Obama promises more than 600,000 stimulus jobs

Full story: Newsday

President Barack Obama promised Monday to deliver more than 600,000 jobs through his $787 billion stimulus plan this summer, with federal agencies pumping billions into public works projects, schools and summer youth programs.
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105,801 - 105,820 of 109,597 Comments Last updated Oct 22, 2013
Teddy R

Abu Dhabi, UAE

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#114942
May 6, 2012
 
okboston wrote:
<quoted text>
It was those two years that were wasted trying to get the Republicans on board for a middle of the road program. The Republicans said NO! to America.
Oh, horsepucky.

You continue to dodge the TRUE reason for BOBO's abysmal failure, painting a completely LUDRICROUS picture of poor little BOBO cowering powerlessly in fear of a GOP-dominated Congress that would help him save the nation.

Bullcrap. I put it to you again:

"BOBO and the Pelosi/Reid axis held TOTAL AND ABSOLUTE SWAY over the White House and BOTH houses of Congress for the first TWO FULL YEARS of his Presidency - one RINO vote away from a Supermajority in Mad Harry Reid's Senate, with Joey Hairplug's tie-breaking vote sitting in the Senate President's chair. IT DOESN'T GET ANY BETTER THAN THIS for an incoming POTUS."

If a POTUS cannot lead and get his program passed under these IDEAL conditions, he's not worthy of the office.

But BOBO DID ram his agenda thru - he DID get EXACTLY what he wanted -

OBAMASCARE.

Restoring the fiscal and economic health of the nation?? Pssssht - BOBO didn't give a rat's azz for that - he's just going to blame Bush. First things first for him and Pelosi and Reid, flush with total power - their progressive wet dream of SOCIALIZED HEALTH CARE. They were going to do it for TEDDY KENNEDY.

Well, they got it.

Now they can bloody well pay the political price for being such irresponsible fools.

THROW THE BUMS OUT.

REPEAL.

REPLACE.

REBUILD.


Teddy R

Abu Dhabi, UAE

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#114943
May 6, 2012
 
*would not help him ...
Teddy R

Abu Dhabi, UAE

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#114944
May 6, 2012
 
okboston wrote:
<quoted text>
Republicans believe you run deficits in good times and pay it down in bad times.
Bull. Partisan foo-foo from a partisan hack.

Keynesian economics doesn't work anymore in today's global economy.

Keynes is dead - and the economy is GLOBAL now - and much, MUCH too large for any single governmental "stimulus" to have any significant effect - AS 2008 AND 2009 CLEARLY DEMONSTRATED to anyone watching without ideological bias.

All that vain "stimulus" spending by governments of money they don't have accomplishes is to ADD TO THE PROBLEM by further wrecking their credit and adding to the crushing public debt burden that's pushing up risk and uncertainty in world credit markets.

You really need to lose your infatuation with this obsolete 19th-century economic theory.

Try to find ANY leading mainstream economists in the present economic literature that's saying classic Keynesian policies are the answer.
Teddy R

Abu Dhabi, UAE

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#114945
May 6, 2012
 
okboston wrote:
<quoted text>
I meant today's Republicans verses those of a few years ago. I agree about Congress. We had no sooner established a rational fiscal budget process in the 90's when the same (practically) Congress blew it in the 2000's. Either party could have, and have been guilty of similar behavior at other times.
I think we all agree Washington is broken, and in large measure there is little to choose between the two major parties when it comes to those areas in which the breakage is occurring. The SYSTEM is broken, and both major parties are to blame.

We need to:

1) Starve the beast, not feed it
2) Get rid of the professional political classes that run Washington for their own personal and special interests' power and profit
3) Restore governmental power back to the States and Local governments, where the People can more readily control its use

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#114946
May 6, 2012
 
Here's The Chart That Will Get Obama Fired as well as laying to waste all of the liberal whines about Obama and unemployment

Read more: http://www.businessinsider.com/meanwhile-here...

