I Don't Think the Stimulus is Working

Discussion in 'Economy' started by Foxfyre, Aug 7, 2010.

  1. Foxfyre
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    Foxfyre Eternal optimist Gold Supporting Member Supporting Member

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    Wonder why the stimulus package that was supposed to create so many good jobs that the unemployment rate wouldn’t go past 7.5% hasn’t created many good jobs and the unemployment rate continues to be stuck around 9.5%? Meanwhile Europe’s economy continues to boom. Even Germany that normally has high unemployment rates can boast a 7.5% rate this summer.

    So what’s wrong?

    Well some of the projects the stimulus money has gone for:

    A half million dollars for new windows at the Mt. St. Helens visitors center in Amboy, Washington. The building has been closed since 2007 and there are no immediate plans to reopen it

    $6.9 million dollars for repairs to an 1846 brick fort marooned on Dry Tortuga at the end the Florida Keys. Few people can visit this remote national park unless they hire a seaplane or take a four-hour round-trip boat ride.

    Creating a museum in an abandoned train station in Glasboro, NJ, at the cost of $1.2 million

    $2 million dollars to send researchers from the California Academy of Sciences to islands in the Indian Ocean to study exotic ants

    A study of dog domestication at Cornell University with a price tag of $296-thousand dollars

    $141-thousand dollars to send students from Montana State University to China to study dinosaur eggs

    $762-thousand dollars to create interactive choreography programs at the University of North Carolina. Dancers would wear electronic monitors to analyze their movements.

    $89-thousand dollars to replace sidewalks in Boynton, Oklahoma that were just replaced five years ago. One of them goes nowhere near any houses or businesses and leads directly into a ditch.

    Source: Republicans: Stimulus Money Spent on Wasteful Projects | Foxnews.com

    One analysis I’ve seen that so far what private sector jobs have been created have been at a cost exceeding $300,000 per job.

    But Obama and the Dems in Congress refuse to consider using unspent stimulus money to cover costs of extending unemployment insurance which the Republicans have asked for in lieu of increasing the deficit even more.. Instead they accuse the Republicans of blocking extension of unemployment insurance.

    Honestly people. Don’t you think we should expect better of our government than this?
     
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  2. CrusaderFrank
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    CrusaderFrank Diamond Member

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    It's working! It's pushing us to the brink of disaster just like it's supposed to
     
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  3. Rozman
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    Rozman Gold Member Supporting Member

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    I saw the President the other day patting himself on the back (again) for saving the USA from the brink.He's going on and on about what a great job he's done turning the economy around and for seven straight months we have had positive numbers on jobs created.Ed Schultz of MSNBC the All positive All Obama news network says the President has turned the economy around.

    Why does it seem that we are not a lot better off....
    One answer may be....

    WE ARE NOT MUCH BETTER OFF THEN WE WERE TWO YEARS AGO ! ! !
     
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  4. Foxfyre
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    Foxfyre Eternal optimist Gold Supporting Member Supporting Member

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    Even though my gut tells me to be wary and all the warning signs are there, I don't want to believe CrusaderFrank.

    And Rozman, I not only believe we are no better off than two years ago, I emphatically believe that we are much worse off because we are spending ourselves into bankruptcy while installing legislation that will ensure that no recovery from that will ever be possible.

    But when you see the kinds of nonsensical ways the stimulus money is being spent and that almost none of it has gone for the kinds of jobs that actually stimulate the economy, it is maddening.

    Whatever happened to all that critical infrastructure that was supposed to be addressed? There aren't fossils in America that could be studied so at least the money would be spent here?

    And why isn't even the Political Class outraged at the absurdity of all this given the devastating effects it is having and will have?
     
  5. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    Obviously, we need.....





    More Stimulus!
     
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  6. Foxfyre
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    Foxfyre Eternal optimist Gold Supporting Member Supporting Member

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    Well some of our fearless leaders certainly seem to think so Mad. Do you suppose we can expect different results?
     
  7. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    Just as an individual cannot solve his debt problem by taking out more credit cards and charging them to the max, it follows that a country cannot solve a deficit and debt crisis by quadrupling the former and vastly increasing for latter while committing to vast new spending programs in the future.
     
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  8. mudwhistle
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    mudwhistle Diamond Member

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    Why is it no matter how many jobs are reported to have been lost or gained the unemployment rate still remains around 9.5%. Even the White House admits that many of the jobs lost this year will never be replaced.

    Last week nearly 500k new applicants filed for unemployment. Why didn't it go up then?

    Because of the manner that unemployment is counted. They don't use actual reports but instead use a computer projection generated out of thin air....this is why they continually revise the figures months later after the real figures are compiled.

    What is the actual rate today?

    Answer: The unemployment rate is continually rising and the source of the figures cannot be trusted anymore because of the political ramifications involved. The unemployment rate should be 20% or more...but that will never be reported. I wouldn't be surprised to see aggressive action or even a lawsuit from the White House if it ever was.
     
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    Last edited: Aug 7, 2010
  9. Foxfyre
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    Foxfyre Eternal optimist Gold Supporting Member Supporting Member

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    Amen to that Boedicca. One of the first rules of economic management is that you cannot spend yourself rich. That is true of individuals. And it is true of countries.

    I have to give the Dems kudos for at least digging in their heels and protesting this:

    The problem is that the Administration already has the money and authority to spend it. And they haven't been all that responsive to public opinion so far.
     
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  10. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    The unemployment rate isn't rising because so many people have QUIT LOOKING FOR WORK.

    Shadow Stats does an analysis to adjust for this. Real unemployment is 22%

    Alternate Unemployment Charts
     
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