Skip to comments.Economists: The stimulus didn't help
Posted on 04/26/2010 12:15:57 PM PDT by Tulsa Ramjet
In latest quarterly survey by the National Association for Business Economics, the index that measures employment showed job growth for the first time in two years -- but a majority of respondents felt the fiscal stimulus had no impact.
(Excerpt) Read more at money.cnn.com ...
Either SEIU or China.
Well there is a shocker....
do I need a sarc tag?
The Fall 2010 elections haven’t been held yet, and the bribes have not yet been fully distributed. In other words: it’s too early to know if the Stimulus has served its purpose yet.
You can borrow mine.
So tell us something we don’t know.
Check with ACORN...they got about 8 billion of it.
As Obama and Biden continue to say, the stimulus worked exactly the way it was designed to work.
Of course it didn’t help. It wasn’t supposed to and there was no way it COULD help what they claimed it was for.
Economists are like those Indian weather rocks that tell you it’s raining because the rock is wet.
Uh, it wasn’t designed to help to economy.
It was and is a slush fund, a war chest. It was crystal clear what it was going to be used for.
Much of it is still waiting to be dished out to his base this November. Or, maybe he’ll just save it for himself in 2012.
....waiting for the Captain Obvious cartoon...
I love those!!!
Here ya go!
Let me preface my comments.I do not like Obama or his marxist policies. However, some parts did work. Cash for clunkers did sell a lot of cars. Maybe not the way they intended but dealers cleaned up lots of inventory.
The new/existing home buyer tax credit sold houses. New home sales were UP 26 % from last year. The tax credit on energy star appliances is selling out in hours. The tax credit on wood & pellet stoves has increased business for those retailers. The nice thing about a tax credit is that you actually have to pay taxes to get the credit.
Most of the stimulus was wasted. However, if you throw out enough cash something had to work.
Yes, in the same way that cutting off your legs "works" for weight loss.
The “Stimulus” bill was meant to destroy the economy, not help it.
Obama is all about crushing the hated middle class, capitalism, and free enterprise.
Because I could have pulled numbers out of my rectal orifice and gotten more accurate predictions than professional, overpaid economists.
Why does this profession still exist?
Yep, anytime an entity spews 787 billion (the equivalent to WalMart's yearly revenues times TWO) all over a country, some money is bound to find its way into the right hands.
Problem is, there's nothing really lasting being done with it.
I was yakking with a guy on FR about this the other day. Comparing BO's stimulus to FDR. While I like neither of them, at least when FDR was finished, there was something to show for it - dams, bridges, the rural electrification project.
In 10 years, the legacy of BO's stimulus will be a bunch of 10 year old cars, and refrigerators that need replacing.
File under, “Duh”.
Yep: everyone knows it's a democrat campaign slush fund.
The stimulus stimulated Obama’s fat cat buddies duh!
I know of someone who works at a mortgage company of 300 people. 100 were laid off because the companies GREEN initiative goals were not met. BS off... this means this company is not in bed with Obama and he will take down all companies but a few LARGE ones.
The job losses will be massive but Obama does not care.
Why do the ones who make the inaccurate predictions get paid, when my accurate predictions earn me nothing?
(That was rhetorical)
Cash for clunkers did sell a lot of cars.
It's not far enough along in the buying cycle to have the true results of the house credit, but cash for clunkers didn't sell any more cars, it sold them sooner.
Eventually every dollar the government spends has to be backed by taking a dollar from someone who earned it through honest productivity. If the government spends $10 to finance $1 dollar’s worth of new productivity it is still a $9 dollar loss from the overall wealth of the nation. The real wealth is productivity not cash.
It helped a few and shafted the rest of us.
Jeez, 800 Billion divided by 250 Million adults in the USA.....
$3,200 per person.
That woulda help pay some of my bills.
Now i got to use it to pay somebody elses bills.
What do you mean? It kept state governments from having to lay off people that they didn’t need!
The list, ping
What a frigging joke these people are.
Well maybe they are not the joke, the joke is the millions of clueless sheep who don't follow and don't care about this destruction, The so-called “enablers” of this national catastrophe.
“Remember when if we don’t pass it yesterday the world will be DOOOOOMED!”
They keep saying that, but most of the population still believes them.
To swell the payrolls of government bureaucrats, who have budgets they'd like to keep whole.
To vet graduates coming through university economics departments, to make sure their parents paid their requisite tribute to such universities, so those universities could keep teaching "economists" gainfully employed.
To keep non-university-trained skulls-full-of-mush from becoming imporant economists.
To "authoritatively" and fashionably ridicule what they learned at the universities about the foibles of capitalism.
No fraking surprise at all. Democrats have no clue how to stimulate an economy. Mostly because their definition of “economy” is how much money the government brings in.
Keep saying Vegas, blackjack table, double down on breaking hands would be a better rate of return.
Some parts are edible.
And from what a read, the biggest majority of cars sold under the program were foreign models. Whoo-hooo!!!!!
That's the correct conclusion. It also sold them with "rich people's" money (actually our children's and grandchildren's money, but that doesn't matter if their hearts are in the right place), and it sold them with lower manufacturer incentives because the government artificially supported the sales prices. In other words, it shifted my money and yours to GM and Chrysler and the UAW, and to a larger extent to Toyota/Honda.
I think the stimulus did have an effect. You’re looking at it. The current feeble hint of a recovery is due to the stimulus and the huge government deficit spending. The problem is, it’s unsustainable. That’s what the government controlled media don’t want you to know (jmo).
Wow - we needed experts to tell us this?
No $hit frick’in geniuses.
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