Myth Debunked: Obama Stimulus Failed

[Dr Grump]

It has been a failure of epic proportions. Here, chew on some facts:

(CNSNews.com) – The Obama administration distributed $9 billion in economic “stimulus” funds to solar and wind projects in 2009-11 that created, as the end result, 910 “direct” jobs -- annual operation and maintenance positions -- meaning that it cost about $9.8 million to establish each of those long-term jobs.

If you believe spending $9.9 million for each job you create to be a "success", well, you really need to seek professional mental health experts.

$9 Billion in

Give me $9.8 million and I'll establish a retirement fund.

Give me $9 billion and I'll create 10,000 jobs immediately and 100,000 jobs within 5 years. But then, I'm not an ideologic community organizer who believes that everyone wins with Communism/Marxism/Socialism.

We know. You're a loon who hasn't got a clue....

 

[Procrustes Stretched]

Hilarious. As the white house themselves admitted it was.

Failed to meet it's goal is NOT a refutation of the myth debunked. The stimulus created jobs

Well duh! If you spend $1 trillion, of course it's going to create SOME jobs. The issue is, whether unconstitutionally spending $1 trillion that we don't have gave us the proper ROI (for you idiot liberals, that's Return On Investment). And the answer was a resounding NO! Unemployment exceeded 10% after he enacted the stimulus and promised it would prevent unemployment from ever hitting 8% (can you say epic failure?).

No to mention, for every job it "created" (most of which were temporary, so did it really "create" the job?), it probably lost 3 or 4 by creating panic in the private market that the US was approaching ungodly, unsustainable debt to the tune of $15 trillion. That debt threatens are national security as we have to cut defense and it causes businesses to stop expanding and growing as they try to save for the collapse that is a very legitimate concern (see Greece, Spain, England, etc.).

History has proven that if government cuts taxes and loosens restrictions, the economy booms. Barack Obama has done the exact opposite, and we've gotten nothing but a long, painful, continued failure in the economy. When people see a government out to punish success, they stop trying to be successful and they 'batten down the hatches' to whether the storm. Sadly, liberals have no common sense, no rational thought (everything is based on feelings), and zero understanding of economics - so they continue to sink the American economy.

Did the Stimulus Create Jobs?
Yes, the stimulus legislation increased employment, despite false Republican claims to the contrary. Posted on September 27, 2010

FactCheck.org : Did the Stimulus Create Jobs?

 

[Procrustes Stretched]

Only if you change the Goal Posts did it not Fail.

It utterly Failed to Do what Obama said it would do. Did it save us from Worse problems, I wont argue with that, It did. in the Short run anyways. However you have to be extremely Dishonest to say it did not fail to do what Obama said it would do.

I mean come on. He talked it up pretty good, and it did not deliver anywhere near what he claimed.

That is Failure.

yes.....yes...yes....

The myth being debunked isn't a game of catch me if you can.

The myth is that the stimulus failed. It did not

You keep saying that the Failed Stimulus did not fail and yet you have failed to prove your assertion.

Maybe you just don't understand what failure is.

Did the Stimulus Create Jobs?
Yes, the stimulus legislation increased employment, despite false Republican claims to the contrary.
Posted on September 27, 2010

FactCheck.org : Did the Stimulus Create Jobs?

 

[Toddsterpatriot]

Failed to meet it's goal is NOT a refutation of the myth debunked. The stimulus created jobs

Well duh! If you spend $1 trillion, of course it's going to create SOME jobs. The issue is, whether unconstitutionally spending $1 trillion that we don't have gave us the proper ROI (for you idiot liberals, that's Return On Investment). And the answer was a resounding NO! Unemployment exceeded 10% after he enacted the stimulus and promised it would prevent unemployment from ever hitting 8% (can you say epic failure?).

No to mention, for every job it "created" (most of which were temporary, so did it really "create" the job?), it probably lost 3 or 4 by creating panic in the private market that the US was approaching ungodly, unsustainable debt to the tune of $15 trillion. That debt threatens are national security as we have to cut defense and it causes businesses to stop expanding and growing as they try to save for the collapse that is a very legitimate concern (see Greece, Spain, England, etc.).

History has proven that if government cuts taxes and loosens restrictions, the economy booms. Barack Obama has done the exact opposite, and we've gotten nothing but a long, painful, continued failure in the economy. When people see a government out to punish success, they stop trying to be successful and they 'batten down the hatches' to whether the storm. Sadly, liberals have no common sense, no rational thought (everything is based on feelings), and zero understanding of economics - so they continue to sink the American economy.

Did the Stimulus Create Jobs?
Yes, the stimulus legislation increased employment, despite false Republican claims to the contrary. Posted on September 27, 2010

FactCheck.org : Did the Stimulus Create Jobs?

