ObAMATEUR’s Stimulus Worked??? (Bumped)

The Chosen One, The Rockstar, the sort of a god, the one who sends chills up Matthew’s leg, the obAMATEUR has come up with the latest dumbed down talking point for his drones.  Are you ready?  The reason of the state of the economy and the latest down turn, he claims that this is  “evidence” that his stimulus plan worked … because as the “stimulus” is phased out, local governments are shedding jobs.  When in reality, the jobless rate steadily rose after the spendulus plan was passed – so much for the “jobs saved” talking point.

Amazing!

  • We have the worst unemployment picture since the Great Depression because Obama’s stimulus worked!
  • Over two million fewer people are working in private sector jobs in our economy because Obama’s stimulus worked!
  • We are still seeing record levels of foreclosures because the stimulus worked!

The only thing that the obAMATEUR’s stimulus plan is evidence of is that government spending does not induce a climate of economic prosperity, particularly in the private market.  The economy does not thrive when the government is making the economic choices, plus the federal government is taking $0.25 for every dollar the private sector generates.

But it was never obAMATEUR’s goal to boost the private sector but rather to keep unions, government workers and Democrat looters prosperous while non-unionites and the private sector individuals sweat it out.  So look around, America … this, what we are experiencing right now, is proof that the spendulus plan worked!  But which is it, two weeks ago he was saying that “the shovel ready jobs were not as shovel ready as he thought”.

Hmmmmmmm, it seems that the obAMATEUR is not sure himself or he needs new excuses for the coming election year.

UPDATE, by Mark Noonan:  More Obama success -from Bloomberg:

The dollar weakened against all its most-traded counterparts as Federal Reserve Chairman Ben S. Bernanke said policy makers will provide economic stimulus if needed and investor demand for higher-yielding assets increased.

The greenback fell the most in six months versus the euro as Bernanke said central bank is prepared to take additional action, including buying more government bonds, if the economy appears to be in danger of stalling…

If Obamunism worked then the economy wouldn’t be in danger of tanking and the Bernanke wouldn’t be firing up the printing presses.  Hope you all enjoyed the drop in gasoline prices this past month…because that is going to reverse itself right quick if Bernanke carries out his threat.

38 thoughts on “ObAMATEUR’s Stimulus Worked??? (Bumped)

  1. Mark Noonan's avatar Mark Noonan July 12, 2011 / 7:53 pm

    Sure it worked – like a charm; if your whole plan is just to reward your cronies. Now, if you were actually thinking of helping America, then you might try something different…

    • neocon1's avatar neocon1 July 12, 2011 / 8:01 pm

      It worked like the war on drugs, the great society, amnesty 1&2 , communism everywhere……Oh Wait!!

  2. MontyBurns's avatar MontyBurns July 12, 2011 / 8:10 pm

    “But it was never obAMATEUR’s goal to boost the private sector but rather to keep unions, government workers and Democrat looters prosperous while non-unionites and the private sector individuals sweat it out. ”

    Great talking point, tired.

    Uh-oh…now you’re gonna scream and cry because I pointed out your use of talking points.

    • neocon1's avatar neocon1 July 12, 2011 / 8:19 pm

      montypython

      No, we are all going to laugh at your talking points….
      NEXT DRONE?

    • Amazona's avatar Amazona July 12, 2011 / 8:23 pm

      Oh, goodie. Monty has gotten tired of wasting bandwidth with unsuccessful efforts to pose as a political commentator—something to do with the total lack of real politics in his posts, no doubt—-and is now just admitting to being nothing but a tacky little insult machine.

      Gotta stick with the only thing you love, eh, “Monty”?

      Me, I’m going with what Obama has illustrated to us, over and over again, which is (drumroll…) keeping unions, government workers and Democrat looters prosperous while non-unionites and the private sector individuals sweat it out.

      If he wants us to think something else, he has to do something else.

