Obama stimulus plan halted economic freefall, White House

President Barack Obama's $787 billion stimulus prevented another Great Depression while creating or preserving 2 million jobs, according to a White House report to be released on Wednesday.

[failure obama]

obama's recession is still in a slump. The highest number of unemployed in American history, the biggest national debt in American history, the highest number of Americans in poverty in history.
obama is a huge failure and he's delusional over his imagined accomplishments.

[JRobert]

More Obama bullshit.

The primary "stimulation" that came from the Obama Political Slush Fund was its bolstering government jobs.

[Johanson]

Thomas Hoenig, the Kansas City Fed Chief, says hyperinflation is coming if we don't get this deficit spending under control. Spending which has skyrocketed under the current administration.

So, even if the numbers shown in this report are accurate, which is highly doubtful, all it did was delay the pain. Here is a link to the full report. http://www.kc.frb.org/speechbio/hoenigpdf/Was...

[jimmy the geek]

after LYING to America for over a year now - presidunce odumba wants us to believe his TRILLION dollar stimulus preserved 2 mil jobs!

this moron-in-thief created sh*t with his scam!

odumba promised unemployment wouldn't go above 8%- obama LIED!!!

America is hurting and this cowardly liberal POS has the gall to ask for more TAXES, borrow more money from china, and wants a stimulus 2!

America don't believe this liar anymore!

obama LIED AMERICANS DIED
obama IS CORRUPT AMERICA IS BANKRUPT

[jimmy the geek]

odumba made a bad situation worse - he is spending the United States into a DEPRESSION!!!

$15,800,000,000,000 DEBT AND COUNTING! NICE PRESENT TO GIVE TO OUR KIDS, GRANDKIDS, GREATGRANDKIDS ...

odumba is the worst presidunce ever!

odumba is a lying sack 'o sh*t!

[Obamas NAVY Corpes men]

ACORN got their kickback money.Then congress cut them off of their funding.In a dark smokey backroom of deceit,they were found well within the law,and were reinstated to continue their ethical,moral,and legal operations.

[jimmy the geek]

obama wasted a whole year on his FAILED obamacare while he should have focused on jobs - what an idiot!

America was screaming for jobs and small business assistance - and obama ignored us!

[Lance Winslow]

jimmy the geek wrote:

obama wasted a whole year on his FAILED obamacare while he should have focused on jobs - what an idiot!
America was screaming for jobs and small business assistance - and obama ignored us!

Was that the year of what Bush described as our "fundamentally sound economy".

[Johanson]

Under attack for its lax program to track the number of jobs created by the stimulus plan, the Obama administration eased the language for reporting jobs saved by the stimulus. "It's no longer about counting a job as saved or created; now it's a matter of counting jobs funded by the stimulus.

That means that any stimulus money used to cover payroll will be included in the jobs credited to the program, including pay raises for existing employees and pay for people who never were in jeopardy of losing their positions."

http://townhall.com/news/business/2010/01/12/...

With a few more definition changes, President Obama will be able to declare that we are at full employment and the GDP is growing at 10% per year!

[Mr_Bill]

failure obama wrote:

obama's recession is still in a slump. The highest number of unemployed in American history, the biggest national debt in American history, the highest number of Americans in poverty in history.
obama is a huge failure and he's delusional over his imagined accomplishments.

Your BIG LIE is just lies.

Bush caused the great recession. "Trickle Down" works worse now than when Reagan ran up his giant debts n the '80's.

Bush's Borrow and Spend with tax cuts for the wealthy, and class warfare against middle income was a disaster, and the reason for his recession, which was in reality, Bush's Great Depression.

[Mr_Bill]

Johanson wrote:

Under attack for its lax program to track the number of jobs created by the stimulus plan, the Obama administration eased the language for reporting jobs saved by the stimulus. "It's no longer about counting a job as saved or created; now it's a matter of counting jobs funded by the stimulus.
That means that any stimulus money used to cover payroll will be included in the jobs credited to the program, including pay raises for existing employees and pay for people who never were in jeopardy of losing their positions."
http://townhall.com/news/business/2010/01/12/...
With a few more definition changes, President Obama will be able to declare that we are at full employment and the GDP is growing at 10% per year!

Obama halted Bush's economic nosedive.

You just can't admit that to yourself, but it is true nonetheless.

[progressive]

Obamas NAVY Corpes men wrote:

ACORN got their kickback money.Then congress cut them off of their funding.In a dark smokey backroom of deceit,they were found well within the law,and were reinstated to continue their ethical,moral,and legal operations.

