Obama Says Economic Stimulus Plan Worked as Intended

[Red Dawn]

Originally posted by: RyanPaulShaffer
Edit: Crud, I saw I thought this was a different thread...I saw economy and assumed I was in the right one.

Anyway, didn't Obama just come out in the last few days and say we need patience and that the stimulus will take months and/or years to work?

But...but...back when he first came into office, he said that we needed the stimulus now in order to prevent 9% unemployment!

The Spin Meter is off the charts.

Did he? I do remember him saying that there will parts of this stimulus bill that might not work. He also said we needed to act fast to keep the decline of our economy from spiraling out of control. In that aspect the Stimulus bill has achieved it's goal. Has it fixed the economy, not yet and it's to be seen whether it does or not. One things for certain, it's silly to try determine if it will work just in 6 months.

 

[RyanPaulShaffer]

Originally posted by: Fear No Evil
We keep hearing about how long the process takes, how little of the money has been spent.. but when it was being passed, it needed to be passed NOW NOW NOW without a MOMENT to spare or the entire economy would collapse. No time to review the bill or READ the bill or have any idea whats IN the bill. PASS IT PASS IT PASS IT! Now wait.. 2 years.. 4 years.. 8 years?

Crisis...Catastrophe!

:Q

Funny how it was a crisis/catastrophe that required urgent passage of the "stimulus bill", yet once it was passed and things kept getting worse, now it's not quite the crisis/catastrophe and things will take time to work out.

:roll:

 

[jonks]

Originally posted by: Citrix
Mccain totally owned Obamas on his stimulus plan on yesterdays meet the press. then SEN. CHUCK SCHUMER (D-NY) came on and was nothing but lip service, all i heard was but, but ,but, but.....

Mccains point was that the money should have been used to help small business instead of bailing out "to big to fail" companies, he also blasted all the stupid pet projects the money is being spent on and how most of the money has been used to keep local governments funded.

Link to shows transcript.

It's hard to take anything he says seriously after listening to him defend his pick of Palin for vp and stand by his description of her as immensely qualified to be president. McCain knows admittedly little about matters economic, so taking his word as to what the right way to go is an appeal to ignorant authority.

Job losses are down about half from what they were in January. Obama said it would take years to turn the economy around. He never promised the prevent double digit unemployment, he said failure to act would guarantee it. That's not even nuanced unless your logic skills are those of a 5th grader. Taking delight in our economy not turning on a dime and blaming Obama's policies at this point is to, in not so many words, cheer for defeat. Will his policies ultimately work? I dunno. Guess we'll see.

 

[ElFenix]

so if it worked already does that mean we can cancel the rest of the money that hasn't been spent?

 

[Genx87]

Originally posted by: jonks

Originally posted by: Citrix
Mccain totally owned Obamas on his stimulus plan on yesterdays meet the press. then SEN. CHUCK SCHUMER (D-NY) came on and was nothing but lip service, all i heard was but, but ,but, but.....

Mccains point was that the money should have been used to help small business instead of bailing out "to big to fail" companies, he also blasted all the stupid pet projects the money is being spent on and how most of the money has been used to keep local governments funded.

Link to shows transcript.

It's hard to take anything he says seriously after listening to him defend his pick of Palin for vp and stand by his description of her as immensely qualified to be president. McCain knows admittedly little about matters economic, so taking his word as to what the right way to go is an appeal to ignorant authority.

Job losses are down about half from what they were in January. Obama said it would take years to turn the economy around. He never promised the prevent double digit unemployment, he said failure to act would guarantee it. That's not even nuanced unless your logic skills are those of a 5th grader. Taking delight in our economy not turning on a dime and blaming Obama's policies at this point is to, in not so many words, cheer for defeat. Will his policies ultimately work? I dunno. Guess we'll see.