    • tiredoflibbs's avatar tiredoflibbs July 12, 2011 / 8:43 pm

      Monty (jeffy) if you had any intellectual honesty you would prove your claim. It is a sad FACT that obAMATEUR’s policy have benefitted government workers, unions and Democrats (The largest recipients of stimulus funds and other spending).

      http://www.ehow.com/facts_7246172_stimulus-bill-unions_.html

      You haven’t proven anything but whine. Remember, you also said that stating something simply doesn’t make it true. Now you will continue to regurgitate the same nonsense, talk in circular arguments and resort to attacks while throwing tantrums.

      • MontyBurns's avatar MontyBurns July 13, 2011 / 11:00 am

        “f you had any intellectual honesty you would prove your claim”

        If you had any intellectual honesty, you would prove yours. But not only do you not have any honesty, you labor under the delusion that believing something makes it true.

        You also labor under the delusion that you don’t mindlessly recite talking points; I suppose I should give you credit for proving that notion wrong.

      • tiredoflibbs's avatar tiredoflibbs July 13, 2011 / 11:54 am

        Monty screeches: “If you had any intellectual honesty, you would prove yours.”

        I did. I see you still read and hear what you want to and ignore the rest.

        Pathetic.

  3. dbschmidt's avatar dbschmidt July 12, 2011 / 9:13 pm

    Not sure if I am going to get terminated or not at this point as no one is sure where the cuts will be made; nevertheless, it is also against my nature to take handouts when I can earn my own way but Rep. Pelosi said that the best way to stimulate the economy is unemployment, welfare, & food stamps.

    Oh, the horror of indecision. If terminated, should I attempt to find gainful employment and once again be a producer and taxpayer or help out my country (once more) by becoming the King of Welfare? What would George Washington do as he was also asked on more than one occasion to help his beloved country.

  4. Cluster's avatar Cluster July 13, 2011 / 8:01 am

    Since Pelosi took office on January 20, 2007, the debt has increased by 60%, and unemployment has gone up by more than 3 percent. Coincidence?

  5. johngvert's avatar johngvert July 13, 2011 / 10:22 am

    Is he drunk?

  6. Cluster's avatar Cluster July 13, 2011 / 11:16 am

    The stimulus worked so well that the morons in charge are thinking about doing it again:

    http://www.cnbc.com/id/43739458

    1/20/13

  7. doug's avatar doug July 13, 2011 / 11:44 am

    I watched his speech/news conference and it was the same old stuff. That guy firmly believes that the only way to create jobs is for the government to do it. His solutions and gripes were for the feds to spend more money on building roads and railroads, and for the feds to send more money to the states so they could hire more teachers and police officers. I truly believe if someone told him that a small business owner could create a job, he would reply ‘only if the government gave him a grant to’.

    He tried really, really hard to frame the republicans as believing the only way to create jobs is to cut taxes on the wealthy. He couldn’t bring himself to say ‘reduce government regulation’….which of course would be the greatest stimulus ever created.

    • ragingbull's avatar ragingbull July 13, 2011 / 12:34 pm

      maybe “shovel ready” will be more “shovel ready” THIS time around.

      GTFO 2013

      • tiredoflibbs's avatar tiredoflibbs July 13, 2011 / 6:41 pm

        BS is always shovel ready.

  8. Amazona's avatar Amazona July 13, 2011 / 12:41 pm

    Hey, the “stimulus” worked for SOMEONE. We’ve got billions of dollars spent/missing and no one knows where the money has gone. Looks like SOMEONE’S accounts got “stimulated”.

    We need an audit.

  9. rpu3141's avatar rpu3141 July 13, 2011 / 2:43 pm

    All Government give a ways work for a brief time. So the WH says, give me more money (tax increases) and they’ll be more temporary good times. Then round 2 of taxes & give a ways – round 3,4,5 …. to infinity!

  10. Al's avatar Al July 13, 2011 / 2:43 pm

    Actually, the largest component of the Stimulus program was tax cuts

    So, given that you are all saying that the Stimulus was a failure, should we therefore conclude that tax cuts fail to stimulate the economy?

