Meanwhile, back in the real world...

[RoBoTeq]

President Obama is actually taking credit for saving 2 million jobs with the money that has been spent from the acclaimed stimulus package, even though millions of jobs were lost in the past year and unemployment rose with the unemployable no longer on unemployment nearing the Great Depression Era numbers.
President Barack Obama hailed Wednesday's one-year-old economic stimulus law as an accomplishment that staved off another Great Depression and kept up to 2 million people on the job.Just what orifice is the president pulling that claimed 2 milliong people figure from?

Even if the 2 million people not loosing their jobs were a reality, that would mean that $393,500.00 was spent to keep each of those people in jobs. Note that the president does not use the term "American" for those alleged 2 million people who did not lose their jobs. That is because, as we have already discussed, 78% of jobs created with that stimulus package went to foreign countries in overseas facilities.

In the real world, if Barack Obama took over a company on a downward spiral and borrowed billions of dollars to make things better and the results were that only a million employees had to be let go rather then an aclaimed 3 million, and there is nothing to show for progress for the upcoming year without having to borrow billions more...would this be considered a success?

If you get knocked out in boxing with only 3 punches rather then it taking 6 punches, have you not still been knocked out? If a baseball team loses by 3 points rather then by 6 points, are they any less a loser?

Read it and weep; http://news.yahoo.com/s/ap/20100217/ap_on_bi_ge/us_obama_stimulus

[coolwhip]

Robo, will you please talk some sense into this man.

[RoBoTeq]

Robo, will you please talk some sense into this man.
I keep trying, but when I call his hotline I have to press 2 for Whitie and that just forwards me to this; http://www.youtube.com/watch?v=1XaaoHIclys&feature=related

[coolwhip]

Oh sheit!...lol :D

[mrs reb77]

Baseball games aren't won by points, they are called runs.


The parrots will just continue to spout off about how great the stimulus is. Those with even 1/2 of the brain left they were born with will look around them and wonder WTH. The emperor's lack of clothing becomes more and more apparent.

[mrs reb77]

"One year later, it is largely thanks to the recovery act that a second depression is no longer a possibility," Obama said.

Has this man not learned to keep his feet from the area of his mouth?

[RoBoTeq]

He's been feeding us cow patties and telling us it's pudding since he took office. Thankfully at least some of the naive Americans who supported him are saying; "Wait a minute, this ain't pudding, this tastes like $h!t!

[k-fridge]

Old politics trick. Say it often enough and long enough; and people will start to believe it.

And there are some who will believe anything he says.

[glennac]

Old politics trick. Say it often enough and long enough; and people will start to believe it.

And there are some who will believe anything he says.

Can't argue that. In my opinion there are three types who support Obama. One type is fellow minorities because he is one of them and it don't matter how radical he is or how bad he ticts the rest of the country off, true radicals and special interest groups (the more radical the better) and the those who have White guilt (mostly White women) and are naive (losing support here every day) who are in a dream world.

Anyhow that's my take. Rarely see an Obama sticker nowadays outside of the hood. Thank you very much

[hearthman]

Everytime he opens his mouth his polls go down. He is naive on a massive scale. Libbies tried to trash Palin about her credentials while giving him a free pass. Well, we're all paying for that error now. This nut actually believes the crap he spews out of his own pie hole daily yet he has no clue about the real world. None. He was saying last week the ONLY thing preventing businesses from hiring was a lack of credit. Seriously! No clue. My beagle knows more about running a business than Oby-wan the Jedi commie. I'm just saddened by how long it is taking Dems to wake up, grow a pair and speak out against this monster. The fact is, they are afraid of him, too. You watch: he's going to lose patience with Congress and use his Executive Orders instead to propel his dictatorship over us all. I'm surprised no one has made an attempt on him yet.

7 million jobs in the hole and he's on TV crowing success!

Too late Mrs Reb---he already has a ferocious case of atheletes mouth...

[printer2]

Has the stimulus money had an effect on the economy or has it just got absorbed without anyone noticing?

[k-fridge]

Has the stimulus money had an effect on the economy or has it just got absorbed without anyone noticing?
Very slight effect, and the cost of each job is astronomical.

A lot of the money ended up overseas, and some was targeted for political payback.

