The Prof
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The stimulus plan was to create jobs, not bail out unions and pay for existing state jobs. No jobs created, great job!
The $787 billion economic stimulus package was approved by Congress in February, 2009. The plan was to jumpstart economic growth, and save between 900,000 - 2.3 million jobs. The economic stimulus bill allocated funds as follows:
$288 billion in tax cuts.
$224 billion in extended unemployment benefits, education and health care.
$275 billion for job creation using federal contracts, grants and loans.
A large amount of money was spent and jobs were preserved and created. Without that money injected into the economy, jobs which were preserved would have been lost and new jobs would not have been created.
You mean according to Obama's fuzzy math
Bill Clinton plus 22 million jobs with higher tax rates.
Bush --- with lower tax rates...... forgetaboutit.
CASE CLOSED.
Economic Stimulus Bill - Economic Stimulus Package - Obama Economic Stimulus Package
As you can see, the stated purpose of the stimulus package was to cut taxes, fund unemployment benefits, and save and create jobs. It both saved existing jobs and created new ones.
Economic Stimulus Bill - Economic Stimulus Package - Obama Economic Stimulus Package
As you can see, the stated purpose of the stimulus package was to cut taxes, fund unemployment benefits, and save and create jobs. It both saved existing jobs and created new ones.
No. The money was injected into the economy. It shows up in the GDP calculation. It was spent to preserve and create jobs. It is a fact.
No. The money was injected into the economy. It shows up in the GDP calculation. It was spent to preserve and create jobs. It is a fact.
You do realize that States have to pay for their pensions, for all the workers who put in 20 years, and that the costs are rising sucking budget and that those were not made illegal, don't you?
Then explain to me why BLS says that there have been a net job loss of 4.3 million? Stop buying the Obama rhetoric and get the facts from the non partisan sources. Obama will make a fool out of you.
The economy would have lost many more without the stimulus. If the economy loses 6 million jobs and the stimulus saves and creates 2 million jobs, the total job loss would be 4 million jobs.
The economy would have lost many more without the stimulus. If the economy loses 6 million jobs and the stimulus saves and creates 2 million jobs, the total job loss would be 4 million jobs.
Still believe in Santa Claus, the Easter Bunny, and Tooth Fairy too? I cannot believe that in the face of actual numbers from non partisan sites you still buy what you are told?
The money was payback to unions not to save jobs.
Seems you have very low expectations. The fact remains this wasn't how the stimulus was sold or its intent. Suggest you go back and research the purpose of the stimulus and then tell me where those "shovel" ready jobs were? You bought a bill of goods and continue to buy the rhetoric. How many lies do you have to be told before you stop believing the rhetoric? Unemployment was supposed to not exceed 8%. How has that prediction worked out?
You keep talking jobs created but will not look at the link I posted that says the Obama math was wrong. If the math is wrong we can believe nothing they say so that means you are wrong to.
What combination of things needs to happen to restart growth?
Ok, I will say that that was the stated purpose of the stimulus and I think it did have an effect, but I also believe they are lying about the numbers (as ptif219 points out) and am very disappointed in the amount of money spent with respect to the number of jobs actually saved or created. It is no surprise that the money was predominantly steered to Democratic constituencies.
It is one hell of a pickle. Economy down, real high unemployment, must pay unemployment insurance to keep people off the street, right? Lending frozen, investment down, housing a disaster with high foreclosure rate and languid new and used home markets, demand dropping, CC debt rising, super high deficit, states struggling to balance.... What combination of things needs to happen to restart growth?
A pro growth, pro business economic policy would turn this around quickly
A pro growth, pro business economic policy would turn this around quickly. Had Obama put the amount he spent on a stimulus into tax cuts and cut spending we wouldn't be in this mess today.
Ok, I will say that that was the stated purpose of the stimulus and I think it did have an effect, but I also believe they are lying about the numbers (as ptif219 points out) and am very disappointed in the amount of money spent with respect to the number of jobs actually saved or created. It is no surprise that the money was predominantly steered to Democratic constituencies.
It is one hell of a pickle. Economy down, real high unemployment, must pay unemployment insurance to keep people off the street, right? Lending frozen, investment down, housing a disaster with high foreclosure rate and languid new and used home markets, demand dropping, CC debt rising, super high deficit, states struggling to balance.... What combination of things needs to happen to restart growth?
sadly, the facts do not support this boast. When Clinton had higher tax rates, the economy created 22 million new jobs and we had a government surplus. We lowered taxes under Bush and ended up with virtually no job creation for the decade and record deficits. The historical record simply does not support your claims. In fact, it screams loudly against them.