Obama Stimulus had zero impact

The Rabbi

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Sep 16, 2009
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Column in the WSJ today by two prominent economists examined the Keynesian idea of gov't spending filling the gap in private demand in regards to the stimulus. What they found was government grants to states and localities merely substituted for local borrowing. IOW, there was no stimulus achieved at all. Aggregate demand was the same as before. The Obama stimulus was, again, proof that Keynesianism is simply wrong.
John F. Cogan and John B. Taylor: The Obama Stimulus Impact? Zero - WSJ.com
 
Obamanomics is an Epic Fail. His only success was that he pulled that stupid Keynesian Theory down with him
 
The Stimulus didn't have zero impact; it had a negative impact on the economy by preserving excessive state and local government spending and saddling the company with tons-o-debt.
 
I disagree with you.
It's great for jobs!

ABC reported that a Chinese company is helping build a massive wind farm in west Texas. The firm will receive $450 million in Stimulus cash. The project will save or create 300 jobs in Texas and 2,000 manufacturing jobs in China.


Three weeks before Election Day, Senate Majority leader Harry Reid, D-Nev., center, arrives for the dedication of a wind farm in Henderson, Nev., on Oct. 12, 2010. With him are, second from left, Kai Huang, deputy mayor of Shenyang, China; Jinxiang Lu, second from right, chairman and CEO of A-Power Energy Generation Systems, a Chinese company, and Tom Conway, right, international vice president of the United Steelworkers union. Reid’s support, and the plan to create jobs in Nevada, helped blunt congressional criticism that stimulus money was going to the Chinese company, which also plans a large wind farm in West Texas. The company is hoping to receive money through the U.S. Energy Department. (MSNBC)

Powerful democrats helped a Chinese Firm get stimulus cash for a wind farm
MSNBC reported:
Top Democratic fundraisers and lobbyists with links to the White House are behind a proposed wind farm in Texas that stands to get $450 million in stimulus money, even though a Chinese company would operate the farm and its turbines would be built in China.
The farm’s backers also have close ties with Senate Majority Leader Harry Reid, D-Nev., who, at the height of his hard-fought re-election bid this fall, helped blunt congressional criticism over stimulus dollars possibly going to create jobs in China by endorsing a proposal by the Chinese company to build a factory in his home state. Although his campaign received thousands of dollars in donations from the wind farm’s backers and Reid stood on stage with them at a campaign event they hosted, his office declined to answer any questions about the wind farm’s organizers or their plans for Nevada.


It's great for China!!!

 
The Stimulus not have an impact? That's completely dishonest. It kept people from getting fired and construction jobs are starting up all over. In NYC you can't go far without running into something getting built.

The problem with the Stimulus is that it was half as much as it should have been..so it's taking alot longer to show results.

Add in..that it's larded with Republican (conservative ) ideas..such as tax cuts..at least 40% of it. And we all know how well Republican ideas work in relation to the economy (or anything for that matter).
 
Rabbi is a liar, and the WSJ is Faux 'News' with a different masthead. "Prominent Economists"? LMAO, have any of you every heard of, let alone read, The Worldly Philosophers?
 
Rabbi is a liar, and the WSJ is Faux 'News' with a different masthead. "Prominent Economists"? LMAO, have any of you every heard of, let alone read, The Worldly Philosophers?

It's really sad what happened to the WSJ. They are now a propaganda rag. They even started printing pictures..with colors!

Unbelievable.
 
If the WSJ is claiming that the 300 billion in tax cuts in the 2009 Obama stimulus bill had no impact,

do they thus predict that this pending tax cut won't either?
 
Column in the WSJ today by two prominent economists examined the Keynesian idea of gov't spending filling the gap in private demand in regards to the stimulus. What they found was government grants to states and localities merely substituted for local borrowing. IOW, there was no stimulus achieved at all. Aggregate demand was the same as before. The Obama stimulus was, again, proof that Keynesianism is simply wrong.
John F. Cogan and John B. Taylor: The Obama Stimulus Impact? Zero - WSJ.com

That same columnist still has a job because of the stimulus package.
 
The Stimulus not have an impact? That's completely dishonest. It kept people from getting fired and construction jobs are starting up all over. In NYC you can't go far without running into something getting built.

The problem with the Stimulus is that it was half as much as it should have been..so it's taking alot longer to show results.

Add in..that it's larded with Republican (conservative ) ideas..such as tax cuts..at least 40% of it. And we all know how well Republican ideas work in relation to the economy (or anything for that matter).

did you read the article for god sakes?
 
Column in the WSJ today by two prominent economists examined the Keynesian idea of gov't spending filling the gap in private demand in regards to the stimulus. What they found was government grants to states and localities merely substituted for local borrowing. IOW, there was no stimulus achieved at all. Aggregate demand was the same as before. The Obama stimulus was, again, proof that Keynesianism is simply wrong.
John F. Cogan and John B. Taylor: The Obama Stimulus Impact? Zero - WSJ.com

I saw this this morning myself and was going to post it...but got a ton of work...heres the graph to go with the text, I urge folks to read the article first please and just don't knee jerk your answer...please.
 

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The Stimulus didn't have zero impact; it had a negative impact on the economy by preserving excessive state and local government spending and saddling the company with tons-o-debt.

Which is what the new tax bill is going to do. Why won't you oppose that as well?
 
Column in the WSJ today by two prominent economists examined the Keynesian idea of gov't spending filling the gap in private demand in regards to the stimulus. What they found was government grants to states and localities merely substituted for local borrowing. IOW, there was no stimulus achieved at all. Aggregate demand was the same as before. The Obama stimulus was, again, proof that Keynesianism is simply wrong.
John F. Cogan and John B. Taylor: The Obama Stimulus Impact? Zero - WSJ.com
853.gif


Why do you "conservatives" insist on repeatedly beating this same pile o' horseshit....while you....at the same time.....take credit, for it?? :eusa_eh:

[ame]http://www.youtube.com/watch?v=w894xqReOdo[/ame]

*

Maybe someone needs to contact those journalists, at the Murdoch Street Journal, and let 'em know.

:eusa_liar:
 
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The Stimulus not have an impact? That's completely dishonest. It kept people from getting fired and construction jobs are starting up all over. In NYC you can't go far without running into something getting built.

The problem with the Stimulus is that it was half as much as it should have been..so it's taking alot longer to show results.

Add in..that it's larded with Republican (conservative ) ideas..such as tax cuts..at least 40% of it. And we all know how well Republican ideas work in relation to the economy (or anything for that matter).

did you read the article for god sakes?

Clearly not because the authors dispel that piece of doo-doo right off.
 
Rabbi is a liar, and the WSJ is Faux 'News' with a different masthead. "Prominent Economists"? LMAO, have any of you every heard of, let alone read, The Worldly Philosophers?

Translation: My little liberal head is exploding from all the light and truth.
 

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