fish82
Posts: 4,111
Feb 17, 2010 11:12am
http://www.reuters.com/article/idUSTRE61G38U20100217
See how that works?
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.
See how that works?
ptown_trojans_1
Posts: 7,632
Feb 17, 2010 11:24am
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.
Sure, the economy was teetering, but a depression, one cannot prove.
B
BoatShoes
Posts: 5,703
Feb 17, 2010 11:29am
I think TARP had more to do with it than the economic stimulus if we take Ben Bernanke's reasoning for why the Great Depression happened.
C
cbus4life
Posts: 2,849
Feb 17, 2010 11:32am
Impossible to prove whether that was or was not the case.
The economy was certainly in dire straights...now, a depression, i don't know, but it certainly could have happened.
I don't think the rhetoric is that far off, maybe a little much, but still, fairly close.
The economy was certainly in dire straights...now, a depression, i don't know, but it certainly could have happened.
I don't think the rhetoric is that far off, maybe a little much, but still, fairly close.
jhay78
Posts: 1,917
Feb 17, 2010 12:19pm
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.
derek bomar
Posts: 3,722
Feb 17, 2010 12:41pm
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.
Writerbuckeye
Posts: 4,745
Feb 17, 2010 2:46pm
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.
tk421
Posts: 8,500
Feb 17, 2010 2:49pm
Got to love it. Lying right to the public's faces. Problem is this country is too stupid to realize it.
B
bigmanbt
Posts: 258
Feb 17, 2010 3:05pm
Yeah, let's hear him say that in the next few years. Worst is still to come folks, worst is still to come.
Mr. 300
Posts: 3,090
Feb 17, 2010 3:10pm
Hope and change.
Q
QuakerOats
Posts: 8,740
Feb 17, 2010 4:05pm
The rhetoric and claims continue to outpace the previous rhetoric and claims ....... incredible. And these lessons in economics from the socialist/marxist no less .....
http://www.thefoxnation.com/culture/2010/02/17/college-acquaintance-obama-was-pure-marxist-socialist
Interesting comments made in this audio, but nothing that many of us did not know.
http://www.thefoxnation.com/culture/2010/02/17/college-acquaintance-obama-was-pure-marxist-socialist
Interesting comments made in this audio, but nothing that many of us did not know.
jhay78
Posts: 1,917
Feb 17, 2010 4:11pm
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.
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.
believer
Posts: 8,153
Feb 17, 2010 4:26pm
Bullshit...sums it up for me.
B
BoatShoes
Posts: 5,703
Feb 17, 2010 9:32pm
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.
B
bman618
Posts: 151
Feb 18, 2010 12:35am
The fundamentals say a depression was put off but it will be a deeper (worse) depression with all of the bad economic decisions of the Obama and Bush administrations when it comes. We are spending at an unsustainable level and blowing up a national currency bubble.
G
general94
Posts: 91
Feb 18, 2010 12:50am
To all you posters that have kids, look in their eyes then think long and hard whether this massive bill full of Pork really "saved' anything, or just added to the mountain of debt they are all ready responsible for.
dwccrew
Posts: 7,817
Feb 18, 2010 1:37am
I'm going to take my money and run, just like Steve Miller said to in his song. What country should I go to?
jhay78
Posts: 1,917
Feb 18, 2010 12:42pm
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.
After Bush's tax cuts (you know, the real ones) were enacted, jobs were created for 52 consecutive months.
THAT is a stimulus.
majorspark
Posts: 5,122
Feb 18, 2010 12:53pm
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.
B
Bigdogg
Posts: 1,429
Feb 18, 2010 1:01pm
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.
RedRider1
Posts: 3,850
Feb 18, 2010 1:16pm
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.
Cant say the stimulus prevented a depression....just like it can't be proved that NOT doing the stimulus would have done the very same.
Either are plausible.
Q
QuakerOats
Posts: 8,740
Feb 18, 2010 1:29pm
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.
fish82
Posts: 4,111
Feb 18, 2010 1:39pm
^^^^ 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.
B
Bigdogg
Posts: 1,429
Feb 18, 2010 2:13pm
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.
You are correct about TARP but there was also stimulus package under Bush
http://www.govtrack.us/congress/billtext.xpd?bill=h110-5140
Q
queencitybuckeye
Posts: 7,117
Feb 18, 2010 2:27pm
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.