Myth Debunked: Obama Stimulus Failed

Discussion in 'Politics' started by Dante, Jun 27, 2012.

  1. Dante
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    Dante On leave Supporting Member

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    Myth Debunked: Obama Stimulus Failed

    4. Obama’s stimulus failed.

    This has become a GOP talking point, repeated by everyone from John Boehner to Karl Rove to Romney. It isn’t true.

    Objecting to various provisions of the stimulus or believing that it worsened the deficit isn’t the same as deeming it a failure. When the Obama administration was little more than a year old, three of the best-known economic research firms — IHS Global Insight, Macroeconomic Advisers and Moody’s Economy — all said the stimulus, which almost every Republican in Congress opposed, would create more than 2.5 million jobs. Last August, the nonpartisan Congressional Budget Office estimated that the stimulus package created between 1.4 and 4 million jobs. Even Mark Zandi, one of McCain’s economic advisers in 2008, has called the stimulus “a significant benefit to the economy’s performance.”

    Five myths about Barack Obama - The Washington Post
     
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  2. Rozman
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    Rozman Gold Member Supporting Member

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    I have had this conversation before about this.
    Can we narrow the gap a bit more here.

    Did it create
    1 million or
    4 million...

    Until someone does that these numbers are meaningless...
    How can you guys post this.
    You stick out your chest like you have this smoking gun evidence to shut the right up
    and you have a spread like that...

    Well it could be 1 million
    or let me see.....maybe it was 4 million...

    Yeh that's it that's the ticket...

    Pretty weak.
     
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  3. OODA_Loop
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    OODA_Loop Account Terminated

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    Don't believe it.

    Credibilty has left the station.
     
  4. Warrior102
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    Warrior102 Gold Member

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    Obama - great success!!!

    30 million people out of work approve.

    Idiot.
     
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  5. code1211
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    code1211 Senior Member

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    Oh, man! now I get it! just because there are 3 and half million fewer jobs today than there were 4 years ago, there's nothing to worry about because some research group has concluded that between 1.4 million and 4 million jobs?

    Are you kidding me with that research? 1.4 to 4 million? Why not just say a whole bunch?

    Convince the college graduates who can't find jobs, the underemployed and the business owners who watched their life's work go down the drain.

    Good luck.
     
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  6. asaratis
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    asaratis Uppity Senior Citizen Gold Supporting Member Supporting Member

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    Since high school, I have lost over a thousand pounds! Of course I have gained more than I lost, so it's really not a good thing...it just sounds good.

    To answer your question...Obama has created or saved 4,279,328 jobs. He has lost 27,395,456 jobs. The second figure is never mentioned by the admin.:eek:
     
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  7. BDBoop
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    BDBoop BANNED

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    If they can't hear, they can't hear - they can't hear, they can't hear.

    The stimulus didn't fail, but they'd rather die than own THAT.
     
  8. OODA_Loop
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    Not enough tangible ROI for the ham and eggers of the nation.
     
  9. Dante
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    Dante On leave Supporting Member

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    estimates. btw, creating jobs is what the stimulus has done. myth debunked
     
  10. Dante
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    Dante On leave Supporting Member

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    1) three of the best-known economic research firms — IHS Global Insight, Macroeconomic Advisers and Moody’s Economy — all said the stimulus, which almost every Republican in Congress opposed, would create more than 2.5 million jobs.

    2) the nonpartisan Congressional Budget Office estimated that the stimulus package created between 1.4 and 4 million jobs.

    3) Mark Zandi, one of McCain’s economic advisers in 2008, has called the stimulus “a significant benefit to the economy’s performance.”

    Myth debunked

    http://www.washingtonpost.com/opini...barack-obama/2012/01/17/gIQA6ykZDQ_print.html
     
    Last edited: Jun 27, 2012

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