Obama promises more than 600,000 stimulus jobs

There are 20 comments on the Newsday story from Jun 8, 2009, titled Obama promises more than 600,000 stimulus jobs. In it, Newsday reports that:

President Barack Obama promised Monday to deliver more than 600,000 jobs through his $787 billion stimulus plan this summer, with federal agencies pumping billions into public works projects, schools and summer youth programs.

Join the discussion below, or Read more at Newsday.

joe

San Anselmo, CA

#118474 Feb 4, 2013
Social Security is fully solvent until 2037 and is not in crisis. But one way to make sure there are no cutbacks in benefit cuts after that is to lift the payroll tax cap so wealthy Americans contribute more into the system.

A new survey from the National Academy of Social Insurance finds that most Americans want to do just that. When survey respondents were asked how they felt about the statement “It is critical to preserve Social Security even if it means increasing Social Security taxes paid by wealthy Americans,” 87 percent of them agreed, with 62 percent of them strongly agreeing.

It’s worth noting that this number includes even 71 percent of self-identified Republicans (and 86 percent of self-identified independents).
Teddy R

Houston, TX

#118475 Feb 4, 2013
joe wrote:
Show us where "slashing federal spending" has turned around an economy. Anywhere, anytime, ever.
Thanks a bunch.
Your willful ignorance is most impressive.

Example? You need look no farther than the US post-1945. Largest cut in us FEDERAL Government spending (a.k.a. CONSUMPTION) in history (from 48% to 15% of GDP), resulting in the largest expansion of economic productivity and wealth in human history.

http://www.usgovernmentspending.com/federal_s...

Study up:

http://www.heritage.org/research/reports/2005...

You've got a lot to learn - if you can overcome your anti-globalist neo-Luddite progressive lefty wealth-redistributionist class warrior ideological mind-lock.

When you're spending <18% of GDP on Government (= essentially all forced CONSUMPTION), no problem.

When you're spending 40%, as we are today in the US - you're diverting scarce wealth into forced consumption that would otherwise be available to fund investment and economic growth. You're eating your economy's seed corn, in simple terms.

The US is limping along at an anemic 0-2% p.a. GDP growth for one main reason - THE FEDERAL GOVERNMENT IS SPENDING TOO MUCH. Adding to this is the fact that these incompetent crooks are funding this Potemkin Economy Party with fake money - forcing the nation to mainline fiscal heroin - and their Wall Street banker buddies are the Drug Lords who are profiting by it.

When the Fed's "free" dope supply is cut off, it's going to be Panic in Needle Park for America's middle class - it will be ugly.

Just remember who got us hooked - Barry Blow. He'll be laughing on the beach in Hawaii.
Corruption Pays

Temple, TX

#118476 Feb 4, 2013
OIL - You better be sitting down when you read this!
As you may know, Cruz Construction started a division in North Dakota just 6 months ago.
They send every Kenworth (9 trucks) we had here in Alaska to North Dakota and several drivers.
They just bought two new Kenworth's to add to that fleet; one being a Tri Drive tractor and a new 65 ton lowboy to go with it.
They also bought two new cranes (one crawler & one rubber tired) for that division.
Dave Cruz said they have moved more rigs in the last 6 months in ND than Cruz Construction moved in Alaska in the last 6 years.
Williston is like a gold rush town; they moved one of our 40 man camps down there since there are no rooms available.
Unemployment in ND is the lowest in the nation at 3.4 percent last I checked.
See anything in the national news about how the oil industry is fueling North Dakota 's economy?
Here's an astonishing read. Important and verifiable information:
About 6 months ago, the writer was watching a news program on oil and one of the Forbes Bros. was the guest.
The host said to Forbes, "I am going to ask you a direct question and I would like a direct answer;
how much oil does the U.S. have in the ground?" Forbes did not miss a beat, he said, "more than all the Middle East put together."
The U. S.. Geological Service issued a report in April 2008 that only scientists and oil men knew was coming, but man was it big.
It was a revised report (hadn't been updated since 1995) on how much oil was in this area of the western 2/3 of North Dakota , western South Dakota , and extreme eastern Montana .
Check THIS out:
The Bakken is the largest domestic oil discovery since Alaska 's Prudhoe Bay , and has the potential to eliminate all American dependence on foreign oil. The Energy Information Administration (EIA) estimates it at 503 billion barrels. Even if just 10% of the oil is recoverable( 5 billion barrels), at $107 a barrel, we're looking at a resource base worth more than $5.3 trillion.
"When I first briefed legislators on this, you could practically see their jaws hit the floor.
They had no idea.." says Terry Johnson, the Montana Legislature's financial analyst.
"This sizable find is now the highest-producing onshore oil field found in the past 56 years," reports The Pittsburgh Post Gazette .
It's a formation known as the Williston Basin , but is more commonly referred to as the 'Bakken.'
It stretches from Northern Montana, through North Dakota and into Canada .
For years, U. S. oil exploration has been considered a dead end.
Even the 'Big Oil' companies gave up searching for major oil wells decades ago.
However, a recent technological breakthrough has opened up the Bakken's massive reserves, and we now have access of up to 500 billion barrels. And because this is light, sweet oil, those billions of barrels will cost Americans just $16 PER BARREL !!!!!!
That's enough crude to fully fuel the American economy for 2041 years straight.
A
Corruption Pays

