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View Full Version : Obama Stimulus Bill 1 year Anniversary Today


petegz28
02-17-2010, 08:03 AM
1 year since the Stimulus was passed.

Highlights:

1. The $787b cost was really $862b
2. Only 1/3 of the money has been spent
3. Obama Admin. claims 2 mil jobs were saved or created
4. Obama Admin. claims Stimulus is responsible for GDP growth




My focus in on #2. If we have only spent 1/3 of the money why are we already going for another "Jobs" bill???

blaise
02-17-2010, 08:13 AM
They're putting the other 2/3 on the Lakers to win the NBA title and trying to double it.

petegz28
02-17-2010, 08:23 AM
Only 1 State has seen a net job gain since the Stimulus, North Dakota.

BigChiefFan
02-17-2010, 08:24 AM
They bailed out the banks with tax dollars, that should tell you all you need to know. It's a sham.

BigRedChief
02-17-2010, 08:25 AM
Only 1 State has seen a net job gain since the Stimulus, North Dakota.Thanks to that damn socialist bank?:p

BigRedChief
02-17-2010, 08:27 AM
They bailed out the banks with tax dollars, that should tell you all you need to know. It's a sham.uhhh that was Bush, not Obama. He took office on Jan. 20th 2009. When did those bank bailouts backed by George W and a bi-partisan vote get passed by Congress?

Rooster
02-17-2010, 08:32 AM
They're putting the other 2/3 on the Lakers to win the NBA title and trying to double it.

Best idea to come out of Washington in decades. :LOL:

BigChiefFan
02-17-2010, 08:35 AM
uhhh that was Bush, not Obama. He took office on Jan. 20th 2009. When did those bank bailouts backed by George W and a bi-partisan vote get passed by Congress?

That's the point. They saw how that worked and then turned around and did the same damn thing. Two wrongs, don't make a right.

petegz28
02-17-2010, 08:42 AM
LMAO, Obama just said that a lot of State and Local Govs put off layoffs due to the Stimulus. But now they face layoffs because we haven't "re-upped" the relief help.

Does that not scream to the point that bailouts don't fix shit?

petegz28
02-17-2010, 08:50 AM
Now he just said the Recovery Act is on pace to create\save another 1.5 mil jobs this year.

And he just claimed he rescued the economy.


LMAO....you can't make this shit up.

petegz28
02-17-2010, 08:51 AM
Oh yea, he claims 1/3 of the Bill was tax cuts. So if they have only spent 1/3 of the money and a 1/3 of it is tax cuts...you do the math.

talastan
02-17-2010, 09:27 AM
They're putting the other 2/3 on the Lakers to win the NBA title and trying to double it.

Is it sad that I'd trust a bookie before I'd trust the federal government? ROFL :shake:

bkkcoh
02-17-2010, 09:44 AM
1 year since the Stimulus was passed.

Highlights:

1. The $787b cost was really $862b
2. Only 1/3 of the money has been spent
3. Obama Admin. claims 2 mil jobs were saved or created
4. Obama Admin. claims Stimulus is responsible for GDP growth




My focus in on #2. If we have only spent 1/3 of the money why are we already going for another "Jobs" bill???

Because that money is being used to help the democrats get re-elected and is already allocated.

Taco John
02-17-2010, 09:58 AM
Is it sad that I'd trust a bookie before I'd trust the federal government? ROFL :shake:

Not for you. You're actually going to see your money.

wild1
02-17-2010, 10:09 AM
Because that money is being used to help the democrats get re-elected and is already allocated.

Sad but true.

BigRedChief
02-17-2010, 11:03 AM
Just look at the outside evaluations of the stimulus. Perhaps the best-known economic research firms are IHS Global Insight, Macroeconomic Advisers and Moody’s (http://topics.nytimes.com/top/news/business/companies/moodys_corporation/index.html?inline=nyt-org) Economy.com (http://economy.com/). They all estimate that the bill has added 1.6 million to 1.8 million jobs so far and that its ultimate impact will be roughly 2.5 million jobs. The Congressional Budget Office (http://topics.nytimes.com/top/reference/timestopics/organizations/c/congressional_budget_office/index.html?inline=nyt-org), an independent agency, considers these estimates to be conservative.

petegz28
02-17-2010, 12:21 PM
Just look at the outside evaluations of the stimulus. Perhaps the best-known economic research firms are IHS Global Insight, Macroeconomic Advisers and Moody’s (http://topics.nytimes.com/top/news/business/companies/moodys_corporation/index.html?inline=nyt-org) Economy.com (http://economy.com/). They all estimate that the bill has added 1.6 million to 1.8 million jobs so far and that its ultimate impact will be roughly 2.5 million jobs. The Congressional Budget Office (http://topics.nytimes.com/top/reference/timestopics/organizations/c/congressional_budget_office/index.html?inline=nyt-org), an independent agency, considers these estimates to be conservative.

Yes, we know, if you got a raise it counts as a job created and\or saved.

