Romney: Economic Stimulus 'Didn't Work'

[WKaliberr]

you dick don't work bitch

[MooseOfReason]

Learn about the "Broken Window Fallacy":

watch?v=UPmo2e-bAMQ

It's a three minute video and very informative.  "Government spending reshuffles jobs. It doesn't create them."

[dennist3hmenace]

Why does Romney lie about the unemployment rate? The U6 is 17% right now!

[mrbhave]

Considering the fact that $250 - $300 billion of the stimulus package is comprised of tax CUTS, I'm hard-pressed to understand why so many republicans are calling the package a failure, particularly when tax cuts were their resounding solution to our crisis last year.

[Mernie9]

He's high ...

[leftygunz704]

We need another Reagan!

[wervasdeferens]

Really? Who do you think led us to this place?

Ronald Wilson Reagan 6 6  6

LOL, just kidding about the 666,sort of.

[Ccolebrooked]

Fuck that.

[AshillaBeige]

Reagan expanded the government, dickwad.

[thisoldhate]

Jesus. Could the republican leadership get any more divisive and ignorant? You would think with only 20% of Americans identifying themselves as republican these imbeciles would get smart, but I guess that's too much to ask.

[belgurdo]

Oh, Mitt...

[XMADDMARSX]

what a dork....

[WadeBlazingame34]

If only Mitt could take over the economy, he'd fire 50% of the workforce. That would really boost our stock price.

[Phyrexious]

Wow... This guys logic is rediculous.

He's saying that the stimulus didn't work because America now has what it shouldn't have according to old *predictions*.

Yes that's one of 2 possible explanations...

The other one is: Things are much worse than expected and without the stimulus things could have been 10 times more worse.

But of course he doesn't consider that possibility and conveniently chooses the side that suits his agenda.

Best of luck Democrats.

- From the Netherlands

[Aaberg123]

"Ridiculous" :)

[boots920]

It is the absolute right of the State to supervise the formation of public opinion.

Joseph Goebbels

Wether Ruplipuke or Democrap you get the same result destruction of the country called USA.

Subversion - Common Purpose = Society implodes without any citizen objecting (Ref: Brian Gerrish video) Google it !!!

Unfunded Sandbox Wars = Since 2001

Counterfeiting money = Since 1971

Wake up or lose your country !!! Its that basic....

[greyflcn]

re: boots920

Say boots,

Do you think people can accurately quantify/monetize risk?

greyfalcon. net/ risk

[boots920]

People (taxpayers) can't even distinguish the difference between "currency" and "money".

Taxpayers have preceived that the US dollar is as valuable than gold and silver.

Even though if you compare the performance of paper vs. gold you still can't convince people to protect their savings.

1776 Gold = $20 in US "Currency"

1933 Gold = $20 in US "Currency"

1971 Gold = $35 in US "Currency"

2009 Gold = $1050 in US "Currency"

Simple truth citizens ignore reality that's why we're toast.

[zndprophet]

You know-what's really infuriating is this idea that we DIDN'T stimulate the private sector.

We DID! We gave the private sector A LOT of money. To CREATE JOBS WITH.

SO where are the jobs?

Maybe for once it's time to ask the PRIVATE SECTOR where the fucking jobs are INSTEAD of the government!

I mean, why the hell does the right think these people are so angelic. So ready & willing to give people good, high paying jobs?

That sure isn't what their investors want.

[LeGioNoFZioN]

private sector is really big, and though some parts got simulus money, not all did. Most money went to Banks/Wall St, not to wal mart or cable companies or any of the places average people work at.

[boots920]

The entire US banking system is a fraud with world leaders co-operating on the ponzi scam.

Private Sector of the United States of America is the following industrial complexes:

- Military (730 bases in 130 countries)

- Legal (no long form Obama has spent 1.6 in court time)

- Medical (60 Billion in Medicare fraud ref: 60 minutes)

- Education (no moron left behind)

The US has been counterfeiting GOLD since 1971 that ponzi scam has just ended.

The Freeworld is toast...great private sector !!!

[wervasdeferens]

"Government can't create jobs, only the private sector can."

1)Somebody better tell that to the defense industry. "HEY, Lockheed Martin,Grumman,GE,Halliburton,­etc., no more teat for you. Find someone else to buy your bombs and shit ".

2)Most Jobs with decent benefits and a pension are either a Union job or a GOVERNMENT job. Funny how many government jobs are also union.

