Keynesian Economics Does Not Work

[Billy000]

Obama s stimulus package 5 years later Dems defend Republicans ridicule - Washington Times
When are liberals going to understand that spending taxpayers money on public works projects is not the answer to our economy. These are short term boondoggles that go to Congressional districts where senior Democrats have the seat. Conservatives, however, must get off the income tax cut trip that they are on. We do not manufacture big ticket items in America anymore. If an individual gets a tax rebate and goes out and buys a washing machine, refrigerator, microwave, television, computer, etc. it stimulates the Chinese economy when factory orders go up. JFK's tax cut of 1962 was a success because orders went up for American factories due to the fact these big ticket consumer items were manufactured in the USA.

According to the CBO, his stimulus created almost 3 million jobs still existing today.

Obama s stimulus package 5 years later Dems defend Republicans ridicule - Washington Times
When are liberals going to understand that spending taxpayers money on public works projects is not the answer to our economy. These are short term boondoggles that go to Congressional districts where senior Democrats have the seat. Conservatives, however, must get off the income tax cut trip that they are on. We do not manufacture big ticket items in America anymore. If an individual gets a tax rebate and goes out and buys a washing machine, refrigerator, microwave, television, computer, etc. it stimulates the Chinese economy when factory orders go up. JFK's tax cut of 1962 was a success because orders went up for American factories due to the fact these big ticket consumer items were manufactured in the USA.

According to the CBO, his stimulus created almost 3 million jobs still existing today. It also rescued the economy. We were losing 500,000+ jobs a month. When the stimulus came to pass, that free fall began to level out and jobs began to gain.

Billy Triple Zero, that statement has been debunked about 100 times since you first started posting it. And yet you continue to mouth it. What gives? Are you stupid? BRainwashed?

Why do you even bother? You and I both know you have no idea what you are talking about. You don't give any stats of your own. To argue a point you know you can't win, you do random googling in hopes you can find sources that dispute what I say yet you never come up with anything relevant. It is so nauseating and pathetic. Get a life.

 

[Billy000]

You are

Obama s stimulus package 5 years later Dems defend Republicans ridicule - Washington Times
When are liberals going to understand that spending taxpayers money on public works projects is not the answer to our economy. These are short term boondoggles that go to Congressional districts where senior Democrats have the seat. Conservatives, however, must get off the income tax cut trip that they are on. We do not manufacture big ticket items in America anymore. If an individual gets a tax rebate and goes out and buys a washing machine, refrigerator, microwave, television, computer, etc. it stimulates the Chinese economy when factory orders go up. JFK's tax cut of 1962 was a success because orders went up for American factories due to the fact these big ticket consumer items were manufactured in the USA.

According to the CBO, his stimulus created almost 3 million jobs still existing today. It also rescued the economy. We were losing 500,000+ jobs a month. When the stimulus came to pass, that free fall began to level out and jobs began to gain.

Billy Triple Zero, that statement has been debunked about 100 times since you first started posting it. And yet you continue to mouth it. What gives? Are you stupid? BRainwashed?

Bullshit

Large image

You're right. The chart is bullshit.
CBO came to the figure they did by circular reasoning. They assumed gov't spending created jobs. Ergo they plugged in the amount of spending and came out with a jobs number. IT was completely made up. They state this i the paper they published on it.
The economy would have done much better, shown much higher growth without the stimulus.

You are such an idiot. The spending went to extending unemployment benefits and tax cuts, not job creation itself. The ext of unemployment and tax cutting is what created jobs.

 

[Bfgrn]

You fail to show there is gridlock anywhere. ANd you fail to show there is an economic cost that would be remedied in a cost effective way by govenrment spending. This is typical for you.
The stimulus was a failure. Even by the standards the adminsitration set it failed.

If you are trying to prove beyond a reasonable doubt that you really are THAT stupid, you get an A+

BUT, the American Society of Civil Engineers gives America's infrastructure a D+

ASCE 2013 Report Card for America s Infrastructure

Every family, every community and every business needs infrastructure to thrive. Infrastructure encompasses your local water main and the Hoover Dam; the power lines connected to your house and the electrical grid spanning the U.S.; and the street in front of your home and the national highway system.

Once every four years, America’s civil engineers provide a comprehensive assessment of the nation’s major infrastructure categories in ASCE’s Report Card for America’s Infrastructure (Report Card). Using a simple A to F school report card format, the Report Card provides a comprehensive assessment of current infrastructure conditions and needs, both assigning grades and making recommendations for how to raise the grades. An Advisory Council of ASCE members assigns the grades according to the following eight criteria: capacity, condition, funding, future need, operation and maintenance, public safety, resilience, and innovation. Since 1998, the grades have been near failing, averaging only Ds, due to delayed maintenance and underinvestment across most categories.

