In another crisis, GOP would let economy collapse

From The Washington Post:

” … under questioning from skeptical Republicans, the director of the nonpartisan (and widely respected) Congressional Budget Office was emphatic about the value of the 2009 stimulus. And, he said, the vast majority of economists agree.

In a survey conducted by the University of Chicago Booth School of Business, 80 percent of economic experts agreed that, because of the stimulus, the U.S. unemployment rate was lower at the end of 2010 than it would have been otherwise.

“Only 4 percent disagreed or strongly disagreed,” CBO Director Douglas Elmendorf told the House Budget Committee. “That,” he added, “is a distinct minority.”

Elmendorf’s testimony came in response to questions from Rep. Tim Huelskamp (R-Kan.), a member of the tea party caucus. Huelskamp asserted that the stimulus was a failure because it did not keep the jobless rate below 8 percent, as the Obama administration predicted.

“Where did Washington mess up?” Huelskamp demanded. “Because you’re saying most economists think it should’ve worked. It didn’t.”

Most economists not only think it should have worked; they think it did work, Elmendorf replied. CBO’s own analysis found that the package added as many as 3.3 million jobs to the economy during the second quarter of 2010, and may have prevented the nation from lapsing back into recession.”

Most Republicans cannot bring themselves to admit it, but by any definition the Obama stimulus worked, pulling the economy out of a death spiral that probably would have resulted in a far-worse economic crisis. It’s also pretty damn clear that if similar circumstances should arise again, this Congress would refuse to act as it did three years ago. To the contrary, they would sit back and applaud as it all comes tumbling down around our ears.

Today’s conservative congressional majority also bitterly opposes TARP, which to his credit was pushed by President Bush out of fear that “this sucker could go down.” Despite Bush’s strong support and the insistence of economists across the ideological spectrum, a majority of House Republicans voted against its passage in the crisis of 2008. And of course, today’s GOP caucus is far more conservative than it was four years ago.

In the Senate, 16 of the 30 Republicans who voted in favor of TARP in 2008 will have left either the Senate or the party by the end of this year, many because they no longer are acceptable to the GOP base. That’s a remarkable amount of turnover in a short period of time. Again, most of those 16 have been replaced by far more conservative candidates who would not dare to support passage of TARP-like legislation should the need arise again.

And again, without TARP the entire global financial sector would have imploded upon itself, creating an economic calamity that would make our current problems seem mild.

The same is true of the auto-industry rescue. The current Congress would never have supported its passage. And while Mitt Romney implausibly seeks to take credit for the rebound of the auto industry, it is absolutely clear that under the terms that he insisted upon, the rescue plan could not have happened.

In other words, every major governmental intervention that succeeded in pulling the economy back from the brink in the crisis of 2008-09 would be rejected by those now in control of the U.S. House; passage in the Senate would be much more difficult as well. If we were to face another such challenge — touched off by a crisis in Europe, perhaps, or a major blow-up in the oil-rich Middle East — they would be quite content to stand by and “let this sucker go down.”

Some, I fear, might even take a perverse Puritan-like pleasure in seeing it happen.

– Jay Bookman

963 comments Add your comment

stands for decibels

June 7th, 2012
9:00 am

Some, I fear, might even take a perverse Puritan-like pleasure in seeing it happen.

I fear it’s more than just some.

ty webb

June 7th, 2012
9:03 am

hey look, Jay’s dusting off good ol’ “Create or Save”…look for it soon on a bumper near you.

ByteMe - Political thug

June 7th, 2012
9:08 am

Most Republicans cannot bring themselves to admit it, but by any definition the Obama stimulus worked,

If you use the definition “causes Obama to be a one-term president” — as Republicans do — then the stimulus was an abject failure.

josef

June 7th, 2012
9:09 am

On topic comments…

See below, just about any day, wash, rinse, repeat…

Thomas Heyward Jr.

June 7th, 2012
9:09 am

Krugman-esque.

kayaker 71

June 7th, 2012
9:10 am

“Pulled the economy back from a death spiral”…… What a ridiculous statement. It did nothing of the kind.

stands for decibels

June 7th, 2012
9:12 am

Jay’s piece dovetails nicely with an incredibly depressing Ezra Klein WaPo bit from Monday, wherein Ezra says there’s a chance Romney would be the preferred choice for the economy, ONLY because if he isn’t elected, we know for certain that House and Senate republicans will conspire to destroy the economy.

http://www.washingtonpost.com/blogs/ezra-klein/post/the-keynesian-case-for-romney/2012/06/04/gJQAIETuDV_blog.html

I just put it out there for additional information’s sake, not saying I agree. (Actually, I hope I’m never quite that cynical that I *would* agree.)