The truth is that the stimulus increased employment by between 1.4 million and 3.3 million people, compared with what employment would have been otherwise. That’s according to the nonpartisan Congressional Budget Office.

Hmmmm.....I heard the stimulus cost $787 billion.
If it created 3.3 million jobs......
787,000,000,000/3,300,000 = $238,484.85 per job.
Even if we take the best case for the imaginary jobs created, is that supposed to be a good investment?
Liberal math is funny and sad at the same time.

And we still have fewer jobs in America than the day he took office.
And more than $5 trillion in additional debt.

 

[buckeye45_73]

yes.....yes...yes....

The myth being debunked isn't a game of catch me if you can.

The myth is that the stimulus failed. It did not

You keep saying that the Failed Stimulus did not fail and yet you have failed to prove your assertion.

Maybe you just don't understand what failure is.

Did the Stimulus Create Jobs?
Yes, the stimulus legislation increased employment, despite false Republican claims to the contrary.
Posted on September 27, 2010

FactCheck.org : Did the Stimulus Create Jobs?

Sorry bro it didnt do squat, private sector could have created jobs for much much less money, IF we encouraged business and got rid of stupid regulation.

 

[Lovebears65]

Obama promised if we did the stimulus that unemployment would not go over 8 percent. It has been over 8 percent for how long now and still counting.. Where are all those shovel ready jobs.. Oh yeah, they did not have any giggle (obama laughing) ..

 

[rightwinger]

Obama promised if we did the stimulus that unemployment would not go over 8 percent. It has been over 8 percent for how long now and still counting.. Where are all those shovel ready jobs.. Oh yeah, they did not have any giggle (obama laughing) ..

Obama Projected that if Stimulus passed immediately, we could keep unemployment under 8 percent. Given that the Republicans stonewalled while we were losing 770,000 jobs a month, Unemployment was already over eight percent by the time Stimulus passed

The idea was to give money to the states for shovel ready projects. Some states came up with them, some didn't

Either way, Obama saved a depression

 

[Procrustes Stretched]

Obama promised if we did the stimulus that unemployment would not go over 8 percent. It has been over 8 percent for how long now and still counting.. Where are all those shovel ready jobs.. Oh yeah, they did not have any giggle (obama laughing) ..

Obama Projected that if Stimulus passed immediately, we could keep unemployment under 8 percent. Given that the Republicans stonewalled while we were losing 770,000 jobs a month, Unemployment was already over eight percent by the time Stimulus passed

The idea was to give money to the states for shovel ready projects. Some states came up with them, some didn't

Either way, Obama saved a depression

Be honest, Obama promised Peace on Earth, Goodwill to All Men, Women, Transgendered, Illegals, Africans, Marxists...

He lied!!! He lied!!!!

 

[ConservaDerrps]

Obama promised me a new red wagon! WHERE'S MY RED WAGON, OBUMMER!

Kenya!
It's a tax!
Classical Liberalism!
Marxists!
Statists!
Kenya!
Obummer!
Messiah!
Don't Tread On Me!
Traditional Values!
It's a Tax!
Kenya!
Liar!
Fast & Furious!
Abortion is murder!
Kenya!

Man Conservatives love the sound of their own bitching.

 

[Toddsterpatriot]

Obama promised if we did the stimulus that unemployment would not go over 8 percent. It has been over 8 percent for how long now and still counting.. Where are all those shovel ready jobs.. Oh yeah, they did not have any giggle (obama laughing) ..

Obama Projected that if Stimulus passed immediately, we could keep unemployment under 8 percent. Given that the Republicans stonewalled while we were losing 770,000 jobs a month, Unemployment was already over eight percent by the time Stimulus passed

The idea was to give money to the states for shovel ready projects. Some states came up with them, some didn't

Either way, Obama saved a depression

Shit, with over $5 trillion in new deficit spending, Obama must have brought unemployment down to 2% by now!

 

[code1211]

Obama promised if we did the stimulus that unemployment would not go over 8 percent. It has been over 8 percent for how long now and still counting.. Where are all those shovel ready jobs.. Oh yeah, they did not have any giggle (obama laughing) ..

Obama Projected that if Stimulus passed immediately, we could keep unemployment under 8 percent. Given that the Republicans stonewalled while we were losing 770,000 jobs a month, Unemployment was already over eight percent by the time Stimulus passed

The idea was to give money to the states for shovel ready projects. Some states came up with them, some didn't

Either way, Obama saved a depression

Shit, with over $5 trillion in new deficit spending, Obama must have brought unemployment down to 2% by now!

No. Obama missed the boat on that one. He needed to spend the entire 5 trillion on food stamps which, as all Liberals know, is the best way to stimulate the economy.

If all Americans were on food stamps, the economy would be in good shape.

 

[Listening]

Obama promised if we did the stimulus that unemployment would not go over 8 percent. It has been over 8 percent for how long now and still counting.. Where are all those shovel ready jobs.. Oh yeah, they did not have any giggle (obama laughing) ..

