I live in TX, the number one Red state, best move I ever made in 1992. I always took personal responsibility for my own choices and my own mistakes. Too bad others never took that responsibility and now expect the govt. to bail them out for poor choices, whether it be dead end jobs, health insurance, wages making personal responsibility a lost trait for far too many.
There's also the potential to transfers of our long-term debt obligations from "foreign" investers to "domestic" investors. More specifically, such a program could mean more of this nation's citizens are able to participate in the prosperity of this nation in a way many can't today. Old course, the FedResv would have to raise interest rates to make bonds far more attractive than they are now, but such a domestic program could be attractive to a new breed of investors much as war bonds did for the Greatest Generation.
Bear in mind that the stimulus had two essential functions: 1) to stop the downward spiral and 2) to lay the ground work for the economy to rebuild. A stimulus does not, in and of itself, return an economy to prosperity. You are hung up on the fact that the economy is not prosperous. Well, in many respects it is... but we achieved an uneven recovery (proving that a "rising tide does not life all boats; only the yachts"). That is another debate.
I challenged you to defend you claim that it did not. You did produce some evidence to support your opinion. Thank you, you are miles ahead of your conservative peers in being able to defend you position.... I do respect that you bring facts to the equation (I just quibble with how you chose to interpret the facts, but at least you bring them)......
I present 9 studies, a University of Chicago poll of more than three dozen of the nations top economists and a CBO report. All of this work by economists, You counter with a US News article by Reince Priebus (who offers point number 5 for why the stimulus failed was that we do not have 5 million electric cars on the road... really?) and an opinion piece in the New York Post. OK, so you have produced other lay people that are writing their politics, not economics. While I agree with many of the points of the Post article, it doesn't say the stimulus failed, it says money was distributed wrong...
Anyway, I like my experts over you politicians. I'll put a point in my column on this one.
Last edited by upsideguy; 02-02-14 at 05:21 PM.
Seems you have the same credibility as your so called experts. You do realize that I an post articles from other experts that disagree with you. You want data but have yet to show how the stimulus did what you claim it did in the time to bring us out of recession in June 2009. I await your response
The facts about the Obama economic results and the stimulus.
President Obama's Smashing Success Story: Greatly Increasing The Power Of Government - Forbes