Since: Oct 11

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#114947
May 6, 2012
 
Teddy R wrote:
<quoted text>
Bull. Partisan foo-foo from a partisan hack.
Keynesian economics doesn't work anymore in today's global economy.
Keynes is dead - and the economy is GLOBAL now - and much, MUCH too large for any single governmental "stimulus" to have any significant effect - AS 2008 AND 2009 CLEARLY DEMONSTRATED to anyone watching without ideological bias.
All that vain "stimulus" spending by governments of money they don't have accomplishes is to ADD TO THE PROBLEM by further wrecking their credit and adding to the crushing public debt burden that's pushing up risk and uncertainty in world credit markets.
You really need to lose your infatuation with this obsolete 19th-century economic theory.
Try to find ANY leading mainstream economists in the present economic literature that's saying classic Keynesian policies are the answer.
This is sort of funny, but Keynes was once asked about how his policies being good immediatly but bad in the long run. Keynes reply went something to the effect "In the long run we are all dead." So keynes lived in the times of his great so called prosperity and is now dead in the days of the austerity his programs created. keynes...what a great guy and wonderful liberal hero

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South Central Virginia

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#114949
May 7, 2012
 
icu_ wrote:
<quoted text>This is sort of funny, but Keynes was once asked about how his policies being good immediatly but bad in the long run. Keynes reply went something to the effect "In the long run we are all dead." So keynes lived in the times of his great so called prosperity and is now dead in the days of the austerity his programs created. keynes...what a great guy and wonderful liberal hero
Actually, Keynes lived during the Great Depression.

Reagan ran the deficit up in good times, Clinton brought it back to earth. bush the sone ran the deficit up in good times and now that we have hard times who is calling for balancing the budget?

What is happening in England, France and Germany due to austerity measures?

The Republicans controlled the House last year, how much is spending and the budget deficit cut this year?
Teddy R

Abu Dhabi, UAE

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#114950
May 7, 2012
 
okboston wrote:
<quoted text>
Actually, Keynes lived during the Great Depression.
Reagan ran the deficit up in good times, Clinton brought it back to earth. bush the sone ran the deficit up in good times and now that we have hard times who is calling for balancing the budget?
What is happening in England, France and Germany due to austerity measures?
The Republicans controlled the House last year, how much is spending and the budget deficit cut this year?
Was there a point hiding anywhere in that random burble of rhetorical questions?

If yes, it's not apparent.

Care to try stating a cogent point in clear terms, with supporting evidence to back it up?

Or was that a failed attempt to refute my earlier point, that Keynesian stimulus is erroneous policy in the present circumstances in the US? If so, it fails as a refutation also.

My point remains as stated - and unrefuted:

Keynesian stimulus is an erroneous policy response for the present US fiscal and economic situation - as 2008-2009 has clearly demonstrated. Two reasons:

1) Any Keynesian stimulus large enough to generate economic effect would have to be so large as to be beyond any realistic limits of political and fiscal feasibility - it's fantasy, and

2) Keynes himself would have to agree the evidence clearly shows Keynesian stimulus is ineffective in accelerating recovery from economic recessions resulting from fiscal crises arising from over-leveraged credit: EXACTLY the situation the US is in. Ken Rogoff, a leading authority in this field makes this one of the primary observations from his study of several centuries of financial crises - that government fiscal action doesn't have the ability to significantly shorten the deleveraging process.

Here's a particularly well-balanced article on the subject: http://www.washingtonpost.com/blogs/ezra-klei...

And please - spare us any comparisons with the Eurozone: as I've exhaustively shown previously, Europe's economic, financial, and currency structures, issues and problems are their own, and provide no sensible or useful guidance for the US. Mark my words - Sarkozy may be out in France, for example, but Hollande's economic and fiscal policies will remain indistinguishably different - it's all for show. They have NO CHOICE but to de-leverage and cut back on unsustainable government spending levels also.

TAANSTAFL, baby.

Since: Aug 07

South Central Virginia

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#114952
May 7, 2012
 
Teddy R wrote:
<quoted text>
Was there a point hiding anywhere in that random burble of rhetorical questions?
If yes, it's not apparent.
Care to try stating a cogent point in clear terms, with supporting evidence to back it up?
Or was that a failed attempt to refute my earlier point, that Keynesian stimulus is erroneous policy in the present circumstances in the US? If so, it fails as a refutation also.
My point remains as stated - and unrefuted:
Keynesian stimulus is an erroneous policy response for the present US fiscal and economic situation - as 2008-2009 has clearly demonstrated. Two reasons:
1) Any Keynesian stimulus large enough to generate economic effect would have to be so large as to be beyond any realistic limits of political and fiscal feasibility - it's fantasy, and
2) Keynes himself would have to agree the evidence clearly shows Keynesian stimulus is ineffective in accelerating recovery from economic recessions resulting from fiscal crises arising from over-leveraged credit: EXACTLY the situation the US is in. Ken Rogoff, a leading authority in this field makes this one of the primary observations from his study of several centuries of financial crises - that government fiscal action doesn't have the ability to significantly shorten the deleveraging process.
Here's a particularly well-balanced article on the subject: http://www.washingtonpost.com/blogs/ezra-klei...
And please - spare us any comparisons with the Eurozone: as I've exhaustively shown previously, Europe's economic, financial, and currency structures, issues and problems are their own, and provide no sensible or useful guidance for the US. Mark my words - Sarkozy may be out in France, for example, but Hollande's economic and fiscal policies will remain indistinguishably different - it's all for show. They have NO CHOICE but to de-leverage and cut back on unsustainable government spending levels also.
TAANSTAFL, baby.
I think you misunderstand part of Keynsian economics. It is not necessarilly spending to bring the economy back to where it should be (which I think is what you are addressing), it is also spending such as extended unemployment benefits, increased Food Stamps and things of this nature to help people through the hard times (the part I think you are not addressing.)

