Barefootsies

Charts by state(s) and full story
http://www.usnews.com/blogs/peter-ro...-of-money.html

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Enough Said.

"Would you rather live like a king for a year or like a prince forever?"

baddog

Has to be b.s. He hasn't been president long enough to make any measurable difference.

If Obama says he saved jobs, who are we to question him?

MetaMan

Here is my thought:

a main reason why the economies were not able to recover is that all of our manufacturing almost globally was shipped to china and india, that is why you saw such a BOOM there. the greedy fucks from around the world sold out and made these peasant countries filthy rich.

my dad works in manufacturing (plastics) in the USA and for years it was a struggle plants closing etc etc. now he has no problem finding a job. he is now off to phoenix to basically work final 2 years and retire. where a couple years ago it took him nearly 6months - 1 year to find a job. and he is highly skilled as a manager with a degree also.

and i DO think this is due to bailout money streaming into the manufacturing center.

if they keep it up it will help recovery. a strong economy over a long period of time has to keep up its manufacturing core. it helps keep up the middle class and gives workers who arent knowledge base a chance to still make a good living.

the more of these people who make a good living the less they are a strain on society and it has a trickle effect from the top to the bottom.

so in short i do think it has helped and i hope to God they keep strong investment in manufacturing and DO turn into a more of a protectionist society which they are already doing.

all these companies who sold out to overseas should be clubbed with a wooden bat.

Barefootsies

Agreed.

He has not even been in office a year.

However, our society today expects the world, and presidents, to move as fast as American Idol. You should be able to solve the world's issues, regardless of what they are, in the course of season one.

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Enough Said.

"Would you rather live like a king for a year or like a prince forever?"

DaddyHalbucks

The only people worse than Obama.. are Pelosi and Reid and the other bums in Congress.

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Barefootsies

Also agreed.

I think that realistically Obama simply needs to refer to a history book. Specifically the New Deal and the programs that created jobs. I can think of a TON of shit that needs to be done in this country. I will not go into the education system, as I think a lot of money is wasted there, but this country's infrastructure alone is in chaos.

Most of the highways, tunnels, bridges and interstates were designed and built to last 50 years. A large majority of public works projects were built from 40/50/60's. There are enormous problems looming for the country domestically. Fuck this 'nation building' bullshit in other countries around the world while our falls apart.

I personally think they need a good 10 year plan, end the wars, and use that money to fuel green technology, and AMERICAN infrastructure. But that's just me.

That said, Obama (or anyone for that matter) is not going to turn around the world, or America's, economic problems in one year or less.

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Enough Said.

"Would you rather live like a king for a year or like a prince forever?"

xxweekxx

i think baddog was being sarcastic.. he doesnt like obama or black people.. you havent figured it out by now?

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MetaMan

WHOA WHOA WHOAH nobody doesnt like obama cause hes black people dont like him because he is muslim.

get your facts straight.

Vendzilla

Well right now they are forcing a vote on passing the medical reform bill the forcing everyone to have medical insurance by law, which is against the constitution, but who are we to say whats good for us or not?

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think about that

Juicy D. Links

metaman is a communist

Barefootsies

Hmmm.... re-reading it. I suppose it is possible. I frankly have not kept up with BD's politics.

However, I made a mistake in that regard. I was addressing the first paragraph, not the send about Obama the black superman.

Sorry about that.

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Enough Said.

"Would you rather live like a king for a year or like a prince forever?"

fatfoo

"parceled out by the government, which has been unable to track where it has gone or what impact it has really had on job creation" - that's unfortunate

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xxweekxx

yeah im not even talking about obama.. baddog is a redneck racist old man..

one post i said hey im moving to san diego... im black, 24yrs old..

his exact reply, "there goes the neighborhood"

plus he is in every thread that has to do with racism/obama..

anyways cant blame him..his grandpa probably owned slaves.. his generation will die out soon within <10yrs and racism should drop by at least 30%

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Barefootsies

Agreed.

If memory serves, Maine or some north eastern state passed something similar. So that is being held up as the 'model' for this bullshit. I do not think it should be forced on anyone personally.

I think there should be a basic health care offered to anyone via Medicare or whatever. Then people can opt for the supplemental coverage. Whether paid by employer or individual.

If insurance companies want to stay in business, then they need to be competitive. Their are still going to be many who opt to pay for supplemental coverage. Just as some doctors now do not accept all insurance types.

That said, it is far too complex an issue for myself, or anyone, to sum up with a few posts on GFY. We will all speak from the different socio-economic perspectives. But I think that some form of basic coverage should be offered, and not forced, to the legal U.S. citizens who pay fucking taxes.

But I digress...

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Enough Said.

"Would you rather live like a king for a year or like a prince forever?"

Barefootsies

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Enough Said.

