Myth Debunked: Obama Stimulus Failed

[Toddsterpatriot]

Obama promised if we did the stimulus that unemployment would not go over 8 percent. It has been over 8 percent for how long now and still counting.. Where are all those shovel ready jobs.. Oh yeah, they did not have any giggle (obama laughing) ..

predictions are promises?

He predicted the ACA would save money.
That prediction is just as bad as his stimulus prediction.
With that track record, I predict he'll lose in November.

 

[Oddball]

Didn't know that leftbat cartoonists at Politico were such great economic experts.

 

[P@triot]

Obama promised if we did the stimulus that unemployment would not go over 8 percent. It has been over 8 percent for how long now and still counting.. Where are all those shovel ready jobs.. Oh yeah, they did not have any giggle (obama laughing) ..

Obama Projected that if Stimulus passed immediately, we could keep unemployment under 8 percent. Given that the Republicans stonewalled while we were losing 770,000 jobs a month, Unemployment was already over eight percent by the time Stimulus passed

The idea was to give money to the states for shovel ready projects. Some states came up with them, some didn't

Either way, Obama saved a depression

Yes, yes...we keep hearing this unsupportable claim.

Obama stopped the earth from leaving it's orbit too.

Pull your head of out Valarie Jarrett's ass and get some fresh air.

That's the beauty of their failed ideology. They collapse everything, tax prosperity into failure, spend us into oblivion, and when you present the undeniable numbers to them, they just cry "could have been worse"

Seriously, forget "Hope & Change" - the battle cry of Obama supporters is "could have been worse" to the point where he should literally make that his new campaign slogan. "Hi, I'm Barack Obama, and I want you to remember - it could have been worse"

They have to make this absurd unsupportable claim because they can't make a supportable claim. The numbers prove he has been an epic failure.

 

[P@triot]

Stimulus prevented a depression and saved the auto and financial sectors

Not too shabby

Making the false and completely absurd claim that Obama "prevented a depression" would be like the right claiming GWB taking action in Iraq "prevented a nuclear holocaust and World War 4 that would have completely ended civilization and killed all humans".

You're such a tool. Obama has failed miserably, and the only thing you can do is falsely claim "it would have been worse" when in fact the numbers show that he made it worse.

 

[Londoner]

The only thing powerful enough to get us out of the Great Depression was the largest government spending project in history.

It was called WWII.

We could have made the bombs and dumped them into the ocean, but the stimulus would have functioned the same. It would have put people back to work, and those people would have spent money, and all this spending would have forced the capitalist to innovate and add jobs in order to capture that money.

The Right did not want the Obama stimulus to work. So they made sure that 1/4th of it was tax cuts; and then they proceeded to crush all his jobs bills.

The US needed a massive stimulus and the right made sure it never happened. And now they're repeating the mistakes of Europe: expansionary austerity.

 

[Toddsterpatriot]

The only thing powerful enough to get us out of the Great Depression was the largest government spending project in history.

It was called WWII.

We could have made the bombs and dumped them into the ocean, but the stimulus would have functioned the same. It would have put people back to work, and those people would have spent money, and all this spending would have forced the capitalist to innovate and add jobs in order to capture that money.

The Right did not want the Obama stimulus to work. So they made sure that 1/4th of it was tax cuts; and then they proceeded to crush all his jobs bills.

The US needed a massive stimulus and the right made sure it never happened. And now they're repeating the mistakes of Europe: expansionary austerity.

and then they proceeded to crush all his jobs bills.

He wanted more wasteful spending?
And you're sad he was stopped?
$5 trillion in additional deficit spending isn't enough stimulus for you?
How much did we need, $10 trillion?

 

[P@triot]

The only thing powerful enough to get us out of the Great Depression was the largest government spending project in history.

It was called WWII.

We could have made the bombs and dumped them into the ocean, but the stimulus would have functioned the same. It would have put people back to work, and those people would have spent money, and all this spending would have forced the capitalist to innovate and add jobs in order to capture that money.

The Right did not want the Obama stimulus to work. So they made sure that 1/4th of it was tax cuts; and then they proceeded to crush all his jobs bills.

The US needed a massive stimulus and the right made sure it never happened. And now they're repeating the mistakes of Europe: expansionary austerity.

You really illustrate the idiocy of the left. No matter how much they spend, no matter how much they trample on the Constituion, no matter how many communist-style stiffling regulations they implement, the inevitable failure of their policies is followed with "but if we only do more of this" it will work eventually.

