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fallenangle
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Johnny2x2x ●
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GRR Spartan
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HillSpartan ●
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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.
"The RCMB on 247 is one of the most awful, alarming, inappropriate, disgusting, and offensive msg boards in the history of the internet."
JoeSpartyFan ●
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GRR Spartan
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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.
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
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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.
HillSpartan ●
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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.
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
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GRR Spartan
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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.
GRR Spartan
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GRR Spartan
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GhettoHeisman
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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
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JoeSpartyFan ●
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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.
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Madhatter536
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HillSpartan ●
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GRR Spartan
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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.
MSULordyoda
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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.
fallenangle
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TrapperGus
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Obama's stimulus: A Documented Failure