Mid Ga Retiree

June 7th, 2012
9:12 am

Perhaps, sir, that our current Congress is more opposed to how we got into that situation, reckless spending (by both parties), increased levels of governmental control over our lives, government giveaways and needless war. Perhaps, sir, our current Congress realizes that drastic cutbacks are needed in order to ensure that our future generations won’t be totally dependent on government. Perhaps……….

Soothsayer

June 7th, 2012
9:14 am

Ninety-nine trailers or people living in their cars for every one McMansion. Now that’s why I call America home!

ByteMe - Political thug

June 7th, 2012
9:14 am

“Pulled the economy back from a death spiral”…… What a ridiculous statement. It did nothing of the kind.

Of course it did… unless you reside in Rightwingnutistan. Over there, it was an abject failure.

Stonethrower

June 7th, 2012
9:15 am

Never mind the economy, I just found out a same sex marriage ceremony was conducted at Fort Polk in La. My congressman (KS) is outraged and has called for an investigation!

larry

June 7th, 2012
9:15 am

But i wonder, if they would let it all collapse if there were a Republican in the white house ? People also seem to forget the payroll tax cut that was in the stimulus. That alone increased the take home pay for 95% of the people on average over $9 a week.

What kinda of stimulus plan would the Republicans put forth?

ByteMe - Political thug

June 7th, 2012
9:15 am

My congressman (KS) is outraged and has called for an investigation!

He wants to know why he wasn’t invited?

Butch Cassidy

June 7th, 2012
9:16 am

kayaker 71 – “What a ridiculous statement. It did nothing of the kind.”

Really? You want to know how you can tell that it worked? The fact that you are still able to get money from your ATM. That’s about as simple an indicator as I can give you.

USMC

June 7th, 2012
9:16 am

“In another crisis, GOP would let economy collapse”–JAY BOOKMAN

More Hateful, divisive rhetoric from Left-wing extremist political soldier, Comrade Bookman. :-)

Mighty Righty

June 7th, 2012
9:16 am

This site is full of liberal bloggers including chairman Jay; do anyone of you know a songle person who is employed today in a job created by the “stimulous”?

Peadawg

June 7th, 2012
9:16 am

I’m fine w/ the auto industry bail out but not the bank bailouts, especially how big banks have continued to act since the bailout.

jm-pass TSPLOST unless you looove congestion

June 7th, 2012
9:17 am

RE topic: bull honkey

ty webb

June 7th, 2012
9:17 am

“pulling the economy out of a death spiral that probably would have resulted in a far-worse economic crisis.”

“probably”? Jay, you’re water carrying skills are slipping.

ByteMe - Political thug

June 7th, 2012
9:18 am

But i wonder, if they would let it all collapse if there were a Republican in the white house ?

That was how Hoover handled it. Worked brilliantly, right?

People also seem to forget the payroll tax cut that was in the stimulus.

No, it wasn’t. The stimulus was voted on in March/April 2009. The payroll tax cut was part of a deal forged in November/December 2010 to extend unemployment benefits and the expiring Bush tax cuts.

Kamchak ~ Thug from the Steppes

June 7th, 2012
9:18 am

What a ridiculous statement. It did nothing of the kind.

I wouldn’t take any perverse pleasure from it, but a 1930s era depression is the only cure for the kind of denial shown in the above statement.

It was only because of the depression that we saw the implementation of Glass-Steagall.

Common Sense

June 7th, 2012
9:18 am

“In the Senate, 16 of the 30 Republicans who voted in favor of TARP in 2008 will have left either the Senate or the party by the end of this year, many because they no longer are acceptable to the GOP base”.

And good riddence to them. They were part of the problem to begin with. Trying to patech a problep you created with TARP is not a sign of good leadership.

larry

June 7th, 2012
9:18 am

do anyone of you know a songle person who is employed today in a job created by the “stimulous”?

Actually , i do.

songle? stimulous ? whoa!

ByteMe - Political thug

June 7th, 2012
9:19 am

“pulling the economy out of a death spiral that probably would have resulted in a far-worse economic crisis.”