    • doug's avatar doug July 13, 2011 / 4:28 pm

      Well Al, I guess it really depends on the tax cuts. If the tax cuts were meant to induce small businesses to build things in this country so they can hire more workers…but they weren’t.

      There were $800 stimulus checks given to those who weren’t rich, likely spent paying off credit cards or going to WalMart to buy something made in China – well, I take that back, that $800 more than likely paid for the increase in the price of gas due to the lowering of the value of the dollar, went elsewhere.

      There were tax cuts associated with weatherizing your home, buying electric cars, cutting state sales tax on new cars and of course the $8000 homebuyer tax credit……again nothing there to want businesses to forego hiring a bunch of people in India or China at a fraction of the cost of hiring them here.

      Yes, there was the big tax cut for businesses to hire out of work unhireable employees…..if they were willing to hire them, the govt. would help them offset that price a little…. again not enough to convince them not to go elsewhere.

      Lots of tax cuts for companies to put in wind farms, purchased from China…..the only problem is that all the other companies see their energy prices go up a ton because that wind energy is so much more expensive.

      The big ‘tax cut’ of allowing companies to expense depreciable items…..is a smoke and mirrors thing. It really is just a way for businesses to transfer their tax liability from this year to the next couple years, so in effect it actually is an inverse of stimulus in the 2nd through 5th years, creating a dependency for the businesses that when it is taken away will be even worse.

      Tax cuts work, but as long as the government thinks they can target them for social engineering, they will not. It’s simple, reduce the income tax on corporations and businesses to ZERO. That is what needs done. Their income will be taxed at the individual rate, and those businesses will have pressure to grow or reinvest from their owners.

    • tiredoflibbs's avatar tiredoflibbs July 13, 2011 / 6:47 pm

      The “tax cuts” were not “tax cuts” as you would normally think.

      Many “cuts” came in the form of credits for you to buy energy efficient appliances, windows, cars, etc. etc. but you had qualify for it once purchased. You had to spend $20K – $30K on a hybrid for a $3500 tax credit.

      There were no tax cuts in the traditional sense. That talking point was very misleading.

    • MontyBurns's avatar MontyBurns July 13, 2011 / 7:10 pm

      The massive, umitigated failure of the Bush tax cuts should’ve been instructive to wingers. Should’ve, but wasn’t. Despite failure after failure, wingers continue to mindlessly spout the talking point that tax cuts are necessary no matter what the economic conditions. It’s pretty pathetic, really. But it also underscores the uselessness of talking to conservatives about economic matters: They don’t see tax cuts as a means to an end, they see tax cuts as the end itself.

      • tiredoflibbs's avatar tiredoflibbs July 13, 2011 / 7:53 pm

        More talking points there Monty (jeffy). You used them before why repeat them again???

        Yes, they were such a failure that obAMATEUR thought is necessary to extend them at the beginning of the year. Reality once again flies in the face of your delusions. No wonder reading comprehension is foreign to you. You can’t seem to grasp any facts no matter who presents them.

        Again, there have been dozens of links posted by myself and others proven your talking points are lies, spin and half-truths.

        And yet, you post NOTHING! You always say that repeating stuff over and over doesn’t make it true. Among your lack of reading comprehension, projection and not following your own talking points are not your strong points. As Timmy the Tax Cheat says, “It sucks to be you!”

      • MontyBurns's avatar MontyBurns July 13, 2011 / 9:34 pm

        Yeah, it was definitely a mistake for Obama to try to compromise with Republicans by extending the Bush tax cuts. Glad you agree. But you still need to grasp just how much of a failure the Bush tax cuts were. Because boy, were they a failure. As supply-side economics typically is. But you’ve got your talking points, and you’re too dumb to have anything else, so here we are.

        Moderator: Again, you prove nothing but regurgitate nonsense and delusions. You show no proof plus you lie. ObAMATEUR did not compromise with the Republicans HE CAVED – he extended ALL OF THEM when before he first pushed for extending only those making less than $250K!!!

