President Barack Obama Travels to Las Vegas to Push Success of His Stimulus Bill

Damocles

Damocles

Accedo!
Staff member
Seven in 10 Americans Think Stimulus Hasn't Helped; Obama Says They're Wrong


President Obama continued barnstorming the country today to herald the much-maligned stimulus bill.

"Now, the simple truth is, it took years to dig this hole," Obama told an audience at the University of Nevada, "and it's going to take more time than any of us would like to climb out of it. But the question is, number one: Are we on the right track? And the answer is, 'yes.'"

Why is Obama still selling the stimulus 17 months after the money started flowing into the country? The latest ABC News/Washington Post poll shows that 7 in 10 Americans think there has been no economic benefit from the $862 billion stimulus legislation, so the president is out to convince the majority of the American people that they're wrong.

On Thursday, President Obama swept into the heartland of America with a similar economic message. In Kansas City, Missouri, he visited an electric truck plant that was the beneficiary of a $32 million stimulus grant. Recently, the company hired its 50th employee and expects to hire 50 more.

More at link...

http://abcnews.go.com/WN/president-barack-obama-stimulus-bill-success-las-vegas/story?id=11125396
 
Damocles said:
I think his drive to convince us is going to backfire. It isn't hard to point out this kind of simple math.
Click to expand...


Whoever is advising Obama that this is a good idea should be fired immediately. It's just plain stupid even if they believe it to be true.

The trouble is that the political people drove the bus on the stimulus bill at the outset when the economists said it wasn't big enough. Now that the economists have turned out to be right (at least from a left-wing perspective), instead of saying "hey, that stimulus wasn't big enough and we need to do X, Y and Z to turn the economy around" their coming telling the John Q Noter that he's got lying eyes and things aren't so bad.

It is isn't going to work.
 
come on know the POTUS has to know better than the little people right.

Why wouldn't you invest in solar panel companies along with the stimulus. Wait, you can't use they will be out of business without the stimulus money as a reason. OK, I'm waiting.
 
Damocles said:
I think his drive to convince us is going to backfire. It isn't hard to point out this kind of simple math.
Click to expand...

How are you complaining about this? These are exactly the kind of "private" jobs you said the stimulus did NOT address, and the company expects to double its employees to 100 this year. They're building electric trucks, so they also need to buy machines & materials which - surprisingly - goes to other companies, so they can increase their payrolls as well.
 
Onceler said:
How are you complaining about this? These are exactly the kind of "private" jobs you said the stimulus did NOT address, and the company expects to double its employees to 100 this year. They're building electric trucks, so they also need to buy machines & materials which - surprisingly - goes to other companies, so they can increase their payrolls as well.
Click to expand...
What is with people today? I am predicting, not complaining about anything.

I need to start remembering to use "Newsboy" when I copy an article, you continue to think that the article is somehow a complaint in itself.
 
Onceler said:
You seemed to be endorsing webbway's "simple math," which - when you take a look at this specific example - turned out to be a little too simple.
Click to expand...
It will be effective "simple math" regardless.

I predict that this attempt to try to "convince" people that his stimulus is working will fail. I'm not "complaining". Although I do find it interesting that if you are a liberal "trickle down" or "voodoo economics" seems to work in "grant form"... The problem with it is the targeted nature rather than trying to uplift all of the economy with tax cuts; they attempt to only energize a specific sector and because of this his stimulus fails. It isn't hard to do the math. Imagine if every corporation had effectively a "grant" from the government in the form of a tax break for actively participating in the growth of the economy...

Target a specific sector with research grants, do not make research grants the "stimulus"....
 
Lowering taxes and govt spending would solve the problem way faster then trying to control it by stimulus spending. Throw in some serious financial and SEC reforms and the infrastructure is laid.
 
Damocles said:
Seven in 10 Americans Think Stimulus Hasn't Helped; Obama Says They're Wrong


President Obama continued barnstorming the country today to herald the much-maligned stimulus bill.

"Now, the simple truth is, it took years to dig this hole," Obama told an audience at the University of Nevada, "and it's going to take more time than any of us would like to climb out of it. But the question is, number one: Are we on the right track? And the answer is, 'yes.'"

Why is Obama still selling the stimulus 17 months after the money started flowing into the country? The latest ABC News/Washington Post poll shows that 7 in 10 Americans think there has been no economic benefit from the $862 billion stimulus legislation, so the president is out to convince the majority of the American people that they're wrong.

On Thursday, President Obama swept into the heartland of America with a similar economic message. In Kansas City, Missouri, he visited an electric truck plant that was the beneficiary of a $32 million stimulus grant. Recently, the company hired its 50th employee and expects to hire 50 more.

More at link...

http://abcnews.go.com/WN/president-barack-obama-stimulus-bill-success-las-vegas/story?id=11125396
Click to expand...

They are wrong, every serious economist will say it helped... Now how much and if it was worth it are things that are up to debate, but it helped.
 
Chapdog said:
Lowering taxes and govt spending would solve the problem way faster then trying to control it by stimulus spending. Throw in some serious financial and SEC reforms and the infrastructure is laid.
Click to expand...

That's the opposite philisophically from the strategy that was used. Maybe it would have worked.

I don't think it would have, at the time & given the circumstances. Businesses, consumers & investors were all reigning in spending dramatically. Without spending from another source, I don't think mere tax cuts would have done the trick.
 
You must log in or register to reply here.
Back
Top