Thats it, thats all there is...

[Freedom4all]

Christina Romer, Chair of the WH Council of Economic Advisors. In prepared testimony she delivered before Congress on October 22, 2009 she dropped this bombshell:

“Most analysts predict that the fiscal stimulus will have its greatest impact on growth in the second and third quarters of 2009. By mid-2010, fiscal stimulus will likely be contributing little to growth.â€￾

So, we spent a trillion taxpayer dollars and exploded the deficit only to lose 2.7 million jobs? It gets worse. Romer concluded:

“We enter the fourth quarter of 2009 with the unemployment rate nearing 10 percent and likely to remain severely elevated.â€￾

Do you feel stimulated?

 

[Freedom4all]

7 Months After Stimulus 49 of 50 States Have Lost Jobs
America Now Over 6 Million Jobs Shy of Administration's Projections

The table below compares the White House's February 2009 projection of the number of jobs that would be created by the 2009 stimulus law (through the end of 2010) with the actual change in state payroll employment through September 2009 (the latest figures available). According to the data, 49 States and the District of Columbia have lost jobs since stimulus was enacted. Only North Dakota has seen net job creation following the February 2009 stimulus. While President Obama claimed the result of his stimulus bill would be the creation of 3.5 million jobs, the Nation has already lost a total of 2.7 million – a difference of 6.2 million jobs. To see how stimulus has failed your state, see the table below.

 

[southwind]

It's still Bush's fault !

 

[Tug McGroin]

It's still Bush's fault ! Inherited

Fixed it fur ya

 

[southwind]

Fixed it fur ya

Bush's bad...........Err, I mean My bad !

 

[freedom]

People expect too much much in a depression

 

[Freedom4all]

People expect too much much in a depression

What it means is that the end result is exactly what people were saying from the beginning. It won't help, it did nothing.

We were sold a bill of goods with unprecedented gov takeover.

A job-loss recovery, is not a recovery.

 

[freedom]

What it means is that the end result is exactly what people were saying from the beginning. It won't help, it did nothing.

We were sold a bill of goods with unprecedented gov takeover.

A job-loss recovery, is not a recovery.

i for one think that the bill did some good , if i gather right it helped extend unemployment benfits and it also helped the states out with their budgets to a small degree ...

i feel it also gave the markets confidence for a short time ( a few months ) ...

sorry freedom4all , but there really isn't anything the government can do to prevent this depression , but at least they tried ... they discarged their duities as best they could , if they hadn't tried anything at all , things would be worse by now and the public would be up in arms .

with a combined public and private debt ratio of 375% of GDP things are just going to be real ugly from here on out .. alot of people say bussiness need credit like it's their life blood , soon we will get to see what happens when they lose access to credit .