Comparing the Obama Administration’s Stimulus Promises with What Was Delivered

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    Aug 28, 2012 10:02 PM GMT
    And they wanted to spend even more deficit funds on stimulus...

    OBAMAUNEMPLOYMENTFAILCHART.jpg
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    Aug 28, 2012 10:09 PM GMT
    http://pjmedia.com/rogerkimball/2012/08/28/what-counts-as-failure/

    High up along one wall at the Forum is a huge digital display on which the federal debt ticks its way toward $16 trillion. That by itself ought to be enough to assure the defeat of Barack Obama, but in really it is merely one data point in a litany of failure. Last night at dinner, I expressed my surprise to a friend that the polls were as close as they were. By any factual measure, I said, Obama’s administration had been an extraordinary failure. Median household income had plummeted nearly 5 percent since 2009, the year Obama promised that, if only Congress would approve the stimulus package, he would have the unemployment rate down to 5.6 percent by now, the summer of 2012, by which time he would also have halved the annual deficit. Et very much cetera. The only promise I can think of that Obama has kept is to make energy prices ‘skyrocket.’ That he has well and truly accomplished. But otherwise, I asked as I made my way through the Caprese Salad, hasn’t his record been abysmal? And doesn’t this mean the polls should point to an overwhelming victory for Romney?
  • Webster666

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    Aug 28, 2012 10:20 PM GMT
    YEH, LOOK WHAT WE COULD HAVE DONE, IF WE COULD HAVE CONVINCED THE REPUBLICANS IN CONGRESS THAT THE ECONOMY AND THE AMERICAN PEOPLE WERE MORE IMPORTANT THAN THEIR OBSTRUCTIONIST POLITICS.
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    Aug 28, 2012 10:27 PM GMT
    Webster666 saidYEH, LOOK WHAT WE COULD HAVE DONE, IF WE COULD HAVE CONVINCED THE REPUBLICANS IN CONGRESS THAT THE ECONOMY AND THE AMERICAN PEOPLE WERE MORE IMPORTANT THAN THEIR OBSTRUCTIONIST POLITICS.


    Lol yep. Cuz a lack of accountability in spending has always worked out so well... icon_rolleyes.gif

    The graph speaks for itself. This was based on what the Obama Administration agreed would be necessary and knew what it had to work with. Your claims are specious at best - ridiculous and delusional at worst.
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    Aug 28, 2012 10:48 PM GMT
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    Aug 28, 2012 10:58 PM GMT
    THANK YOU RIDDLER !!


    YOU'RE GIVING US A GREAT LIST OF THE SUCCESS FROM THE REPUBLICAN PARTY OF NO, WHOSE GOAL IT WAS TO STOP, BLOCK, FRUSTRATE, LIE ABOUT OR FILIBUSTER TO "MAKE OBAMA A ONE TERM PRESIDENT"

    ALL AGAINST THE GOOD OF THE PUBLIC TO WIN POLITICALLY,


    BUT YOU FOOL GAY REPUBLICANS BE SURE TO VOTE ROMNEY, HE AND HIS CHRISTIAN FUNDI'S HAVE YOUR BACKS AND THE BACKS OF THE ELDERLY AND THE POOR. YESIREEEEE !!! VOTE REPUBLICAN
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    Aug 28, 2012 11:33 PM GMT
    riddler78 said
    Webster666 saidYEH, LOOK WHAT WE COULD HAVE DONE, IF WE COULD HAVE CONVINCED THE REPUBLICANS IN CONGRESS THAT THE ECONOMY AND THE AMERICAN PEOPLE WERE MORE IMPORTANT THAN THEIR OBSTRUCTIONIST POLITICS.


    Lol yep. Cuz a lack of accountability in spending has always worked out so well... icon_rolleyes.gif

    The graph speaks for itself. This was based on what the Obama Administration agreed would be necessary and knew what it had to work with. Your claims are specious at best - ridiculous and delusional at worst.


