More of the same old failure economics. When will they get it that their plans simply fail? I guess they won't, so we need to regain control of Congress for the Republicans and let the adults take over. How many more half a billion dollar failures like Solyandra do we need?
It's a win either way. It's either something that's actually good for the economy (to be determined, must read and hear further debate), or it will be fail policy that isn't what he claims it to be... in which case his numbers will continue to drop.
You know what the definition of insanity is, don't you? It's....doing the same thing over and over again and expecting different results. That's Obama. He's not a fast learner.
I tend to agree. Of course now House Republicans are set to be blamed as obstructionists, no matter how outlandish the bill is.
If it turns out to be crap, it's not going to fly, but will only further diminish his chance in 2012.
You are very correct, JP5. Here is a list of his past accomplishments. And the loopy liberals continue to insist this man is a "genius"!
I just want to know one thing: how is the $447,000,000,000 going to be paid for? I honestly haven't been able to determine that from anything that anyone has said....
Even USA Today is panning it calling it deja vu. http://www.usatoday.com/news/opinio...-09-08/Editorial-Jobs-plan-deja-vu/50329944/1
All day long his advisers were telling the press that this was different it will be paid for, no adding to the deficit. How, he will demand the gang of 12 find a way, that's how. That is Obamaworld, if you tell someone else to find a way to do something then you found a way to do something.
The election is still a year away... ... so figure on it taking that long to come to one of their famous 'down to the deadline' deals... ... then figure on another year to implement it... ... then figure on another year for it to start showing some effect on the economy, with another year for it to have some appreciable effect on the economy... ... and that's only if everything goes smoothly (which it probably won't)... ... and there are no new crises (which there probably will).
He demands that it gets passed immediately... Of course AGAIN... We aren't given the time to read it again. And so, if there is that much of a dire need, why the F did we have to wait so long when he announced it weeks ago?? And his threat - if you dont pass it we will be going around the country exposing your failure to America... How you be liking that bipartisan change, working together???
...and of course republicans will stnd up and protect hedge fund mgrs and Paris Hilton at the expense of teachers, firefighters, veterans, small businesses, and our nations infrastructure
..... 1) Yeah, cleaning up after a republican president can be a b**ch... 2) President Obama saved us from a severe depression after GW Bush's greedy spending, 2 Bush Wars, fraud, graft, rifling the Social Secueity coffers that citizens paid into for years, and bringing the country into bankruptcy after bailing out Wall Street. 3) What adults are you talking about? Surely not the Congress, who have been running around posturing, holding the country, the unemployed, the debt raise, the soldiers, hostage while they tried to get their stinking agenda thru the Senate. They acted like a bunch of mewling children walking out on meetings, unwilling to negotiate, until the 11th hour before they caved in to the nation's demands to get it done. ...so who are the adults? I would love to see who you count as an adult when Boehner breaks into tears regularly, and the others fight and bicker between themselves. Just askin....
..... Of course President Obama graduated from Harvard magna cun laude and was head of the prestigious Harvard Law Review. He is an exceptionally brilliant man and was being groomed for years to become president. Did you go to Harvard or an institution of learning that is equivalent so that we may be sure that you know what YOU are talking about?
