Obama's list of accomplishes in regards to the economy

[Uncensored2008]

The American Recovery and Reinvestment Act of 2009 was designed to stop the net job lost which it did.

So, once passed, the unemployment rate stayed steady or improved?

Otherwise, what you claim is demonstrably false.

It wasn't designed to create a lot of permanent jobs.

So you acknowledge that it was a scam? Smoke and mirrors designed to deceive the American public?

I applaud your honesty. Of course you are correct, there was no intent to improve the economy, this was a looting of the public treasury by the well connected, ergo the "pork" in "Porkulus."

It's purpose was to slow job lost, giving the private sector time to begin creating jobs.

Really?

Is that what the Obama administration claimed when pushing passage? Or is that just a rewrite of history to cover for the abysmal failure of the program?

At it's peak, it was fully or partially funding over 2 million jobs. Currently it's funding just over 400,000 jobs. Much of the money went to local government, funding road projects law enforcement, fire fighters, and teacher salaries. Now that the funds are drying up, governments are laying off a lot people. In 2011, state and local governments have cut nearly 250,000 jobs. The federal government has cut over 100,000.

Without ARRA, things would have been worse and the recovery would have been slower.

There is absolutely no evidence to support such a claim. The effect of sending out checks to taxpayers would have been more positive, as the Bush "rebates" demonstrate. The ARRA was a clusterfuck, a complete disaster.

 

[CrusaderFrank]

Is Obama thinking of running on his economic record? Seriously?

 

[Lovebears65]

Doesnt surprise me that Obama would pat himself on the back for things he think he did. The facts are the facts thought. He is a failure of a president and the 2012 will reflect that. Most independent do not like him.

 

[CrusaderFrank]

[ame=http://www.youtube.com/watch?v=buRO9TSlScQ]Joe Biden calls Jon Corzine for Advice Again - YouTube[/ame]

 

[CrusaderFrank]

[ame=http://www.youtube.com/watch?v=4p4-vPrcDBo]Obama: Shovel Ready jobs not shovel ready - YouTube[/ame]

 

[Billy000]

My guess the list is going to be as good as you posting abilities.



Recovery dot gov was an accomplishment? ISn't that the site that had jobs being saved or created in congressional districts that do not exist?



And it only cost of just over 4.5%, which makes it a net drain on the economy.



That was Bush's idea, not Obama's, you can tell because it forced banks that did not need it to take money anyway, which made it really easy, of costly, for them to pay it back.



Are you talking about the program that only helped people who did not need help? That was a great idea, wasn't it?



You really do like that half-truth, don't you? Remember, a half truth is still a lie.

PolitiFact | Nancy Pelosi says jobs increased faster in 2010 than in eight years under Bush



That came from TARP, which was Bush's program. At best you can say he allocated the funds.



Your own link points out that the funding was not doubled. Interesting, to say the least.



How many charges have been filed as a result of the law? Was he only playing politics here and not actually doing anything?

By the way, can you explain how this was helpful to the economy if it actually resulted in what it was supposed to?



Another law that got its start under Bush. Can you tell me why Reid never brought it up for a vote until after Obama was in office?



Years of neglect? Seriously?

By the way, your link does not do anything but talk about a poll that says Americans support infrastructure spending, it contains no numbers on how much it was increased, or even if it was increased.



It helped it recover? When did that happen? Last time I looked at the numbers the numbers were still way down, and had not bottomed out yet.



Interesting. Are you aware that the speech you cited was over a year before the program you are crediting him with was passed?



Not exactly a new thing, the SBA has been doing that for years. All you can really credit him for is giving the program its own domain name.



How did that work out again?



Commendable, but what does it have to with the economy?



Do you know that the bank doesn't exist yet? Giving Obama credit for things Bush did is one thing, but how on Earth can you give him credit for things that have not even happened?



He gave GM and Chrysler to the unions and screwed over middle class people who had their pensions tied up in those companies, quite an accomplishment. He should be a Republican.



Many are of the opinion that Obama stopped the oceans from rising. I want actual facts, not opinions from a few fringe idiots.



No he didn't, none of those teachers would have been unemployed. School districts hand out pink slips every year in order to scare people into giving them more money, yet they hire all the teachers back even if they don't get it.



