Obama Says Economic Stimulus Plan Worked as Intended

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Budmantom

Lifer
Aug 17, 2002
13,103
1
81
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.


I'd like to defend Barry, you can't expect a community organizer that hasn't ever run anything to know anything about the economy.

 

Budmantom

Lifer
Aug 17, 2002
13,103
1
81
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.

Rich people like the ones at the banks or AIG?

 

senseamp

Lifer
Feb 5, 2006
35,781
6,186
126
It's absolutely scary to think what would happen to this country if the naysayers had their way. Great Depression 2 for sure.
These are people more interested in scoring cheap political points than doing anything to solve the problem.
 

senseamp

Lifer
Feb 5, 2006
35,781
6,186
126
Originally posted by: Budmantom
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.

Rich people like the ones at the banks or AIG?

AIG was bailed out under Bush.
 

Budmantom

Lifer
Aug 17, 2002
13,103
1
81
Originally posted by: senseamp
It's absolutely scary to think what would happen to this country if the naysayers had their way. Great Depression 2 for sure.
These are people more interested in scoring cheap political points than doing anything to solve the problem.


Yeah it's scary, we would be @ 9% unemployment.


 

senseamp

Lifer
Feb 5, 2006
35,781
6,186
126
Originally posted by: Budmantom
Originally posted by: senseamp
It's absolutely scary to think what would happen to this country if the naysayers had their way. Great Depression 2 for sure.
These are people more interested in scoring cheap political points than doing anything to solve the problem.


Yeah it's scary, we would be @ 9% unemployment.

Probably 12% by now without stimulus.
 

Budmantom

Lifer
Aug 17, 2002
13,103
1
81
Originally posted by: senseamp
Originally posted by: Budmantom
Originally posted by: senseamp
It's absolutely scary to think what would happen to this country if the naysayers had their way. Great Depression 2 for sure.
These are people more interested in scoring cheap political points than doing anything to solve the problem.


Yeah it's scary, we would be @ 9% unemployment.

Probably 12% by now without stimulus.

How do you come up with 12%, are you just making this these number up?

Natzi Pelozi thought it would be
Worse.



 

Medellon

Senior member
Feb 13, 2000
812
2
81
This dumbass of a president has proven time and again he has no clue what the hell he is doing. I find it amazing that people don't think he was influenced by who he hung around with for 20+ years. So this man went to Harvard, big frickin' deal. You can't teach wisdom no matter how many books you read or how many lectures you listen to.
 

senseamp

Lifer
Feb 5, 2006
35,781
6,186
126
Originally posted by: Budmantom
Originally posted by: senseamp
Originally posted by: Budmantom
Originally posted by: senseamp
It's absolutely scary to think what would happen to this country if the naysayers had their way. Great Depression 2 for sure.
These are people more interested in scoring cheap political points than doing anything to solve the problem.


Yeah it's scary, we would be @ 9% unemployment.

Probably 12% by now without stimulus.

How do you come up with 12%, are you just making this these number up?

Natzi Pelozi thought it would be
Worse.

How did you come up with 9% number? You are bashing Obama for underestimating the unemployment in the "With Recovery Plan" chart, but you take his "Without Recovery Plan" chart as gospel? And you don't think it makes you look like an idiot? It's like someone telling firefighters, "you underestimated the extent of the fire, so you shouldn't try extinguishing it."
 

Budmantom

Lifer
Aug 17, 2002
13,103
1
81
Originally posted by: Medellon
This dumbass of a president has proven time and again he has no clue what the hell he is doing. I find it amazing that people don't think he was influenced by who he hung around with for 20+ years. So this man went to Harvard, big frickin' deal. You can't teach wisdom no matter how many books you read are how many lectures you listen to.


How dare you call our dictator a dumbass?
 

charrison

Lifer
Oct 13, 1999
17,033
1
81
Originally posted by: senseamp
Originally posted by: Budmantom
Originally posted by: senseamp
Originally posted by: Budmantom
Originally posted by: senseamp
It's absolutely scary to think what would happen to this country if the naysayers had their way. Great Depression 2 for sure.
These are people more interested in scoring cheap political points than doing anything to solve the problem.


Yeah it's scary, we would be @ 9% unemployment.

Probably 12% by now without stimulus.

How do you come up with 12%, are you just making this these number up?