Here is the reality (the thing that liberals refuse to accept - reality) - Barack Obama got every single damn bill he asked for. Every one of them. He asked for the first stimulus spending, he got the American Recovery and Reinvestment Act (2009). He asked for finance reform, he got the Dodd-Frank WallStreet Reform and Consumer Protection Act (2011), the Credit Card Accountability Responsibility and Disclosure Act (2011), the Homebuyer Assistance and Improvement Act (2011), and a shit load more that I don't have time to add. He asked for Obamacare, and got the Patient Protection and Affordable Care Act (2010). He asked for a second round of stimulus and got the Omnibus Trade Act (2010).

I think that is more than sufficient evidence that Barack Obama got everything he wanted and it's just glaring evidence that his entire ideology and philosophy (ie Marxism) is a spectacular failure. The sad part is, neither he or you can accept the truth about his failure.

 

[rightwinger]

Didn't know that leftbat cartoonists at Politico were such great economic experts.

Your political cartoon really does highlight the problem with the stimulus. Our previously largest economic crisis occurred under FDR and Reagan. Both were given adequate economic resources to combat an economic crisis. FDR spent money on infrastructure, Reagan spent money on defense

Republicans blocked Obama from additional government resources after they couldn't stop the first stimulus. They even cut Government spending and fired government workers to make the economy worse

 

[rightwinger]

Stimulus prevented a depression and saved the auto and financial sectors

Not too shabby

Making the false and completely absurd claim that Obama "prevented a depression" would be like the right claiming GWB taking action in Iraq "prevented a nuclear holocaust and World War 4 that would have completely ended civilization and killed all humans".

You're such a tool. Obama has failed miserably, and the only thing you can do is falsely claim "it would have been worse" when in fact the numbers show that he made it worse.

Read it and weep pal...

Economy losing 770,000 jobs a month
Five quarters of negative GDP
Auto industry and Financial sector bordering collapse
Stock Market dropped 7500 points

If that is not heading for depression.....what is?

Since Stimulus and TARP passed in Feb 2009

Economy gaining 100,000 jobs a month
Twelve straight quarters of positive GDP
Auto industry thriving, banks stable
Stock Market up 6000 points

Under Republicans the solution was .....let the market work itself out, let the auto companies fail, Economic Darwinism

In other words......Depression

 

[P@triot]

Stimulus prevented a depression and saved the auto and financial sectors

Not too shabby

Making the false and completely absurd claim that Obama "prevented a depression" would be like the right claiming GWB taking action in Iraq "prevented a nuclear holocaust and World War 4 that would have completely ended civilization and killed all humans".

You're such a tool. Obama has failed miserably, and the only thing you can do is falsely claim "it would have been worse" when in fact the numbers show that he made it worse.

Read it and weep pal...

Economy losing 770,000 jobs a month
Five quarters of negative GDP
Auto industry and Financial sector bordering collapse
Stock Market dropped 7500 points

If that is not heading for depression.....what is?

Since Stimulus and TARP passed in Feb 2009

Economy gaining 100,000 jobs a month
Twelve straight quarters of positive GDP
Auto industry thriving, banks stable
Stock Market up 6000 points

Under Republicans the solution was .....let the market work itself out, let the auto companies fail, Economic Darwinism

In other words......Depression

Read it and weep pal

Economy has HIGHER unemmployment under Obama than it ever had under Bush
Longest period of +8% unemployment in US history sans the Great Depression
Added more to the national debt during his time than all US Presidents in history combined
Entire nation bordering on collapse

If that's not failure..... what is?

Do you know how stupid you sound to keep citing false numbers about jobs lost under Bush when unemployment is HIGHER under Obama!?!? Only an idiot like you could try to spin unemployment numbers that are worse under your ideology

 

[P@triot]

Stimulus prevented a depression and saved the auto and financial sectors

Not too shabby

Making the false and completely absurd claim that Obama "prevented a depression" would be like the right claiming GWB taking action in Iraq "prevented a nuclear holocaust and World War 4 that would have completely ended civilization and killed all humans".

You're such a tool. Obama has failed miserably, and the only thing you can do is falsely claim "it would have been worse" when in fact the numbers show that he made it worse.

Read it and weep pal...

Economy losing 770,000 jobs a month
Five quarters of negative GDP
Auto industry and Financial sector bordering collapse
Stock Market dropped 7500 points

If that is not heading for depression.....what is?