Job losses are down about 40%. I'd guess because we are running out of people to layoff.
Obama saying it will take years is perfect for a politician. Because when his shit doesnt work he can just claim we need more time. Kind of like the jobs created or saved line of bullshit. How does one calculate a job saved? You cant but it allows a politician to use the argument "Well we lost 467,000 jobs this month but without my bill we would lose 800,000".

 

[RyanPaulShaffer]

Originally posted by: jonks

Originally posted by: Citrix
Mccain totally owned Obamas on his stimulus plan on yesterdays meet the press. then SEN. CHUCK SCHUMER (D-NY) came on and was nothing but lip service, all i heard was but, but ,but, but.....

Mccains point was that the money should have been used to help small business instead of bailing out "to big to fail" companies, he also blasted all the stupid pet projects the money is being spent on and how most of the money has been used to keep local governments funded.

Link to shows transcript.

It's hard to take anything he says seriously after listening to him defend his pick of Palin for vp and stand by his description of her as immensely qualified to be president. McCain knows admittedly little about matters economic, so taking his word as to what the right way to go is an appeal to ignorant authority.

Job losses are down about half from what they were in January. Obama said it would take years to turn the economy around. He never promised the prevent double digit unemployment, he said failure to act would guarantee it. That's not even nuanced unless your logic skills are those of a 5th grader. Taking delight in our economy not turning on a dime and blaming Obama's policies at this point is to, in not so many words, cheer for defeat. Will his policies ultimately work? I dunno. Guess we'll see.

Absolutely love how you immediately discredit anything McCain says because you personally dislike his pick for VP.

Boy howdy, Biden sure is a rocket scientist, isn't he? :roll:

The fact that you are (intentionally) missing is that the stimulus was sold on crisis/catastrophe, and we need to pass it now or else!

Yet it isn't working...thus proving that the crisis/catastrophe might have been...fabricated for a power grab?

"A crisis is a terrible thing to waste."

 

[jonks]

Originally posted by: Genx87

Originally posted by: jonks

Originally posted by: Citrix
Mccain totally owned Obamas on his stimulus plan on yesterdays meet the press. then SEN. CHUCK SCHUMER (D-NY) came on and was nothing but lip service, all i heard was but, but ,but, but.....

Mccains point was that the money should have been used to help small business instead of bailing out "to big to fail" companies, he also blasted all the stupid pet projects the money is being spent on and how most of the money has been used to keep local governments funded.

Link to shows transcript.

It's hard to take anything he says seriously after listening to him defend his pick of Palin for vp and stand by his description of her as immensely qualified to be president. McCain knows admittedly little about matters economic, so taking his word as to what the right way to go is an appeal to ignorant authority.

Job losses are down about half from what they were in January. Obama said it would take years to turn the economy around. He never promised the prevent double digit unemployment, he said failure to act would guarantee it. That's not even nuanced unless your logic skills are those of a 5th grader. Taking delight in our economy not turning on a dime and blaming Obama's policies at this point is to, in not so many words, cheer for defeat. Will his policies ultimately work? I dunno. Guess we'll see.

Job losses are down about 40%. I'd guess because we are running out of people to layoff.
Obama saying it will take years is perfect for a politician. Because when his shit doesnt work he can just claim we need more time. Kind of like the jobs created or saved line of bullshit. How does one calculate a job saved? You cant but it allows a politician to use the argument "Well we lost 467,000 jobs this month but without my bill we would lose 800,000".

Running out of people to lay off? I can't tell if you're joking or not. And do you think if we'd followed another plan that the economy would have turned around in these past 5 months?

 

[Genx87]

Originally posted by: jonks

Originally posted by: Genx87

Originally posted by: jonks

Originally posted by: Citrix
Mccain totally owned Obamas on his stimulus plan on yesterdays meet the press. then SEN. CHUCK SCHUMER (D-NY) came on and was nothing but lip service, all i heard was but, but ,but, but.....

