CBO says stimulus a bigger success than expected

The nonpartisan Congressional Budget Office reports that the American Recovery and Reinvestment Act of 2009, better known as the stimulus bill, has created millions of jobs and in fact has had an even bigger economic impact than expected.

According to the report:

“CBO estimates that in the first quarter of calendar year 2010, ARRA’s policies:

  • Raised the level of real (inflation-adjusted) gross domestic product (GDP) by between 1.7 percent and 4.2 percent,
  • Lowered the unemployment rate by between 0.7 percentage points and 1.5 percentage points.
  • – Increased the number of people employed by between 1.2 million and 2.8 million, and
  • – Increased the number of full-time-equivalent jobs by 1.8 million to 4.1 million compared with what those amounts would have been otherwise.
  • In March 2009, the CBO predicted that as a result of the stimulus, employment today might be as much as 2.3 million than it would have been without the law. The updated report puts that number as high as 2.8 million.

    In other words, the stimulus that according to some hasn’t created one single job has been and continues to be an important success. Times are still hard, but without ARRA, millions of Americans working today to support their families would instead be on the unemployment line, collecting UI benefits.

    409 comments Add your comment

    Bosch

    May 26th, 2010
    10:33 am

    “but without ARRA, millions of Americans working today to support their families would instead be on the unemployment line, collecting UI benefits.”

    Like many, many more public school teachers.

    Union

    May 26th, 2010
    10:34 am

    so.. since it worked.. we dont need another bailout for eudcators and states.. nor do we need one for their state run pensions.. thats AWESOME.. I am glad it worked..

    TaxPayer

    May 26th, 2010
    10:37 am

    Don’t let Boehner or what’s his name, Mitch whatever, or the rest of the Party of No see this report. It’ll just ruin their day. What’s their e-mail addresses. I’ll help mail out the copies. hehehe

    Peadawg

    May 26th, 2010
    10:38 am

    “has created millions of jobs”

    Tell that to the 10% unemployed. Ask them if the bill is a success.

    Mick

    May 26th, 2010
    10:40 am

    Sounds like stimulus 2 will be coming soon to finish the job.

    Pennsylvanian

    May 26th, 2010
    10:40 am

    This the same CBO that muffed the HC cost estimates?

    Mick

    May 26th, 2010
    10:41 am

    **Tell that to the 10% unemployed. Ask them if the bill is a success.**

    What do you want from the gov’t, socialism?

    TaxPayer

    May 26th, 2010
    10:44 am

    Peadawg is just disappointed that the unemployment rate is not 12%, or higher.

    Peadawg

    May 26th, 2010
    10:44 am

    “This the same CBO that muffed the HC cost estimates?”

    LMAO!!!

    Peadawg

    May 26th, 2010
    10:45 am

    “Peadawg is just disappointed that the unemployment rate is not 12%, or higher.”

    No, I’m disappointed it’s still hovering around 10%.

    TaxPayer

    May 26th, 2010
    10:45 am

    LMAO!!!

    Does it hurt when you do that.

    TaxPayer

    May 26th, 2010
    10:49 am

    No, I’m disappointed it’s still hovering around 10%.

    Have you contacted your state and local representatives and inquired as to what they are doing to fix that? After all, you do not really expect the federal government to do it all. There are only so many openings that the DoD, for example, can fill with a trillion dollar annual budget. Perhaps you could offer to pay more property and sales taxes such that more state and local government jobs could be funded.

    Mick

    May 26th, 2010
    10:49 am

    **This the same CBO that muffed the HC cost estimates?”**

    How do we know that they muffed the cost estimates when HC has not even been implemented yet?

    Outhouse Gokart

    May 26th, 2010
    10:50 am

    I think we have more successful stimulus debt in the offing…I hear it contains a “summer jobs program for 16 to 24 year olds” and lots of other really cool and neat things.

    This is so Groovy.

    Bosch

    May 26th, 2010
    10:50 am

    Mick,

    “How do we know that they muffed the cost estimates when HC has not even been implemented yet?”

    The little voices in their heads tell them so.

    Bosch

    May 26th, 2010
    10:51 am

    Outhouse,

    ““summer jobs program for 16 to 24 year olds””

    Really? Great! I need to get my kids out of the house.