Why should the federal government support police and firefighters, or teachers? Shouldn't that come from the local level? Besides, all it did was delay the inevitable, when that funding ran out police, and firefighters, were laid off.



Again, Bush program.



He did? What have they actually done?



Your ass is probably a socialist welfare nation all by itself. Maybe if you got up out of your parents basement you could loose some weight.

This response was pathetic. You couldn't even back up anything you said with sources. Why should I take you seriously?

Obama's record speaks for itself:

PolitiFact | The Obameter: Tracking Obama's Campaign Promises

PolitiFact | The Obameter: Campaign Promises that are about Economy

Don't like the source? Prove they are wrong. You seem to struggle with that.

Eleven of 26 promises rated as kept. You are certainly right, it does speak for itself.

You really like to distort the facts, don't you? He's kept 160 promises and has only broken 56. Some were stalled. Some had "compromise". 175 of them are "in the works".

HIs record isn't perfect, but it's pretty damn good.

 

[Quantum Windbag]

This response was pathetic. You couldn't even back up anything you said with sources. Why should I take you seriously?

Obama's record speaks for itself:

PolitiFact | The Obameter: Tracking Obama's Campaign Promises

PolitiFact | The Obameter: Campaign Promises that are about Economy

Don't like the source? Prove they are wrong. You seem to struggle with that.

Eleven of 26 promises rated as kept. You are certainly right, it does speak for itself.

You really like to distort the facts, don't you? He's kept 160 promises and has only broken 56. Some were stalled. Some had "compromise". 175 of them are "in the works".

HIs record isn't perfect, but it's pretty damn good.

Me distort the facts? I counted the promises at the first link you posted and posted the exact count, that is not distorting anything.

 

[Stephanie]

This response was pathetic. You couldn't even back up anything you said with sources. Why should I take you seriously?

Obama's record speaks for itself:

PolitiFact | The Obameter: Tracking Obama's Campaign Promises

PolitiFact | The Obameter: Campaign Promises that are about Economy

Don't like the source? Prove they are wrong. You seem to struggle with that.

Eleven of 26 promises rated as kept. You are certainly right, it does speak for itself.

You really like to distort the facts, don't you? He's kept 160 promises and has only broken 56. Some were stalled. Some had "compromise". 175 of them are "in the works".

HIs record isn't perfect, but it's pretty damn good.

Yeah so damn good, we still have near 9% unemployment, paying close to 3.50 a gallon of gas,...ANYONE buy food lately?

please just stop yawning us with his promises he has kept..NONE of them has done a damn thing to help us or this country,.

 

[Flopper]

The Federal Reserve Board put the number of jobs created by the ARRA at zero. 2 million jobs were funded, then vanished the moment the federal funding ceased.

The American Recovery and Reinvestment Act of 2009 was designed to stop the net job lost which it did. It wasn't designed to create a lot of permanent jobs. It's purpose was to slow job lost, giving the private sector time to begin creating jobs. At it's peak, it was fully or partially funding over 2 million jobs. Currently it's funding just over 400,000 jobs. Much of the money went to local government, funding road projects law enforcement, fire fighters, and teacher salaries. Now that the funds are drying up, governments are laying off a lot people. In 2011, state and local governments have cut nearly 250,000 jobs. The federal government has cut over 130,000.

Without ARRA, things would have been worse and the recovery would have been slower.

I'm curious, Flopper...you say the Obama Stimulus was designed to stop job loss until the private sector could begin to create jobs? Yet, the stimulus was overwhelmingly spent propping up the public sector. So if it's the private sector that creates jobs...then why didn't we spend the bulk of the stimulus propping up the private sector so that we'd see those jobs sooner? Why did we spend billions on public sector jobs and extending unemployment benefits that are now being lost because funds are drying up?

I pointed out this flaw in the Obama Stimulus three years ago and was pooh poohed by you progressives who somehow thought a goverment job was no different than a private sector job. The fatal flaw in that concept lies in the simple fact that private sector jobs bring in additional revenue TO government with which it funds it's employees and programs. Stimulating government jobs doesn't generate revenue...so when the funds run out...the jobs end up getting cut...like now.

