Sounds good in theory.
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Sounds good in theory.
[QUOTE=Jackson]1. We wouldn't have pissed away 780 billion dollars of borrowed money with nothing to show for it.[/QUOTE]Simply untrue. You can review this information on the government website recovery.gov. Two of the more well-known programs have addressed the important auto and housing sectors. The former stimulus has helped a wide spectrum of companies linked to the auto industry, and the latter, along with its recent renewal and expansion to repeat home buyers has and will continue to help soften the landing and put a floor in the housing market (which has significant economic ramifications).
The website also lists the total jobs created / saved due to the Recovery Act. While the exact number is open to debate and may be over-estimated, there can be no doubt the number is very large.
I'm not familiar with everything that has been spent from the funds. But I do think the two programs above are examples of smart, focused and strategic efforts to stabilize important areas of the economy at a critical time. And which have had demonstrable results.
And BTW, these results are not based on the full $787 billion from the Recovery Act. According to the website only about $220 billion has been paid out to date. There is a lot of information on the website if you take the time to look.
[QUOTE=Jackson]4. We'd be watching the economy begin to recover as the Q1 and Q2 tax cuts were stimulating business activity.[/QUOTE]Oh yes the panacea of tax cuts.
By many accounts we are already seeing the beginning of a recovery. The $787 billion actually includes $288 billion in tax benefits. But fortunately, the Recovery Act does not rely solely on this one single component. It's highly questionable whether tax cuts and other tax benefits alone would have stimulated any meaningful economic activity in this type of downturn. A risky gamble. Instead, an approach involving both tax benefits and targeted spending was adopted. I think this is much smarter in the current environment.
"In interviews, a broad range of economists said the White House and Congress were right to structure the package as a mix of tax cuts and spending, rather than just tax cuts as Republicans prefer or just spending as many Democrats do."
New Consensus Sees Stimulus Package as Worthy Step
www.nytimes.com/2009/11/21/business/economy/21stimulus.html
I am astonished by the sensitivities of Obama's supporters. They rush to defend or explain whatever Obama has done or said. Furthermore, they appear to be genuinely distraught when we mere mortals cannot appreciate the wisdom of 'THE ONE'
It is my recollection, and it may be dead wrong, that the supporters of Bush or Reagon were never overly sensitive when Bush and Reagan were being criticized.
In fact, the supporters of Bush and Reagan realized they were on the right track when brain dead wind up dolls like Jesse Jackson and Sharpton were criticizing Reagan and Bush.
After all, if you were a supporter of Bush or Reagan, would you want Jesse Jackson, Al Sharpton or Barney 'raise my salary' Franks agreeing with your policies.
[QUOTE=El Alamo]I am astonished by the sensitivities of Obama's supporters. They rush to defend or explain whatever Obama has done or said. Furthermore, they appear to be genuinely distraught when we mere mortals cannot appreciate the wisdom of 'THE ONE'
It is my recollection, and it may be dead wrong, that the supporters of Bush or Reagon were never overly sensitive when Bush and Reagon were being criticized.
In fact, the supporters of Bush and Reagon realized they were on the right track when brain dead wind up dolls like Jesse Jackson and Sharpton were criticizing Reagon and Bush.
Afterall, if you were a supporter of Bush or Reagon, would you want Jesse Jackson, Al Sharpton or Barney 'raise my salary' Franks agreeing with your policies.[/QUOTE]"Perception is in the mind of the beholder" Let's wait till 2012 to see the end of America, until then, opinions are just "opinions".
[QUOTE=El Alamo]I am astonished by the sensitivities of Obama's supporters. They rush to defend or explain whatever Obama has done or said. Furthermore, they appear to be genuinely distraught when we mere mortals cannot appreciate the wisdom of 'THE ONE'
It is my recollection, and it may be dead wrong, that the supporters of Bush or Reagon were never overly sensitive when Bush and Reagon were being criticized.
In fact, the supporters of Bush and Reagon realized they were on the right track when brain dead wind up dolls like Jesse Jackson and Sharpton were criticizing Reagon and Bush.
Afterall, if you were a supporter of Bush or Reagon, would you want Jesse Jackson, Al Sharpton or Barney 'raise my salary' Franks agreeing with your policies.[/QUOTE]The beauty of Obama being President is to watch all the draft dodging mf. N corporate and political fat cats squirm and scream. It is not about sensitivity. For me, it is purely a generational thing. The fat corporate / political draft-dodging bastards that caused this financial mess deserve everything they are receiving. Excesses of forty some odd years are not undone overnight: Reagonomics. And for McCain, not to take anything away from what he endured, the guy is a first class asshole. He would have been drummed out of the service if it were not for his daddy, a four star Admiral. The guy is a putz. You can take Nixon, Reagan, Busch, Clinton and with distinction, daddy's little boy Busch, and stick them where the sun does not shine. Obama was not born with a silver spoon up his ass and that was all the qualifications and experience he needed for my vote. Furthermore, to place Obama in the same league as Jesse Jackson, Al Sharpass is without a doubt the dumbest statement I have ever heard in quite some time. Kiss my lilly white trailer-trash ass. Squirm baby squirm.
