Keynesian Economics fail

[BrianS]

I'm not arguing for the stimulus, but it did work.

If it worked why don't we do it again?

[Belmont31R]

The Stimulus was Obama and the democrats way of padding their buddies wallets. There is video out there where Harry Reid thanked the Apollo Alliance for helping write the bill. This was the far left getting a massive spending bill through Congress that directly benefited them and their causes.


The Apollo Alliance is a coalition of far left groups like SEIU, other unions, green groups, ect. http://apolloalliance.org/about/board/


Then its no wonder Obama constantly harps about green energy jobs. He is beholden to these types of people, and his ideology comes from them.


Looks at the endorsers: http://apolloalliance.org/about/endorsers/


All people Obama has connections to.

The Apollo Alliance is a project of the Tides Center, a 501(c)(3) nonprofit organization.
Tax identification Number: 94-3213100.

http://www.tides.org/


Here is Harry Reid at an Apollo Alliance meeting in 2006...3 years before the Stimulus was passed. He is in bed with them just like Obama, and Reid praised them for writing the bill that became the stimulus.


http://www.youtube.com/watch?v=cOmFCXvBuIo

[500grains]

I'm not arguing for the stimulus, but it did work.

Ummm... No. The unemployment rate was supposed to stay under 8 percent with the stimulus, but it went up 2 points above that and we are still not recovering jobs at a rate equal to our population growth.

The stock market is up, despite absolutely no reason for it to be.

Gold, stocks, oil, food are all up because the Obummer administration has been printing money. There are now more dollar bills in the world than there are blades of grass on my lawn.

All the talk of creating jobs was just a smoke screen. In reality it was about keeping Wall St. and the bankers fat and happy.

One of the counts of impeachment against that evil man Richard Nixon was "lying to the American people."

[rickrock305]

Ummm... No. The unemployment rate was supposed to stay under 8 percent with the stimulus, but it went up 2 points above that and we are still not recovering jobs at a rate equal to our population growth.

You have to read my entire post and address it in context.

I pointed out that the stimulus, TARP, QE2, none of it was ever about creating jobs. It was both Bush and Obama's giveaways to bankers and Wall St.

Gold, stocks, oil, food are all up because the Obummer administration has been printing money. There are now more dollar bills in the world than there are blades of grass on my lawn.

Yes, that is all up. And yet overall the DJIA is up as well. The S&P, the NASDAQ, all up. Despite horrible economic performance, record unemployment, a housing and mortgage market in the toilet, consumer confidence is just now coming back. This does not equal market performance in a sensible world.

[rickrock305]

The Stimulus was Obama and the democrats way of padding their buddies wallets. There is video out there where Harry Reid thanked the Apollo Alliance for helping write the bill. This was the far left getting a massive spending bill through Congress that directly benefited them and their causes.

Its not strictly an Obama/Dem problem. Remember TARP? Socializing the losses, privatizing the profits.