Online Now 3070

Wells Hall Off Topic Board

This is your pulpit to preach to the masses about everything from politics to religion

On this Board 208
Record: 3425 (1/27/2013)

Online now 2950
Record: 10351 (3/11/2012)

Boards ▾

MSU Red Cedar Message Board

The largest and most active MSU Spartans board on the web

The Press Box

The place to ask questions to SpartanTailgate's recruiting experts

Duffy Daugherty Forum

"The Duff" is dedicated to Michigan State football recruiting discussion

Jack Breslin Forum

"The Bres" is dedicated to Michigan State basketball recruiting discussion

Wells Hall Off Topic Board

This is your pulpit to preach to the masses about everything from politics to religion

Marketplace & Ticket Exchange

The place to buy, trade or sell Michigan State tickets

Fantasy Sports Forum

For fantasy football and other fantasy sports discussion

Test/Feedback Forum

Reply

Obama's stimulus: A Documented Failure

  • "At the time, according to the Bureau of Labor Statistics, the national seasonally adjusted unemployment rate was 7.8 percent. In their analysis, Romer and Bernstein said that if Congress approved Obama's plan, unemployment would not rise above 8.0 percent -- and they published a chart predicting it would drop below 6.0 percent sometime in 2012"

    "In February, the Congressional Budget Office published its latest report on the "estimated impact" of the stimulus. Although it had originally estimated the stimulus would cost $787 billion, CBO now says it will cost $831 billion.

    In the second quarter of 2012, CBO estimates, somewhere between 200,000 to 1.2 million people have jobs they otherwise would not have were it not for the stimulus. Assuming, optimistically, that the number is 1.2 million, that means each of those jobs cost taxpayers $692,500."

    almost 3 quarter of a million dollars PER job???? And people are gonna actually vote for this clown AGAIN??

    Obama's Stimulus: A Documented Failure - Terry Jeffrey - Townhall Conservative Columnists - Page 1

    What does President Barack Obama know about the economy and what the government can and cannot do to create jobs? - Page 1

    townhall.com

    fallenangle

  • The predictions were based upon the economy shrinking at -4% in the last quarter of 2008, it actually shrunk at -9% so the predictions went out the window.

    The stimulus should have been much larger, but almost every credible economist says it helped quite a bit.

    Johnny2x2x

  • Nothing can fail like the fallenangel schtick

    GRR Spartan

  • In all fairness to barry, the last few years have been pretty good financially for us. Then again before Barry, we were in school.

    MSUx2

  • The point about the 8% unemployment level was debunked a long time ago. Further, it's my understanding that spending cuts and job losses at the state level did a lot to minimize the positive impact of the stimulus. And then the other point is that economists like Krugman said that the stimulus would fail if it weren't several times larger than what it was and that Righties would hail it as an example of government failure. He was excactly right.

    HillSpartan

  • Johnny2x2x said...

    The predictions were based upon the economy shrinking at -4% in the last quarter of 2008, it actually shrunk at -9% so the predictions went out the window.

    The stimulus should have been much larger, but almost every credible economist says it helped quite a bit.

    lol

    "The RCMB on 247 is one of the most awful, alarming, inappropriate, disgusting, and offensive msg boards in the history of the internet."

    JoeSpartyFan

  • JoeSpartyFan said...

    lol

    Nothing is more sorry than the uniformed thinking they know everything.

    Hows that austerity working out in Europe?

    Can you say double dip fingergun

    GRR Spartan

  • HillSpartan said...

    The point about the 8% unemployment level was debunked a long time ago. Further, it's my understanding that spending cuts and job losses at the state level did a lot to minimize the positive impact of the stimulus. And then the other point is that economists like Krugman said that the stimulus would fail if it weren't several times larger than what it was and that Righties would hail it as an example of government failure. He was excactly right.

    So what we did failed, because we just didn't do it bigger. That sums up the liberal philosophy to a tee, the excuse for failure is always that we didn't spend enough....the war on poverty, public education, etc....would have worked if we just spent more.

