Is Obama Over-stating the Case re. Financial Rescue Package ?

[CADsortaGUY]

Originally posted by: shira

Originally posted by: Ozoned

Originally posted by: senseamp

Originally posted by: Ozoned
Room full of 100 people. 3 years ago, 95 of them had jobs, now only 93 of them have jobs. So our plan is to spend nearly a trillion dollars to put 2% (2.5 Million People) of our labor force back to work?

Overstating the case? Do the math, it comes out to like $400,000 per job.

Completely bogus numbers. Just because unemployment is at 7% (which it's not anymore), doesn't mean employment is at 93%. There are people who gave up looking for work and aren't considered unemployed.
Secondly, we are spending a trillion dollars to keep millions more from joining those already out of work. Sorry, we can't wait for historical unemployment data to get started on that.

What statistical data are we going to use to measure the success of what you are suggesting?

What statistical data were YOU going to use to establish failure?

Isn't it the person who is begging/demanding the money be spent who should be providing the measures? Currently there aren't any so no matter what happens you can be the libs and BHO will claim it worked. Hell, they think the new deal "worked" despite the evidence it didn't.

 

[Ozoned]

Originally posted by: charrison
Rather than spending $300k per job created. Why not just create a lottery and write a big check to a lucky 3M people.

OR write a 10k check to every family.



No matter what we do, It spending time debating how to spend 800B.

Or write a check to 12,500,000 people for 25,000 a year for 3 years.

 

[Ozoned]

Originally posted by: CADsortaGUY

Originally posted by: shira

Originally posted by: Ozoned

Originally posted by: senseamp

Originally posted by: Ozoned
Room full of 100 people. 3 years ago, 95 of them had jobs, now only 93 of them have jobs. So our plan is to spend nearly a trillion dollars to put 2% (2.5 Million People) of our labor force back to work?

Overstating the case? Do the math, it comes out to like $400,000 per job.

Completely bogus numbers. Just because unemployment is at 7% (which it's not anymore), doesn't mean employment is at 93%. There are people who gave up looking for work and aren't considered unemployed.
Secondly, we are spending a trillion dollars to keep millions more from joining those already out of work. Sorry, we can't wait for historical unemployment data to get started on that.

What statistical data are we going to use to measure the success of what you are suggesting?

What statistical data were YOU going to use to establish failure?

Isn't it the person who is begging/demanding the money be spent who should be providing the measures? Currently there aren't any so no matter what happens you can be the libs and BHO will claim it worked. Hell, they think the new deal "worked" despite the evidence it didn't.

The new deal (behind the scenes) worked very well. It put money in places that allowed a 4 term president to maintain power, despite a terrible economy and despite huge unemployment numbers.

 

[Ozoned]

Originally posted by: senseamp


OK, so let's not do anything while we wait for statisticians to figure out how to measure it. :roll:

Again, go back to the statement: if Congress does not quickly pass an economic stimulus package, the nation will slip into a crisis so deep that "we may be unable to reverse" it

Obviously to make a statement this bold, the statistics would already exist. Don't you agree?

 

[Ozoned]

Originally posted by: wwswimming
quickly

I have a problem with this also. Do you realize that from Jan 1st to April 15th the government will return approx. 140,000,000,000 dollars to the tax payers in the form of refunds on their tax withholdings.

What is the fvcking hurry on this stimulus bill?

 

[CADsortaGUY]

Originally posted by: Ozoned

Originally posted by: wwswimming
quickly

I have a problem with this also. Do you realize that from Jan 1st to April 15th the government will return approx. 140,000,000,000 dollars to the tax payers in the form of refunds on their tax withholdings.

What is the fvcking hurry on this stimulus bill?

Ramming through this:

Originally posted by: CADsortaGUY

Originally posted by: quest55720
He is just trying to scare the public into support of this bill that is nothing but a 40 year wish list of the democrats.

this.

 

[Jiggz]

Originally posted by: charrison
Rather than spending $300k per job created. Why not just create a lottery and write a big check to a lucky 3M people.

