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Old 08-23-2012, 12:03 PM   #44
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Quote:
Originally Posted by patteeu View Post
I think you're confusing the stimulus with TARP. The stimulus was an inefficient pile of fail. Any President, perhaps not including a back to nature guy like Ron Paul, would have fashioned a stimulus. Not all of them would have created the mess of economically-shallow, constituent payback that Obama did. TARP, OTOH, prevented an unprecedented global financial system meltdown, by most credible accounts.

By their own standards (no more than 8% unemployment w/ stimulus), the Obama administration's stimulus was a failure.
The stimulus underperformed, but it was created to prevent a collapse into a depression, as well as rebound unemployment and the economy in general. It was big enough to accomplish the first priority, but about half the size needed to accomplish the other two.
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