    Peadawg

    May 26th, 2010
    10:52 am

    “After all, you do not really expect the federal government to do it all.”

    No, I’m a Republican. I don’t wait for my handout. But stop saying this thing was such a success w/ unemployment still around 9-10%.

    TM

    May 26th, 2010
    10:52 am

    I like how the actual report states that the total number of jobs reported by the recipients of ARRA money is $700,000. Then CBO states that the number may be lower or higher depending on different factors and they jumps to the conclusion its between 1.2 million and 2.8 million. I could not find in the report how much ARRA money was spent in the first quater to creat these numbers.

    AmVet

    May 26th, 2010
    10:52 am

    Taxpayer, we’ve all heard of spineless, but are you suggesting some here are assless?

    I found it amazing that bloggers with no credentials whatsoever, became experts overnight on all matters economic and fiscal.

    These problems and proposals are unimaginably complex and inter-related; yet without a scintilla of experience, education or even a working knowledge of such matters, pundits and their parrots knew beyond the shadow of a doubt what was going to work and what wasn’t.

    Is this the legacy of ignorance born of Trickle Down/Voo Doo economists?

    http://www.youtube.com/watch?v=2ytcQW93yrU

    Pennsylvanian

    May 26th, 2010
    10:55 am

    Mick, Bosch – You really need to get out more. Jay doesn’t tell you everything.

    Dave R.

    May 26th, 2010
    10:55 am

    Nonpartisan? Maybe.

    Correct? Absolutely NOT! I refer you to the Medicare Prescription Drug Program, which is costing more than 5 TIMES the CBO’s initial cost estimates. I refer you to health care reform, which the CBO now says will INCREASE the deficit, not lower it.

    And not so fast, Jay! The report states quite clearly that: “First, some of the reported jobs might have existed in the absence of the stimulus package, with employees working on the same activities or other activities.”

    And: That the ARRA “funded” jobs, not necessarily “created” jobs.

    Big difference.

    As usual, there are lies, damned lies and statistics.

    Bosch

    May 26th, 2010
    10:56 am

    Peadawg,

    Have you contacted you local Chamber of Commerce and ask them what the hell’s their problem? They need to get out there and get some economic development going so businesses can hire some folks!

    Del

    May 26th, 2010
    10:56 am

    Scout and Normal,

    I don’t think that Cadets and Midshipman fall under the jurisdiction of the UCMJ. They are officers in training and not enlisted in any branch of the armed services.

    thomas

    May 26th, 2010
    10:58 am

    Bosch

    May 26th, 2010
    10:50 am

    Would that be another prediction, or is that claiming knowledge of their inner thoughts?

    You do indeed crack me up with your unapologetic hypocricy. :) Makes me smile each time!

    Bosch and Mick,

    Would it not stand to reason that the CBO DID mess up on atleast 1 health care estimate?

    If they(CBO)did not mess up then why was there a need for that report of theirs that had the cost of HC at a WHOPPING 115 Billion with a b more than the original projection?

    was the 1st one correct or the second?

    Peadawg

    May 26th, 2010
    10:58 am

    Bosch, you made my point about expecting Obama to help with all these other things but you don’t expect him to help w/ the oil spill.

    Bosch

    May 26th, 2010
    10:58 am

    Will somebody please send a memo to schools that it’s not cool for their kids to wear Klan outfits to school — even if it’s a class project? Please? Can somebody work on that?

    N-GA

    May 26th, 2010
    10:59 am

    Taxpayer – When he LHAO it will hurt….it will give him a headache.

    stands for decibels

    May 26th, 2010
    10:59 am

    Glad to see this.

    Sure, the stimulus package should’ve been bigger, with grander infrastructure programs under way, but with a centrist Democratic President, incremental moves liked these are to be expected.

    (Getting what we voted for–what a concept, huh?)

    Peadawg

    May 26th, 2010
    10:59 am

    “Would that be another prediction, or is that claiming knowledge of their inner thoughts?”

    I was wondering the same thing.

    Bosch

    May 26th, 2010
    10:59 am

    Peadawg @ 10:58 – that doesn’t even begin to make sense. Now, my friend thomas is here, so I’m going to play with him now.

