• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

Where's the stimulus?

Whovian

Banned
Joined
Oct 5, 2010
Messages
7,153
Reaction score
2,250
Location
dimensionally transcendental
Gender
Male
Political Leaning
Conservative
Before someone whines... this was in the NEWS section of CNNMoney.com...

Stimulus bill for economic recovery - what's the holdup? - Feb. 17, 2011

A bill to jump start the economy. That was the main idea behind the American Recovery and Reinvestment Act, better known as the "stimulus bill," which became law two years ago today.

However, the nation is still waiting for the bill's promised jolt...

Whatever lift the stimulus may have provided -- and it did offer some support -- the national unemployment rate at 9.0% is still well above the 7.8% jobless level, when the President made his pledge...

One city's stimulus plan Philadelphia County's unemployment rate was 10.7% in December, versus 9.1% for the nation. The data is a reflection of the fact that the stimulus did not deliver many "shovel ready" jobs for the city.

As of December 31, the latest data available, the city had yet to spend a whopping 77% of the money it was allocated under the stimulus...
 
The banks sure aren't doing their part. I bought out my ex business partner last year, and when I called my bank to try to consolidate the two business credit cards into my name (there had been one under his and one under mine), they responded by freezing the accounts and jacking up the interest rate from 7% to 25.9%.

I have tried four different banks hoping to transfer the account including the credit cards, but without success.

It seems pretty obvious that the banks idea of stimulus has nothing to do with small business and everything to do with increasing their profits to make their shareholders happy.
 
Start checking the Democrat Freezers in Philly........

jefferson-freezer-large.jpg

.
.
.
.
 
Ask all of those Republicans who voted against it and then turned around and accepted stimulus funds. Those socialists!
 
The banks sure aren't doing their part. I bought out my ex business partner last year, and when I called my bank to try to consolidate the two business credit cards into my name (there had been one under his and one under mine), they responded by freezing the accounts and jacking up the interest rate from 7% to 25.9%.

I have tried four different banks hoping to transfer the account including the credit cards, but without success.

It seems pretty obvious that the banks idea of stimulus has nothing to do with small business and everything to do with increasing their profits to make their shareholders happy.

With all due respect it seems like we are missing part of the story. You are trying to say that you had a credit card @ 7% and just by asking for the credit limit to be raised they increased the rate by 19%, and did not allow you to keep the old rate???
 
Ask all of those Republicans who voted against it and then turned around and accepted stimulus funds. Those socialists!

Of all the stupid lines to come out of the 2010 election contest the one about accepting stimulus funds has to top the cake. Does this mean that people who want to spend less on homeland security should fly on planes that are designated as no inspection flights?
 
With all due respect it seems like we are missing part of the story. You are trying to say that you had a credit card @ 7% and just by asking for the credit limit to be raised they increased the rate by 19%, and did not allow you to keep the old rate???

When I asked them to consolidate the two cards into my name, they did so. I have spoken to at least a dozen different people at the bank in question, have received conflicting information, butthe last one flat out told me it would be frozen at 25.9% no matter what I did.

The differences bertween a bank and criminal racketeering operation can seem meaningless at times.
 
When I asked them to consolidate the two cards into my name, they did so. I have spoken to at least a dozen different people at the bank in question, have received conflicting information, butthe last one flat out told me it would be frozen at 25.9% no matter what I did.

The differences bertween a bank and criminal racketeering operation can seem meaningless at times.

Not sure where you live, but there have to be a ton of banks there. First of all if you had a 7% rate, that is very low so your credit rating must be very good. If that is the case someone has to be willing to lend you money below 25%. You may want to look into home equity loans, those should be around 5% until you can get this fixed.

In addition, there are sites where you can borrow from individuals for materially lower rates than 25%. Depending on your credit score. I know of one I have loaned folks money called Prosper.com.

Good luck, I hope you find a reasonable rate.
 
Another problem may be that some of the projects taken on from the stimulus are long-term. As I have talked about before, Charlotte took 500 million in stimulus money to build a high speed rail:

High-speed rail plan puts Charlotte-Raleigh trip on fast track | Charlotte Business Journal

However, this project doesn't just happen. It takes years of planning - 10 years - before construction even begins.

So much for "shovel ready" huh.........

Bankrupting America now.....to "stimulate" an economy a decade away.......The Democrat Party.
..
.
.
.
 
The biggest problem is that it was a con...a shell game. The 'stimulus' money SAVED or created jobs...translation...it enabled states that have done a dismal job with their budgets to avoid laying off people temporarily without the requirment to fix the problems. It was a stop gap measure at best.
 
The biggest problem is that it was a con...a shell game. The 'stimulus' money SAVED or created jobs...translation...it enabled states that have done a dismal job with their budgets to avoid laying off people temporarily without the requirment to fix the problems. It was a stop gap measure at best.