“probably”?Jay, you’re water carrying skills are slipping.

Yeah, you should purge “probably”. Ecnomists are very certain that the crisis was real and bigger than they ever imagined at the time.

Butch Cassidy

June 7th, 2012
9:21 am

Mighty Righty – “do anyone of you know a songle person who is employed today in a job created by the “stimulous”?”

Just a couple of construction guys I’ve spoken to that are working on a new Fire Station being built. The funds came from the ARRA, which was part of the stimulus. And as I recall, the 575 in Georgia was re-done using ARRA dollars as well. Perhaps you think that such construction projects are done by gnomes and faries?

larry

June 7th, 2012
9:23 am

ByteMe - Political thug

June 7th, 2012
9:23 am

Perhaps you think that such construction projects are done by gnomes and faries?

MARTA comes from taxes. Roads come from gnomes and fairies.

kelly

June 7th, 2012
9:24 am

The 8% unemployment rate predicted was a forecast, not a promise. And the President never said it. All the fact-checkers agree. Check it.

rightwingextreme

June 7th, 2012
9:24 am

Jay, great job on cherry picking the info… you selected the high end of the CBO report. Here is the full story on the ESTIMATED number of jobs created by the stimulus. I would venture to add that even these numbers are overinflated. How many of those jobs are still there would be the real question.

The CBO report provided a broad range of the estimated number of full-time jobs created because of the stimulus — from a low of 500,000 to a high of 3.3 million jobs.

Previous estimates indicated that the stimulus funded more than 400,000 full-time jobs in the third quarter, but the CBO said in its report that the figure was not a “comprehensive” look at the law’s impact.

Read more: http://www.politico.com/news/stories/1111/68965.html#ixzz1×75hDwrW

ByteMe - Political thug

June 7th, 2012
9:24 am

Yes, Byte me, there were tax cuts in the stimulus……

I didn’t say there weren’t. About half of the stimulus was tax cuts.

I said the “payroll tax cut” wasn’t. Because it wasn’t.

carlosgvv

June 7th, 2012
9:25 am

Republicans have made it clear their only duty is to protect Big Business. They make no effort to hide this from their electorate. This shows their supporters come from the lowest common base of American voters. Unfortunately, this base is rapidly becoming the majority. America is becoming a third world country faster than you can say George W. Bush.

jm-pass TSPLOST unless you looove congestion

June 7th, 2012
9:25 am

When did Jay become the vote counting Majority Whip on theoretical non-existent legislation?

Paulo977

June 7th, 2012
9:26 am

kayaker 71

June 7th, 2012
9:10 am

“Pulled the economy back from a death spiral”…… What a ridiculous statement. It did nothing of the kind.
________________________________
This ignorance is why some people vote against their own intersts!!!!!!

ByteMe - Political thug

June 7th, 2012
9:26 am

The 8% unemployment rate predicted was a forecast

So was the “this shouldn’t get worse than about 10% unemployment”, which was what Obama was told by his economists before they found out the extent that the banks had screwed up and hidden the truth from everyone. If you think the upside is only 10%, getting it back to 8 is pretty easy in four years.

Jay

June 7th, 2012
9:27 am

Two points, extreme:

First, I didn’t use the number, Elmendorf did.

Second, what part of “as many as 3.3 million jobs” don’t you understand? He himself publicly acknowledged that was the high-end estimate. So what’s your point?

jm

June 7th, 2012
9:28 am

“The 8% unemployment rate predicted was a forecast”

What do you think Jay’s column is? Heck, its not even a forecast, its pure speculation.

jms

June 7th, 2012
9:28 am

That’s idiotic. No one wants to see the economy sink. Our jobs and investments are tied to it.

Mighty Righty

June 7th, 2012
9:29 am

Butch Cassidy

Are you trying to tell me that here three years later they are finally using money to build a fire station? Please note I said employed “today” not “was”. I know a “few” jobs were created at the time the stimulous was spent. My question is how many “today” are still working. The claim that more than three million jobs were created is wishful thinking.

Ivan

June 7th, 2012
9:29 am

“And again, without TARP the entire global financial sector would have imploded upon itself, creating an economic calamity that would make our current problems seem mild.

The same is true of the auto-industry rescue.”

How much are the magic crystal balls nowadays? The ENTIRE GLOBAL Economy would esplode!!? Holy Crap!!

