Wash Post article makes clear that Obama's error was doing too little, not too much

[shira]

A lot of people already do...

And I was making the point this is an opinion article and not hard science of facts, but the ideas of a left wing writer.

The governments own study of the stimulus wasn't so kind and figured that at most we saves 3 million jobs by spending $600+ billion.

By that measure it would have take a $1.4 trillion stimulus to offset job losses due to the recession.

If you had bothered to read the article, you would have seen that the current estimate for what it would have taken to counter the effects of the financial crisis is $2.5 trillion.

Now, rather than get on your right-wing pulpit, let your pea-brain absorb that piece of information. It doesn't mean that stimulus programs are inefficient or the Keynes was wrong. What it means is that the financial crisis was really, really bad and that extraordinary measure were required to counter its effects. But in our highly politicized system of government, passing even a $1 trillion stimulus program - let alone a $2.5 trillion program - was impossible. So what you see now is the consequence of a grossly under-funded stimulus: An economy that is still very weak.

But you and your fellow right-wing zealots just know that doing nothing would have cured our economic woes. You don't have any data to back up your beliefs, but who needs data when you're a true believer?

 

[Double Trouble]

Great, so does this mean that every time you start a thread based on a source coming from the right we can dismiss it out of hand? That would be the vast majority of them. Would save a lot of bandwidth for all those threads to just be ignored.

I wouldn't dismiss it off hand just because of the source, especially if it was a fact based discussion. If you read the article and it's full of conjecture and speculation as to "what would have happened" etc, then bringing the source into question and dismissing the conclusions not supported by facts is perfectly acceptable.

 

[soulcougher73]

Liberals still parading around how great it is we have "only" a 10% unemployment rate and how great it is Obama is forward thinking enough to spend more money than he takes in.

Yeah, rah rah cheer cheer go Team D! Uh huh. Cant wait till me health insurance premiums go up even more. Thanks Obama!

I dont really agree with stimulus spending either as i think it created fake short time jobs with no lasting impact. But in reality 10% probably isnt that bad concidering all we do is offshore jobs now. I mean pretty soon 50% might seem good as their are few jobs left in this country to be had

 

[piasabird]

The truth is whether it was a king from 20,000 years ago or the government of today, no matter what you give the people, they will always want more, and it will never be enough. This is the nature of civilization.