Stimulus is Helping Economy

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Stimulus is helping economy, U.S. budget experts say | Reuters

Tue Aug 25, 2009 4:19pm EDT Email | Print | Share | Reprints | Single Page
By Andy Sullivan

WASHINGTON (Reuters) - The $787 billion stimulus package passed in February will fuel a recovery in the moribund U.S. economy this year, Congress' non-partisan budget watchdog said on Tuesday.

"Economic activity will begin to rebound in the second half of 2009, largely the result of fiscal stimulus," the Congressional Budget Office said in its assessment of the federal budget and U.S. economy.
 
Looks like the OMB paints a dimmer picture than the CBO...

Obama Raises 2010 Deficit Estimate to $1.5 Trillion (Update3) - Bloomberg.com

Excerpt:

Aug. 25 (Bloomberg) -- U.S. unemployment will surge to 10 percent this year and the budget deficit will be $1.5 trillion next year, both higher than previous Obama administration forecasts because of a recession that was deeper and longer than expected, White House budget chief Peter Orszag said.

The Office of Management and Budget forecasts a weaker economic recovery than it saw in May as the gross domestic product shrinks 2.8 percent this year before expanding 2 percent next year, according to the administration’s mid-year economic review issued today. The Congressional Budget Office, in a separate assessment, forecast the economy will grow 2.8 percent next year. Both see the GDP expanding 3.8 percent in 2011.
 
The stock market is up, consumer confidence is up, existing homes sales had their biggest jump in 30 years.

And it's all OBAMA's FAULT!!!
 
The stock market is up, consumer confidence is up, existing homes sales had their biggest jump in 30 years.

And it's all OBAMA's FAULT!!!

Kind of hard to buy stocks, consumer goods, and houses when you're laid off...


10% unemployment is just 'round the corner...
 
The stock market is up, consumer confidence is up, existing homes sales had their biggest jump in 30 years.

And it's all OBAMA's FAULT!!!

Kind of hard to buy stocks, consumer goods, and houses when you're laid off...


10% unemployment is just 'round the corner...

Not to worry, unemployment will recover when their benefits run out.
 
Anyone that believes the economy is better because the political whores have seen fit to spend more money we don't have, hasn't been paying attention.
 
Somehow this WONT be obama's fault..:muahaha:

The Republican lies won't work anymore.

After a while the truth wears them down.

And most FoxNews viewers are over 65.

So more of them are dying off every day.
 
The stock market is up, consumer confidence is up, existing homes sales had their biggest jump in 30 years.

And it's all OBAMA's FAULT!!!

Kind of hard to buy stocks, consumer goods, and houses when you're laid off...


10% unemployment is just 'round the corner...

Not to worry, unemployment will recover when their benefits run out.

I'm sure Barry 0bama will just extend the benefits and you libs will be praising him for it...
 
Somehow this WONT be obama's fault..:muahaha:

The Republican lies won't work anymore.

After a while the truth wears them down.

And most FoxNews viewers are over 65.

So more of them are dying off every day.

Being over 65 is not the issue....being uneducated and over 65 is what they are and that says it all for fox. That dem certainly wont get bigger. You are correct, they are dying off.
 
The stock market is up, consumer confidence is up, existing homes sales had their biggest jump in 30 years.

And it's all OBAMA's FAULT!!!

Kind of hard to buy stocks, consumer goods, and houses when you're laid off...


10% unemployment is just 'round the corner...

Couldn't have done with without the ACORN Stimulus Package

Funny how the porkulus package is actually expanding gubmint jobs, huh?

Funny.... Barrel of laughs....
 
The stock market is up, consumer confidence is up, existing homes sales had their biggest jump in 30 years.

And it's all OBAMA's FAULT!!!
Considering that many cons make money on the stock market and property, you'd think they'd be thrilled.
 
Stimulus is helping economy, U.S. budget experts say | Reuters

Tue Aug 25, 2009 4:19pm EDT Email | Print | Share | Reprints | Single Page
By Andy Sullivan

WASHINGTON (Reuters) - The $787 billion stimulus package passed in February will fuel a recovery in the moribund U.S. economy this year, Congress' non-partisan budget watchdog said on Tuesday.

"Economic activity will begin to rebound in the second half of 2009, largely the result of fiscal stimulus," the Congressional Budget Office said in its assessment of the federal budget and U.S. economy.

Our economy driven by mostly free-market capitalism is fixing the economy.....not the drunken spend-a-thon in Washington.
 
The stock market is up, consumer confidence is up, existing homes sales had their biggest jump in 30 years.

And it's all OBAMA's FAULT!!!
Considering that many cons make money on the stock market and property, you'd think they'd be thrilled.

If they knew it would last.....but...unfortunately...the Stimulus is gonna fuck everything up.
 

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