Mccains point was that the money should have been used to help small business instead of bailing out "to big to fail" companies, he also blasted all the stupid pet projects the money is being spent on and how most of the money has been used to keep local governments funded.

Link to shows transcript.

It's hard to take anything he says seriously after listening to him defend his pick of Palin for vp and stand by his description of her as immensely qualified to be president. McCain knows admittedly little about matters economic, so taking his word as to what the right way to go is an appeal to ignorant authority.

Job losses are down about half from what they were in January. Obama said it would take years to turn the economy around. He never promised the prevent double digit unemployment, he said failure to act would guarantee it. That's not even nuanced unless your logic skills are those of a 5th grader. Taking delight in our economy not turning on a dime and blaming Obama's policies at this point is to, in not so many words, cheer for defeat. Will his policies ultimately work? I dunno. Guess we'll see.

Job losses are down about 40%. I'd guess because we are running out of people to layoff.
Obama saying it will take years is perfect for a politician. Because when his shit doesnt work he can just claim we need more time. Kind of like the jobs created or saved line of bullshit. How does one calculate a job saved? You cant but it allows a politician to use the argument "Well we lost 467,000 jobs this month but without my bill we would lose 800,000".

Running out of people to lay off? I can't tell if you're joking or not. And do you think if we'd followed another plan that the economy would have turned around in these past 5 months?

It is somewhat sarcastic. But may be some truth in it.

I dont understand the second part of your response.

 

[her209]

Originally posted by: Citrix
Mccain totally owned Obamas on his stimulus plan on yesterdays meet the press. then SEN. CHUCK SCHUMER (D-NY) came on and was nothing but lip service, all i heard was but, but ,but, but.....

Mccains point was that the money should have been used to help small business instead of bailing out "to big to fail" companies, he also blasted all the stupid pet projects the money is being spent on and how most of the money has been used to keep local governments funded.

Link to shows transcript.

And on This Week with George Stephanopolus, George mentioned to Senator Kyl that the Governor of Arizona has acknowledged that the stimulus has worked for the state of Arizona.

http://abcnews.go.com/ThisWeek...tory?id=8063029&page=1

 

[jonks]

Originally posted by: Genx87

I dont understand the second part of your response.

I meant that you criticize Obama's policies essentially of failing 5 months in, despite job losses being halved, and despite Obama, and just about every economist, saying it will take years to dig us out of the hole. You claimed that was merely a dilatory tactic to enable them to spin their policies as being effective as opposed to it being a mere statement of fact. I was asking whether you thought that if some alternative policies had been enacted that we'd be seeing strong signs of recovery already.

 

[Genx87]

Originally posted by: jonks

Originally posted by: Genx87

I dont understand the second part of your response.

I meant that you criticize Obama's policies essentially of failing 5 months in, despite job losses being halved, and despite Obama, and just about every economist, saying it will take years to dig us out of the hole. You claimed that was merely a dilatory tactic to enable them to spin their policies as being effective as opposed to it being a mere statement of fact. I was asking whether you thought that if some alternative policies had been enacted that we'd be seeing strong signs of recovery already.

I dont think at this point we would see strong signs of recovery. And we arent seeing those right now either with the money spent. The difference is the govt wouldnt own three companies and spent 800 billion we dont have.

I think this will take years to get us out of this mess. Because we havent even seen Cap and Trade and its detrimental effects and the govt is about to enter the insurance industry full force.

 

[jonks]

Originally posted by: Genx87

Originally posted by: jonks

Originally posted by: Genx87

I dont understand the second part of your response.

I meant that you criticize Obama's policies essentially of failing 5 months in, despite job losses being halved, and despite Obama, and just about every economist, saying it will take years to dig us out of the hole. You claimed that was merely a dilatory tactic to enable them to spin their policies as being effective as opposed to it being a mere statement of fact. I was asking whether you thought that if some alternative policies had been enacted that we'd be seeing strong signs of recovery already.