Now the 2013 Report Card grades are in, and America’s cumulative GPA for infrastructure rose slightly to a D+. The grades in 2013 ranged from a high of B- for solid waste to a low of D- for inland waterways and levees. Solid waste, drinking water, wastewater, roads, and bridges all saw incremental improvements, and rail jumped from a C- to a C+. No categories saw a decline in grade this year.

The 2013 Report Card demonstrates that we can improve the current condition of our nation’s infrastructure — when investments are made and projects move forward, the grades rise. For example, greater private investment for efficiency and connectivity brought improvements in the rail category; renewed efforts in cities and states helped address some of the nation’s most vulnerable bridges; and, several categories benefited from short-term boosts in federal funding.

We know that investing in infrastructure is essential to support healthy, vibrant communities. Infrastructure is also critical for long-term economic growth, increasing GDP, employment, household income, and exports. The reverse is also true – without prioritizing our nation’s infrastructure needs, deteriorating conditions can become a drag on the economy.

While the modest progress is encouraging, it is clear that we have a significant backlog of overdue maintenance across our infrastructure systems, a pressing need for modernization, and an immense opportunity to create reliable, long-term funding sources to avoid wiping out our recent gains. Overall, most grades fell below a C, and our cumulative GPA inched up just slightly to a D+ from a D four years ago.

 

[Bfgrn]

Decaying infrastructure costs U.S. billions each year, report says

As Congress debates how to meet the nation’s long-term transportation needs, decaying roads, bridges, railroads and transit systems are costing the United States $129 billion a year, according to a report issued Wednesday by a professional group whose members are responsible for designing and building such infrastructure.

Complex calculations done for the American Society of Civil Engineers indicate that infrastructure deficiencies add $97  billion a year to the cost of operating vehicles and result in travel delays that cost $32 billion.

“If investments in surface transportation infrastructure are not made soon, these costs are expected to grow exponentially,” the ASCE said. “Within 10 years, U.S. businesses would pay an added $430 billion in transportation costs, household incomes would fall by more than $7,000, and U.S. exports will fall by $28 billion.”

Deterioration of the U.S. transportation system has been likened to an iceberg, with just the tip of an enormous obstacle to economic growth showing above the surface. The ASCE report contends that infrastructure failure already is dramatically affecting travel and commerce.

It is the latest of several reports to predict dire consequences if the nation does not swiftly address the need to rebuild 60-year-old highway systems and rail lines often far older than that.

In May, a report by the Urban Land Institute warned that the United States is falling behind three emerging economic competitors: Brazil, China and India. The institute’s report put in global perspective an issue addressed last year by 80 experts led by former transportation secretaries Norman Y. Mineta and Samuel K. Skinner. That group concluded that as much as $262 billion a year must be spent on U.S. highways, rail networks and air transportation systems.

The ASCE report predicted that without infrastructure investment, 870,000 jobs would be lost and economic growth would be stifled to the tune of $3.1 trillion by 2020. To avert that, the report says, will require an investment of about $1.7  trillion by 2020. It estimated the gap between what is being spent and what needs to be spent at $94 billion a year.

“The link between a nation’s infrastructure and its economic competitiveness has always been understood,” said Kathy J. Caldwell, president of the ASCE. “But today, for the first time, we have data showing how much failing to invest in our surface transportation system can negatively impact job growth and family budgets.”

Thomas J. Donohue, president of the U.S. Chamber of Commerce, said the necessary spending was “not just transportation for transportation’s sake.”


“Without more robust economic growth, the U.S. will not create the 20 million jobs needed in the next decade to replace those lost during the recession and to keep up with a growing workforce,” he said.

Ultimately, Americans would get paid less, the ASCE report says. The economy would lose jobs, and the paychecks of those who are able to find work would be cut by nearly 30 percent.

The cost of a crumbling transportation system was described by Steven Landau of Boston’s Economic Development Research Group, which did the research for the ASCE.

“Business will have to divert increasing portions of earned income to pay for transportation delays and vehicle repairs, draining money that would otherwise be invested in innovation and expansion,” Landau said.

Washington Post

 

[The Rabbi]

Gee, if there was all that decaying infrastructure then why didnt the Stimulus repair at least some of it?
That's a fail. The items are still economically useful so repairing them would not add any value. The money would be spent and the stimulus effect short term.
Looks like you proved yourself wrong, as well as clueless. Congratulations!

 

[Billy000]

Gee, if there was all that decaying infrastructure then why didnt the Stimulus repair at least some of it?
That's a fail. The items are still economically useful so repairing them would not add any value. The money would be spent and the stimulus effect short term.
Looks like you proved yourself wrong, as well as clueless. Congratulations!