If economic stimulus was really the objective, there were much better ways. Take the reigns off of business, and get the banks making (healthy) loans again. This way, the jobs created would be real jobs; not government jobs. Obama could have taken to the mic like Reagan did and give people confidence. Instead, he has kept us in crises mode so he could ram his agenda through. The economy will not recover until people return to some semblance of normalcy.

[printer2]

Very slight effect, and the cost of each job is astronomical.

A lot of the money ended up overseas, and some was targeted for political payback.

If economic stimulus was really the objective, there were much better ways. Take the reigns off of business, and get the banks making (healthy) loans again. This way, the jobs created would be real jobs; not government jobs. Obama could have taken to the mic like Reagan did and give people confidence. Instead, he has kept us in crises mode so he could ram his agenda through. The economy will not recover until people return to some semblance of normalcy.

How much went overseas and to political hacks? 50%? 20%? How much was the stimulus in relation to the size of the economy? Where would the economy been without it?

Would companies have created more jobs if taxes were reduced (just assuming those were the reigns you were talking about) or would they have fattened up their bottom line and waited to see how the wind blew? Why would a company decide to bring jobs back from China when they left to make more profit there?

Most of the economic activity in the US was due to the housing bubble and the jobs were there to support it. Now that the housing market was found out to be a goose egg rather than a golden egg will companies go back to providing jobs in the housing sector or will they generate other jobs?

The tax cuts that the companies receive to kick start the economy would reduce the revenue the government collects, should the average joe pick up the companies share?

How do you get banks to start making healthy loans? Do you regulate who they should lend to?


Not saying things were done right by Obie, just that I do not have much faith in the people that got us in this mess in the first place (companies leaving town to make more money overseas and money men that made risky loans (and got rich) with money borrowed from overseas that then had to be covered by governments).

[k-fridge]

How much went overseas and to political hacks? 50%? 20%? How much was the stimulus in relation to the size of the economy? Where would the economy been without it?
I saw some numbers awhile back, for get the exact amounts and too tired to look them up right now. One example was "cash for clunkers", it helped the Japanese manufacturers more that the domestic companies.

Where would the economy be without it? Not easy to say, frankly. But I doubt it would have been much different.

Would companies have created more jobs if taxes were reduced (just assuming those were the reigns you were talking about) or would they have fattened up their bottom line and waited to see how the wind blew? Why would a company decide to bring jobs back from China when they left to make more profit there?
Likely some of both until confidence levels pick up. A lot of businesses are in survival mode right now; but if they had some wiggle room with their bank accounts, they would be more aggressive with their growth plans.


Most of the economic activity in the US was due to the housing bubble and the jobs were there to support it. Now that the housing market was found out to be a goose egg rather than a golden egg will companies go back to providing jobs in the housing sector or will they generate other jobs?
The housing market was over-inflated, and now we are in a correction. It will come back in time, but employment and consumer confidence must pick up first. Again....we need leaders that will lift the American people up, not keep us in crises mode.


The tax cuts that the companies receive to kick start the economy would reduce the revenue the government collects, should the average joe pick up the companies share?
That is a false assumption. Tax cuts, done right; will make the pie (economy) bigger. The economic growth will result in increased tax revenues. Part of the problem with tax revenues now is the depressed economy. When people aren't working and making an income, they aren't paying taxes. The interest on the insane amount of money that is being borrowed is much more damaging to the budget than tax cuts.


How do you get banks to start making healthy loans? Do you regulate who they should lend to?
To some degree, yes. The government has been meddling with the lending industry for years, that is part of the reason for the banking crises we recently saw. They overreacted after the crises and tightened lending restrictions too much. Construction projects were shut down left and right because funding was cut off. I'm sure there's lots of people here than can attest to their construction side taking a dump because of this. It has also further damaged new home construction.



Not saying things were done right by Obie, just that I do not have much faith in the people that got us in this mess in the first place (companies leaving town to make more money overseas and money men that made risky loans (and got rich) with money borrowed from overseas that then had to be covered by governments).

Both sides got us into this. Political power was put ahead of what was best for the country.

Companies who move overseas are sometimes doing it because it's just too expensive to do business in the US. The government here is very adversarial to business, and it has gotten even worse under the current administration. A lot of these companies would have stayed here, if the government would get off their backs with excessive taxes and regulation. Allow business to prosper, and they will create jobs which pay taxes. It's really very simple, amazing that government doesn't "get it'". I think it's much easier to blame "the rich" and "evil corporations", and use that as a tool to rally the masses to the voting booths. The Dems have been masters of this for years, and the GOP is learning how as well.

