The Stimulus Seems to have failed

[YoPopa]

http://politics.usnews.com/opinion/slideshows/10-wasteful-stimulus-projects

And still there are a few on here who argue that the stimulus should have been larger.

I have to wonder, if the "small" stimulus was spent on projects like these then what kind of nonsense would have to be crafted to spend much larger sums of our money?

Perhaps a tunnel for alcoholic turtle prostitutes under Mt. St Helens?

 

[BeAChooser]

Perhaps a tunnel for alcoholic turtle prostitutes under Mt. St Helens?

A half built one in a democrat rep's district.

 

[ArcanumNoctis]

The stimulus served it's purpose. How? It slowed down the collapse of the world economy. That is why countries' synchronized their stimulus. If anything, it shows the solidification of globalization and the pure erosion of each countries' sovereignty due to their inability to control their own economy.

 

[BeAChooser]

The stimulus served it's purpose. How? It slowed down the collapse of the world economy.

So that was "it's purpose"?

 

[BeAChooser]

http://www.nationalreview.com/articles/244279/obama-more-carter-reagan-editors

Obama: More a Carter than a Reagan

There is a chart currently making the rounds that shows President Reagan’s approval ratings during his first two years in office overlaid upon President Obama’s. The trend lines nearly overlap.

… snip …

Reaganomics worked. Obamanomics? Let’s just say it will be interesting to see how much longer those trend lines overlap.

 

[ArcanumNoctis]

So that was "it's purpose"?

Or a depression.

It is all relative.

 

[Malerin]

The stimulus served it's purpose. How? It slowed down the collapse of the world economy. That is why countries' synchronized their stimulus. If anything, it shows the solidification of globalization and the pure erosion of each countries' sovereignty due to their inability to control their own economy.

You're thinking of TARP. The stimulus was supposed to stimulate the economy (officially, keep unemployment under 8.5%).

The only claim stimulus proponents now can make is that it kept things from getting worse. But that's not how it was sold to the people.

 

[BeAChooser]

https://www.weeklystandard.com/articles/did-stimulus-stimulate

Did the Stimulus Stimulate?

The Obama team gives macroeconomics a bad name.

 

[Chris L]

https://www.weeklystandard.com/artic...ulus-stimulate

In short, if you assume the stimulus worked, it worked. Reason in action.

 

[BeAChooser]

http://www.cnbc.com/id/38831550

Positive gross domestic product readings and other mildly hopeful signs are masking an ugly truth: The US economy is in a 1930s-style Depression, Gluskin Sheff economist David Rosenberg said Tuesday.

… snip …

Rosenberg's warning comes as a slew of major analysts—Goldman Sachs and JPMorgan among them—have slashed GDP projections for 2010 to the 1.5 to 2 percent range.

… snip …

The dour outlooks come on the same day that the National Association of Realtors said home sales reached a 15-year low in June, dousing hopes that the industry had reached a bottoming point.

 

[thaiboxerken]

1930's style depression? Simply hyperbole. Do you believe every nutty thing you read?

 

[BeAChooser]

1930's style depression? Simply hyperbole. Do you believe every nutty thing you read?

http://townhall.com/columnists/JohnStossel/2010/08/25/where_are_the_new_jobs/page/full

 

[thaiboxerken]

http://townhall.com/columnists/JohnStossel/2010/08/25/where_are_the_new_jobs/page/full

I guess you really do believe every nutty thing you read.

 

[BeAChooser]

I guess you really do believe every nutty thing you read.

http://libertyworks.com/1-2-million-entrepreneur-job-creators-vanished/

 

[thaiboxerken]

http://libertyworks.com/1-2-million-entrepreneur-job-creators-vanished/

Yup. Is it your goal to prove that you believe all kinds of nonsense?

 

[Chris L]

Thai, I don't suppose you could provide a little evidence that what BAC has presented is nonsense? I mean he presented it from multiple sources, but hey I'm sure your sources are just as good, so please enlighten us.

 

[BeAChooser]

http://thehill.com/blogs/on-the-mon...t-sees-increased-odds-of-double-dip-recession

An economist who advised Democrats on the $787 billion stimulus has increased his prediction of the odds of the economy entering a double-dip recession.

Mark Zandi, the chief economist of Moody’s Analytics, pegged the chances of a second recession at one in three. Just a few weeks ago, he saw only a 20 percent chance of another economic slowdown.

 

[thaiboxerken]

Thai, I don't suppose you could provide a little evidence that what BAC has presented is nonsense? I mean he presented it from multiple sources, but hey I'm sure your sources are just as good, so please enlighten us.

CT blogs and Conservapedia hardly count as sources. They're nonsense.

 

[Chris L]

And the one from cnbc?

 

[thaiboxerken]

Perhaps he could get some facts from the CBO. You know, the non-partisan authority on such matters.