I dont think at this point we would see strong signs of recovery. And we arent seeing those right now either with the money spent. The difference is the govt wouldnt own three companies and spent 800 billion we dont have.

How can you criticize obama for offering hypothetically that things would have been worse without his stimulus plan, but then immediately hypothetically argue that things would have been different if McCain had won? You really think McCain would have let Detroit fail on his watch if he were president? No chance. None.

And we spent 800 billion in Iraq so far with money we didn't have either. While cutting taxes.

 

[Genx87]

Originally posted by: jonks

Originally posted by: Genx87

Originally posted by: jonks

Originally posted by: Genx87

I dont understand the second part of your response.

I meant that you criticize Obama's policies essentially of failing 5 months in, despite job losses being halved, and despite Obama, and just about every economist, saying it will take years to dig us out of the hole. You claimed that was merely a dilatory tactic to enable them to spin their policies as being effective as opposed to it being a mere statement of fact. I was asking whether you thought that if some alternative policies had been enacted that we'd be seeing strong signs of recovery already.

I dont think at this point we would see strong signs of recovery. And we arent seeing those right now either with the money spent. The difference is the govt wouldnt own three companies and spent 800 billion we dont have.

How can you criticize obama for offering hypothetically that things would have been worse without his stimulus plan, but then immediately hypothetically argue that things would have been different if McCain had won? You really think McCain would have let Detroit fail on his watch if he were president? No chance. None.

And we spent 800 billion in Iraq so far with money we didn't have either. While cutting taxes.

Gee where did I bring McCain into this?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!? Not even sure that qualifies as a strawman argument. Too blatent!

I can criticize Obama for pushing through 800 billion bill that wont have any long term benefits to the economy. Just like the stimulus bill of 08 that sent out 160 billion that didnt do jack shit. Markets correct themselves regardless of what the govt spends. At best it shows up as inflation, at worst it was an 800 billion sinkhole.

Take your pick.

 

[Svnla]

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?

Last time I checked, CONGRESS <Dem AND Rep> approve the budget/spending.

 

[jonks]

Originally posted by: Genx87

Originally posted by: jonks

Originally posted by: Genx87

Originally posted by: jonks

Originally posted by: Genx87

I dont understand the second part of your response.

I meant that you criticize Obama's policies essentially of failing 5 months in, despite job losses being halved, and despite Obama, and just about every economist, saying it will take years to dig us out of the hole. You claimed that was merely a dilatory tactic to enable them to spin their policies as being effective as opposed to it being a mere statement of fact. I was asking whether you thought that if some alternative policies had been enacted that we'd be seeing strong signs of recovery already.

I dont think at this point we would see strong signs of recovery. And we arent seeing those right now either with the money spent. The difference is the govt wouldnt own three companies and spent 800 billion we dont have.

How can you criticize obama for offering hypothetically that things would have been worse without his stimulus plan, but then immediately hypothetically argue that things would have been different if McCain had won? You really think McCain would have let Detroit fail on his watch if he were president? No chance. None.

And we spent 800 billion in Iraq so far with money we didn't have either. While cutting taxes.

Gee where did I bring McCain into this?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!? Not even sure that qualifies as a strawman argument. Too blatent!

I can criticize Obama for pushing through 800 billion bill that wont have any long term benefits to the economy. Just like the stimulus bill of 08 that sent out 160 billion that didnt do jack shit. Markets correct themselves regardless of what the govt spends. At best it shows up as inflation, at worst it was an 800 billion sinkhole.

Take your pick.

er...

Originally posted by: Genx87
Mccain totally owned Obamas on his stimulus plan on yesterdays meet the press...Mccains point was that the money should have been used to help small business instead of bailing out "to big to fail" companies, he also blasted all the stupid pet projects the money is being spent on and how most of the money has been used to keep local governments funded.

 

[her209]

Originally posted by: jonks
er...

