ummmm, the massive spending splurge hasn't even occurred yet. well, only 5% of it has. Not too convenient for your argument, huh?

Reminder to all Obama haters: They never said the stimulus would solve all ills by July. Yes, they were vague about when it would work at all, but that does not matter given that you want to rewrite their words anyway.

how does it feel to be completely unreasonable?

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not as crazy as it sounds, at all.

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"The captain has turned off the `No Dubbing' sign. You are free to speak any language you choose."

No one is claiming they did. If, however, you examine the graph posted above, you'll see that they made specific claims about what the bill would do as of this date.

Or do you think they were speaking of a different June and July of 2009?

Ask the Obama administration who put out the graph above with the claims about what the bill was supposed to do as of today. None of us put the dates in the graph for them.....

Matt

thank you, so if this, stimulus, was the answer as THEY explained why has only 5% been spent? Do I need to go you tube Obama telling us there were thousands of 'shovel ready' projects out there? No don’t think I do, we all remember it ..the fact is- congress has been slow approving what money goes where because they use it to buy votes and enhance patronage, the oldest game in the world, taught to them by the master, FDR.

and runeasonable. that chart is THEIR creation not anyone elses......how does it feel to ignore the nose on your face? As I said apply the bush yardstick, either he lied or he’s incompetent....you choose.

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"The captain has turned off the `No Dubbing' sign. You are free to speak any language you choose."

No, goober. Wall Street doesn't control the banks. You don't seem to understand that many of the mortgages that were securitized were done so with no recourse against the bank that originated the mortgage. The banks were making big money on this whole process, as well.

"Low income mortgage payments" do not equate to the amount of money that "has gone missing". Your attempting to link the two shows your lack of understanding of how modern finance operates.

Your playing of the race card is typical, yet unfounded. Ultimately, the racists in this debacle were Bill Clinton, Chris Dodd, and Barney Frank, amongst others. They used low income minorities and their aspirations of owning a home like pawns on a chess board; useful in winning the game, but usually sacrificed in the process.

Because it takes time to spend it correctly.
if you could go on you tube and show me where obama said all of the stimulus money would be spent by july it would actually mean something.

if you are upset with the way congress plays games, then you need to offer us a new constitution.

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Do you know where the "prevailing market value" comes from? If someone buys a foreclosed house for $100,000, that sets the new "prevailing market value". Just because the home might have sold for $150K a year ago doesn't make it a "bargain". The latest sale sets the market. Doesn't matter what they used to sell for. There is nothing temporary about housing prices declining for the past 4 years. It has accelerated for the past 2 because of the huge amount of foreclosed and unsold homes on the market.

The prices fell because people stopped paying their mortgages, the banks foreclosed and the properties then go on fire sale. It is no more complicated than that and it did start with the sub prime/low income/poor credit borrowers. Every economist has said that and even Obama said it in his speeches. It is not a debate, it is a fact. The derivatives and insurance companies got stuck because their rates/premuims/returns were based on historic default rates. We blew past those and their investments went down the tubes.

It seems you are not familiar with the term capital? Your narrow definition makes that obvious.

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"If you think about it, UPS and FedEx are doing just fine," he said. "It's the post office that's always having problems." Barack Obama on government run healthcare. 08/11/2009

American by birth.
Conservative by the grace of God.

Still sore about the war of northern aggression.

How do you spend the funds correctly when it includes pork-barrel spending for initiatives that have nothing to do with the economy? Isn't that an oxymoron?

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i didn't know the whitehouse published 'innocentbystanders.net'



when and where and in what context was this graph originally put out with the whitehouse's name on it?

in public addresses I never heard the obama administration say that they knew exactly what unemployment would do with or without the bill.

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It's posted right above in thread. It's not a YouTube link, though - you actually have to read it.

Obama's economic team put out data that said that if we implemented their plan, unemployment would peak at ~8%.

Simple yes or no - was that forecast accurate?

Matt

provide an example.

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Post number, please.
they never said that. your graph is fiction.

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It's not "my" graph - it's a graph the Obama administration put out whilst telling us how we had to pass the massive spending bill right away.

Again, did the unemployment rate drop as Obama's administration claimed? A simple yes or no will suffice.

Matt

post number please, where you stated that the obama administration claimed all of the money would be spent by july.

perhaps i could make this a little more clear for you: innocentbystanders.net is not affiliated with the obama administration, sofar as i know.

show me where the obama administration actually publicly claimed, you know, with their mouths, that unemployment would behave a certain way, rather than scouring the internet for baloney graphs that could have been hypothetical and theoretical examples that were decided to not even be used, then i will entertain your simplistic yes or no question.

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You are really making yourself look foolish. I did a search for the graph on images.google.com, and the image I happened to pick was on innocentbystanders.net. I'd be glad to pull up the same graph from some other site if it makes you happy; Regardless, the data contained within the graph is representative of the data that was forecasted, as well as the actual unemployment rate. It's not rocket science.

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