BigChiefFan
02-17-2010, 12:59 PM
Using tax dollars to stimulate job growth, is corporate welfare and basically robbing Peter, to pay Paul.

HonestChieffan
02-17-2010, 01:17 PM
Celebrate the single greatest waste of money in the counties history. Obama's failure on this one is epic.

Direckshun
02-17-2010, 01:24 PM
1. The $787b cost was really $862b
2. Only 1/3 of the money has been spent

Explain this to me. And show your work.

BigRedChief
02-17-2010, 01:24 PM
Celebrate the single greatest waste of money in the counties history. Obama's failure on this one is epic.too early to render judgement and like 40% was tax cuts wasn't it?

Your early leader for the worst money spent is Bush's $1.1 trillion tax cuts for the wealthy and business's? That worked out real welll, created the worst recession since the great depression. Every penny of it borrowed from the Chinese and still not paid back.

Direckshun
02-17-2010, 01:24 PM
And he just claimed he rescued the economy.

you can't make this shit up.

Show your work here, too.

I'd love to see the sentence where Obama distinctly says "I saved the economy."

HonestChieffan
02-17-2010, 01:27 PM
too early to render judgement and like 40% was tax cuts wasn't it?

Your early leader for the worst money spent is Bush's $1.1 trillion tax cuts for the wealthy and business's? That worked out real welll, created the worst recession since the great depression.

a Tax cut created this?

Help me understand how a tax cut created the housing bubble. And created unemployment?

Direckshun
02-17-2010, 01:28 PM
a Tax cut created this?

Help me understand how a tax cut created the housing bubble. And created unemployment?

It honestly doesn't create shit. Tax cuts barely do anything for the GDP.

wild1
02-17-2010, 01:31 PM
Your early leader for the worst money spent is Bush's $1.1 trillion tax cuts for the wealthy and business's?

Can you defend any of these policies on their merits, without using the B-word?

BigRedChief
02-17-2010, 02:14 PM
a Tax cut created this?

Help me understand how a tax cut created the housing bubble. And created unemployment?I wasn't assigning blame, I was just posting/asking what the % of money in the stimulus was tax cuts.

BigRedChief
02-17-2010, 02:14 PM
Can you defend any of these policies on their merits, without using the B-word?Defend what policy?

HonestChieffan
02-17-2010, 02:23 PM
too early to render judgement and like 40% was tax cuts wasn't it?

Your early leader for the worst money spent is Bush's $1.1 trillion tax cuts for the wealthy and business's? That worked out real welll, created the worst recession since the great depression. Every penny of it borrowed from the Chinese and still not paid back.

Ypu clearly said the tax cuts created the recession. Thats absurd.

BigRedChief
02-17-2010, 02:25 PM
Ypu clearly said the tax cuts created the recession. Thats absurd.huh :eek: I don't think so. I think borrowing that $1 trillion and then doing nothing else for the economy is what created the recession. Borrowing another $1.1 trillion from the chinese to fund the medicare drug bill didn't help either. Bush and his economic followers were perfectly content with the bubble that everyone saw coming. They thought tax cuts would bring us out...they were wrong.

Brock
02-17-2010, 02:28 PM
huh :eek: I don't think so.

Bush's $1.1 trillion tax cuts for the wealthy and business's? That worked out real welll, created the worst recession since the great depression.

Uhhhh, maybe you should think about it some more.

wild1
02-17-2010, 02:31 PM
huh :eek: I don't think so. I think borrowing that $1 trillion and then doing nothing else for the economy is what created the recession. Borrowing another $1.1 trillion from the chinese to fund the medicare drug bill didn't help either. Bush and his economic followers were perfectly content with the bubble that everyone saw coming. They thought tax cuts would bring us out...they were wrong.

:rolleyes:

HonestChieffan
02-17-2010, 02:35 PM
i need to be more bushhate driven

Chief Henry
02-17-2010, 02:41 PM
I see the business owners of the chiefs planet are out in full force swallowing the "O" jiz.

I wonder what type of a business plan they would bring to a bank loan meeting ?

BigRedChief
02-17-2010, 02:48 PM
Uhhhh, maybe you should think about it some more.I was in a hurry, thats not what I meant. sorry for the confusion.

Direckshun
02-17-2010, 04:57 PM
Explain this to me. And show your work.

Show your work here, too.

I'd love to see the sentence where Obama distinctly says "I saved the economy."

Go Chiefs.

petegz28
02-17-2010, 05:18 PM
Show your work here, too.

I'd love to see the sentence where Obama distinctly says "I saved the economy."

Maybe you should pay attention? Actually his exact words from his speech this morning was "we rescued the economy..."

"Our work is far from over but we have rescued this economy from the worst of this crisis," he said.
http://www.reuters.com/article/idUSTRE61G38U20100217

BigRedChief
02-17-2010, 06:11 PM
Maybe you should pay attention? Actually his exact words from his speech this morning was "we rescued the economy..."


http://www.reuters.com/article/idUSTRE61G38U20100217
Before Obama took office we were told by the Republican administration that we are close to a depression. On the verge of a major depression. Right now, we have to act right now, not in a few months, no time to debate.

