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  #16 (permalink)  
Old 06-08-2009
daddio's Avatar
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Re: Obama announces the creation of 600,000 jobs with $787B stimulus package

Quote:
Originally Posted by CYDdharta View Post
McCain probably would have tried to pass something similar, and since both parties have been supporting it, probably only the details would have changed. The main difference would have been that McCain would have had to get everything thru a Dem-controlled Congress. There would have been a more public debate and more compromise.

McCain stated what he would do and it was nothing at all like Porkulus.
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  #17 (permalink)  
Old 06-08-2009
jet57's Avatar
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Re: Obama announces the creation of 600,000 jobs with $787B stimulus package

As a centrist, I have to say that I agree with both sides in this thread. I think however that support is down because this thing is much bigger than any idea by any one president. I think that by July we're going to see some more of this. This iceberg is huge and we have nothing to back up the spending or the debts. I can see why the stimulous package was aimed at the corporate and the banks to hold off a complete crash and to encourage confidence, but the money is producing very little for those who live in what's left of the middle class and actually have to work for their money.

There is an ethic missing I think. A work ethic that carried us through hard times before. It's all still a market philosophy that is in control rather than an "American standard of living" that's in control: when the ethic was strongest the standard was highest. We need that ethic back, that's what will work.
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  #18 (permalink)  
Old 06-08-2009
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Speaker of the House

 
Member Since: Sep 2004
Location: Oregon
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Re: Obama announces the creation of 600,000 jobs with $787B stimulus package

Quote:
Originally Posted by Doctor Who View Post
If a company is too big to fail then we have companies that are too big. Our anti-trust laws are out of date. To big to fail is just another way of having an unfair competitive advantage since you obviously can make big mistakes and know the govt will bail you out. JMHO.
Well god damn, I think this is the first time I've ever agreed with anything you've said.
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  #19 (permalink)  
Old 06-08-2009
President

 
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Re: Obama announces the creation of 600,000 jobs with $787B stimulus package

Jobs and employment in the free market is a good thing because it indicates a healthy economy where there is a natural demand for labor/products that leads people to give and get in a manner that results in an economy that is something more than the sum of its parts. If you're taking money by force and creating jobs just to get the unemployment number to drop, well, that's like making the arrow on your scale drop to your preferred weight by breaking the glass and forcing it into position with your finger. Not surprising, since Obama has always been about show and deception.
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  #20 (permalink)  
Old 06-08-2009
phungus's Avatar
Speaker of the House

 
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Re: Obama announces the creation of 600,000 jobs with $787B stimulus package

Quote:
Originally Posted by jet57 View Post
...I think however that support is down because this thing is much bigger than any idea by any one president. I think that by July we're going to see some more of this. This iceberg is huge and we have nothing to back up the spending or the debts. I can see why the stimulous package was aimed at the corporate and the banks to hold off a complete crash and to encourage confidence, but the money is producing very little for those who live in what's left of the middle class and actually have to work for their money.
I think the support is down because people are realizing what a crock the stimulus bill was. It was sold as an infrustructure development stimulus, you know, building roads, schools, sewer lines, etc. Instead it amounts to a giant payoff to big stock investors, and people are finally waking up to this fact. I didn't vote for Obama so that he could continue with the same corporatist policies of Reagan and Bush, but look at his economic team, it's all financial sector investor types

Look at it this way. If the government had taken that money and just put the failed financial institutions into government recievership like is supposed to be done for big banks (whiping out the shareholders and creditors, cleaning the books and then reprivatizing a trimmed down company), and expanded Unemployement to match wages earned prior to being layed off (up to $200K) and garuntee benifits for a year, and spent the remainder on infrustructure development, I think everyone would agree we'd have seen far more of a stimulus. Instead we're supposed to believe that bailing out shareholders and proping up an overinflated housing market, and tying up taxpayer money on toxic assets (related to 1 & 2) was a better way to spend the money we are borrowing. The average American is starting to realize this and is none too happy about seeing their tax money spent bailing out massive share holder fat cats.
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  #21 (permalink)  
Old 06-08-2009
Secretary of Defense

 
Member Since: Dec 2007
Location: Colorado
Posts: 2,751

   
Re: Obama announces the creation of 600,000 jobs with $787B stimulus package

Quote:
Originally Posted by Doctor Who View Post
Doing the math, this costs $1.3 million per job. Am I missing something or is our government that stupid...or...does anyone think this is a good idea and why? I know that if you put 600,000 people to work there is a multiplier effect but if it creates 10 additional jobs (quite a stretch) that's still a cost of $130,000 per. It would almost seem cheaper to pay them to sit on their butts.

Obama promises summer speed up of economic effort - Yahoo! Finance


If that's the case--where do I apply for one of these 1.3 million dollar jobs--LOL?

