Getbig.com: American Bodybuilding, Fitness and Figure
Getbig Main Boards => Politics and Political Issues Board => Topic started by: Straw Man on February 14, 2009, 12:16:08 PM
-
Since no Repubs in the House voted for it shouldn't they really refuse to accept any of the $$$?
I mean it's not going to create any jobs anyway ::) so it really won't make any difference if they don't take the $$$.
Come on Repubs - That would be walkng your talk
-
Since no Repubs in the House voted for it shouldn't they really refuse to accept any of the $$$?
hahaha palin, crist, and arnold lining up to kiss obama's ass for the $.
-
What I want to know is where is the money coming from?
Inhofe: Stimulus Largest Spending Bill in History
Saturday, February 14, 2009 2:26 PM
By: Senator Jim Inhofe
Sadly, America just embarked on an unprecedented slide toward the failed model of the stagnant Western European social welfare state. The lost wealth creation, lost jobs, crushed innovation, and quite simply the encroachment of economic freedoms contained in this bill mark one of the most ghastly turning points in U.S. economic history. This day and this vote will long live as the day America turned its back on its reliance on free men and free markets.
Today the Democrats voted to pass the largest spending bill in the history of the world.
Editor�s Note: To see Sen. Inhofe's video, Go Here Now.
In just the few short hours that the final version of the massive stimulus bill had been posted online for the public to review, we had discovered a multitude of outlandish provisions in this legislation.
Just imagine, if we had just a little more time, how much more we could have exposed!
But Democrats in Congress were anxious to pass this bill before the American public found out exactly what was in there. The House did, with zero Republicans voting for the bill and six Democrats joining in opposition.
Our ground troops were hard at work. I want to thank all of you, from the Heritage Foundation and Americans for Prosperity to talk radio leaders to bloggers to the thousands of conservative activists who poured through every square inch of this bill to expose just a few of the ridiculous items in this bill.
Here are some of the more outrageous items included in this massive spending bill already to have been exposed:
# This bill provides more than $1 billion dollars to create a new layer of bureaucracy within the Department of Health and Human Services laying the groundwork for Hillary Health Care. Basically, this bill contains a provision that could lead to the rationing of health care for Americans in the future.
# Next, there is a provision within the Stimulus Package that prohibits colleges and universities with a religious mission, those that allow faith-based student groups, or those who rent their facilities for worship services from receiving federal funding for building renovations and repairs. This is clearly discrimination and a violation of our religious liberties and could lead to costly litigation for these institutions.
# On tax cuts, the news doesn't get any better. The bill went into conference with 35% tax cuts and 65% spending. It's coming out of conference with 27% tax cuts and 73% spending. The tax relief portion amounts to $8 dollars in additional take-home pay per week for the average American worker, or a little more than an extra $1 dollar per day.
# This bill will contribute to a $3.5 trillion expansion of federal debt in 2009 and 2010--a staggering $30,000 in new debt per household, dumped into the laps of our children and grandchildren.
So there you have it. But remember 1992 -- the Democrats controlled everything -- the White House -- the House and the Senate -- and what happened? Spending skyrocketed, Hillary Health Care... you remember. But you also remember what happened in 1994. You know, history does have a way of repeating itself.
http://www.newsmax.com/insidecover/inhofe_stimulus_spending/2009/02/14/181975.html
-
Since no Repubs in the House voted for it shouldn't they really refuse to accept any of the $$$?
I mean it's not going to create any jobs anyway ::) so it really won't make any difference if they don't take the $$$.
Come on Repubs - That would be walkng your talk
Did you read the bill? Do you think it'll put America back on track? Why do we want to go back to the economy we had 4 years ago when it was a phony economy as the Fed has already admitted? Should politicans be voting for something they didn't even have a chance to read? Is that fair to Americans? Just asking for an opinion, no sarcasm on my part. Thanks.
-
-
Did you read the bill? Do you think it'll put America back on track? Why do we want to go back to the economy we had 4 years ago when it was a phony economy as the Fed has already admitted? Should politicans be voting for something they didn't even have a chance to read? Is that fair to Americans? Just asking for an opinion, no sarcasm on my part. Thanks.
I agree that the process where they vote of the huge bills that they've never even read is weird but it's nothing new (which doesn't justify it). The same is true of the Patriot Act and the Iraq War legislation etc...
Honestly - the hole we find ourselves in thanks to reckless republican (and plenty of dems) borrowering and spending is probably going to make things fucked up for years to come. I have no clue if this bill will help but the guy I voted for President wants it so I'm willing to give him the benefit of the doubt and actually wait for some results before passing judgement
-
Since no Repubs in the House voted for it shouldn't they really refuse to accept any of the $$$?
I mean it's not going to create any jobs anyway ::) so it really won't make any difference if they don't take the $$$.
Come on Repubs - That would be walkng your talk
again if they can abstain from paying for this spending fiasco im sure most of them would say no to the money, simply creating jobs is one thing, creating jobs in the most efficient way possible as to get the economy going now is another this bill doesnt do that.
-
I agree that the process where they vote of the huge bills that they've never even read is weird but it's nothing new (which doesn't justify it). The same is true of the Patriot Act and the Iraq War legislation etc...
Honestly - the hole we find ourselves in thanks to reckless republican (and plenty of dems) borrowering and spending is probably going to make things fucked up for years to come. I have no clue if this bill will help but the guy I voted for President wants it so I'm willing to give him the benefit of the doubt and actually wait for some results before passing judgement
Fair enough. the real problem I have with the whole thing is that they are trying to take the economy back to where it was 4 years ago but that economy was a mirage and that's what the market is telling us today. What is so hard to understand about this? The constant intervention and bubble creation in the economy has to stop.
-
again if they can abstain from paying for this spending fiasco im sure most of them would say no to the money, simply creating jobs is one thing, creating jobs in the most efficient way possible as to get the economy going now is another this bill doesnt do that.
I know what you mean. I would have preferred none of my tax $$$'s went to that spending fiasco in Iraq and it's to bad with this legislation that I won't get to throw around bundles of 100 dollar bills like a football. I wonder if Obama's crew will show up in my neighborhood with bags full of cash and just start handing it out like we did in Iraq
Let's be honest - neither you nor I or anyone will know how effective this bill will be in re-igniting the economy for at least 12 months
-
Fair enough. the real problem I have with the whole thing is that they are trying to take the economy back to where it was 4 years ago but that economy was a mirage and that's what the market is telling us today. What is so hard to understand about this? The constant intervention and bubble creation in the economy has to stop.
I really think (hope) the plan is to get some much needed work done here in the US (I believe Reagan was the first Prez to defer maintenance of infrastructure as part of his plan to trim costs to pay for his tax cuts) and to prime the pump so to speak for the rest of the economy.