Since Stimulus and TARP passed in Feb 2009

Economy gaining 100,000 jobs a month
Twelve straight quarters of positive GDP
Auto industry thriving, banks stable
Stock Market up 6000 points

Under Republicans the solution was .....let the market work itself out, let the auto companies fail, Economic Darwinism

In other words......Depression

You're the typical liberal parasite. You're so lazy and greedy, you would rather see the entire nation collapse so you can continue to get handouts from the government that will ultimately end with everyone sharing in your misery, than sacrifice for the good of the nation.

Shows how radical the left has become. The former golden boy of the party once famously stated "Ask not, what your country can do for you - but rather, what you can do for your country". Now, the greedy, lazy liberal asks "what can everyone do and give me. How can I suck this nation dry"?

 

[rightwinger]

Making the false and completely absurd claim that Obama "prevented a depression" would be like the right claiming GWB taking action in Iraq "prevented a nuclear holocaust and World War 4 that would have completely ended civilization and killed all humans".

You're such a tool. Obama has failed miserably, and the only thing you can do is falsely claim "it would have been worse" when in fact the numbers show that he made it worse.

Read it and weep pal...

Economy losing 770,000 jobs a month
Five quarters of negative GDP
Auto industry and Financial sector bordering collapse
Stock Market dropped 7500 points

If that is not heading for depression.....what is?

Since Stimulus and TARP passed in Feb 2009

Economy gaining 100,000 jobs a month
Twelve straight quarters of positive GDP
Auto industry thriving, banks stable
Stock Market up 6000 points

Under Republicans the solution was .....let the market work itself out, let the auto companies fail, Economic Darwinism

In other words......Depression

Read it and weep pal

Economy has HIGHER unemmployment under Obama than it ever had under Bush
Longest period of +8% unemployment in US history sans the Great Depression
Added more to the national debt during his time than all US Presidents in history combined
Entire nation bordering on collapse

If that's not failure..... what is?

Do you know how stupid you sound to keep citing false numbers about jobs lost under Bush when unemployment is HIGHER under Obama!?!? Only an idiot like you could try to spin unemployment numbers that are worse under your ideology

Hate to break your bubble pal

All those lost jobs were from Bush's Recession

Bush created one million jobs in his eight years in office and gave Obama an economy losing 770,000 jobs a month

Let's do a little history lesson

Bush...

Given a stock market at 10750..... Left a market at 8150
Given a budget SURPLUS.........Left $5 trillion in debt
Given a world at peace.....started two wars
Given a robust housing market......left a housing collapse
Given a strong financial market.....left a market in ruin


THAT is what Obama was given to work with

 

[rightwinger]

Making the false and completely absurd claim that Obama "prevented a depression" would be like the right claiming GWB taking action in Iraq "prevented a nuclear holocaust and World War 4 that would have completely ended civilization and killed all humans".

You're such a tool. Obama has failed miserably, and the only thing you can do is falsely claim "it would have been worse" when in fact the numbers show that he made it worse.

Read it and weep pal...

Economy losing 770,000 jobs a month
Five quarters of negative GDP
Auto industry and Financial sector bordering collapse
Stock Market dropped 7500 points

If that is not heading for depression.....what is?

Since Stimulus and TARP passed in Feb 2009

Economy gaining 100,000 jobs a month
Twelve straight quarters of positive GDP
Auto industry thriving, banks stable
Stock Market up 6000 points

Under Republicans the solution was .....let the market work itself out, let the auto companies fail, Economic Darwinism

In other words......Depression

You're the typical liberal parasite. You're so lazy and greedy, you would rather see the entire nation collapse so you can continue to get handouts from the government that will ultimately end with everyone sharing in your misery, than sacrifice for the good of the nation.

Shows how radical the left has become. The former golden boy of the party once famously stated "Ask not, what your country can do for you - but rather, what you can do for your country". Now, the greedy, lazy liberal asks "what can everyone do and give me. How can I suck this nation dry"?

Bush gave this nation an economic collapse......Obama stopped a Bush DEPRESSION

Do you know what JFK meant in his famous quote? Obviously not

 

[code1211]

If they can't hear, they can't hear - they can't hear, they can't hear.

The stimulus didn't fail, but they'd rather die than own THAT.

If the stimulus succeeded, why is the economy so unstimulated?

 

[code1211]

Last August, the nonpartisan Congressional Budget Office estimated that the stimulus package created between 1.4 and 4 million jobs.

I have had this conversation before about this.
Can we narrow the gap a bit more here.

Did it create
1 million or
4 million...

Until someone does that these numbers are meaningless...
How can you guys post this.
You stick out your chest like you have this smoking gun evidence to shut the right up
and you have a spread like that...

Well it could be 1 million
or let me see.....maybe it was 4 million...

Yeh that's it that's the ticket...