Obama Projected that if Stimulus passed immediately, we could keep unemployment under 8 percent. Given that the Republicans stonewalled while we were losing 770,000 jobs a month, Unemployment was already over eight percent by the time Stimulus passed

The idea was to give money to the states for shovel ready projects. Some states came up with them, some didn't

Either way, Obama saved a depression

Yes, yes...we keep hearing this unsupportable claim.

Obama stopped the earth from leaving it's orbit too.

Pull your head of out Valarie Jarrett's ass and get some fresh air.

 

[rightwinger]

Obama promised if we did the stimulus that unemployment would not go over 8 percent. It has been over 8 percent for how long now and still counting.. Where are all those shovel ready jobs.. Oh yeah, they did not have any giggle (obama laughing) ..

Obama Projected that if Stimulus passed immediately, we could keep unemployment under 8 percent. Given that the Republicans stonewalled while we were losing 770,000 jobs a month, Unemployment was already over eight percent by the time Stimulus passed

The idea was to give money to the states for shovel ready projects. Some states came up with them, some didn't

Either way, Obama saved a depression

Be honest, Obama promised Peace on Earth, Goodwill to All Men, Women, Transgendered, Illegals, Africans, Marxists...

He lied!!! He lied!!!!

Yea....but he also promised to get bin Laden

 

[rightwinger]

Obama promised if we did the stimulus that unemployment would not go over 8 percent. It has been over 8 percent for how long now and still counting.. Where are all those shovel ready jobs.. Oh yeah, they did not have any giggle (obama laughing) ..

Obama Projected that if Stimulus passed immediately, we could keep unemployment under 8 percent. Given that the Republicans stonewalled while we were losing 770,000 jobs a month, Unemployment was already over eight percent by the time Stimulus passed

The idea was to give money to the states for shovel ready projects. Some states came up with them, some didn't

Either way, Obama saved a depression

Yes, yes...we keep hearing this unsupportable claim.

Obama stopped the earth from leaving it's orbit too.

Pull your head of out Valarie Jarrett's ass and get some fresh air.

Let's go to the numbers...

Economy losing 770,000 jobs a month
Five quarters of negative GDP
Auto industry and Financial sector bordering collapse
Stock Market dropped 7500 points

If that is not heading for depression.....what is?

Since Stimulus and TARP passed in Feb 2009

Economy gaining 100,000 jobs a month
Twelve straight quarters of positive GDP
Auto industry thriving, banks stable
Stock Market up 6000 points

Under Republicans the solution was .....let the market work itself out, let the auto companies fail, Economic Darwinism

In other words......Depression

 

[Freewill]

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.”

You mean the same economists that didn't predict the crash in 2008 and were surprised when it happened? You mean those same guys? All I know is that unemployment was to drop below 8 percent, it did not. All I know is that this administration has put more debt upon our grandchildren then all the Presidents before him. All I know is that this is the longest weakest recovery in the history of the US and I am paying over 3.50 per gallon for gasoline.

 

[Procrustes Stretched]

Obama promised if we did the stimulus that unemployment would not go over 8 percent. It has been over 8 percent for how long now and still counting.. Where are all those shovel ready jobs.. Oh yeah, they did not have any giggle (obama laughing) ..

predictions are promises?

 

[Procrustes Stretched]

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.”

You mean the same economists that didn't predict the crash in 2008 and were surprised when it happened? You mean those same guys? All I know is that unemployment was to drop below 8 percent, it did not. All I know is that this administration has put more debt upon our grandchildren then all the Presidents before him. All I know is that this is the longest weakest recovery in the history of the US and I am paying over 3.50 per gallon for gasoline.

No, I mean the same guys that told us if we listened to Reagan and later Bush and deregulated much of the economy, that deficits wouldn't matter? The same guys that told us since Reagan that the wealth would trickle down and lift all boats -- you can stop bailing now.

 

[Truthmatters]

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.”

You mean the same economists that didn't predict the crash in 2008 and were surprised when it happened? You mean those same guys? All I know is that unemployment was to drop below 8 percent, it did not. All I know is that this administration has put more debt upon our grandchildren then all the Presidents before him. All I know is that this is the longest weakest recovery in the history of the US and I am paying over 3.50 per gallon for gasoline.

Oh really you know these exact people did not predict a downturn.


Let me remind you that anyone who warned about the economy being built on a mountain of ice that was melting was called all sorts of things and trashed by the right.

 

[candycorn]

 

[bitterlyclingin]

The $137,000 in the stimulus package designated for the pamphlets the teachers in Omaha City had to hand out to their little kiddies reading "White Culture is evil and reprehensible" and "If you know someone that still supports White Culture, you should report them" didn't quite create the requisite number of jobs, now, did it?