-
I know what you mean. I would have preferred none of my tax $$$'s went to that spending fiasco in Iraq and it's to bad with this legislation that I won't get to throw around bundles of 100 dollar bills like a football. I wonder if Obama's crew will show up in my neighborhood with bags full of cash and just start handing it out like we did in Iraq
Let's be honest - neither you nor I or anyone will know how effective this bill will be in re-igniting the economy for at least 12 months
LOL bro you keep harping on bushes fiascos and thats fine seems like barry is setting up to screw things up too and your whole heartedly behind him.
LOL your right we have no idea which is why they need to SLOW THE FUK DOWN and process this so that it WILL have a direct and quick impact, not one that will take 2 yrs to show up, not one that has pet projects etc... NOBODY EVEN READ THE BILL BEFORE THEY VOTED ON IT you dont see a problem with that? oh but its business as usual ::) this is 800 fuking billion dollars bro taxes up our asses for generations and we cant even take time to READ THE FUKER ::) this will be barrys downfall and he deserves it if he lets this thing through.
-
anything that is in this bill that gets passed into legislation will be on barrys head as either him approving of it or at the very least not disapproving of it as you heard the man say "line by line" as in he will go over spending line by line.
-
LOL bro you keep harping on bushes fiascos and thats fine seems like barry is setting up to screw things up too and your whole heartedly behind him.
LOL your right we have no idea which is why they need to SLOW THE FUK DOWN and process this so that it WILL have a direct and quick impact, not one that will take 2 yrs to show up, not one that has pet projects etc... NOBODY EVEN READ THE BILL BEFORE THEY VOTED ON IT you dont see a problem with that? oh but its business as usual ::) this is 800 fuking billion dollars bro taxes up our asses for generations and we cant even take time to READ THE FUKER ::) this will be barrys downfall and he deserves it if he lets this thing through.
I think I've mentioned a few times now that I'm pretty much giving Obama the benefit of the doubt (for now -) on most stuff even though he's done plenty of things I don't like. Frankly, I think he's wasting too much time and giving up too much of what he wants in an effort to be bi-partisan. I think the guy is far from perfect but I thought the same thing about Bush and I truely remember telling people when Bush got elected that I was going to give him time to do something and hope that he would rise to the occassion.
-
I think I've mentioned a few times now that I'm pretty much giving Obama the benefit of the doubt (for now -) on most stuff even though he's done plenty of things I don't like. Frankly, I think he's wasting too much time and giving up too much of what he wants in an effort to be bi-partisan. I think the guy is far from perfect but I thought the same thing about Bush and I truely remember telling people when Bush got elected that I was going to give him time to do something and hope that he would rise to the occassion.
how did you feel that approach worked out for you on bush? You cant sit on your hands and expect him to do right...Look i agree that something needs to be done quickly that doesnt trump the idea that this bill will be paid for by generations to come and need to be done in a well thought out deliberate manner, not rushed through by ppl trying to get pet projects funded, voted on but never read, shit just crossed out and scribbled by hand. He isnt being bi partisan, the bill was called on shit that SHOULDNT HAVE BEEN IN THERE IN THE FIRST PLACE and he called for it to be taken out...thats not bi partisanship thats being called out for shit that shouldnt happen. He is really doing nothing more then saving face so he can say its bi partisan. This is not a funds bill this is a stimulus bill, you understand the difference? This bill should go into effect right away and in areas with the best bang for the buck, not field mice, not trolly lines or whatever it is etc...I understand that there will probably never be a point where everyone agrees on everything but thats no excuse for the shit that is being pulled right now.
-
Word.
How in the world can they vote on a bill they haven't read? Particularly one of this magnitude? Scary. :-\
-
how did you feel that approach worked out for you on bush? You cant sit on your hands and expect him to do right...Look i agree that something needs to be done quickly that doesnt trump the idea that this bill will be paid for by generations to come and need to be done in a well thought out deliberate manner, not rushed through by ppl trying to get pet projects funded, voted on but never read, shit just crossed out and scribbled by hand. He isnt being bi partisan, the bill was called on shit that SHOULDNT HAVE BEEN IN THERE IN THE FIRST PLACE and he called for it to be taken out...thats not bi partisanship thats being called out for shit that shouldnt happen. He is really doing nothing more then saving face so he can say its bi partisan. This is not a funds bill this is a stimulus bill, you understand the difference? This bill should go into effect right away and in areas with the best bang for the buck, not field mice, not trolly lines or whatever it is etc...I understand that there will probably never be a point where everyone agrees on everything but thats no excuse for the shit that is being pulled right now.
Tell me what "shit" you're talking about.
Most bills have all kinds of things in them that have nothing to do the title of the legislation. That's nothing new. They can call the bill whatever they'd like. The primary purpose is to prime the pump for the economy. Is there some extra stuff in there? No doubt. I don't give a shit. I don't remember Repubs bitching at other Repubs when they wasted all our money on their stupid pet projects One example - Republican Senator Grassley and his $50 million dollar indoor rain forest (of course Grassley is against the current legislation). Kind of funny eh?
I gave Bush the benefit of the doubt because he was new and I wanted to give him a chance to do something first. I figured he would suck but I had no idea at the time just how bad it would be. I'm giving Obama the same chance and he's done a lot more to reach out to Repubs than Bush ever did and pretty much all they've done is spit in his face.
I'm really not spending much time right now thinking about politics. Wake me up if Obama ignores a PDB and let's us get attacked or if he starts a senseless war.
-
Tell me what "shit" you're talking about.
Most bills have all kinds of things in them that have nothing to do the title of the legislation. That's nothing new. They can call the bill whatever they'd like. The primary purpose is to prime the pump for the economy. Is there some extra stuff in there? No doubt. I don't give a shit. I don't remember Repubs bitching at other Repubs when they wasted all our money on their stupid pet projects One example - Republican Senator Grassley and his $50 million dollar indoor rain forest (of course Grassley is against the current legislation). Kind of funny eh?
I gave Bush the benefit of the doubt because he was new and I wanted to give him a chance to do something first. I figured he would suck but I had no idea at the time just how bad it would be. I'm giving Obama the same chance and he's done a lot more to reach out to Repubs than Bush ever did and pretty much all they've done is spit in his face.
I'm really not spending much time right now thinking about politics. Wake me up if Obama ignores a PDB and let's us get attacked or if he starts a senseless war.
dude youre starting to talk like an idiot bro...how is giving money to save field mice gonna prime and pump the economy? youve heard the ridiculous shit thats in this bill bro its all over the news and this board you choose to turn a blind eye or say "hey it creates jobs" ::) everything creates jobs that doesnt mean its worth it.
How has obama reached out to the republicans?
How have they spit in his face?
-
I always find it interesting when people use bad ideas of the past to try and jusitfy a bad idea for the future. It's like 2nd graders who try to jusitfy their bad behavior because the other kid did it too.
