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patriot45
06-30-2009, 09:52 AM
Must be tough when its ABC news doing the questioning of the 0s porkulus package! :D

Spin, baby spin! (http://blogs.abcnews.com/thenote/2009/06/moving-the-stimulus-goalposts.html)


ABC News’ Rick Klein reports:

With public confidence in the stimulus package showing signs of ebbing, the Obama administration is continuing to sell its impact with nation-wide events and press appearances.

Today brings this explanation, from Christina Romer, the chairman of the president’s Council on Economic Advisers: Stimulus spending, Romer told the Financial Times, is “going to ramp up strongly through the summer and the fall.”

“We always knew we were not going to get all that much fiscal impact during the first five to six months. The big impact starts to hit from about now onwards,” Romer said.

We’ve known for some time that the money takes a while to get out the door.

But top Obama advisers haven’t always been so cautious in predicting how long the stimulus would take to be felt.

Back in February, with Congress moving swiftly to approve President Obama’s $787 billion stimulus package, White House budget director Peter Orszag said the benefits of the stimulus would “take weeks to months” to be felt.

Larry Summers, director of the National Economic Council, was even more optimistic: “You'll see the effects begin almost immediately,” Summers told CNN in February.

Just last month, Jared Bernstein, Vice President Joe Biden’s top economic adviser, joined administration officials in asserting that the stimulus was already working, despite rising unemployment rates.

“The idea here is that, yes, the unemployment rate is rising, but it would be rising more quickly [without the bill],” Bernstein said on ABCNews.com’s “Top Line.” “We're spending about $1 billion a day -- and, by the way, with very careful oversight -- and that's creating, again, economic activity that would not have occurred in the absence of this plan. That's the essential point.”

Then there’s the case of the now-famous chart, prepared in January by the Obama transition team to forecast employment rates with and without a stimulus bill in place.

Obama’s economic advisers saw unemployment cresting at just below 8 percent with the stimulus in place; without it, they forecast the national rate topping out around 9 percent.

The stimulus, of course, did pass, though the national unemployment rate is now 9.4 percent. Two weeks ago, President Obama predicted that unemployment will top 10 percent this year.

satanica
06-30-2009, 09:55 AM
The President is trying to fix the massive damage the Bush administration has done to the nation, it's not gonna happen overnight.

djones520
06-30-2009, 09:59 AM
The President is trying to fix the massive damage the Bush administration has done to the nation, it's not gonna happen overnight.

On CNN of all places, I saw someone ask, "Why do people feel justified approving of President Obama quadrupaling (ballparking the number here) the National Deficit simply because President Bush made it grow?"

So Supercrash, at what point is the "Blame Bush" play gonna not work anymore? 1 year point? 2? 3? Or when he's running for reelection will you still cheer when he blames President Bush for something?

Rockntractor
06-30-2009, 10:03 AM
The President is trying to fix the massive damage the Bush administration has done to the nation, it's not gonna happen overnight.

Isn't that special! Thank you for sharing that baby satan.
http://i686.photobucket.com/albums/vv230/upyourstruly/babysatan.jpg?t=1246370455

patriot45
06-30-2009, 10:05 AM
The President is trying to fix the massive damage the Bush administration has done to the nation, it's not gonna happen overnight.

I guess you missed the point blinky, he said it would work right away, it didn't. Besides he already spent in a few months more than Bush did in 8 years. More to come from your messiah, give him time. He will ruin everything!

NJCardFan
06-30-2009, 10:59 AM
On CNN of all places, I saw someone ask, "Why do people feel justified approving of President Obama quadrupaling (ballparking the number here) the National Deficit simply because President Bush made it grow?"

So Supercrash, at what point is the "Blame Bush" play gonna not work anymore? 1 year point? 2? 3? Or when he's running for reelection will you still cheer when he blames President Bush for something?
That's the thing. It's called Blame Bush Syndrome(BBS) which is an offshoot of Bush Derangement Syndrome(BDS). Bush inherited Clinton's recession and no one said a thing. Also, Democrats are not blameless. Is it a coincidence that the economy began it's slide into the crapper once the Dems regained control of the house and senate? I think not. But just as libs said that we can't drill our way out of the energy crisis, we certainly can't spend our way back to prosperity.

FlaGator
06-30-2009, 11:31 AM
On CNN of all places, I saw someone ask, "Why do people feel justified approving of President Obama quadrupaling (ballparking the number here) the National Deficit simply because President Bush made it grow?"

So Supercrash, at what point is the "Blame Bush" play gonna not work anymore? 1 year point? 2? 3? Or when he's running for reelection will you still cheer when he blames President Bush for something?

Around the end of the second week in September ;)

Constitutionally Speaking
06-30-2009, 12:21 PM
The President is trying to fix the massive damage the Bush administration has done to the nation, it's not gonna happen overnight.


How is he doing that???? He is tripling all of the bad things Bush did and eliminating the good things Bush did.

Also, in case you hadn't noticed the economy was doing quite well until the Democrats gained control of congress in 2006.

Zafod
06-30-2009, 04:47 PM
How is he doing that???? He is tripling all of the bad things Bush did and eliminating the good things Bush did.

Also, in case you hadn't noticed the economy was doing quite well until the Democrats gained control of congress in 2006.

OH BURRRRN!!

Molon Labe
06-30-2009, 04:51 PM
The President is trying to fix the massive damage the Bush administration has done to the nation, it's not gonna happen overnight.


Uh huh! I call b.s.


Reform cannot be achieved by a well-intentioned leader who recruits his followers from the very people whose moral confusion is the cause of the disorder - Socrates (Why Obama won)

You don't go to the fire with a can of gasoline friend.

Teetop
06-30-2009, 05:38 PM
Shocking Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis (http://www.youtube.com/watch?v=_MGT_cSi7Rs&eurl=http%3A%2F%2Fwww%2Emoonbattery%2Ecom%2F&feature=player_embedded)

Watch that video, satan's jizz.

JB
06-30-2009, 06:42 PM
“The idea here is that, yes, the unemployment rate is rising, but it would be rising more quickly [without the bill],”Priceless.

Teetop
07-01-2009, 12:17 AM
Shocking Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis (http://www.youtube.com/watch?v=_MGT_cSi7Rs&eurl=http%3A%2F%2Fwww%2Emoonbattery%2Ecom%2F&feature=player_embedded)

Watch that video, satan's jizz.

Well? Satan's suppository?