My super mind powers are the only thing keeping the Earth from slipping away from the Sun's gravitational field and drifting off into space...thereby sealing our doom.WASHINGTON (Reuters) - President Barack Obama said on Wednesday a $787 billion stimulus program helped the United States avoid dipping into an economic depression.
even if it had, Republicans would say it wasn't worth itjhay78 wrote: I heard it also prevented cancer in about 3 million people, prevented a major earthquake from hitting California, and prevented 7 large meteors from hitting Earth.
The stimulus saved us from a depression in the same way it stopped unemployment from topping 8 percent.ptown_trojans_1 wrote: It is so hard to prove that it did or did not save it. One can point to indicators, but it is something we will never know.
Sure, the economy was teetering, but a depression, one cannot prove.
a third of of the stimulus bill was tax cuts...(yeah yeah, tax cuts are no good now in the eyes of conservatives anymore unless they are reductions in rate brackets across the board)...but the point remains that this guy, jhay, is just spouting political rhetoric and doesn't actually know anything about the bill. (much like most of our Congress when they voted for it).jhay78 wrote: Why is it still being called a "stimulus" program. Everyone knows it was the largest SPENDING bill ever, a credit card with no limit for Dems and their wish lists.
The government cannot stimulate an economy or create jobs by spending money. You can't take money from the private sector (taxes) and create "jobs" and call it a stimulus.
Adjusting the withholding tables does not = tax cuts.BoatShoes wrote:a third of of the stimulus bill was tax cuts...(yeah yeah, tax cuts are no good now in the eyes of conservatives anymore unless they are reductions in rate brackets across the board)...but the point remains that this guy, jhay, is just spouting political rhetoric and doesn't actually know anything about the bill. (much like most of our Congress when they voted for it).jhay78 wrote: Why is it still being called a "stimulus" program. Everyone knows it was the largest SPENDING bill ever, a credit card with no limit for Dems and their wish lists.
The government cannot stimulate an economy or create jobs by spending money. You can't take money from the private sector (taxes) and create "jobs" and call it a stimulus.
And Obama knows this as well. Which makes his statement of fact untrue. Otherwise known as a lie.ptown_trojans_1 wrote: It is so hard to prove that it did or did not save it. One can point to indicators, but it is something we will never know.
Sure, the economy was teetering, but a depression, one cannot prove.
Saved or cured cancer for sure.....jhay78 wrote: I heard it also prevented cancer in about 3 million people, prevented a major earthquake from hitting California, and prevented 7 large meteors from hitting Earth.
Many are confusing the TARP with the 'Stimulus'. The TARP (signed by Bush) may have prevented a banking collapse. The Stimulus (signed by Obama) is a massive spending boondoggle and is one large transfer payment, nothing more / nothing less. Change we can believe in ........Bigdogg wrote: The majority of the so called experts agreed that without some kind of stimulus package, the US economy was going to collapse. Since I doubt that we have any people on here that were smart enough to be consulted with before Bush and both party's agreed to pass the initial stimulus package, I'll think I take their word on it.
^^^^ This.QuakerOats wrote:Many are confusing the TARP with the 'Stimulus'. The TARP (signed by Bush) may have prevented a banking collapse. The Stimulus (signed by Obama) is a massive spending boondoggle and is one large transfer payment, nothing more / nothing less. Change we can believe in ........Bigdogg wrote: The majority of the so called experts agreed that without some kind of stimulus package, the US economy was going to collapse. Since I doubt that we have any people on here that were smart enough to be consulted with before Bush and both party's agreed to pass the initial stimulus package, I'll think I take their word on it.
Sorry it's not a fact its YOUR humble opinion. I was once told when the experts disagree the rest of the idiots are free to have an opinion. I do not think anyone came prove one way or the other TARP or The stimulus program prevented a world economic collapse at this point in time. That's something that needs some time to evaluate and one year is way too early to make an accurate assessment. I think it is something that will be studyed and debated for a long time.fish82 wrote:^^^^ This.QuakerOats wrote:Many are confusing the TARP with the 'Stimulus'. The TARP (signed by Bush) may have prevented a banking collapse. The Stimulus (signed by Obama) is a massive spending boondoggle and is one large transfer payment, nothing more / nothing less. Change we can believe in ........Bigdogg wrote: The majority of the so called experts agreed that without some kind of stimulus package, the US economy was going to collapse. Since I doubt that we have any people on here that were smart enough to be consulted with before Bush and both party's agreed to pass the initial stimulus package, I'll think I take their word on it.
TARP may have saved the financial system from collapse. Maybe.
The "stimulus" didn't save us from jack shit. That's a fact.
At one time, the majority of experts believed the Earth to be flat. A majority opinion is not necessarily the correct one. As often as not, it isn't.Bigdogg wrote: The majority of the so called experts agreed that without some kind of stimulus package, the US economy was going to collapse.