Originally posted by: Genx87
Mccain totally owned Obamas on his stimulus plan on yesterdays meet the press...Mccains point was that the money should have been used to help small business instead of bailing out "to big to fail" companies, he also blasted all the stupid pet projects the money is being spent on and how most of the money has been used to keep local governments funded.

Citrix posted that.

 

[GoPackGo]

Where is my raise then? If all things are hunky dory?

 

[jonks]

Originally posted by: her209

Originally posted by: jonks
er...

Originally posted by: Genx87
Mccain totally owned Obamas on his stimulus plan on yesterdays meet the press...Mccains point was that the money should have been used to help small business instead of bailing out "to big to fail" companies, he also blasted all the stupid pet projects the money is being spent on and how most of the money has been used to keep local governments funded.

Citrix posted that.

aha, my mistake. apologies genx

 

[Carmen813]

Originally posted by: themusgrat

Originally posted by: Carmen813
9% of the stimulus money has been spent. The plan was designed to take effect over 2 years, not 4 months. We should know if it's having an effect by March next year.

Looks like most of the Republicans on this board are prematurely declaring victory, which leads me to two thoughts...

1.) You guys really like declaring victory as quickly as possible, sorta reminds me of "Mission Accomplished" in Iraq...
2.) I hope you guys aren't this premature in bed...

Unemployment also lags behind other economic indicators. For now it appears the banking market has stabilized, which is a good sign. Factories also had an uptick in over time hours last month, which means that while they are not yet re-hiring, they are producing more.

Actually I'm pretty sure it was Obama's premature declaration of victory that started this mess. Nobody really knows if the thing worked or not, it's in the process of working or not. We shall see later.

edit: Try to not ridicule yourself so hard next time. Also I do fine in bed, thanks for wondering.

Woo, looks like I struck a nerve. Calm yourself.

 

[lupi]

Just in case you haven't heard, BHO was out beating the mission accomplished drums again on cnn last night. A mighty large stack of eggs he is setting up on his head should prominent results not be seen in the reasonably near future. Could we indeed have back to back banner gates.

 

[senseamp]

LOL, was just reading this:
http://apnews.myway.com/article/20090714/D99EGOPO0.html
Republican Senators should reject stimulus funds for their states if there is a 2nd round. See what their constituents say about that.

 

[quest55720]

Originally posted by: senseamp
LOL, was just reading this:
http://apnews.myway.com/article/20090714/D99EGOPO0.html
Republican Senators should reject stimulus funds for their states if there is a 2nd round. See what their constituents say about that.

Or better yet find 3-4 conservative democrats in the senate and filibuster any second stimulus. The first was a complete was of money and so would a second.

 

[Sacrilege]

Get ready to be stimulated by Obama's caulk! :lips: :thumbsup: :shocked:

Ready or not, states are getting a tenfold boost in federal money to weatherize drafty homes, an increase so huge it has raised fears of waste and fraud and set off a scramble to find workers and houses for them to repair.

That is enough to weatherize 1 million homes, instead of the 140,000 normally done each year.

Yahoo! News Link

In addition to receiving an infusion of stimulus money, the program was expanded to cover families making up to twice the federal poverty level, or $44,100 for a family of four. Also, the average amount that can be spent per house was more than doubled to $6,500.

What do you think of this program? Obama likes the threesome it provides:

"You're getting a three-fer," Obama said. "That's exactly the kind of program we should be funding."

This seems like a lot of money ripe to be wasted. Weatherizing homes is good but I can just imagine unscrupulous contractors not showing up at the site. Does anyone here qualify for this program?

 

[nullzero]

Obama is filled with bull crap. Economic stimulus did not do anything significant! Its the reason we are now hearing calls for a stimulus #2! Since day one Obama took office we have continued the massive downward trend with the economy. What Obama is doing is not helping its creating more problems and conflicts down the road.

Worked as intended... that is a laugh LOL. +10% unemployment and the damn thing passed!

 

[Vic]

This thread is why Republicans can't win elections anymore.