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TIME:Obama's Stimulus Plan: Failing by Its Own Measure

hypocritexposer

Well-known member
The $787 billion stimulus plan is turning out to be far less stimulating than its architects expected.

Back in early January, when Barack Obama was still President-elect, two of his chief economic advisers — leading proponents of a stimulus bill — predicted that the passage of a large economic-aid package would boost the economy and keep the unemployment rate below 8%. It hasn't quite worked out that way. Last month, the jobless rate in the U.S. hit 9.5%, the highest level it has reached since 1983.
(See 10 ways your job will change.)

The two advisers who wrote the paper, Christina Romer and Jared Bernstein, went on to land key jobs in the Obama Administration. Romer is the head of Obama's Council of Economic Advisers, and Bernstein is the chief economist and economic-policy adviser to Vice President Joe Biden. And the stimulus bill that both economists championed became law in mid-February. What has not come to pass, however, is the boom in job creation that Romer and Bernstein predicted. A little over a month ago, the Administration said the stimulus bill had created or saved 150,000 jobs. That's a far cry from the 3 million to 4 million jobs that Romer and Bernstein foresaw back in January.

http://www.time.com/time/business/article/0,8599,1910208,00.html?xid=rss-topstories
 

backhoeboogie

Well-known member
Obama, the man who is "looking in to it" have now said he had the wrong folks looking in to it. I don't remember the exact terms but it had to do wtih bad input from his advisory group.

Even at this point, when Obama had admitted to mistakes, there are still those folks looking to refill their glasses with kool aid. Obama admitted the errs but they are in denial - even on this very forum.
 

Mike

Well-known member
We're about to enter a "Ship Jumping" era that U.S. politics has never seen.

Buckwheats inept decisions will set race relations back 100 years.

But the bad part is that America is worse off than ever. He has just about eroded all confidence for the future.......................... :roll:
 

TexasBred

Well-known member
backhoeboogie said:
Obama, the man who is "looking in to it" have now said he had the wrong folks looking in to it. I don't remember the exact terms but it had to do wtih bad input from his advisory group.

Even at this point, when Obama had admitted to mistakes, there are still those folks looking to refill their glasses with kool aid. Obama admitted the errs but they are in denial - even on this very forum.

"Garbage in.....garbage out". :wink:
 

backhoeboogie

Well-known member
TexasBred said:
backhoeboogie said:
Obama, the man who is "looking in to it" have now said he had the wrong folks looking in to it. I don't remember the exact terms but it had to do wtih bad input from his advisory group.

Even at this point, when Obama had admitted to mistakes, there are still those folks looking to refill their glasses with kool aid. Obama admitted the errs but they are in denial - even on this very forum.

"Garbage in.....garbage out". :wink:

It amazes me that Obama can admit to a mistake and MSM and the libs on this forum won't listen to their hero.
 
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