[printer2]

My brother works for a company that designs and builds controls. They are in survival mode right now. It is not the availible money supply that is an issue right now, it is the fact that nobody is buying, without customers (consumers) a growth plan does not mean much.


So you give a $100 tax cut on $1000 on a tax bill of $200. So now you have a tax rate of 10% from 20% (just making up numbers for an example). To make up for the $100 you now need the company to make $2000. So a tax cut of $100 will cause the company to return a profit of $1000 to make up the tax cut lost.

Not sure if the economy can take off that high given a 50% tax cut.

[Tool-Slinger]

President Obama is actually taking credit for saving 2 million jobs with the money that has been spent from the acclaimed stimulus package, even though millions of jobs were lost in the past year and unemployment rose with the unemployable no longer on unemployment nearing the Great Depression Era numbers.Just what orifice is the president pulling that claimed 2 milliong people figure from?

Even if the 2 million people not loosing their jobs were a reality, that would mean that $393,500.00 was spent to keep each of those people in jobs. Note that the president does not use the term "American" for those alleged 2 million people who did not lose their jobs. That is because, as we have already discussed, 78% of jobs created with that stimulus package went to foreign countries in overseas facilities.

In the real world, if Barack Obama took over a company on a downward spiral and borrowed billions of dollars to make things better and the results were that only a million employees had to be let go rather then an aclaimed 3 million, and there is nothing to show for progress for the upcoming year without having to borrow billions more...would this be considered a success?

If you get knocked out in boxing with only 3 punches rather then it taking 6 punches, have you not still been knocked out? If a baseball team loses by 3 points rather then by 6 points, are they any less a loser?

Read it and weep; http://news.yahoo.com/s/ap/20100217/ap_on_bi_ge/us_obama_stimulus
2 million is 1% of 200 million population,... In any case that is only 1% of a 2/third of our population, peanuts. By what percentage have we increased our debt and deficit?

[Joe Harper]

787 billion for 2 million jobs.. lets see thats 787000000000/2000000 = 393500
$393,500 for each job...Im sure everyone that received a job would have taken half of that and split it with someone. That would have made 4 million jobs. Or even 1/4 of it for a total of 8 million jobs.
What a waste of money. The Chinese are laughing thier asses off at all of the money they are going to make off of that deal.

[RoBoTeq]

How much went overseas and to political hacks? 50%? 20%? How much was the stimulus in relation to the size of the economy? Where would the economy been without it?

Would companies have created more jobs if taxes were reduced (just assuming those were the reigns you were talking about) or would they have fattened up their bottom line and waited to see how the wind blew? Why would a company decide to bring jobs back from China when they left to make more profit there?

Most of the economic activity in the US was due to the housing bubble and the jobs were there to support it. Now that the housing market was found out to be a goose egg rather than a golden egg will companies go back to providing jobs in the housing sector or will they generate other jobs?

The tax cuts that the companies receive to kick start the economy would reduce the revenue the government collects, should the average joe pick up the companies share?

How do you get banks to start making healthy loans? Do you regulate who they should lend to?


Not saying things were done right by Obie, just that I do not have much faith in the people that got us in this mess in the first place (companies leaving town to make more money overseas and money men that made risky loans (and got rich) with money borrowed from overseas that then had to be covered by governments).
Believe it or not, our government has not actually kept track of the money well enough to know where much of it has actually wound up. You would think that with all of the special government watchdog jobs the president is creating that he would have someone be able to account for the billions of dollars that we borrowed.

[RoBoTeq]

My brother works for a company that designs and builds controls. They are in survival mode right now. It is not the availible money supply that is an issue right now, it is the fact that nobody is buying, without customers (consumers) a growth plan does not mean much.


So you give a $100 tax cut on $1000 on a tax bill of $200. So now you have a tax rate of 10% from 20% (just making up numbers for an example). To make up for the $100 you now need the company to make $2000. So a tax cut of $100 will cause the company to return a profit of $1000 to make up the tax cut lost.

Not sure if the economy can take off that high given a 50% tax cut.
This is why all of the money should have gone directly to every American directly. Those who owe money should have had those debts paid off before any stimulus money went directly to them.

If this were done, all of the banks and retailers would have been repaid enough to bolster their ability to survive in business, the American citizens would have reduced debt and more spending power and the economic wheels would have been greased rather then the palms of political supporters.