IF higher taxes will create jobs, why did the stimulus fail?

[RDD_1210]

Would we owe more if we instead allowed the economy to collapse? Yes.

Wow you are such an economic moron it is simply breathtaking. Never mind you derailed the thread to tax cuts for the wealthy (which didnt happen).
Your proposition is that if we didnt spend trillions of dollars on a failed stimulus we would owe more money? Hello? Are you nucking futs? Yes, I think so.
If we had done nothing we would have had a short more severe recession followed by a vigorous recovery.

I love racist rabbi math.

 

[PLYMCO_PILGRIM]

I cannot put it any better

It’s official: Obama’s job stimulus program failed
TAGS: Examiner editorial failure job stimulus President Barack Obama unemployment rate
COMMENTS (0) SHARE PRINT
By: Examiner Editorial 01/22/11 10:00 PM
Democrats have lambasted Republicans for years for believing in “Voodoo economics.” Well, the evidence is mounting that economic superstition is alive and well in the nation’s political circles, though it has nothing to do with a fondness for tax cuts.

It’s instead the crazy belief that the government can spend its way to prosperity for the rest of us. Analyzing this conclusion, the House Ways and Means Committee recently released a report titled “It’s Official: On Unemployment and Jobs, Democrats’ 2009 Stimulus Was a Huge Failure.”

The Ways and Means report provides a number of striking reminders about the predictions the White House made in January 2009 while urging the passage of their $814 billion Keynesian spending bill. By January 2011, the stimulus bill was supposed to have lowered the unemployment rate to 7 percent. It now stands at 9.4 percent, and the report notes that “the unemployment rate would be 11.3 percent if it included all the ‘invisible unemployed’ — American workers who have simply given up looking for work.” The report also said that the stimulus was supposed to create 3.7 million jobs by now, for a total of 137.6 million jobs in the American economy. Currently, there are 130.7 million jobs. Since the stimulus’ passage, 47 of the 50 states have lost jobs; overall, the private sector has seen 1.8 million jobs disappear.

Note as well that unemployment currently is slightly above what the White House predicted it would be if the Obama stimulus program was not passed as emergency legislation. Any honest assessment of the stimulus has to consider the possibility that flawed economics, kickbacks to unions and other Democratic special interests, corruption and an inefficient bureaucracy simply swallowed all the jobs for which those billions were supposed to pay. In fact, job creation exceeded the White House’s expectations in only one area: The District of Columbia created almost twice as many jobs as the White House anticipated. In other words, thanks to the stimulus, the only area growing new jobs is the federal government.



Read more at the San Francisco Examiner: It

This MYTH.

The stimulus worked according to the CBO and most respected economists

According to my local economy and the unemployment numbers it hasn't worked...yet.

 

[The Rabbi]

Would we owe more if we instead allowed the economy to collapse? Yes.

Wow you are such an economic moron it is simply breathtaking. Never mind you derailed the thread to tax cuts for the wealthy (which didnt happen).
Your proposition is that if we didnt spend trillions of dollars on a failed stimulus we would owe more money? Hello? Are you nucking futs? Yes, I think so.
If we had done nothing we would have had a short more severe recession followed by a vigorous recovery.

I love racist rabbi math.

Yeah. Spending less equals less debt. That's so racist, you drooling idiot.

 

[RDD_1210]

Wow you are such an economic moron it is simply breathtaking. Never mind you derailed the thread to tax cuts for the wealthy (which didnt happen).
Your proposition is that if we didnt spend trillions of dollars on a failed stimulus we would owe more money? Hello? Are you nucking futs? Yes, I think so.
If we had done nothing we would have had a short more severe recession followed by a vigorous recovery.

I love racist rabbi math.

Yeah. Spending less equals less debt. That's so racist, you drooling idiot.

No, you just happen to be racist. You've earned that title. You also happen to be poor at math.

 

[PLYMCO_PILGRIM]

Would we owe more if we instead allowed the economy to collapse? Yes.

Wow you are such an economic moron it is simply breathtaking. Never mind you derailed the thread to tax cuts for the wealthy (which didnt happen).
Your proposition is that if we didnt spend trillions of dollars on a failed stimulus we would owe more money? Hello? Are you nucking futs? Yes, I think so.
If we had done nothing we would have had a short more severe recession followed by a vigorous recovery.

I love racist rabbi math.

Thats a very poor challenge to his statement. And using the racist term just makes you automatically lose, even if you might have a point.

