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The Dem stimulus package the view from over the Pond

Discussion in 'Political Discussion' started by patsfan13, Jan 29, 2009.

  1. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    A Brit reporter on the dem stimulus pkg.

    Whoops! Browser Settings Incompatible


    Glad to see the house pubbies show some spine and vote against this monstrosity. I would note the opposition was bi partisan all the pubs and 11 dems voted against BO, pelosi & reid...

    BO owns this mess.
  2. sdaniels7114

    sdaniels7114 Rookie

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    What bilge, I'd bet that the real view over there will end up being 'why was it so small?' This emergency stimulus only begins to approach European average spending levels.

    The Republicans are banking on things getting worse before they get better and the populace seeing that as a failure on the Democrats' part. That's the only reason nobody broke ranks. Their plan won't work. People know things are so badly Bushed right now that its going to take time to right the ship.
  3. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    Which is why their unemployment #'s are usually in double digits...
  4. shmessy

    shmessy Maude Staff Member PatsFans.com Supporter

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    #75 Jersey

    Oh, but our Michael tried to put over on us that the Liberals are the ones who move in lockstep.

    From yesterday:
    "Really. I wish someone could show me a single self proclaimed liberal who doesn't agree on every single liberal issue. From voting 100% Democrat to global warming there is never any deviance in the ranks. That's why I call them lock step liberals."

    Kind of funny coming from the "dittoheads" and their "megadittoes".
  5. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    Support for this was wholly from the dems, the opposition to the bill was bi partisan....the dems won this turkey if it were to succeed they get full credit, if it fails they own it.
  6. shmessy

    shmessy Maude Staff Member PatsFans.com Supporter

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    #75 Jersey

    As you folks say "Megadittoes".

    You understand that the Republicans (or the wing of the party that remains in Congress) moved in lockstep while the Democrats are able to freely vote their own consciences and are not forced to be "Dittoheads".
  7. Patters

    Patters Moderator Staff Member PatsFans.com Supporter

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    The Republicans are thoroughly unqualified on the economy. They've basically engaged in massive deficit spending and, even when they had full control of Congress and the White House, failed to implement any measures that would have helped prevent the current crisis.

    The Republicans dig their grave deeper by showing so little bipartisanship, and that's fine with me. A few Dems showed bipartisanship by voting with the Republicans. But, the Republicans are sort of like Communists -- you're either with them or against them, period.

    The fact is, like it or not, deficit spending works. Reagan and Bush both understood that. But, some Republicans are upset because now the deficit will be going to help Americans rather than kill Iraqis. The Republicans are perversely anti-American in this respect. They would rather spend billions to murder (or in their view help) Iraqis, then the same amount to provide housing, education, health care, and jobs to Americans. The Party has become a moral obscenity -- corrupted, I believe, by their racism, homophobia, greed, and violence.
  8. shmessy

    shmessy Maude Staff Member PatsFans.com Supporter

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    #75 Jersey


    Exactly.

    The Right Wing Republicans had full control of economic policy from 2001 until 2007.

    What gives them the right to demand the wheel now?

    It's like Dennis Rodman opening up an etiquette school.
  9. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    And look how thing have gone since from 2007 to the present..... :D


    BTW the stimulus was an unqualified disaster no jobs...
  10. emoney_33

    emoney_33 Rookie

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    Recession = loss of jobs.
    Stimulus = claim to decrease number of lost of jobs.
    Recession + Stimulus = loss of jobs.

    Using that to label the stimulus an "unqualified disaster" is at best failed logic.
  11. patsfan13

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    Actually the administration claimed that by now the stimulus would be adding > 500k jobs/month....fail and that the unemployment rate would be <7.5% again fail, just a trillion more in debt.
  12. emoney_33

    emoney_33 Rookie

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    Their predictions might have been wrong, but that does not prove the stimulus was a failure. Once again, faulty logic.
  13. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    BTW the administration predicted that absent the stimulus package that unemployment would peak at 8.4%, and that with their stimulus package that unemployment would stay below 8%. By their own criteria they failed.

    What does you hero R Paul think of the stimulus and QE1 & 2?
  14. emoney_33

    emoney_33 Rookie

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    ........10
  15. Real World

    Real World Moderator Staff Member

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  16. shmessy

    shmessy Maude Staff Member PatsFans.com Supporter

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    #75 Jersey

    Yeah they "predicted" it would peak at 8.4%, how could that be?

    Obama came in when there was 8.9% unemployment:

    Unemployment - Google public data

    Do you have an actual link for that 8.4% "fact" you are stating? Or are you merely throwing as much stuff up against the wall as possible and hoping something sticks?

    BTW, nice necro-posting of 2.5 year old threads.
    Last edited: May 19, 2011
  17. Real World

    Real World Moderator Staff Member

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    The BLS website says it was 7.6% in January of 2009.


    Increase in unemployment rate in January 2009

    Both the number of unemployed persons (11.6 million) and the unemployment rate (7.6 percent) rose in January. Over the past 12 months, the number of unemployed persons has increased by 4.1 million and the unemployment rate has risen by 2.7 percentage points.



    [​IMG]

    Increase in unemployment rate in January 2009, The Editor's Desk
  18. Real World

    Real World Moderator Staff Member

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    Economic SceneA Forecast With Hope Built In

    Doug Mills/The New York Times

    By DAVID LEONHARDT
    Published: June 30, 2009
    WASHINGTON

    In the weeks just before President Obama took office, his economic advisers made a mistake. They got a little carried away with hope.

    To make the case for a big stimulus package, they released their economic forecast for the next few years. Without the stimulus, they saw the unemployment rate — then 7.2 percent — rising above 8 percent in 2009 and peaking at 9 percent next year. With the stimulus, the advisers said, unemployment would probably peak at 8 percent late this year.


    Economic Scene - Mistake by Obama’s Advisers in Predicting Job Losses - NYTimes.com




    Obama Defends Stimulus Amid Calls For Round Two

    by Mara Liasson

    July 8, 2009

    President Obama is being forced to wade into a domestic economic debate that just won't go away: As the unemployment rate rises, there have been calls for a second round of stimulus spending.

    Obama is in a difficult position. He has to defend his $787 billion economic stimulus package at a time when there are few visible signs that it has had an effect. Unemployment is at 9.5 percent, even though the White House predicted in January that with the stimulus bill, it would rise to only about 8 percent.

    The White House had to justify its response to the recession again this week after Vice President Biden, with his trademark candor, told ABC's George Stephanopoulos: "We and everyone else misread the economy. The figures we worked off of in January were the consensus figures of most of the blue chip indexes out there."

    So while he is overseas at the G-8 summit in Italy, the president engaged in a familiar ritual: walking back the vice president's words.

    "Rather than say 'misread,' " he said on NBC, "we had incomplete information. In some areas, we're seeing the economic engine turn. But what we always knew was that (a) this recession was going to be deep, [and] (b) it was going to last for a while."


    http://www.npr.org/templates/story/story.php?storyId=106397685
    Last edited: May 19, 2011
  19. PatriotsReign

    PatriotsReign Rookie

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    Damn, I HATE when people respond with FACTS!!!:mad:
  20. shmessy

    shmessy Maude Staff Member PatsFans.com Supporter

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    #75 Jersey

    Mea culpa. Thank you to RW for providing links on that.
    Last edited: May 20, 2011

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