Gee, if there was all that decaying infrastructure then why didnt the Stimulus repair at least some of it?
That's a fail. The items are still economically useful so repairing them would not add any value. The money would be spent and the stimulus effect short term.
Looks like you proved yourself wrong, as well as clueless. Congratulations!

Billions was spent on infrastructure from the stimulus package. Unfortunately it was not nearly enough. Republicans on the other hand haven't done jack shit in this reguard.

 

[The Rabbi]

Gee, if there was all that decaying infrastructure then why didnt the Stimulus repair at least some of it?
That's a fail. The items are still economically useful so repairing them would not add any value. The money would be spent and the stimulus effect short term.
Looks like you proved yourself wrong, as well as clueless. Congratulations!

Gee, if there was all that decaying infrastructure then why didnt the Stimulus repair at least some of it?
That's a fail. The items are still economically useful so repairing them would not add any value. The money would be spent and the stimulus effect short term.
Looks like you proved yourself wrong, as well as clueless. Congratulations!

Billions was spent on infrastructure from the stimulus package. Unfortunately it was not nearly enough. Republicans on the other hand haven't done jack shit in this reguard.

Billions were wasted. Why was money spent on turtle bridges and skateboard parks when there are crumbling bridges in Ohio? Who made those decisions? It wasnt the GOP. They had no power in that period.

 

[Billy000]

Gee, if there was all that decaying infrastructure then why didnt the Stimulus repair at least some of it?
That's a fail. The items are still economically useful so repairing them would not add any value. The money would be spent and the stimulus effect short term.
Looks like you proved yourself wrong, as well as clueless. Congratulations!

Gee, if there was all that decaying infrastructure then why didnt the Stimulus repair at least some of it?
That's a fail. The items are still economically useful so repairing them would not add any value. The money would be spent and the stimulus effect short term.
Looks like you proved yourself wrong, as well as clueless. Congratulations!

Billions was spent on infrastructure from the stimulus package. Unfortunately it was not nearly enough. Republicans on the other hand haven't done jack shit in this reguard.

Billions were wasted. Why was money spent on turtle bridges and skateboard parks when there are crumbling bridges in Ohio? Who made those decisions? It wasnt the GOP. They had no power in that period.

Wrong again. Who saw that coming?

• “It included America’s biggest foray into industrial policy since FDR, the biggest expansion of anti-poverty initiatives since LBJ, the biggest middle-class tax cut since Ronald Reagan, and the biggest infusion of research money ever. It sent $8 billion into a new high-speed passenger rail network, the biggest new transportation initiative since the interstate highways, and another $7 billion to expand the country’s existing high-speed Internet network to underserved communities, a modern twist on the New Deal’s rural electrification.”
• “Experts had warned that 5 percent of the stimulus could be lost to fraud, but investigators have documented less than $10 million in losses—about 0.001 percent.”

Was the Obama Stimulus a Success or a Failure - NPQ - Nonprofit Quarterly

 

[The Rabbi]

Gee, if there was all that decaying infrastructure then why didnt the Stimulus repair at least some of it?
That's a fail. The items are still economically useful so repairing them would not add any value. The money would be spent and the stimulus effect short term.
Looks like you proved yourself wrong, as well as clueless. Congratulations!

Gee, if there was all that decaying infrastructure then why didnt the Stimulus repair at least some of it?
That's a fail. The items are still economically useful so repairing them would not add any value. The money would be spent and the stimulus effect short term.
Looks like you proved yourself wrong, as well as clueless. Congratulations!

Billions was spent on infrastructure from the stimulus package. Unfortunately it was not nearly enough. Republicans on the other hand haven't done jack shit in this reguard.

Billions were wasted. Why was money spent on turtle bridges and skateboard parks when there are crumbling bridges in Ohio? Who made those decisions? It wasnt the GOP. They had no power in that period.

Wrong again. Who saw that coming?

• “It included America’s biggest foray into industrial policy since FDR, the biggest expansion of anti-poverty initiatives since LBJ, the biggest middle-class tax cut since Ronald Reagan, and the biggest infusion of research money ever. It sent $8 billion into a new high-speed passenger rail network, the biggest new transportation initiative since the interstate highways, and another $7 billion to expand the country’s existing high-speed Internet network to underserved communities, a modern twist on the New Deal’s rural electrification.”
• “Experts had warned that 5 percent of the stimulus could be lost to fraud, but investigators have documented less than $10 million in losses—about 0.001 percent.”

Was the Obama Stimulus a Success or a Failure - NPQ - Nonprofit Quarterly

1) That wasnt responsive to what I wrote. If bridges are crumbling on Ohio why did we fund turtle parks?
2) There was no tax cut. There were targeted tax breaks like cash for clunkers that were complete policy failures.
3) 10B in loss? Try 5 times that amount.
Billions In Stimulus Funds Wasted - Judicial Watch

 

[Billy000]

Gee, if there was all that decaying infrastructure then why didnt the Stimulus repair at least some of it?
That's a fail. The items are still economically useful so repairing them would not add any value. The money would be spent and the stimulus effect short term.
Looks like you proved yourself wrong, as well as clueless. Congratulations!

