Myth Debunked: Obama Stimulus Failed

[rightwinger]

No, it was not. But keep making stupid shit up as you go.

The Differences Between TARP And The Economic Stimulus Package
There is confusion over the American Recovery and Reinvestment Act of 2009 (also known as the economic stimulus package) and the Emergency Economic Stabilization Act of 2008, also known as the Troubled Assets Relief Program (TARP).
Some people have taken liberties with both, lumping TARP in with the economic stimulus package and saying that they oppose the economic stimulus package because of TARP. However, TARP was not meant to stimulate anything. '

the albany project:: The Differences Between TARP And The Economic Stimulus Package


Now, this is where you change your story again.

Well ...let's see

Republicans opposed both
Both TARP AND Stimulus combined to stave off a depression and reverse an economy in complete collapse.

Neither could have done it on their own....Republicans tried to block both

Didn't Bush pass TARP or am I missing something?

Yup TARP 1

Bush finally learned to tell Cheney and the supply siders to fuck themselves

Banks and auto industry came to Obama for TARP 2...... Guess who voted against it?

 

[SniperFire]

We were told if the stimulus was passed unemployment would not go above 8%. What is the current unemployment rate?

FAIL

Unemployment was already above 8% when stimulus passed

Maybe if Republicans had not slowed down the passing of stimulus

This is an easy one. You seem sure of yourself.

When was Stimulus passed, and when did unemployment cross 8%?

 

[rightwinger]

We were told if the stimulus was passed unemployment would not go above 8%. What is the current unemployment rate?

FAIL

Unemployment was already above 8% when stimulus passed

Maybe if Republicans had not slowed down the passing of stimulus

This is an easy one. You seem sure of yourself.

When was Stimulus passed, and when did unemployment cross 8%?

Off the top of my head....

Unemployment was at 7.8% when Obama took office and we were losing 770,000 jobs a month

Stimulus was late Feb

 

[SniperFire]

FAIL

Unemployment was already above 8% when stimulus passed

Maybe if Republicans had not slowed down the passing of stimulus

This is an easy one. You seem sure of yourself.

When was Stimulus passed, and when did unemployment cross 8%?

Off the top of my head....

Unemployment was at 7.8% when Obama took office and we were losing 770,000 jobs a month

Stimulus was late Feb

So you are lying again, aren't you?

 

[Dante]

oops repost:

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

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

Obviously. It kept unemployment from going over 8%.

Hold onto that.

A prediction doesn't come true and you have a nervous breakdown?

pre·dic·tion/priˈdikSHən/
Noun:
A thing predicted; a forecast.
The action of predicting something.

Synonyms:
prophecy - prognostication - forecast - augury

 

[SniperFire]

 

[Rozman]

Just wondering Libs...
Where are we today 3 plus years into this administration in regards to....
Unemployment.
Housing...
Food Stamps...
Consumer confidence.
Uniting this country...Wasn't he the guy who was gonna be transparent about everything.
That's why he made deals behind close doors to force Health Care through.

The way it looks 13 hrs from now we will learn the fate on ObamaCare...

 

[blackhawk]

We were told if the stimulus was passed unemployment would not go above 8%. What is the current unemployment rate?

then you're an idiot. no one can guarantee a specific number of jobs. that is voodoo science.

I was not the one who said it that was the current administration I suggest you point your idiot label at those who said it.

 

[rightwinger]

This is an easy one. You seem sure of yourself.

When was Stimulus passed, and when did unemployment cross 8%?

Off the top of my head....

Unemployment was at 7.8% when Obama took office and we were losing 770,000 jobs a month

Stimulus was late Feb

So you are lying again, aren't you?

Link

 

[SniperFire]

Off the top of my head....

Unemployment was at 7.8% when Obama took office and we were losing 770,000 jobs a month

Stimulus was late Feb

So you are lying again, aren't you?

Link

See the chart. You are strictly Junior Varsity.

 

[Rozman]

We were told if the stimulus was passed unemployment would not go above 8%. What is the current unemployment rate?

then you're an idiot. no one can guarantee a specific number of jobs. that is voodoo science.

I was not the one who said it that was the current administration I suggest you point your idiot label at those who said it.

