The CBO will tell you the stimulus created millions of jobs. Because it did.
What changed was the estimates of just how bad the economy was (as more data comes in to give better estimates of previous quarters). Regardless of how bad the economy is or isn't, the stimulus still created millions of jobs.
The economy with stimulus = baseline + millions more jobs. Without the stimulus, we'd have millions less.
@Andydag904 I can't tell if you are being serious or joking? You must not be aware of the fact that although unemployment is dropping we are still loosing more jobs than we are gaining, The unemployment is dropping because hundreds of thousand of people are giving up looking for jobs and the government only counts people who are looking for work. This has been reported by every news agency (I heard it even reported on NPR). The government numbers are a distortion of the facts.
@Andydag904 .....I just explained why. The government only counts people who are actively looking for work as unemployed. People in huge numbers have given up the search for work and are no longer counted as unemployed by the government. They simply are not counted as anything. Unemployment has not gone down according to the actual data. The problem is that the government uses a very poor method of determining unemployment. Again, this has been widely reported on, you could simply look it up.
@Andydag904 Unemployment (or joblessness), as defined by the International Labour Organization, occurs when people are without jobs and they have actively sought work within the past four weeks. While it is true that this figure is likely meant to avoid including retirees into the unemployment figure, in this day and age of free money, free food, and free health care, it is unlikely that many people are rushing out their door to find new jobs.
I'm not saying I agree or disagree but since his prediction for what would happen if we didn't, what would have happened without it? I am simply setting this out for discussion
RESTORING THE AMERICAN DREAM: Search for free millions of jobs on the largest #1 job site worldwide, with over 50 million unique visitors and 1 billion job searches per month and is available in more than 50 countries and 26 languages, covering 94% of global GDP. We have jobs in every state county and city in the US. Plus job and resume posting. Find your job today.
To get started just google ( Jobs Linked To You ) Then start your job searching,
This was a 2009 vid post, just look at how the change is working now.....Yes we can and yes he did, fucked all of us even the people who voted for him....
The problem with the stimulus package is that Obama refused to take in the human factor of fear and greed. Just because you give people more money does not mean they aren't gonna cut jobs to keep up their standard of living. Also, there was still the threat of the rapidly dropping economy that businesses had to worry about so they had to cut some jobs just so the business remained safe. In the end if you don't mix statistics with the worst possible outcome plans like this just fail.
Instead of a "stimulus" to create jobs by financing useful investments that would have paid a growth dividend in the future, we got a debt-fueled permanent expansion of entitlements and the size of government.
"There is absolutely no prospect, at the moment, that would make us believe that unemployment numbers is going to be below nine percent. ...I went through and looked--since 2009--how many times (Obama) has said, 'Jobs: priority number one; The sustained focus of this administration will be jobs...' Nobody believes that anymore." --Arianna Huffington to Lawrence O'Donnell, MSNBC, Aug. 4, 2011
It is ridiculous and impossible to try and quantify this... this video is BS... if you have 8 people with jobs and you say you are going to save or create 3 jobs... and three jobs are lost... it is still possible that 3 jobs were saved or created... it is the difference between having 5 people left with jobs or two... take a logic class sometime...
I love your videos. They make it easy to understand all the numbers they throw at us in a fair way. It also makes it easy to understand how much of a fail the stimulus was.
I worked in D.C. the summer of 2009 and attended a lot of the House and Senate appropriations committee meetings to get a copy of the markup reports for my boss. The "stimulus" was largely a joke. Obviously I can't speak to all aspects of how it was spent, but the portions that went through the appropriations subcommittees that I dealt with were used solely to fund run-of-the-mill stuff. It might have saved jobs, but it certainly was not used to create any.
If you voted for Obama in 08 to prove you were not a racist , Then VOTE AGAINST him in 2012 to prove you are not an idiot !
oh and lets update this , NASA just laid off over 36,000 , Cambles soup laid off 700, Northrup Gumman laid off 600 , and NASA plans to lay off the remain 6500 workers by the end of the year , OBAMA promised Change NOT IMPROVEMENT !!!
Now in reality the stimulus did probably save some jobs. Just not as much as we would have liked. But overall that money could have gone to some much more helpful. The recession is just much worse than we thought it would be.
@StuUngar100 im afraid the worse is to come, dollar will collapse and that will lead to a bond crisis, theres already inflation right now. There will be hyperinflation, massive layoff, and im afraid violence
My Keynes Hayek: The Clash That Defined Modern Economics is published in October by W.W.Norton. Read an extract at: sites.google.com/site/wapshottkeyneshayek/
President Obama’s economic recovery package will actually hurt the economy more in the long run than if he were to do nothing, the nonpartisan Congressional Budget Office stated in a letter Feb 4th 2009. CBOs basic assumption is that, in the long run, each dollar of additional debt crowds out about a third of a dollars worth of private domestic capital, CBO said in its letter. It’s now 2011 and so far the CBOs prediction is proving all to true. Thanks Mr. President.
@rubberbaby00 By looking at the predictions that were made for job losses without the stimulus, then looking at the actual job losses and comparing them, something a 3rd grader can do. If it's predicted that we lose 3 million jobs if we do nothing, but only 1.5 if we do something and we end up losing 4.5 million jobs i think that's pretty clear that the stimulus didn't work.
I assume the "Logic Fail" was directed at your own comment, correct?
@rubberbaby00 And if you look at when this video was made you would know he was talking about june of 2009, not may of 2011.
And if you create1.5 million jobs, but lose 6 million jobs you still lost 4.5 million jobs.
If you look at a situation expecting what you hear to be wrong you will miss important details in order to make your assumption seem true. That's what you did here.
@rubberbaby00 , you must be one of these king obama sheep that believea All the cleftist communist Bullshit, Are youblind, can you not see whqt is gooing on in our Country?. Remember when your king promised' Transparency and No more pork on my watch just so he could get your vote?. I must say he was transparent about appointing CZARS that onl;yt have to report to the Tyrant now., Pork has Doubled on the Liars watch but that means nothing to you leftist communist fools
@Lllburns Increasing taxes results in less tax revenue. Go check with your beloved JFK and Clinton. Not paying part of your health insurance and pension is not a right. It sounds like you voted for Obama and the destruction of America, so quit whining about working for 14 cents an hour.
The simple reason government spending fails to end recessions is that Congress does not have a vault of money waiting to be distributed. Every dollar Congress “injects” into the economy must first be taxed or borrowed out of the economy. No new income, and therefore no new demand, is created. They are merely redistributed from one group of people to another. Congress cannot create new purchasing power out of thin air.
@Fashionificationful Right. Thats a Ponzi scheme. That what Berni Madoff went to prison for. I do not understand why people can not see this for what it is? Out right lies and theft is all it is.I myself am voting for Ron Paul if he runs. If Obama gets reelected then dam I dont know . This cant keep on like it is. Something is gonna give and when it does... whats gonna happen when gas is five dollars a gallon and there are still no jobs? Then food,bills! This is kind scary.
