The Stimulus Seems to have failed

Understood. Too bad really, I was about to prove the existence of Bigfoot, UFO's, and the lost continent of Atlantis. :)
 
http://www.cnbc.com/id/42415710

The race to the bottom for first-quarter GDP projections has a new leader: Bank of America Merrill Lynch.

With a succession of mild unemployment drops unable to ease concerns about the larger slow-growth story for the US economy, BofAML now sees the quarter’s growth prospects at just 1.5 percent.
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Ah yes, signs of recovery.
 
http://cnsnews.com/news/article/rep-ryan-obama-s-budget-path-do-nothing

(CNSNews.com) – House Budget Chairman Congressman Paul Ryan (R-Wis.) said President Barack Obama’s budget strategy is to “do nothing, punt, duck, kick the can down the road” while the debt remains on track to eventually hit 800 percent of GDP. Ryan added that the CBO is saying it "can't conceive of any way" that the economy can continue past 2037 given its current trajectory.
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I thought stimulus was supposed to solve everything, Obama? :rolleyes:
 
lomiller said:
Seems to have worked fairly well. the Bulk of the stimulus runs from month 18 to month 24, which is certainly far better then the Bush Republican bungling that took place in months 1-14 of your graph.
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Bull.

Any fool of the forum knows that for a dollar given to banks by the FED, a multiplier of that is projected into the economy based on fractional reserve. And any dollar put directly into the economy on a "stimulus" such as road construction, if from the fed, results in 1.5 dollars more or less of benefits to the economy. Compared to 4-5 dollars for private, free enterprise, "stimulus".

So for 3 Trillion in "stimulus" you should be able to point to 6-10 Trillion in additional GNP. Let's have it. Show it please. And no ducking and dodging with lame answers, except for Piggy.

Anything's okay for him, because he manned up once and admitted I was right about there being scholarly work on global cooling. (For which Piggy, I will say ... and pssst....don't tell anyone....don't fall for this question it be a trap).

:)
 
foodstamps.png
 
ideogram said:
Please explain how your post supports the claim that the stimulus seems to have failed.
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:confused:

umm.... lets see....

Food stamp participation at the highest level in US history, unemployment still hovering around double digits, real income has stagnated or declined, commodities prices at all time highs, etc.. etc.. etc..
 
michaelsuede said:
:confused:

umm.... lets see....

Food stamp participation at the highest level in US history, unemployment still hovering around double digits, real income has stagnated or declined, commodities prices at all time highs, etc.. etc.. etc..
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Do you know where the stimulus money went?
 
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