Suddenly Concerned
President Obama is a little late to the game. Suddenly, debt is bad. He recently said, “”It is important though to recognize if we keep on adding to the debt, even in the midst of this recovery, that at some point, people could lose confidence in the U.S. economy in a way that could actually lead to a double-dip recession.” The article says:
With the U.S. unemployment rate at 10.2 percent, Obama told Fox News his administration faces a delicate balance of trying to boost the economy and spur job creation while putting the economy on a path toward long-term deficit reduction.
I’m sorry but after spending almost 1 trillion dollars on the failed stimulus package, you can’t complain about debt. We’re not that stupid Mr. President. We knew your stimulus wouldn’t work and we know that you will not be able to reduce our debt. Are you intentionally trying to destroy our country? I think you are and that’s why I hope you fail.
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Where is the data that the Stimulus has failed? Where is the data that says unemployment would be lower and the GDP and stock market would be higher without the stimulus?
Well, let me be clear, I never said I had any clue what would or would not have happened if there were no stimulus. I’m just going by the projections from the report written by Obama’s economic advisors which said that the stimulus would keep unemployment under 8%. But in the words of Joe Biden, they must have “Guessed Wrong”
VB, WaN
Or to quote those crazy right-wing nuts over at TIME, “Obama’s Stimulus Plan: Failing by Its Own Measure”
Oh, get this. So Christina Romer, the same lady who wrote the report that said the stimulus would keep unemployment under 8%, said last month that sometime mid-2010 unemployment might go over 10%. Seems like she was off a little in her prediction AGAIN. According to CNN we’re already at 10.2%! Why does this lady still have a job?
And just for fun, because I’m in such a generous mood today, I’ll share this:
Of course this one is from the GOP, so it can’t be trusted, but it’s still fun.
And since I just want the fun to continue on and on, I’ll share another fun video that is completely unrelated, just because I can.
Funny video. I’m not sure it quite captures the complexities and nuances of job loss, recovery and growth however.
I just came across this link. It’s not too terribly in depth, but I think it provides a couple good thinking points on the stimulus package.
http://freakonomics.blogs.nytimes.com/2009/11/17/shovel-ready/
Well see, my point was this, these people threw a trillion bucks at our tanking economy and now they’re whining that our debt is going to destroy us if we don’t get it under control. Suddenly we can’t just spend our way out of debt as good ol’ Joe said we could.