This is no longer a theoretical exercise. The idea that increased deficit spending can cure recessions has been tested, and it has failed. If growing the economy were as simple as expanding government spending and deficits, then Italy, France, and Germany would be the global economic kings. And there would be no reason to stop at $787 billion: Congress could guarantee unlimited prosperity by endlessly borrowing and spending trillions of dollars.
$787 billion (actually $862 B) “stimulus” a flop. In a January report, White House economists predicted the bill would create (not merely save) 3.3 million jobs. Since then, 2.8 million jobs have been lost, pushing unemployment toward 10 percent.
wow, you have alot of pennies just laying around. What happens to them when you don't make videos do you just like have them sitting around in like lots of buckets? also how do you pick them up off the floor do you do it by hand of like vaccum them up?
@trinitydobes i think the point is the cost... the stimulus money has to come from somewhere. Maybe the same amount of jobs lost, but less cost is what I gathered from this
While I love the visuals and am against the stimulus, you NEED to raise the level of credibility to your visuals............post the study reference to all these within the video so someone can review them.
@jafstraycat Wow you need to go back to high school. The trickle down theory was a massive failure. The idea was to give money to the rich, who would then hire more people, who would then be paid, etc. etc. When in fact, the rich people got their money and said "Fuck this the economy sucks right now, I'm putting it into savings" it didn't work. The only thing that has ever worked was getting people to relax. The economy goes to hell because people freak out and take their money out of stocks.
Wow you need to go back to high school. Where do jobs come from? They come from investment and savings. "Fuck this the economy sucks right now, I'm putting it into savings" is the best possible thing Americans can do with their money right now. The Keynesian philosophy of Going deeper into debt to buy worthless shit we dont need has been proven a massive failure.
@centenosparky Everyone knows Bush, wasn't a very good president. But even with all this happening around Obama people are still following him and ignore what is really happening with Obama, or not many people understand.
@SolLyte I think it is because people care more about what political party the president is from than what he actually does. The bottom line is neither party answers to the people. They answer to the lobyist and huge companies. Many of the problems in the country get ignored or are considered " untouchable"
I think one explanation is that the economy was much much worse off than anyone predicted. If that is true, then it was Obama that actually saved us from abyss because he acted when he did.
I think its clear to me that Obama has done a great job so far and that the people that drove the car into the ditch are not complaining that Obama isnt getting it out fast enough.
Obama knows little and understand even less. Lots of physical style and great use of words, but, nothing he says is worth a plugged nickle. I happen to like fakes. Obama rates high in my book of Fakes.
Looking at some of hte comments are pretty amusing. Only in America could someone offer you free healthcare and the nation try and bite their balls off. I worry about you guys.
Great representation of data in these videos though!
@MrOTLChamp using 2007 numbers, and Georgia's 200$ a month average cost, i would actually SAVE over 1.5k$ and get better care to boot if the Canadian Government let me keep my tax dollars and go private instead.
Our stimulus goes to other countries? Yes. The U.S. Department of Energy revealed $60 million of the $1.2 billion given to the agency in economic stimulus funds to study climate change. While some might consider the expenditure frivolous, especially given the nation’s financial woes, it should be noted that some of the equipment was not even intended for use in the U.S. but rather was deployed to facilities in the Maldives, India and Australia.
@Willis2992 Like anyone from GB has anything to say. You dickheads are screaming about global warming, while you're freezing your ass off in the biggest cold spell to hit all of Europe in years. How can anyone take you seriously? Your healthcare is not free. You idiots are burried in taxes because of your "free" healthcare.
@MrOTLChamp Unlike what the media portrays half of us don't believe the fad. I think it's bollocks. But irrelevant never the less. I can't be arsed for an internet argument and I assume nor can you, as the fact you can spell I'm going to assume you at least have some intelligence. But looking at the state of your economy, it's not like 'anyone from the US' has anything to say on matters either, you guys should focus more on your internal issues rather than trying to control the world.
@Willis2992 We don't try to control the rest of the world. But we are, the last real country that will fight for other countries freedom and liberty. Apparantly before our own. Don't you think countries like Kuwait, were glad we stopped Sadam Hussein from further rape and murder of there people? Who else was going to do it? What you call trying to control the world, we call protecting innocent people.
Im pretty sure the US would be in a deep depression, had the government not done anything... count yourself lucky ur still hanging on because there is worse to come in 2012
@kingtercel yeah, we would have been in a depression but instead we will be in a depression next year! bailouts just delay the final outcome by a few years
@kingtercel good idea, if the economy keeps goin in its current direction you'd probably be glad of a little extra cash, I personally like to put my money in the precious metals :)
@YouDiddntSeeAnything - I believe that a Precious Metal speculative bubble is being developed. Invest here with extreme extreme caution. I recommend taking your money out of precious metals within the next 3 years. It's going to save you money when the bubble bursts in under 5 years.
A con job plain and simple. A buttload of the money went to union bosses, Wall Street and pet projects of certain "friendly" politicians. He made promises he knew he could not keep...so what else is new? It is the job of the government to monitor commerce but NOT get in the way, to make an environment in which free enterprise can grow. Thanks to this idiot, every breathing American and a whole generation yet unborn will owe 40K plus to pay off this multi-trillion dollar debt. Change...BAH!
can someone provide some references for these claims and some numbers too? like does it mean unemployment SKYROCKET after the package was passed? what was it before and after? how come the jobs werent saved if the plan was supposed to save it??
depressing how many who thought he was "our savior" are JUST realizing he put us in double the debt Bush had in 1/2 the time; cost us more jobs than any other president in american history & as far as health care goes.....w/e.....screw it all
Who are you people who are so worked up about the national debt? You worry about debt in good times. In a bad economy you stimulate the economy. You get people working so that they can spend money and continue to stimulate the economy. It works in a cycle. This is the most basic of economic theory, why doesn't anybody get it? Why is it even controversial? We need more and more stimulus. I don't hear anybody coming up with any other suggestions, not even bad ones...just complaints.
Government creates jobs all the time. Where I live, there's been a great deal of road work from the stimulus. That is the government creating jobs. You might not like that they do it, but it's done.
Perhaps you think it's better to stick your head in the sand and wait for things to magically fix themselves. But I believe in action. If people work, they spend, they spend & the economy improves & more people work, etc. This is no time for your games, it's a major crisis.
@bkirk918 You're making a great point but overlooking a very important principle: return on investment. If you spend $400,000 to create a job that produces $50,000 of wealth, guess what? You just lost $350,000.
"Government creates jobs all the time." How? How are those people paid? By pulling money out of the private sector. If you want to improve the economy, the worst way to do it is to feed the productive part of the economy to the unproductive part.
@bkirk918 But do you believe in your "action" as a way that will hold in the long run? That's the problem, we are a part of this theory that as long as you wan't material growth the government is going to be fine, but people are probably going to be fed up with the crisisis in the long run, so then what? Maybe we should let this system crash by itself, because it's too much of a flawed theory.