"Would you rather live like a king for a year or like a prince forever?"

baddog

Just because I don't like you doesn't mean I don't like black people.




You think a lot of yourself. I never even knew you were black until your panties got into a wad after that post. It would not matter what color you were, I would feel the same way.

theking

It is my understanding that only a small portion of the stimulus package has been distributed and the bulk remains intact...and is awaiting the conclusion of contracts etc. to be negotiated...and will probably be distributed over the next couple of years...so it is to early to tell what the effects will be. Of course you will have Republicans claiming what they claim and Democrats claiming what they claim which has little to do with the actual truth.

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Barefootsies

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Enough Said.

"Would you rather live like a king for a year or like a prince forever?"

nation-x

Matt 26z

The media likes to quote the $789 Billion figure and say that it had no effect.

The problem with these reports is that only 30% of the stimulus money has actually been used. It is being spread out over 2009-2011.

nation-x

Not one person in the Obama Administration or Congress said that the Recovery Act would impact jobs much in 2009. As you can see on recovery.gov... only a little over 31% of the funds have been AWARDED and only a fraction of those projects have even been started yet... so they haven't even received funding yet.

xxweekxx

LOL like every closet racist.. they have 2 black friends..

so you think posting a picture of you and a black guy makes you NOT racist.. fucking dumb ass..

id be more impressed if you had a bunch of CLOSE black friends, than a random snapshopt..

anyway you are racist, ive been here many years and seen you jump into every racial/black thread.. and ive seen how you reply.. im not stupid amigo.. anyway whatever, you will die soon so all good.. cant wait for your generation to get the fuck out

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baddog

Pretty sure I could find stats that suggest you are living on borrowed time.

And for the record, I don't have "a bunch of CLOSE friends" of any particular race. Racist punk.

xxweekxx

ok ill just leave you alone... i am racist? LOL i love everyone equally.. not too many young recent college grads are racist you know... we get to mix and match in college.

your generation has a lot of racist fucks.. you cant deny this.. everytime i run into someone racist its always an older fuck like you, but like i said, soon soon you guys will die out and maybe racism will decrease in USA....

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baddog

slapass

The stimulus package has been huge in housing. We are experiencing a mini boom in low priced housing. A perfect place for it as housing is mostly a local issue. He made me money so I would vote for him again.

Vendzilla

WHats sad is that most of the stimulus money has been going to dem's areas, not the GOP's, the ratio is like 2 to 1 , and how much of out money was spent giving these senators to get the health care to where it is? It should be about a vote, not how much I can get.
Remember., Obama said NO earmarks!

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Carbon is not the problem, it makes up 0.041% of our atmosphere , 95% of that is from Volcanos and decomposing plants and stuff. So people in the US are responsible for 13% of the carbon in the atmosphere which 95% is not from Humans, like cars and trucks and stuff and they want to spend trillions to fix it while Solar Panel plants are powered by coal plants
think about that

SuzzyQ

Obama lied and we are about to get royally screwed with the Health care bill...

uno

Link Hotten.

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RayBonga

whoever worte it has no idea about basic concepts of macroeconomy.

you can pay people to dig holes in the morning and cover them in the afternoon and still achieve a usefull effect in jump starting a countrys economy.

I'm tired of reading retarded articles trying to establish basic comparisons to everyday live, that's just not how thigns work. Just cheap rethoric to achieve some political goal.

Libertine

That is one of the dumbest articles I have ever read.

Not because the stimulus package did or didn't work, but because the argument that is being used in the article to conclude that it didn't work just isn't valid.

It's like a patient complaining that his meds don't work because his blood pressure has continued to rise - while leaving out the key fact that he's been eating half a roasted pig a day.

The stimulus package isn't the sole determinant of employment figures, so looking merely at job losses is completely pointless. To see if the stimulus package has had an effect or not, a thorough comparison needs to be made between the actual numbers and an estimate of the numbers we would have seen without the stimulus package.

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uno

Yep, most of the stimulus is supposed to be dispensed and/or utilized over the next year. It even says so in the article posted that figures are projected at calendar end 2010. It was probably set up that way to help dems in the mid term elections AFTER the majority of the stimulus kicks in.

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CarlosTheGaucho

A country that doesn't innovate, produce, manufacture and support small businesses lands in trouble, it's not only the question of how to employ the average worker.

It's the question of how to make living standards generally affordable, and keep people spending money, which is the blood of a healthy economy and creates further opportunities.

Just check how many countries these days suffer from structural unemployment - it's not that those people would not be qualified or wouldn't want to work, but their jobs are simply 2000 miles away now for one third of the salary, which sets a trend with all the other huge companies, to stay competitive.

You can find all those monkey megadomes over here - DHL, IBM, InBev, Accenture, Delloite & Touche...