Why don't we try to use better examples in history to develop ideas instead of using shit examples to try and pretty up a questionable bill? If the excuse is, "it can't be as bad as the last guy..." well, that doesnt make me feel any better, if the improvment is negligable.
It doesn't help anyone, in my humble opinion.
-
I always find it interesting when people use bad ideas of the past to try and jusitfy a bad idea for the future. It's like 2nd graders who try to jusitfy their bad behavior because the other kid did it too.
Why don't we try to use better examples in history to develop ideas instead of using shit examples to try and pretty up a questionable bill?
It doesn't help anyone, in my humble opinion.
very true alot of ppl who bitched about how bush ran the country are now using it to justify obamas actions.
-
Where is the money coming from?
-
dude youre starting to talk like an idiot bro...how is giving money to save field mice gonna prime and pump the economy? youve heard the ridiculous shit thats in this bill bro its all over the news and this board you choose to turn a blind eye or say "hey it creates jobs" ::) everything creates jobs that doesnt mean its worth it. How has obama reached out to the republicans? How have they spit in his face?
oh we're going with talking points now?
$30 million in an almost 800 Billion dollar bill and Pelosi says she had nothing to do with it:
A spokesman for Mrs. Pelosi, California Democrat, said the claim was "fabricated" by Republicans.
"The speaker nor her staff have had any involvement in this initiative. This is yet another contrived partisan attack," Pelosi spokesman Drew Hammill said. "Restoration is key to economic activity including farming, fisheries, recreation, and clean water."
By spit in his face, I should have clarified that I was talking about Judd Gregg who approached the Obama administration for the job of Secretary of Commerce and went on TV saying he supported the stimulus pakcage only to bail out even though there had been no material changes to the legislation. That is bizarre behaviour and I would characterize it as spitting in his face.
Seriously - I just don't care that much about the stimulus bill (as if it matters what any of us think). I've said this before - I'm going to give Obama (and the Dems) a pass on pretty much everything and let things play out a bit. The guy has been in office for less than a month and the last guy check out mentally years ago. Obama has a massive shit storm to try to fix and if he needs to blow off some steam by clubbing baby seals on the front lawn of the White House you won't hear any objection from me .....at least for now.
-
Where is the money coming from?
maybe the same place we got the trillion dollars and counting for the pointless war in Iraq
-
oh we're going with talking points now?
$30 million in an almost 800 Billion dollar bill and Pelosi says she had nothing to do with it:
A spokesman for Mrs. Pelosi, California Democrat, said the claim was "fabricated" by Republicans.
"The speaker nor her staff have had any involvement in this initiative. This is yet another contrived partisan attack," Pelosi spokesman Drew Hammill said. "Restoration is key to economic activity including farming, fisheries, recreation, and clean water."
By spit in his face, I should have clarified that I was talking about Judd Gregg who approached the Obama administration for the job of Secretary of Commerce and went on TV saying he supported the stimulus pakcage only to bail out even though there had been no material changes to the legislation. That is bizarre behaviour and I would characterize it as spitting in his face.
Seriously - I just don't care that much about the stimulus bill (as if it matters what any of us think). I've said this before - I'm going to give Obama (and the Dems) a pass on pretty much everything and let things play out a bit. The guy has been in office for less than a month and the last guy check out mentally years ago. Obama has a massive shit storm to try to fix and if he needs to blow off some steam by clubbing baby seals on the front lawn of the White House you won't hear any objection from me .....at least for now.
First i never said anything about pelosi or it being her idea or whatever IT DOESNT MATTER WHOS IDEA IT IS ITS NOT NECISSARY IN THIS BILL.
Dude you dont know what happened with gregg, obama ran on being a bi partisan president with bi partisan actions and ideals...he has certainly been anything but gregg could have thought that when he accepted the bid and then realized that obama wasnt living up to his word and bailed especially with the next round of bank bail outs coming down the line.
Again two wrongs dont make a right
-
maybe the same place we got the trillion dollars and counting for the pointless war in Iraq
again justifying barrys actions with actions by bush which you dont approve of?
-
again justifying barrys actions with actions by bush which you dont approve of?
I support Obama's actions
I don't need to justfiy them
-
Could anyone explain how this plan or TARP 2 are radically differnet then any plan the last administration implemented in trying to stimulate the economy?
-
I support Obama's actions
I don't need to justfiy them
im sure youd feel the same way if ppl said that about bush...
-
im sure youd feel the same way if ppl said that about bush...
dude - we're 3 1/2 weeks in
I don't care
I think at this point in the Bush Administration he was already on his first vacation
-
Could anyone explain how this plan or TARP 2 are radically differnet then any plan the last administration implemented in trying to stimulate the economy?
Bush used taxpayer $$$'s to help his banker buddies recoup their losses and pay themselves bonuses
other than that I don't think he gave a shit about stimulating the economy
-
Bush used taxpayer $$$'s to help his banker buddies recoup their losses and pay themselves bonuses
other than that I don't think he gave a shit about stimulating the economy
and obama and mccain were all for it and helped draft and push it through do you not remember that?
-
and obama and mccain were all for it and helped draft and push it through do you not remember that?
I do and I have plenty of criticism for it it too but for the new administration (and the new Congress) I'm willing to wait a few months for some of the legislation to materialize into action and then judge the results.
-
I do and I have plenty of criticism for it it too but for the new administration (and the new Congress) I'm willing to wait a few months for some of the legislation to materialize into action and then judge the results.
NO! Hate them NOW! ;D
-
I do and I have plenty of criticism for it it too but for the new administration (and the new Congress) I'm willing to wait a few months for some of the legislation to materialize into action and then judge the results.
thats reasonable to me but you have to admit you have not just sat there and been indifferent you have defended some of the spending and actions as well so in some ways you have already made up your mind.
-
thats reasonable to me but you have to admit you have not just sat there and been indifferent you have defended some of the spending and actions as well so in some ways you have already made up your mind.
I'm not sweating small details
I'm also aware that I take care of myself and always have and that's all that matters (mostly) to me.
-
I'm not sweating small details
I'm also aware that I take care of myself and always have and that's all that matters (mostly) to me.
If it was only one incident it would be a small detail but when you have a bill full of shit and money being spent with no idea of where its going to go like such and such billion for science but not explaining what about science its going to then those arent simply details bro.
the man obama would be mad if he heard you say that, thats not very liberal of you bro.
-
If it was only one incident it would be a small detail but when you have a bill full of shit and money being spent with no idea of where its going to go like such and such billion for science but not explaining what about science its going to then those arent simply details bro.
the man obama would be mad if he heard you say that, thats not very liberal of you bro.