        Then you degrade into your usual insults and attacks. If mine are talking points then they should be easily disproved and you would have no problem posting your proof. Otherwise you are just a troll, a useful idiot, a drone. Again, stop dodging, insulting and begin debating – you embarrass yourself further.

        Pathetic jeffy really pathetic.

      • MontyBurns's avatar MontyBurns July 14, 2011 / 1:02 pm

        So you’re mocking Obama for “caving” to Republicans and then having that plan–the Republican plan–fail? Wow. I didn’t even try to get you to shoot yourself in the foot, and you did it anyway. You’re way too easy, tired.

        Moderator: Mocking? Who’s mocking? After grandstanding to letting the tax-cuts expire, he caved! No mocking, just a statement of FACT. Again, your delusions and lack of reading comprehension and reading and believing only what you want to has made my argument for me!!!

        Oh, and your talking points have been disproven. You can read all about the massive, unmitigated failure of the Bush tax cuts here: http://www.slate.com/id/2296578/

        Mderator: The Slate???? You’re kidding right? A left-wing site? Oh, please, you might as well use Move-On.org! We have used sources from the IRS.gov to prove our arguments! You added that little detail to mislead your argument – you know where the tax cuts had to be 100% successful or it is a complete failure. But to the obAMATEUR he just has to be 1% correct to have complete success. Remember, the stimulus? It did not do “everything it was touted to do”, but yet you drones chant on and on of it success. You are so predictable!!!

        But you won’t. Instead, you’ll freak out, attack the source, and double down on your pathetic talking points. You just can’t bear to face reality because you’re too intellectually stunted and cowardly.

        I don’t have to “double-down” – ANOTHER FAVORED LIBERAL TALKING POINT – you argue against sources like that constantly. You still have not proven anything nor presented a coherent argument other than regurgitating dumbed down talking points from liberal websites for the weak minded.

        Try again, drone.

      • MontyBurns's avatar MontyBurns July 16, 2011 / 1:48 am

        Here’s what I predicted you’d do:

        “Instead, you’ll freak out, attack the source, and double down on your pathetic talking points. ”

        And that is exactly what you did.

        Moderator: Why are you so surprised? I just used your own tactics against you! You easily dismiss sources from CATO or the Heritage foundation or polls from Rasmussen with a wave of the hand – no counter arguments or supporting data. The problem is you used a source that has massive liberal spin behind it. While we have used the IRS and other government statistics from their respective agencies to prove that the tax cuts worked.

        It’s like I can see into the future!

        Moderator: No, you can only see what you ate last.

        Except that, just like I said, you just can’t bear to face reality because you’re too intellectually stunted and cowardly. So it’s no big deal at all to predict what you’ll say.

        All you ever do is prove me right. I almost feel guilty about playing you so easily.

        Moderator: You still end up back where you started – not proving a thing after endless words of mental diarrhea then finally resorting to personal attacks. Last chance – debate or go away.

      • MontyBurns's avatar MontyBurns July 17, 2011 / 1:14 pm

        Moderator: More personal attacks and no debate. Pathetic.

        So when you do it, it is valid. When when we do it, we are intellectually stunted?

        Ok, just making sure I have the liberal playbook down.

      • MontyBurns's avatar MontyBurns July 18, 2011 / 1:23 pm

        Moderator: Again repeats himself with the usual attacks and runs from debate.

    • neocon1's avatar neocon1 July 14, 2011 / 7:56 am

      p-al

      study – then get back Moron

  11. ragingbull's avatar ragingbull July 13, 2011 / 8:30 pm

    so someone explain to me how raising taxes helps stimulate the economy. please provide detailed proof.

    • tiredoflibbs's avatar tiredoflibbs July 14, 2011 / 7:53 pm

      Don’t expect an answer from Monty(jeffy).

      You will only get – “that is a talking point”.