Pretty weak.

estimates. btw, creating jobs is what the stimulus has done. myth debunked

The public sector jobs that the stimulus briefly supported are now gone. The tax base is still abbreviated. If this your idea of success, you have a poor idea.

In my first "real job", an old timer with a wry wit repeated that he'd been down so long it was starting to look like up.

You and he seem to share a point of view.

 

[code1211]

Myth Debunked: Obama Stimulus Failed

4. Obama’s stimulus failed.

This has become a GOP talking point, repeated by everyone from John Boehner to Karl Rove to Romney. It isn’t true.

Objecting to various provisions of the stimulus or believing that it worsened the deficit isn’t the same as deeming it a failure. When the Obama administration was little more than a year old, three of the best-known economic research firms — IHS Global Insight, Macroeconomic Advisers and Moody’s Economy — all said the stimulus, which almost every Republican in Congress opposed, would create more than 2.5 million jobs. Last August, the nonpartisan Congressional Budget Office estimated that the stimulus package created between 1.4 and 4 million jobs. Even Mark Zandi, one of McCain’s economic advisers in 2008, has called the stimulus “a significant benefit to the economy’s performance.”

Five myths about Barack Obama - The Washington Post

1) three of the best-known economic research firms — IHS Global Insight, Macroeconomic Advisers and Moody’s Economy — all said the stimulus, which almost every Republican in Congress opposed, would create more than 2.5 million jobs.

2) the nonpartisan Congressional Budget Office estimated that the stimulus package created between 1.4 and 4 million jobs.

3) Mark Zandi, one of McCain’s economic advisers in 2008, has called the stimulus “a significant benefit to the economy’s performance.”

Myth debunked

Five myths about Barack Obama - The Washington Post

If you ask 10 economists the same question, you'll get 10 different answers.

Let's assume that the Big 0 had it exactly right and that his Failed Stimulus actually succeeded. That would mean that every other person on the planet is wrong.

It seems easier to blue the guy that planned and executed the failure than it is to blame everyone who was simply victimized by his ineptitude.

 

[code1211]

Stimulus prevented a depression and saved the auto and financial sectors

Not too shabby

The stimulus needed to be bigger, but I think he got a pretty good bang for his buck.

Well, let's add it up. He's pissed away 5 trillion dollars for 2.5 million saved or created jobs.

Is that more or less than 250,000 each?

He should have created literally thousands of millionaires with this.

How's that working out for you?

 

[P@triot]

Hate to break your bubble pal. All those lost jobs were from Bush's Recession

June jobs data, due this week, are expected to be grim:

June unemployment data, due for release this week, are likely to confirm a slowdown in hiring. Economists expect the June rate to round out a dismal second quarter in job creation. "We really need to see job creation pick up" said Paul Dales, a senior U.S. economist at Capital Economics.

Ok stupid, lets hear you asinine liberal spin. George W. Bush has been gone for almost 4 full years now and Barack Obama has spent around $2 trillion to "fix" the problem. You have to get creative here to keep trying to explain away failure.

 

[Listening]

Read it and weep pal...

Economy losing 770,000 jobs a month
Five quarters of negative GDP
Auto industry and Financial sector bordering collapse
Stock Market dropped 7500 points

If that is not heading for depression.....what is?

Since Stimulus and TARP passed in Feb 2009

Economy gaining 100,000 jobs a month
Twelve straight quarters of positive GDP
Auto industry thriving, banks stable
Stock Market up 6000 points

Under Republicans the solution was .....let the market work itself out, let the auto companies fail, Economic Darwinism

In other words......Depression

You're the typical liberal parasite. You're so lazy and greedy, you would rather see the entire nation collapse so you can continue to get handouts from the government that will ultimately end with everyone sharing in your misery, than sacrifice for the good of the nation.

Shows how radical the left has become. The former golden boy of the party once famously stated "Ask not, what your country can do for you - but rather, what you can do for your country". Now, the greedy, lazy liberal asks "what can everyone do and give me. How can I suck this nation dry"?

Bush gave this nation an economic collapse......Obama stopped a Bush DEPRESSION

Do you know what JFK meant in his famous quote? Obviously not

Yes, he stopped it by so meddling in things that companies sat (and continue to sit) on cash they could have used for investment.

Sorry, but the stimulus failed. If it was only 1 dollar...it was 1 dollar to much.

 

[Too Tall]

Stimulus prevented a depression and saved the auto and financial sectors

Not too shabby

Saved the auto industry. If GM had shut down all of their plants, a venture capitalist would have bought them and had the production lines back running in a week.