Stimulus Effect on Jobs

The White House has issued a report on the $787 billion federal stimulus package, claiming that more than 600,000 jobs have been saved or created as a result. Chip Reid reports.

Category:

News & Politics

Tags:

• cbsepisode
• Breaking News
• Bailout
• Stimulus
• Obama

[XICANOXOC]

Thats bull shit california unemployment is at 12% and I still dont have a fucken job going on 3 months now!!!!!!!!!!!!!!!!!

[quizerry]

Has anyone noticed on here that everytime a Video on Washington gets alot of negative response it is taken off within a day?

[Fashionificationful]

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]

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]

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.

[elsquibbs]

You forgot MSNBC, DigitalAquaris. You should be more "fair & balanced."

[jnuness]

they have no idea off anything, the true is public sector is broke... and now they are relying on privet business to save the world ........

[jwv651]

Biden said We know it's not 100% accurate...Now that's Funny!

[DigitalAquarius]

See? This is whats called FAIR AND BALANCED reporting. They give comments from BOTH sides, with UNBIASED reporting.

Fox News on the other hand, is just a propaganda machine for the GOP.

[zztwp]

This is what Lib Democrats do Lie and Lie BIG and Lie some more !

There is no thats none jobs and no help where I live !

We have record people on food stamps and record unemployment here !

Why do the Lib Democrats LIE like this for ?

I cant belive that CBS is willing to go along with this BS ?

ZZTWP :

[p0479]

All bullshit. The economy is in the shitter and BHO is only making it worse.