    Egotism is the anesthetic that dulls the pain of stupidity. - Frank Leahy.-- If you're going to be stupid, be smart about it. - Mike Milbury

    Bullwrinkle

  • Bullwrinkle said...

    So what we did failed, because we just didn't do it bigger. That sums up the liberal philosophy to a tee, the excuse for failure is always that we didn't spend enough....the war on poverty, public education, etc....would have worked if we just spent more.

    Paul Krugman told people from the beginning that it would fail to have the intended effect because it wasn't nearly large enough. I have told you this before, so why you don't acknowledge it is a mystery.

    HillSpartan

  • HillSpartan said...

    Paul Krugman told people from the beginning that it would fail to have the intended effect because it wasn't nearly large enough. I have told you this before, so why you don't acknowledge it is a mystery.

    Well if Krugman says so, it must be true. roflmao

    Egotism is the anesthetic that dulls the pain of stupidity. - Frank Leahy.-- If you're going to be stupid, be smart about it. - Mike Milbury

    Bullwrinkle

  • Yes, people are going to vote for him again, unfortunately.

    spartanMF

  • spartanMF said...

    Yes, people are going to vote for him again, unfortunately.

    Why is it unfortunate.

    Are you so sure that you and possibly others who think like you do regarding politics think you are somehow intellectually superior to those who will vote for Obama?

    GRR Spartan

  • GRR Spartan said...

    Why is it unfortunate.

    Are you so sure that you and possibly others who think like you do regarding politics think you are somehow intellectually superior to those who will vote for Obama?

    It is unfortunate because we have seen the results of his first 3.5 years. He and the libs have the much of the country thinking Obama has very little responsibility for the poor economy. Regardless of the economy, he will get most of the young voters (scary, considering the results lars posted recently regarding college grads), and minorities.

    Whats good for liberals is bad for America.

    spartanMF

  • Even by Obama's measure of success the stimulus fail. So obama says we saved or creating 3 million jobs...whic works out to $266,000 per job. We could have given people checks and done better.

    lars

  • spartanMF said...

    It is unfortunate because we have seen the results of his first 3.5 years. He and the libs have the much of the country thinking Obama has very little responsibility for the poor economy. Regardless of the economy, he will get most of the young voters (scary, considering the results lars posted recently regarding college grads), and minorities.

    Whats good for liberals is bad for America.

    You never have an original thought.

    Do you like your healthcare?
    Do you like your paid vacations and sick days?
    Do you like your safe working environment?
    Do you like the fact you have the option attending public universities?
    Do you like FDIC insurance?
    Do you like regulations for your retirement accounts?

    You wouldn't have any of those things without "liberals" fighting the assholes you worship and think have all the answers.

    GRR Spartan

  • lars said...

    Even by Obama's measure of success the stimulus fail. So obama says we saved or creating 3 million jobs...whic works out to $266,000 per job. We could have given people checks and done better.

    No lars

    You would have sat on the sidlines just like you have since Obama was elected. Waiting him out.

    We were promised that we would see budget surpluses by 2010 and yet based on the path of the deficit even before the relatively small stimulus were we tracking to a budget surplus lars? Did the 800-900billion on the stimulus sidetrack that big surplus Bush2 and all you tax cut fans predicted?

    Hell no. But we should believe your shit now?

    This post was edited by GRR Spartan on 5/9/2012 at 9:37 PM

    GRR Spartan

  • HillSpartan said...

    Paul Krugman told people from the beginning that it would fail to have the intended effect because it wasn't nearly large enough.

    This is ridiculous. All a bigger stimulus would have done is kick the can a little further down the road. I'm sure Obama hoped it would be a stopgap until some bullshit boom happened. He sure as hell isn't allowed to confront the real issue because the corporate overlords that run both parties won't let him. The American economy is fundamentally broken mainly because of "free" trade agreements that outsourced millions of jobs.

    We were warned.