Gee, if there was all that decaying infrastructure then why didnt the Stimulus repair at least some of it?
That's a fail. The items are still economically useful so repairing them would not add any value. The money would be spent and the stimulus effect short term.
Looks like you proved yourself wrong, as well as clueless. Congratulations!

Billions was spent on infrastructure from the stimulus package. Unfortunately it was not nearly enough. Republicans on the other hand haven't done jack shit in this reguard.

Billions were wasted. Why was money spent on turtle bridges and skateboard parks when there are crumbling bridges in Ohio? Who made those decisions? It wasnt the GOP. They had no power in that period.

Wrong again. Who saw that coming?

• “It included America’s biggest foray into industrial policy since FDR, the biggest expansion of anti-poverty initiatives since LBJ, the biggest middle-class tax cut since Ronald Reagan, and the biggest infusion of research money ever. It sent $8 billion into a new high-speed passenger rail network, the biggest new transportation initiative since the interstate highways, and another $7 billion to expand the country’s existing high-speed Internet network to underserved communities, a modern twist on the New Deal’s rural electrification.”
• “Experts had warned that 5 percent of the stimulus could be lost to fraud, but investigators have documented less than $10 million in losses—about 0.001 percent.”

Was the Obama Stimulus a Success or a Failure - NPQ - Nonprofit Quarterly

1) That wasnt responsive to what I wrote. If bridges are crumbling on Ohio why did we fund turtle parks?
2) There was no tax cut. There were targeted tax breaks like cash for clunkers that were complete policy failures.
3) 10B in loss? Try 5 times that amount.
Billions In Stimulus Funds Wasted - Judicial Watch

Lol only you would post a source with a conservative bias citing a report made by a republican. It gives a 5.5 billion of "wasteful spending" stat yet only gives examples that all costed thousands to a couple of million. It says nothing about fraud you Dumbshit. Oh and it's not 10 billion in fraud, it's 10 million.

 

[The Rabbi]

Gee, if there was all that decaying infrastructure then why didnt the Stimulus repair at least some of it?
That's a fail. The items are still economically useful so repairing them would not add any value. The money would be spent and the stimulus effect short term.
Looks like you proved yourself wrong, as well as clueless. Congratulations!

Gee, if there was all that decaying infrastructure then why didnt the Stimulus repair at least some of it?
That's a fail. The items are still economically useful so repairing them would not add any value. The money would be spent and the stimulus effect short term.
Looks like you proved yourself wrong, as well as clueless. Congratulations!

Billions was spent on infrastructure from the stimulus package. Unfortunately it was not nearly enough. Republicans on the other hand haven't done jack shit in this reguard.

Billions were wasted. Why was money spent on turtle bridges and skateboard parks when there are crumbling bridges in Ohio? Who made those decisions? It wasnt the GOP. They had no power in that period.

Wrong again. Who saw that coming?

• “It included America’s biggest foray into industrial policy since FDR, the biggest expansion of anti-poverty initiatives since LBJ, the biggest middle-class tax cut since Ronald Reagan, and the biggest infusion of research money ever. It sent $8 billion into a new high-speed passenger rail network, the biggest new transportation initiative since the interstate highways, and another $7 billion to expand the country’s existing high-speed Internet network to underserved communities, a modern twist on the New Deal’s rural electrification.”
• “Experts had warned that 5 percent of the stimulus could be lost to fraud, but investigators have documented less than $10 million in losses—about 0.001 percent.”

Was the Obama Stimulus a Success or a Failure - NPQ - Nonprofit Quarterly

1) That wasnt responsive to what I wrote. If bridges are crumbling on Ohio why did we fund turtle parks?
2) There was no tax cut. There were targeted tax breaks like cash for clunkers that were complete policy failures.
3) 10B in loss? Try 5 times that amount.
Billions In Stimulus Funds Wasted - Judicial Watch

Lol only you would post a source with a conservative bias citing a report made by a republican. It gives a 5.5 billion of "wasteful spending" stat yet only gives examples that all costed thousands to a couple of million. It says nothing about fraud you Dumbshit. Oh and it's not 10 billion in fraud, it's 10 million.

As usual you confuse waste with fraud. If every dollar gets spent to build a turtle bridge, there may not be any fraud but its still a waste.
You quote "Non profit quarterly" and accuse me of using biased sources? Billy, dont be a zero.