It’s ironic that just a few days ago, Jay, you’re writing about how ticked you are that bailed out banks gave CEOs record pensions and severances, but now in this piece, it was a needed bailout, OR THE ENTIRE WORLD WOULD CEASE TO EXIST. lol.

The bailouts happened before and it will continue to happen, until taxpayers finally put the congress together that will tell the banks, and any industry, they are not too big to fail. They can fail just like anyone else’s business. They should not be able to run their company into the ground, and hang the taxpayer out to dry, and then make record profits, pocketing record pensions. No one should be that powerful.

But hey, we’ll bail them out again, one day. Wouldn’t want the sun to not come up the next day now, would we?

Jay

June 7th, 2012
9:29 am

The 8 percent prediction was made at a time when they thought GDP was declining at 3-4 percent. As they later learned, it was actually declining at more than twice that rate, but nobody had the numbers yet to determine it.

Fly-On-The-Wall

June 7th, 2012
9:29 am

So, what I’m hearing is that we don’t need any more help from government if this were to happen again. My guess is that if Romney is elected in November he and all of the Righty-Tighties here would blame Obama for years to come. Just like they did for Shrub during his 8 years by blaming everything on Clinton.

Paul

June 7th, 2012
9:30 am

I wonder how Rep. Huelskamp , with a doctorate in poli sci, would react if someone said to him “so what if you say 96% of professional historians and political scientists say the Cold War contained Soviet expansion. It didn’t. So there.”?

This is what ideologues do. It does not matter their level of education or experience. They latch onto something they want to believe and will hold to it, no matter the evidence to the contrary.

A poli sci guy should know just how dangerous that is.

Glad Elmendorf slapped him down. He must get frustrated, testifying before these mental midgets.

Jm-pass TSPLOST unless you love congestion

June 7th, 2012
9:30 am

Speculation is being generous…. I should have just said what it is: propaganda

Call It Like It Is

June 7th, 2012
9:31 am

“In another crisis, GOP would let economy collapse”
Not meant to be read as a factual statement.

Fly-On-The-Wall

June 7th, 2012
9:32 am

Ivan,

Too big to fail is the problem but the solution is something the Republicans won’t except – the Banks must be broken up so they can’t do what they did to cause this. The Banks need regulation otherwise they will continued to play with other peoples money knowing the government must step in to save the whole system.

ty webb

June 7th, 2012
9:32 am

jm,
come on, what’s wrong with jay accusing republicans for cheering on, or blaming republicans for causing an even bigger economic collapse that “might” have happened?

Mighty Righty

June 7th, 2012
9:32 am

rightwingextreme

Thank you for the truth which is in short supply on this site.

larry

June 7th, 2012
9:32 am

During the campaign, the independent Tax Policy Center researched how Obama’s tax proposals would affect workers. It concluded 94.3 percent of workers would receive a tax cut under Obama’s plan based on the tax credit to offset payroll taxes.

stands for decibels

June 7th, 2012
9:33 am

Jay

June 7th, 2012
9:33 am

Ty:

Would YOU support a Republican congressman who in similar circumstances voted for another TARP or another stimulus?

Jm-pass TSPLOST unless you love congestion

June 7th, 2012
9:33 am

The banking industry is “too important to fail”

Without a banking sector the rest of the economy doesn’t work

It’s like your house plumbing or electricity

Rarely appreciated until it doesn’t exist, and then you have a big problem

Paul

June 7th, 2012
9:34 am

Mighty Righty

“. “Because you’re saying most economists think it should’ve worked. It didn’t.”

Yes.

Fly into the Dallas-Ft worth airport and look at the miles of ongoing construction on the DFW connector.

Thanks to the stimulus.

Mighty Righty

June 7th, 2012
9:35 am

Fly-On-The-Wall

As we speak the banks are bailing out the federal government. It is the Fed who is borrowing from the banks because the world has lost faith in our government being able to repay its debt. Our governmnet is forcing the banks to lend it money.

Cutty

June 7th, 2012
9:36 am

“That’s idiotic. No one wants to see the economy sink. Our jobs and investments are tied to it.”

But let the economy implode?

Those on the right love to talk about how the country they love has a terrible government (don’t get that one). Meanwhile, the private sector and their subsidies and tax breaks are bleeding said government, and those CEOs are telling you that teachers, firefighters, and cops are the reason the economy is where it is. What suckers.

Paul

June 7th, 2012
9:36 am

Mighty Righty

Bad cut and paste.

