It could have been too small, but that's hard to say because too much of it went toward inefficient means of stimulus. But it was better than nothing. Since the country is not dead or terminal, I consider that a positive. If a pain medication reduces some of the pain it's better than nothing (unless it kills you... okay, bad analogy. Killing you would reduce all of the pain, but I think you get my point).
That would be like the nation is a person on a table in a hospital..4 different doctors dont know what to do..blood is everywhere. The 1st responder gives him some oxygen and holds their hand..and says "gee ..it's better than doing nothing " The patient still dies. and he gets sued and the doctors get rewarded for being smart.. If you aint the cure.. get outta the way.
Except the nation is not dead or dying after the stimuluis and is in fact better off. So it's really more like those electric thingies being used to stabilizea patient after a heart attack. The problem was it wasn't enough and the patient needs another jolt. But conservatives have decided there's not time for that and they need to go for the last minute hail mary approach of... unplugging all life support systems and praying for quick recovery.
Why dont Democrats like effective and efficient stimulus? As the graph and the facts show.....it was worse than doing nothing. Without Obama and his 900 Billion Subprime PORKULUS to nowhere...... .......would we all be dead by now? . . .
The problem was that the stimulus was designed to stimulate democratic campaign contributors instead of the economy. Pretty much all the special interest groups associated with the democratic party were paid off by the stimulus. I expected roads and bridges to be fixed. Instead it was wasted on things like the homebuyer credit and Cash for clunkers, neither of which helped.
You couldn't be more wrong. Unless you mean the money laundering and pandering to unions, etc. Because that went well.
It was passed as a whole and should be judged as such. In those terms, indeed, complete failure, it failed to accomplish what it was advertised to accomplish.
Didn't see any stimulus on MY Street , did you ? In that regard , the Stimulus did fail .. yes it didn't get out to the people that needed the help . many of whom now get their mail under their local bridges . pun intended . However , the stimilous package was actually pushed through in emergency sessions of both the House & Senate in the last month of the Bush Presidency as a stop-gap fund to keep the big banks alive , and AIG & GM & Wall Street. I would also like to add that a lot of that money is still there , hasn't been spent yet , and that's the problem . The money never got where it needed to go to get the economy back on track.. last weeks Senate hearings into CitiBank Exec's theft of Billions of taxpayer dollars showed where Bush's Stimulus money actually went . it went in their pockets , and he other Big Banks did the same thing... And once again , the HillBilly has spoken ....
Yes...If only the money would have been delivered to the undersides of bridges......surely there would be millions of jobs created. Your confusing TARP with Stimulus I--Rise of the Pork.......... . . .
I don't think everyone knows what a failure it is. Because for this one will need to factor in a lot of things and most people do not have the cognitive capacity to figure it out. With my investor hat on: But, it will fail. This stimilus appears to be drafted by bankers and investment industry. What will result are three things: 1) Lower revenue for Federal and State governments; Easy to see why, =tax cuts. 2) higher long term debt and cost for States School districts: easy to see why, hire more staff, creat more debt and cost. 3) More long term debt for States because of the infrastructure cost: easy to see, new start ups will be in effect in about 1 year on the fast track, then when the fed money runs out, guess what? more debt for the States to fininsh the new infrastructure projects, and more borrowing and interest cost for the long term. So who benifits: a few people do for a short term: 1) Buisness will hire but once their State tax obligations go up they will lay off the same or more lazy workers to meed the State tax demand. 2) The schood districts will need to make cuts when the States can't continue to pay for the larger cost of public schools. The teachers without tenure will be let go. 3) the consturction industry and gravel/mining will benifit only for a year or two, and when the money runs out, they will be back on Union unemployment benifits again. In fact, some may go out of buisness because of lack of funds for completing the project. So you see, this stimulis plan of the 1930s is a fail, and the government Congress has no real plan to do anything, because, there is no growth, and the only game for capitalism is on the government. Who will win in all this: Guess who? Who benifits from all this? The investment industry and banking industry. They will continue to profit off interest of the State's debts and loans to pay off all the projects this stimulis has started.