      Nothing more – well, besides the personal attacks.

  12. Cluster's avatar Cluster July 13, 2011 / 10:29 pm

    But you still need to grasp just how much of a failure the Bush tax cuts were. Because boy, were they a failure. As supply-side economics typically is. But you’ve got your talking points, and you’re too dumb to have anything else, so here we are. – Monty

    See at this point, one would usually post the proof, and said facts of asserted failure. However, with Monty, this is where he stops. And not just on this issue, but every issue. It’s not difficult to see what we are dealing with here.

    • tiredoflibbs's avatar tiredoflibbs July 14, 2011 / 8:08 pm

      Monty(jeffy) post proof? Are you serious? obAMATEUR will make a coherent speech without a teleprompter before Monty(jeffy) will do so.

  13. dennis's avatar dennis July 14, 2011 / 1:52 am

    It’s really fascinating how people on this blog hold small business and job creation to be some kind of magical elixir that can be killed by higher taxes on the wealthiest or removing tax loopholes for corporations.

    Cluster has said over and over that economics is not a zero-sum game, implying that there is an endless amount of money to be made if anyone is not lazy, and enterprising enough to make their own tap into the rich sap flowing up the economic maple tree (okay, that may be a colorful metaphor but it seems to be the essence of what he believes). Become a small business person and suddenly – magically, even – you are a wealth creator.

    I hate to be a downer but that ain’t the way it is in real life. Some small businesses work very well because they provide an essential product or service. My brother-in-law owns a highly successful pallet company in Indiana (wooden pallets used in shipping) – in the middle of a manufacturing and trucking region that relies on pallets for nearly everything that goes in and out of every factory. It was started by his dad in the 60s who recycled wooden pallets using a hammer and crowbar. Now it’s a multi-million dollar business that employs a couple dozen people. He works like a dervish 12-15 hours a day and has earned every bit of his fancy house and his Corvette and his wife’s Cadillac.

    But not everyone can do what he does. A region can only support so many pallet companies or caterers or commercial photographers or chiropractors. There is a finite number of people who need these products and services, and when supply exceeds demand any newcomer trying to set up shop is going to fail. Sure, if you have entrepreneurial skills you can position yourself as the cheapest guy in town and steal a certain amount of business from the other guy – but that only works just so well for so long, and sure as heck doesn’t create wealth.

    The greater problem is, not everybody is or should be an entrepreneur. There have to be skilled workers in any of a thousand services every society relies on to function. Bakers, machinists, aestheticians, assembly-line workers, screen printers. But those services pay less and workers are valued less, to the point where few workers are even hired in right-to-work states. Instead they work for an employment agency that contracts with the actual business where the person goes to work. That way the business pays no benefits, the worker has no insurance or protection of any kind and the middleman (employment agency) skims off a share of the actual value created by the worker, who is the ultimate chump in the whole process.

    This scenario makes a joke of the idea of honest work. The person with a good work ethic who in the 1950s could support a family of 4 or 5 with an honest day’s work would be lucky to pay for a studio apartment and grocery bills today, forget about a car or health insurance. The disparity in wages between workers and executives is now an obscene chasm – yet without those workers the executives would have nothing at all. But the GOP philosophy is to reward those executives and empower the structure that creates that disparity that erodes the middle class like a cancer in America. All in the name of “job creation” – what a joke.

    How about rewarding the people who actually create the wealth – the WORKERS, not the executives? How about providing them with some protections through collective bargaining? How about stripping corporations of the constitutional rights of individuals, and giving those rights back to real people? After all, individual people are subject to the penalty of laws while corporations generally don’t get held accountable for anything.

    But you guys have this mythology about corporations and wealth creation and free enterprise – let me inform you that free enterprise <em.does not exist when unlimited wealth can purchase immunity from all laws and regulation, put your HQ offshore so you won’t owe a dime in taxes. Free enterprise will return when corporations are held in check by meaningful regulation and significant taxation, to give back to the nation something in return for the enormous advantages of the economies of scale. I could go on, but won’t. It’s been a while since I’ve been here and I doubt anyone here gives a damn about reality anyway. Go to your New Testament and read James 5, and have a great night’s sleep.