By "action" do you mean the stimulus package? I'm not sure what you're asking. I know that the sooner people are put to work the sooner money will start moving and stimulating the economy on its own.
@ThunderWalkerAiel What an anti-intellectual, selfish attitude for you to oppose action that puts people to work. I have a job & I assume you do. There are millions of our fellow Americans losing their homes & can't feed their kids b/c of the worst economic crisis in 70 years. And you call putting them to work an delusion.
Why? Because of some theory or ideology you cling to? Crises aren't time for theories, but for action. You'd change your mind if you were on the other side of these problems.
@bkirk918 Action? Well, would you support something like say, a 90% tax cut for every American?
Most of the Americans who lost their homes during the housing crash were unable to afford them in the first place. The govt. forced banks to give loans to financially destitute people even when they knew full well they could not pay them back. Causing an artificial rise in home prices and artificially expanded suburbs and related industries. Those on "the other side" should ask how they got there!
The only thing that's going to fix this is to bring back manufacturing jobs and stop importing everything. The Democrats won't do it. The Republicans certainly won't do it. Everything else is just splitting hairs. Any one who thinks that the big Conservative victory coming tomorrow is going to change a single thing is going to be very disappointed very quickly.
I am afraid that the stimulus plan not only failed (based on the unemployment rate as of 10/10), but put us $900B more in debt. I think the national debt is a serious issue. Once the Fed can not longer keep our bond yields artificially low, the interest payments on the debt will crush future budgets. I recommend "Why We Are In So Much Debt" for a succinct explanation of our monetary problem.
Obama and Democrats want to tax small business making over $250K revenue. Obama est 2.8% of all small businesses. Look at the real numbers; the 2.8% represent 895,000 small businesses that hire more than 10 people per business. For businesses with 10 the taxation means two full time layoff or four part time layoff. For business with 20 the taxation means 4 full time layoff or 8 part time layoff. Using those numbers Obama tax will lose 1,790,000 full time to 7,160,000 part time jobs.
Please do the math, Obama spent $1.2 Million for each auto workers job saved. The auto worker makes $50K to $60K per year. Tax payers have to pay $1.2 million to create a $50K to $60K Job by Obama. My math show a $1.15 loss for the tax payer! Obama administration sucks at math and accounting. Keep this up and we are all in the begging line being taxed for begging!
@captinseperoth that is the stupidest thing ive ever heard. if you gave 100,00 dollars to every household that little thing called inflation would go absolutely sky high. shut up and dont come back.
so, do you know what inflation is? if we give everyone 100k then stores KNOW people have money and will jack up their prices so damn high and the value of the dollar will drop and America will crumble in on itself. Lets think before we type next time k?
@silencedblade What do you think is going to happen as a result of the Fed printing money non-stop. There is going to be more money for the same amount of goods. I.e. Inflation. At least with captinseperoth's plan the people would get some money instead of just the bureaucrats.
@silencedblade - Not only that, but that approximately quadruples the supply of currency currently in circulation. This makes the currency itself nearly worthless.
@captinseperoth - Are you aware of how much money that is? It's worse than the Stimulus.
$100,000 per household. Let's assume there are 75,000,000 households in our 308,000,000 person country. That is approximately 7,500,000,000,000 versus our current 14,000,000,000,000 debt. This would also increase monetary supply so critically as to create 90+% inflation. Money then becomes worth nothing, the National debt increases 9 trillion including interest.
@kylz0r Take "an" economics course. Maybe you should go back to the first grade and learn about vowels. Oh yeah, and FUCK YOU for voting Obama. Thanks a lot asshole!
@captinseperoth That's so backwards and wrong that I'm just going to assume you're kidding. You can't just start giving out money to fix the economy. Have you learned nothing from the current administration?
Question: Do you still want to give money to "PUBLIC - Government Union Workers" who expatriate to other countries to retire taking every last penny spend on Tarp with them just to MEXICO? These are the same people who shut down your parks, took money away from young teachers, took money away from childrens lunch programs, took money away from retarded people, took money away from highway funds, took money away from elderly care, but did not touch their pensions?
Let’s use AARP data for just two cities with 60,000 USA Government workers retiring in Puerto Vallarta and Panama City. 60,000 x $60,000 per yr pension and healthcare benefits = $3,600,000,000.00 per year tax payer funded pension money leaving USA because of Government Union Workers retiring outside of USA in just 2 cities. Mexican Census in 2008, 9,900,000 USA expatriate living on Pension emigrated to Mexico. 9,900,000 x $60,000 per yr = $594 billion ($594,000,000,000.00)
AARP – pg 52, Sept 2010, Recommend 5 Retirement outside of USA. AARP an organization fighting to keep pensions, entitlements and SSA for elderly recommending purchasing house outside of USA for retirement. Puerto Vallarta, AARP, brag has 50,000 USA and Panama has thousands of USA expatriates on “PENSION”. Only Government and Unions have PENSIONS. UNIONs are shipping billion per year out of USA and purchasing the most expensive item “A HOUSE” outside of USA. Why Stimulus Don't Work for USA!
Just because more jobs were lost doesn't necessarily mean that it was the stimulus package was ineffective, it could just mean that more jobs were lost than origanally expected. I would hate to see unemployment rates if the package hadn't been passed. Also as of now unemployment rates are decreasing.
@chucknorris1220 Historical facts prove that what the president did hurt the economy more then help. A lot of the economic policies Obama is talking about, are the same economic policies of Hoover... you know the president that caused the great depression. Both were told "leave it alone" and didn't. Hoover wanted Corporations partnered with the Government *cough* GM *cough* Hoover did not want to give individuals money *cough* repealing of bush tax cuts *cough* and raise capital gains taxes
@TRMerc I agree with you that Obamas economic policies are similar to Hoovers but I don't believe that it was Hoover that started the great depression, I think it had to deal with over production and falling stock prices and european debts.
@chucknorris1220 No Hoover didn't start it... but it's like saying "Well the person that threw gasoline on the fire didn't start the fire." If you make something a lot worst that's just as bad as starting it. If Hoover hadn't increased Corporate Taxes, the corporations would have been in better financial shape and their stock prices wouldn't have dropped that much. So while Hoover didn't start the collapse of the stock market, he made it happen a lot faster to the point of hitting bottom
I can't believe there are actually people who support Obama. I realize some just want handouts and socialism, but to those who really think he's a good President, wow. They must be the dumbest people on the planet.
It would've been awesome if he just drop kicked the whole table.
SKATEyD3STROY 5 days ago
hope you had a big magnet to clean that up
7475flyersfan 3 weeks ago
@7475flyersfan
Copper yo.
Won't stick. Shop-vac that shit.
mredstriumph 2 weeks ago
Now I know why his YouTube name is 10000 Pennies LOL
spartan0000000117 1 month ago
This has been flagged as spam show
check out my political commentary on channel flightfund2
flightfund2 1 month ago
And yet no one is held accountable and bankers and politicians made millions.
hmmm....makes ya think, don't it.
