A qestion for libbs... Where is the 3.3 trillion you spent ??and how has it helped ?

[yidnar]

the real unemployment rate is !4% and the under employment rate is over 20% !!!

 

[OohPooPahDoo]

well tell me !!

You don't want your payroll tax cut?

I'll take it.

 

[waltky]

Yea, Uncle Ferd been depressed ever since he lost dat job wringin' farts outta shirt-tails atta dry cleanery...

World In A 'Late Great Depression'
Monday, 30 Apr 2012 - The global economy is mired in a "late Great Depression" despite central bank stimulus policies, says Yale economist and author Robert Shiller.

"Our whole economy has been affected by variations in confidence. Central banks are sort of trusted, but the actions they have often affect people’s confidence by appearance rather than substance. We’re not in the most trusting mood now,” Shiller tells CNBC. The Federal Reserve, the European Central Bank, the Bank of Japan and the Bank of England have propped up their respective economies via liquidity injections known as quantitative easing, tools designed to spur recovery but dubbed by critics as printing money out of thin air. He says the world is in a “new age of austerity.”

Critics say such monetary tools don't improve fundamental economic problems of too much debt and too little growth, although Shiller points out that the jury is still out whether fiscal measures taken to tackle those problems such as budget cuts and tax hikes in Europe especially are having a desired effect. "Quantitative easing is not as prominent a policy as austerity ... the effect of austerity is not crystal clear because it depends how people react to it," says Shiller, who accurately called the tech bust of the early 2000s and the housing bust later that decade. "It might help, but I don’t know if it's going to overwhelm the general mood of austerity, which is affecting the housing market." Shiller, designer of the Standard & Poor’s/Case-Shiller house price index, adds it's "really hard to forecast" if the U.S. housing market is finally recovering but does find one bright spot. "The general presumption is that home prices are going down and that's good – it'll make them more affordable."

Cheaper housing prices will encourage many to avoid relying on their homes as the bulk of their investment portfolio and diversify, which is a good thing, Shiller adds. "Fifty years ago, there wasn’t this talk of housing as an investment. It was a zeitgeist of the early 2000s, and it has gradually gone." The housing sector appears to be bouncing along a bottom. Building permits issued in March rose 4.5 percent, beating out calls for a decline of around 0.7 percent, although U.S. housing starts fell 5.8 percent compared to forecasts for a 1.0 percent gain, according to government data. Experts agree the housing sector remains battered and recovery a long way away thanks to a glut of unsold homes. "It's going to be rocky for a while," says Gregory Miller, an economist at Suntrust Bank in Atlanta, according to Reuters. Housing prices will drop by a further 20 percent as the downturn gripping the United States deepens, leading economist Gary Shilling says.

Writing in the Christian Science Monitor, Shilling said more and more people are looking to rent as homeownership becomes increasingly rare. “Housing activity remains depressed, with the only life coming from the multifamily component, which is being driven by the zeal for rental apartments as homeownership falls,” he wrote. “Homeowners are losing their abodes to foreclosures; many can’t meet stringent mortgage lending standards; some worry about homeownership responsibilities in the face of job uncertainty; and many people have no desire to buy an asset that continues to fall in price. “I am looking for a further 20 percent slide in housing prices.”

Read more on Newsmax.com: Yale’s Shiller: World in a 'Late Great Depression'

See also:

No recovery in sight for global labour market: UN
Tuesday 1st May, 2012 - A new UN report Monday warned that despite signs that economic growth has resumed in some regions, the global employment situation is alarming and shows no signs of recovery in the near future.

