Obama promises more than 600,000 stim...

Obama promises more than 600,000 stimulus jobs

There are 109483 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

#118455 Jan 31, 2013
"We believe in absolutely gun-free, zero-tolerance, totally safe schools. That means no guns in America's schools, period,"

"Such behavior in our schools should be prosecuted just as certainly as such behavior in our airports is prosecuted,"

-Wayne LaPierre
May 1st, 1999, at the NRA's national convention in Denver
joe

San Anselmo, CA

#118456 Jan 31, 2013
People have been led to believe that Social Security faces a crisis in funding. When you tell people some proposals for fixing it, they a) overwhelmingly choose to fund it more generously and b) decide that the program actually does not face any sort of crisis at all.

A marketing firm hired by the National Academy of Social Insurance surveyed a random sampling of Americans and discovered that what people want is to raise taxes on rich (and regular!) people in order to fund more Social Security benefits, which is a good idea because the program is currently pretty stingy by international standards and Americans don’t actually have pensions anymore.

Since: Nov 08

Provo, UT

#118457 Feb 1, 2013
Wait a minute. The unemployment rate went UP. How did that happen? Gotta be that George Bush guy...
Teddy R

San Francisco, CA

#118458 Feb 1, 2013
Pittakos wrote:
Wait a minute. The unemployment rate went UP. How did that happen? Gotta be that George Bush guy...
It's easy when BLS is so talented at doctoring the numbers.

Last month was revised higher, from 155K to 196K.

And November was revised even higher, from 161K to 247K!

Those are some seriously impressive ... uh ... "revisions."

http://www.businessinsider.com/the-january-jo...

Meanwhile, the labor force continued to SHRINK, bleeding another 169,000 American workers, bringing the total up to 8,500,000 American workers wished into the cornfield by the Obama administration.

http://newsbusters.org/blogs/noel-sheppard/20...
joe

San Anselmo, CA

#118459 Feb 1, 2013
2.17 million jobs were created last year, the best annual total since 2005, better than seven of the eight years Bush/Cheney were in office.
Teddy R

Reston, VA

#118460 Feb 2, 2013
joe wrote:
2.17 million jobs were created last year, the best annual total since 2005, better than seven of the eight years Bush/Cheney were in office.
Offset by 1.1 million dropping out of the labor force over the same period.

Net result?

WORST.

JOBS.

POTUS.

SINCE.

CARTER.
Obskeptic

Waterford, MI

#118461 Feb 2, 2013
joe wrote:
People have been led to believe that Social Security faces a crisis in funding. When you tell people some proposals for fixing it, they a) overwhelmingly choose to fund it more generously and b) decide that the program actually does not face any sort of crisis at all.
A marketing firm hired by the National Academy of Social Insurance surveyed a random sampling of Americans and discovered that what people want is to raise taxes on rich (and regular!) people in order to fund more Social Security benefits, which is a good idea because the program is currently pretty stingy by international standards and Americans don’t actually have pensions anymore.
If you want more of something subsidize it, and if you want less of something, tax the hell out of it. Obviously you want far fewer people of wealth, so we can move towards us all being equally desperate and poor. Why would you want that Joe? Maybe you should first examine your own character of selfishness, greed, and jealousy before you decide your entitled to decide for others what they are entitled to?
joe

San Anselmo, CA

#118463 Feb 2, 2013
Three years ago, a terrible thing happened to economic policy, both here and in Europe.

Although the worst of the financial crisis was over, economies on both sides of the Atlantic remained deeply depressed, with very high unemployment.

Yet the Western world’s policy elite somehow decided en masse that unemployment was no longer a crucial concern, and that reducing budget deficits should be the overriding priority.
Teddy R

Reston, VA

#118464 Feb 2, 2013
joe wrote:
Three years ago, a terrible thing happened to economic policy, both here and in Europe.
Although the worst of the financial crisis was over, economies on both sides of the Atlantic remained deeply depressed, with very high unemployment.
Yet the Western world’s policy elite somehow decided en masse that unemployment was no longer a crucial concern, and that reducing budget deficits should be the overriding priority.
That's an entertaining fairy tale, joe.