In 2009, the economy was contracting and private sector employers needed less employees. It wouldn't have made sense for the federal government to issue contracts to companies just to keep people employed, although some of the stimulus money was used in this manner. Local governments were quite a bit different than the private sector. They needed the same number of police, fire fighters, teachers, and road repair workers regardless of the state of the economy.

There are three ways the federal government could have simulated the private sector. They could have increase demand for services by putting more money in circulation. This was done with the ARRA, however the size of the program was not near enough to create a strong demand. Secondly government could reduce interest rates or cut taxes on businesses. However, interest rates had been cut to near zero prior to Obama taking office which did nothing. Since businesses in 2008 and 2009 were intent on building cash reserves, it's very unlikely a tax cut would make any difference at all other than to raise the deficit.

Arguments can be made that the tax code and government regulations should have been revamped to provide a friendly atmosphere for business. However, that process could take a year or more and even longer for businesses to respond. With job losses of a half million jobs a month, this was not the time to restructure taxes and government. Had the government taken that path, the whole country could have been in the soup lines before Congress passed legislation.

 

[Flopper]

The American Recovery and Reinvestment Act of 2009 was designed to stop the net job lost which it did.

So, once passed, the unemployment rate stayed steady or improved?

Otherwise, what you claim is demonstrably false.

It wasn't designed to create a lot of permanent jobs.

So you acknowledge that it was a scam? Smoke and mirrors designed to deceive the American public?

I applaud your honesty. Of course you are correct, there was no intent to improve the economy, this was a looting of the public treasury by the well connected, ergo the "pork" in "Porkulus."

It's purpose was to slow job lost, giving the private sector time to begin creating jobs.

Really?

Is that what the Obama administration claimed when pushing passage? Or is that just a rewrite of history to cover for the abysmal failure of the program?

At it's peak, it was fully or partially funding over 2 million jobs. Currently it's funding just over 400,000 jobs. Much of the money went to local government, funding road projects law enforcement, fire fighters, and teacher salaries. Now that the funds are drying up, governments are laying off a lot people. In 2011, state and local governments have cut nearly 250,000 jobs. The federal government has cut over 100,000.

Without ARRA, things would have been worse and the recovery would have been slower.

There is absolutely no evidence to support such a claim. The effect of sending out checks to taxpayers would have been more positive, as the Bush "rebates" demonstrate. The ARRA was a clusterfuck, a complete disaster.

ARRA started in March 2009. Job losses in that month were 663,000. By August it fell to 216,000. From Sept 2009 to Dec 2011, non-farm employment has not had a net lose in any month. During this period, the unemployment rate has fallen 15%.

http://www.bls.gov/news.release/pdf/empsit.pdf

 

[Oldstyle]

How many jobs did BushII's tax breaks for billionaires create?

Anybody know?

If you think you know, show me how you arrived at that number.

Unlike this administration, Ed...I won't pretend to be able to pull numbers like that out of the ether. I will point out however, that the Bush tax breaks obviously did help create jobs or Obama would have let them expire. The only reason he didn't...was that he was scared shitless that unemployment would go back up over 10%.

 

[Quantum Windbag]

The American Recovery and Reinvestment Act of 2009 was designed to stop the net job lost which it did.

So, once passed, the unemployment rate stayed steady or improved?

Otherwise, what you claim is demonstrably false.



So you acknowledge that it was a scam? Smoke and mirrors designed to deceive the American public?

I applaud your honesty. Of course you are correct, there was no intent to improve the economy, this was a looting of the public treasury by the well connected, ergo the "pork" in "Porkulus."



Really?

Is that what the Obama administration claimed when pushing passage? Or is that just a rewrite of history to cover for the abysmal failure of the program?

At it's peak, it was fully or partially funding over 2 million jobs. Currently it's funding just over 400,000 jobs. Much of the money went to local government, funding road projects law enforcement, fire fighters, and teacher salaries. Now that the funds are drying up, governments are laying off a lot people. In 2011, state and local governments have cut nearly 250,000 jobs. The federal government has cut over 100,000.

Without ARRA, things would have been worse and the recovery would have been slower.

There is absolutely no evidence to support such a claim. The effect of sending out checks to taxpayers would have been more positive, as the Bush "rebates" demonstrate. The ARRA was a clusterfuck, a complete disaster.

