Obama stimulus is failed

Discussion in 'Politics' started by The Rabbi, Jun 3, 2011.

  1. The Rabbi
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    The Rabbi Diamond Member

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    Once again job numbers are out. The results are dismal. We now have 9.1% unemployment, not counting those who have given up. Economists expected job creation to be 160k. We got just 54k. Manufacturing lost jobs for the first time in 7 months.
    This isn't a recovery. IN a recovery jobs are stable, overtime increases, temporary work increases and then permanent employment increases. We are seeing continued job losses.
    So the promise of Obama's stimulus to add however many jobs to the economy is a lie. It is a total failure.
    In a British style parliamentary system they would stage a no-confidence vote in Obama. They would win.
     
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  2. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    Obama's policies, including the Stimulus, have resulted in the worst economic recovery in past century.

    If we'd had a proper mix of low taxes, reasonable regulation, restrained government spending and leadership which instilled trust that the policies would remain in place, the private sector would be creating jobs.

    Instead, Obama has fulfilled Ayn Rand's predictions. And it's going to get much worse before it gets better.
     
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  3. The Rabbi
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    The Rabbi Diamond Member

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    We experience far more severe job loss in the BUsh recession of 2001. But job creation was strong enough that UE never rose above 7%.
    Yes, it will get worse. We are heading for double dip territory.
     
  4. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    We never really had a recovery.

    The stats were cooked by programs which have deferred the ultimate and much needed full correction of the housing market, and the pull forward of demand with Cash for Clunkers, as well as the wasted Stimulus funds used to prop up state and local government union employment.

    These delays just make the ultimate correct worse as we now have $5T more debt on the balance sheet.
     
  5. eflatminor
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    eflatminor Classical Liberal

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    Just to clarify, it's not OBAMA's stimulus that failed. ALL stimulus fails...unless of course you're one of connected few to be handed my tax dollars. Keynes was wrong. Friedman/Hayek got it right.
     
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  6. Zander
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    Zander Platinum Member

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  7. HUGGY
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    HUGGY I Post Because I Care Supporting Member

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    Ah...but the GOP strategy to do nothing hoping that a failed country will make Obama look bad has succeeded. :clap2:
     
  8. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    Bernanke is the most dangerous person to our economy right now.

    He's destroying the dollar.
     
  9. The Rabbi
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    The Rabbi Diamond Member

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    Thats true. IN 2007 or so BUsh had a stimulus program pushed by PElosi. IT was also a gross failure.
     
  10. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    Bald. R. Dash.

    The GOP wants to cut spending now and reform entitlement programs so they don't crater the economy. Obama and the Dems have offered no plans of their own (they won't even pass a frelling budget)...their entire strategy is to scare senior citizens and public union employees.
     

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