Amen.......a Unemmployment Postponement Bill........as all the people with those "saved jobs" are going to realize the very second PORKULUS funding runs out.
.
.
.
.
 
I guess boosting aggregate demand doesn't produce jobs. When will this Keynesian dreck die?
 
So much for "shovel ready" huh.........

Bankrupting America now.....to "stimulate" an economy a decade away.......The Democrat Party.
..
.
.
.

You are like a rhetoric monkey. Good job. The republican party.
 
You are like a rhetoric monkey. Good job. The republican party.

OK...no rhetoric...straight up facts...Obama's rep says the stimulus has met its goals...we have unemployment now around 10%...so...que?
 
The predictions made by economists that our unemployment would stop at 9 ot 10 percent without the stimulus was obviously wrong, in hindsight, it appears it would likely have been much higher without the stimulus. The stimulus made a difference, but things were worse than expected.

At least, this is my take on it.

Or sapping away capital on worthless projects made the situation worse.
 
One thing the stimulus did was to put the stock market over 12,000. However, that is misleading. Enough stimulus could put it over 20,000 and we would still have high unemployment. Why is that? Here's a clue. Has anybody noticed how prices for food, gasoline, and other necessities have skyrocketed recently? When you print money, the money itself becomes more worthless. It's called inflation, and we are beginning to see a round of it right now.

Everybody talks about taxes, but there is a hidden tax, which is inflation, and it is the worst tax of all. The dollar has lost 98% of it's value since 1913, and it was caused by the printing of vast amounts of money to pay for things that we could not have afforded otherwise. All a stimulus is going to do is make it worse.

It is an evening in December, 2020. A family sits around the fireplace, chatting about the day's events.....

Father: Son, the fire is going down. We need more fuel.

Son: No problem, dad, we have plenty fuel.

The son goes to the basement, and brings up another armload of hundred dollar bills to throw on the fire.

Father: Good job, son.
 
Last edited:
The predictions made by economists that our unemployment would stop at 9 ot 10 percent without the stimulus was obviously wrong, in hindsight, it appears it would likely have been much higher without the stimulus. The stimulus made a difference, but things were worse than expected.

At least, this is my take on it.

Hoax.............

StimulusProj.jpg

.
.
.
....and Change.

Unemployemnt Rate Since Obama's "Stimulus/Jobs Bill"
UnemploymentRate.gif



To believe that without Obama it would have been worse......and when its worse.....it would have been worser.......

.......is to believe an unemployment rate of 15%..... 8 years after the new deal was a "Success"......
.
.
.
.
 
One thing the stimulus did was to put the stock market over 12,000. However, that is misleading. Enough stimulus could put it over 20,000 and we would still have high unemployment. Why is that? Here's a clue. Has anybody noticed how prices for food, gasoline, and other necessities have skyrocketed recently? When you print money, the money itself becomes more worthless. It's called inflation, and we are beginning to see a round of it right now.

Everybody talks about taxes, but there is a hidden tax, which is inflation, and it is the worst tax of all. The dollar has lost 98% of it's value since 1913, and it was caused by the printing of vast amounts of money to pay for things that we could not have afforded otherwise. All a stimulus is going to do is make it worse.

It is an evening in December, 2020. A family sits around the fireplace, chatting about the day's events.....

Father: Son, the fire is going down. We need more fuel.

Son: No problem, dad, we have plenty fuel.

The son goes to the basement, and brings up another armload of hundred dollar bills to throw on the fire.

Father: Good job, son.

I highly doubt it will matter...but it MIGHT be helpful if it was called by what it was: not a stimulus bill, but more deficit spending. Thats NEVER good. Especially when there is no clear cut plan on what the deficit money was spent for. We would have been better off if we had bought everyone in America a new American manufactured car or paid off their mortgage (not that we should have done it...but it would have at least BOUGHT something that would have required production (with the hope being that increased production equals increased jobs equals increased demand).
 
One thing the stimulus did was to put the stock market over 12,000. However, that is misleading. Enough stimulus could put it over 20,000 and we would still have high unemployment. Why is that? Here's a clue. Has anybody noticed how prices for food, gasoline, and other necessities have skyrocketed recently? When you print money, the money itself becomes more worthless. It's called inflation, and we are beginning to see a round of it right now.

Everybody talks about taxes, but there is a hidden tax, which is inflation, and it is the worst tax of all. The dollar has lost 98% of it's value since 1913, and it was caused by the printing of vast amounts of money to pay for things that we could not have afforded otherwise. All a stimulus is going to do is make it worse.

It is an evening in December, 2020. A family sits around the fireplace, chatting about the day's events.....

Father: Son, the fire is going down. We need more fuel.

Son: No problem, dad, we have plenty fuel.

The son goes to the basement, and brings up another armload of hundred dollar bills to throw on the fire.

Father: Good job, son.

weimar2.jpg
 
Back
Top Bottom