OR write a 10k check to every family.



No matter what we do, It spending time debating how to spend 800B.

If there's any proof that we can spend our way out of recession, please show it and direct it to the WH. So instead of just spending $800B, we might as well spend $10T to make sure we'll all be in paradise! Heck! We're going to need more printing presses and paper!

 

[Jiggz]

Originally posted by: Ozoned

Originally posted by: senseamp


OK, so let's not do anything while we wait for statisticians to figure out how to measure it. :roll:

Again, go back to the statement: if Congress does not quickly pass an economic stimulus package, the nation will slip into a crisis so deep that "we may be unable to reverse" it

Obviously to make a statement this bold, the statistics would already exist. Don't you agree?

Absolutely correct! Except that the statistics all came from the White House, the same people who are also saying, "the sky is falling!"

 

[RichardE]

Yep, passing the first part worked so well with the banks with no strings attached..

Anyone else remember the I need 3/4 of a trillion dollars by Tuesday? Fear is the governments best friend.

 

[EXman]

Originally posted by: loki8481
is a prime-time news conference to say all the stuff he's been saying non-stop for the past week really necessary?

An infomercial for his church of socialism. It did interrupt my wifes' "the Bachelor" so I think that is pretty funny though.

 

[Budmantom]

Originally posted by: RichardE
Yep, passing the first part worked so well with the banks with no strings attached..

Anyone else remember the I need 3/4 of a trillion dollars by Tuesday? Fear is the governments best friend.

It will be done differently this time, we will have a system of checks and balances plus government watch dogs named Barney Frank & Chris Dudd overseening all the spending to make sure there is not waste.

 

[RichardE]

Originally posted by: Budmantom

Originally posted by: RichardE
Yep, passing the first part worked so well with the banks with no strings attached..

Anyone else remember the I need 3/4 of a trillion dollars by Tuesday? Fear is the governments best friend.

It will be done differently this time, we will have a system of checks and balances plus government watch dogs named Barney Frank & Chris Dudd overseening all the spending to make sure there is not waste.

Damn good, I was getting worried for a second. Thanks man :beer:

 

[alphatarget1]

I thought fear mongering is only done by Republicans and not the hope advocated by the Obamessiah?

What a fvcking tool. I'm glad I voted against this clown.

 

[alien42]

i prefer my president to be completely wrong

repeatedly

 

[ericlp]

Originally posted by: Ozoned

Originally posted by: shira

Originally posted by: Ozoned
Room full of 100 people. 3 years ago, 95 of them had jobs, now only 93 of them have jobs. So our plan is to spend nearly a trillion dollars to put 2% (2.5 Million People) of our labor force back to work?

Overstating the case? Do the math, it comes out to like $400,000 per job.

85

You believe that the stimulus plan will keep another 10,000,000 people from losing their jobs?

I don't know. What's your plan? "crickets" Opps, there went another 500 jobs while we were waiting.

I don't think we can wait around till this gets past the point of no return.

People are not spending. Business hurt, they lay off more people. Now people REALLY aren't spending. More business's go bankrupt because the people it relied on to spend money in the bars, restaurants, shops... etc..etc... it's just a big snow ball effect.

Question is how much money can your throw at it before it's just a waste of time? I think something should have been done a long time ago. But Bush had no clue what was going on so. Here we are! Depression session... Maybe we should do nothing.

Tho, I think there is still time if we hurry. Tho, the longer we wait the worse it gets. Maybe we ought to do nothing let the banking and money system fail and hope that we don't have massive anarchy and mass killings over twinkies /ding dongs (food) and basic human services.

At least if it fails then maybe the world can get together and make a new money system that's better then the old one? Hmmmmmm.....

 

[sandorski]

No

 

[KK]

Sure he's using fear to make this thing go thru. The only thing we got to fear is fear itself. And this stimilus package is and will be a complete waste of money. 6-12 monthes down the road, they will be asking for another package. Now if you are a sheep and believe suddenly that the messiah is in charge and this package will work then bahhhhhhh to you. It must be nice to live in la-la land.