Esten I Just Love the Little Side Step You Do So Well
Esten, let's take a look at the costs you keep bring up.
TARP & Stimulus.
According to CNN (one of your favorite sources) the Stimulus Package committed a total of $1.2 Trillion.
Obama didn't even bother to vote "present" on TARP he just skipped it all together. Don't want to vote for on it just spend the money.
While we are talking about TARP – Obama spent a total of $77.6 Billion on the GM / Chrysler / GMAC / Chrysler Financial / GM Suppliers & Chrysler Suppliers bailout from TARP.
Also while we are on the TARP issue – Obama spent the bulk of the $69.8 Billion that went to AIG and all the bonuses were paid under his watch using TARP money as he stood by and watched it happen!
[url]http://money.cnn.com/news/storysupplement/economy/bailouttracker/[/url]
But the true cost projected by CBO @ 10 years = $327 Trillion
[url]http://blog.heritage.org/2009/02/12/true-cost-of-stimulus-327-trillion/[/url]
Oh, I almost forgot to add the $63 Billion Obama has authorized for the “Women-Centered Global Health Program” so unless these funds are for subsidizing guys on the Forum then it’s just more waste!
BUSH & IRAQ
You are always so hot to blame Bush and the spending on the war in Iraq for the economy, well how about these numbers on spending during the same time period the Iraq War was going on to put the cost in prospective:
1. Under Bush the Fed Gov spent more on education than on the war, the states and local governments spent more than 10 times the amount the Fed did on education
2. The war’s cost was less than 25% of the spending on JUST Medicare during the same period (this is only Medicare not Medicaid or Welfare which outstrip Medicare in spending)
[url]http://www.washingtonexaminer.com/opinion/blogs/beltway-confidential/Little-known-fact-Obamas-failed-stimulus-program-cost-more-than-the-Iraq-war-101302919.html[/url]
POLLS
Bush vs Obama
You always love polls but you only select those that favor your side. Regarding your Bush vs Obama poll, the one I found at random indicated when people were asked if today they could choose between having Bush back or keep Obama the results were Obama = 48% and Bush = 46% (margin of error = 3.4%) so it was basically a dead heat. This is nowhere near what you tried to represent!
[url]http://tpmdc.talkingpointsmemo.com/2010/04/poll-public-split-on-whether-they-would-prefer-obama-or-george-w-bush.php[/url]
JOBS.
I did a little research on your claim of 3 Million jobs CREATED by Obama, but since the statement is false on its face when you consider we are at 9.6% unemployment I just didn't bother. Perhaps you mis-spoke and meant CREATED &/ or SAVED, since it would be impossible to have created 3 million jobs and still have the unemployment rate go UP to 9.6% , unless of course you were losing many more jobs than you were claiming to create.
I really did like your little dodge to explain the uptick in unemployment by trying to ignore it by saying well there were more people entering the job market. July and August are NOT the months you see up swings in job seekers.
You also conveniently forgot about those folks which are not counted DOL unemployment figures when their unemployment benefits run out or they cease looking for employment out of sheer frustration. When you include them in the number it is well over 10% , add in underemployed and you are well over 14. Don't believe me – go to the Department of Labor web site, its all there.
Nice try but no sale – the folks out there with no job are sure as hell not buying this crap.
Nope, I address your mis-information head-on
[QUOTE=Doppelganger]Obama spent more than $1 Trillion on one piece of legislation (Stimulus I) in his first months in office[/QUOTE][QUOTE]Are you really trying to tell me Obama did not spend over $1 Trillion dollars on Wall Street / AIG / et. Al. In his first year? [/QUOTE][QUOTE]According to CNN (one of your favorite sources) the Stimulus Package committed a total of $1.2 Trillion.[/QUOTE]First you claimed Obama spent more than $1 Trillion on Stimulus. When I challenged you on this you tried to throw in TARP. When I challenged you on THAT you now refer to CNNMoney's bailout tracker which has a $1.2 Trillion list of all federal stimulus programs spanning several years. This list includes other items such as the $168B committed and spent for the "Economic Stimulus Act of 2008" which Bush signed into law in Feb. 2008.
Holy crap man, are you THAT lost ??
The package Obama signed in his first months in office, commonly referred to as "Stimulus", is the American Recovery and Reinvestment Act (ARRA). This was a $787B package comprising $499B in spending and $288B in tax relief. And there is a difference between [I]committed[/i] and [I]spent[/i]. To date per your CNN link only $295B has been spent ($289B on recovery.gov). That's far different from your statement that Obama spent over $1 Trillion on Stimulus.
You don't deserve any more of my time until you fess up on your Stimulus mis-information.
Esten - Our very own Scarecrow from Oz
Your constant defense of the indefensible is almost laughable. According you your own CNN site clearly shows $1.2 Trillion allocated to the Stimulus program (and that is only one of the several spending bills passed by the Democrats) No they have not spent all of it yet and if the Republican's sweep in November they will not have the chance to do so. If you add the TARP money Obama spent (surely you are not trying to claim Bush spent it after he left office and Obama was sworn in) with the rest of their wild ass spending on top of the ObamaCare debacle all of which has led directly to the unprecedented increase in the deficit.
The problem with the economy is the Government. The only thing you and your liberal ilk can say is the Stimulus was not big enough as the reason why it is failing. Why bankrupt the country in 4 years if you can do it in 1 right?
Obama is no different than Roosevelt; they both prolonged the economic down turn by interjecting government programs which only stall economic growth. Roosevelt's only prolonged the depression until WWII; Obama's may well push the economy into a double dip recession.
Just as you have suggested, Obama's answer to everything is more spending and more taxes. The newest round of stimulus (sorry not stimulus it is targeted government investment) will primarily benefit his cronies in the unions at the Federal and State levels while doing nothing for the vast majority of the unemployed. Hey I thought we did all this wonderful infrastructure work under Stimulus I, Obama spent enough money on signs to tell us they were?