I think the first Stimulus was just to kick things off.
Then the Second Stimulus was gonna be the Salad course.
Then the third Stimulus was the soup course.
On and on we go.....

Then the smartest Economist to walk the Planet Paul Krugman stands up and
announces Stimulus failed.....

Hey wait a second.....

Paul Krugman said Stinulus failed because it didn't spend enough....

All I have been hearing from the left tonight was what a huge success Stimulus was.
Krugman said it failed.......

 

[ConservaDerrps]

Stimulus prevented a depression and saved the auto and financial sectors

Not too shabby

No, Stimulus did NOT save the auto and financial sectors.

Orly?

What did?

 

[SniperFire]

Stimulus prevented a depression and saved the auto and financial sectors

Not too shabby

No, Stimulus did NOT save the auto and financial sectors.

Orly?

What did?

Read the thread, you ignorant ass.

 

[Toddsterpatriot]

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

Great job! An extra $5 trillion in debt and we still have fewer jobs than the day he walked into the Oval Office.

The USA was losing how many jobs a day before Obama came in? He slowed down the flow of jobs dying and then stopped it, and you have the imbecilic notion that that equals a bad thing?

He himself admitted if he didn't get the economy turned around in 3 years, he'd be a one-termer. For once, he's right.

 

[Toddsterpatriot]

oops repost:

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

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

Obviously. It kept unemployment from going over 8%.

Hold onto that.

A prediction doesn't come true and you have a nervous breakdown?

pre·dic·tion/priˈdikSHən/
Noun:
A thing predicted; a forecast.
The action of predicting something.

Synonyms:
prophecy - prognostication - forecast - augury

They used the prediction as the reason to waste $800 billion. Yes, I'm upset about that.

 

[ConservaDerrps]

No, Stimulus did NOT save the auto and financial sectors.

Orly?

What did?

Read the thread, you ignorant ass.

Oh.

So what did?

 

[blackhawk]

We were told if the stimulus was passed unemployment would not go above 8%. What is the current unemployment rate?

FAIL

Unemployment was already above 8% when stimulus passed

Maybe if Republicans had not slowed down the passing of stimulus

President Obama signed the stimulus into law February 17th 2009 he was sworn in on January 20th 2009 and the unemployment rate was 7.6 percent so your claim is it rose to over 8% in less than a month before the stimulus was passed. If the stimulus worked as great and was as big a success as is being claimed shouldn't it have dropped unemployment back below 8% after it was passed?

 

[rightwinger]

Just wondering Libs...
Where are we today 3 plus years into this administration in regards to....
Unemployment.
losing 770,000 jobs when republicans leafy office, averaging 100,000 added since. A swing of almost 900,00 jobs a month

Housing...

Housing market collapsed under the Republicans, Inventory is way down, prices are edging up, home sales up five straight months foreclosures are down
Food stamps. Republican economic collapse forced more Americans onto food stamps....Republicans have tried to block it. R

Consumer confidence.
. compared to Bush? Way up

Uniting this country...Wasn't he the guy who was gonna be transparent about everything.

. As soon as Republicans found they would not be calling the shots, they made sure nobody would call the shots. Republicans locked up Congress for spite
That's why he made deals behind close doors to force Health Care through.

The way it looks 13 hrs from now we will learn the fate on ObamaCare...

See above

 

[Rozman]

Man i just noticed....
I have been here 3 years and only have 3,500 posts....

 

[rightwinger]

We were told if the stimulus was passed unemployment would not go above 8%. What is the current unemployment rate?

FAIL

Unemployment was already above 8% when stimulus passed

Maybe if Republicans had not slowed down the passing of stimulus

President Obama signed the stimulus into law February 17th 2009 he was sworn in on January 20th 2009 and the unemployment rate was 7.6 percent so your claim is it rose to over 8% in less than a month before the stimulus was passed. If the stimulus worked as great and was as big a success as is being claimed shouldn't it have dropped unemployment back below 8% after it was passed?

Did you read what you just posted?

Stimulus is supposed to work before it even passes? Do you know what losing 770,000 jobs a month does to your unemployment rate?

Unemployment was at 7.8% when Obama took office. It was well above 8% when stimulus passed. It eventually reached 10.2% before reversing and has dropped 2% since

For reference.......Unemployment ROSE 3.5% under Bush