Obama Pushes Stimulus to keep us from 8.8% employment now this...

Discussion in 'Politics' started by KMAN, Jun 16, 2009.

  1. KMAN
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    KMAN Senior Member

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    Can someone explain this to me?

    In pushing to get his $787 billion stimulus package passed in Congress, President Obama's economic team said that without the federal spending jolt, the unemployment rate would hit 8.8 percent by the last fiscal quarter of 2010. With the package, his advisers argued, the unemployment rate would reach only 7 percent.

    Republicans Blast Obama Administration as Jobless Rate Hits 9.4 Percent - Political News - FOXNews.com


    Now, can you explain this?

    Obama Says U.S. Jobless Rate to Reach 10% This Year (Update1) - Bloomberg.com

    President Barack Obama said the U.S. unemployment rate will reach 10 percent this year, even as the economy begins to emerge from the recession.
     
  2. Oddball
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    Oddball BANNED Supporting Member

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    Don't try to make sense of it, or your head will 'splode.

    He's too utterly ignorant to know what the hell he's talking about and just parroting what Beavis Bernanke and Butthead Geithner tell him.
     
  3. KMAN
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    KMAN Senior Member

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    I think it sucks that Obama stole money from us to pay for all of the pork and this pretend stimulus when he is acknowledging now that it didn't work.... The guy is a complete idiot.
     
  4. auditor0007
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    auditor0007 Gold Member

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    The worst thing about the stimulus package is the simple fact that much of the spending hasn't even taken hold yet. They should have called it the delayed stimulus. They may as well have done nothing compared to throwing this money away. If they had wanted a direct stimulus that really would have done something, all they had to do was give a $5000 tax credit toward the purchase of a new car. It would've cost taxpayers between $100 and $200 billion and the effect would have been immediate. On top of that, it likely would have nullified any reason or need to bail out the auto companies.
     
  5. KMAN
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    KMAN Senior Member

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    Just more proof that the the purpose of the stimulus was not to boost the economy but to get the people to pay for pork projects that they knew we wouldn't support if it were in any other bill... Now that's what I call transparency...LOL
     
  6. KittenKoder
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    KittenKoder Senior Member

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    Basically Obama was trying the "gotta spend money to make money" policy, but that only works when there is a product to sell after you are done spending the money ...
     
  7. Zoom-boing
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    Zoom-boing Gold Member

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    All they did is guess in order to get the stim package passed, but they put that guess out as if it were fact.

    Auditor, you're suggestion is sound, conservative in spending, makes sense, would work, would have kept the government out of the car biz and is logical. No wonder congress and Barry would never go for it.
     
  8. DiamondDave
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    DiamondDave Army Vet

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    Barry and congress would not go for it because it does not add power to the government... they way they did it ensured control over those they 'lent' or 'gave' the money to...
     
  9. Devin
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    Devin Feel the breeze

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    The stimulus was a knee-jerk reaction because no one knew what to do.
    They still do not, ultimately. However the economy has to improve at some point, and that is when the whole group takes credit, saying look what we did for you. The stimulus spends increasing amounts of money as time goes on (years pass), so if the economy self-corrects, they take the bows.
     
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  10. WillowTree
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    WillowTree Diamond Member

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    how do you figure that? when he will have quadrupled the national debt and we won't (try as hard as we might) even be able to make the interest payments.. so how do you figure the economy will imporove??? does anybody in the back of their minds remember what the muslims said about destroying the US economy?? welldoyahuh?
     

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