Natzi Pelozi thought it would be
Worse.

How did you come up with 9% number? You are bashing Obama for underestimating the unemployment in the "With Recovery Plan" chart, but you take his "Without Recovery Plan" chart as gospel? And you don't think it makes you look like an idiot? It's like someone telling firefighters, "you underestimated the extent of the fire, so you shouldn't try extinguishing it."

His chart. Mission accomplished.

At that point the stimulus was sold as immediate relief. Now it is going to take several years to work.
The koolaid is strong.
 

Budmantom

Lifer
Aug 17, 2002
13,103
1
81
Originally posted by: senseamp
Originally posted by: Budmantom
Originally posted by: senseamp
Originally posted by: Budmantom
Originally posted by: senseamp
It's absolutely scary to think what would happen to this country if the naysayers had their way. Great Depression 2 for sure.
These are people more interested in scoring cheap political points than doing anything to solve the problem.


Yeah it's scary, we would be @ 9% unemployment.

Probably 12% by now without stimulus.

How do you come up with 12%, are you just making this these number up?

Natzi Pelozi thought it would be
Worse.

How did you come up with 9% number? You are bashing Obama for underestimating the unemployment in the "With Recovery Plan" chart, but you take his "Without Recovery Plan" chart as gospel? And you don't think it makes you look like an idiot? It's like someone telling firefighters, "you underestimated the extent of the fire, so you shouldn't try extinguishing it."

Well I tried to give him the benefit of the doubt until he is proven to be wrong.

It's clear that you choose to believe everything that he and his administration say without an independent thought(like sheep), unfortunately you are not alone.
 

umbrella39

Lifer
Jun 11, 2004
13,819
1,126
126
Originally posted by: Budmantom
Originally posted by: senseamp
It's absolutely scary to think what would happen to this country if the naysayers had their way. Great Depression 2 for sure.
These are people more interested in scoring cheap political points than doing anything to solve the problem.


Yeah it's scary, we would be @ 9% unemployment.

What's even more scary is the thought of some many unemployed GOP fluffers sitting at home with nothing better to do that complain about Obama. Where was all the sharp wit and scrutiny when the country was going to hell in a hand basket from 2000 until 2008. Yeah, now we are supposed to take your ilk seriously now that you 'care' again. :roll:
 

senseamp

Lifer
Feb 5, 2006
35,781
6,186
126
Originally posted by: charrison
Originally posted by: senseamp
Originally posted by: Budmantom
Originally posted by: senseamp
Originally posted by: Budmantom
Originally posted by: senseamp
It's absolutely scary to think what would happen to this country if the naysayers had their way. Great Depression 2 for sure.
These are people more interested in scoring cheap political points than doing anything to solve the problem.


Yeah it's scary, we would be @ 9% unemployment.

Probably 12% by now without stimulus.

How do you come up with 12%, are you just making this these number up?

Natzi Pelozi thought it would be
Worse.

How did you come up with 9% number? You are bashing Obama for underestimating the unemployment in the "With Recovery Plan" chart, but you take his "Without Recovery Plan" chart as gospel? And you don't think it makes you look like an idiot? It's like someone telling firefighters, "you underestimated the extent of the fire, so you shouldn't try extinguishing it."

His chart. Mission accomplished.

At that point the stimulus was sold as immediate relief. Now it is going to take several years to work.
The koolaid is strong.

Yes, but you already discredited that chart, because it underestimated the unemployment with stimulus plan. So why do you accept it as fact for 9% unemployment without stimulus?
The plan that Congress passed was a watered down version of what Obama wanted to get Republicans on board, since Franken was not there yet. It shifted some of the more immediate stimulus to slower acting tax cuts that Republicans wanted. People like Krugman warned at the time that this would make stimulus less effective and probably require a second round of stimulus, which appears to be coming true.
 

blackangst1

Lifer
Feb 23, 2005
22,914
2,359
126
Originally posted by: eskimospy
Originally posted by: blackangst1
Originally posted by: eskimospy
Originally posted by: blackangst1

Which of Bush's economic policies has Obama dismantled again?

Bush didn't dismantle Social Security, do you hold him responsible for it?

No, I dont. I hold primarily the senate for it. THEY are the ones raiding it.

Glad to hear we don't hold presidents responsible for the actions of their predecessors.

