http://newstalk870.am/obama-economists-s...k-per-job/

When a significant report is released or other information going into a long holiday weekend, those releasing it are obviously hoping attention will be minimal. Such was the case of the “Seventh Quarterly Report” from the Obama Administration.

Members of Obama’s own economic team admit in the report that the stimulus did very little to stimulate the economy, but did significantly add to the debt. The three hand picked economists who prepared the report found that the stimulus, which has cost 666 billion dollars to date, created or “saved” 2.4 million jobs. According to the figures in the report, the Feds would have been better off cutting a 100k check to each of these affected individuals, and it actually would have saved 427 billion dollars! Also curious to note, two quarters ago, the Quarterly Report indicated the stimulus had created or saved 2.7 million jobs. With the current report showing 2.4, that indicates nearly 300k jobs have been lost during the working of the program. According to the Bureau of Labor and Statistics, the nation’s unemployment rate was about 7.3 percent when the stimulus plan was being debated in Congress; the rate now currently sits at 9.3 percent.

Obama is starting to make Herbert Hoover look good.

The money had to go somewhere. Somebody made out well. Who?

(07-09-2011 06:07 PM)smn1256 Wrote:  The money had to go somewhere. Somebody made out well. Who?

THe people of Texas.

(07-09-2011 06:14 PM)RobertN Wrote:  

(07-09-2011 06:07 PM)smn1256 Wrote:  The money had to go somewhere. Somebody made out well. Who?

THe people of Texas.

Obabba loves Tx so much.

(07-10-2011 06:54 PM)SumOfAllFears Wrote:  

(07-09-2011 06:14 PM)RobertN Wrote:  

(07-09-2011 06:07 PM)smn1256 Wrote:  The money had to go somewhere. Somebody made out well. Who?

THe people of Texas.

Obabba loves Tx so much.

Well, a considerable amount of stimulus money did go to bailing out the Texas govenment so the people benefited from not having to increase revenue(tax/fee increases) or cut services. This next year, not so much.

(07-10-2011 06:58 PM)RobertN Wrote:  

(07-10-2011 06:54 PM)SumOfAllFears Wrote:  

(07-09-2011 06:14 PM)RobertN Wrote:  

(07-09-2011 06:07 PM)smn1256 Wrote:  The money had to go somewhere. Somebody made out well. Who?

THe people of Texas.

Obabba loves Tx so much.

Well, a considerable amount of stimulus money did go to bailing out the Texas govenment so the people benefited from not having to increase revenue(tax/fee increases) or cut services. This next year, not so much.

We have been over this before Roberta, your logic fails. It is a completely fallacious statement. I don't know why you keep repeating it.

(07-10-2011 07:10 PM)SumOfAllFears Wrote:  

(07-10-2011 06:58 PM)RobertN Wrote:  

(07-10-2011 06:54 PM)SumOfAllFears Wrote:  

(07-09-2011 06:14 PM)RobertN Wrote:  

(07-09-2011 06:07 PM)smn1256 Wrote:  The money had to go somewhere. Somebody made out well. Who?

THe people of Texas.

Obabba loves Tx so much.

Well, a considerable amount of stimulus money did go to bailing out the Texas govenment so the people benefited from not having to increase revenue(tax/fee increases) or cut services. This next year, not so much.

We have been over this before Roberta, your logic fails. It is a completely fallacious statement. I don't know why you keep repeating it.

My logic fails? A fallacious statement? Please explain. He didn't use stimulus money to keep from having to be in debt and dip into their reserves?

(07-10-2011 07:19 PM)RobertN Wrote:  

(07-10-2011 07:10 PM)SumOfAllFears Wrote:  

(07-10-2011 06:58 PM)RobertN Wrote:  

(07-10-2011 06:54 PM)SumOfAllFears Wrote:  

(07-09-2011 06:14 PM)RobertN Wrote:  THe people of Texas.

Obabba loves Tx so much.

Well, a considerable amount of stimulus money did go to bailing out the Texas govenment so the people benefited from not having to increase revenue(tax/fee increases) or cut services. This next year, not so much.

We have been over this before Roberta, your logic fails. It is a completely fallacious statement. I don't know why you keep repeating it.

My logic fails? A fallacious statement? Please explain. He didn't use stimulus money to keep from having to be in debt and dip into their reserves?

OK Rob, the Lone Star State thanks you for your tax money to help people you will never know, who will ride on roads you will never travel on, and that you'll be paying for for the rest of you life, your kid's life, your grandkid's life and on and on.

(07-10-2011 08:30 PM)smn1256 Wrote:  

(07-10-2011 07:19 PM)RobertN Wrote:  

(07-10-2011 07:10 PM)SumOfAllFears Wrote:  

(07-10-2011 06:58 PM)RobertN Wrote:  

(07-10-2011 06:54 PM)SumOfAllFears Wrote:  Obabba loves Tx so much.

Well, a considerable amount of stimulus money did go to bailing out the Texas govenment so the people benefited from not having to increase revenue(tax/fee increases) or cut services. This next year, not so much.

We have been over this before Roberta, your logic fails. It is a completely fallacious statement. I don't know why you keep repeating it.

My logic fails? A fallacious statement? Please explain. He didn't use stimulus money to keep from having to be in debt and dip into their reserves?

OK Rob, the Lone Star State thanks you for your tax money to help people you will never know, who will ride on roads you will never travel on, and that you'll be paying for for the rest of you life, your kid's life, your grandkid's life and on and on.

Now that wasn't so hard, was it?

(07-10-2011 07:19 PM)RobertN Wrote:  

(07-10-2011 07:10 PM)SumOfAllFears Wrote:  

(07-10-2011 06:58 PM)RobertN Wrote:  

(07-10-2011 06:54 PM)SumOfAllFears Wrote:  

(07-09-2011 06:14 PM)RobertN Wrote:  THe people of Texas.

Obabba loves Tx so much.

Well, a considerable amount of stimulus money did go to bailing out the Texas govenment so the people benefited from not having to increase revenue(tax/fee increases) or cut services. This next year, not so much.

We have been over this before Roberta, your logic fails. It is a completely fallacious statement. I don't know why you keep repeating it.

My logic fails? A fallacious statement? Please explain. He didn't use stimulus money to keep from having to be in debt and dip into their reserves?

Let's review

(07-10-2011 10:11 PM)SumOfAllFears Wrote:  

(07-10-2011 07:19 PM)RobertN Wrote:  

(07-10-2011 07:10 PM)SumOfAllFears Wrote:  

(07-10-2011 06:58 PM)RobertN Wrote:  

(07-10-2011 06:54 PM)SumOfAllFears Wrote:  Obabba loves Tx so much.

Well, a considerable amount of stimulus money did go to bailing out the Texas govenment so the people benefited from not having to increase revenue(tax/fee increases) or cut services. This next year, not so much.

We have been over this before Roberta, your logic fails. It is a completely fallacious statement. I don't know why you keep repeating it.

My logic fails? A fallacious statement? Please explain. He didn't use stimulus money to keep from having to be in debt and dip into their reserves?

Let's review

Can you help me out a little more here? I didn't read this thread the first time and I believe it is pretty long and don't feel like reading the whole thing. Does it somewhere in there give evidence that Texas did NOT use stimulus money to keep from being in debt and have to dip into their rainy day fund?