Obama Announces Re-election Bid

[Fair&Balanced]

Originally Posted by TheMercenary

I can't agree. Look what we got for our money. How many jobs were created? At what cost? Many went to pet projects for the Dem majority. Look at the millions spent and the product we got from them.

Over 1 million private sector jobs created last year; an additonal 250,000+ in each of the first three months of this year (BLS stats). Many resutling directly and indirectly from stimulus projects.

After seven straight quarters of GDP decline in 07-08, seven straight quarters of GDP growth starting when the stimulus program kicked in.

[TheMercenary]

Originally Posted by Fair&Balanced

Over 1 million private sector jobs created last year; an additonal 250,000+ in each of the first three months of this year. (BLS stats)

After seven straigth quarters of GDP decline in 078-08, seven straight quarters of GDP growth starting when the stimulus program began:

At what cost? It was a fucking boondoggle. Not a complete waste, but waste never the less.

[Fair&Balanced]

Originally Posted by TheMercenary

At what cost? It was a fucking boondoggle. Not a complete waste, but waste never the less.

At the cost of avoiding an economy in free fall and a depression that would have been much deeper and lasted much longer.

Also, dont forget that 2/3 of the stimulus funding was for tax cuts and tax relief, mostly for small businesses and middle class, along with increased benefit for large number of unemployed in the preceeding 2-3 years ....the kind of tax cuts that Republicans generally like (maybe not the increased benefits part) but refused to support in the stimulus bill for political reasons.

[TheMercenary]

Originally Posted by Fair&Balanced

At the cost of avoiding an economy in free fall and a depression that would have been much deeper and lasted much longer.

What was the probability that would have actually happened? Not every thing that was bailed out needed to be bailed out.

Also, dont forget that 2/3 of the stimulus funding was for tax cuts and tax relief, mostly for small businesses and middle class, along with increased benefit for large number of unemployed in the preceeding 2-3 years ....the kind of tax cuts that Republicans generally like (maybe not the increased benefits part) but refused to support in the stimulus bill for political reasons.

Under TARP or the Stimulus #1 and #2?

[TheMercenary]

Originally Posted by Fair&Balanced

Over 1 million private sector jobs created last year; an additonal 250,000+ in each of the first three months of this year (BLS stats). Many resutling directly and indirectly from stimulus projects.

After seven straight quarters of GDP decline in 07-08, seven straight quarters of GDP growth starting when the stimulus program kicked in.

Todays news.

http://finance.yahoo.com/news/More-p....html?x=0&.v=2