Obama's Stimulus Failure

Discussion in 'Politics' started by Sinatra, Jun 7, 2010.

  1. Sinatra
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    Sinatra Senior Member

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    The backlash against Obama and the Democrats regarding the near-trillion dollar special interest boondogle known as the Obama stimulus plan has been nothing short of an outright failure of policy that has done far more harm than good.

    As can be seen and heard from this MSNBC video link - "The Stimulus Failed."
    ____

    And from Heritage:

    For objective observers the failure of President Obama’s $862 billion stimulus has become increasingly difficult to deny.

    ...Our nation’s unemployment rate is hovering near 10% not because of record job losses, as Biden suggests, but because of record job non-creation. Private sector employers have gone on strike. Contrary to what the President’s economic wizards and New York Times columnists believe, massive government deficit spending does not stimulate job creation. President Obama does not have a secret vault of money he can just throw at the American people. The resources the government spends come from the economy. When the government increases spending, it crowds out the resources that business owners could have invested in their enterprises. Private investment falls sharply when government spending rises. According to Sherk, annual private fixed nonresidential investment has fallen by $327 billion since the recession started— a 19 percent drop. Less private investment means less hiring.
    _____

    Hot Air Video: “The stimulus failed”
     
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  2. Sinatra
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    Sinatra Senior Member

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    Nancy Pelosi saying they had to pass the healthcare bill to find out what was in it.

    That pretty much sums up the loopy-strange universe this current crop of neo-progressive libs are residing in.
     
  3. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    No MSNBC linky?
     
  4. Sinatra
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    Sinatra Senior Member

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    MSNBC link is within the HotAir link...
     
  5. syrenn
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    syrenn BANNED

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    Rather like her calling the country a refrigerator and its citizens idiots.

    ”It’s like the back of the refrigerator. You see all these wires and the rest,” said Pelosi. “All you need to know is, you open the door. The light goes on".

     
  6. RDD_1210
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    RDD_1210 Forms his own opinions

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    Please explain the difference between the Stimulus plan bush passed through before he left office and Obamas stimulus plan.
     
  7. xsited1
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    xsited1 Agent P

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    Some people say Bush's stimulus package was necessary to prevent a total meltdown of the banking industry. I disagree. But you do make a good point which brings me to my favorite bumper sticker:

    [​IMG]
     
  8. theDoctorisIn
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    theDoctorisIn Senior Mod Staff Member Senior USMB Moderator

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    I have a question. How can Obama simultaneously be Bush's third term, and a far-left Marxist/Socialist?
     
  9. xsited1
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    xsited1 Agent P

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    Considering that Bush was an LBJ-style Democrat, I wonder. :eusa_whistle:
     
  10. theDoctorisIn
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    theDoctorisIn Senior Mod Staff Member Senior USMB Moderator

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    Wait, so you're saying that Bush was a far-left Marxist/Socialist?
     

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