Nexus2Eden 1 month ago
This has been flagged as spam show
Even left leaning blogs have made the exact same point you just made
enjoyitbro 2 months ago
This is a misleading argument.
The CBO will tell you the stimulus created millions of jobs. Because it did.
What changed was the estimates of just how bad the economy was (as more data comes in to give better estimates of previous quarters). Regardless of how bad the economy is or isn't, the stimulus still created millions of jobs.
The economy with stimulus = baseline + millions more jobs. Without the stimulus, we'd have millions less.
Timofmars 2 months ago
Have you seen the unemployment rate drop from 10% to 9%, look at your statistics again
Andydag904 2 months ago
@Andydag904 I can't tell if you are being serious or joking? You must not be aware of the fact that although unemployment is dropping we are still loosing more jobs than we are gaining, The unemployment is dropping because hundreds of thousand of people are giving up looking for jobs and the government only counts people who are looking for work. This has been reported by every news agency (I heard it even reported on NPR). The government numbers are a distortion of the facts.
lives2live 1 month ago
@lives2live if unemployment is going down, how are we losing more jobs then we are gaining?
Andydag904 1 month ago
@Andydag904 .....I just explained why. The government only counts people who are actively looking for work as unemployed. People in huge numbers have given up the search for work and are no longer counted as unemployed by the government. They simply are not counted as anything. Unemployment has not gone down according to the actual data. The problem is that the government uses a very poor method of determining unemployment. Again, this has been widely reported on, you could simply look it up.
lives2live 1 month ago
@Andydag904 Unemployment (or joblessness), as defined by the International Labour Organization, occurs when people are without jobs and they have actively sought work within the past four weeks. While it is true that this figure is likely meant to avoid including retirees into the unemployment figure, in this day and age of free money, free food, and free health care, it is unlikely that many people are rushing out their door to find new jobs.
willymcguire 1 month ago
I'm not saying I agree or disagree but since his prediction for what would happen if we didn't, what would have happened without it? I am simply setting this out for discussion
lollypopalopicus 2 months ago
RESTORING THE AMERICAN DREAM: Search for free millions of jobs on the largest #1 job site worldwide, with over 50 million unique visitors and 1 billion job searches per month and is available in more than 50 countries and 26 languages, covering 94% of global GDP. We have jobs in every state county and city in the US. Plus job and resume posting. Find your job today.
To get started just google ( Jobs Linked To You ) Then start your job searching,
popovar78 4 months ago
Why do you have so many pennies??!!
zilo10 4 months ago
This was a 2009 vid post, just look at how the change is working now.....Yes we can and yes he did, fucked all of us even the people who voted for him....
avionicswirenut 5 months ago
@avionicswirenut I'd still vote for him instead of any republican willing to carry on Bush's legacy.
chesmaster2ky 4 months ago 2
@chesmaster2ky Think about it, he has continued with most of the Bush BS....Wars and tumbling economy, not to mention the debt increasing....
avionicswirenut 4 months ago 4
@avionicswirenut correction he added a war and doubled the defecit that's all oh yeah and he did not create jobs he killed them.
2superstobie 3 months ago
@chesmaster2ky Thats because you're an uneducated idiot
MrOTLChamp 4 months ago
This has been flagged as spam show
"The stimulus only stimulated Chris Matthews' leg." ---Congress of Racial Equality National Spokesman Niger Innis to Sean Hannity, Aug. 18, 2011
hookalakah 5 months ago
The problem with the stimulus package is that Obama refused to take in the human factor of fear and greed. Just because you give people more money does not mean they aren't gonna cut jobs to keep up their standard of living. Also, there was still the threat of the rapidly dropping economy that businesses had to worry about so they had to cut some jobs just so the business remained safe. In the end if you don't mix statistics with the worst possible outcome plans like this just fail.
knine53 5 months ago
So I guess the money spent on stimulus was just thrown on the floor like your pennies and none of it went to pay for people's wages.
I wish I knew where they threw all those pennies...
ALongView 5 months ago
What is there to dislike about this video? If we just used numbers and logic to run our country things would be so much more efficient.
puboxer 5 months ago
My dog is a better president then Obama!!!
kalo522 5 months ago
@kalo522 Holy shit your dog is a president?
s0beit 5 months ago
@s0beit Nah I said that my dog could be a better president then Obama
kalo522 5 months ago
Instead of a "stimulus" to create jobs by financing useful investments that would have paid a growth dividend in the future, we got a debt-fueled permanent expansion of entitlements and the size of government.
hookalakah 5 months ago
This has been flagged as spam show
"There is absolutely no prospect, at the moment, that would make us believe that unemployment numbers is going to be below nine percent. ...I went through and looked--since 2009--how many times (Obama) has said, 'Jobs: priority number one; The sustained focus of this administration will be jobs...' Nobody believes that anymore." --Arianna Huffington to Lawrence O'Donnell, MSNBC, Aug. 4, 2011
hookalakah 5 months ago
It is ridiculous and impossible to try and quantify this... this video is BS... if you have 8 people with jobs and you say you are going to save or create 3 jobs... and three jobs are lost... it is still possible that 3 jobs were saved or created... it is the difference between having 5 people left with jobs or two... take a logic class sometime...
poltervolt 6 months ago
I love your videos. They make it easy to understand all the numbers they throw at us in a fair way. It also makes it easy to understand how much of a fail the stimulus was.
Ccola3 6 months ago 2
I worked in D.C. the summer of 2009 and attended a lot of the House and Senate appropriations committee meetings to get a copy of the markup reports for my boss. The "stimulus" was largely a joke. Obviously I can't speak to all aspects of how it was spent, but the portions that went through the appropriations subcommittees that I dealt with were used solely to fund run-of-the-mill stuff. It might have saved jobs, but it certainly was not used to create any.
mortalkonlaw 6 months ago
To think I waited in line for my Obama money.
farrier616 6 months ago
If you voted for Obama in 08 to prove you were not a racist , Then VOTE AGAINST him in 2012 to prove you are not an idiot !
oh and lets update this , NASA just laid off over 36,000 , Cambles soup laid off 700, Northrup Gumman laid off 600 , and NASA plans to lay off the remain 6500 workers by the end of the year , OBAMA promised Change NOT IMPROVEMENT !!!
tigerman4 6 months ago
Comment removed
DMPFace 6 months ago 12
@DMPFace Him or Roosevelt
suspicious35 4 months ago
@DMPFace FDR's insane economics, but without the tough foreign policy.
suspicious35 3 months ago
@DMPFace
Buchanan was worse.
TheGrayWolf96 2 months ago
More than 14 million people are unemployed and President Obama has offered little in the face of America's persistent inability to create jobs.
In May he said, "We are regaining our footing."
In June he said: "I don't want to pretend like everything is solved."