 

[Billy000]

Gee, if there was all that decaying infrastructure then why didnt the Stimulus repair at least some of it?
That's a fail. The items are still economically useful so repairing them would not add any value. The money would be spent and the stimulus effect short term.
Looks like you proved yourself wrong, as well as clueless. Congratulations!

Gee, if there was all that decaying infrastructure then why didnt the Stimulus repair at least some of it?
That's a fail. The items are still economically useful so repairing them would not add any value. The money would be spent and the stimulus effect short term.
Looks like you proved yourself wrong, as well as clueless. Congratulations!

Billions was spent on infrastructure from the stimulus package. Unfortunately it was not nearly enough. Republicans on the other hand haven't done jack shit in this reguard.

Billions were wasted. Why was money spent on turtle bridges and skateboard parks when there are crumbling bridges in Ohio? Who made those decisions? It wasnt the GOP. They had no power in that period.

Wrong again. Who saw that coming?

• “It included America’s biggest foray into industrial policy since FDR, the biggest expansion of anti-poverty initiatives since LBJ, the biggest middle-class tax cut since Ronald Reagan, and the biggest infusion of research money ever. It sent $8 billion into a new high-speed passenger rail network, the biggest new transportation initiative since the interstate highways, and another $7 billion to expand the country’s existing high-speed Internet network to underserved communities, a modern twist on the New Deal’s rural electrification.”
• “Experts had warned that 5 percent of the stimulus could be lost to fraud, but investigators have documented less than $10 million in losses—about 0.001 percent.”

Was the Obama Stimulus a Success or a Failure - NPQ - Nonprofit Quarterly

1) That wasnt responsive to what I wrote. If bridges are crumbling on Ohio why did we fund turtle parks?
2) There was no tax cut. There were targeted tax breaks like cash for clunkers that were complete policy failures.
3) 10B in loss? Try 5 times that amount.
Billions In Stimulus Funds Wasted - Judicial Watch

Lol only you would post a source with a conservative bias citing a report made by a republican. It gives a 5.5 billion of "wasteful spending" stat yet only gives examples that all costed thousands to a couple of million. It says nothing about fraud you Dumbshit. Oh and it's not 10 billion in fraud, it's 10 million.

As usual you confuse waste with fraud. If every dollar gets spent to build a turtle bridge, there may not be any fraud but its still a waste.
You quote "Non profit quarterly" and accuse me of using biased sources? Billy, dont be a zero.

Do you even know what fraud means? Don't you see how ridiculous you sound when you say the entire stimulus was a waste yet can only give a single example which is a fucking turtle bridge?

 

[Oldstyle]

Obama s stimulus package 5 years later Dems defend Republicans ridicule - Washington Times
When are liberals going to understand that spending taxpayers money on public works projects is not the answer to our economy. These are short term boondoggles that go to Congressional districts where senior Democrats have the seat. Conservatives, however, must get off the income tax cut trip that they are on. We do not manufacture big ticket items in America anymore. If an individual gets a tax rebate and goes out and buys a washing machine, refrigerator, microwave, television, computer, etc. it stimulates the Chinese economy when factory orders go up. JFK's tax cut of 1962 was a success because orders went up for American factories due to the fact these big ticket consumer items were manufactured in the USA.

According to the CBO, his stimulus created almost 3 million jobs still existing today. It also rescued the economy. We were losing 500,000+ jobs a month. When the stimulus came to pass, that free fall began to level out and jobs began to gain.

Come on Billy, that claim is nonsense! TARP had more to do with rescuing the economy than the first Obama Stimulus did. The fact is that when the stimulus came to pass unemployment kept going up...topping out at over 10%. The stimulus that was managed by Harry Reid and Nancy Pelosi turned into payola for liberal groups that supported Democrats. It was such a bad job creator that the Administration had to come up with a new economic statistic "jobs created or saved" to hide how few jobs they actually DID create for the nearly trillion dollars it cost the country. When Barry tried to get a second stimulus through Congress that was basically a watered down version of the first stimulus...he couldn't even get Democrats to vote for it. THAT is how badly those three idiots handled a stimulus program!

 

[The Rabbi]

Gee, if there was all that decaying infrastructure then why didnt the Stimulus repair at least some of it?
That's a fail. The items are still economically useful so repairing them would not add any value. The money would be spent and the stimulus effect short term.
Looks like you proved yourself wrong, as well as clueless. Congratulations!

Gee, if there was all that decaying infrastructure then why didnt the Stimulus repair at least some of it?
That's a fail. The items are still economically useful so repairing them would not add any value. The money would be spent and the stimulus effect short term.
Looks like you proved yourself wrong, as well as clueless. Congratulations!

Billions was spent on infrastructure from the stimulus package. Unfortunately it was not nearly enough. Republicans on the other hand haven't done jack shit in this reguard.

