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Economists: The stimulus didn't help
CNNMoney.com ^ | April 26, 2010: 3:56 AM ET | Hibah Yousuf

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 ...


TOPICS: Breaking News; Business/Economy; Crime/Corruption; News/Current Events
KEYWORDS: business; captainobvious; economy; obama; obamanomics; porculus; porkulus; socialism
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Where do i go to get my money back?
1 posted on 04/26/2010 12:15:57 PM PDT by Tulsa Ramjet
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To: Tulsa Ramjet

Either SEIU or China.


2 posted on 04/26/2010 12:19:27 PM PDT by theDentist (fybo; qwerty ergo typo : i type, therefore i misspelll)
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To: Tulsa Ramjet

Well there is a shocker....

do I need a sarc tag?


3 posted on 04/26/2010 12:19:43 PM PDT by Kimmers (Be the kind of person when your feet hit the floor each morning the devil says, Oh crap, she's awake)
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To: Tulsa Ramjet

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.


4 posted on 04/26/2010 12:20:16 PM PDT by ClearCase_guy
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To: Tulsa Ramjet
...but a majority of respondents felt the fiscal stimulus had no impact...

No impact?
Just wait until those economy-stimulatin' tax increases kick in.
5 posted on 04/26/2010 12:20:22 PM PDT by ComputerGuy
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To: Kimmers
do I need a sarc tag?

You can borrow mine.


6 posted on 04/26/2010 12:21:57 PM PDT by Dahoser (Separation of church and state? No, we need separation of media and state.)
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To: Tulsa Ramjet

So tell us something we don’t know.


7 posted on 04/26/2010 12:22:12 PM PDT by Chi-townChief
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To: Tulsa Ramjet
Way too much money spent on services.
Way too little invested in infrastructure.
8 posted on 04/26/2010 12:22:24 PM PDT by Willie Green (Go Pat Go!!!!)
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To: Tulsa Ramjet

Check with ACORN...they got about 8 billion of it.


9 posted on 04/26/2010 12:23:19 PM PDT by bamahead (Few men desire liberty; most men wish only for a just master. -- Sallust)
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To: Tulsa Ramjet

As Obama and Biden continue to say, the stimulus worked exactly the way it was designed to work.


10 posted on 04/26/2010 12:24:13 PM PDT by NotSoModerate
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To: NotSoModerate
''Yes, save the boat by poking holes in the bottom to let the water out.''
11 posted on 04/26/2010 12:26:06 PM PDT by norraad ("What light!">Blues Brothers)
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To: Tulsa Ramjet
Economists: The stimulus didn't help

Yeah, but, the "wealth" was re-distributed.

Which of course, yet again, illustrates the fact that wealth redistribution does not stimulate or grow an economy.
12 posted on 04/26/2010 12:26:31 PM PDT by adorno
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To: Tulsa Ramjet
Hayek was right! Suppressed, but right!
13 posted on 04/26/2010 12:31:31 PM PDT by April Lexington (Study the constitution so you know what they are taking away!)
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To: Tulsa Ramjet

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.


14 posted on 04/26/2010 12:32:00 PM PDT by Favor Center (Targets Up! Hold hard and favor center!)
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To: Tulsa Ramjet

Economists are like those Indian weather rocks that tell you it’s raining because the rock is wet.


15 posted on 04/26/2010 12:35:49 PM PDT by MNDude (The Republican Congress Economy--1995-2007)
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To: Tulsa Ramjet

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.


16 posted on 04/26/2010 12:37:16 PM PDT by ryan71 (Let's Roll!)
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To: Tulsa Ramjet

....waiting for the Captain Obvious cartoon...

I love those!!!


17 posted on 04/26/2010 12:37:19 PM PDT by Le Chien Rouge
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To: Tulsa Ramjet
Economists: The stimulus didn't help
Americans with half a brain: It was never meant to (read: Obamanazi's excuse for socialist-style tax hikes later).
18 posted on 04/26/2010 12:38:37 PM PDT by Jim 0216
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To: Le Chien Rouge
....waiting for the Captain Obvious cartoon...

Here ya go!


19 posted on 04/26/2010 12:43:10 PM PDT by COBOL2Java (Big government more or less guarantees rule by creeps and misfits.)
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To: NotSoModerate

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.


20 posted on 04/26/2010 12:45:38 PM PDT by woodbutcher1963
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To: COBOL2Java
LoL....

Image and video hosting by TinyPic

21 posted on 04/26/2010 12:46:23 PM PDT by b4its2late (Bawney Fwank's mother should have thrown him away and kept the stork.)
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To: woodbutcher1963
Let me preface my comments.I do not like Obama or his marxist policies. However, some parts did work.

Yes, in the same way that cutting off your legs "works" for weight loss.

22 posted on 04/26/2010 12:47:12 PM PDT by TChris ("Hello", the politician lied.)
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To: Tulsa Ramjet

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.


23 posted on 04/26/2010 12:51:31 PM PDT by FormerACLUmember ("Subtlety is not going to win this fight": NJ Governor Chris Christie)
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To: Tulsa Ramjet
So here is my question: Did any of the people who made this chart: (not the real data, just the predictions, including that ridiculous green prediction)

get fired? Resign? What has been done to the economics profession? Have they been defunded at universities? Have their majors had their accreditation removed?