I do not disagree with your first point. As to your second, it is moot I think by agreement with your first point.

What I do support is continued support to those displaced in this economy as well as infrastructure which assists business now or in the near future with more efficient, effective operations. assisting with the development of the infrastructure for NG, CNG and LNG falls into this category.

Spending to put grass down in DC does not.

Eurozone: England has its own currency and certainly compares with the US. Your running from this issue does not help your case. I left Greece, Spain and Portugal out of the question because on them you are correct. But you are not correct when leaving out all of the nations. Even Ireland is comparable.
JBH

Richmond, Canada

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#114953
May 7, 2012
 
US has a bad economy and has worse illegal immigration than any other worse country on earth.

For last 3-1/2 years, US has suffered from the high to highest unemployment after WW2 and since the last longest depression, with highest debts on the planet in the hands of Obama.

Obama's on-the-job-training is equal to the on-the-job-destruction.

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#114954
May 7, 2012
 
Keynes crapola started with FDRs foolishness and no presedent ever looked back as they continued to spend the country into poverty as they debt financed social spending entitlement programs to buy votes

Since: Aug 07

South Central Virginia

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#114955
May 7, 2012
 
Teddy R wrote:
<quoted text>
Was there a point hiding anywhere in that random burble of rhetorical questions?
If yes, it's not apparent.
Care to try stating a cogent point in clear terms, with supporting evidence to back it up?
Or was that a failed attempt to refute my earlier point, that Keynesian stimulus is erroneous policy in the present circumstances in the US? If so, it fails as a refutation also.
My point remains as stated - and unrefuted:
Keynesian stimulus is an erroneous policy response for the present US fiscal and economic situation - as 2008-2009 has clearly demonstrated. Two reasons:
1) Any Keynesian stimulus large enough to generate economic effect would have to be so large as to be beyond any realistic limits of political and fiscal feasibility - it's fantasy, and
2) Keynes himself would have to agree the evidence clearly shows Keynesian stimulus is ineffective in accelerating recovery from economic recessions resulting from fiscal crises arising from over-leveraged credit: EXACTLY the situation the US is in. Ken Rogoff, a leading authority in this field makes this one of the primary observations from his study of several centuries of financial crises - that government fiscal action doesn't have the ability to significantly shorten the deleveraging process.
Here's a particularly well-balanced article on the subject: http://www.washingtonpost.com/blogs/ezra-klei...
And please - spare us any comparisons with the Eurozone: as I've exhaustively shown previously, Europe's economic, financial, and currency structures, issues and problems are their own, and provide no sensible or useful guidance for the US. Mark my words - Sarkozy may be out in France, for example, but Hollande's economic and fiscal policies will remain indistinguishably different - it's all for show. They have NO CHOICE but to de-leverage and cut back on unsustainable government spending levels also.
TAANSTAFL, baby.
BTW: That was no article, it was book. I decided to print it out so I could go through it a couple of times. I agree it is balanced and I also think it is well written.
Teddy R

UAE

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#114956
May 7, 2012
 
okboston wrote:
<quoted text>
I think you misunderstand part of Keynsian economics. It is not necessarilly spending to bring the economy back to where it should be (which I think is what you are addressing), it is also spending such as extended unemployment benefits, increased Food Stamps and things of this nature to help people through the hard times (the part I think you are not addressing.)
I don't misunderstand Keynesian economic theory at all. It is simply based upon government's presumed ability to step in and replace lagging private economic demand in a down-cycle to maintain economic growth with government spending.