    Actually the recession was much deeper than analysts said in 2008/2009. Further, 40% of the stimulus was tax cuts which didn't apparently help anyone. And, lastly, the Republicans obstructionism has even been called out by hard-right conservatives from the American Enterprise Institute like Norm Ornstein:

    http://www.aei.org/book/politics-and-public-opinion/its-even-worse-than-it-looks/
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    Aug 29, 2012 12:49 AM GMT
    Christian73 said
    riddler78 said
    Webster666 saidYEH, LOOK WHAT WE COULD HAVE DONE, IF WE COULD HAVE CONVINCED THE REPUBLICANS IN CONGRESS THAT THE ECONOMY AND THE AMERICAN PEOPLE WERE MORE IMPORTANT THAN THEIR OBSTRUCTIONIST POLITICS.


    Lol yep. Cuz a lack of accountability in spending has always worked out so well... icon_rolleyes.gif

    The graph speaks for itself. This was based on what the Obama Administration agreed would be necessary and knew what it had to work with. Your claims are specious at best - ridiculous and delusional at worst.


    Actually the recession was much deeper than analysts said in 2008/2009. Further, 40% of the stimulus was tax cuts which didn't apparently help anyone. And, lastly, the Republicans obstructionism has even been called out by hard-right conservatives from the American Enterprise Institute like Norm Ornstein:

    http://www.aei.org/book/politics-and-public-opinion/its-even-worse-than-it-looks/


    I can't tell if you're delusional or are just desperate to find any excuse for this Administration. There was significant cooperation in the handover at and at the height of the crisis and this was what was proposed and accepted by the current Administration. Even your link doesn't even make the claim you say it does.

    The reality is that the response made things worse and it is Americans who will be paying for the aftermath for decades to come.
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    Aug 29, 2012 12:54 AM GMT
    Desperation strikes again:
    http://www.realjock.com/gayforums/2636892

    The problem with these arguments are that they're wrong. The stimulus was already considerably larger than previous ones. While it's true that it created some jobs, the argument that it was better than if none had existed is eviscerated by the evidence presented by the Obama Administration in arguing for the stimulus to begin with.

    Where was the obstructionism in the spending? You mean spending on things like Solyndra?
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    Aug 29, 2012 1:00 AM GMT
    riddler78 said
    Christian73 said
    riddler78 said
    Webster666 saidYEH, LOOK WHAT WE COULD HAVE DONE, IF WE COULD HAVE CONVINCED THE REPUBLICANS IN CONGRESS THAT THE ECONOMY AND THE AMERICAN PEOPLE WERE MORE IMPORTANT THAN THEIR OBSTRUCTIONIST POLITICS.


    Lol yep. Cuz a lack of accountability in spending has always worked out so well... icon_rolleyes.gif

    The graph speaks for itself. This was based on what the Obama Administration agreed would be necessary and knew what it had to work with. Your claims are specious at best - ridiculous and delusional at worst.


    Actually the recession was much deeper than analysts said in 2008/2009. Further, 40% of the stimulus was tax cuts which didn't apparently help anyone. And, lastly, the Republicans obstructionism has even been called out by hard-right conservatives from the American Enterprise Institute like Norm Ornstein:

    http://www.aei.org/book/politics-and-public-opinion/its-even-worse-than-it-looks/


    I can't tell if you're delusional or are just desperate to find any excuse for this Administration.
    The 'delusion' is all yours, riddletwit.icon_wink.gif
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    Aug 29, 2012 3:02 AM GMT
    http://www.zerohedge.com/news/16oooooooooooobama

