We've had many recessions in the past. This one was so big, it caused a worldwide reaction. It is hard to argue that the stimulus, what little has been implemented so far, has had NO effect. I'm not sure I would consider it to be a beaming success either.
This is a recession of historic proportions. We are not yet out of the woods.
The highest rate of unemployment since 1973, according to the local Fox affiliate news that I watched Wednesday night. The stinkulus was a bad idea from day one, and hasn't done squat. Economics 101 teaches us that recessions end not because of goobermint interference, but because businesses simply don't want to fail.
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Kevin Haendiges
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We've had many recessions in the past. This one was so big, it caused a worldwide reaction. It is hard to argue that the stimulus, what little has been implemented so far, has had NO effect. I'm not sure I would consider it to be a beaming success either.
This is a recession of historic proportions. We are not yet out of the woods.
I really find it rather hard to believe that the "stimulus" has had an effect, seeing as how they've only spent about 10% of the money so far. TARP seems to have had some effect, as the banks appear to have stabilized and many have paid back the TARP loans (and the government has reaped billions in profit). To the extent that there has been any improvement in the economy (if any...), I'd argue that it is more related to TARP and ordinary business cycles than the stimulus bill...
I really find it rather hard to believe that the "stimulus" has had an effect, seeing as how they've only spent about 10% of the money so far. TARP seems to have had some effect, as the banks appear to have stabilized and many have paid back the TARP loans (and the government has reaped billions in profit). To the extent that there has been any improvement in the economy (if any...), I'd argue that it is more related to TARP and ordinary business cycles than the stimulus bill...
The stimulus had a very obvious effect. It put us deeper in debt than we could have imagined.
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While you rest, someone, somewhere, is training. When you meet, you will lose.
i can tell you from a infrastructure standpoint, i have been involved in a several large projects over the last 2 quarters that are only continuing because of the stim. most of these were on the books, but would've died for lack of funding but for the federal dollars. i can't say this has been large enough to impact the economy as a whole, but it's helped me.
so from that standpoint, thanks guys. i appreciate it
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Quote:
Originally Posted by vc1111
We've had many recessions in the past. This one was so big, it caused a worldwide reaction. It is hard to argue that the stimulus, what little has been implemented so far, has had NO effect. I'm not sure I would consider it to be a beaming success either.
This is a recession of historic proportions. We are not yet out of the woods.
True, but im inclined to believe that the upcoming inflation is going to B-slap us all.
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kaafir mushrik
Unintended consequences and God have one thing in common: Liberals don’t believe in either of them.
With somewhere between 7 and 10% of the money used to date and the remainder shelved, I expect to see a large portion dealt out into the system prior to the 2010 election. Zero has to show a boost in the economy to shore up support for his party incumbents, and stave off any lose of seats. If he loses the House and the Senate he's in dire straits and he and Rahm know this.
Biden, "stimulus is working"?????? yea, right.