    Union

    May 26th, 2010
    11:00 am

    Are these the same numbers where the states spent the money on employee raises..then counted it as a job saved or job created even though there was neither?

    AmVet

    May 26th, 2010
    11:00 am

    Del, it took me about 15 seconds to confirm that they indeed are…

    http://www.au.af.mil/au/awc/awcgate/ucmj.htm

    Redneck Convert (R--and proud of it)

    May 26th, 2010
    11:01 am

    Well, all I know is the stimulus never helped me. What we ought to of done is, I don’t know, maybe offer people free beer as a stimulus. Beer sure stimulates people on this blog on Friday night. Giving people free stimulus beer would help alot of beer warehouses and beer truck drivers. Long as the guvmint pays for the beer, of course. It wouldn’t do nothing if it was really free. But I reckon the churches would be against the whole thing and then we’d get into a row about whether people could get their free beer on Sundays.

    Anyhow, I can’t hardly wait till the godly Conservatives get on here and start talking about that lying CBO and stuff like that. And then somebody’s bound to bring up the made-up numbers on the Obamacare bill and somebody else will bring up the useless guvmint and the oil spill and somebody else will make some crack about Obama taking a vacation when he should be at Arlington on Memorial Day and pretty soon we’ll be right back to where we started last night.

    Have a good lunch everybody.

    Rightwing Troll

    May 26th, 2010
    11:01 am

    “But stop saying this thing was such a success w/ unemployment still around 9-10%”

    I know this will make teatards heads explode but, what if we didn’t do the stimulus that Bush started and Obama continued? Could it be possible that unemployment would be higher?

    thomas

    May 26th, 2010
    11:02 am

    Aww thanks Bosch!

    You do seem to tolerate me more than other conservatives here, and i appreciate it!

    Peadawg

    May 26th, 2010
    11:03 am

    “Could it be possible that unemployment would be higher?”

    Don’t assume stuff.

    Bosch

    May 26th, 2010
    11:03 am

    thomas,

    No, that’s not a prediction, that’s just a guess. And you bet I’m an unapologetic hypocrite – we all are hypocrites for Christ’s sake – some are just too proud to admit it.

    And, I think you have me confused with someone who thinks that the health care costs in the new HC bill are not way off.

    thomas

    May 26th, 2010
    11:03 am

    Rightwing Troll

    May 26th, 2010
    11:01 am

    Always a possiblity!

    But if the stimulus had been stopped could unemployment be lower?

    larry

    May 26th, 2010
    11:04 am

    But…..But…. Sister Sarah said……. and my tea people said ……..oh darn it !!! It worked !!!

    Outhouse Gokart

    May 26th, 2010
    11:05 am

    Stimuli or not unemployment will continue to go higher…stay tuned.

    Peadawg

    May 26th, 2010
    11:06 am

    “No, that’s not a prediction, that’s just a guess”

    LOL! Geeze.

    Bosch

    May 26th, 2010
    11:07 am

    thomas,

    No problem – I have three teenagers — I’ve learned to deal with passive aggressive as an art form. :-)

    And I so meant

    “And, I think you have me confused with someone who thinks that the health care costs in the new HC bill are not way off.”

    “are way off” – not “not way off.”

    Outhouse Gokart

    May 26th, 2010
    11:07 am

    All kidding aside we can be thankful for the fine job accmplished by the CBO. Just imagine how poor our outlook and attitudes would be without their positive info.

    “You see sometimes 1 + 1 can equal 3.”

    Normal

    May 26th, 2010
    11:08 am

    Del,

    The following is a “Fact Sheet” of a Court Martial of a Naval Academy
    Midshipman. As you can see, they are indeed held to the UCMJ.

    http://www.newtotalitarians.com/index_files/OwensFactSheet.htm

    Gale

    May 26th, 2010
    11:09 am

    Those look like very loose statistics to me. Also, how can anybody prove fewer jobs were lost than might have been? If I presented a proposal with numbers that soft, my boss would laugh me out of the room.

    Gale

    May 26th, 2010
    11:11 am

    Oh, and a summer jobs program for 16-24 year olds? Good idea. That is the demographic that spends like crazy. That will help the economy.