    November 16, 2011 was a historic date: that's when the US officially surpassed $15 trillion in debt for the first time since World War 2. We celebrated it by cheering $15,OOO,OOO,OOO,OOOBAMA. Today, August 28, 2012, is when we can unofficially celebrate again, because 286 days after the last major milestone was surpassed with disturbing ease, total US debt following today's $35 billion auction of 2 Year bonds is, well, in a word: $16,OOO,OOO,OOO,OOOBAMA!
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    Aug 29, 2012 1:06 PM GMT
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    Aug 29, 2012 1:15 PM GMT
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    Aug 29, 2012 1:17 PM GMT
    More big U.S. companies are reincorporating abroad despite a 2004 federal law that sought to curb the practice. One big reason: Taxes.

    http://online.wsj.com/article/SB10000872396390444230504577615232602107536.html?mod=ITP_marketplace_0

    Despite '04 Law, Companies Reincorporate Overseas, Saving Big Sums on Taxes

    More big U.S. companies are reincorporating abroad despite a 2004 federal law that sought to curb the practice. One big reason: Taxes.

    Companies cite various reasons for moving, including expanding their operations and their geographic reach. But tax bills remain a primary concern. A few cite worries that U.S. taxes will rise in the future, especially if Washington revamps the tax code next year to shrink the federal budget deficit.

    "We want to be closer to where our clients are," says David Prosperi, a spokesman for risk manager Aon AON -0.08% plc, which relocated to the U.K. in April.

    Aon has told analysts it expects to reduce its tax rate, which averaged 28% over the past five years, by five percentage points over time, which could boost profits by about $100 million annually.

    Since 2009, at least 10 U.S. public companies have moved their incorporation address abroad or announced plans to do so, including six in the last year or so, according to a Wall Street Journal analysis of company filings and statements. That's up from just a handful from 2004 through 2008.

    The companies that have moved recently include manufacturer Eaton Corp., ETN -1.16% oil firms Ensco International Inc. ESV +0.81% and Rowan Cos., RDC -0.65% as well as a spinoff of Sara Lee Corp. called D.E. Master Blenders 1753.

    Eaton, a 101-year-old Cleveland-based maker of components and electrical equipment, announced in May that it would acquire Cooper Industries PLC, another electrical-equipment maker that had moved to Bermuda in 2002 and then to Ireland in 2009. It plans to maintain factories, offices and other operations in the U.S. while moving its place of incorporation—for now—to the office of an Irish law firm in downtown Dublin.
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    Aug 29, 2012 1:22 PM GMT
    A pretty consistent theme - but a good comparison to the incumbent:

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    Aug 29, 2012 1:30 PM GMT
    Riddler, give us a break !! For christ sake you don't live here to see first hand what is going on, all you're doing is parroting partisan bullshit that has been debunked time and again.

    The better share of Republicans declaring Obama's stimulus a failure had their hands out for that very stimulus for their districts. Ryan is a great example of this. Just because you keep repeating this crap does not make it so.

    Please explain to us your interest in promoting this one sided partisan agenda ? Maybe you've read Ayn Rand and are like Ryan who swallowed her Ideas hook line and sinker, I don't know but this is getting really tiresome.
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    Aug 29, 2012 1:34 PM GMT
    realifedad said Riddler, give us a break !! For christ sake you don't live here to see first hand what is going on, all you're doing is parroting partisan bullshit that has been debunked time and again.

    The better share of Republicans declaring Obama's stimulus a failure had their hands out for that very stimulus for their districts. Ryan is a great example of this. Just because you keep repeating this crap does not make it so.

    Please explain to us your interest in promoting this one sided partisan agenda ? Maybe you've read Ayn Rand and are like Ryan who swallowed her Ideas hook line and sinker, I don't know but this is getting really tiresome.


    Debunked? Only if you're delusional. The stimulus *was* a failure in that it did not deliver as promised - in fact far from it. It created jobs as anticipated but at what cost particularly given the alternatives? How did Solyndra work out? I mean it did create jobs for a period. Not to mention any number of the other DOE loans.

    Turnabout: "Just because you keep repeating this crap does not make it so."
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    Aug 29, 2012 1:35 PM GMT
    The drumbeat of reality continues...