I voted democratic not liberal
I think we already had this discussion about a line item and a number in another thread. I don't know the details and neither to you so neither of us can judge good or bad. What is this "billion for science" that you're talking about. Whatever it is I'm sure we can hire a lot of scientists for a billion dollars
-
I voted democratic not liberal
I think we already had this discussion about a line item and a number in another thread. I don't know the details and neither to you so neither of us can judge good or bad. What is this "billion for science" that you're talking about. Whatever it is I'm sure we can hire a lot of scientists for a billion dollars
again horrible reasoning you donate a million dollars to clown college and you will create jobs it doesnt mean those jobs are the most efficient are they? What happened to the oversight we where promised? having every red penny accounted for?
-
Could anyone explain how this plan or TARP 2 are radically differnet then any plan the last administration implemented in trying to stimulate the economy?
'
In 2009, the $ is going to create jobs. Full accountability.
In 2008, it went to bankers to use as they wished. Zero accountability.
-
again horrible reasoning you donate a million dollars to clown college and you will create jobs it doesnt mean those jobs are the most efficient are they? What happened to the oversight we where promised? having every red penny accounted for?
I'm with you - no money for clown colleges
now how about you tell me somthing about that billion dollars for science before you shit all over it.
accountablity/oversight?
Don't you need to wait until the legislation is passed and all those pennies start flowing?
-
I'm with you - no money for clown colleges
now how about you tell me somthing about that billion dollars for science before you shit all over it.
accountablity/oversight?
Don't you need to wait until the legislation is passed and all those pennies start flowing?
there is nothing to tell only hand written shit about so and so billion to sciences? that could mean fuking anything, you dont see a problem with that? sure you have to wait to see where it goes exactly but you should at least have an idea of where its going before hand shouldnt you?
-
there is nothing to tell only hand written shit about so and so billion to sciences? that could mean fuking anything, you dont see a problem with that? sure you have to wait to see where it goes exactly but you should at least have an idea of where its going before hand shouldnt you?
well where did you read this. Maybe I'll find some more info.
In general I'm fine with $$$$'s going to science provided it's relevent and not just nonsense
Maybe it's just a general allocation with the details on where it's going to be spelled out later as individual budgets are put together.
Then we'll get that oversight and accountability and THEN we can bitch about it
-
well where did you read this. Maybe I'll find some more info.
In general I'm fine with $$$$'s going to science provided it's relevent and not just nonsense
Maybe it's just a general allocation with the details on where it's going to be spelled out later as individual budgets are put together.
Then we'll get that oversight and accountability and THEN we can bitch about it
it was a youtube clip of some senetor reading from it, problem is that when the money is there they have to find a way to spend it...THEY ARENT GONNA GIVE THE SHIT BACK. This is spending simply just to spend money not looking into what needs money and giving to them.
-
it was a youtube clip of some senetor reading from it, problem is that when the money is there they have to find a way to spend it...THEY ARENT GONNA GIVE THE SHIT BACK. This is spending simply just to spend money not looking into what needs money and giving to them.
here you go: http://www.whitehouse.gov/the_press_office/arra_public_review/
-
Pelosi can stimulate my package anytime!!!
Sorry... I've resisted saying that for a long time and I couldn't hold it in anymore!
-
here you go: http://www.whitehouse.gov/the_press_office/arra_public_review/
and this is?
Pelosi can stimulate my package anytime!!!
Sorry... I've resisted saying that for a long time and I couldn't hold it in anymore!
LOL i bet she was good looking when she was younger but she screws it all up when she opens her mouth
-
'
In 2009, the $ is going to create jobs. Full accountability.
In 2008, it went to bankers to use as they wished. Zero accountability.
Bump for this tidbit of fact.
Serious question here... Why is it all of a sudden a bad thing to spend 750 billion to stimulate the economy in 2009 when it's got actual things it's going to do... but giving away 750 billion dollars in 2008 was an ok thing to do.
Why are things different now when it comes to the money? Why didn't the Republicans jump up and down then? At least now, they actually have some items and groups that will directly receive the money to do something and won't just "get lost" like a few billion did when it went to the banks just to "prop up" their credit markets.
Which one is more worthwhile?
-
LOL i bet she was good looking when she was younger but she screws it all up when she opens her mouth
I'll just shut my eyes and pretend she's someone else... and umm, you know, her mouth will be too busy doing other stuff to be talking so it'll be okay. 8)
-
and this is?
I thought you wanted details but maybe you'd rather just bellyache about talking points
-
I'll just shut my eyes and pretend she's someone else... and umm, you know, her mouth will be too busy doing other stuff to be talking so it'll be okay. 8)
omg that's disgusting.
I'll take Arianna Huffington instead
-
I thought you wanted details but maybe you'd rather just bellyache about talking points
LOL so you want me to go over all the specific details but your ok with the ppl voting on it not reading it? that makes perfect sense bro...
-
LOL so you want me to go over all the specific details but your ok with the ppl voting on it not reading it? that makes perfect sense bro...
How do you know it has't been read. Someone wrote the damn thing. I have no doub that ever page has not been read by every Representative but that's the way it has been for every other bit of legislation.
sheesh man - first you bitch that you don't know the details and that the White House is not giving the people accountability and transparency.
I give you a link from the White House with links to the conference committee report and a link to send your own opinion to the White House.
Why not spend a little time looking at it and give your sage "advises" to the White House.
-
'
In 2009, the $ is going to create jobs. Full accountability.
In 2008, it went to bankers to use as they wished. Zero accountability.
Any comment on TARP2?
-
How do you know it has't been read. Someone wrote the damn thing. I have no doub that ever page has not been read by every Representative but that's the way it has been for every other bit of legislation.
sheesh man - first you bitch that you don't know the details and that the White House is not giving the people accountability and transparency.
I give you a link from the White House with links to the conference committee report and a link to send your own opinion to the White House.
Why not spend a little time looking at it and give your sage "advises" to the White House.
LOL bro ONE MORE FUKING TIME FOR YOU this is not any other piece of fuking legislation do you not understand that this is one of the biggest pieces if not biggest piece of legislation we have ever voted on that in itself warrants a CLOSER LOOK wouldnt you agree? Many senetors have come out and said that they didnt have enough time to read it, nobody to my knowledge has come out and said i read it all...dont you think they would if they had in defense of it?
In addition instead of giving it in a electronic format that can be scanned for words or phrases they give it to everybody in a text format that must be read I.E. take much longer.
Ive read some of it im not going to read it all its not my job its the politicians job which they arent doing, if the white house doesnt hear the pleas from republicans and the few democrats to slow down and process this bill instead of rushing it through what makes you think they will hear mine?
-
Bump for this tidbit of fact.
Serious question here... Why is it all of a sudden a bad thing to spend 750 billion to stimulate the economy in 2009 when it's got actual things it's going to do... but giving away 750 billion dollars in 2008 was an ok thing to do.
