Wasn't it a big mistake to let a rookie president have $800 billion to...

Sadcat

New member
It didn't work?

So the economy is destroyed?

Wow, could have fooled me.

And if I recall, Bush's stimulus was even bigger. He was no rookie, either.
 

FLSwampBoy

New member
You're still in denial on the issue and its actual details.

Also, I would have thought the 40% of the Stimulus going to tax cuts were appealing to the Right.

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Mark Zandi, chief economist of Moody’s Analytics and former Bush advisor -

"We find that the effects on real GDP, jobs, and inflation are huge, probably averting what would have been called Great Depression 2.0."

"For example, we estimate that, without the policy responses, GDP in 2010 would be about 6½% lower, payroll employment would be about 8½ million jobs lower, and the nation would now be experiencing deflation."

"our estimated effects of the fiscal stimulus policies alone are very substantial: In 2010, real GDP that is about 2% higher, an unemployment rate that is about 1½ points lower, and almost 2.7 million more jobs..."

"As Mr. Blinder and Mr. Zandi note, their estimates of the fiscal stimulus are similar to the estimates of others — including the Congressional Budget Office."

http://delong.typepad.com/sdj/2010/07/the-no-stimulus-baseline.html
http://thehill.com/blogs/blog-briefing-room/news/69923-cbo-stimulus-saved-or-created-as-many-as-16m-jobs
http://www.nytimes.com/2010/07/28/business/economy/28bailout.html

Study: Stimulus Created 3 Million Jobs, Added to GDP
http://www.wltx.com/news/story.aspx?storyid=95910
Stimulus created nearly 683,000 jobs in first quarter
http://money.cnn.com/2010/04/30/news/economy/stimulus_jobs/
Obama: Stimulus 'worked as intended' - Eamon Javers - POLITICO.com
http://blogs.wsj.com/washwire/2010/04/30/stimulus-jobs-rise-to-682779/
Federal stimulus brings 25000 Utah jobs in first quarter?
http://www.deseretnews.com/article/700025052/Federal-stimulus-brings-25000-Utah-jobs-in-first-quarter.html
Feds: Stimulus dollars created 11,000 Hawaii jobs
http://www.businessweek.com/ap/financialnews/D9F4B4PO4.htm
U.S. Creates 162000 Jobs in March - FOXBusiness.com
http://www.foxbusiness.com/story/markets/economy/creates--jobs-unemployment-rate-holds/
 
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