    "US Consumer Confidence Tumbles to 9-Month Low"

    http://www.cnbc.com/id/48811939

    U.S. consumer confidence unexpectedly weakened in August to its lowest in nine months as Americans turned more pessimistic about the short-term outlook, according to a private sector report released on Tuesday.

    The Conference Board, an industry group, said its index of consumer attitudes fell to 60.6 from a downwardly revised 65.4 the month before. Economists had expected an increase to 66, according to a Reuters poll.

    It was the lowest level since November. July was originally reported as 65.9.

    "Consumers were more apprehensive about business and employment prospects, but more optimistic about their financial prospects despite rising inflation expectations," said Lynn Franco, director of The Conference Board Consumer Research Center, in a statement.

    The expectations index tumbled to 70.5 from 78.4, while the present situation index edged down to 45.8 from 45.9.

    Consumers' labor market assessment was mixed. The "jobs hard to get" index eased to 40.7 percent from 41 percent but the "jobs plentiful" index also declined to 7 percent from 7.8 percent.

    Consumers were more concerned about price increases, with expectations for inflation in the coming 12 months climbing to 5.9 percent from 5.4 percent.
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    Aug 29, 2012 1:41 PM GMT
    Meanwhile, in attempting to bury some of the effects of his energy policies... the Obama Administration is considering opening up the Strategic Oil Reserves:

    http://www.bloomberg.com/news/2012-08-28/strategic-oil-reserve-is-for-emergencies-and-not-elections-view.html

    There are few things a U.S. president hates more than gasoline at $4 a gallon, especially with an election little more than two months away.
    This might explain why President Barack Obama’s administration is toying with the idea of releasing oil from the Strategic Petroleum Reserve, an underground reservoir that can store 727 million barrels of crude oil in salt caverns in Texas and Louisiana. Gasoline prices have risen to about $3.75, up 40 cents in the past two months, near the electoral trouble zone.

    The causes of the rise are varied. Economic sanctions on Iran have reduced world oil supplies, providing one rationale floated this month by the White House for dipping into the reserve. An explosion at a Venezuelan oil refinery provided another before Hurricane Isaac came along to underscore the point. As of Tuesday afternoon, Isaac had temporarily closed refineries representing 6.7 percent of U.S. production.

    The reserve is supposed to be used only in the event of a “severe energy supply interruption” or “domestic or international energy supply shortages of significant scope or duration.” None of the current disruptions meet either standard. Even the International Energy Agency, which helps manage global energy supplies and usage, said there is no need to tap crude reserves at this point.


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    Aug 29, 2012 1:56 PM GMT
    riddler78 said
    realifedad said Riddler, give us a break !! For christ sake you don't live here to see first hand what is going on, all you're doing is parroting partisan bullshit that has been debunked time and again.

    The better share of Republicans declaring Obama's stimulus a failure had their hands out for that very stimulus for their districts. Ryan is a great example of this. Just because you keep repeating this crap does not make it so.

    Please explain to us your interest in promoting this one sided partisan agenda ? Maybe you've read Ayn Rand and are like Ryan who swallowed her Ideas hook line and sinker, I don't know but this is getting really tiresome.


    Debunked? Only if you're delusional. The stimulus *was* a failure in that it did not deliver as promised - in fact far from it. It created jobs as anticipated but at what cost particularly given the alternatives? How did Solyndra work out? I mean it did create jobs for a period. Not to mention any number of the other DOE loans.

    Turnabout: "Just because you keep repeating this crap does not make it so."





    Where's your graph/charts for the results of the Party of no blocking everything they could for the sake of "MAKING OBAMA A ONE TERM PRESIDENT" ? McConnel said that was the Republican Party's primary goal, so your posts are doing nothing but showing their near success in bringing about as many failures as possible. This is yet another example of Republicans causing a problem then blaming the victims for Political gain, the American public certainly didn't gain by Republican efforts, AND YOU'RE PROUD OF THAT ??

    Where's all the jobs from Republican promises of Jobs for tax cuts for the wealthy ?