The warning was contained in a report issued by the International Labor Organisation (ILO), which warned of the emergence of a global jobs crisis, Eduardo del Buey, deputy UN spokesperson, said. "In its annual World of Work Report 2012: Better Jobs for a Better Economy, the ILO says that around 50 million jobs are still missing compared to the situation that existed before the crisis, and a new and more problematic phase of the global jobs crisis is emerging," Xinhua quoted del Buey as saying. "The report points out that many governments, especially in advanced economies, have shifted their priority to a combination of fiscal austerity and tough labour market reforms," he said. "Such measures are having devastating consequences on labour markets in general and job creation in particular." "The ILO says job recovery, especially in Europe, is not expected before the end of 2016 -- unless there is a dramatic shift in policy direction," he said. "The report also warns that while unemployment is pushing poverty levels higher worldwide, countries in Sub-Saharan Africa, the Middle East and North Africa face increased threat of social unrest in 2011 compared to 2010 due to joblessness," he said.

Another factor leading to a worsening jobs crisis is that many job seekers in advanced economies are demoralized and are losing skills, something which is affecting their chances of finding a new job, the report said. In addition, small companies have limited access to credit, which in turn is depressing investment and preventing employment creation. Other factors include the fact that, in most advanced economies, many of the new jobs are precarious and there exists the possibility of increased social unrest in many parts of the world. According to the report's Social Unrest Index, 57 out of 106 countries with available information showed a risk of increased social unrest in 2011 compared to 2010. The regions with the largest increases are sub-Saharan Africa and the Middle East and North Africa.

The report argues that if a job-friendly policy-mix of taxation and increased expenditure in public investment and social benefits is put in place, approximately two million jobs could be created over the next year in advanced economies. Among the other findings of the report is that employment rates have only increased in six of the 36 advanced economies since 2007 -- Austria, Germany, Israel, Luxembourg, Malta and Poland -- and that youth unemployment rates have increased in about 80 percent of advanced countries and two-thirds of developing countries.

No recovery in sight for global labour market: UN

 

[yidnar]

Yea, Uncle Ferd been depressed ever since he lost dat job wringin' farts outta shirt-tails atta dry cleanery...

World In A 'Late Great Depression'
Monday, 30 Apr 2012 - The global economy is mired in a "late Great Depression" despite central bank stimulus policies, says Yale economist and author Robert Shiller.

"Our whole economy has been affected by variations in confidence. Central banks are sort of trusted, but the actions they have often affect people’s confidence by appearance rather than substance. We’re not in the most trusting mood now,” Shiller tells CNBC. The Federal Reserve, the European Central Bank, the Bank of Japan and the Bank of England have propped up their respective economies via liquidity injections known as quantitative easing, tools designed to spur recovery but dubbed by critics as printing money out of thin air. He says the world is in a “new age of austerity.”

Critics say such monetary tools don't improve fundamental economic problems of too much debt and too little growth, although Shiller points out that the jury is still out whether fiscal measures taken to tackle those problems such as budget cuts and tax hikes in Europe especially are having a desired effect. "Quantitative easing is not as prominent a policy as austerity ... the effect of austerity is not crystal clear because it depends how people react to it," says Shiller, who accurately called the tech bust of the early 2000s and the housing bust later that decade. "It might help, but I don’t know if it's going to overwhelm the general mood of austerity, which is affecting the housing market." Shiller, designer of the Standard & Poor’s/Case-Shiller house price index, adds it's "really hard to forecast" if the U.S. housing market is finally recovering but does find one bright spot. "The general presumption is that home prices are going down and that's good – it'll make them more affordable."

Cheaper housing prices will encourage many to avoid relying on their homes as the bulk of their investment portfolio and diversify, which is a good thing, Shiller adds. "Fifty years ago, there wasn’t this talk of housing as an investment. It was a zeitgeist of the early 2000s, and it has gradually gone." The housing sector appears to be bouncing along a bottom. Building permits issued in March rose 4.5 percent, beating out calls for a decline of around 0.7 percent, although U.S. housing starts fell 5.8 percent compared to forecasts for a 1.0 percent gain, according to government data. Experts agree the housing sector remains battered and recovery a long way away thanks to a glut of unsold homes. "It's going to be rocky for a while," says Gregory Miller, an economist at Suntrust Bank in Atlanta, according to Reuters. Housing prices will drop by a further 20 percent as the downturn gripping the United States deepens, leading economist Gary Shilling says.