    • tiredoflibbs's avatar tiredoflibbs July 14, 2011 / 6:26 am

      denny: “This scenario makes a joke of the idea of honest work. The person with a good work ethic who in the 1950s could support a family of 4 or 5 with an honest day’s work would be lucky to pay for a studio apartment and grocery bills today, forget about a car or health insurance.”

      Yes but you did not have the high costs of health insurance, food, energy, rent, mortgage, homes, etc. etc. due to government induced inflation and mandates for “fairness”, social experiments and other such social engineering. Tax rates were much higher for the so-called “executives”, but they had legitimate deductions to reduce there tax burden. While their tax rates have been reduced, those deductions and “loop-holes” have disappeared. So that talking point, “taxes were higher then than now” does not apply.

      Small businesses do more to employ people in this country than does major corporations. The problem is that obAMATEUR and the looting democrats want to raise taxes on “millionaires” and “billionaires” – it makes good talking points for the ignorant masses – but in reality they are looking to raise taxes on those that make $250K. Those are the small business owners who employ the vast majority in this country.

      “I hate to be a downer but that ain’t the way it is in real life. Some small businesses work very well because they provide an essential product or service.”

      They work, but if government keeps getting in the way of the free market, they won’t as well as they could. Their success is what determines how many they employ and what benefits they will provide.

      If the liberals got out of the way and stop their social engineering and experiments and let the system work as it had in the 50s then we could realized those benefits you claim were there. But in reality, liberals are too concerned of their political power and control and destroy those benefits we had before.

      Is short, there are those that say “you have made enough money” and they want what they think is fair and redistribute it for “fairness” (when in reality it is to seal their power by buying votes). Your brother-in-law would be working for others 14-15 hours a day because some politician thinks it is not fair that he has so much while someone doesn’t. When is “too much” actually “too much” and who will determine that?

      I don’t see the millionaire and billionaire lib politician giving away his/her fortunes because “they have too much”. As we have seen, many in obAMATEUR’s administration are tax-cheats.

  14. dennis's avatar dennis July 14, 2011 / 2:14 am

    More worthwhile food for thought –

    Of course I expect Kristoff’s insight to be shat upon for no other reason than it bucks the house ideology, as does nearly every piece of commentary from anyone outside the circle of Koolaid drinkers here.

    • neocon1's avatar neocon1 July 14, 2011 / 8:00 am

      dennistooge

      speaking of loolaid drinkers stooge you fit the mold 100% and think God is on your side.
      PATHETIC

    • Cluster's avatar Cluster July 14, 2011 / 8:07 am

      denny,

      What I mean by a zero sum game is that if someone does make money, it doesn’t mean that someone else had to lose that money. Meaning that they did not take it from someone else, so the rich in our society are not rich because they took money from the poor, as is often asserted by liberals. Many business’s do fail, but the beauty of America is that you can try again, and small business’s are the heart of this country, and responsible for most of the created employment and vital to our communities.

      Secondly, many “workers” are paid well, have good benefits, and don’t aspire to be rich. I have a good friend who has worked as a produce manager for a small chain of stores here in the Valley, and is very comfortable with his position, income and life. He doesn’t make a lot of money, but he has a set schedule, good benefits, good vacation time, and has no desire to look elsewhere. Go you consider him to be a success? Or do you consider him to be taken advantage of by the owner of the company, who makes a lot more than he does?

      Liberals really need to get over their class envy disease.

      • neocon1's avatar neocon1 July 14, 2011 / 8:14 am

        Liberals really need to get over their class envy disease.

        marxist/socialism breeds class envy.
        it is how they gain and maintain power, that is what it is all about for them.
        they need villains and victims.
        Unions prove this and produce nothing in return.

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