Why are things different now when it comes to the money? Why didn't the Republicans jump up and down then? At least now, they actually have some items and groups that will directly receive the money to do something and won't just "get lost" like a few billion did when it went to the banks just to "prop up" their credit markets.
Which one is more worthwhile?
Banks are essential for a healthy capitalist system.
But there was plenty lack of transparancy and even control during the bailout.
It was necessary to do, but should've been done with much more control and force from the government.
The biggest banks who were in trouble could've been partly taken over for awhile to secure the banking sector.
That's how the banks have been secured in Europe and that didn't cost as much.
Plus, there is a good chance the tax payers money will be paid back once the government gets out of the banks.
The stimulus is important to get things rolling again.
The problem is that the former president was so fiscally irresponsible.
Which gives the current president a fcuked up foundation to build on.
-
LOL bro ONE MORE FUKING TIME FOR YOU this is not any other piece of fuking legislation do you not understand that this is one of the biggest pieces if not biggest piece of legislation we have ever voted on that in itself warrants a CLOSER LOOK wouldnt you agree? Many senetors have come out and said that they didnt have enough time to read it, nobody to my knowledge has come out and said i read it all...dont you think they would if they had in defense of it?
In addition instead of giving it in a electronic format that can be scanned for words or phrases they give it to everybody in a text format that must be read I.E. take much longer.
Ive read some of it im not going to read it all its not my job its the politicians job which they arent doing, if the white house doesnt hear the pleas from republicans and the few democrats to slow down and process this bill instead of rushing it through what makes you think they will hear mine?
well it's definitely a lot easier to bitch about generalities on a message board.
I'm going to assume that the people who wrote it know what is in there and since I voted for the Democrats and they wrote I'm going to assume I'm in favor of most of it. Of course it doesn't matter either way. All that matters are the results
-
Bump for this tidbit of fact.
Serious question here... Why is it all of a sudden a bad thing to spend 750 billion to stimulate the economy in 2009 when it's got actual things it's going to do... but giving away 750 billion dollars in 2008 was an ok thing to do.
Why are things different now when it comes to the money? Why didn't the Republicans jump up and down then? At least now, they actually have some items and groups that will directly receive the money to do something and won't just "get lost" like a few billion did when it went to the banks just to "prop up" their credit markets.
Which one is more worthwhile?
actually alot of reps did jump up and down against the tarp
LOL if you dont think millions or billions will get wasted on this bill your crazy bro
Also you have tarp2 coming down the pipeline, everybody knows it obamas hinted at it another trillion or so to be spent so purse strings are tightening.
-
well it's definitely a lot easier to bitch about generalities on a message board.
I'm going to assume that the people who wrote it know what is in there and since I voted for the Democrats and they wrote I'm going to assume I'm in favor of most of it. Of course it doesn't matter either way. All that matters are the results
well in all honesty it looks and sounds like ppl on this board care more about it then alot of politicians voting on it.
I think thats a horrible way of looking at it bro imho...i will agree to a certain extent that the results are all that matter.
-
actually alot of reps did jump up and down against the tarp
LOL if you dont think millions or billions will get wasted on this bill your crazy bro
Also you have tarp2 coming down the pipeline, everybody knows it obamas hinted at it another trillion or so to be spent so purse strings are tightening.
the thing that really pisses me off about the first first half of the TARP $$$ is that it was sold as one plan (buying toxic assets at deep discounts) and was implemented as another plan (buying preferred shares in fucked up banks). In fact Paulsen said that buying shares was a bad idea and then did that very thing.
I think the tax payer would have been better off with assets purchased @ 20 cents on the dollar than preferred shares in a bank that could eventually be worthless. Regardless, the current plan was a bait a switch job (IMO) and the lack of oversight and accountability is a stain on both parties
-
well in all honesty it looks and sounds like ppl on this board care more about it then alot of politicians voting on it.
I think thats a horrible way of looking at it bro imho...i will agree to a certain extent that the results are all that matter.
what's my alternative?
I was completely against the invasion of Iraq but my tax dollars went there too.
If I voted for the Democrats then I should at least let them do their job and pass judgement on the results.
If the results suck and the Repubs find some better ideas then maybe I'll vote for them next time
-
the thing that really pisses me off about the first first half of the TARP $$$ is that it was sold as one plan (buying toxic assets at deep discounts) and was implemented as another plan (buying preferred shares in fucked up banks). In fact Paulsen said that buying shares was a bad idea and then did that very thing.
I think the tax payer would have been better off with assets purchased @ 20 cents on the dollar than preferred shares in a bank that could eventually be worthless. Regardless, the current plan was a bait a switch job (IMO) and the lack of oversight and accountability is a stain on both parties
very true alot of ppl from both sides called for more oversight as well and even called alot of the moves that have been made as in money not being used for what it was intended.
-
what's my alternative?
I was completely against the invasion of Iraq but my tax dollars went there too.
If I voted for the Democrats then I should at least let them do their job and pass judgement on the results.
If the results suck and the Repubs find some better ideas then maybe I'll vote for them next time
what ideas of the dems to you find so appealing and what ideas of the reps do you find so unappealing?
-
what ideas of the dems to you find so appealing and what ideas of the reps do you find so unappealing?
The Republicans have 2 ideas: Do nothing and let nature take its course and/or give wealty people and corporations more tax cuts and hope they'll bestow the other 98% of the tax payers with a few jobs.
The Dems in general are more fiscally responsible and more concerned with things that benefit the majority rather than a tiny minority.
In general, I support the Democratic attempts to fix the current mess that Bush and the Repubs have put us in and I'm more than happy to wait until we have some results before passing judgement
-
The Republicans have 2 ideas: Do nothing and let nature take its course and/or give wealty people and corporations more tax cuts and hope they'll bestow the other 98% of the tax payers with a few jobs.
The Dems in general are more fiscally responsible and more concerned with things that benefit the majority rather than a tiny minority.
In general, I support the Democratic attempts to fix the current mess that Bush and the Repubs have put us in and I'm more than happy to wait until we have some results before passing judgement
Maybe i should have said conservatives instead of reps.
LOL you putting all this on bush and the reps is again fuking hillarious you and 240 should team up.
LOL the dems are more concerned with the majority rather then the minority did you really just say that? well fair, immigration, social causes etc...the dems are the champions of lost causes
-
Maybe i should have said conservatives instead of reps.
LOL you putting all this on bush and the reps is again fuking hillarious you and 240 should team up.
LOL the dems are more concerned with the majority rather then the minority did you really just say that? well fair, immigration, social causes etc...the dems are the champions of lost causes
what's "well fair" ?
lost causes?
let me guess - your solution is to give up and do nothing.
-
It was necessary to do, but should've been done with much more control and force from the government.
Don't you think government intervention was part of the problem?