[QUOTE=Damman]The beauty of Obama being President is to watch all the draft dodging mf. N corporate and political fat cats squirm and scream. It is not about sensitivity. For me, it is purely a generational thing. The fat corporate / political draft-dodging bastards that caused this financial mess deserve everything they are receiving. Excesses of forty some odd years are not undone overnight: Reagonomics. And for McCain, not to take anything away from what he endured, the guy is a first class asshole. He would have been drummed out of the service if it were not for his daddy, a four star Admiral. The guy is a putz. You can take Nixon, Reagan, Busch, Clinton and with distinction, daddy's little boy Busch, and stick them where the sun does not shine. Obama was not born with a silver spoon up his ass and that was all the qualifications and experience he needed for my vote. Furthermore, to place Obama in the same league as Jesse Jackson, Al Sharpass is without a doubt the dumbest statement I have ever heard in quite some time. Kiss my lilly white trailer-trash ass. Squirm baby squirm.[/QUOTE]So let me see if I understand you: In order to "punish" the "all the draft dodging mf. N corporate and political fat cats" you advocate that Obama flush our entire economy down the toilet?
Talk about throwing the baby out with the bath water!
Thanks,
Jackson
I do agree that the "system" needs an enema, maybe even the high colonic purge!
Some recent irony I find amusing.
We have all read about how Dubai is the latest douche on the block. Many of you are no doubt aware of that if you default on a debt in Dubai you go to jail, even if your a foriegner.
When does the Dubai Govt report in to butt rape central?
[QUOTE=Jackson]So let me see if I understand you: In order to "punish" the "all the draft dodging mf. N corporate and political fat cats" you advocate that Obama flush our entire economy down the toilet?
Talk about throwing the baby out with the bath water!
Thanks,
Jackson[/QUOTE] What economy? Flushed long before Obama showed up. We do not make diddly squat anymore. Want to build a nuclear power plant? Go see Westinghouse. Pardon me, they are owned by a foreign outfit:Toshiba. The list goes on and on of corporations / politicians selling the country out over the years. We w h o r e d ourselves for a quick buck. Tired of hearing Obama this Obama that. No matter who got elected president, the story would be the same: moving deck chairs around on the Titanic. To blame Obama for all this BS is absurd. The US economy has been a train wreck waiting to happen for quite some time.
Yall have a good weekend.
Let's start with the auto industry ie Chrysler and GM. Am I to understand it was a good idea to sell Chrysler to Fiat, a foreign company? But didn't you just rail against other industries being owned by foreign companies, yet it is Ok in your opinion if Obama does it? Am I also to understand it is ok to turn over a sizable chunk of these companies to the unions, who shoulder equal responsibility with poor management in running the firms into the ground, at the expense of the share holders and debt holders who invested in these companies and that is Ok in your opinion if Obama does it?
Funny you should mention nuclear power plants. I may be wrong but I don't think one has been built in this country in 20 years, while Europe has operated them successfully for decades. The left wing green save the planet nuts have successfully stopped the power industry from going that way for years and Obama just gives it lip service in favor of "renewable" power and this is OK with you?
And as Obama and Al Gore (you know the guy with the HUGE CARBON FOOTPINT who has become a multimillionaire from peddling the "sky is falling" global warming mantra) trip off arm in arm into the sunset singing "Ding Dong the Witch is Dead" from the Wizard of Oz as unemployment tops 10% , the economy continues to tank, and Obama triples the Federal deficit in one year and this is OK with you?
Just the ramblings of an old capitalist.
Respectfully submitted for your edification.
Doppelganger
I am not sure who Dammon is but Dammon has my vote for someone destined to move up the corporate ladder. Perhaps President and CEO of General Electric. We will forget all about Jack Walsh once Dammon, the suave, debonair icon of corporate America, makes his presence known.
[QUOTE=Damman]The beauty of Obama being President is to watch all the draft dodging mf. N corporate and political fat cats squirm and scream. It is not about sensitivity. For me, it is purely a generational thing. The fat corporate / political draft-dodging bastards that caused this financial mess deserve everything they are receiving. Excesses of forty some odd years are not undone overnight: Reagonomics. And for McCain, not to take anything away from what he endured, the guy is a first class asshole. He would have been drummed out of the service if it were not for his daddy, a four star Admiral. The guy is a putz. You can take Nixon, Reagan, Busch, Clinton and with distinction, daddy's little boy Busch, and stick them where the sun does not shine. Obama was not born with a silver spoon up his ass and that was all the qualifications and experience he needed for my vote. Furthermore, to place Obama in the same league as Jesse Jackson, Al Sharpass is without a doubt the dumbest statement I have ever heard in quite some time. Kiss my lilly white trailer-trash ass. Squirm baby squirm.[/QUOTE]
The US lost its ability to make quality nuclear containment domes during the Reagan era. The remainder of the reactor besides the fuel cycle is rather simple and can be made anywhere even Iran can do it with sanctions!
In fact the only place that can make them anymore is in Japan, and there is a backlog.
I toured the facility about two years ago and it was top notch.
[url]http://www.draftcheney2012.com/[/url]
They should ship his ass to Afghanistan with a platoon of Marines and see how good he shoots!
Maybe he can "pepper" some Taliban with birdshot.
[QUOTE=Damman]To blame Obama for all this BS is absurd. The US economy has been a train wreck waiting to happen for quite some time.[/QUOTE]Can somebody please tell me the date that the state of the economy will become Obama's responsibility?
Is it next month? Or sometime next year? Or perhaps, as the Obama worshipers apparently wish, the economy will be George Bush's fault for years to come, thus permanently freeing Obama of any accountability for the state of the economy.
Wait, I know the answer: The economy will be George Bush's fault until it rights itself in spite of the anchors that the current administration continues to throw in it's wake, at which point it will then be declared the "Obama Economic Miracle".
Thanks,
Jackson