The Stimulus Seems to have failed

http://www.detnews.com/article/20100715/MIVIEW/100715001/1467/opinion01/He-camehe-sawhe-insulted

In the latest stop on his “Recovery Summer” tour, rock star President Barack Obama landed in Holland, Michigan Thursday, insulted its congressman, handed American stimulus dollars to a Korean corporation, and proclaimed Obamanomics a success even as Michigan has lost 94,000 jobs since his Recovery Act was enacted.

… snip …

The president handed $150 million in stimulus money over to Korean CEO Peter Bahnsuk Kim of LG Chem. LG Chem is an $11 billion Korean conglomerate that hardly seems a candidate for the American Recovery Act.

… snip …

Obama said his benevolence would create 300 jobs in Holland – but that’s $500,000 per job. At least it’s a bargain compared to the $1.25 million per job Obama spent on two solar companies in Arizona over the July 4 weekend.
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Ah yes, gotta love that stimulus. :rolleyes:
 
kookbreaker said:
I have to wonder who is drooling salaciously over the prospect of our economy tanking more: BAC, or JihadJane?

JihadJane drools over the idea of the economy tanking so the great socialist revolution can begin.

BAC drools over the idea of the economy tanking so the great socialist revolution can end.
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If BAC feels anything like I do about all this (and I really have nothing in common with him except that I think he's right about the stimulus), it's not "salacious drooling" over the prosepct of economic decline. It's depressing! Who wants to see their country on the downward slope?
 
Malerin said:
If BAC feels anything like I do about all this (and I really have nothing in common with him except that I think he's right about the stimulus), it's not "salacious drooling" over the prosepct of economic decline. It's depressing! Who wants to see their country on the downward slope?
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Then maybe all those gratuitous smileys he used on pages 1 & 2 of this thread were ill-considered. One can very easily understand being against the stimulus, but gleefully wanting it to fail? Kinda sick, albeit in a different way than JihadJane.
 
kookbreaker said:
Then maybe all those gratuitous smileys he used on pages 1 & 2 of this thread were ill-considered. One can very easily understand being against the stimulus, but gleefully wanting it to fail?
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You are AGAIN misinterpreting me, KB. Those smilies don't express glee at the failure of stimulus and our economy, but glee at proving the repeated failure of your side's logic and your side's lack of understanding on this issue. I'm not laughing because the economy is failing, I'm laughing at you.

And now do you want to get back to the topic of the stimulus, or continue speculating about me and my smilies? :D
 
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BeAChooser said:
You are AGAIN misinterpreting me, KB. Those smilies don't express glee at the failure of stimulus and our economy, but glee at proving the repeated failure of your side's logic and your side's lack of understanding on this issue. I'm not laughing because the economy is failing, I'm laughing at you.
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Really?

BeAChooser said:
Yeah. I'd say it's failed. Perhaps here is why ...

<quotage snipped>

:D
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and

BeAChooser said:
Or perhaps this is the reason it's failed:

<snipped>

:D
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http://www.google.com/hostednews/ap/article/ALeqM5hz13IY28A6Jx1XbBR7Cp1WIiCQGgD9H040H80

President Barack Obama acknowledges that the fall elections could amount to a referendum on his stewardship of the nation's affairs.

… snip … But he also says the midterm congressional elections could come down to "a choice between the policies that got us into this mess and my policies that got us out of this mess."
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Imagine that? Obama thinks we are already "out of this mess" and his policies did it. Talk about delusional. Do any of you call 9.5% unemployment (and the real unemployment is higher than that because many just gave us the search), still dropping retail sales, the highest foreclosure rate on record, low consumer confidence, a stock market headed downward, slowing GDP growth (which already wasn't anything to write home about) and a budget deficit of more than a trillion dollars for the second year in a row, being "out of this mess"? :rolleyes:
 
http://www.dailyfinance.com/story/careers/what-is-the-real-unemployment-rate/19556146/

Raghavan Mayur, president at TechnoMetrica Market Intelligence, follows unemployment data closely. So, when his survey for May revealed that 28% of the 1,000-odd households surveyed reported that at least one member was looking for a full-time job, he was flummoxed.

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Mayur's polls continued to find much worse figures. The June poll turned up 27.8% of households with at least one member who's unemployed and looking for a job, while the latest poll conducted in the second week of July showed 28.6% in that situation. That translates to an unemployment rate of over 22%, says Mayur, who has started questioning the accuracy of the Labor Department's jobless numbers.

… snip …

In fact, Austan Goolsbee, who is now part of the White House Council of Economic Advisers, wrote in a 2003 New York Times piece titled "The Unemployment Myth," that the government had "cooked the books" by not correctly counting all the people it should, thereby keeping the unemployment rate artificially low.

… snip …

According to the Pew Research Center, a large number of people are out of jobs for a longer period during this economic downturn. The typical unemployed worker today has been out of work for nearly six months. That's almost double the previous post-World War II peak for this measure, which was 12.3 weeks in 1982-83.
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Wow, that stimulus sure is "working exactly as anticipated." :D
 
BeAChooser said:
Apparently enough that Obama is willing to be "held accountable" for it's performance. :D
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But you know that's what politicians say to get elected. You know in fact the President doesn't have that kind of power.

BeAChooser said:
Wow, that stimulus sure is "working exactly as anticipated." :D
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Well hell, I'll say it. It's not working exactly as anticipated. Nobody really knew what to anticipate in the first place.

Fear of the unknown is your tool. Any admission of doubt is a weakness. Saying "I don't know" is forbidden.

What kind of world do you want to live in?
 
ideogram said:
But you know that's what politicians say to get elected.
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But he's already been elected. He said that just the other day. And the next election is so far in the future it's beyond the memory-span of his base. No, I don't think he saying that "to get elected". :D

ideogram said:
Nobody really knew what to anticipate in the first place.
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Obama and democrats certainly claimed they did when they were selling the stimulus. And Obama must have, otherwise how could he now possibly claim the stimulus is working "exactly as anticipated"? :D

ideogram said:
What kind of world do you want to live in?
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That's a question you really should be asking yourself, ideogram.
 
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