Fast forward one year....There is no longer talk of a looming depression. I think that qualifies as something positive.

petegz28
02-17-2010, 06:15 PM
Before Obama took office we were told by the Republican administration that we are close to a depression. On the verge of a major depression. Right now, we have to act right now, not in a few months, no time to debate.

Fast forward one year....There is no longer talk of a looming depression. I think that qualifies as something positive.

Wrong, you were told by Paulson and the Dems went along. And yes, there is still talk of a double-dip.

Saul Good
02-17-2010, 06:42 PM
Go Chiefs.

Thanks for quoting yourself so I could have two laughs at your expense instead of just one.

Direckshun
02-17-2010, 06:55 PM
Thanks for quoting yourself so I could have two laughs at your expense instead of just one.

By asking for pete to back up his bullshit. Yeah, that's hilarious.

I'm still waiting for Pete to show his work on the first pair of claims I quoted. That we have simultaneously spent more than the stimulus package was projected to cost while only sending out one third of the money.

I'm not a mathemagician, but that makes no sense.

petegz28
02-17-2010, 07:57 PM
By asking for pete to back up his bullshit. Yeah, that's hilarious.

I'm still waiting for Pete to show his work on the first pair of claims I quoted. That we have simultaneously spent more than the stimulus package was projected to cost while only sending out one third of the money.

I'm not a mathemagician, but that makes no sense.

It was reported on Bloomberg TV about 10 times today.

$787 Billion Stimulus to cost $75 Billion More to $862 Billion

http://www.sodahead.com/united-states/787-billion-stimulus-to-cost-75-billion-more-to-862-billion/blog-247025/

Saul Good
02-17-2010, 08:00 PM
By asking for pete to back up his bullshit. Yeah, that's hilarious.

If, by "bullshit", you mean "accurate description", you're dead on.

petegz28
02-17-2010, 08:29 PM
One-Third of Stimulus Money Spent

http://www.propublica.org/ion/stimulus/item/one-third-of-stimulus-money-spent-february-2010-update

BigRedChief
02-17-2010, 08:36 PM
One-Third of Stimulus Money Spent

http://www.propublica.org/ion/stimulus/item/one-third-of-stimulus-money-spent-february-2010-update
Revovery.gov
http://www.recovery.gov/Pages/home.aspx

Saul Good
02-17-2010, 09:38 PM
Revovery.gov
http://www.recovery.gov/Pages/home.aspx

$260 billion spent. 600,000 jobs created. We're looking at nearly half a mil per job per year, and that's assuming that all 600,000 jobs were created on January 1. If you figure that the average start of a job was the midpoint of the year, it's a million per job.

Saul Good
02-17-2010, 09:44 PM
I'm still waiting for Pete to show his work on the first pair of claims I quoted. That we have simultaneously spent more than the stimulus package was projected to cost while only sending out one third of the money. I don't know that it's "his work". Will you settle for the work of recovery.gov and the CBO?


The Obama administration has passed the one-third mark in getting last February’s stimulus dollars out the door, according to the latest numbers from Recovery.gov [1]. That figure includes $176 billion in spending, and an estimated $93 billion in tax relief.

The milestone comes on the heels of a new report [3] from the Congressional Budget Office, which estimates that the total cost of the stimulus will be $75 billion more than the CBO had originally projected.

When Congress passed the stimulus bill [4] last year, the CBO estimated it would cost $787 billion in extra spending and lost revenue from tax cuts. That estimate has now been increased to $862 billion, due to an increase in the projected costs of some of the programs in the stimulus, including food stamps and unemployment insurance.

Saul Good
02-17-2010, 09:45 PM
I don't know that it's "his work". Will you settle for the work of recovery.gov and the CBO?


The Obama administration has passed the one-third mark in getting last February’s stimulus dollars out the door, according to the latest numbers from Recovery.gov [1]. That figure includes $176 billion in spending, and an estimated $93 billion in tax relief.

The milestone comes on the heels of a new report [3] from the Congressional Budget Office, which estimates that the total cost of the stimulus will be $75 billion more than the CBO had originally projected.

When Congress passed the stimulus bill [4] last year, the CBO estimated it would cost $787 billion in extra spending and lost revenue from tax cuts. That estimate has now been increased to $862 billion, due to an increase in the projected costs of some of the programs in the stimulus, including food stamps and unemployment insurance.

There you go, Direckshun.

BigRedChief
02-17-2010, 10:10 PM
http://www.barackobama.com/images/issues/economy/jobs_graph_large_feb10.gif

The Mad Crapper
03-11-2010, 12:02 PM
Here's all the promises and other BS that B.O. said about this massive waste of money:

http://otrans.3cdn.net/45593e8ecbd339d074_l3m6bt1te.pdf