Stunning--isn't it?
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  #22 (permalink)  
Old 06-08-2009
Secretary of Defense

 
Member Since: Dec 2007
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Re: Obama announces the creation of 600,000 jobs with $787B stimulus package

Quote:
Originally Posted by phungus View Post
I think the support is down because people are realizing what a crock the stimulus bill was. It was sold as an infrustructure development stimulus, you know, building roads, schools, sewer lines, etc. Instead it amounts to a giant payoff to big stock investors, and people are finally waking up to this fact. I didn't vote for Obama so that he could continue with the same corporatist policies of Reagan and Bush, but look at his economic team, it's all financial sector investor types

Look at it this way. If the government had taken that money and just put the failed financial institutions into government recievership like is supposed to be done for big banks (whiping out the shareholders and creditors, cleaning the books and then reprivatizing a trimmed down company), and expanded Unemployement to match wages earned prior to being layed off (up to $200K) and garuntee benifits for a year, and spent the remainder on infrustructure development, I think everyone would agree we'd have seen far more of a stimulus. Instead we're supposed to believe that bailing out shareholders and proping up an overinflated housing market, and tying up taxpayer money on toxic assets (related to 1 & 2) was a better way to spend the money we are borrowing. The average American is starting to realize this and is none too happy about seeing their tax money spent bailing out massive share holder fat cats.

Why do you think it was rushed through so fast? So fast that no one even read it before they signed it. This was Obama doing this & no one else. He stated that he needed this stimulus bill YESTERDAY. Only 3 republicans signed off on this bill.

Then we all found out what was in it. Nothing more than political pay-offs, pork & earmarks. In fact, the only people happy about this bill are road & bridge construction workers. No doubt--we're going to have a lot of bridges built to nowhere. But the irony of the speed in getting this bill passed--versus the 5 to 7 years it takes for engineering, planning & permits before the first shovel hits the dirt is astounding.

There was absolutely NO NEED to rush this bill through--not unless someone was trying to hide something.
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  #23 (permalink)  
Old 06-08-2009
Secretary of Defense

 
Member Since: Dec 2007
Location: Colorado
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Re: Obama announces the creation of 600,000 jobs with $787B stimulus package

Quote:
Originally Posted by Slon View Post
Jobs and employment in the free market is a good thing because it indicates a healthy economy where there is a natural demand for labor/products that leads people to give and get in a manner that results in an economy that is something more than the sum of its parts. If you're taking money by force and creating jobs just to get the unemployment number to drop, well, that's like making the arrow on your scale drop to your preferred weight by breaking the glass and forcing it into position with your finger. Not surprising, since Obama has always been about show and deception.


To add--these road & bridge projects that won't be happening for 5 to 7 years are "temporary jobs". Once the project is complete there go the jobs.
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  #24 (permalink)  
Old 06-08-2009
Commodore's Avatar
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Re: Obama announces the creation of 600,000 jobs with $787B stimulus package

If Obama is going to pull 600,000 jobs out of his ass, he had better stand up.
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  #25 (permalink)  
Old 06-08-2009
Secretary of Defense

 
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Re: Obama announces the creation of 600,000 jobs with $787B stimulus package

OBAMA REPACKAGES STIMULUS BILL WITH OLD PROMISES:

http://news.yahoo.com/s/ap/20090608/...obama_stimulus

WASHINGTON – President Barack Obama assured the nation his recovery plan was on track Monday, scrambling to calm Americans unnerved by unemployment rates still persistently rising nearly four months after he signed the biggest economic stimulus in history.

Obama admitted his own dissatisfaction with the progress but said his administration would ramp up stimulus spending in the coming months. The White House acknowledged it has spent only $44 billion, or 5 percent, of the $787 billion stimulus, but that total has always been expected to rise sharply this summer.

"Now we're in a position to really accelerate," Obama said.

He also repeated an earlier promise to create or save 600,000 jobs by the end of the summer. "What in the hell does this mean." It's CYA time with this comment.

Neither the acceleration nor the jobs goal are new. Both represent a White House repackaging of promises and projects to blunt criticism that the effects haven't been worth the historic price tag. And the job estimate is so murky, it can never be verified.

The economy has shed 1.6 million jobs since the stimulus measure was signed in February, far overshadowing White House announcements estimating the effort has saved 150,000 jobs. Public opinion of Obama's handling of the economy has declined along with the jobs data.

Last edited by Oreo; 06-08-2009 at 08:54 PM.
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  #26 (permalink)  
Old 06-08-2009
htperr6565's Avatar
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The voice of doom

 
Member Since: Mar 2007
Location: The Glorious Southlands of the United States
Posts: 3,461

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Re: Obama announces the creation of 600,000 jobs with $787B stimulus package

Quote:
Originally Posted by Doctor Who View Post
Doing the math, this costs $1.3 million per job. Am I missing something or is our government that stupid...or...does anyone think this is a good idea and why? I know that if you put 600,000 people to work there is a multiplier effect but if it creates 10 additional jobs (quite a stretch) that's still a cost of $130,000 per. It would almost seem cheaper to pay them to sit on their butts.

