Economy Holding Inspite of Stimulas

[rushmc 23]

As many have stated. The stimulas and TARP were sluch funds to cover earmarks not voted on and secure votes and allies

It goes for both parties IMO

But in the end, Obama can claim nothing when it comes to the economy. And if the spending keeps up, what he will be held accountable for is not be something to brag on

http://money.cnn.com/2010/04/26/news/economy/NABE_survey/

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NEW YORK (CNNMoney.com) -- The recovery is picking up steam as employers boost payrolls, but economists think the government's stimulus package and jobs bill had little to do with the rebound, according to a survey released Monday.

In latest quarterly survey by the National Association for Business Economics, the index that measures employment showed job growth for the first time in two years -- but a majority of respondents felt the fiscal stimulus had no impact.

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[rehmwa 2]

there's a magazine titled "Money"?????!!!!!!

you just as well title it "entitled rich protestant white guy hate resource weekly"

sheeeeesh

...
Driving is a one dimensional activity - a monkey can do it - being proud of your driving abilities is like being proud of being able to put on pants

[billvon 3,120]

>what he will be held accountable for is not be something to brag on

If the economy does indeed recover, then he will be held accountable for its recovery - just as all presidents are held accountable for the economy's successes and failures (tenuous though that connection is.)

[rehmwa 2]

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>what he will be held accountable for is not be something to brag on

If the economy does indeed recover, then he will be held accountable for its recovery - just as all presidents are held accountable for the economy's successes and failures (tenuous though that connection is.)

nonsense -

if the economy recovers...

1 - 30% will kinda credit Obama
2 - 30% will note it's in spite of Obama and credit the 'other' team
3 - 5% will go to freakish lengths to credit Obama and post a ton of references to that effect
4 - 5% will go to freakish lengths to note this is proof Obama is a traitor and should be publicly flogged
5 - 30% will just be glad and not care who's in office and start looking to see if they still have their retirement and hope the next one isn't for a long time

...
Driving is a one dimensional activity - a monkey can do it - being proud of your driving abilities is like being proud of being able to put on pants

[futuredivot 0]

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you just as well title it "entitled rich protestant white guy hate resource weekly"

Haven't you listened to Gen. Jones? The Jews have the money

You are only as strong as the prey you devour

[kelpdiver 2]

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>what he will be held accountable for is not be something to brag on

If the economy does indeed recover, then he will be held accountable for its recovery - just as all presidents are held accountable for the economy's successes and failures (tenuous though that connection is.)

And you can bet he and the Democrats will campaign like hell claiming that credit.

It could be an inversion of the 80s elections where the GOP kept pulling out Carter the boogeyman as the risk if you ever dared to vote for the Democrats. Obama would then become Black Reagan.

[rehmwa 2]

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you just as well title it "entitled rich protestant white guy hate resource weekly"

Haven't you listened to Gen. Jones? The Jews have the money

and the military has the book of tired old way too long jokes

...
Driving is a one dimensional activity - a monkey can do it - being proud of your driving abilities is like being proud of being able to put on pants

[billvon 3,120]

>30% will kinda credit Obama
>30% will note it's in spite of Obama and credit the 'other' team

Agreed. But elections are won by soundbites, and the soundbite will be "are you better off now than you were four years ago?" And if the economy recovers, most people will be.

[rushmc 23]

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>what he will be held accountable for is not be something to brag on

If the economy does indeed recover, then he will be held accountable for its recovery - just as all presidents are held accountable for the economy's successes and failures (tenuous though that connection is.)

And I agree with your statment for sure

But I do not think recovery is in the cards if two things are not addressed

1, Gov spending
the economy can not recover if the current rate of spending vs the GDP continues
2, Taxes
If taxes are increased in any great amount the economy will not recover either

Time will tell
For the country and the people I hope Obama gets credit for a recovery. To me that is more important than who is in power

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[kelpdiver 2]

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But I do not think recovery is in the cards if two things are not addressed

1, Gov spending
the economy can not recover if the current rate of spending vs the GDP continues
2, Taxes
If taxes are increased in any great amount the economy will not recover either

#1 can certainly be continued through this election, and perhaps through the 2012 one.

#2 can follow afterward.

[billvon 3,120]

>1, Gov spending
>the economy can not recover if the current rate of spending vs the GDP
>continues

I agree - but it will take far more than a few years for that to make itself felt.

>2, Taxes
>If taxes are increased in any great amount the economy will not recover
>either

Historically tax increases (and democratic control of at least the presidency) correlate to improvements in the economy and growth of the GDP. Correlation does not imply causation, but it does suggest that they are more likely to happen concurrently.

[winsor 236]

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you just as well title it "entitled rich protestant white guy hate resource weekly"

Haven't you listened to Gen. Jones? The Jews have the money

Some more than others, unfortunately.

[riddler 0]

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Obama would then become Black Reagan.

I hope not. Tripling our national debt would make it, what? Around 40 trillion dollars?

Trapped on the surface of a sphere. XKCD

[kelpdiver 2]

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Obama would then become Black Reagan.

I hope not. Tripling our national debt would make it, what? Around 40 trillion dollars?

Well, he is on track to doubling it with 10T new debt. But if you look at absolute amounts of debt and adjust for inflation, Reagan would be better - he didn't generate 5T in debt.