Temple, TX

#118477 Feb 4, 2013
And if THAT didn't throw you on the floor, then this next one should - because it's from 2006 !!!!!!
U.. S. Oil Discovery - Largest Reserve in the World
Stansberry Report Online - 4/20/2006
Hidden 1,000 feet beneath the surface of the Rocky Mountains lies the largest untapped oil reserve in the world.
It is more than 2 TRILLION barrels. On August 8, 2005 President Bush mandated its extraction.
In three and a half years of high oil prices none has been extracted.
With this motherload of oil why are we still fighting over off-shore drilling?
They reported this stunning news:
We have more oil inside our borders, than all the other proven reserves on earth.
Here are the official estimates:
8 times as much oil as Saudi Arabia
18 times as much oil as Iraq
21 times as much oil as Kuwait
22 times as much oil as Iran
500 times as much oil as Yemen …and it's all right here in the Western United States !!!!!!
HOW can this BE? HOW can we NOT BE extracting this? Because the environmentalists and others have blocked all efforts to help America become independent of foreign oil!
Again, we are letting a small group of people dictate our lives and our economy. WHY?
James Bartis, lead researcher with the study says we've got more oil in this very compact areathan the entire Middle East , more than 2 TRILLION barrels untapped. That's more than all the proven oil reserves of crude oil in the world today, reports The Denver Post .
Don't think 'OPEC' will drop its price even with this find? Think again! It's all about the competitive marketplace.
Think OPEC just might be funding the environmentalists?
Got your attention yet? Now, while you're thinking about it, do this:
Pass this along. If you don't take a little time to do this, then you should stifle yourself the next time you complain about gas prices, by doing NOTHING, you forfeit your right to complain.
Now I just wonder what would happen in this country if every one of you sent this to every one in your address book.
By the way, this can be verified. Check it out at the link below !!!!!!
http://www.usgs.gov/newsroom/article.asp... > ; < < http://www.usgs.gov/newsroom/article.asp... ; http://www.usgs.gov/newsroom/article.asp... ; >
Cruz Construction:
http://www.cruzconstruct.com/ ; < http://www.cruzconstruct.com/services..php> ;
joe

San Anselmo, CA

#118478 Feb 4, 2013
Your chutzpah is what's impressive. And you're ridiculous flacking for the Heritage/Koch/Crypto-Corporate League is even more enchanting.

And who do you think you're taking in with that post-1945 garbage? The country hadn't just been raped by Wall Street and the Republicans. We moved from a war economy to a peacetime economy and the expansion came from employed citizens with money and pent-up consumer demand, a G.I. Bill and Federal Government housing subsidies, you azs.

We don't really need you're right wing fascistic references to "study". We know what crap they dish out.

Oh, and btw, there is no lack of money available to invest in case you haven't noticed.

And again: What other country is prospering by cutting deficits? Name one, dick wad.
joe

San Anselmo, CA

#118479 Feb 4, 2013
The teen pregnancy rate in New York City dropped by 27 percent over the last decade, a statistic that city officials credit to teens’ expanded access to contraception.
joe

San Anselmo, CA

#118480 Feb 4, 2013
More news for you:

The world’s top 100 billionaires now hold so much wealth, says a new Oxfam report, that just the increase in their net worth last year would be “enough to make extreme poverty history four times over.”
Teddy R

Houston, TX

#118482 Feb 5, 2013
joe wrote:
Your chutzpah is what's impressive. And you're ridiculous flacking for the Heritage/Koch/Crypto-Corporate League is even more enchanting.
Oooh. The rage of the angry leftist tool. When confronted with inconvenient facts, rage, bluster, ridicule, and fling ad homs.

