Obama Says Economic Stimulus Plan Worked as Intended

Patranus

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Apr 15, 2007
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President Barack Obama said his $787 billion stimulus bill ?has worked as intended? as he pushed back against Republican criticism that his recovery program has failed to rescue the economy.
http://www.bloomberg.com/apps/...01087&sid=a0StZd9y2rCY

What's unemployment again? 8%? Can't be above that as Obama promised that it wouldn't if they passed the economic stimulus. How about 9%? Can't be above that as Obama said it would top out at that if they did nothing.
 

First

Lifer
Jun 3, 2002
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We won't know for sure for another year. But we will know a lot more by the end of this year.
 

Patranus

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Apr 15, 2007
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Originally posted by: Evan
We won't know for sure for another year. But we will know a lot more by the end of this year.

Like I said, Obama promised that unemployment would top out at 8% if it was passed. He also said that it would reach 9% is the government did nothing.

Unemployment is at 10%, higher than it would have been had the government done nothing. According to Obama's own definition, IT DID NOT WORK.
 

themusgrat

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Nov 2, 2005
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It is pretty funny that Obama is already calling himself a winnar, he must just need a self confidence boost I guess. Nobody really knows if it's worked, and for SURE, Barack Obama doesn't know anything other than what his aides tell him about the economy.
 

ZeGermans

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Dec 14, 2004
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Most economists, except the crazy friedman types that were in the pocket of rich people, said the stimulus was way to small to take effect, and this was before half of it went into tax cuts.
 

ZeGermans

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vOv at first I chalked it up to obama's naive attempt at bipartisanship, but then it turned out he was basically a right-centrist that had no interest in spending the money necessary for a stimulus.
 

ZeGermans

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clearly a better plan would be to cut taxes for rich people so they can put it in savings accounts that get taxed marginally already.
 

cubeless

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Sep 17, 2001
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maybe he means the strings that came with the money, not just the couple jobs that it has saved...
 

ZeGermans

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yes the strings like "let honest americans looking for jobs be able to collect enough unemployment to maybe not starve"
 

BoberFett

Lifer
Oct 9, 1999
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Originally posted by: ZeGermans
clearly a better plan would be to cut taxes for rich people so they can put it in savings accounts that get taxed marginally already.

You think money in savings accounts just sits there in a big Scrooge McDuck vault that the bankers swim in?
 

dmcowen674

No Lifer
Oct 13, 1999
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Originally posted by: Patranus
Topic Title: Obama Says Economic Stimulus Plan Worked as Intended

Banks got money - check

Auto industry got money - check

Politicians got money - check

The citizens of U.S. screwed - check

Yep, worked as intended

Gotta love how Dems haved learned so well from Republicans :thumbsup:
 

retrospooty

Platinum Member
Apr 3, 2002
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Originally posted by: Patranus
President Barack Obama said his $787 billion stimulus bill ?has worked as intended? as he pushed back against Republican criticism that his recovery program has failed to rescue the economy.
http://www.bloomberg.com/apps/...01087&sid=a0StZd9y2rCY

What's unemployment again? 8%? Can't be above that as Obama promised that it wouldn't if they passed the economic stimulus. How about 9%? Can't be above that as Obama said it would top out at that if they did nothing.

You are absolutely right - I think you shouldnt vote for the guy. Imagine that, he didnt fix the worst economy since the great depression in 6 months in office. and to top it off, he was wrong about how high unemployment would go - OMG what a horrible error.

Definitely you should recind your vote - obviously the man cant be trusted to run the USA.

LOL - what a douchebag.
 

CADsortaGUY

Lifer
Oct 19, 2001
25,162
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www.ShawCAD.com
Originally posted by: retrospooty
Originally posted by: Patranus
President Barack Obama said his $787 billion stimulus bill ?has worked as intended? as he pushed back against Republican criticism that his recovery program has failed to rescue the economy.
http://www.bloomberg.com/apps/...01087&sid=a0StZd9y2rCY

What's unemployment again? 8%? Can't be above that as Obama promised that it wouldn't if they passed the economic stimulus. How about 9%? Can't be above that as Obama said it would top out at that if they did nothing.