In July he said: "We still have a long way to go and a lot of work to do to give people the security and opportunity they deserve."
So far, the president has given America no viable plan to restore private sector jobs.
If not now, when?
hookalakah 6 months ago
Now in reality the stimulus did probably save some jobs. Just not as much as we would have liked. But overall that money could have gone to some much more helpful. The recession is just much worse than we thought it would be.
ThePlaywrightsPuppet 6 months ago
Obama spent TRILLIONS on his "job stimulus plan" and all I got was a lousy T-shirt.
"There are millions of shovel ready jobs" - President Obama
"Now I know there are no such things as shovel ready jobs" - President Obama (laughing)
MetalDetroit 6 months ago
@StuUngar100 im afraid the worse is to come, dollar will collapse and that will lead to a bond crisis, theres already inflation right now. There will be hyperinflation, massive layoff, and im afraid violence
trueconservatie33 6 months ago
This has been flagged as spam show
My Keynes Hayek: The Clash That Defined Modern Economics is published in October by W.W.Norton. Read an extract at: sites.google.com/site/wapshottkeyneshayek/
Nicholas Wapshott
nhwapshott 7 months ago
Man, you have so many pennies!!
oxxadamxxo 7 months ago
Nobama 2012
turntapzap 8 months ago 17
President Obama’s economic recovery package will actually hurt the economy more in the long run than if he were to do nothing, the nonpartisan Congressional Budget Office stated in a letter Feb 4th 2009. CBOs basic assumption is that, in the long run, each dollar of additional debt crowds out about a third of a dollars worth of private domestic capital, CBO said in its letter. It’s now 2011 and so far the CBOs prediction is proving all to true. Thanks Mr. President.
PooPooOnMyNewShoe 8 months ago
Comment removed
PooPooOnMyNewShoe 8 months ago
but, but, but, but BUSHES fault!!!! so say the deer in headlight obamazombies
duanescot 8 months ago
0,0
MusicMan53100 9 months ago
Wow, Logic Fail.
How does this economics drop-out determine we lost more jobs than if we did nothing at all?
rubberbaby00 9 months ago
@rubberbaby00
If the decline of jobs would've kept going steadily, then it would not have reached the point that it did in the same amount of time.
witmoreluke 8 months ago
@witmoreluke
Your comment is indistinguishable from the howlings of a retarded monkey.
rubberbaby00 8 months ago
@rubberbaby00 By looking at the predictions that were made for job losses without the stimulus, then looking at the actual job losses and comparing them, something a 3rd grader can do. If it's predicted that we lose 3 million jobs if we do nothing, but only 1.5 if we do something and we end up losing 4.5 million jobs i think that's pretty clear that the stimulus didn't work.
I assume the "Logic Fail" was directed at your own comment, correct?
mynameismatt2010 8 months ago
@mynameismatt2010
If you can't read the CBO report of May 2011 that shows 1.4 to 3.6 million jobs created, I can't help you.
But good luck trying to sell your teabag fantasy..
rubberbaby00 8 months ago
@rubberbaby00 And if you look at when this video was made you would know he was talking about june of 2009, not may of 2011.
And if you create1.5 million jobs, but lose 6 million jobs you still lost 4.5 million jobs.
If you look at a situation expecting what you hear to be wrong you will miss important details in order to make your assumption seem true. That's what you did here.
mynameismatt2010 8 months ago 2
@rubberbaby00 , you must be one of these king obama sheep that believea All the cleftist communist Bullshit, Are youblind, can you not see whqt is gooing on in our Country?. Remember when your king promised' Transparency and No more pork on my watch just so he could get your vote?. I must say he was transparent about appointing CZARS that onl;yt have to report to the Tyrant now., Pork has Doubled on the Liars watch but that means nothing to you leftist communist fools
scotlad219 7 months ago
What a mess.... MOM!!!
jwjkproductions 9 months ago
This has been flagged as spam show
Holy Fuck!!!!! There is not one job left in America!!!
bradjbourgeois73 9 months ago
GE paid NO FEDERAL TAXES in 2010. Not one cent.
Bank of America also paid ZERO.
Not one day of jail time has been served by the people who actually caused the economic collapse.
How did they get working people to take it up the *** like this?
We really cant afford ANYTHING but tax cuts for the rich, right?
In WI they agreed to cuts, but they want basic rights removed.
When youre all working for 14 cents and hour as in Bangladesh with no recourse--this is what you asked for.
.
Lllburns 9 months ago
@Lllburns Increasing taxes results in less tax revenue. Go check with your beloved JFK and Clinton. Not paying part of your health insurance and pension is not a right. It sounds like you voted for Obama and the destruction of America, so quit whining about working for 14 cents an hour.
1980PintoMan 9 months ago
3/3
The simple reason government spending fails to end recessions is that Congress does not have a vault of money waiting to be distributed. Every dollar Congress “injects” into the economy must first be taxed or borrowed out of the economy. No new income, and therefore no new demand, is created. They are merely redistributed from one group of people to another. Congress cannot create new purchasing power out of thin air.
Fashionificationful 9 months ago 2
@Fashionificationful Right. Thats a Ponzi scheme. That what Berni Madoff went to prison for. I do not understand why people can not see this for what it is? Out right lies and theft is all it is.I myself am voting for Ron Paul if he runs. If Obama gets reelected then dam I dont know . This cant keep on like it is. Something is gonna give and when it does... whats gonna happen when gas is five dollars a gallon and there are still no jobs? Then food,bills! This is kind scary.
abcedy123456 9 months ago
@Fashionificationful
Thank you for pointing that out to the people who don't understand how the government gets it's money.
God bless.
witmoreluke 8 months ago
2/3
This is no longer a theoretical exercise. The idea that increased deficit spending can cure recessions has been tested, and it has failed. If growing the economy were as simple as expanding government spending and deficits, then Italy, France, and Germany would be the global economic kings. And there would be no reason to stop at $787 billion: Congress could guarantee unlimited prosperity by endlessly borrowing and spending trillions of dollars.
Fashionificationful 9 months ago
1 /3
nrd.nationalreview com/article/?q=MTViNmZiZmQ4NmMxM2Y5NmEzNWIwYWRmNmNhMWJlY2I=
$787 billion (actually $862 B) “stimulus” a flop. In a January report, White House economists predicted the bill would create (not merely save) 3.3 million jobs. Since then, 2.8 million jobs have been lost, pushing unemployment toward 10 percent.
Fashionificationful 9 months ago
These videos are amazing.
idontknow5858 10 months ago
wow, you have alot of pennies just laying around. What happens to them when you don't make videos do you just like have them sitting around in like lots of buckets? also how do you pick them up off the floor do you do it by hand of like vaccum them up?
strickerman101 11 months ago
Can you get me a link to where you downloaded that video?
pamala77 11 months ago
My question is: Where'd you get all the pennies?!
jtropeano 11 months ago 2
Is it appropriate to be crying during this? I am.
usarok85 11 months ago
i bet most of the people who liked this page, voted for obama
idiots
Trump 2012
infectedXparasiteX 11 months ago
I guess the person who was supposed to pick up the pennies was on vacation huh?