These goo-goo romantic notions of yours about "helping out the poor little guy" with various forms of hand-outs have nothing to do with Keynesian economic theory - that's pure progressive foo-foo.
okboston wrote:
<quoted text> I do not disagree with your first point. As to your second, it is moot I think by agreement with your first point.
What I do support is continued support to those displaced in this economy as well as infrastructure which assists business now or in the near future with more efficient, effective operations. assisting with the development of the infrastructure for NG, CNG and LNG falls into this category.
So long as Government sticks to true public infrastructure investment, I have no strong objection - but when it comes to a fundamentally incompetent and dumb-azz government getting handy "assist(ing) business now or in the near future with more efficient, effective operations. assisting with the development of the infrastructure for NG, CNG and LNG ...(etc.)" please - business doesn't need incompetent help like this. Stick to public infrastructure that the private sector can't and won't do better.
okboston wrote:
<quoted text>Eurozone: England has its own currency and certainly compares with the US. Your running from this issue does not help your case. I left Greece, Spain and Portugal out of the question because on them you are correct. But you are not correct when leaving out all of the nations. Even Ireland is comparable.
Not comparable at all. The fact that the UK (and they may thank God and Maggie Thatcher for their good fortune in this)- and ONLY the UK - retained control of its own currency puts them in a better position.

But money still doesn't grow on trees. And these governments are gonna have to pay their bills - they only way they do that is by cutting government spending and growing - or inflating - their way out of the hole.

Mark my words - Hollande will do nothing different than Sarkozy, for all his posturing about ending German-driven auterity. They have no choice, and they know it.
Politics as usual

Melville, NY

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#114957
May 7, 2012
 

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unbelievable, Elizabeth Warren, the shyster who pretended that she was an American Indian to get ahead is now being touted by the corrupt mainstream media as a liberal hero.

now we know what traits liberals feel are heroic, cheating and lieing to get ahead.

http://newsbusters.org/blogs/tim-graham/2012/...

does the Washington Post think that we are all so stupid that we don't see their blatant and corrupt bias.

unbelievable.

Since: Aug 07

South Central Virginia

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#114958
May 7, 2012
 
Teddy R wrote:
<quoted text>
I don't misunderstand Keynesian economic theory at all. It is simply based upon government's presumed ability to step in and replace lagging private economic demand in a down-cycle to maintain economic growth with government spending.
These goo-goo romantic notions of yours about "helping out the poor little guy" with various forms of hand-outs have nothing to do with Keynesian economic theory - that's pure progressive foo-foo.
<quoted text>
So long as Government sticks to true public infrastructure investment, I have no strong objection - but when it comes to a fundamentally incompetent and dumb-azz government getting handy "assist(ing) business now or in the near future with more efficient, effective operations. assisting with the development of the infrastructure for NG, CNG and LNG ...(etc.)" please - business doesn't need incompetent help like this. Stick to public infrastructure that the private sector can't and won't do better.
<quoted text>
Not comparable at all. The fact that the UK (and they may thank God and Maggie Thatcher for their good fortune in this)- and ONLY the UK - retained control of its own currency puts them in a better position.
But money still doesn't grow on trees. And these governments are gonna have to pay their bills - they only way they do that is by cutting government spending and growing - or inflating - their way out of the hole.
Mark my words - Hollande will do nothing different than Sarkozy, for all his posturing about ending German-driven auterity. They have no choice, and they know it.
You shouold check what you think you know. How does government stimulate demand?

http://capitalisthero.com/Keynesian_Economics...

Why is a gas company going to put in a NG/CNG/LNG filling point when there are no vehicles to use the fuel? Why is a manufacturer going to go through development and pass the cost on to consumers for a vehicle that can not receive the fuel it was intended to use?

And if your plan did work, how long would it take?
Roger Edgar

AOL

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#114959
May 8, 2012
 

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Politics as Usual wrote:
<quoted text>
This is comical, but some of the left wing zealots actually believe this.
the fact is that obama is the worst president in the history of this country and one of the worst leaders in the history of the planet.
i can not even give him a grade because frankly he has not even earned an F-.
everything he has done has been exactly wrong except bin laden in which case he just went along with the military and even then he put in a memo to make sure that if things did go wrong he would be able to blame others.
this president is not a leader, real leaders don't lie about their accomplishments, or take credit for the work of others, and real leaders don't pass the buck and blame their own mistakes on other people.
but that is what this president does time after time,
he has destroyed our economy, he has buried us in debt,with his payoffs like the stimulus/kickback and the green jobs scams.
he has ripped this country apart, pitting man against woman, black against white, rich vs. poor,
and all the way he has time after time taken credit for others accomplishments.
Barack Obama is without a doubt the worst president in the history of America.
The Obama benefits from the Lefts failure to think things through. They get so excited about some social engineering thing that they wet themselves......all the while ignoring the Big Picture stuff where Obama proved incapable and ill prepared. That is the reason Biden planted that Gay Marriage stuff this week. It keeps weak minded people from focusing on Obama's failures.
joe

San Rafael, CA

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#114960
May 8, 2012
 
Adolf Hitler began suppressing the trade unions (along with Communists and Social Democrats) in Feb of 1933 as part of his rise to power. They would attack and ransack offices, steal equipment, beat up and imprison members(usually those in leadership roles).
Towards May of '33 the trade unions began to distance themselves from the Social Democrats to preserve themselves as an entity but on May 2nd the brownshirts and SS men occupied every trade union office affiliated with the Social Democrats, took control of the newspapers and periodicals of the trade unions and seized their banks.
Trade union officials in leadership roles were either sent to concentration camps or killed outright.
The Nazi's effectively destroyed any power the trade unions had and subjugated it for their own.