You are absolutely right - I think you shouldnt vote for the guy. Imagine that, he didnt fix the worst economy since the great depression in 6 months in office. and to top it off, he was wrong about how high unemployment would go - OMG what a horrible error.

Definitely you should recind your vote - obviously the man cant be trusted to run the USA.

LOL - what a douchebag.

What does any of that have to do with the BHO being so blind as to think his leftist christmas("stimulus") is actually working?
 

Patranus

Diamond Member
Apr 15, 2007
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Originally posted by: retrospooty
Originally posted by: Patranus
President Barack Obama said his $787 billion stimulus bill ?has worked as intended? as he pushed back against Republican criticism that his recovery program has failed to rescue the economy.
http://www.bloomberg.com/apps/...01087&sid=a0StZd9y2rCY

What's unemployment again? 8%? Can't be above that as Obama promised that it wouldn't if they passed the economic stimulus. How about 9%? Can't be above that as Obama said it would top out at that if they did nothing.

You are absolutely right - I think you shouldnt vote for the guy. Imagine that, he didnt fix the worst economy since the great depression in 6 months in office. and to top it off, he was wrong about how high unemployment would go - OMG what a horrible error.

Definitely you should recind your vote - obviously the man cant be trusted to run the USA.

LOL - what a douchebag.

He is the one who made the claims, not me. Maybe he shouldn't have claimed something, spent 1.6 trillion dollars the USA doesn't have, and then try and rewrite history as to why he was spending that money in the first place.

Maybe this graph will help you understand
http://doctorbulldog.files.wor...nt-may-hockeystick.gif
 

Patranus

Diamond Member
Apr 15, 2007
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Originally posted by: dmcowen674
Originally posted by: Patranus
Maybe he shouldn't have claimed something, spent 1.6 trillion dollars the USA doesn't have

Did your hero Bush not spend money the USA doesn't have?

Obama's deficit spending is bush league compared to Bush. He is QUADRUPLED the deficit in 6 months.
 

CPA

Elite Member
Nov 19, 2001
30,322
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Originally posted by: dmcowen674
Originally posted by: Patranus
Topic Title: Obama Says Economic Stimulus Plan Worked as Intended

Banks got money - check

Auto industry got money - check

Politicians got money - check

The citizens of U.S. screwed - check

Yep, worked as intended

Gotta love how Dems haved learned so well from Republicans :thumbsup:

wow, surprised hearing this from you.
 
Oct 27, 2007
17,010
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Originally posted by: dmcowen674
Originally posted by: Patranus
Maybe he shouldn't have claimed something, spent 1.6 trillion dollars the USA doesn't have

Did your hero Bush not spend money the USA doesn't have?

Bush has been gone a while. Is it impossible for you to analyse what is going on in your country today without resorting to pathetic attacks on ex-presidents.
 

Genx87

Lifer
Apr 8, 2002
41,095
513
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These stimulus packages are short term. Anybody remember the 160 billion stimulus that went out 12 months ago? Yeah, nobody remembers because it didnt do shit except spend 160 billion.

Yeah, eventuallly this may bump the economy but the long term effects will be nill unless we perpetually fund it.
 

ZeGermans

Banned
Dec 14, 2004
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Originally posted by: Patranus
Originally posted by: dmcowen674
Originally posted by: Patranus
Maybe he shouldn't have claimed something, spent 1.6 trillion dollars the USA doesn't have

Did your hero Bush not spend money the USA doesn't have?

Obama's deficit spending is bush league compared to Bush. He is QUADRUPLED the deficit in 6 months.

I, too, have heard this talking point based on numbers that among other things don't include the iraq war on bush's side of the ledger but do for obama.