Yet again the experts say the stimulus worked

Discussion in 'Economy' started by Truthmatters, May 4, 2012.

  1. Truthmatters
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    Economist's View: "Gauging the Benefits, Costs, and Sustainability of U.S. Stimulus"


    Did the stimulus work? According to a collaboration between Fitch Ratings and Oxford economics, the answer is yes:

    Government stimulus moves may have ended recession, by Jim Puzzanghera, Los Angeles Times: Without the unprecedented stimulus actions by the federal government triggered by the 2008 financial crisis, the Great Recession might still be going on, according to a study by Fitch Ratings. ...

    The boost from those policies helped the nation's gross domestic product increase 3% in 2010 and 1.7% last year; absent the stimulus, the U.S. "might still be mired in a recession," according to the study, done in conjunction with Oxford Economics.

    The U.S. economy would have seen little or no growth the last two years without the policies, the report says, and those actions appear "to have significantly softened the severity of the decline" in GDP in the year immediately after the recession ended in mid-2009.

    Though the Fed's monetary policy actions were helpful, fiscal stimulus by Congress and the White House "had the strongest positive impact on consumption during the recent recovery," the study found.
     
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  2. Truthmatters
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    Where would we be if Europe had not listened to their right wing hacks and done austerity?
     
  3. Truthmatters
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    Poor cons.

    Obama now owns the mantle of better economic ideas but also owns the mantle on better in protecting us.

    You guys have nothing left but the war on women
     
  4. Truthmatters
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    No wonder your party is dying
     
  5. PredFan
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    PredFan Gold Member

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    You ignore dozens of reports saying the stimulus did nothing, and cherry pick the one that said what you wanted to hear.

    The stimulus did do one thing though, it helped obama add 5 trillion dollars to the deficit.
     
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  6. Truthmatters
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    cherry pick?

    go get your studies clown
     
  7. PredFan
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    Whenever I ask you to prove your assinine comments you always refuse.
     
  8. Truthmatters
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    hahahahahahah


    You have nothing in the face of me provding information and then claim I provide no information to back my claims?


    you people are fucking insane
     
  9. Artevelde
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    Artevelde Senior Member

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    You are such a pathetic loser and liar. Facts clearly don't interest you.
     
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  10. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Obama admitted the Stimulus was a failure

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

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