    Rightwing Troll

    May 26th, 2010
    11:11 am

    Things I’d like to know:

    What are the first 3 of 4 impeachable offenses (provable) that Obama is guilty of?

    What taxes have increased?

    Where will we get the money to fund a rapid reaction force tasked with containing disasters like what’s heppening in the gulf right now?

    And to expand the train of thought on that RR force… should we have enough equipment and manpower to handle 1, 2, 3 or more situations at once? And should we establish these RR forces in all areas where offshore drilling occurs under our jurisdiction, or worldwide?

    Bosch

    May 26th, 2010
    11:12 am

    Gale,

    “That is the demographic that spends like crazy.”

    Tell me about it, damn!

    Mr. Snarky

    May 26th, 2010
    11:13 am

    Wow! Billions of dollars of spending that wouldn’t have occurred otherwise stimulated the economy! Who would’ve thunk it? I’m shocked! Shocked!

    Peadawg

    May 26th, 2010
    11:14 am

    ““That is the demographic that spends like crazy.””

    They’re not all Democrats so that’s not a true statement. Too much assuming going on here today!

    USinUK

    May 26th, 2010
    11:15 am

    “I refer you to the Medicare Prescription Drug Program, which is costing more than 5 TIMES the CBO’s initial cost estimates”

    gee. one was forecasting and the other was backwards-looking … do you people not understand the difference???

    thomas

    May 26th, 2010
    11:15 am

    Bosch

    May 26th, 2010
    11:03 am

    No I understand your stance on HC, unless i am wrong you feel it is a right, and thus treated as one. I certainly could not place a price on my right to bear arms and wouldn’t care to. You were in discussion didn’t want to leave you out! Not making an accusation.

    Rightwing Troll

    May 26th, 2010
    11:15 am

    “Always a possiblity!

    But if the stimulus had been stopped could unemployment be lower?”

    Well, at least one here has a level head and an open mind. It’s all but impossible to say what will happen and what would’ve happened, it is possible to say what could’ve happened though.

    Too many here seem to know exactly what WILL happen, and curiously it always seems to be that what WILL happen will be bad, even if what IS happening doesn’t seem that bad…

    hmmmm……

    stands for decibels

    May 26th, 2010
    11:16 am

    one was forecasting and the other was backwards-looking … do you people not understand the difference???

    asses, elbows, excrement, Shinola, it’s all good.

    BMDPD

    May 26th, 2010
    11:16 am

    It is successful! That is great, but I didn’t read anywhere in those numbers that the government recouped 105% of the money it dished out. Then and only then, will it be successful.

    AmVet

    May 26th, 2010
    11:17 am

    Being dubious of CBO (or any other governmental) numbers is not a bad thing.

    BUT…it is almost always predicated on the ideological viewpoint of the suspicious.

    If the numbers corroborate some desired outcome, they are valuable. If they don’t, they are not. It is that simple.

    But to me, armchair economists are only slightly less laughable than armchair generals…

    jt

    May 26th, 2010
    11:17 am

    For those living in Obama La-La land. Sorry for the buzz kill.

    From the Esteemed Dr. Paul–

    The government likes to tout the number of jobs that have been created or saved by the stimulus. But even if these numbers are accurate, they do not count the number of jobs that are not created in other more productive or self-sustaining sectors of the economy. Nor do they count the jobs that will be lost in the future when tax rates will have to be increased to pay off the interest on the debt that is financing much of the stimulus package.

    Finally, the stimulus package enables the government, rather than the market, to pick winners and losers.

    Whenever the government doles out money, political factors come into play. Firms that are politically well-connected or located in important congressional districts will benefit, while those firms without political connections, the ability to navigate bureaucratic hurdles or that exist in isolated areas unimportant to Washington will lose out.

    Once the stimulus money runs out, the companies and jobs dependent on that handout will find themselves once again struggling.

    A company that cannot satisfy consumer needs in the marketplace and that requires a government stimulus to remain competitive is a company that should not be in business.

    The last thing this country needs is more government spending, especially on such wasteful measures as stimulus packages. We have wasted trillions of dollars in the past year and a half in stimulus packages, bailouts and guarantees to unsound companies.

