youre wrong about the stimulus act

[Truthmatters]

You




You’re wrong about Obama’s stimulus act




By Michael Grunwald, Special to The Washington Post

Posted Aug. 12, 2012, at 5:23 a.m.











President Barack Obama talks about taxes Friday, Aug. 3, 2012, in the Old Executive Office building of the White House complex in Washington.

President Obama’s February 2009 stimulus bill, the $787 billion American Recovery and Reinvestment Act, was a political disaster.

It helped fuel the Republican revival of 2010 and now stars in Mitt Romney’s ads. The president even stopped uttering the word “stimulus.” But the bill was one of the most important and least understood pieces of legislation in modern history.

It was the purest distillation of what Obama meant by change, transforming our approaches to energy, education, health care, transportation and the economy, promoting long-term reinvestment as well as short-term recovery. Just about everything Americans think they know about it is wrong. Here are a few examples.

 

[asterism]

"The stimulus didn’t keep unemployment below 8 percent, as the Obama team predicted in an ill-advised report designed to help pass the bill."

Oh look, one from your side confirms that a prediction was made.

 

[asterism]

"But, as I detail in my new book on the stimulus, “The New New Deal,” the bill helped stop that free fall. Job losses peaked the month before it passed."

If job losses peaked before it passed then the stimulus can't be credited with reversing the trend.

 

[Truthmatters]

if you would have allowed Obama to impliment the stimulus act that he wanted and discussed in that memo then it would have stayed below 8

 

[Truthmatters]

Your party gamed the American peoples recovery to win the next election

 

[TakeAStepBack]

 

[Truthmatters]

wow what a brillent response

 

[Truthmatters]

The CBO says it worked

 

[California Girl]

I concur.

I think I smell desperation.

 

[Leweman]

You sure are.

 

[Truthmatters]

did the CBO say the stimulus worked?

 

[Truthmatters]

How do you explain away all the numbers that prove the stimulus worked?

 

[Leweman]

How do you explain away all the numbers that prove the stimulus worked?

You mean 8.3 percent unemployment? ... Oh maybe you mean 1.5 percent GDP growth? No... No perhaps you are referring to the 63.7 percent labor participation rate?
Low consumer confidence? High Food Prices? High Gas Prices? Those numbers?