Billions were wasted. Why was money spent on turtle bridges and skateboard parks when there are crumbling bridges in Ohio? Who made those decisions? It wasnt the GOP. They had no power in that period.

Wrong again. Who saw that coming?

• “It included America’s biggest foray into industrial policy since FDR, the biggest expansion of anti-poverty initiatives since LBJ, the biggest middle-class tax cut since Ronald Reagan, and the biggest infusion of research money ever. It sent $8 billion into a new high-speed passenger rail network, the biggest new transportation initiative since the interstate highways, and another $7 billion to expand the country’s existing high-speed Internet network to underserved communities, a modern twist on the New Deal’s rural electrification.”
• “Experts had warned that 5 percent of the stimulus could be lost to fraud, but investigators have documented less than $10 million in losses—about 0.001 percent.”

Was the Obama Stimulus a Success or a Failure - NPQ - Nonprofit Quarterly

1) That wasnt responsive to what I wrote. If bridges are crumbling on Ohio why did we fund turtle parks?
2) There was no tax cut. There were targeted tax breaks like cash for clunkers that were complete policy failures.
3) 10B in loss? Try 5 times that amount.
Billions In Stimulus Funds Wasted - Judicial Watch

Lol only you would post a source with a conservative bias citing a report made by a republican. It gives a 5.5 billion of "wasteful spending" stat yet only gives examples that all costed thousands to a couple of million. It says nothing about fraud you Dumbshit. Oh and it's not 10 billion in fraud, it's 10 million.

As usual you confuse waste with fraud. If every dollar gets spent to build a turtle bridge, there may not be any fraud but its still a waste.
You quote "Non profit quarterly" and accuse me of using biased sources? Billy, dont be a zero.

Do you even know what fraud means? Don't you see how ridiculous you sound when you say the entire stimulus was a waste yet can only give a single example which is a fucking turtle bridge?

I gave an article that cited probably pages of wasteful spending.
As for the CBO go read their report. It's right there in black and white. They assumed governemnt spending of X created Y number of jobs and just plugged numbers in. There is no proof beyodn that. It is there in their report.

 

[Billy000]

Obama s stimulus package 5 years later Dems defend Republicans ridicule - Washington Times
When are liberals going to understand that spending taxpayers money on public works projects is not the answer to our economy. These are short term boondoggles that go to Congressional districts where senior Democrats have the seat. Conservatives, however, must get off the income tax cut trip that they are on. We do not manufacture big ticket items in America anymore. If an individual gets a tax rebate and goes out and buys a washing machine, refrigerator, microwave, television, computer, etc. it stimulates the Chinese economy when factory orders go up. JFK's tax cut of 1962 was a success because orders went up for American factories due to the fact these big ticket consumer items were manufactured in the USA.

According to the CBO, his stimulus created almost 3 million jobs still existing today. It also rescued the economy. We were losing 500,000+ jobs a month. When the stimulus came to pass, that free fall began to level out and jobs began to gain.

Come on Billy, that claim is nonsense! TARP had more to do with rescuing the economy than the first Obama Stimulus did. The fact is that when the stimulus came to pass unemployment kept going up...topping out at over 10%. The stimulus that was managed by Harry Reid and Nancy Pelosi turned into payola for liberal groups that supported Democrats. It was such a bad job creator that the Administration had to come up with a new economic statistic "jobs created or saved" to hide how few jobs they actually DID create for the nearly trillion dollars it cost the country. When Barry tried to get a second stimulus through Congress that was basically a watered down version of the first stimulus...he couldn't even get Democrats to vote for it. THAT is how badly those three idiots handled a stimulus program!

1) The stimulus saved the economy. We were losing 500,000 + jobs a month until the stimulus came to pass. Within a few months that massive job loss rate began to level off and CREATE jobs. Yes, the stimulus' overall effect on the economy was slight but it still created close to 3 million jobs (according to the CBO). We lost a total of 8 million jobs. That is why the unemployment rate continued to go up.

2) Again, none of you seem to have a clue what was even in the stimulus. Extending unemployment benefits, large tax cuts; investment in science, infrastructure, and energy is what was in the stimulus.

3) The "jobs created or saved" speak originated from the CBO. Obama cited it. If you understood how the stimulus worked, you would understand the phrase. I can easily explain it to you.

4) Bush's tax cuts cost more than the stimulus did.

 

[Billy000]

It said

Gee, if there was all that decaying infrastructure then why didnt the Stimulus repair at least some of it?
That's a fail. The items are still economically useful so repairing them would not add any value. The money would be spent and the stimulus effect short term.
Looks like you proved yourself wrong, as well as clueless. Congratulations!

Gee, if there was all that decaying infrastructure then why didnt the Stimulus repair at least some of it?
That's a fail. The items are still economically useful so repairing them would not add any value. The money would be spent and the stimulus effect short term.
Looks like you proved yourself wrong, as well as clueless. Congratulations!