Your question was “do anyone of you know a songle person who is employed today in a job created by the “stimulous” (sic)?”

My answer was as stated.

John Ellison

June 7th, 2012
9:36 am

Obama could have created 3 million jobs without spending a penny by opening federal lands for drilling.

Grasshopper

June 7th, 2012
9:37 am

Let’s see…

Stimulus was (at least): $831,000,000,000

Optimistic amount of jobs saved: 3,300,000

That comes out to $251,818.18 per job.

Oh yes…totally worth it. In liberal-land at least.

Kamchak ~ Thug from the Steppes

June 7th, 2012
9:37 am

The banking industry is “too important to fail”

Here’s your sign.

ty webb

June 7th, 2012
9:37 am

Jay,
TARP? no, I wouldn’t…”stimulus”? depends on the specifics…Unlike you, I can’t really answer hypotheticals without specifics.

Jay

June 7th, 2012
9:38 am

Mighty Righty, you have that exactly backwards, but what else is new, huh?

Mighty Righty

June 7th, 2012
9:39 am

Paul

I have been flying into Fort Worth since before the present terminals were built. BTW that whole complex was built without “stimulous” money just as was every other airport in the world.

Jm-pass TSPLOST unless you love congestion

June 7th, 2012
9:39 am

Warren Buffett: virtually impossible to have a new recession right now

Jay is fear mongering

Ty :)

Paul

June 7th, 2012
9:40 am

I’m reading a lot of comments and hearing from Republican Congressmen that the stimulus did not create any jobs.

The stimulus contained tax cuts.

Therefore, tax cuts do not create jobs.

Correct?

Kamchak ~ Thug from the Steppes

June 7th, 2012
9:42 am

Warren Buffett: virtually impossible to have a new recession right now

Famous last words.

“Orville and Wilbur, I’ve told you before and I’ll tell you again, that durn contraption just will not fly.”

Paul

June 7th, 2012
9:42 am

MIghty Righty

“BTW that whole complex was built without “stimulous” money just as was every other airport in the world.”

I did not say the airport was constructed with stimulus funds. I said the DFW connector, which is the maze of state highways surrounding DFW airport.

Butch Cassidy

June 7th, 2012
9:43 am

MIghty Righty – “Please note I said employed “today” not “was”.

Exactly, The fire station is being built today, using ARRA funds. The construction workers I have spoken to are working TODAY. I merely answered your question, but as usual, once given an honest answer, you have decided to dismiss it.

anne

June 7th, 2012
9:43 am

Bailouts are bad! Nothing is fixed! the system is too full of holes for a transfusion! it’s like pumping blood from the living to keep a corpse alive! Let It Die! I want laissez faire capitalism and Real Democracy nøt Hypocrisy Elections not S-Elections! More Taxes?! ferget it! don’t give the bums another DIME! ..Bailing out buddies from wall street and jailing instead people who speak the truth against the monopolies like Monsanto and the nuke industry! i.m.o. this guy’s article is “snow”

Mighty Righty

June 7th, 2012
9:44 am

Jay

Banks Are Lending Money Like Crazy To Single Borrower
CHART OF THE DAY:Joe Weisenthal and Kamelia Angelova|June 08, 2010|7,653|47

That would be Uncle Sam.

The latest data, which just came out yesterday, confirms that while bank lending remains subdued, purchases of government securities continue to soar.

Why the thirst for government securities? Well, government has a big thirst for money, and in this environment, it’s nice to put money with an entity that you’re sure can pay you back.

Seriously, why would you bother lending to an actual job-creating small business.

Read more: http://articles.businessinsider.com/2010-06-08/wall_street/30074567_1_bank-lending-thirst-single-borrower#ixzz1×7AxuLCL

Adam

June 7th, 2012
9:44 am

but by any definition the Obama stimulus worked

Except for the definition Republicans have given it, which is anything less than a complete revival of the economy back to the way it was and better within one year is a failure.

Kamchak ~ Thug from the Steppes

June 7th, 2012
9:45 am

I want laissez faire capitalism and Real Democracy…

I want a date with Sarah Shahi.

But unlike you, I’m not whining about it.

RAMBLE ON!!!

June 7th, 2012
9:45 am

“every major governmental intervention that succeeded in pulling the economy back from the brink in the crisis of 2008-09 would be rejected by those now in control of the U.S. House”

Total lie, but then again you are a liberal Jay and you just can’t help yourself.