    We have run up our national debt to unprecedented levels. We are destroying the dollar. And it seems as if there is no end in sight.

    Loose monetary policy, easy credit and too much debt created the bubble and got us into this economic crisis. Unless the government learns its lesson and opts for restrained monetary and fiscal policy, it risks a complete implosion of the U.S. economy.

    larry

    May 26th, 2010
    11:18 am

    Maybe the RR force should be funded by the oil companies themselves and we should have the equipment and manpower to handle 1,2,3, or more situations at once. As far as the jurisdiction goes, that would be left up to each country. But i would also enforce an uniform code for all rig construction and drilling operations including safety measues. They could do that at their next G-8 or G-20 summit.

    Rightwing Troll

    May 26th, 2010
    11:18 am

    “They’re not all Democrats so that’s not a true statement. Too much assuming going on here today!”

    Please refer to my statements about prognostication…

    Trust me on this, teen “conservatives” need bling, cellys, and video games just as much as liberal teens.

    BMDPD

    May 26th, 2010
    11:19 am

    jt, did you just say a double-dip recession is coming? Say it isn’t so!

    Rightwing Troll

    May 26th, 2010
    11:20 am

    Was that YOUR position jt? Was it emailed to you or sent in a pamphlet or did you find it online?

    Bosch

    May 26th, 2010
    11:20 am

    thomas,

    Yes, I do feel that HC is a right – and was very disappointed that the health care reform did not lead to a single-payer system — which, is the only way I feel that costs will ever be addressed. One customer who gets to name the price. I feel that the only winner in the bill was the insurance companies — who do nothing for the direct care of patients – but somehow they control how much things cost. That makes no sense to me.

    Anywho…….

    BMDPD

    May 26th, 2010
    11:21 am

    Bosch, big businesses win too! They can save money by paying the fine rather than providing employee healtcare! ATT did studies.

    Rightwing Troll

    May 26th, 2010
    11:21 am

    And how did you feel about Geroge W Bush’s stimulus payouts? Am I the only one who remembers the checks W sent out to us ALL, even those who didn’t pay taxes?

    DannyX

    May 26th, 2010
    11:22 am

    Medicare Part D is actually costing ONE THIRD LESS than the original CBO estimates.

    From the Wall St Journal:

    “The Medicare prescription-drug benefit is costing taxpayers a lot, but less than expected. The Congressional Budget Office’s original 10-year price tag was $640 billion over 10 years; it’s now down by a third to $410 billion. The Center for Medicare and Medicaid Services was off by even more.”

    http://online.wsj.com/article/SB126282080941818727.html

    Dave R.

    May 26th, 2010
    11:24 am

    “What taxes have increased?”

    Troll, if you think that we can pay off this massive debt WITHOUT raising taxes, you’re smoking some serious dope. That the taxes have yet to be raised is simply to ignore the inevitable.

    BMDPD

    May 26th, 2010
    11:24 am

    I didn’t agree with the stimulus payouts, but it is hard to give up free money.

    Rightwing Troll

    May 26th, 2010
    11:25 am

    So to recap:

    W sent checks to individuals to pay for flatscreen tv’s made in china. Obama (sorry, Obowo to you teatards) sent money to American companies to save jobs here in the states.

    This is not a debate on why any stimulus was even needed, we all know that it was needed because Willie got a hummer in the whitehouse and Barney Frank is gay.

    jt

    May 26th, 2010
    11:25 am

    BMDPD

    I do not know, nor does anyone. It seems likely. I DO know that NOTHING is right with our money being sold for zero percent interest.

    Rightwing Troll

    I agree with it. I often refer to what Dr. Paul has to say about any given subject and usually agree with his position. Good format at lewrockwell.com.

    Bosch

    May 26th, 2010
    11:26 am

    “but I didn’t read anywhere in those numbers that the government recouped 105% of the money it dished out”

    Oh my freaking God -

    Will you people please read what stimulus money has been spent on? Please? A good chunk of this money was spent to stabilize state budgets! They aren’t going to be paying that back!