    Be sure to get back to us when you find a graph showing the results of Republican intransigence, until then these partisan graphs and charts do not give a full picture. GOOD LUCK FINDING ONE !!


    Again repeating this partisan BS does not make it so.
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    Aug 29, 2012 1:58 PM GMT
    realifedad said
    riddler78 said
    realifedad said Riddler, give us a break !! For christ sake you don't live here to see first hand what is going on, all you're doing is parroting partisan bullshit that has been debunked time and again.

    The better share of Republicans declaring Obama's stimulus a failure had their hands out for that very stimulus for their districts. Ryan is a great example of this. Just because you keep repeating this crap does not make it so.

    Please explain to us your interest in promoting this one sided partisan agenda ? Maybe you've read Ayn Rand and are like Ryan who swallowed her Ideas hook line and sinker, I don't know but this is getting really tiresome.


    Debunked? Only if you're delusional. The stimulus *was* a failure in that it did not deliver as promised - in fact far from it. It created jobs as anticipated but at what cost particularly given the alternatives? How did Solyndra work out? I mean it did create jobs for a period. Not to mention any number of the other DOE loans.

    Turnabout: "Just because you keep repeating this crap does not make it so."





    Where's your graph/charts for the results of the Party of no blocking everything they could for the sake of "MAKING OBAMA A ONE TERM PRESIDENT" ? McConnel said that was the Republican Party's primary goal, so your posts are doing nothing but showing their near success in bringing about as many failures as possible. This is yet another example of Republicans causing a problem then blaming the victims for Political gain, the American public certainly didn't gain by Republican efforts, AND YOU'RE PROUD OF THAT ??

    Where's all the jobs from Republican promises of Jobs for tax cuts for the wealthy ?


    Be sure to get back to us when you find a graph showing the results of Republican intransigence, until then these partisan graphs and charts do not give a full picture. GOOD LUCK FINDING ONE !!


    Again repeating this partisan BS does not make it so.


    Except that there are none of the above. This was a series of stimulii that is owned by this Administration. The spending was controlled by this Administration and it was certainly within his prerogative not to spend it. But do please try again...

    The excuses that keep getting invented for the Obama Administration are really kind of transparently ridiculous.
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    Aug 29, 2012 2:13 PM GMT
    riddler78 said
    realifedad said
    riddler78 said
    realifedad said Riddler, give us a break !! For christ sake you don't live here to see first hand what is going on, all you're doing is parroting partisan bullshit that has been debunked time and again.

    The better share of Republicans declaring Obama's stimulus a failure had their hands out for that very stimulus for their districts. Ryan is a great example of this. Just because you keep repeating this crap does not make it so.

    Please explain to us your interest in promoting this one sided partisan agenda ? Maybe you've read Ayn Rand and are like Ryan who swallowed her Ideas hook line and sinker, I don't know but this is getting really tiresome.


    Debunked? Only if you're delusional. The stimulus *was* a failure in that it did not deliver as promised - in fact far from it. It created jobs as anticipated but at what cost particularly given the alternatives? How did Solyndra work out? I mean it did create jobs for a period. Not to mention any number of the other DOE loans.

    Turnabout: "Just because you keep repeating this crap does not make it so."





    Where's your graph/charts for the results of the Party of no blocking everything they could for the sake of "MAKING OBAMA A ONE TERM PRESIDENT" ? McConnel said that was the Republican Party's primary goal, so your posts are doing nothing but showing their near success in bringing about as many failures as possible. This is yet another example of Republicans causing a problem then blaming the victims for Political gain, the American public certainly didn't gain by Republican efforts, AND YOU'RE PROUD OF THAT ??

    Where's all the jobs from Republican promises of Jobs for tax cuts for the wealthy ?


    Be sure to get back to us when you find a graph showing the results of Republican intransigence, until then these partisan graphs and charts do not give a full picture. GOOD LUCK FINDING ONE !!