Umm, Ford Motor Co.?!?

“The 8 percent prediction was made at a time when they thought GDP was declining at 3-4 percent. As they later learned, it was actually declining at more than twice that rate, but nobody had the numbers yet to determine it”

So, you are willing to admit King Obama had no idea what he was talking about then?

Harold Westerling

June 7th, 2012
9:48 am

“In a survey conducted by the University of Chicago Booth School of Business, 80 percent of economic experts agreed that, because of the stimulus, the U.S. unemployment rate was lower at the end of 2010 than it would have been otherwise.”

– Wow…are these the same 80 percent of economic experts that didn’t see the mega-crash of 2008 coming, when the entire economy teetered on the brink of total collapse? If they are indeed economic experts, why didn’t their predictive models give us any advance warning?

Joe Hussein Mama

June 7th, 2012
9:48 am

M. RIghty — “This site is full of liberal bloggers including chairman Jay; do anyone of you know a songle person who is employed today in a job created by the “stimulous”?

Yes. All the contractors building the new fire station in South Cobb, right across the street from my rheumatologist’s office. There’s a great big sign on the worksite specifying that the construction is being paid for by ARRA.

Jm-pass TSPLOST unless you love congestion

June 7th, 2012
9:50 am

Just to settle the who is lending to whom thing

The government is lending to itself by printing money

This is generally a bad idea

But that is what us happening

Granny Godzilla - Union Thugette

June 7th, 2012
9:50 am

Why does everybody on the planet (except Fox News) lie to Republicans?

That’s not at all very nice.

rightwingextreme

June 7th, 2012
9:50 am

Jay, my point is that you selectively copied and pasted only that part of the testimony that made the stimulus look good while attempting to throw the GOP under the bus by saying they would have let the economy tank and would have enjoyed it.

A little bit of research, it only took me about two minutes to google impact of stimulus, and you could have had the more complete version of the CBO’s estimate which I provided.

Besides, no where in the article does he suggest this was the high end estimate, or that it was an estimate for that matter.

So I guess I could ask the question….what part of that don’t you understand?

Butch Cassidy

June 7th, 2012
9:51 am

RAMBLE ON!!! – “So, you are willing to admit King Obama had no idea what he was talking about then?”

Maybe he will if you admit that King John had no idea what he was talking about in September 2008:

“On a day when Wall Street was melting down, Republican Sen. John McCain insisted Monday that the nation’s economy was “fundamentally strong,”

RAMBLE ON!!!

June 7th, 2012
9:53 am

Granny, the truth hurts. Maybe that’s why liberals can’t speak it.

Jay

June 7th, 2012
9:53 am

Mighty:

A.) Your link is two years old.
B.) You initially claimed the Fed was borrowing from the banks; now you claim it is the federal government. They are separate entities.
C.) Google “quantitative easing,” through which the Fed has injected massive amounts of capital into the financing sector.

ty webb

June 7th, 2012
9:54 am

Paul,
you bring up an interesting dichotomy…the “anti-tax” crowd(me included) must admit that if the stimulus failed, then lowering taxes doesn’t necessarily equate to more jobs…and the “raise taxes” crowd, if touting the stimulus as a success, proves that lowering taxes does create more jobs…

Butch Cassidy

June 7th, 2012
9:54 am

JHM – “Yes. All the contractors building the new fire station in South Cobb, right across the street from my rheumatologist’s office. There’s a great big sign on the worksite specifying that the construction is being paid for by ARRA”

What? their building a fire station in Georgia too? Say it isn’t so. I thought we were just lucky here in NYC. Do you think that perhaps, there are currently multiple projects around the country being funded by ARRA? Please don’t tell Mighty Righty, he might hurt himself looking for some spin.:)

Kamchak ~ Thug from the Steppes

June 7th, 2012
9:54 am

Granny, the truth hurts.

Splinters from pressure treated wood hurt.

The truth?

Nope.

Jay

June 7th, 2012
9:55 am

Extreme writes:

“Besides, no where in the article does he suggest this was the high end estimate, or that it was an estimate for that matter.”

Elmendorf told the committee that “CBO’s own analysis found that the package added as many as 3.3 million jobs to the economy…”

Again, extreme, what part of “added as many as 3.3 million jobs” don’t you understand? What do you think “as many as” means?