    Rightwing Troll

    May 26th, 2010
    11:27 am

    “Troll, if you think that we can pay off this massive debt WITHOUT raising taxes, you’re smoking some serious dope. That the taxes have yet to be raised is simply to ignore the inevitable.”

    Agreed. So please tell your compadres to quit speakiong of the inevitablity in past tense. (you could also ask them to acknowledge where this debt originated, CBO accounting gimmicks aside…)

    BMDPD

    May 26th, 2010
    11:27 am

    Troll, it was needed due to the housing market crash. It drove a lot of the economy. The housing market crashed happened for several reasons.

    1. Fannie and Freddie
    2. Big banks getting greedy
    3. Political decisions of both parties.

    Thanks.

    larry

    May 26th, 2010
    11:27 am

    Citizen of the World

    May 26th, 2010
    11:27 am

    None of the Fox News devotees on this blog will ever believe that the stimulus has helped because Sean Hannity says otherwise!

    Next thing you know, Jay will be saying that the West Point graduates applauded Obama’s line about ending the war in Iraq during his commencement address, and the Fox News fans will think that’s also a lie, since the applause was muted when they aired a clip of the event.

    Del

    May 26th, 2010
    11:28 am

    AmVet and Normal, It appears you’re correct. I’m not sure since they’re not yet formally members of the Armed Forces it it’s full UCMJ jurisdiction or not.

    jt

    May 26th, 2010
    11:28 am

    Rightwing Troll

    And as far as Dr. Paul sending me an email, he does. He sends anyone who donates over 400,000 dollars personalized up-dates.

    It is well worth it.

    Pennsylvanian

    May 26th, 2010
    11:28 am

    DannyX – We supposed to feel better because the CBO estimated high on Part D? They can’t find their butts with both hands.

    Peadawg

    May 26th, 2010
    11:29 am

    “A good chunk of this money was spent to stabilize state budgets! ”

    Boy did that work!!!!! ~saracasm~

    laissez faire

    May 26th, 2010
    11:30 am

    millions of jobs like….these?.. All hail Hugo Lula hussein Soetoro!

    Two more Census workers blow the whistle

    ou know the old saying: “Everyone loves a charade.” Well, it seems that the Census Bureau may be playing games.

    Last week, one of the millions of workers hired by Census 2010 to parade around the country counting Americans blew the whistle on some statistical tricks.

    The worker, Naomi Cohn, told The Post that she was hired and fired a number of times by Census. Each time she was hired back, it seems, Census was able to report the creation of a new job to the Labor Department.

    Below, I have a couple more readers who worked for Census 2010 and have tales to tell.

    Each month Census gives Labor a figure on the number of workers it has hired. That figure goes into the closely followed monthly employment report Labor provides. For the past two months the hiring by Census has made up a good portion of the new jobs.

    Labor doesn’t check the Census hiring figure or whether the jobs are actually new or recycled. It considers a new job to have been created if someone is hired to work at least one hour a month.

    One hour! A month! So, if a worker is terminated after only one hour and another is hired in her place, then a second new job can apparently be reported to Labor

    Read more: nypost.com ( real paper that has real reporters not just ap wirecopy)

    Rightwing Troll

    May 26th, 2010
    11:30 am

    Dave,
    One more point to make. These taxes may not start to rise significantly for another year or two. What do you think President Palin and the GOP controlled congress will do about it in 2013? Roll up thier sleeves and get to work? Or spend a lot of time looking backwards and pointing fingers?

    BMDPD

    May 26th, 2010
    11:31 am

    The bad thing is that we as a nation are in quite a quandry. We are fighting two wars. We have just given away a bunch of money that we don’t have. We are not in a position to raise taxes due to the recession. What is worse is that nobody knows what to do and all we do is sit here and argue our ideology.

    USinUK

    May 26th, 2010
    11:33 am

    Peadawg – “Boy did that work!!!!! ”

    actually, it was a tremendous help – an example: without it, unemployment checks (which are handled at the state level) would have ended months ago …

    Rightwing Troll

    May 26th, 2010
    11:33 am

    Last I heard the Census was a constitutional obligation, not an effort to locate guns.

    N-GA

    May 26th, 2010
    11:33 am

    Thomas – re: “You do seem to tolerate me more than other conservatives here, and i appreciate it!”