We understand.
joe wrote:
And who do you think you're taking in with that post-1945 garbage? The country hadn't just been raped by Wall Street and the Republicans.

Naw - just raped by Hitler, Tojo, and Mussolini.

Your point? Oh, that's right - you have none - except angry leftist class warrior partisan spew.

Government-forced spending (consumption) is Government-forced spending, whether it's on guns, beans, or butter. It is ALWAYS sub-optimal in economic terms.

[QUOTE who="joe"]We moved from a war economy to a peacetime economy and the expansion came from employed citizens with money and pent-up consumer demand, a G.I. Bill and Federal Government housing subsidies, you azs.
That's your ideologically-biased spin.

I guess we disagree.

I just have a small question for you, joe: where do you think all the capital to fund those payrolls, build & convert factories to production of consumer goods, pay for those expanded inventories, and fund the PRINCIPAL for those gov't-subsidized home loans came from? The Magic Money Tree in which the progressive left seems so fervently to believe?
joe wrote:
We don't really need you're right wing fascistic references to "study". We know what crap they dish out.
No, it's clear your partisan brain-freeze does not need anything that exposes the absurdities of the progressive leftist ideology.

So just keep chanting in your leftist class warrior echo chamber with the rest of your comrades.
joe wrote:
Oh, and btw, there is no lack of money available to invest in case you haven't noticed.
Really. And why is all that that money not being invested, joe? Please explain.
joe wrote:
And again: What other country is prospering by cutting deficits? Name one, dick wad.
"Dick wad?" Do you kiss your Mom with that mouth?

Sorry - I don't respond to snotty rhetorical questions from ill-mannered punks.

Apologize - and maybe we can continue our conversation.
Teddy R

Houston, TX

#118483 Feb 5, 2013
joe wrote:
More news for you:
The world’s top 100 billionaires now hold so much wealth, says a new Oxfam report, that just the increase in their net worth last year would be “enough to make extreme poverty history four times over.”
... for a year. Then you'll need to find another 100 billionaires to shake down to get you through the following year.

See - that's the fallacy of your little progressive wealth-redistributionist fantasy world, joe -

Pretty soon you run out of billionaires. Ask the former Soviet Republic how that works out in the long run ...
joe

San Anselmo, CA

#118484 Feb 6, 2013
Hey, Teddy-

Take your Randian twaddle and peddle it to your tea party comrades. Every financial debacle this country has had was caused by right wing sponsored concentration of wealth. And every great expansion has come with the break-up and and re-distribution of that wealth.

Just because you live in an alternate universe doesn't mean everyone does.

No apology, so don't bother answering. You promised.

“Fair & Balanced”

Since: Jul 12

wherever there's a mine

#118485 Feb 6, 2013
G'day Mate.

Ok I think all governments don't have the intelligence to tie their shoe laces but today I read your government spent $4 trillion in all stimulus packages since the GFC. Was the money well spent considering it equates to 22 million jobs on wages of $30k for 6 years.
joe

San Anselmo, CA

#118487 Feb 7, 2013
God said,“I need someone who doesn’t grow anything or make anything but who will borrow money from the public at 0% interest and then lend it back to the public at 2% or 5% or 10% and pay himself a bonus for doing so.”-- So God made a banker.
joe

San Anselmo, CA

#118488 Feb 7, 2013
Across the country, the economy is slowly but steadily improving. More companies are hiring, consumers are spending again, the stock market is tickling record highs and many Americans say they are feeling more optimistic about the future.

But Wisconsin stands somewhat apart from this trend, consistently and stubbornly lagging in job creation and finding itself near the bottom of many measures of economic health.

So what gives? Some observers point to Gov. Scott Walker and the Republican-controlled Legislature. They say the drastic spending cuts in the 2011-2013 state budget, just as the economy was beginning to recover from the recession, have actually made things worse.