    Play

    Giant Sucking Sound - Ross Perot 1992 Pres...

    Ross was right. http://whatreallyhappened.com/ http://www.infowars.com/ http://www.rense.com/

    http://www.youtube.com/v/Rkgx1C_S6ls
    signature image

    I am gravely disappointed. Again you have made me unleash my dogs of war.

    GhettoHeisman

  • GRR Spartan said...

    Nothing is more sorry than the uniformed thinking they know everything.

    Hows that austerity working out in Europe?

    Can you say double dip fingergun

    This may be the first correct statement you've made on here -- and it only took a mere 15k posts. Bravo.

    "The RCMB on 247 is one of the most awful, alarming, inappropriate, disgusting, and offensive msg boards in the history of the internet."

    JoeSpartyFan

  • GRR Spartan said...

    You never have an original thought.

    Do you like your healthcare? Do you like your paid vacations and sick days? Do you like your safe working environment? Do you like the fact you have the option attending public universities? Do you like FDIC insurance? Do you like regulations for your retirement accounts?

    You wouldn't have any of those things without "liberals" fighting the assholes you worship and think have all the answers.

    There was a time when all this was necessary.

    Now is the time to fix the economy.

    spartanMF

  • spartanMF said...

    There was a time when all this was necessary.

    Now is the time to fix the economy.

    So why don't the conservatives get off the social issues and actually do something about it if it's so damn important to them?

    Madhatter536

  • Bullwrinkle said...

    Well if Krugman says so, it must be true. roflmao

    Brilliant retort. You really destroyed me with that laughing emoticon. If you were interested in a serious discussion (and you never have been), you would begin by acknowledging that the stimulus the WH was the best that they could get, not the one they wanted (if you actually listened to the advisers mentioned in the original piece, they've said multiple times that they believed they could get a second stimulus later). Anyone is free to disagree with the plan, but please don't be dense and pretend like the WH was satisfied with the size of the stimulus. Giving a sick person 1/3 of the drugs he needs to get well isn't going to help him completely heal and people didn't believe that this would do the trick, either.

    HillSpartan

  • trollwrinkle doesn't really know very much. You can tell by the content of his posts.

    Really sort of a shame someone so void of cogent thought has some relationship with MSU.

    Insults and laughing emoticons along with faux concerns about dictators

    GRR Spartan

  • GhettoHeisman said...

    This is ridiculous. All a bigger stimulus would have done is kick the can a little further down the road. I'm sure Obama hoped it would be a stopgap until some bullshit boom happened. He sure as hell isn't allowed to confront the real issue because the corporate overlords that run both parties won't let him. The American economy is fundamentally broken mainly because of "free" trade agreements that outsourced millions of jobs.

    We were warned.

    I agree with you completely.

    Everyone laughed at him for that in 1992, yet it's played out almost exactly as he said it would.

    Does anyone still actually believe those millions of jobs don't matter? Additionally, does anyone seriously believe companies would have shifted all those jobs without those free trade agreements in place?

    MSULordyoda

  • Nitro Biscuits said...

    Recycled arguments.

    How do you know the stimulus didn't save us from significantly more job loss and credit pain?

    Because it didn't meet one prediction could also mean it just wasn't big enough of a stimulus or and they underestimated the financial crisis. We'll never know for sure.

    I'm guessing you didn't read the article. If it wasn't big enough then that's a failure in itself. And it wasn't one prediction that wasn't met. We were told unemployment would drop below 6% with this spending, and never go above 8%. Both turned out to be wrong. The other thing to keep in mind is that disability payments have increased almost 25% since the Dem's took control of both chambers. If you bring that to average levels then you have an unemployment rate of over 9% today

    fallenangle

  • Why do people keep repeating the lie about the stimulus promising to hold unemployment to 8%...when it was passed that was not promised...that was a number from an early study that was not used as any kind of promise or target and yet people keep trying to use it as a benchmark.

    Lurking on tRCMB since 1996

    TrapperGus