-
what's "well fair" ?
lost causes?
let me guess - your solution is to give up and do nothing.
welfare i appologize
yes lost causes
dude acting just to act is why we are in iraq right now, its not a good idea to simply do something to be doing something if you are not sure that what you are doing isnt moving in the right direction, wouldnt you agree? Ive already told you i agree something needs to be done, of this magnitude NO, this wasteful NO, this RUSHED NOOOOOOOOOOOOOO
-
welfare i appologize
yes lost causes
dude acting just to act is why we are in iraq right now, its not a good idea to simply do something to be doing something if you are not sure that what you are doing isnt moving in the right direction, wouldnt you agree? Ive already told you i agree something needs to be done, of this magnitude NO, this wasteful NO, this RUSHED NOOOOOOOOOOOOOO
Neither of us know the fine details of how the money will be spent but somehow you've decided that it's too big and too wasteful.
You're entitled to your opinion
My opinion is that the people who wrote the legislation and debated it know enough to render a decision
The Republican point of view is pretty cut and dried - everyone in House and all but 3 in the Senate are against it.
-
Neither of us know the fine details of how the money will be spent but somehow you've decided that it's too big and too wasteful.
You're entitled to your opinion
My opinion is that the people who wrote the legislation and debated it know enough to render a decision
The Republican point of view is pretty cut and dried - everyone in House and all but 3 in the Senate are against it.
yes i have and im not the only one, democrats have voted against this bill as well and they arent against doing something like youd like to imply they are against this spending bill thats been rammed down our throats.
-
yes i have and im not the only one, democrats have voted against this bill as well and they arent against doing something like youd like to imply they are against this spending bill thats been rammed down our throats.
some Dems have voted against it and I think that's a good thing
I hate when either side just votes like a block.
-
some Dems have voted against it and I think that's a good thing
I hate when either side just votes like a block.
Ill agree with you on that.
-
Since no Repubs in the House voted for it shouldn't they really refuse to accept any of the $$$?
I mean it's not going to create any jobs anyway ::) so it really won't make any difference if they don't take the $$$.
Come on Repubs - That would be walkng your talk
Paul Begala must read Get Big.
http://www.cnn.com/2009/POLITICS/02/16/begala.carolina/index.html
Seriously though, if opponents of the bill truly believe it will provide no economic stimulus then they have a perfect chance to prove their point. Refuse the $$$$ and prove your point.
-
Paul Begala must read Get Big.
http://www.cnn.com/2009/POLITICS/02/16/begala.carolina/index.html
Seriously though, if opponents of the bill truly believe it will provide no economic stimulus then they have a perfect chance to prove their point. Refuse the $$$$ and prove your point.
::) ::) ::)
again are they going to be exempt from paying back this tremendous spending bill? thought not
-
::) ::) ::)
again are they going to be exempt from paying back this tremendous spending bill? thought not
but they could take the moral high ground and prove their point
I'd like to see none of my tax $$$'s go to the Office of Faith Based Initiaves but I get no choice in that matter either
-
but they could take the moral high ground and prove their point
I'd like to see none of my tax $$$'s go to the Office of Faith Based Initiaves but I get no choice in that matter either
LOL so you want them not to take billions in spending so that ppl like pelosi and her cronies can spend more on their idiotic pet projects and then still have to pay back? thats what your suggesting? hahahahahah LOL again maybe you and 240 should team up bro your quickly falling in line with him.
-
LOL so you want them not to take billions in spending so that ppl like pelosi and her cronies can spend more on their idiotic pet projects and then still have to pay back? thats what your suggesting? hahahahahah LOL again maybe you and 240 should team up bro your quickly falling in line with him.
Pet Projects?
you're still hung up on thoroughly debunked talking points?
According to Repubs the stimulus won't work - i.e. it won't create any jobs so imagine how successful they could be in the 2010 election when they can claim they took no money and they can compare the results in their state with other states who did take the money. If their claim is correct then they will have the high ground in the next election. Of course the downside would be that their states would lag behind any recovery but that's a chance that they should have the balls to take. They should Walk their Talk. I'm sure their constituents would appreciate that.
-
The government needs to drastically reduce spending. The stimulus bill is just more spending. What happens when our debt is unpayable? The quality of life we see around us in the US is just a mirage. What if we all had to chip in today to pay our share of the national debt? Most would be bankrupt and homeless.
-
we definitely should have done a "pay as you go" for the war in Iraq.
Can you imagine how quick that would have been done if everyone received a monthly bill
-
we definitely should have done a "pay as you go" for the war in Iraq.
Can you imagine how quick that would have been done if everyone received a monthly bill
Yet you dont want that for welfare or domestic contractors who are going to defraud the taxpayer????
-
Yes, gov has too much power and spends too much. The founding fathers warned of this. Bush f'ed us by going into iraq, pelosi and her buddies are f'ing us more by this overspending bill that sneaks in more gov control of things. That medical provision snuck in there...what a bunch of underhanded leaders. I do not trust the democratic leaders of the congress one bit after this fiasco! The repubs has a much better plan...but where were they the last 7 yrs!
-
No one is talking enough about the amount of debt this bill (plus the next one...yes, obama will push for more financial bailout $) will cause us. 13-14% of GDP will go just to paying interest on our debt...irresponsible.
The relatively few (and mostly transient) jobs this bill will create is certainly not worth the $ spent long term.
-
I said the following to one of my lib friends:
Imagine spending 4 million dollars on the best bottle of wine ever on your credit card. Sure, you get the best high and best buzz ever for a short while. You can brag to your friends whatever what a high you got and what an amazing bottle of wine you had.
However, you are paying for that bottle of wine LONG AFTER THE BUZZ HAS WORN OFF and paying interest for a long long time.
-
The government needs to drastically reduce spending.
Wouldn't that lead to higher unemployment?
Cut govt spending = cut lots of BS jobs = unemployment spikes.
Hell, it's all play money anyway. Why not just employ everyone?
-
The govt is sucking too much of our GDP from the private sector with non-productive nonsense.
-
Yet you dont want that for welfare or domestic contractors who are going to defraud the taxpayer????
no I don't. Those things are part of the budget and I don't buy your premise that domestic contractors are going to defraud the taxpayer. Maybe you're thinking about the contractors in Iraq.
I made that point about the war in Iraq at the time it started back in 2003 (I didn't make it on this website).
-
no I don't. Those things are part of the budget and I don't buy your premise that domestic contractors are going to defraud the taxpayer. Maybe you're thinking about the contractors in Iraq.
I made that point about the war in Iraq at the time it started back in 2003 (I didn't make it on this website).
Right. So Iraq contractors defraud the govt, but the domestic ones do not?
Got it. Another gem coming from a liberal in denial.
Ever hear of the "Big Dig"???
Massive fraud, massive waste, massive over runs, and yes, a death due to negligence to boot.
