Obama spanks Wall Street.

Originally Posted by TheMercenary

I would disagree. This is a social programs bill cloaked in a simulus package. You are only talking about smalll portions of the bill. Many jobs are not expected to be created for over 4 years from now. How the hell does that help the millions of poor sods out of work NOW? The failure of the Demoncratically controlled Congress for the last two years, you know, that body of government that controls the purse string of our economy, has screwed this up royally. Erase the BS pork and I will support the bill completely. Currently a group of Congressmen from both parties have finally called a truce are are trying to do the right thing, those people are the real workers for the people. Good on them.

You are ignoring the CBO report and the facts on the job creation impact of the current draft of bill that is based more on spending (about 60%) than tax cuts (about 40%).

In fact, more jobs could probably be created in the short term if there was more spending (on infrastructure projects, etc) and less tax cuts, but the Democrats compromised by accepting tax cuts to make it more bi-partisan. Tax cuts have never produced jobs in the short term., unless you have data that would suggest otherwise...cite please.

I would urge you to take the time to look at the CBO analysis of the bill in its present form ...nearly 2/3 of the funds will be expended in 18 months and potentially creating more than 3 million jobs..there are no guarantees, economics is not an exact science. Much of the rest is to ensure longer term job stability.

Perhaps you have other objective data....cite please!