Nukefuzion 11 months ago
If I had a nickel for all those jobs lost...
tonusbonus 11 months ago 32
@tonusbonus
Then you'd have a nickel....
Or did you mean a nickel for EACH one?
telecomladyj 11 months ago
@tonusbonus I know people that wish they had just those pennies!
cowpuncher1968 6 months ago
so if the stimulus plan had never passed how many jobs would have been lost? even more? or less
trinitydobes 11 months ago
@trinitydobes i think the point is the cost... the stimulus money has to come from somewhere. Maybe the same amount of jobs lost, but less cost is what I gathered from this
jimivaughan420 10 months ago
You're ignorant.
TheGreenOrange1 1 year ago
While I love the visuals and am against the stimulus, you NEED to raise the level of credibility to your visuals............post the study reference to all these within the video so someone can review them.
reflectionsdetail 1 year ago
@reflectionsdetail thanks I was thinking the same thing. I like to read the source documents as well.
ObamaFansAreIgnorant 1 year ago
Only politicians can screw things up so bad that we need to use scientific notation to mathematically measure the damage.
rmcdaniel423 1 year ago 2
@rmcdaniel423 or we just need to put scientist in the white house as leaders instead of voices that are ignored by the president..
madnessdexter 1 year ago
Why don't you add some George W Bush videos? Like the 2001 Tax Cuts, 2003 Tax Cuts and all the George W Bush bailouts?
centenosparky 1 year ago
@centenosparky
Then we can also talk about Reagan's trickle-down economics.
Oh wait....... that worked!
jafstraycat 1 year ago
@jafstraycat What bizarro world do you live in where that worked? the Bush tax policies were essentially continuing that.
atheistworstenemy 1 year ago
@jafstraycat Wow you need to go back to high school. The trickle down theory was a massive failure. The idea was to give money to the rich, who would then hire more people, who would then be paid, etc. etc. When in fact, the rich people got their money and said "Fuck this the economy sucks right now, I'm putting it into savings" it didn't work. The only thing that has ever worked was getting people to relax. The economy goes to hell because people freak out and take their money out of stocks.
08caitylynn 1 year ago
@08caitylynn
Wow you need to go back to high school. Where do jobs come from? They come from investment and savings. "Fuck this the economy sucks right now, I'm putting it into savings" is the best possible thing Americans can do with their money right now. The Keynesian philosophy of Going deeper into debt to buy worthless shit we dont need has been proven a massive failure.
FartyFace 11 months ago
@centenosparky Everyone knows Bush, wasn't a very good president. But even with all this happening around Obama people are still following him and ignore what is really happening with Obama, or not many people understand.
SolLyte 11 months ago
@SolLyte I think it is because people care more about what political party the president is from than what he actually does. The bottom line is neither party answers to the people. They answer to the lobyist and huge companies. Many of the problems in the country get ignored or are considered " untouchable"
aqinthe 10 months ago
He knows he's trying to destroy it, I wants to plunge us off a cliff then come in and set up a socialist state
skiallwinter24 1 year ago
Shhhhh, dont tell anybody, but I think this president is trying to DESTROY OUR WAY OF LIFE!
nickademuss42 1 year ago
Makes me proud to be an american =P
candyman81893 1 year ago
I think one explanation is that the economy was much much worse off than anyone predicted. If that is true, then it was Obama that actually saved us from abyss because he acted when he did.
I think its clear to me that Obama has done a great job so far and that the people that drove the car into the ditch are not complaining that Obama isnt getting it out fast enough.
bdhcarbon 1 year ago
NOOOO YOUR PENNIES!!!!!!!!!!!!!!!!!!!!!!!
missjulli3t 1 year ago
Obama knows little and understand even less. Lots of physical style and great use of words, but, nothing he says is worth a plugged nickle. I happen to like fakes. Obama rates high in my book of Fakes.
philami1 1 year ago
Hahaha epic visualisation!
coll0016 1 year ago
Looking at some of hte comments are pretty amusing. Only in America could someone offer you free healthcare and the nation try and bite their balls off. I worry about you guys.
Great representation of data in these videos though!
Willis2992 1 year ago
@Willis2992 There's no such thing as free healthcare. we bite back because the "free" healthcare is way too expensive.
shamgar001 1 year ago
If anyone thinks our healthcare is expensive...Just wait until it's free!
MrOTLChamp 1 year ago 27
@MrOTLChamp Thats funny cause you still have to pay up front fees and pay through your taxes, so I'm not sure why you believe that.
ObamaFansAreIgnorant 1 year ago
@MrOTLChamp using 2007 numbers, and Georgia's 200$ a month average cost, i would actually SAVE over 1.5k$ and get better care to boot if the Canadian Government let me keep my tax dollars and go private instead.
QCprepper 9 months ago
@MrOTLChamp
What a great line. I commend you.
EGarrett01 8 months ago
This has been flagged as spam show
Our stimulus goes to other countries? Yes. The U.S. Department of Energy revealed $60 million of the $1.2 billion given to the agency in economic stimulus funds to study climate change. While some might consider the expenditure frivolous, especially given the nation’s financial woes, it should be noted that some of the equipment was not even intended for use in the U.S. but rather was deployed to facilities in the Maldives, India and Australia.
vechorik 5 months ago
@Willis2992 Like anyone from GB has anything to say. You dickheads are screaming about global warming, while you're freezing your ass off in the biggest cold spell to hit all of Europe in years. How can anyone take you seriously? Your healthcare is not free. You idiots are burried in taxes because of your "free" healthcare.
MrOTLChamp 1 year ago
@MrOTLChamp Unlike what the media portrays half of us don't believe the fad. I think it's bollocks. But irrelevant never the less. I can't be arsed for an internet argument and I assume nor can you, as the fact you can spell I'm going to assume you at least have some intelligence. But looking at the state of your economy, it's not like 'anyone from the US' has anything to say on matters either, you guys should focus more on your internal issues rather than trying to control the world.
Willis2992 1 year ago
@Willis2992 We don't try to control the rest of the world. But we are, the last real country that will fight for other countries freedom and liberty. Apparantly before our own. Don't you think countries like Kuwait, were glad we stopped Sadam Hussein from further rape and murder of there people? Who else was going to do it? What you call trying to control the world, we call protecting innocent people.
MrOTLChamp 1 year ago
you can get more for them pennies by the lbs.