Writing in the Christian Science Monitor, Shilling said more and more people are looking to rent as homeownership becomes increasingly rare. “Housing activity remains depressed, with the only life coming from the multifamily component, which is being driven by the zeal for rental apartments as homeownership falls,” he wrote. “Homeowners are losing their abodes to foreclosures; many can’t meet stringent mortgage lending standards; some worry about homeownership responsibilities in the face of job uncertainty; and many people have no desire to buy an asset that continues to fall in price. “I am looking for a further 20 percent slide in housing prices.”

Read more on Newsmax.com: Yale’s Shiller: World in a 'Late Great Depression'

See also:

No recovery in sight for global labour market: UN
Tuesday 1st May, 2012 - A new UN report Monday warned that despite signs that economic growth has resumed in some regions, the global employment situation is alarming and shows no signs of recovery in the near future.

The warning was contained in a report issued by the International Labor Organisation (ILO), which warned of the emergence of a global jobs crisis, Eduardo del Buey, deputy UN spokesperson, said. "In its annual World of Work Report 2012: Better Jobs for a Better Economy, the ILO says that around 50 million jobs are still missing compared to the situation that existed before the crisis, and a new and more problematic phase of the global jobs crisis is emerging," Xinhua quoted del Buey as saying. "The report points out that many governments, especially in advanced economies, have shifted their priority to a combination of fiscal austerity and tough labour market reforms," he said. "Such measures are having devastating consequences on labour markets in general and job creation in particular." "The ILO says job recovery, especially in Europe, is not expected before the end of 2016 -- unless there is a dramatic shift in policy direction," he said. "The report also warns that while unemployment is pushing poverty levels higher worldwide, countries in Sub-Saharan Africa, the Middle East and North Africa face increased threat of social unrest in 2011 compared to 2010 due to joblessness," he said.

Another factor leading to a worsening jobs crisis is that many job seekers in advanced economies are demoralized and are losing skills, something which is affecting their chances of finding a new job, the report said. In addition, small companies have limited access to credit, which in turn is depressing investment and preventing employment creation. Other factors include the fact that, in most advanced economies, many of the new jobs are precarious and there exists the possibility of increased social unrest in many parts of the world. According to the report's Social Unrest Index, 57 out of 106 countries with available information showed a risk of increased social unrest in 2011 compared to 2010. The regions with the largest increases are sub-Saharan Africa and the Middle East and North Africa.

The report argues that if a job-friendly policy-mix of taxation and increased expenditure in public investment and social benefits is put in place, approximately two million jobs could be created over the next year in advanced economies. Among the other findings of the report is that employment rates have only increased in six of the 36 advanced economies since 2007 -- Austria, Germany, Israel, Luxembourg, Malta and Poland -- and that youth unemployment rates have increased in about 80 percent of advanced countries and two-thirds of developing countries.

No recovery in sight for global labour market: UN

you are about as funny as a dead puppy with your uncle faggot shit !! the facts are that Reagan created 9 million jobs with his tax cuts !!

 

[Interpol]

This is a useful chart. It shows the costs of the policies enacted by President Bush, and those of President Obama.

About 75% of all our spending has been on stuff that was going to have money spent on it no matter who the President was. From the Bush Tax Cuts to the prescription drug benefit to Iraq and Afghanistan to TARP.

If you were able to shut spending off like it's a water tap and stop all Bush-era spending the moment this President begins his term, we're at about $11.5 trillion in debt, and not $16 or whatever. But we'd actually be a little bit lower since if Obama had had his way, the Bush Tax Cuts would have expired awhile ago instead of getting extended two years.