Paul

June 7th, 2012
9:56 am

Mighty Righty

Based upon the examples Butch Cassidy and I provided, do you acknowledge people are working today at jobs created by stimulus funding?

Emod

June 7th, 2012
9:56 am

Wow, another blame Republicans column…I wasn’t expecting that. The Obama economy is wonderful. He saved us from from the the worst recession since the Great Depression. I think if he says it enough he thinks it actually is true as the “true believers” swoon and get a funny feeling up their leg in all 57 states.

Granny Godzilla - Union Thugette

June 7th, 2012
9:56 am

RAMBLE ON

Piffle.

You can’t HEAR it.

You can’t – your petty parsimonius unpreposessing inner self has
blocked any possibility of honor or character.

That truth really hurts. Hurts you. Hurts our nation.

Kamchak ~ Thug from the Steppes

June 7th, 2012
9:57 am

I think if he says it enough he thinks it actually is true…

The smoking gun is the mushroom cloud.

Butch Cassidy

June 7th, 2012
9:58 am

Paul – “Based upon the examples Butch Cassidy and I provided, do you acknowledge people are working today at jobs created by stimulus funding?”

Don’t forget JHM. Apparently we are the only 3 people on the planet to have actually witnessed an ARRA project being worked on.

Joe Hussein Mama

June 7th, 2012
9:58 am

B. Cassidy — “What? their building a fire station in Georgia too? Say it isn’t so. I thought we were just lucky here in NYC.”

Ayup. It’s right across the street from the Wellstar building at Cooper Lake Road and the East-West Connector in South Cobb, if anyone wants to go have a look-see at the sign.

“Do you think that perhaps, there are currently multiple projects around the country being funded by ARRA?”

Can such things BE? :D

“Please don’t tell Mighty Righty, he might hurt himself looking for some spin.:)”

I’m sure he’ll find some excuse for it, as usual.

Adam

June 7th, 2012
9:59 am

I think if he says it enough he thinks it actually is true as the “true believers” swoon and get a funny feeling up their leg in all 57 states.

Well Romney wants us to believe in AmerCIA so PPPBBBBBTTTTTTTTTTT!!!!!

See? Anyone can play that childish game! :lol:

Paul

June 7th, 2012
10:00 am

ty webb

When one takes all the stand-alone assertions, bumps them up against each other, then examine the historical record, it does bring out some interesting inconsistencies, doesn’t it?

That’s the point at which one would hope people would say “huh, maybe what I’ve thought isn’t exactly right, so I’m going to revise my position.

But what I gather usually happens (here, anyway) is people say “that’s BS!” and lapse back into their comfort zone.

Granny Godzilla - Union Thugette

June 7th, 2012
10:00 am

Stimulus Jobs?

Seen Rhodes Jordan Park lately?

AND…they did a beautiful job.

JOE COOL~DoWnToWn THUG

June 7th, 2012
10:01 am

“Second, what part of “as many as 3.3 million jobs” don’t you understand?”

Reading comprehension escapes him……

Jim

June 7th, 2012
10:01 am

I wonder how much better the economy would be if the government had let the income earners keep their money and spend it as opposed to the government picking pet projects such as funding oversees car companies?

JKL2

June 7th, 2012
10:02 am

Women and children aren’t safe to walk the streets at night with all these evil Republicans on the loose. They want to starve your children and poison the water supply, take away healthcare, social security, close your schools and some even think women who can’t figure out they’re pregnant within 6 months should actually have the kid.

Why can’t the police do something about them?

stands for decibels

June 7th, 2012
10:02 am

Apparently we are the only 3 people on the planet to have actually witnessed an ARRA project being worked on.

if only there were an online resource that people could use that describes what projects have been worked on! That would set folks’ minds at ease, you would think.

Adam

June 7th, 2012
10:02 am

Jim: if the government had let the income earners keep their money and spend it

Fallacy. Just because you have 300 times more income does NOT mean you buy 300 times more stuff. In fact, evidence clearly shows you don’t.

ty webb

June 7th, 2012
10:02 am

Paul,
Revising one’s position is good and all, but it’s just so much easier to demonize the other “side”.

carlosgvv

June 7th, 2012
10:02 am

Call It Like It Is – Not meant to be taken seriously.

Paul

June 7th, 2012
10:02 am

JMH

Didn’t mean to leave you out. ;-)

Mighty Righty

Okay, based upon what Butch Cassidy, JMH and I said…..