Billions was spent on infrastructure from the stimulus package. Unfortunately it was not nearly enough. Republicans on the other hand haven't done jack shit in this reguard.

Billions were wasted. Why was money spent on turtle bridges and skateboard parks when there are crumbling bridges in Ohio? Who made those decisions? It wasnt the GOP. They had no power in that period.

Wrong again. Who saw that coming?

• “It included America’s biggest foray into industrial policy since FDR, the biggest expansion of anti-poverty initiatives since LBJ, the biggest middle-class tax cut since Ronald Reagan, and the biggest infusion of research money ever. It sent $8 billion into a new high-speed passenger rail network, the biggest new transportation initiative since the interstate highways, and another $7 billion to expand the country’s existing high-speed Internet network to underserved communities, a modern twist on the New Deal’s rural electrification.”
• “Experts had warned that 5 percent of the stimulus could be lost to fraud, but investigators have documented less than $10 million in losses—about 0.001 percent.”

Was the Obama Stimulus a Success or a Failure - NPQ - Nonprofit Quarterly

1) That wasnt responsive to what I wrote. If bridges are crumbling on Ohio why did we fund turtle parks?
2) There was no tax cut. There were targeted tax breaks like cash for clunkers that were complete policy failures.
3) 10B in loss? Try 5 times that amount.
Billions In Stimulus Funds Wasted - Judicial Watch

Lol only you would post a source with a conservative bias citing a report made by a republican. It gives a 5.5 billion of "wasteful spending" stat yet only gives examples that all costed thousands to a couple of million. It says nothing about fraud you Dumbshit. Oh and it's not 10 billion in fraud, it's 10 million.

As usual you confuse waste with fraud. If every dollar gets spent to build a turtle bridge, there may not be any fraud but its still a waste.
You quote "Non profit quarterly" and accuse me of using biased sources? Billy, dont be a zero.

Do you even know what fraud means? Don't you see how ridiculous you sound when you say the entire stimulus was a waste yet can only give a single example which is a fucking turtle bridge?

I gave an article that cited probably pages of wasteful spending.
As for the CBO go read their report. It's right there in black and white. They assumed governemnt spending of X created Y number of jobs and just plugged numbers in. There is no proof beyodn that. It is there in their report.

It said 5.5 billion yet couldn't even define what waste meant. It was written by a goddamn republican which means he cited certain expenditures that he personally thought were wasteful. Not only that but he likely made shit up or exaggerated a lot of it. It is BIASED. How would you feel if I cited a positive report written by a dem on the stimulus? You wouldn't take it seriously now would you? The same logic applies.

 

[Bush92]

Most economist agree that stimulus was a massive failure. It was.

 

[Billy000]

Most economist agree that stimulus was a massive failure. It was.

The stimulus was a political failure in that it didn't fix the economy. It did however save us from another Great Depression. It created almost 3 million jobs. It worked, it just didn't work as well it needed to.

 

[Oldstyle]

Obama s stimulus package 5 years later Dems defend Republicans ridicule - Washington Times
When are liberals going to understand that spending taxpayers money on public works projects is not the answer to our economy. These are short term boondoggles that go to Congressional districts where senior Democrats have the seat. Conservatives, however, must get off the income tax cut trip that they are on. We do not manufacture big ticket items in America anymore. If an individual gets a tax rebate and goes out and buys a washing machine, refrigerator, microwave, television, computer, etc. it stimulates the Chinese economy when factory orders go up. JFK's tax cut of 1962 was a success because orders went up for American factories due to the fact these big ticket consumer items were manufactured in the USA.

According to the CBO, his stimulus created almost 3 million jobs still existing today. It also rescued the economy. We were losing 500,000+ jobs a month. When the stimulus came to pass, that free fall began to level out and jobs began to gain.

Come on Billy, that claim is nonsense! TARP had more to do with rescuing the economy than the first Obama Stimulus did. The fact is that when the stimulus came to pass unemployment kept going up...topping out at over 10%. The stimulus that was managed by Harry Reid and Nancy Pelosi turned into payola for liberal groups that supported Democrats. It was such a bad job creator that the Administration had to come up with a new economic statistic "jobs created or saved" to hide how few jobs they actually DID create for the nearly trillion dollars it cost the country. When Barry tried to get a second stimulus through Congress that was basically a watered down version of the first stimulus...he couldn't even get Democrats to vote for it. THAT is how badly those three idiots handled a stimulus program!

1) The stimulus saved the economy. We were losing 500,000 + jobs a month until the stimulus came to pass. Within a few months that massive job loss rate began to level off and CREATE jobs. Yes, the stimulus' overall effect on the economy was slight but it still created close to 3 million jobs (according to the CBO). We lost a total of 8 million jobs. That is why the unemployment rate continued to go up.