[/URL] Uploaded with ImageShack.us[/IMG]

 

[yidnar]

This is a useful chart. It shows the costs of the policies enacted by President Bush, and those of President Obama.

About 75% of all our spending has been on stuff that was going to have money spent on it no matter who the President was. From the Bush Tax Cuts to the prescription drug benefit to Iraq and Afghanistan to TARP.

If you were able to shut spending off like it's a water tap and stop all Bush-era spending the moment this President begins his term, we're at about $11.5 trillion. But we'd actually be a little bit lower since if Obama had had his way, the Bush Tax Cuts would have expired awhile ago instead of getting extended two years.

[/URL] Uploaded with ImageShack.us[/IMG]

if the left wins in congress and the oval office in Nov we will be in big trouble !!

 

[Interpol]

This is a useful chart. It shows the costs of the policies enacted by President Bush, and those of President Obama.

About 75% of all our spending has been on stuff that was going to have money spent on it no matter who the President was. From the Bush Tax Cuts to the prescription drug benefit to Iraq and Afghanistan to TARP.

If you were able to shut spending off like it's a water tap and stop all Bush-era spending the moment this President begins his term, we're at about $11.5 trillion. But we'd actually be a little bit lower since if Obama had had his way, the Bush Tax Cuts would have expired awhile ago instead of getting extended two years.

[/URL] Uploaded with ImageShack.us[/IMG]

if the left wins in congress and the oval office in Nov we will be in big trouble !!

Based on what?

 

[USMCSergeant]

Based on the progressive liberal agenda. I don't see it working, there is no way to pay for it.

 

[Clementine]

well tell me !!

Lets see 800billion(stimulus) of that went to creating 4million jobs and is estimated in the next ten years to save the total economy more then 2 trillion dollars.
several tens of billions went to energy efficiency programs which have/will create at least .5million jbos and will save the overall economy hundreds of billions in lessened energy costs.
Several hundred billion went to providing seniors/military service men and other Americans with health care, saving tens of thousandth of lives.
Billions were spent on technological, health, science, energy agriculture and other research.
A 100billion was spent providing people with an education of which wil allow them to become doctors, engineering, and scientists.
Tens=hundred of billions where spent on tax credits for American workers, and businesses that create jobs of which helped create 1-2million jobs.
Billions were spent on Head start, WAP, WIC, Amiercoprs, ATVM, FNFPP, PP, MEP, and Food saftey/inspections of which will save the economy 2-10 dollars per dollar spent. Billions were spent to help homeowners lower their interest rates preventing millions of foreclosures.
and Billions were spent on public transportation of which will save the economy hundreds of billions via less pollution, less congestion and lower travel times

aint seeing it happen !!! the economy is stagnant !!! fuel and food prices are sky high ,banks are not lending,and business is not hiring !!!

That's by design. Obamacare makes each employee a liability, unemployment is way higher than they say because there are fewer jobs and more people have given up, inflation is killing us, banks aren't making loans to those wanting to start small businesses because the government put a limit on the number of loans they can make and the companies aren't hiring because of all the above.

It's all designed to send more people into the welfare offices to become government dependents. And it's working just as they hoped. It's nothing more than a plan to take down the country and the tactics are literally straight from the radical handbook.

We gave all that money to Solyndra and they went bankrupt quickly after taking half a billion dollars from the hard working tax payers. According to the left, it's middle class paying the most, so I guess it's on the backs of the hard working average Americans that Obama and the Dems are showering their friends with money. How much of that money ended back up in Dems coffers? And there were other solar companies that took the money and ran into the ground. It's a little fishy when so much money disappears so quickly.

We have funded the Muslim Brotherhood despite their strong ties to terrorist organizations, and that is according to our own CIA. It's insane.

$4 billion alone went to illegal aliens fraudulent tax refunds. That doesn't include the billions spent on them for welfare programs.

Stimulus money shored up union pension funds and paid back cronies. It did little to create jobs or kick start the economy, as promised.