Obama stimulus is failed

[Chris]

The stimulus saved us from another Great Depression.

When an economy is in a deflationary spiral, the government has to be the demand of last resort.

Now the lying Republicans, who created the crisis, are trying to re-write history.

 

[The Rabbi]

The stimulus saved us from another Great Depression.

When an economy is in a deflationary spiral, the government has to be the demand of last resort.

Now the lying Republicans, who created the crisis, are trying to re-write history.

Three years into Obama's term and the stimulus we have no growth and high unemployment. How is that saving us from anything?
Gov't as demand of the last resort is a failed program. It has failed every time it was tried. Only fools and simps believe otherwise.

 

[Claudette]

It hasn't saved jack.

He tried the same thing FDR tried.

With the same results.

Cut it any way you like but its a failure.

 

[8537]

The stimulus saved us from another Great Depression.

When an economy is in a deflationary spiral, the government has to be the demand of last resort.

Now the lying Republicans, who created the crisis, are trying to re-write history.

Three years into Obama's term and the stimulus we have no growth and high unemployment.

Quit lying.

 

[The Rabbi]

You're the liar here.

Real gross domestic product -- the output of goods and services produced by labor and property
located in the United States -- increased at an annual rate of 1.9 percent in the first quarter of 2011, (that
is, from the fourth quarter to the first quarter), according to the "third" estimate released by the Bureau
of Economic Analysis.

News Release: Gross Domestic Product
1.9%is virtually nothing since it is within the margin of error.

 

[8537]

You're the liar here.

Real gross domestic product -- the output of goods and services produced by labor and property
located in the United States -- increased at an annual rate of 1.9 percent in the first quarter of 2011, (that
is, from the fourth quarter to the first quarter), according to the "third" estimate released by the Bureau
of Economic Analysis.

News Release: Gross Domestic Product
1.9%is virtually nothing since it is within the margin of error.

You're still lying - it's not within the margin of error. In fact, your comment makes no sense statistically.

 

[editec]

You're the liar here.

Real gross domestic product -- the output of goods and services produced by labor and property
located in the United States -- increased at an annual rate of 1.9 percent in the first quarter of 2011, (that
is, from the fourth quarter to the first quarter), according to the "third" estimate released by the Bureau
of Economic Analysis.

News Release: Gross Domestic Product
1.9%is virtually nothing since it is within the margin of error.

You're still lying - it's not within the margin of error. In fact, your comment makes no sense statistically.

That is true HOWEVER, taking inflation into account, and taking the natural growth of the population into account a 1.9% growth in the GDP is actually GOING BACKWARDS.

Of course, I do not blame this fact solely on Obama.

I leave such childish cult of personality politics to those whose intellectual abilities make such simplistic POVs the only way they can understand their world.

 

[8537]

You're the liar here.

News Release: Gross Domestic Product
1.9%is virtually nothing since it is within the margin of error.

You're still lying - it's not within the margin of error. In fact, your comment makes no sense statistically.

That is true HOWEVER, taking inflation into account, and taking the natural growth of the population into account a 1.9% growth in the GDP is actually GOING BACKWARDS.
.

Real GDP accounts for inflation and there's simply no way the US population is expanding at 1.9 per year. It grew at a rate well below 1% throughout the aughts.

And before anyone gets the wrong idea - 1.9% isn't great. It's not even the average for the previous decade. But it's growth.

We could have an entirely different discussion about growth and whether or not it should be our primary objective and measure, but that's for a different thread...

 

[Uncensored2008]

Quit lying.

Your chart claims a 6% GDP growth in Q2 2010 - are you claiming that this is correct?

{Q2 2010 GDP was revised significantly down, to 1.6%. }

Q2 2010 Revised GDP - 1.6% | The Economic Populist

 

[8537]

Quit lying.

Your chart claims a 6% GDP growth in Q2 2010 - are you claiming that this is correct?

{Q2 2010 GDP was revised significantly down, to 1.6%. }

Q2 2010 Revised GDP - 1.6% | The Economic Populist

I can't be held accountable for your inability to read charts.

 

[Vanquish]

The stimulus saved us from another Great Depression.

When an economy is in a deflationary spiral, the government has to be the demand of last resort.

Now the lying Republicans, who created the crisis, are trying to re-write history.

Three years into Obama's term and the stimulus we have no growth and high unemployment. How is that saving us from anything?
Gov't as demand of the last resort is a failed program. It has failed every time it was tried. Only fools and simps believe otherwise.

To prove your point, I need this information:

1. Explain what he tried, using specific pieces of legislation or executive orders, and explain, with numbers, what the result was.

