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View Full Version : The Stimulus Hasn't Done What it Was Supposed To Do



PoliCon
01-14-2010, 01:02 PM
One day after it came out that the administration had decided to stop trying to count the number of jobs created or saved by that $787 billion spending bill the president signed last year, the White House was back doing it again.

Christina Romer, the president's top economic adviser, announced Tuesday that the spending had resulted in 2 million jobs created or saved. Romer called that a, "truly stunning and important effect," adding that the spending, "had done exactly what we have anticipated it would do."

No it hasn't.

Romer herself said a year ago that the stimulus spending would hold the unemployment rate below eight percent. It's now at 10 and counting. More than 4 million jobs were lost last year. What's more, an analysis by the Associated Press has found that the outlays on roads, bridges and other infrastructure, had no discernible effect on local employment and had barely helped the construction industry.

The lesson here is a very old one: Government spending is a poor antidote to recession because the money has to be taxed or borrowed from one part of the economy to be spent in another. Not only that, it's slow medicine. Even Romer said in her glowing report that only about a third of the money had been spent.

FROM (http://www.foxnews.com/story/0,2933,582989,00.html)

Sometimes Brit plays the role of Captain Obvious - but when you're dealing with the left - generally even Captain Obvious is too subtle.

coach
01-14-2010, 01:53 PM
Sure it did. Its easy to get confused when they slap that "stimulus" name on the porkulus bill.

It was INTENDED to porkulate out to the dem faithful which it has done.

Murtha got his shiney new private runway so as to no longer rattle his fanny for example.

But we all knew it would do nothing to help the economic situation and actually worsen it (which it has).

Last Samurai
01-14-2010, 10:25 PM
Which is exactly why most Conservatives were dead set against it in the first place. Those perceptive enough to forcast how this monstrosity would turn out tried to warn all and sundry. We got sold a bill of goods here.

IIRC, it went: 1) The House tried and it got voted down, by a somewhat comfortable margin, if memory serves me right. 2) The Senate took up the battle and built their own version. 3) The House "bought into" the Senate version that passed, pretty much untouched with further refinement. 4) Finally got through, amidst much weeping and wailing from the Dems about how much "good" this would do for the economy, how many jobs would be created/saved, it was "needed" to forstall the "crisis", etc. All drivel!

The burning question remains, how much bribery, browbeating and outright cohersion was required by the House Dem "Leadership" (Sic!) to get the necessary number of votes to pass this mess? (They don't call it the "Porkulous Bill" for nothing, you know.)

Personally, I rather have a strong distaste for my tax money being pissed away on pork projects that would be much better funded locally rather than for the benefit of one District but requiring everyone to pay for it. (Well..... the actual taxpayers, that is.)

There is TOO much of this "tit for tat" horse trading going on. It is unethical, it is dishonest, it does NOT serve the best interests of the general population and yet we have spent decades "looking the other way" when clear examples of this sort of behavior is exposed.

LS

P.S. Anyone have a "read" on how many of the supposed "shovel ready projects" that has been started? We were told they counted in the thousands, IIRC.

coach
01-14-2010, 10:54 PM
Which is exactly why most Conservatives were dead set against it in the first place. Those perceptive enough to forcast how this monstrosity would turn out tried to warn all and sundry. We got sold a bill of goods here.

IIRC, it went: 1) The House tried and it got voted down, by a somewhat comfortable margin, if memory serves me right. 2) The Senate took up the battle and built their own version. 3) The House "bought into" the Senate version that passed, pretty much untouched with further refinement. 4) Finally got through, amidst much weeping and wailing from the Dems about how much "good" this would do for the economy, how many jobs would be created/saved, it was "needed" to forstall the "crisis", etc. All drivel!

The burning question remains, how much bribery, browbeating and outright cohersion was required by the House Dem "Leadership" (Sic!) to get the necessary number of votes to pass this mess? (They don't call it the "Porkulous Bill" for nothing, you know.)

Personally, I rather have a strong distaste for my tax money being pissed away on pork projects that would be much better funded locally rather than for the benefit of one District but requiring everyone to pay for it. (Well..... the actual taxpayers, that is.)

There is TOO much of this "tit for tat" horse trading going on. It is unethical, it is dishonest, it does NOT serve the best interests of the general population and yet we have spent decades "looking the other way" when clear examples of this sort of behavior is exposed.

LS

P.S. Anyone have a "read" on how many of the supposed "shovel ready projects" that has been started? We were told they counted in the thousands, IIRC.


it was thousands but each one only lasted a few hours

http://comps.fotosearch.com/comp/RBL/RBL007/close-up-sand-pail_%7Eb01552.jpg

http://thepeoplescube.com/images/EarthDay/Obama_shovel_340.jpg

Last Samurai
01-14-2010, 10:59 PM
Ah! Me capiche!

LS