 

[The Rabbi]

I cannot put it any better

It’s official: Obama’s job stimulus program failed
TAGS: Examiner editorial failure job stimulus President Barack Obama unemployment rate
COMMENTS (0) SHARE PRINT
By: Examiner Editorial 01/22/11 10:00 PM
Democrats have lambasted Republicans for years for believing in “Voodoo economics.” Well, the evidence is mounting that economic superstition is alive and well in the nation’s political circles, though it has nothing to do with a fondness for tax cuts.

It’s instead the crazy belief that the government can spend its way to prosperity for the rest of us. Analyzing this conclusion, the House Ways and Means Committee recently released a report titled “It’s Official: On Unemployment and Jobs, Democrats’ 2009 Stimulus Was a Huge Failure.”

The Ways and Means report provides a number of striking reminders about the predictions the White House made in January 2009 while urging the passage of their $814 billion Keynesian spending bill. By January 2011, the stimulus bill was supposed to have lowered the unemployment rate to 7 percent. It now stands at 9.4 percent, and the report notes that “the unemployment rate would be 11.3 percent if it included all the ‘invisible unemployed’ — American workers who have simply given up looking for work.” The report also said that the stimulus was supposed to create 3.7 million jobs by now, for a total of 137.6 million jobs in the American economy. Currently, there are 130.7 million jobs. Since the stimulus’ passage, 47 of the 50 states have lost jobs; overall, the private sector has seen 1.8 million jobs disappear.

Note as well that unemployment currently is slightly above what the White House predicted it would be if the Obama stimulus program was not passed as emergency legislation. Any honest assessment of the stimulus has to consider the possibility that flawed economics, kickbacks to unions and other Democratic special interests, corruption and an inefficient bureaucracy simply swallowed all the jobs for which those billions were supposed to pay. In fact, job creation exceeded the White House’s expectations in only one area: The District of Columbia created almost twice as many jobs as the White House anticipated. In other words, thanks to the stimulus, the only area growing new jobs is the federal government.



Read more at the San Francisco Examiner: It

This MYTH.

The stimulus worked according to the CBO and most respected economists

According to my local economy and the unemployment numbers it hasn't worked...yet.

Teh CBO's statement is based on the assumption that X number of dollars spent by the gov't yields Y number of jobs. It is simply an assumption, and a wrong one at that.
This has been debunked many times. ANd the economy's performance pretty much proves it. The stimulus was a total failure.

 

[The Rabbi]

Wow you are such an economic moron it is simply breathtaking. Never mind you derailed the thread to tax cuts for the wealthy (which didnt happen).
Your proposition is that if we didnt spend trillions of dollars on a failed stimulus we would owe more money? Hello? Are you nucking futs? Yes, I think so.
If we had done nothing we would have had a short more severe recession followed by a vigorous recovery.

I love racist rabbi math.

Thats a very poor challenge to his statement. And using the racist term just makes you automatically lose, even if you might have a point.

He loses automatically because he is a loser. Some things are pretty simple.

 

[signelect]

Obama has spent his life using other peoples money to push his socialist agenda, why be surprised now. He doesn't under physical responsibility at all. Government job are a sham, go to any gov't office and try to get some service, it doesn't exist.

 

[RDD_1210]

Wow you are such an economic moron it is simply breathtaking. Never mind you derailed the thread to tax cuts for the wealthy (which didnt happen).
Your proposition is that if we didnt spend trillions of dollars on a failed stimulus we would owe more money? Hello? Are you nucking futs? Yes, I think so.
If we had done nothing we would have had a short more severe recession followed by a vigorous recovery.

I love racist rabbi math.

Thats a very poor challenge to his statement. And using the racist term just makes you automatically lose, even if you might have a point.

I stopped trying to have discussions with Rabbi. He's an outright racist and probably legally insane. His posts are purely for entertainment value and not to be taken seriously.

 

[Mr.Nick]

Because the stimulus was nothing more than a union bailout, and a payoff to democrat politicians that got Obama elected - thats why it failed!

The stimulus was NEVER meant to create jobs - only keep unions afloat in this fucked up economy.

Ever hear of cash for clunkers??

That was another bold payout to unions.

Obama takes over GM, then stimulates UAW by getting used cars off the road and giving people vouchers to buy brand new UAW made vehicles...

That motherfucker Obama pretty much created a demand for a union made product...

What did Obama do for the non-union private sector???? NOTHING - That motherfucker didn't do one damn thing to help the non-union private sector....

Oh and the kickers is - WE ALL PAID FOR IT.... We all paid to bailout the unions...

The stimulus worked according to the best economists in the world.


Lying about it wont change that.

It worked for the unions....

Prove it worked...