2. Show us the trend before and during his term, for job loss.

3. Give us some basis for what it would have been, had the same policies been kept in place, not his.

4. Do simple math and compare the status quo to what he did.

Until you do those 4 things...you havent proven it was Obama that f'd up.

 

[Uncensored2008]

I can't be held accountable for your inability to read charts.

When you put it together in MacPaint, did you think to try and represent reality?

Nah, you have a party to serve..

U.S. GDP for the full year of 2010 - a dismal 2.9%

http://rawfinanceblog.com/2011/01/28/u-s-gdp-3-2-in-4q-2010-2-9-for-full-year-2010/

Full year 2009 -2.9%

2009 U.S. GDP: Tables and Graphs - Seeking Alpha

Full Obama term, real GDP growth of zero.

 

[8537]

I can't be held accountable for your inability to read charts.

When you put it together in MacPaint, did you think to try and represent reality?

Nah, you have a party to serve..

U.S. GDP for the full year of 2010 - a dismal 2.9%

U.S. GDP +3.2% in 4Q 2010, +2.9% for Full Year 2010 | Raw Finance

Full year 2009 -2.9%

2009 U.S. GDP: Tables and Graphs - Seeking Alpha

Full Obama term, real GDP growth of zero.

Wait, you're defining 2.9% as "dismal"?

Are you sure you'd like to do that? Really?

Again, your inability to read charts is not my concern. You've yet to point to anything that's incorrect. All you've done is claim that 2.9% growth is "dismal".

 

[Uncensored2008]

Wait, you're defining 2.9% as "dismal"?

Why, you think 2.9% is robust growth?

ROFL

You mindless sycophants are something else...

 

[8537]

Wait, you're defining 2.9% as "dismal"?

Why, you think 2.9% is robust growth?

Yes, it's pretty damn good (again, presuming you consider GDP the relevant measure). Nearly a full point higher than the average during Bush's term, only a half point less than during Reagan's presidency and almost identical to the Eisenhower era.

 

[The Rabbi]

Wait, you're defining 2.9% as "dismal"?

Why, you think 2.9% is robust growth?

Yes, it's pretty damn good (again, presuming you consider GDP the relevant measure). Nearly a full point higher than the average during Bush's term, only a half point less than during Reagan's presidency and almost identical to the Eisenhower era.

Growth is actually about 1.8 or less, depending on whom you believe.
It is the slowest growth for a recovery from a recession since WW2.

 

[Uncensored2008]

Yes, it's pretty damn good

ROFL

Of course it is - anything Obama does is perfect.

In 2002, GDP grew at 3.79% - the NY Times called it "anemic growth."

If 4% growth is considered "anemic," 2.9% is abysmal.

Pull your head out of your Messiah's® ass.

2004 - 4.1%
2005 - 6.9%
2006 - 5.4%

 

[Uncensored2008]

Growth is actually about 1.8 or less, depending on whom you believe.
It is the slowest growth for a recovery from a recession since WW2.

That is for 2011. The last full year we can look at is 2010, which was 2.9% - which offset the decline in 2009, leaving GDP growth for the entire Obama term at a net zero. The worst economic record since FDR.

 

[Hope_and_change]

Incredibly weak recovery: President Barack Obama's tax/spend/regulation policy -- "stimulus"; continuation of TARP; bank, insurance company and auto industry bailouts; "quantitative easing" (aka the printing of money); cash for clunkers; minimum wage hikes; new regulatory rules on businesses; tripling of the deficit; addition of $4 trillion to the debt -- failed miserably to produce jobs and grow the economy at the historical rate expected after a deep recession.

2) ObamaCare: President Barack Obama promised it would "bend the cost curve" and that "if you like your doctor, you will be able to keep your doctor. If you like your health care plan, you will be able to keep your health care plan." The chief Medicare actuary said neither of those claims is true. Two-thirds of doctors believe that ObamaCare will lower the quality of health care.

3) Bogus Financial Crisis Inquiry Commission: Comprised of six Democrats and four Republicans, the commission issued a majority report (with the Republicans dissenting) that blamed Wall Street greed. "Reckless Endangerment," a new book on the financial crisis co-authored by a New York Times columnist/business and financial editor, blames the central role played by Fannie Mae and Freddie Mac, as well as government policy that pressured banks into relaxing lending standards so that the "underrepresented" could buy homes they could not afford

 

[8537]

Why, you think 2.9% is robust growth?

Yes, it's pretty damn good (again, presuming you consider GDP the relevant measure). Nearly a full point higher than the average during Bush's term, only a half point less than during Reagan's presidency and almost identical to the Eisenhower era.

Growth is actually about 1.8 or less, depending on whom you believe.

We're talking about the year 2010.