-
What I want to know is where is the money coming from?
the same place George W Bush obtained his $150 Billion stimulus package....and his $700 Billion TARP program, plus his $1 Trillion+ "Iraqi program."
funny how the GOP embraced those huh? ;)
NT
-
the same place George W Bush obtained his $150 Billion stimulus package....and his $700 Billion TARP program, plus his $1 Trillion+ "Iraqi program."
funny how the GOP embraced those huh? ;)
NT
Again, how many times do we have to do this.
GWB screwed up royally with TARP and Obama was voted to be something of change.
He is now pushing the same thing as GWB, equally as bad, and you defend it.
No one defended TARP the first time. You liberal clowns should not defend this either since it is equally as bad as TARP.
-
Again, how many times do we have to do this.
GWB screwed up royally with TARP and Obama was voted to be something of change.
He is now pushing the same thing as GWB, equally as bad, and you defend it.
No one defended TARP the first time. You liberal clowns should not defend this either since it is equally as bad as TARP.
ya didnt address the iraq war.
$1 tillion spent (more like 2T with longterm healthcare costs and interest on debt)
Good idea or bad idea?
-
ya didnt address the iraq war.
$1 tillion spent (more like 2T with longterm healthcare costs and interest on debt)
Good idea or bad idea?
Bad idea.
I though Obama was supposed to be this brilliant man. He is not. He is a ZERO.
He is GWB 2 and if you dont see that, I feel sorry for you.
-
We can't keep propping up the economy with borrowed money. It sounds better to spend a trillion dollars in the US rather than waste it in Iraq, but the truth is that we can't afford either. The market needs a natural re-adjustment, and the government refuses to let it adjust. What happens when borrowing a trillion dollars doesn't work and we need another trillion and another?
-
Again, how many times do we have to do this.
GWB screwed up royally with TARP and Obama was voted to be something of change.
He is now pushing the same thing as GWB, equally as bad, and you defend it.
No one defended TARP the first time. You liberal clowns should not defend this either since it is equally as bad as TARP.
i was simply pointing out the GOP's hypocrisy. (btw i'm a republican)
while i do not believe obamas stimulus plan will work, i realize he must try something other than more tax cuts for people like myself.
also, if my memory serves me correctly isn't it the republicans who put our nation on the brink of economic collapse and now they're talking about deficits? that is laughable !
Ron Paul is the only politician who speaks the hard truth, yet no one listens.
NT
-
global bankers, reckless borrowers, corrupt ignorant politicians, asleep at the switch SEC and public agencies,
flippers, corrupt real estate brokers and appraisers, caused this mess.
BTW I agree with you: Ron Paul is the only politician who speaks the hard truth, yet no one listens.
-
Right. So Iraq contractors defraud the govt, but the domestic ones do not?
Got it. Another gem coming from a liberal in denial.
Ever hear of the "Big Dig"???
Massive fraud, massive waste, massive over runs, and yes, a death due to negligence to boot.
I thought we were talking about the $$$'s from the current legislation
You know, the one that hasn't been signed yet. The one that hasn't dispersed a single penny yet.
You already know it's all going to corrupt contractors?
-
I thought we were talking about the $$$'s from the current legislation
You know, the one that hasn't been signed yet. The one that hasn't dispersed a single penny yet.
You already know it's all going to corrupt contractors?
Naive should be your second name.
Katrina - massive fraud.
Iraq - massive fraud
Big Dig - massive fraud
Tarp - money paying bonuses to execs and no accountability
Medicaid - massive fraudulent spending
EITC - illegal collecting $$$$
YET
You think there will be no fraud with Obama's spending bill????
Got it.
-
Naive should be your second name.
Katrina - massive fraud.
Iraq - massive fraud
Big Dig - massive fraud
Tarp - money paying bonuses to execs and no accountability
Medicaid - massive fraudulent spending
EITC - illegal collecting $$$$
YET
You think there will be no fraud with Obama's spending bill????
Got it.
I don't think you can convict someone for a crime that you "believe" they may commit.
-
I don't think you can convict someone for a crime that you "believe" they may commit.
You liberals are completely devoid of ANY common sense.
If almost every other previous massive spending endeavor by the govt was and is plagued by waste fraud and abuse, what do you think the odds of this being plaqued by the same thing????
75% - 100% at least.
Also, lets look who is going to admn these funds:
Arnold in CA?
Patterson in NY????
Illinois???
The states have shown themselves equally incompetent in handling money as the fed gov.
-
i was simply pointing out the GOP's hypocrisy. (btw i'm a republican)
while i do not believe obamas stimulus plan will work, i realize he must try something other than more tax cuts for people like myself.
also, if my memory serves me correctly isn't it the republicans who put our nation on the brink of economic collapse and now they're talking about deficits? that is laughable !
Ron Paul is the only politician who speaks the hard truth, yet no one listens.
NT
yes, it's laughable how they all voted against Democrat spending, yet supported TARP and Economic stimulus before Obama took office.
-
I don't think you can convict someone for a crime that you "believe" they may commit.
LOL what has obama done to show you he is any different then the next politician out there?
-
Pet Projects?
you're still hung up on thoroughly debunked talking points?
According to Repubs the stimulus won't work - i.e. it won't create any jobs so imagine how successful they could be in the 2010 election when they can claim they took no money and they can compare the results in their state with other states who did take the money. If their claim is correct then they will have the high ground in the next election. Of course the downside would be that their states would lag behind any recovery but that's a chance that they should have the balls to take. They should Walk their Talk. I'm sure their constituents would appreciate that.
You believe there are no pet projects in this bill? honestly?
they will have equal success if the stimulus doesnt work and they take the money but voted against it. The high ground will have been being right about this spending bill.
-
You believe there are no pet projects in this bill? honestly?
they will have equal success if the stimulus doesnt work and they take the money but voted against it. The high ground will have been being right about this spending bill.
I don't expect any politician to turn down $$$.....ever
-
LOL what has obama done to show you he is any different then the next politician out there?
Well, seeing as how he's got some oversight into where the money goes in this bill... I'd say it's different then the bill that was just passed by virtually everyone in congress last October.
You don't see that as different?
-
I don't expect any politician to turn down $$$.....ever
thats right and this bill was created in a way that a number was set and the number was filled instead of trying to find credible efficient ways of creating jobs and boosting the economy they filled it with alot of random shit im not saying its all shit but a good portion of it could certainly be cut out.
-
Well, seeing as how he's got some oversight into where the money goes in this bill... I'd say it's different then the bill that was just passed by virtually everyone in congress last October.
You don't see that as different?
obama voted for that bill my friend as a matter of fact he helped draft and push it through, so i ask you again what makes you think that OBAMA is any different then any other politician?
-
I though Obama was supposed to be this brilliant man. He is not. He is a ZERO
Please show me any post where you suggested you thought Obama was a brilliant man.