Source- The Coming of the Third Reich by Richard J. Evans
Dan Salazar

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#114961
May 8, 2012
 
joe wrote:
Adolf Hitler began suppressing the trade unions (along with Communists and Social Democrats) in Feb of 1933 as part of his rise to power. They would attack and ransack offices, steal equipment, beat up and imprison members(usually those in leadership roles).
Towards May of '33 the trade unions began to distance themselves from the Social Democrats to preserve themselves as an entity but on May 2nd the brownshirts and SS men occupied every trade union office affiliated with the Social Democrats, took control of the newspapers and periodicals of the trade unions and seized their banks.
Trade union officials in leadership roles were either sent to concentration camps or killed outright.
The Nazi's effectively destroyed any power the trade unions had and subjugated it for their own.
Source- The Coming of the Third Reich by Richard J. Evans
All true. And, the amazing thing is that they paid their public sector unions a fair wage not three times the going rate for the work like in soon to be insolvent obamacrat Calif.

Since: Aug 07

South Central Virginia

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#114962
May 8, 2012
 
joe wrote:
Adolf Hitler began suppressing the trade unions (along with Communists and Social Democrats) in Feb of 1933 as part of his rise to power. They would attack and ransack offices, steal equipment, beat up and imprison members(usually those in leadership roles).
Towards May of '33 the trade unions began to distance themselves from the Social Democrats to preserve themselves as an entity but on May 2nd the brownshirts and SS men occupied every trade union office affiliated with the Social Democrats, took control of the newspapers and periodicals of the trade unions and seized their banks.
Trade union officials in leadership roles were either sent to concentration camps or killed outright.
The Nazi's effectively destroyed any power the trade unions had and subjugated it for their own.
Source- The Coming of the Third Reich by Richard J. Evans
Sounds familiar to some of the things happening today, doesn't it?

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South Central Virginia

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#114963
May 8, 2012
 
Teddy R wrote:
<quoted text>
Was there a point hiding anywhere in that random burble of rhetorical questions?
If yes, it's not apparent.
Care to try stating a cogent point in clear terms, with supporting evidence to back it up?
Or was that a failed attempt to refute my earlier point, that Keynesian stimulus is erroneous policy in the present circumstances in the US? If so, it fails as a refutation also.
My point remains as stated - and unrefuted:
Keynesian stimulus is an erroneous policy response for the present US fiscal and economic situation - as 2008-2009 has clearly demonstrated. Two reasons:
1) Any Keynesian stimulus large enough to generate economic effect would have to be so large as to be beyond any realistic limits of political and fiscal feasibility - it's fantasy, and
2) Keynes himself would have to agree the evidence clearly shows Keynesian stimulus is ineffective in accelerating recovery from economic recessions resulting from fiscal crises arising from over-leveraged credit: EXACTLY the situation the US is in. Ken Rogoff, a leading authority in this field makes this one of the primary observations from his study of several centuries of financial crises - that government fiscal action doesn't have the ability to significantly shorten the deleveraging process.
Here's a particularly well-balanced article on the subject: http://www.washingtonpost.com/blogs/ezra-klei...
And please - spare us any comparisons with the Eurozone: as I've exhaustively shown previously, Europe's economic, financial, and currency structures, issues and problems are their own, and provide no sensible or useful guidance for the US. Mark my words - Sarkozy may be out in France, for example, but Hollande's economic and fiscal policies will remain indistinguishably different - it's all for show. They have NO CHOICE but to de-leverage and cut back on unsustainable government spending levels also.
TAANSTAFL, baby.
Tax cuts are stimulus and therefore Keynesian. Your right, they did not work and need to be done away with. Clinton raised taxes and created more jobs in one year than bush did in 8 years.

France and other countries have a choice, leave the Euro. Greece most likely will. The voters are turning away from austerity.

And yes, France and some other Euro nations while different still lend lessons to us. Austerity equals recession is an example. More people out of work, lower tax revenues, etc.....

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