    Again repeating this partisan BS does not make it so.


    Except that there are none of the above. This was a series of stimulii that is owned by this Administration. The spending was controlled by this Administration and it was certainly within his prerogative not to spend it. But do please try again...

    The excuses that keep getting invented for the Obama Administration are really kind of transparently ridiculous.




    -----------------------------------------------------------------------------------


    Be sure to get back to us with those graphs I mention, with facts about the effects of the Party of NO on reducing the effectiveness of the Dems efforts on behalf of the American Public.

    Keep in mind that in spite of all the Republican tactics to stall progress and good results from Obama's efforts, his 3 year record of job creation is still better than 8 years of BUSHANOMICS and War expenses.


    Search hard for that information if such fair comparisons are even available, Lots of luck !!!

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    Aug 29, 2012 2:18 PM GMT


    Here, topic title fixed:


    Comparing the Obama Administration’s Stimulus Promises with What Was Delivered Because Of GOP Obstructionist Tactics.

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    Aug 29, 2012 2:19 PM GMT
    meninlove said

    Here, topic title fixed:


    Comparing the Obama Administration’s Stimulus Promises with What Was Delivered Because Of GOP Obstructionist Tactics.



    Except that would be an inaccurate title given the lack of evidence and the fact that this was the stimulus program that was agreed to.
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    Aug 29, 2012 2:20 PM GMT
    realifedad said
    riddler78 said
    realifedad said
    riddler78 said
    realifedad said Riddler, give us a break !! For christ sake you don't live here to see first hand what is going on, all you're doing is parroting partisan bullshit that has been debunked time and again.

    The better share of Republicans declaring Obama's stimulus a failure had their hands out for that very stimulus for their districts. Ryan is a great example of this. Just because you keep repeating this crap does not make it so.

    Please explain to us your interest in promoting this one sided partisan agenda ? Maybe you've read Ayn Rand and are like Ryan who swallowed her Ideas hook line and sinker, I don't know but this is getting really tiresome.


    Debunked? Only if you're delusional. The stimulus *was* a failure in that it did not deliver as promised - in fact far from it. It created jobs as anticipated but at what cost particularly given the alternatives? How did Solyndra work out? I mean it did create jobs for a period. Not to mention any number of the other DOE loans.

    Turnabout: "Just because you keep repeating this crap does not make it so."





    Where's your graph/charts for the results of the Party of no blocking everything they could for the sake of "MAKING OBAMA A ONE TERM PRESIDENT" ? McConnel said that was the Republican Party's primary goal, so your posts are doing nothing but showing their near success in bringing about as many failures as possible. This is yet another example of Republicans causing a problem then blaming the victims for Political gain, the American public certainly didn't gain by Republican efforts, AND YOU'RE PROUD OF THAT ??

    Where's all the jobs from Republican promises of Jobs for tax cuts for the wealthy ?


    Be sure to get back to us when you find a graph showing the results of Republican intransigence, until then these partisan graphs and charts do not give a full picture. GOOD LUCK FINDING ONE !!


    Again repeating this partisan BS does not make it so.


    Except that there are none of the above. This was a series of stimulii that is owned by this Administration. The spending was controlled by this Administration and it was certainly within his prerogative not to spend it. But do please try again...

    The excuses that keep getting invented for the Obama Administration are really kind of transparently ridiculous.




    -----------------------------------------------------------------------------------


    Be sure to get back to us with those graphs I mention, with facts about the effects of the Party of NO on reducing the effectiveness of the Dems efforts on behalf of the American Public.

    Keep in mind that in spite of all the Republican tactics to stall progress and good results from Obama's efforts, his 3 year record of job creation is still better than 8 years of BUSHANOMICS and War expenses.


    Search hard for that information if such fair comparisons are even available, Lots of luck !!!



    Which graphs would they be? Again - look at the graph of what was promised and what was delivered which also notes the level of job creation under this administration. Some graphs don't exist simply because they don't support *your* point of view.