-
obama voted for that bill my friend as a matter of fact he helped draft and push it through, so i ask you again what makes you think that OBAMA is any different then any other politician?
Where did he draft that bill?
The guy was on the campaign trail... Where was he involved in the draft?
You mean that he was not only campaigning and winning an election, but he was also STILL actively drafting legislation?
Wow... He really is the man then I guess... He never rests.
-
Where did he draft that bill?
The guy was on the campaign trail... Where was he involved in the draft?
You mean that he was not only campaigning and winning an election, but he was also STILL actively drafting legislation?
Wow... He really is the man then I guess... He never rests.
he was brought to washington along with mccain to help give insight into what they would like seeing as one of them would be the next potus do you not remember that?
At any rate he was all for the bill so it kinda shoots your opinion right there he was all for the automakers bailout as well...
So Ill ask you again what exactly has obama done to make you believe he is any different then the next politician?
-
he was brought to washington along with mccain to help give insight into what they would like seeing as one of them would be the next potus do you not remember that?
At any rate he was all for the bill so it kinda shoots your opinion right there he was all for the automakers bailout as well...
So Ill ask you again what exactly has obama done to make you believe he is any different then the next politician?
Oversight one HIS bill.
He didn't have anything more to do with that bill than McCain or anyone else... You know this.
-
Oversight one HIS bill.
He didn't have anything more to do with that bill than McCain or anyone else... You know this.
I didnt see anybody else having a sit down meeting with the president, i didnt see anybody else given press confreneces to push the bill, im sure there where some and obamas just got pushed b/c of his position however he was all for that bill with its lack of oversight and the automakers bail out with its flaws so at best he is inconsistent.
-
there isnt anymore oversight in this bill then some other bills in the past, the amount of oversight will be seen when the money is sent to the states and industries then we will see where the money goes or perhaps we wont see.
-
I support Obama's actions
I don't need to justfiy them
BUMP.
-
The CBO now says the the Stimulus will have a net negative effect on US GDP over the course of this decade.
#WINNING
-
my best posts on this site were right after Obama was elected. I still am proven right. Stim bill was a disaster.
-
Since no Repubs in the House voted for it shouldn't they really refuse to accept any of the $$$?
I mean it's not going to create any jobs anyway ::) so it really won't make any difference if they don't take the $$$.
Come on Repubs - That would be walkng your talk
this is stupid. how about every democratic politician refuse to take income tax deductions on their personal tax return and pay ordinary tax rates on their capital gains? come on dems. that would be walking your talk.
-
Budget Office: Obama's Stimulus Failed on Jobs (CBO: Obama stimulus fails)
Newsmax ^ | 11/23/2011 | Paul Scicchitano
Posted on November 23, 2011 7:41:50 PM EST by Signalman
In a blow to the Obama administration, the Congressional Budget Office (CBO) has concluded that the president’s economic stimulus plan created fewer jobs than expected and “crowds out” private investment.
A new report the CBO released on Tuesday finds that the American Recovery and Reinvestment Act may have boosted the economy in the short run by sustaining some 700,000 jobs at its peak in 2010 but “will reduce output slightly in the long run — by between 0 and 0.2 percent after 2016.”
The report estimates that the total number of jobs the plan produced was far fewer than the 3.5 million the Obama administration predicted during the peak of spending.
The CBO estimates that the stimulus is responsible for sustaining between 600,000 to 1.8 million jobs during this quarter, which lowered the nation’s unemployment rate by as much as 1 percent.
In July, the conservative Weekly Standard estimated that Obama’s stimulus package had cost taxpayers $278,000 for every job it created.
There was no immediate comment from the White House on the CBO report, but officials haveinsisted in the past that the economy would have fallen into a depression without the jobs act..
In September, White House press secretary Jay Carney called it “uncontestable” that the infrastructure projects the act created “were very well managed, came in on budget or under budget and led to the creation of many, many jobs” that would not have been created otherwise.
(Excerpt) Read more at newsmax.com ...
-
Budget Office: Obama's Stimulus Failed on Jobs (CBO: Obama stimulus fails)
Newsmax ^ | 11/23/2011 | Paul Scicchitano
Posted on November 23, 2011 7:41:50 PM EST by Signalman
In a blow to the Obama administration, the Congressional Budget Office (CBO) has concluded that the president’s economic stimulus plan created fewer jobs than expected and “crowds out” private investment.
A new report the CBO released on Tuesday finds that the American Recovery and Reinvestment Act may have boosted the economy in the short run by sustaining some 700,000 jobs at its peak in 2010 but “will reduce output slightly in the long run — by between 0 and 0.2 percent after 2016.”
The report estimates that the total number of jobs the plan produced was far fewer than the 3.5 million the Obama administration predicted during the peak of spending.
The CBO estimates that the stimulus is responsible for sustaining between 600,000 to 1.8 million jobs during this quarter, which lowered the nation’s unemployment rate by as much as 1 percent.
In July, the conservative Weekly Standard estimated that Obama’s stimulus package had cost taxpayers $278,000 for every job it created.
There was no immediate comment from the White House on the CBO report, but officials haveinsisted in the past that the economy would have fallen into a depression without the jobs act..
In September, White House press secretary Jay Carney called it “uncontestable” that the infrastructure projects the act created “were very well managed, came in on budget or under budget and led to the creation of many, many jobs” that would not have been created otherwise.
(Excerpt) Read more at newsmax.com ...
what does he care? all of his buddies got paid. i love how libs try to believe that government is incapable of corruption
-
Free Republic
Browse · Search Pings · Mail News/Activism
Topics · Post Article
Skip to comments.
The CBO Quietly Downgrades Obama's $825 Bil Stimulus
Investors.com ^ | 11.23.2011 | ??
Posted on November 29, 2011 6:51:25 AM EST by blueyon
Recovery: After nearly all the stimulus money has been spent, the Congressional Budget Office now admits it cost more than advertised, did less to boost growth and will hurt the economy in the long run.
In its latest quarterly report on the economic effects of the Obama stimulus, the CBO sharply lowered its "worst case" scenario while trimming many of its upper-bound estimates for stimulus-fueled growth and employment.
The new report finds, for example, that the stimulus may have added as little as 0.7% to GDP growth in 2010 — when spending was at its peak — and created as few as 700,000 new jobs.
Both are down significantly from the CBO's previous worst-case scenario.
The report also lowered the best-case estimate for added growth in 2010 to 4.1% from 4.2%.
In addition, the CBO says the extra infrastructure money didn't boost growth as much as it previously claimed, because states reacted by spending less out of their own budgets on highways.
(Excerpt) Read more at news.investors.com ...
-
what does he care? all of his buddies got paid. i love how libs try to believe that government is incapable of corruption
Corruption, greed and money is universal they dont care what "side" you are on