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?

24 posted on 04/26/2010 12:55:14 PM PDT by AmishDude
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To: woodbutcher1963
However, if you throw out enough cash something had to work.

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.

25 posted on 04/26/2010 12:56:03 PM PDT by wbill
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To: Tulsa Ramjet

File under, “Duh”.


26 posted on 04/26/2010 12:57:24 PM PDT by dfwgator
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To: Tulsa Ramjet
Economists: The stimulus didn't help

That's RACIST!

27 posted on 04/26/2010 1:04:39 PM PDT by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: Tulsa Ramjet

Noshitcaptainsobvious?


28 posted on 04/26/2010 1:05:11 PM PDT by cake_crumb (President Reagan on ObieCare: http://www.youtube.com/watch?v=fRdLpem-AAs&feature=player_embedded#)
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To: NotSoModerate
"As Obama and Biden continue to say, the stimulus worked exactly the way it was designed to work."

Yep: everyone knows it's a democrat campaign slush fund.

29 posted on 04/26/2010 1:10:09 PM PDT by cake_crumb (President Reagan on ObieCare: http://www.youtube.com/watch?v=fRdLpem-AAs&feature=player_embedded#)
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To: Tulsa Ramjet

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.


30 posted on 04/26/2010 1:11:05 PM PDT by Dubya-M-DeesWent2SyriaStupid!
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To: knittnmom

Called it!

Why do the ones who make the inaccurate predictions get paid, when my accurate predictions earn me nothing?
(That was rhetorical)


31 posted on 04/26/2010 1:11:53 PM PDT by Ellendra (Can't starve us out, and you can't make us run. . . -Hank Jr.)
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To: woodbutcher1963
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.

32 posted on 04/26/2010 1:15:48 PM PDT by 5thGenTexan
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To: woodbutcher1963

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.


33 posted on 04/26/2010 1:16:19 PM PDT by TigersEye (0basma's father was a British subject. He can't be a "natural-born" citizen.)
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To: Tulsa Ramjet

It helped a few and shafted the rest of us.


34 posted on 04/26/2010 1:20:34 PM PDT by mulligan
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To: Tulsa Ramjet

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.
nice.


35 posted on 04/26/2010 1:22:31 PM PDT by mowowie
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To: Tulsa Ramjet

What do you mean? It kept state governments from having to lay off people that they didn’t need!


36 posted on 04/26/2010 1:25:44 PM PDT by Blood of Tyrants (The US will not die with a whimper. It will die with thundering applause from the left.)
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To: Tulsa Ramjet; Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; ...

The list, ping


37 posted on 04/26/2010 1:27:34 PM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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To: Favor Center
Remember when if we don't pass it yesterday the world will be DOOOOOMED!

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.

38 posted on 04/26/2010 1:29:29 PM PDT by mowowie
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To: 5thGenTexan
Looks like the results for the house credit may be showing up:

http://www.freerepublic.com/focus/f-news/2500898/posts

39 posted on 04/26/2010 1:36:03 PM PDT by 5thGenTexan
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To: mowowie

“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.


40 posted on 04/26/2010 1:36:13 PM PDT by Favor Center (Targets Up! Hold hard and favor center!)
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To: Tulsa Ramjet
the fiscal stimulus had no impact.

ya think
41 posted on 04/26/2010 1:38:59 PM PDT by mstar
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To: AmishDude
Why does this profession [economists] still exist?

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.

HF

42 posted on 04/26/2010 2:10:05 PM PDT by holden
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To: Tulsa Ramjet

http://www.youtube.com/watch?v=1ytCEuuW2_A


43 posted on 04/26/2010 2:13:51 PM PDT by CommieCutter (..If you think about it they are all sucker rallies...the pros know when to get out...-- Hojczyk)
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To: Tulsa Ramjet

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.


44 posted on 04/26/2010 2:14:49 PM PDT by Domandred (Fdisk, format, and reinstall the entire .gov system.)
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To: woodbutcher1963

Some parts are edible.


45 posted on 04/26/2010 2:24:22 PM PDT by Jim Robinson (JUST VOTE THEM OUT! teapartyexpress.org)
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To: woodbutcher1963
"Cash for clunkers did sell a lot of cars."

And from what a read, the biggest majority of cars sold under the program were foreign models. Whoo-hooo!!!!!

46 posted on 04/26/2010 2:24:32 PM PDT by Proud_USA_Republican ("The problem with socialism is that you eventually run out of other people's money.")
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To: 5thGenTexan
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.

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.

47 posted on 04/26/2010 2:27:42 PM PDT by Pollster1 (Natural born citizen of the USA, with the birth certificate to prove it)
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To: Tulsa Ramjet

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).


48 posted on 04/26/2010 2:31:14 PM PDT by Need4Truth (the just shall live by faith.)
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To: Tulsa Ramjet

Wow - we needed experts to tell us this?


49 posted on 04/26/2010 2:39:53 PM PDT by Tzimisce (No thanks. We have enough government already. - The Tick)
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To: Tulsa Ramjet

No $hit frick’in geniuses.


50 posted on 04/26/2010 2:40:33 PM PDT by mad_as_he$$
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