Well, I was responding specifically to your point of SS.
 

blackangst1

Lifer
Feb 23, 2005
22,914
2,359
126
Originally posted by: GuitarDaddy
Originally posted by: blackangst1
Originally posted by: GuitarDaddy
I love the double speak

On the dem's 2yr stimulus plan, repub's give it 4months and start screaming failure.

On the repub's 8yr war in Afghanistan it's a work in progress, stay the course.


The republicans arguments are so transparent and politally focused it comical.
Did they really expect a magic pill that would cure the worlds largest economy overnight?
Of course not, they are trying to play to the politically uneducated masses that want that pill so deperately

The repbublicans are constantly trying to draw comarisions between Obama and Hugo Chavez, but actually in these desperate times for the GOP their tactics far more closely align with Mr. Chavez's

Who was it again saying it IS working? He didnt say "give it time, he said it is working.

Oops.

And where is your proof that the 2yr plan isn't working? You have none, you just want to call the game in the 2nd inning and declare your team the winner.

When Obama got the stimulus passed he made very clear it was a two year plan, and that an economic turnaround would be a long a painful process, but since you didn't vote for him I quess you don't have to hold the man to his word but instead to your own misguided ideal of how quick the Administration could effect the economy.

The sad part is I don't believe your actually niave enough to think the economy could be turned around by any administration in 4 months, your just siezing at any oppurtunity to bash the current admin

No, I dont; however, that doesnt mean I cant disagree with how he's doing it. As I and many others see it, he is fucking us later in return for payment made in advance, now. And I find it hard to believe you are that naive to not see that. Unless youre THAT partisan.
 

blackangst1

Lifer
Feb 23, 2005
22,914
2,359
126
Originally posted by: senseamp
Originally posted by: Budmantom
Originally posted by: senseamp
It's absolutely scary to think what would happen to this country if the naysayers had their way. Great Depression 2 for sure.
These are people more interested in scoring cheap political points than doing anything to solve the problem.


Yeah it's scary, we would be @ 9% unemployment.

Probably 12% by now without stimulus.

How do you figure?
 

Budmantom

Lifer
Aug 17, 2002
13,103
1
81
Originally posted by: senseamp
Looks like Obama hater circle-j*** is already in progress.


Not hater, my 1st post was to defend him, what does he know about the economy and creating jobs...... nothing he knows how to talk for an hour and not say anything, he can be witty when prepped, he can play basketball but how can you expect him to fix the economy.

Fix an election maybe, fix an economy.. not so much.
 

Budmantom

Lifer
Aug 17, 2002
13,103
1
81
Originally posted by: blackangst1
Originally posted by: senseamp
Originally posted by: Budmantom
Originally posted by: senseamp
It's absolutely scary to think what would happen to this country if the naysayers had their way. Great Depression 2 for sure.
These are people more interested in scoring cheap political points than doing anything to solve the problem.


Yeah it's scary, we would be @ 9% unemployment.

Probably 12% by now without stimulus.

How do you figure?


He doesn't, it's a guess to make the actual unemployment numbers look better.
 

charrison

Lifer
Oct 13, 1999
17,033
1
81
Originally posted by: senseamp
Originally posted by: charrison
Originally posted by: senseamp
Originally posted by: Budmantom
Originally posted by: senseamp
Originally posted by: Budmantom
Originally posted by: senseamp
It's absolutely scary to think what would happen to this country if the naysayers had their way. Great Depression 2 for sure.
These are people more interested in scoring cheap political points than doing anything to solve the problem.


Yeah it's scary, we would be @ 9% unemployment.

Probably 12% by now without stimulus.

How do you come up with 12%, are you just making this these number up?

Natzi Pelozi thought it would be
Worse.

How did you come up with 9% number? You are bashing Obama for underestimating the unemployment in the "With Recovery Plan" chart, but you take his "Without Recovery Plan" chart as gospel? And you don't think it makes you look like an idiot? It's like someone telling firefighters, "you underestimated the extent of the fire, so you shouldn't try extinguishing it."

His chart. Mission accomplished.

At that point the stimulus was sold as immediate relief. Now it is going to take several years to work.
The koolaid is strong.