“Wisconsin did absolutely the wrong thing at the wrong time,” says Kenneth Thomas, a political scientist at the University of Missouri-St. Louis and author of the popular Middle Class Political Economist blog.“You want to practice austerity when things are going well, not the other way around.”

Read more: http://host.madison.com/business/did-scott-wa...
joe

San Anselmo, CA

#118489 Feb 7, 2013
Bill Gates: ‘Absolutely Insane’ to Run a Business With a Short-Term Budget, As Congress Does
joe

San Anselmo, CA

#118490 Feb 7, 2013
Republicans have invented a history in which it has been fiscal irresponsibility all along — and far too many centrists have bought into the premise. The reality is that we had low debt and no fiscal problem before Reagan; then an unprecedented surge in peacetime, non-depression deficits under Reagan/Bush; then a major improvement under Clinton; then a squandering of the Clinton surplus via tax cuts and unfunded wars of choice under Bush. And yes, a surge in debt once the Great Recession hit, but that’s exactly when you should be running deficits.

The point about the fake history that expunges the Clinton years is that it turns the budget into a story in which nobody is at fault because everyone is at fault, and the problem is a generic issue of runaway spending. No, it isn’t; we would have come into this crisis with very little debt if the GOP hadn’t always insisted on tax cuts.

-Paul Krugman
Teddy R

Houston, TX

#118491 Feb 7, 2013
joe wrote:
God said,“I need someone who doesn’t grow anything or make anything but who will borrow money from the public at 0% interest and then lend it back to the public at 2% or 5% or 10% and pay himself a bonus for doing so.”-- So God made a banker.
Your blaming behavior is, as usual, woefully off-target.

You should be excoriating the POTUS and his Treasury Sec'y who are responsible for creating all that fake money on the back of un-born generat5ions of Americans in the first place, aiding and abetting the Fed handing that 0% money out to the banks in the first place.

Why are you so careful NOT to point the finger at the incompetent fools and crooks in Washington who are the root cause of this evil?
Teddy R

Houston, TX

#118492 Feb 7, 2013
joe wrote:
Bill Gates:‘Absolutely Insane’ to Run a Business With a Short-Term Budget, As Congress Does
He is, of course, absolutely correct.

But the true depth of the current Obama/Reid corruption and incompetence that is ruining the nation runs far deeper.

They've been mis-managing the public purse for 4 years thus far WITH NO BUDGET AT ALL!! In the private sector, they'd have been thown in jail for such fraud and malfeasance, the lot of 'em.

Let's start with demanding they get a BUDGET in place ON TIME for a change.

Then we can talk about how we can bludgeon the federal government into implementing a CAPITAL BUDGETI9NG process (which is what Gates is talking about)

But now? First things first - apply tourniquet; stop the fiscal arterial bleeding.
Floridum

Germany

#118493 Feb 8, 2013
I am still dancing in the rain...and.........
I can copy and paste bullshit for a week without thinking or working.
joe

San Anselmo, CA

#118495 Feb 12, 2013
For your edification:

Last year, economist Emmanuel Saez estimated that the richest 1 percent of the U.S. captured a whopping 93 percent of the income gains in 2010, as the U.S. was emerging from the Great Recession.

Saez is now back with updated numbers from 2011, and they make the picture look even grimmer:
From 2009 to 2011, average real income per family grew modestly by 1.7% But the gains were very uneven. Top 1% incomes grew by 11.2% while bottom 99% incomes shrunk by 0.4%. Hence, the top 1% captured 121% of the income gains in the first two years of the recovery.

From 2009 to 2010, top 1% grew fast and then stagnated from 2010 to 2011. Bottom 99% stagnated both from 2009 to 2010 and from 2010 to 2011.

How is it possible for the 1 percent to capture more than all of the nation’s income gains? The number is due to the fact that those at the bottom saw their incomes drop. As Timothy Noah explained in the New Republic,“the one percent didn’t just gobble up all of the recovery during 2010 and 2011; it put the 99 percent back into recession.”

Saez added that “In 2012, top 1% income will likely surge, due to booming stock-prices, as well as re-timing of income to avoid the higher 2013 top tax rates…This suggests that the Great Recession has only depressed top income shares temporarily and will not undo any of the dramatic increase in top income shares that has taken place since the 1970s.”
quzluz

Pittsburgh, PA

#118496 Feb 12, 2013
http://youtube.com/watch... ……
Goverment at Work,,?

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