This is a big failure. Big dissapointment, I was expecting change, but all we're getting is the same old BS that will focus on making banks money, again. Banks benifited the first time and they will benifit again. You know the USA has lost all growth and innovation when the banks and industries can only capitalize on the taxpayer, and not the rest of the world. There are only a few industries that will profit, and after 2-3 years the economy will still be the same. These massive debt causing bandaid fixes will never work. Here's why; 1) The only ones who will benifit are less than 1 million Americans who work in road construction and gravel mining. Also, the money on education will go to hire MORE public education staff, that will shift the debt burden to the States after 14 months. Hence, the banks will loan out to the States. 2) All of the $450billion is going to be a debt because this tax money spent does not bring in revenue for State of Federal Governments, it is all 100% cost/expense with zero return. Because the money is going to government consumption that brings in ZERO revenue to the government. Hence more debt and need for more tax money. Hence the banks will loan the States more money and the taxpayers will pay the interest. 3) The jobs created with this meger $450billion will not be enough money for any industry in the USA to see growth, other than the growth of public school employees and their larges government employee unions. Hence, larger debt for States, and they will borrow from the banks. 4) In 14 months, when all this money runs out, the USA transportaion infrastructure will need billions more to maintain what they have built. And, larger unfinished projects will need more State taxpayer $$ to pay big into completing the project. In addition, the money that has hired more school staffing will drive each of the US States to have a larger School budget than today. And it will drive the individual States to borrow more money to pay for the larger public school system that currently cost more than 65% of your State taxes. Banks win again. When all this ends in 14 months the USA will be worst off than it is today because of the larger debt, higher cost to maintain road and schools. Lets not forget that currently all States are in debt and more than 2/3rds of their budgets are going to education. They can raise the cost of fuel tax, vehicle tax and registration, and licensing fees to maintain the roads and highways in the future, but they will never be able to afford paying for the super huge cost of public schools. They could have a education cookie drive every week to raise money. But no, they will continue to increase the debt of the State and schools by borrowing more money from investment banks and investment corporations, and pay big interest doing it. Banks win again. Fact is when this money is gone, the investment banks and investment corporations that loan money to each States Municiple debt and education debt will be making over $450Billion, because the States will be in debt further, and the investors will walk away with taxpayer money. I am truly disappointed with the Congress and the stimilus plan. They failed to see that the USA needs to compete with the rest of the world in trade and marketing. The thought of pursuing more access to Mexico and South America has blown over thier heads while the rest of the world is all ready ploting a takeover of the buisness and consumer markets of Mexico and South America. What do politicians think will happen in 4-6 years when China, India, S Korea, Russia, and some of the middle east has a grip on consumer and capital markets in South America and Mexico? Any fool can see that America USA will be left out, sill looking for work in a over saturated US Job market, and no growth for the past 10 years, and no opprotunity for capitalizaion in the USA. Other world movers allready see this and they are making a move for the south of the USA. USA wake the turd up, you are a sleeping turd that's like a deer in the headlights when it comes to world trade and expansion. Big dissapointment. Obama must not have any clue to what is going on in the world, and he must have some stupid advisors who are stabbing him in the back. You all know what will happen in congress, the same old crap. the conservatives will do everything in their power to stop any legislations and oppose any laws or bills to improve the market of the USA around the world. Why? because they hate the one half of Obama that they don't like. And they will only do what the banks and financial investors tell them to do so they can get re-elected. Time for a new government. Keep the government but vote out all of them. Continue to do this untill they get it right.
Too bad it didn't work on any level. Unemployment hasn't been under 9% but for 2 months during the entire Obama Presidency. Where did the money go? To Solyandra and Obama's big bundler Kaiser? The Democrats had since Jan 2007 to fix the economy, is it fixed yet? Economic moron's like Pelosi? Who said the health care bill would create 4 million jobs right away?
You mean withthe proposed tax cuts? That wich makes up half of the obama plan? Even if obama would copy the republican plan you would still say its a bad idea (and be right republicans dont have any clue what to do at the moment)
More and more, Obama is like a reincarnation of Frankie Roosevelt. All this Keynesian economic theory that has resulted in failure, the enrichment and expansion of the Welfare State -- and now, just like FDR, a big "jobs program", except that this one is going to cost $447 billion dollars. When you mash all the BS out of this thing it's just a big make-work project, coupled with yet ANOTHER unwarranted extenson of unemployment payouts. It's "Shovel Ready Part II", with an extra measure of bread-and-circuses for the new permanent welfare class (who will vote for Democrat Socialism forever)....
I think the fact this started as 300Billion, and within days has already grown to 445 Billion should give anyone pause. Depending on your Outlook on the current Administration this could be seen a couple ways. 1- That once again, mistakes are being made. If mistakes like the cost are being made before we even do it? Time to halt, figure out where you are (*)(*)(*)(*)ing up, and get a solid, dependable figure that you can count on. If you cannot do this, then you shouldn't spend a dime. Or 2- That we are being lied to about the cost, and over time the real figure will reveal itself as it already has started to do. Either way, the choices of incompetance or dishonesty are not compelling enough to do this a second time.