MrAnonymous2012 1 year ago
Comment removed
mikewm9v 1 year ago
Comment removed
mikewm9v 1 year ago
Comment removed
mikewm9v 1 year ago
Comment removed
mikewm9v 1 year ago
Comment removed
mikewm9v 1 year ago
The last part was a bit over the top, but i get it... lol
blackchrisp 1 year ago
That must've been a bitch to pick up lol
david52875 1 year ago
Im pretty sure the US would be in a deep depression, had the government not done anything... count yourself lucky ur still hanging on because there is worse to come in 2012
kingtercel 1 year ago
@kingtercel yeah, we would have been in a depression but instead we will be in a depression next year! bailouts just delay the final outcome by a few years
YouDiddntSeeAnything 1 year ago
@YouDiddntSeeAnything your probably right here ... might be worth making some long puts on the dow, make some cash out of it
kingtercel 1 year ago
@kingtercel good idea, if the economy keeps goin in its current direction you'd probably be glad of a little extra cash, I personally like to put my money in the precious metals :)
YouDiddntSeeAnything 1 year ago
@YouDiddntSeeAnything - I believe that a Precious Metal speculative bubble is being developed. Invest here with extreme extreme caution. I recommend taking your money out of precious metals within the next 3 years. It's going to save you money when the bubble bursts in under 5 years.
No market is certain, not even precious metals.
Slipknotyk06 11 months ago
A con job plain and simple. A buttload of the money went to union bosses, Wall Street and pet projects of certain "friendly" politicians. He made promises he knew he could not keep...so what else is new? It is the job of the government to monitor commerce but NOT get in the way, to make an environment in which free enterprise can grow. Thanks to this idiot, every breathing American and a whole generation yet unborn will owe 40K plus to pay off this multi-trillion dollar debt. Change...BAH!
Flap999 1 year ago
the blue gummed vertical chim panz z is a peice of fecal tissue...he is a GaD DAMMED FUCKING JOKE...
~
A GaD DAMMED MINION OF SATAN ITSELF AND HAS ONLY ONE MISSION
~!~
DESTROY AMERICA...
~!~
COME SEE MY VIDEOS for the real truth
*&*
{ Angels on the Ark by Michael Fazio }
HoodwinkedbyanAngel 1 year ago
How in God's name can the government "save" a job by spending money? To me, it defies logic.
ManOfDeath567 1 year ago
can someone provide some references for these claims and some numbers too? like does it mean unemployment SKYROCKET after the package was passed? what was it before and after? how come the jobs werent saved if the plan was supposed to save it??
Playitalready 1 year ago
depressing how many who thought he was "our savior" are JUST realizing he put us in double the debt Bush had in 1/2 the time; cost us more jobs than any other president in american history & as far as health care goes.....w/e.....screw it all
area102 1 year ago
@area102
Who are you people who are so worked up about the national debt? You worry about debt in good times. In a bad economy you stimulate the economy. You get people working so that they can spend money and continue to stimulate the economy. It works in a cycle. This is the most basic of economic theory, why doesn't anybody get it? Why is it even controversial? We need more and more stimulus. I don't hear anybody coming up with any other suggestions, not even bad ones...just complaints.
bkirk918 1 year ago
@bkirk918 good point, what's yours
area102 1 year ago
@area102
Sorry, I don't understand your reply.
bkirk918 1 year ago
@bkirk918 you said you didn't hear anyone coming up with any other suggestions, what are yours
area102 1 year ago
@area102
Suggestions on what? I'll answer your questions if you ask them specifically.
bkirk918 1 year ago
@bkirk918 You are under the delusion that the government can create jobs. The most basic economic theory disproves "spend to prosper".
ThunderWalkerAiel 1 year ago
@ThunderWalkerAiel
Government creates jobs all the time. Where I live, there's been a great deal of road work from the stimulus. That is the government creating jobs. You might not like that they do it, but it's done.
Perhaps you think it's better to stick your head in the sand and wait for things to magically fix themselves. But I believe in action. If people work, they spend, they spend & the economy improves & more people work, etc. This is no time for your games, it's a major crisis.
bkirk918 1 year ago
Comment removed
bkirk918 1 year ago
@bkirk918 You're making a great point but overlooking a very important principle: return on investment. If you spend $400,000 to create a job that produces $50,000 of wealth, guess what? You just lost $350,000.
"Government creates jobs all the time." How? How are those people paid? By pulling money out of the private sector. If you want to improve the economy, the worst way to do it is to feed the productive part of the economy to the unproductive part.
smiledammit24 1 year ago
@bkirk918 But do you believe in your "action" as a way that will hold in the long run? That's the problem, we are a part of this theory that as long as you wan't material growth the government is going to be fine, but people are probably going to be fed up with the crisisis in the long run, so then what? Maybe we should let this system crash by itself, because it's too much of a flawed theory.
claudiusrex 1 year ago
@claudiusrex
By "action" do you mean the stimulus package? I'm not sure what you're asking. I know that the sooner people are put to work the sooner money will start moving and stimulating the economy on its own.
bkirk918 1 year ago
@ThunderWalkerAiel What an anti-intellectual, selfish attitude for you to oppose action that puts people to work. I have a job & I assume you do. There are millions of our fellow Americans losing their homes & can't feed their kids b/c of the worst economic crisis in 70 years. And you call putting them to work an delusion.
Why? Because of some theory or ideology you cling to? Crises aren't time for theories, but for action. You'd change your mind if you were on the other side of these problems.
bkirk918 1 year ago
@bkirk918 Action? Well, would you support something like say, a 90% tax cut for every American?
Most of the Americans who lost their homes during the housing crash were unable to afford them in the first place. The govt. forced banks to give loans to financially destitute people even when they knew full well they could not pay them back. Causing an artificial rise in home prices and artificially expanded suburbs and related industries. Those on "the other side" should ask how they got there!
smiledammit24 1 year ago
@smiledammit24
The only thing that's going to fix this is to bring back manufacturing jobs and stop importing everything. The Democrats won't do it. The Republicans certainly won't do it. Everything else is just splitting hairs. Any one who thinks that the big Conservative victory coming tomorrow is going to change a single thing is going to be very disappointed very quickly.
bkirk918 1 year ago
SO..... he lied , or he is over his head? damn what is worse ?
realhxq 1 year ago
@realhxq 2nd....as it's what led him to lie =(
area102 1 year ago
@area102 are Fed. Reserve?
realhxq 1 year ago
Obama=Failed, 1 term President
ParasiteQueen1 1 year ago
I am afraid that the stimulus plan not only failed (based on the unemployment rate as of 10/10), but put us $900B more in debt. I think the national debt is a serious issue. Once the Fed can not longer keep our bond yields artificially low, the interest payments on the debt will crush future budgets. I recommend "Why We Are In So Much Debt" for a succinct explanation of our monetary problem.
