Stimulus... where forth art thou?

  1. You have chosen to ignore posts from 1984-Redux. Show 1984-Redux's posts

    Stimulus... where forth art thou?

    A rose is pork by any other name as it smelleth so sweet...

    Indiana Sen. Evan Bayh, a Democrat, says the stimulus package hasn't created one job. President Obama says it's saved 2 million. What gives? 

    On the anniversary of the signing of the economic stimulus package, debate rages over whether the package delivered as advertised. Here's a look at where the country was a year ago, and where it is today: 

    Unemployment 

    -- The jobless rate rose from 8.1 percent in February 2009 to 9.7 percent in January 2010. 

    -- The number of unemployed rose 2.09 million in that period, from 12.7 million to 14.8 million. 

    -- Federal government employment rose by 113,000. 

    -- The number of states/federal districts with a jobless rate of 10 percent or higher rose from seven in February 2009 to 17 in December 2009. 

    -- The rate at which employers are cutting jobs has slowed. Employers shed 20,000 jobs in January 2010, compared with 650,000 last February. 

    The Economy 

    -- The GDP grew 5.7 percent in the fourth quarter of 2009, as compared with the 6.2 percent decline in the fourth quarter of 2008. Last quarter's growth marked the biggest gain in six years. 

    -- The economy posted positive gains in the third and fourth quarters of 2009. 

    Debt/Deficits 

    -- The national debt rose from $10.78 trillion on Feb. 17, 2009, to $12.35 trillion on Feb. 17, 2010. 

    -- Foreign governments increased their ownership of U.S. debt by $453 billion, or 14 percent, from February 2009 to December 2009. 

    -- The deficit for fiscal year 2009 was $1.4 trillion and is expected to hit $1.6 trillion this year. 

    Stimulus Spending 

    -- About one-third of the stimulus money has been paid out. 

    -- Nearly 70 percent of the non-tax relief portion of the package has been obligated to specific projects and programs, according to the White House. 

    -- Recent studies have found more stimulus money, on a per resident basis, went to states with low unemployment than with high unemployment, and that more funding went to high-income areas than low-income areas. 

    Benefits 

    -- More than 55,000 projects have been funded from the stimulus, according to the White House. Of that, more than 8,500 stimulus-funded transportation construction projects are under way, with a total of 12,500 in the pipeline. 

    -- Nearly $120 billion has been provided in tax relief, according to the White House. 

    -- The White House says the stimulus has provided jobless benefits to more than 18 million Americans; $20 billion in loans to more than 42,000 small businesses; $56 billion in Medicaid funding to states; $60 billion for education budgets; and emergency relief payments to 55 million seniors, veterans and other residents.

     
  2. You have chosen to ignore posts from IamYourDaddy. Show IamYourDaddy's posts

    Re: Stimulus... where forth art thou?

    Federal government jobs that is. According to the president’s new budget, federal civilian employment in the executive branch will be 15% higher in 2011 than it was in 2007:


    *I subtracted out the Department of Commerce because its temporary hiring of workers for the 2010 Census skews the chart.
    Private sector unemployment remains high despite the the administration’s claim that massive deficit spending was necessary to return the economy to health. Instead of fostering private sector growth, the administration is fostering government growth at the expense of the private sector.



    Things are rosey over there
     
  3. You have chosen to ignore posts from 1984-Redux. Show 1984-Redux's posts

    Re: Stimulus... where forth art thou?

    No good turn goes unpunished.

    Truly sad.

     
  4. You have chosen to ignore posts from kelldog1. Show kelldog1's posts

    Re: Stimulus... where forth art thou?




                Bottom line the stimulus is working. Is it perfect no.Is there pork yes.Was it necessary you bet. During the great depression unemployment was at roughly 25% ... 1 out of 4 Americans were out of work and because of Governments missteps ie trying to balance the budget it lingered right up to WWII. Only the massive war effort brought us out.......which essentially was government spending on a huge scale.

    Fast forward to today we have 10% unemployment 1 in 10 Americans are out of work.The GDP is growing at positive rate 5.7% in Q4, net job loss is about breakeven
    all signs point to an economy that is stabilizing.......and slowly recovering. This time of fragile economic recovery is not the time to cut spending. We need to learn from history.

     Once we have full recovery and improved tax revenues then we can tackle the debt
    That said unemployment could languish in the 7% level for decades

    What will never be known is how bad things would have been had we done nothing.
    Obama like him or not is doing all the right things,he inherited this disaster and so far
    has performed admirabley.
     
  5. You have chosen to ignore posts from 1984-Redux. Show 1984-Redux's posts

    Re: Stimulus... where forth art thou?

    Aerosmith.. "Dream On".
     
  6. You have chosen to ignore posts from BobinVa. Show BobinVa's posts

    Re: Stimulus... where forth art thou?

    "What will never be known is how bad things would have been had we done nothing."

    What will never be known is how much better things would be if the government hadn't wasted a trillion dollars of hardworking taxpayer's money to hand out as pure political pork. Obama's stimulus disaster will be the historical textbook on how to destroy a private sector economic recovery. 
     
  7. You have chosen to ignore posts from Bill-806. Show Bill-806's posts

    Re: Stimulus... where forth art thou?

          COMING SOOOON WITH THE "TRANSFORMING" OF AMERICA !!!!   SAY "BIG O", HOWS  IRAN DOING TODAY ??????
     
  8. You have chosen to ignore posts from mynameisAugustWest. Show mynameisAugustWest's posts

    Re: Stimulus... where forth art thou?

    COMING SOOOON WITH THE "TRANSFORMING" OF AMERICA !!!!   SAY "BIG O", HOWS  IRAN DOING TODAY ??????

    Iran? Is that the country next to that other country that didn't actually have weapons of Mass Destruction?  Yeah, Obama was a total d b a g for lying to congress and starting a trillion dollar 7 year war with the wrong country that begins "Ira". 
     
  9. You have chosen to ignore posts from Bill-806. Show Bill-806's posts

    Re: Stimulus... where forth art thou?

          IT WAS JUMPING OUT OF THAT BIRTHDAY CAKE YESTERDAY ON THE GLENN BECK SHOW !!!!!
     

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