The Right = Psychotic Insanity

Hey,that's a good band name. Dibs

[martinaoe2]

Yea but Lockheed is also unsustainable so your statement is false.

[wervasdeferens]

martinaoe2,

Please elaborate

[martinaoe2]

Lockheed has grown and only supported its jobs because of the Gov giving it huge defense contracts.

Without the gov funding the war machine it would not employ half the people it does. Your gov is broke and has debt it can not repay so why does it continue spending and propping up jobs where people might be more productive somewhere else using their great talents.

Thanks for your rational response.

[wervasdeferens]

martinaoe2,

You're 100% correct, and you're also bolstering my point. the goverment CAN create jobs.

Who else is going to buy the bulk of products Lockeed et al produces?

I get your point about the US debt, and I agree. But the fact remains that there will always be some military spending and therefore jobs will be created by that spending.

I just get tired of the Right's rhetoric,it's nonsensical.

[martinaoe2]

Re wervasdeferens:

Imagine if the gov didnt spend it and those talented people working there went off to create productive companies.

Look the situation is dire, corporations and business men have been wielding politicians for their own ends for 100's years, first noted in britain. Look at your own federal reserve it was created by and for bankers for them to rob the american people through inflation through the creation of paper money with debt attached!! tax follows..think about that..

[wervasdeferens]

True, but considering that the Banksters' plan has been in effect for 3 centuries, how do we stop them.?

How do we stop the NWO,The Illuminati, The Third Sector?

It's like Cancer,Herpes, an ever lasting gobstopper.

(I couldn't resist the Willy Wonka reference.)

My point is,that "they" have the upperhand and have always practiced divide and conquer techniques. They have financed both sides of every war since the 1700's. They crash economies,and buy them cheap. They make money out of air.

[AshillaBeige]

Ever heard of the Broken Window Fallacy? It's a well known economic concept stating that the government can not create job, it just funnels money from somewhere else and shuffles employment.

Say you broke my window; did you create a job? No, you caused me to give my money to someone to fix it rather than to a grocer or to pay for transportation. It's not the place of the government to act as an engineer of peoples' lives. The gov paying into companies to create jobs just shifts money.

[AshillaBeige]

Look at output per worker and pay per worker. Yeah, unions are great. Oh wait, in my country (Canada) which is far more unionized, workers are paid more than they produce. It's an unsustainable system. It's insane to think that money just appears from no where and that you can pay people more than they produce without consequences.

[wervasdeferens]

AshillaBeige,

What do you mean? The only point of creation for any goods are raw materials, everything else is value added

The private sector takes people's labor,the government takes people's taxes. What is the difference, if you're getting something in return?

The only difference is some feel as they are not getting their money's worth from the government. But some Laborers also feel they are not getting fairly paid from the private sector.

[wervasdeferens]

(cont)

Do you propose we privatize everything?

Roads?Military?Police and Fire?Utilities?

Waste removal?

I have come to the conclusion, that those in the Ayn Rand philosophical camp are very short sighted.

They are willing to pay more for a service that makes some CEO a multi-millionaire, than pay less, in taxes, for the same service if some poor person might get free cheese.

It's cheaper to educate and help people than it is to ignore and imprison them.

[wervasdeferens]

(cont)

Demand creates jobs and both the private and public sectors fill that demand.

The argument from the Ayn Randians is that socialism disincentivizes people.

That's great! You show me a rich person that would be willing to trade places with a poor person, just in order to receive charity from government and you've shown me a fool.

"I want to keep what is mine".

Where do rich people get their money from?

An economy is all about shifting money,the government is just a cog in the wheel.

[wervasdeferens]

(cont)

Only the commons should be socialized.

Infrastructure,Health care,Education,Protective services,etc.

Everything else should be in the private sector.

"Well, what about food and shelter?"

There's a big difference between cheese,bread,milk,etc than handing out fillet mignons and caviar.

The same goes for living in public housing as opposed to living in a Mansion.

People should give up their short sighted selfishness and realize that they will have more, if all have the basics.

[PersonalJesus348]

the bailout has not worked.....

The stimulus has yet to kick in

[boots920]

Stimulus ? You mean counterfeiting billions if not trillions out of thin air (Federal Reserve) Gee I wonder why they won't let the corrupt politicians audit the fed even with 306 co-sponsors. (HR 1207)

"Now they're planning the CRIME OF THE CENTURY" !!!

Thus, the use of fiat money is more justifiable in financing a depression than in financing a war.