Obama promises summer speed up of economic effort - Yahoo! Finance
yes, you are missing a lot. namely, the fact that only 5% of the stimulus money has been spent.

if you don't remember correctly, this is more like a 1-2 year plan, rather than the 5 month plan your partisan puppet masters are telling you about.
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  #27 (permalink)  
Old 06-08-2009
jet57's Avatar
Joint Chiefs of Staff Member

 
Member Since: Mar 2009
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United_States     Scotland

Re: Obama announces the creation of 600,000 jobs with $787B stimulus package

Quote:
Originally Posted by phungus View Post
I think the support is down because people are realizing what a crock the stimulus bill was. It was sold as an infrustructure development stimulus, you know, building roads, schools, sewer lines, etc. Instead it amounts to a giant payoff to big stock investors, and people are finally waking up to this fact. I didn't vote for Obama so that he could continue with the same corporatist policies of Reagan and Bush, but look at his economic team, it's all financial sector investor types

Look at it this way. If the government had taken that money and just put the failed financial institutions into government recievership like is supposed to be done for big banks (whiping out the shareholders and creditors, cleaning the books and then reprivatizing a trimmed down company), and expanded Unemployement to match wages earned prior to being layed off (up to $200K) and garuntee benifits for a year, and spent the remainder on infrustructure development, I think everyone would agree we'd have seen far more of a stimulus. Instead we're supposed to believe that bailing out shareholders and proping up an overinflated housing market, and tying up taxpayer money on toxic assets (related to 1 & 2) was a better way to spend the money we are borrowing. The average American is starting to realize this and is none too happy about seeing their tax money spent bailing out massive share holder fat cats.
I'm inclined to agree with you. I think that what was found when the money became available was a black hole. In a simpler fix, the feds could have given each taxpayer nationwide a million dollars and still stimulated the economy and come out cheaper. That all being said - and thought of though, I think we're way in over our heads and that Obama is finding this out too.

Our manufacturing and trade base is too gutted to recover anytime soon with any amount of money in my view. (The is a sailing nightmare wherein a ship gets caught with no wind and can run out of supplys before they get a good wind and I think that's where we're at right now). I can very much appreciate Obam's idea of the stimulous however I think those with the real financial expertise will agree with my view that rubber really hasn't hit the road yet and we're in for more - it's just too deep. This business of deficit spending might have worked when we had fewer people in this country and less debt, but today I'm having a bit of trouble seeing how it's going to work: my state, California, is really broke.

We're all borrowed out - cashed out and over spent. We saw this happen here with dotcom: a gyroscope will only spin so fast before it breaks. This country has been supporting ridiculous economic policies and runaway pricing for too long. The only thing that's going to create a long term solution in my view is to close the gap between the American dream and the average American's ability to achieve it. A control that is lateral instead of top-down.

Much of this lack of lateral control is covered in Michael Foucault's work with respect to each of us having enough control over our own lives to see and observe our realtionships between those in control and how it effects those next to us - we have been made blind and therefore, only 'they' have the answers.
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  #28 (permalink)  
Old 06-08-2009
Secretary of Defense

 
Member Since: Dec 2007
Location: Colorado
Posts: 2,751

   
Re: Obama announces the creation of 600,000 jobs with $787B stimulus package

Quote:
Originally Posted by htperr6565 View Post
yes, you are missing a lot. namely, the fact that only 5% of the stimulus money has been spent.

if you don't remember correctly, this is more like a 1-2 year plan, rather than the 5 month plan your partisan puppet masters are telling you about.

Obama rammed this stimulus bill down our throats--with the "promise" that it would save unemployment from going past 8.2%. It's now at 9.4%. This is 100 days AFTER the stimulus bill passed.

Dick Morris--former Clinton advisor just stated that this bill was never an economic stimulus bill--it's a government spending bill that they rushed through--& used the recession as an excuse to do it.
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  #29 (permalink)  
Old 06-08-2009
htperr6565's Avatar
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The voice of doom

 
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Re: Obama announces the creation of 600,000 jobs with $787B stimulus package

Quote:
Originally Posted by Oreo View Post
Obama rammed this stimulus bill down our throats--with the "promise" that it would save unemployment from going past 8.2%. It's now at 9.4%. This is 100 days AFTER the stimulus bill passed.
Cite the promise that unemployment would never go past 8.2.


Quote:
Originally Posted by Oreo View Post
Dick Morris--former Clinton advisor just stated that this bill was never an economic stimulus bill--it's a government spending bill that they rushed through--& used the recession as an excuse to do it.
and bobby two shoes says that the sun emits rays of happiness.

whoopty effin doo.
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  #30 (permalink)  
Old 06-08-2009
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Re: Obama announces the creation of 600,000 jobs with $787B stimulus package

Quote:
Originally Posted by Speakeasy View Post
I've been admitting all along that our government, as a whole, hasn't got a clue. Sure, the democrats are doing a wonderful job of fucking things up, but I'm quite sure the Republicans would fuck it up just as badly in some other zany way.

If people only hold one side to task (such as what you appear to be doing with the Democrats here), you're essentially giving a big chunk of our fucked up government a pass.
The thing is ...the Democrats fuck it up on purpose.
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