    Are you calling Bosch a conservative, or are you saying that he tolerates you more than he tolerates other conservatives. Perhaps you should clarify that before he slaps you with his glove.

    larry

    May 26th, 2010
    11:34 am

    What do you think President Palin and the GOP controlled congress will do about it in 2013? Somebody get the screen cleaner, i just spewed !!

    Peadawg

    May 26th, 2010
    11:34 am

    “actually, it was a tremendous help”

    Tell that to all the teachers getting laid off.

    Bosch

    May 26th, 2010
    11:34 am

    Actually Peadawg,

    It did work – it kept alot of public school teachers teaching last year so that they could make necessary cuts and plan for the next year.

    Kamchak

    May 26th, 2010
    11:35 am

    Fannie, Freddie—SQUIRREL!

    N-GA

    May 26th, 2010
    11:36 am

    jt – re: I DO know that NOTHING is right with our money being sold for zero percent interest.”

    You have it backwards! It’s great when the gov’t pays very little for borrowing money. What is amazing is why people would loan money so cheaply.

    Bosch

    May 26th, 2010
    11:37 am

    Peadawg,

    Those teachers getting laid off would have gotten laid off last year if not for the stimulus money – it enabled states to stabilize their budgets so they could make necessary adjustments — you really don’t know how budgets work do you? I”m a mathtard, and I know that.

    BMDPD

    May 26th, 2010
    11:39 am

    I am going to sum up this blog.

    1. Obama and the Dems can do no wrong

    VS.

    2. Obama and the Dems can do no right.

    That is all we should post every single day, Bosch and crew will preach number 1. Peadawg and crew will preach number 2.

    Not one person will change their mind. So, Bosch every post you need to type “Obama can do no wrong.”

    Peadawg follow up with “Obama can do no right.”

    Scout

    May 26th, 2010
    11:40 am

    Now the other side of the “biased coin” :

    AMERICA’S NATIONAL DEBT
    TOPS $13,000,000,000,000;
    DEBT PER TAXPAYER – $117,975;
    US DEBT TO GDP RATIO – 90.3%

    Peadawg

    May 26th, 2010
    11:40 am

    “Those teachers getting laid off would have gotten laid off last year if not for the stimulus money”

    So, Bosch, what you saying is the stimulus package just delayed the inevitable?

    Dusty

    May 26th, 2010
    11:40 am

    Call me up when the national debt has DECREASED. Until then…….waiting…..

    larry

    May 26th, 2010
    11:41 am

    Shhhhhhh!! enough about teacher layoffs already. Im at one of these newfanguled docks with my good ole boy Sonny. Sonny?? Sonny , where are you?!!!

    Matilda

    May 26th, 2010
    11:42 am

    Right, Peadawg. Because the children didn’t need that extra year of education they got on their road to the inevitable. How do I do the eye-rollie thing? :eyeroll:

    Outhouse Gokart

    May 26th, 2010
    11:42 am

    Lettuce hope and pray that when the Evil Big Business’ Empires begin to “pay the fine” in lieu of offer HCare benefits that Big Govt will have a solution…wouldnt that be a coincidence…

    Peadawg

    May 26th, 2010
    11:42 am

    BMDPD, lol that was pretty funny. That gave me a good chuckle. But I think Cynthia Tucker leads the other side, not Bosch.

    Kamchak

    May 26th, 2010
    11:43 am

    I am going to sum up this blog.

    1. Obama and the Dems can do no wrong

    VS.

    2. Obama and the Dems can do no right.

    3. At least once a week someone will drag out Fannie and Freddie, the favorite whipping boys of the right, to flog once again.

    fyt

    DannyX

    May 26th, 2010
    11:43 am

    Pennsylvania, how do you even know what side of the issue I’m on? I corrected a statement that was flat out wrong.

    10:52… AMVET…..”I found it amazing that bloggers with no credentials whatsoever, became experts overnight on all matters economic and fiscal.

    Then right on cue…

    10:55…Dave R…”I refer you to the Medicare Prescription Drug Program, which is costing more than 5 TIMES the CBO’s initial cost estimates.”

    The original CBO estimates are one third higher than their original estimates.