2) Again, none of you seem to have a clue what was even in the stimulus. Extending unemployment benefits, large tax cuts; investment in science, infrastructure, and energy is what was in the stimulus.

3) The "jobs created or saved" speak originated from the CBO. Obama cited it. If you understood how the stimulus worked, you would understand the phrase. I can easily explain it to you.

4) Bush's tax cuts cost more than the stimulus did.

If the stimulus really "saved" the economy, Billy...why couldn't Obama get Democrats to vote for the second stimulus that was basically a smaller version of the first? The answer to that is OBVIOUS to anyone who isn't a blinders wearing Obama supporter...they didn't support a repeat of the first stimulus BECAUSE the first one didn't work and they didn't want to get thrown out of office for wasting billions more of the taxpayers money on "shovel ready" jobs that never materialized or "green energy" boondoggles like Solyndra!

The CBO doesn't "originate" anything, Billy! They take data that they are given and make predictions on how different legislation will perform. The term jobs created or saved came from the Obama Administration when they saw how few jobs they were creating despite spending billions and billions of dollars.

As for the Bush tax cuts "costing" more than the stimulus? How exactly does letting Americans keep more of the money that they have earned "cost" them more? The logic of that claim is so convoluted that only a progressive could say it with a straight face.

 

[Billy000]

Obama s stimulus package 5 years later Dems defend Republicans ridicule - Washington Times
When are liberals going to understand that spending taxpayers money on public works projects is not the answer to our economy. These are short term boondoggles that go to Congressional districts where senior Democrats have the seat. Conservatives, however, must get off the income tax cut trip that they are on. We do not manufacture big ticket items in America anymore. If an individual gets a tax rebate and goes out and buys a washing machine, refrigerator, microwave, television, computer, etc. it stimulates the Chinese economy when factory orders go up. JFK's tax cut of 1962 was a success because orders went up for American factories due to the fact these big ticket consumer items were manufactured in the USA.

According to the CBO, his stimulus created almost 3 million jobs still existing today. It also rescued the economy. We were losing 500,000+ jobs a month. When the stimulus came to pass, that free fall began to level out and jobs began to gain.

Come on Billy, that claim is nonsense! TARP had more to do with rescuing the economy than the first Obama Stimulus did. The fact is that when the stimulus came to pass unemployment kept going up...topping out at over 10%. The stimulus that was managed by Harry Reid and Nancy Pelosi turned into payola for liberal groups that supported Democrats. It was such a bad job creator that the Administration had to come up with a new economic statistic "jobs created or saved" to hide how few jobs they actually DID create for the nearly trillion dollars it cost the country. When Barry tried to get a second stimulus through Congress that was basically a watered down version of the first stimulus...he couldn't even get Democrats to vote for it. THAT is how badly those three idiots handled a stimulus program!

1) The stimulus saved the economy. We were losing 500,000 + jobs a month until the stimulus came to pass. Within a few months that massive job loss rate began to level off and CREATE jobs. Yes, the stimulus' overall effect on the economy was slight but it still created close to 3 million jobs (according to the CBO). We lost a total of 8 million jobs. That is why the unemployment rate continued to go up.

2) Again, none of you seem to have a clue what was even in the stimulus. Extending unemployment benefits, large tax cuts; investment in science, infrastructure, and energy is what was in the stimulus.

3) The "jobs created or saved" speak originated from the CBO. Obama cited it. If you understood how the stimulus worked, you would understand the phrase. I can easily explain it to you.

4) Bush's tax cuts cost more than the stimulus did.

If the stimulus really "saved" the economy, Billy...why couldn't Obama get Democrats to vote for the second stimulus that was basically a smaller version of the first? The answer to that is OBVIOUS to anyone who isn't a blinders wearing Obama supporter...they didn't support a repeat of the first stimulus BECAUSE the first one didn't work and they didn't want to get thrown out of office for wasting billions more of the taxpayers money on "shovel ready" jobs that never materialized or "green energy" boondoggles like Solyndra!

The CBO doesn't "originate" anything, Billy! They take data that they are given and make predictions on how different legislation will perform. The term jobs created or saved came from the Obama Administration when they saw how few jobs they were creating despite spending billions and billions of dollars.

As for the Bush tax cuts "costing" more than the stimulus? How exactly does letting Americans keep more of the money that they have earned "cost" them more? The logic of that claim is so convoluted that only a progressive could say it with a straight face.

Don't you see how ridiculous it is that you can't back up anything you say with facts? I can back up everything I say with unbiased sources. You can't.

It astounds me how you people lack a basic understanding of tax cuts. Every dollar lost in revenue is one more dollar the gov must borrow for government spending. Revenue is what pays the bills. How do you people not get that?