69vmac 1 year ago
I love what Thomas Sowell said about recessions, "The best thing a government can do in a recession is nothing"
Mezey5 1 year ago
Obama and Democrats want to tax small business making over $250K revenue. Obama est 2.8% of all small businesses. Look at the real numbers; the 2.8% represent 895,000 small businesses that hire more than 10 people per business. For businesses with 10 the taxation means two full time layoff or four part time layoff. For business with 20 the taxation means 4 full time layoff or 8 part time layoff. Using those numbers Obama tax will lose 1,790,000 full time to 7,160,000 part time jobs.
myHome109 1 year ago
Please do the math, Obama spent $1.2 Million for each auto workers job saved. The auto worker makes $50K to $60K per year. Tax payers have to pay $1.2 million to create a $50K to $60K Job by Obama. My math show a $1.15 loss for the tax payer! Obama administration sucks at math and accounting. Keep this up and we are all in the begging line being taxed for begging!
myHome109 1 year ago
obama,your a dumb fuck!
all you had to do is give every house hold 100,000 dollars to spend each.
To fix the economy you need people buying things!
also it would not hurt to pay off everyone's schooling debt too.
captinseperoth 1 year ago 11
@captinseperoth that is the stupidest thing ive ever heard. if you gave 100,00 dollars to every household that little thing called inflation would go absolutely sky high. shut up and dont come back.
barmbyy 1 year ago
@captinseperoth
so, do you know what inflation is? if we give everyone 100k then stores KNOW people have money and will jack up their prices so damn high and the value of the dollar will drop and America will crumble in on itself. Lets think before we type next time k?
silencedblade 1 year ago
@silencedblade What do you think is going to happen as a result of the Fed printing money non-stop. There is going to be more money for the same amount of goods. I.e. Inflation. At least with captinseperoth's plan the people would get some money instead of just the bureaucrats.
ishitonallah 1 year ago
@silencedblade - Not only that, but that approximately quadruples the supply of currency currently in circulation. This makes the currency itself nearly worthless.
Slipknotyk06 11 months ago
@captinseperoth
If you average two people per house hold, that will cost 15 trillion dollars. Good luck with that.
Ilikemustard 1 year ago
@captinseperoth so the government is supposed to hand out 7 trillion dollars with a revenue of 4 trillion dollars?
chucknorris1220 1 year ago
@captinseperoth $100,000 per household works...but considering our $14 trillion deficit, that could easily have been about $40,000 per PERSON.
imnotdavidxnsx 11 months ago
@captinseperoth - Are you aware of how much money that is? It's worse than the Stimulus.
$100,000 per household. Let's assume there are 75,000,000 households in our 308,000,000 person country. That is approximately 7,500,000,000,000 versus our current 14,000,000,000,000 debt. This would also increase monetary supply so critically as to create 90+% inflation. Money then becomes worth nothing, the National debt increases 9 trillion including interest.
You just got pwned.
Slipknotyk06 11 months ago
@captinseperoth Yeah, lets give everyone 100,000 dollars to spend, and not worry about how much inflation it would create.
Should probably take a economics course before you spout nonsense.
kylz0r 11 months ago
@kylz0r Take "an" economics course. Maybe you should go back to the first grade and learn about vowels. Oh yeah, and FUCK YOU for voting Obama. Thanks a lot asshole!
kg6iif 11 months ago
@captinseperoth That's so backwards and wrong that I'm just going to assume you're kidding. You can't just start giving out money to fix the economy. Have you learned nothing from the current administration?
screamingcow16 11 months ago
@captinseperoth you're*, and simply printing and giving away money doesn't help either. Inflation hurts.
idcmfs 10 months ago
@captinseperoth i hope you are being sacrastic?
if not, learn about inflation. otherwise why not give people billions.
TrollForTuna 10 months ago
lol biggest fail in americas history the stimulus and health care bill, THINK OBAMA!!
dyeoreyekiwlyou 1 year ago 22
@dyeoreyekiwlyou Well considering Bush also signed a Stimulas...and don't forget Bush's TARP Bailout.
KingMKLA 11 months ago
Ha! this guys great! so true. im subbin for sure
DanJeffery07 1 year ago
Question: Do you still want to give money to "PUBLIC - Government Union Workers" who expatriate to other countries to retire taking every last penny spend on Tarp with them just to MEXICO? These are the same people who shut down your parks, took money away from young teachers, took money away from childrens lunch programs, took money away from retarded people, took money away from highway funds, took money away from elderly care, but did not touch their pensions?
myHome109 1 year ago
Let’s use AARP data for just two cities with 60,000 USA Government workers retiring in Puerto Vallarta and Panama City. 60,000 x $60,000 per yr pension and healthcare benefits = $3,600,000,000.00 per year tax payer funded pension money leaving USA because of Government Union Workers retiring outside of USA in just 2 cities. Mexican Census in 2008, 9,900,000 USA expatriate living on Pension emigrated to Mexico. 9,900,000 x $60,000 per yr = $594 billion ($594,000,000,000.00)
myHome109 1 year ago
AARP – pg 52, Sept 2010, Recommend 5 Retirement outside of USA. AARP an organization fighting to keep pensions, entitlements and SSA for elderly recommending purchasing house outside of USA for retirement. Puerto Vallarta, AARP, brag has 50,000 USA and Panama has thousands of USA expatriates on “PENSION”. Only Government and Unions have PENSIONS. UNIONs are shipping billion per year out of USA and purchasing the most expensive item “A HOUSE” outside of USA. Why Stimulus Don't Work for USA!
myHome109 1 year ago
Cant argue with mathematics.
thatfunnyblackdude 1 year ago
Just because more jobs were lost doesn't necessarily mean that it was the stimulus package was ineffective, it could just mean that more jobs were lost than origanally expected. I would hate to see unemployment rates if the package hadn't been passed. Also as of now unemployment rates are decreasing.
chucknorris1220 1 year ago
@chucknorris1220 Historical facts prove that what the president did hurt the economy more then help. A lot of the economic policies Obama is talking about, are the same economic policies of Hoover... you know the president that caused the great depression. Both were told "leave it alone" and didn't. Hoover wanted Corporations partnered with the Government *cough* GM *cough* Hoover did not want to give individuals money *cough* repealing of bush tax cuts *cough* and raise capital gains taxes
TRMerc 1 year ago
@TRMerc I agree with you that Obamas economic policies are similar to Hoovers but I don't believe that it was Hoover that started the great depression, I think it had to deal with over production and falling stock prices and european debts.
chucknorris1220 1 year ago
@chucknorris1220 No Hoover didn't start it... but it's like saying "Well the person that threw gasoline on the fire didn't start the fire." If you make something a lot worst that's just as bad as starting it. If Hoover hadn't increased Corporate Taxes, the corporations would have been in better financial shape and their stock prices wouldn't have dropped that much. So while Hoover didn't start the collapse of the stock market, he made it happen a lot faster to the point of hitting bottom
TRMerc 1 year ago
I can't believe there are actually people who support Obama. I realize some just want handouts and socialism, but to those who really think he's a good President, wow. They must be the dumbest people on the planet.
xsited1 1 year ago
Anyone who believes that government spending can "create jobs" should familiarize themselves with the broken window fallacy.
John Stossel provides an excellent introduction to this topic: watch?v=UPmo2e-bAMQ
studentofsmith 1 year ago