the trillion dollar ‘Stimulus’ bill which is widely considered a colossal failure and waste of US tax dollars as well.
by whom?
Let’s start with Obama’s stimulus. The standard Republican talking point is that it failed, meaning it didn’t reduce unemployment. Yet in a survey of leading economists conducted by the University of Chicago’s Booth School of Business, 92 percent agreed that the stimulus succeeded in reducing the jobless rate. On the harder question of whether the benefit exceeded the cost, more than half thought it did, one in three was uncertain, and fewer than one in six disagreed.
The U.S. Economic Policy Debate Is a Sham
The real economy also responded to the massive stimulus but remained heavily dependent on it. In the United States, growth during the second half of 2009 probably averaged about 3 percent. Absent temporary fiscal stimulus and inventory rebuilding, which taken together added about 4 percentage points to U.S. growth, the economy would have contracted at about a 1 percent annual rate during the second half of 2009.
The Year Ahead
These are the opinions of ECONOMISTS.....what does Hoft do for a living? Shears sheep from the looks of it..
This is why Hoft is a ******* imbecile....if it "failed" then what "kicked in"?
in Obama’s first year leading to Obama’s first year deficit of $1.4 trillion.
Please pass the word to all your fellow morons...
FY2009 began Oct 1, 2008.....DO YOU THINK YOU PEOPLE CAN REMEMBER THIS?
Uh....no.....the Debt doubled, but the vast bulk of that increase is the Legacy of Supply Side Idiocy, Part Deux....It is something economists call "Structural Deficit"...They wouldn't have had reason to cover it in your Home Ec courses...
and set records for highest deficits
No....the highest deficit was that of FY 2009.....do you remember what you were told a few seconds ago about who submitted the WH budget proposal for FY 2009?
and the largest debt increase by any President ever...
EVERY president establishes that record.......nominally....
on a RELATIVE basis, Reagan's TRIPLING remains the outlier....