Carroll Quigley

[PersonalJesus348]

I don't disagree. But the stimulus has programs to do what bush neglected to do in the last 8 years.

The bailout... that's the true robbing.

I just want to establish both are different

[boots920]

So how does counterfeiting money help the economy ?

The stimulus is pure counterfeited money it will turn the USA into a third world.

Zimbabwe economics never have worked in the past (1923) Germany

Present

2005 Germany

or Future

2010 USA

Unless you can explain to me how does counterfeiting money solve economic problems ?

The gold price proves this is exactly what's going on.

[PersonalJesus348]

non sequitur....

[AshillaBeige]

No, you just can't make a counter point. This isn't tennis. Shouting "FAULT" doesn't mean you won a point.

[whoo689]

Obama should instead talk to his Democratic friend Bill Clinton if he thinks stimulus is so necessary. Clinton presided over a huge peacetime boom in the 90s after a short recession, WITH NO STIMULUS! In fact, Clinton himself cut some taxes. Two of the largest peacetime growths happened with tax cuts and letting the economy do its magic, not silly stimulus packages. In fact, SOME, like Paul Krugman, want MORE stimulus. How much more? Should we turn gov't into 40 or 50% of the economy?

[whoo689]

That's 80,000 jobs SAVED. Not created. If that's the best the "stimulus" can do, then fuck it. Let the economy recover on its own. We got out of a 1980 recession with unemployment just as high, although some claim unemployment is closer to 16 or 17% now, in just 3 years!! It's about the same with the one Clinton inherited. Who's to say we can't do that today? Just b/c the financial crisis is "so severe"?? Financial crisis is not what caused the recession, in and of itself.

[whoo689]

Stimulus is and never was necessary. The economy is even worse than those idiot shit-for-brains "economists" Romer ( who came from UC Berkeley, of all places) and Bernstein said it would WITH stimulus. They claimed it'd reach a high of 8-9% with stimulus, but now it's about 10%!!! And that number will just keep climbing for a while still. Gibbs, in a recent meeting with press corps, said that the "accomplishment" of stimulus thus far has just been to save an average of 80,000 jobs per month.

[whoo689]

We were bound to have a recession starting in 2007 after about 5 years of continuous growth. The average is about 6-7 years of growth since the Fed's inception followed by a recession. The financial crisis just made it more severe, if anything. Don't buy into any lies that financial crises alone cause recession. The collapse of Lehman did not lead to the downturn. The downturn started in 2007, long before their collapse.

[carrierexchange]

of course Romney has no evidence for his claims but that's become a standard in today's Republican Party.

[zndprophet]

And what's the republican motto?

JUST KEEP SAYING IT UNTIL IT BECOME THE TRUTH!

"Government can't create jobs, only the private sector can."

Yes, how brilliant & provocative Mr. Romney. And that's EXACTLY what the debate's about, and that's entirely true, and the only reason democrats aren't doing things your way is because they are just natural born LOSERS, and LOSERS can't figure these things out.

Romney is a WINNER. Can't you tell by his WINNING SMILE?

I'm Shitferbrains & I'm a voter!

[Francebrasil]

Bitching and moaning. The only GOP platform til these guys get back to power, and then fuck it all up again, big style..

[theracemixer]

maybe the economy will do good by Mormon magic underwear

[Philinspaces]

Any time a Republican starts a sentence with "LOOK", you know he's about to lie.

[GibbyLOLSTFUPLEASE]

lol. It's like a flag for future republicans that look back at what they are saying.. "Says here in the manual whenever they say Look, ignore what they are saying for 2-3 minutes. "

[cosmosgato]

Or anytime they begin a sentence period

[belgurdo]

Going into my "quotables" folder

[dafttool]

We had 3.5% growth this quarter that most economist think would've been a negative number had no stimulus occurred. Thus, the stimulus has worked more than it hasn't. NOBODY said the stimulus would be a magic wand magically getting us out of the world wide recession. I'm not entirely pleased with the stimulus (aka corporate welfare), but it has worked THUS FAR, particularly the 1st time house buyer credit which was a vital shot in the arm to the real estate market.

[pewpewmigoo]

Blah blah blah he couldn't have done any better. All the repubs do is bitch and moan while knowing they had no plan for anything other then tax cuts for the 1 % of america..

[jetmanisme]

00:56-1:02 made no sense whatsoever and I lost 5 IQ points hearing it.

[toiluopbruce]

He should be reminded the stimulus started with his party when that dummy was the President.