Tens of thousands of young people who should be hungry to make it are taking calls from all over the world and pile tons of invoices for $1000 a month which is not enough to even rent a decent flat and live like a human (since the prices here are artificially driven up by taxation, bureocratic fees and megacorporational lobby anyway).

They're lobotomized during the college, since those companies are the biggest sponsors of "public" universities and even usually receive gifts like tax holidays from the "national" government. I've been there, seen that.

So the result is a mass of productive workforce producing nothing, making no money to spend on anything, with local budget making nothing - someone check economy books for a definition of this groundbreaking economical approach - if I remember well.. I guess last time it was officially called ass fuck.

Why? Well someone needs to make more.

Globalization my ass - Greed international Inc.

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CarlosTheGaucho

Damn that was long, I'm off..

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Iron Fist

No kidding..... damn racist stimulus discussion!

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tony286

You mean like Car Insurance?

MetaMan

fully agree globalization just puts the power and money in the hands of few. it is getting really sad at what this world is turning into.

if this keep sup everyone will just work for a mega corporation and small business will be drowned out.

baddog

You do not have to have car insurance. You don't even have to own a car.

Barefootsies

Yeah, that was what I thought as well. However, this article like many others, is more so partition nonsense. I have heard that most of the money had not been actually spent yet, and a lot of that TARP money has actually been back.

A lot of good points from you, and some of the others, in the replies.

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Enough Said.

"Would you rather live like a king for a year or like a prince forever?"

GatorB

bullshit

and you know it.

baddog

But there are dems that want to go ahead and spend it. It is free money.

Barefootsies

Actually I did hear that this past week.

There apparently is discussion to keep the money liquid, and to use it for other plans. I do not recall the endless things mentioned. But it was something about small business, and losing up credit. Schools, and some other programs.

If I remember correctly. The Republicans simply wanted to pay down the debt of their former president. But I just caught the tail end of the story. However, I am sure there is still plenty more partisan bickering to go on for 2010....

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Enough Said.

"Would you rather live like a king for a year or like a prince forever?"

kane

I also read some good stuff this week about how the administration is considering not accepting the full TARP repayments from some banks. If they take the money and are paid back in full then they have no say in how the banks run. They want to keep a hand on the banks so they are considering not accepting the full payoffs so that they still have some control over them.

The idea, at least that this article put forth, was that there are a lot of banks out there making a lot of profit, but they aren't lending much money. If the government still has a hold of them they can kick the lending up and force them to make loans to business and consumers. If they take the money back then the banks are free to do as they want and they can just sit there and continue to rake in the profits from interest and late fees and not loan anything out.

onwebcam

What amazing is everyone here is arguing over how much of that quoted figure they have and haven't spent. When the reality is they just used that money as reserves. If you aren't familiar with fractional banking here's what they did. They put the money into one bank account and then loaned out 10x that amount and put that into other bank accounts. In total they made disappear somewhere around 24 trillion dollars. Now the question is where did that money go and whats going to happen when all that shit comes flying back in? Can anyone say $10 loaf of bread?

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BTW $24 trillion dollars would pay off every single house with a mortgage, every car loan, and every credit card in America.

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Barefootsies

Yep. I had heard the same.

I guess he had made some speech in regards to 'opening up credit' or loosening credit, especially for small business and credit worthy people.

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Enough Said.

"Would you rather live like a king for a year or like a prince forever?"

knobish

This is the last argument Obama lovers use, if you don't like him you're a racist. I got called a racist too many times by the socialist retards that don't remember that our republic has a constitution that we wipe our asses with daily.

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knobish

And it was pretty well known to anyone that was paying attention that it'd be a waste. Thanks for the new Nascar tracks stimulus package! Amongst other retarded things. (read the documents). If you want a really nice picture of our long term financial position, especially dealing with taxes, lookup and read the grace commission report. Things haven't changed. Read the documents, because the articles and the 'news' reporters leave out everything that is important.

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Barefootsies

Absolutely agree with you 200%.

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Enough Said.

"Would you rather live like a king for a year or like a prince forever?"

knobish

I could not resist adding perspective.

http://wearechangecoloradosprings.or...ission1984.pdf

"Resistance to additional income taxes would be even more widespread if people were aware that:
-One-third of all their taxes is consumed by waste and inefficiency[stolen] in the Federal Government as we identified in our survey.

-Another one-third of all their taxes escapes collection from others as the underground economy blossoms in direct proportion to tax increases and places even more pressure on law abiding tax payers, promoting still more underground economy -- a vicious circle that must be broken.

-With two-thirds of everyone's personal income taxes wasted or not collected 100 percent of what is collected is absorbed solely by interest on the Federal debt and by the Federal Government contributions to transfer payments. In other words, all individual income tax revenues are gone before one nickel is spent on the services which taxpayers expect from their Government"


And thats why I'm moving to Holland at the first opportunity

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