Unfortunately, in the real world, what the data shows is that the Western world’s policy elite really decided en masse that getting re-elected was the crucial concern, and that INCREASING budget deficits was the overriding priority - as the data shows that's in fact what these clowns have actually done - to the tune of $1 TRILLION added to the debt every year, with no sign of real deficit reduction anywhere in our future.

Which is why these incompetent and irresponsible spendthrifts must be run out of power ASAP, and replaced with responsible people who will immediately slash federal government SPENDING (which is the real & ONLY problem - fcuk the "deficit" red herring) back to its historically sustainable rate of 18% or less of GDP.

Slash SPENDING, and the deficit fixes itself.

Very simple.
joe

San Anselmo, CA

#118465 Feb 2, 2013
Deficits reduce themselves when economy picks up and employment rises and people have money to spend on products and services.

Nothing grows unless you water it.
joe

San Anselmo, CA

#118466 Feb 2, 2013
Show us where "slashing federal spending" has turned around an economy. Anywhere, anytime, ever.

Thanks a bunch.
joe

San Anselmo, CA

#118467 Feb 2, 2013
Under Obama there have been 2 embassy attacks and 4 deaths. Under Bush there were 11 embassy attacks and 52 deaths.
nac

Massapequa, NY

#118468 Feb 2, 2013
joe wrote:
Show us where "slashing federal spending" has turned around an economy. Anywhere, anytime, ever.
Thanks a bunch.
Show me where spending and printing a Debt Currency (not that you know what that means) has "turned around a currency around."

Enjoy the bread line you will soon be on... if you're lucky.
nac

Massapequa, NY

#118469 Feb 2, 2013
joe wrote:
Under Obama there have been 2 embassy attacks and 4 deaths. Under Bush there were 11 embassy attacks and 52 deaths.
Sure... if you're willing to ignore six attacks

http://www.thegatewaypundit.com/2013/02/us-em...
Do something4your country

Italy

#118470 Feb 2, 2013
Hey! I see you are all talking about politics, but have you tried to do something for your country? I am taking part to a worldwide political-strategical simulation with thousands people from all around the world, and I see politics aren't that easy you seem to say.

It's not a waste of time to give it a chance.
http://www.erepublik.com/en/referrer/Fanaxidi...
joe

San Anselmo, CA

#118471 Feb 3, 2013
nac wrote:
<quoted text>
Show me where spending and printing a Debt Currency (not that you know what that means) has "turned around a currency around."
Enjoy the bread line you will soon be on... if you're lucky.
Meaning...

You can't show any instance where cutting federal spending has turned around an economy. Anywhere, anytime, ever.

Thanks a bunch. Again.
joe

San Anselmo, CA

#118472 Feb 3, 2013
"Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold and not clothed."

-Dwight D. Eisenhower
joe

San Anselmo, CA

#118473 Feb 3, 2013
Nobel Prize-winning economist Joseph Stiglitz on Sunday said the United States would continue to recover from the economic collapse at a snail’s pace unless the middle-class was strengthened.

During an appearance on MSNBC, he argued that economic inequality was weakening the economy because it resulted in a lack of demand for goods and services.

“What sustains the American economy is consumption, and the people at the top spend on consumption a smaller fraction than those at the bottom,” Stiglitz explained.“In fact, those at the bottom have to — to get by — spend about basically 100 percent. So when you move money from the bottom and the middle to the top, overall spending gets constrained, and that weakens the economy.”

Stiglitz noted that middle-class wages and incomes had only increased modestly, while 93 percent of income gains in 2010 went to the wealthiest 1 percent of Americans.
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

San Francisco, CA

#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.

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