Yes, but you already discredited that chart, because it underestimated the unemployment with stimulus plan. So why do you accept it as fact for 9% unemployment without stimulus?
The plan that Congress passed was a watered down version of what Obama wanted to get Republicans on board, since Franken was not there yet. It shifted some of the more immediate stimulus to slower acting tax cuts that Republicans wanted. People like Krugman warned at the time that this would make stimulus less effective and probably require a second round of stimulus, which appears to be coming true.

Ah yes, blame the republicans, largely left out of the process, but it still all their fault. Of course krugman originally thought the housing bubble was a good idea.
 

senseamp

Lifer
Feb 5, 2006
35,781
6,186
126
Originally posted by: Budmantom
Originally posted by: senseamp
Looks like Obama hater circle-j*** is already in progress.


Not hater, my 1st post was to defend him, what does he know about the economy and creating jobs...... nothing he knows how to talk for an hour and not say anything, he can be witty when prepped, he can play basketball but how can you expect him to fix the economy.

Fix an election maybe, fix an economy.. not so much.

He has a good economic team assembled, by most accounts. I don't expect the president to be a PhD in economics. Obama does have a good head on his shoulders.
 

Budmantom

Lifer
Aug 17, 2002
13,103
1
81
Originally posted by: umbrella39
Originally posted by: Budmantom
Originally posted by: senseamp
It's absolutely scary to think what would happen to this country if the naysayers had their way. Great Depression 2 for sure.
These are people more interested in scoring cheap political points than doing anything to solve the problem.


Yeah it's scary, we would be @ 9% unemployment.

What's even more scary is the thought of some many unemployed GOP fluffers sitting at home with nothing better to do that complain about Obama. Where was all the sharp wit and scrutiny when the country was going to hell in a hand basket from 2000 until 2008. Yeah, now we are supposed to take your ilk seriously now that you 'care' again. :roll:

I thought that the unemployed always voted D?

 

senseamp

Lifer
Feb 5, 2006
35,781
6,186
126
Originally posted by: charrison
Originally posted by: senseamp
Originally posted by: charrison
Originally posted by: senseamp
Originally posted by: Budmantom
Originally posted by: senseamp
Originally posted by: Budmantom
Originally posted by: senseamp
It's absolutely scary to think what would happen to this country if the naysayers had their way. Great Depression 2 for sure.
These are people more interested in scoring cheap political points than doing anything to solve the problem.


Yeah it's scary, we would be @ 9% unemployment.

Probably 12% by now without stimulus.

How do you come up with 12%, are you just making this these number up?

Natzi Pelozi thought it would be
Worse.

How did you come up with 9% number? You are bashing Obama for underestimating the unemployment in the "With Recovery Plan" chart, but you take his "Without Recovery Plan" chart as gospel? And you don't think it makes you look like an idiot? It's like someone telling firefighters, "you underestimated the extent of the fire, so you shouldn't try extinguishing it."

His chart. Mission accomplished.

At that point the stimulus was sold as immediate relief. Now it is going to take several years to work.
The koolaid is strong.

Yes, but you already discredited that chart, because it underestimated the unemployment with stimulus plan. So why do you accept it as fact for 9% unemployment without stimulus?
The plan that Congress passed was a watered down version of what Obama wanted to get Republicans on board, since Franken was not there yet. It shifted some of the more immediate stimulus to slower acting tax cuts that Republicans wanted. People like Krugman warned at the time that this would make stimulus less effective and probably require a second round of stimulus, which appears to be coming true.

Ah yes, blame the republicans, largely left out of the process, but it still all their fault. Of course krugman originally thought the housing bubble was a good idea.

They blocked stimulus until these tax cuts were put in, so they were not largely left out of the process, anymore than red lights are largely left out of controlling traffic.
 

Budmantom

Lifer
Aug 17, 2002
13,103
1
81
Originally posted by: senseamp
Originally posted by: Budmantom
Originally posted by: senseamp
Looks like Obama hater circle-j*** is already in progress.


Not hater, my 1st post was to defend him, what does he know about the economy and creating jobs...... nothing he knows how to talk for an hour and not say anything, he can be witty when prepped, he can play basketball but how can you expect him to fix the economy.

Fix an election maybe, fix an economy.. not so much.

He has a good economic team assembled, by most accounts. I don't expect the president to be a PhD in economics. Obama does have a good head on his shoulders.

A great team, that's why the stimulus has been such a great success(especially if you don't think for yourself).