ARRA started in March 2009. Job losses in that month were 663,000. By August it fell to 216,000. From Sept 2009 to Dec 2011, non-farm employment has not had a net lose in any month. During this period, the unemployment rate has fallen 15%.

http://www.bls.gov/news.release/pdf/empsit.pdf

Does that mean the chart in the report you linked to that shows unemployment actually increasing in November is wrong?

 

[Billy000]

Eleven of 26 promises rated as kept. You are certainly right, it does speak for itself.

You really like to distort the facts, don't you? He's kept 160 promises and has only broken 56. Some were stalled. Some had "compromise". 175 of them are "in the works".

HIs record isn't perfect, but it's pretty damn good.

Me distort the facts? I counted the promises at the first link you posted and posted the exact count, that is not distorting anything.

And yet you ignore the links I posted...

 

[Uncensored2008]

And yet you ignore the links I posted...

With all due respect Billy, if we want your opinion, we'll log on to ThinkProgress and read it directly.

 

[Lovebears65]

Obama, when campaigning said he would cut our debt in half by the end of his first time.Time is ticking Mr President.. Wait. maybe he meant he would quadruple it![ame=http://www.youtube.com/watch?v=SaQUU2ZL6D8]Obama will cut deficit in half FEB 2009 - YouTube[/ame]

 

[Flopper]

So, once passed, the unemployment rate stayed steady or improved?

Otherwise, what you claim is demonstrably false.



So you acknowledge that it was a scam? Smoke and mirrors designed to deceive the American public?

I applaud your honesty. Of course you are correct, there was no intent to improve the economy, this was a looting of the public treasury by the well connected, ergo the "pork" in "Porkulus."



Really?

Is that what the Obama administration claimed when pushing passage? Or is that just a rewrite of history to cover for the abysmal failure of the program?



There is absolutely no evidence to support such a claim. The effect of sending out checks to taxpayers would have been more positive, as the Bush "rebates" demonstrate. The ARRA was a clusterfuck, a complete disaster.

ARRA started in March 2009. Job losses in that month were 663,000. By August it fell to 216,000. From Sept 2009 to Dec 2011, non-farm employment has not had a net lose in any month. During this period, the unemployment rate has fallen 15%.

http://www.bls.gov/news.release/pdf/empsit.pdf

Does that mean the chart in the report you linked to that shows unemployment actually increasing in November is wrong?

The unemployment rate, U3 is based on the number seeking work, so you can definitely have a positive increase in non-farm labor while unemployment rises.

 

[Quantum Windbag]

You really like to distort the facts, don't you? He's kept 160 promises and has only broken 56. Some were stalled. Some had "compromise". 175 of them are "in the works".

HIs record isn't perfect, but it's pretty damn good.

Me distort the facts? I counted the promises at the first link you posted and posted the exact count, that is not distorting anything.

And yet you ignore the links I posted...

I am not ignoring anything. This thread is about the list of accomplishments on the economy, which makes promises he kept in other areas irrelevant. The fact is that I so destroyed your premise that you have to resort to claiming he kept most of his promises rather than backing up you false premise. That makes you the one ignoring facts, not me.

 

[Quantum Windbag]

ARRA started in March 2009. Job losses in that month were 663,000. By August it fell to 216,000. From Sept 2009 to Dec 2011, non-farm employment has not had a net lose in any month. During this period, the unemployment rate has fallen 15%.

http://www.bls.gov/news.release/pdf/empsit.pdf

Does that mean the chart in the report you linked to that shows unemployment actually increasing in November is wrong?

The unemployment rate, U3 is based on the number seeking work, so you can definitely have a positive increase in non-farm labor while unemployment rises.

Interesting, except the second chart shows a drop in non farm employment after they factor in seasonal adjustments.

 

[Chris]

 

[Rinata]

You are so predictable. Imagine my asking you to have something to say besides petty insults. Silly me.

Do you view Obama as your daddy? Do you see him sitting in Washington deciding how you can best live your life, with wisdom you can never hope to have? As long as you obey, and NEVER question, then he can do what is best for you?

Congratulations!! That is the stupidest post you have ever done. But I'm sure you'll outdo yourself at some point.