No, one judge in a non-smoky courtroom ruled that the cut-off could not be retroactive, and break exising contracts. Sort of like the big cEO's at the big financial isntitutions - the ones who caused the financial mess - who had contracts to get bonuses - contracts that could not be broken, we are told, It is fairly typical not to make new decisions and policies retroactive.

[Johanson]

Mr_Bill wrote:

<quoted text>
Obama halted Bush's economic nosedive.
You just can't admit that to yourself, but it is true nonetheless.

You didn't even read anything I wrote or the links I provided, did you! What part of either of my posts do you dispute?

[progressive]

Mr_Bill wrote:

<quoted text>
Obama halted Bush's economic nosedive.
You just can't admit that to yourself, but it is true nonetheless.

Bush? who was Bush?- the world began, badly, January 2009, according to the right-wing. Or maybe it is intermittant, including Carter and Clinton, but not Nixon and Reagan. There was no September of 2008, no crisis, no Paulson and Bernacke. All began with Reid and Pelosi, or was inherited from Carter or clinton. Republicans are not responsible for anything.

[progressive]

Greenspan and Gramm don't exist either. blame it on Bernacke and call him Obama's appointee. Not a holdover from the previous administration, who helped save the world from the mess that was developing that September, when Paulson tried to coerce Congress into giving him unlimited powers over the economy.

[A Nnoyed]

TARP stopped the meltdown. And almost all the money the banks took has been paid back with interest.

Cash for clunkers kept a good few car dealerships around for at least another 6 months.

That's about it really.

The only thing stimulus spending has been linked with is bankrolling local government so they didn't have to fire people they can't pay now. Next year, they'll need another check or those people get canned anyway.

[Lance Winslow]

A Nnoyed wrote:

TARP stopped the meltdown. And almost all the money the banks took has been paid back with interest.
Cash for clunkers kept a good few car dealerships around for at least another 6 months.
That's about it really.
The only thing stimulus spending has been linked with is bankrolling local government so they didn't have to fire people they can't pay now. Next year, they'll need another check or those people get canned anyway.

TARP money went overseas to undisclosed recipients, never to return.

[A Nnoyed]

Lance Winslow wrote:

<quoted text>TARP money went overseas to undisclosed recipients, never to return.

The auto Unions and Fannie Mae went overseas?

Quick get 'em before the trail goes cold.

[mountaingal]

failure obama wrote:

obama's recession is still in a slump. The highest number of unemployed in American history.

Not even close, plus the unemployment rate was higher under Ronald
Reagan.

failure obama wrote:

obama's recession is still in a slump.

Wrong. The recession began in 2007; it's Bush's recession.

failure obama wrote:

the biggest national debt in American history

Wrong again. In 1940, the national debt was 130% of GDP; it is 69% of GDP currently.

failure obama wrote:

....the highest number of Americans in poverty in history.

Wrong again, bubba. Ever heard of the Great Depression?

failure obama wrote:

obama is a huge failure and he's delusional over his imagined accomplishments.

"Among Democrats in the White House and Congress,“there was a considerable amount of hand-wringing that it was too small, and I sympathized with that argument,” said Mark Zandi, chief economist of Moody’s Economy.com and adviser to John McCain.

Even so,“the stimulus is doing what it was supposed to do — it is contributing to ending the recession,” he added, citing the economy’s third-quarter expansion by a 3.5 percent seasonally adjusted annual rate.“In my view, without the stimulus, G.D.P. would still be negative and unemployment would be firmly over 11 percent. And there are a little over 1.1 million more jobs out there as of October than would have been out there without the stimulus.”

http://www.nytimes.com/2009/11/21/business/ec...

Even conservative economists agree the stimulus bill keep the economy from crash landing.

[A Nnoyed]

mountaingal wrote:

<quoted text>

http://www.nytimes.com/2009/11/21/business/ec...
Even conservative economists agree the stimulus bill keep the economy from crash landing.

not really.

on a non-partisan note, it didn't do any short term harm and by effectively paying the salaries of to be fired public sector workers, more money is in the economy. And that does help some.

Where any agreement goes out the window is was the cash injected into the right places to stimulate growth at least proportional to cost. On that front a conservative economist saying 'we can't be certain' that slowing or halting the money would have an impact is the closest you'll get to agreement.

"Why not just in case" isn't agreement.