This economy is fucked and Obama is a partisan asshole.

Show me where he helped the non-union private sector...... Show me motherfucker, because I can show you where he helped the unions and ONLY the unions....

Yeah, bailouts for unionized public sector employees and public works jobs for public sector union employees and contracts to contractors whos workforce just happen to be UNION.

So basically the motherfucker left non-union workers to starve while Obama made DAMN WELL SURE the unions got taken care of..

 

[grunt11b]

Don't be fooled, alot of that stimulus went to kick backs of special interest groups that got Berry elected, and some went to line the pockets of those wishing to try and get re-elected in 2012. I bet if they had to show receipts for what they spent that money on they couldn't do it.

 

[PLYMCO_PILGRIM]

I love racist rabbi math.

Thats a very poor challenge to his statement. And using the racist term just makes you automatically lose, even if you might have a point.

I stopped trying to have discussions with Rabbi. He's an outright racist and probably legally insane. His posts are purely for entertainment value and not to be taken seriously.

Well Rabbi and I dont always agree, heck we were bickering about something just the other day, but that doen't mean he is racist, insane, and has no value in his opinion.

Ok im not defending other people anymore...i said my piece.

 

[Soggy in NOLA]

The stimulus package contained around $300B in tax cuts including items such as a payroll tax deduction, sales tax deductions for vehicle purchases and an extension of the AMT patch. All of those, and others, cut taxes for the rich.

Oh I see, they only affected the rich. Gotcha.

Who said they only affected the rich?

See your post above.

 

[Soggy in NOLA]

So, I guess the left's path to prosperity looks like this: Tax the fuck out of 1% of the population and let 50% pay nothing.

 

[8537]

Wow you are such an economic moron it is simply breathtaking.

And you, sir, are fucking genius! I've seen your cred and let me tell ya folks, that degree from ITT shines nicely!

Your proposition is that if we didnt spend trillions of dollars on a failed stimulus we would owe more money?

Long term? Yes. I don't expect you to understand it. You've demonstrated your intellectual capacity in the past and I'm quite certain the idea is above it. Hello?

If we had done nothing we would have had a short more severe recession followed by a vigorous recovery.

^This is just the kind of counterfactual talk-radio speak I've come to adore from you and other dittoheads.

 

[Mr.Nick]

Don't be fooled, alot of that stimulus went to kick backs of special interest groups that got Berry elected, and some went to line the pockets of those wishing to try and get re-elected in 2012. I bet if they had to show receipts for what they spent that money on they couldn't do it.

Hell yeah it did...

All the stimulus' were nothing but kickbacks to those who got Barry elected e.g; unions.

 

[RDD_1210]

Thats a very poor challenge to his statement. And using the racist term just makes you automatically lose, even if you might have a point.

I stopped trying to have discussions with Rabbi. He's an outright racist and probably legally insane. His posts are purely for entertainment value and not to be taken seriously.

Well Rabbi and I dont always agree, heck we were bickering about something just the other day, but that doen't mean he is racist, insane, and has no value in his opinion.

Ok im not defending other people anymore...i said my piece.

Oh I hear ya. Disagreeing with someone certainly doesn't make someone racist. But racists statements make someone racist, which is what Rabbi did.

He said about Michael Steele

"That's what happens when blacks run things"

Racist Rabbi

 

[Soggy in NOLA]

Thats a very poor challenge to his statement. And using the racist term just makes you automatically lose, even if you might have a point.

I stopped trying to have discussions with Rabbi. He's an outright racist and probably legally insane. His posts are purely for entertainment value and not to be taken seriously.

Well Rabbi and I dont always agree, heck we were bickering about something just the other day, but that doen't mean he is racist, insane, and has no value in his opinion.

Ok im not defending other people anymore...i said my piece.

When RDD runs out of steam, which usually only takes a few posts... then comes the name calling. He's probably not a bad person, but he's all over the map usually.

 

[8537]

Oh I see, they only affected the rich. Gotcha.

Who said they only affected the rich?

See your post above.

yes indeed! The stimulus included tax cuts for the rich.

I'm still waiting for someone to point out where i said the tax cuts were only for the rich.

I'll keep waiting.

 

[8537]

Don't be fooled, alot of that stimulus went to kick backs of special interest groups that got Berry elected, and some went to line the pockets of those wishing to try and get re-elected in 2012. I bet if they had to show receipts for what they spent that money on they couldn't do it.

Hell yeah it did...

All the stimulus' were nothing but kickbacks to those who got Barry elected e.g; unions.

You sent your tax cut back, did ya?