Yes, but it makes great Socialist “Get the masses mobilized” rhetoric!
Look at inflation relative to interest rates. This is getting serious folks!
http://confoundedinterest.wordpress.com
Dems keep trying the same thing over and over - expecting different results. They’re nuts.
Well ... it's not supposed to.
It's supposed to increase our economic decline. And I consider it to be a well-crafted plan.
surprise.
/s
That depends on what you consider to be huge. Is an upward dent of increasing unemployment another 2% a huge dent? His original jobs plan for $1T, supposedly to keep it under 8%, had an upward dent of over 1%. He's getting good at this!
The only permanent private sector jobs this administration has been able to create in the last 2 1/2 years is bankruptcy paralegals. And we did not need 787 billion in wasted stimulus spending to do that.
I don't see it happening. America will be a very different place in ten years.
Of course not. All it has to do is cause a jump in the employment numbers long enough to get Obama reelected.
That it will result in more deficit spending that will only kick the can down the road a little further and won't solve any of our problems is beside the point, or so it would seem with this administration.
Obama’s so-called “jobs bill” is not a bill, let alone a jobs bill. It is just another crime upon the American public to be committed by stealing MORE of our money that nobody knows the real whereabouts. Where is the unspent money? Where is what the banks paid back?
Ready to be used to buy Obama election costs. Maybe sitting in some foreign bank account, already laundered, to pay to hide Obama after he is thrown out of the White House?
How many more lies are the STUPID portion of the electorate going to swallow?
So MANY Racists in this country...now it has even spread to the “Economists”??!!
/sarcasm
ZandiIdiot...enough said. =.=
The economists are once again "unexpectedly" wrong. This plan should be as successful as the last - both boosting the unemployment rate and extending the period of unemployment.
It isn't supposed to. It is govt spending designed to keep the GDP numbers above 0 percent. Any spending that keeps "growth" and GDP above 0% FedGov can say that we are not in recession. It is all perception. You see the game is you have to have 2 consecutive quarters of negative GDP to be in an official recession. The Fed will not let that happen to "the one", even if it means the Govt printers union works overtime.
Paging John M. Keynes.....
Nothing Obama does is for the good of "the people," only for the good of himself, his cronies, and his owners. Look at his close associations in Chicago with Tony Rezco and all the "public housing" scams. Nothing's changed, except for expanding his circle of corruption to a national (and possibly international) scale.
Mark
IIRC, I seem to rmember that 225K-250K of jobs per month is needed to keep unemployment at the same rate as the previous month. This, cuz that is the number of new workers entering the workforce each month ...
AND, the only reason unemployment doesn't rise each month is from the offset created by workers maxing out their unemployment and dropping off the rolls. They ain't counted in the new figures ...
So, a figure below 225K-250K is not going to help out ...