Stimulus Overhype?

“The Obama administration on Wednesday issued a booklet heralding the accomplishments of the $787 billion stimulus act 100 days after it was signed into law.”
So does Obama own the economy now or is he still going to carry around the Bush crutches?

Obama administration and overhype? Nah…..

Here are examples of the types of positions being created by the “American Recovery & Reinvestment Act (ARRA):
- ARRA Projects Coordinator (coordinates other programs funded by the stimulus)
- Grant Writer
- Marketing Specialist (to increase “public awareness of ARRA-funded services”)
- Job Readiness Program Coordinator (This is a job coordinating the program that gets people ready to get a job)
- Volunteer Income Tax Assistance (VITA) Program Coordinator (IRS program designed “to help low- and moderate-income taxpayers complete their tax returns at no cost”)
Our tax dollars at work…

So does Obama own the economy now or is he still going to carry around the Bush crutches?
after 8 years of bush destruction…yes Obama does man up with owning the economy in 4 months….but whining about the truth on how we got here does not erase facts…accept it and keep attacking Obamas every move.
and no one carries crutches better than rvissionist Cheney

As someone who witnessed the wasted money on projects in Iraq that were thrown together without actually sitting down and thinking of the importance of these projects longterm and whether such projects should even be attempted I fear my government has turned around and done the same thing with this stimulus. What we have is political hacks on both sides reacting to their fictious theories and hastily employing them without any debate. I am not question the war or even the stimulus just that we have complete morons that are leading our government agencies.

I was way better off over the last 8 years than I am now.

A few days ago you ran a story about how laid off workers had become entrepreneurs and started their own business. That’s how this recession will end.
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Maybe temporarily. There will be very few people, if any, allowed to keep their own businesses by the time this administration and congress are finished taking over.

The President himself we would get a line by line accounting of how the ‘stimulus’ money is spent, and even included money for all of the oversight of the spending.
Well? Could the White House please provide the link so we know where the money has gone?

IS ANYONE ELSE AS CONCERNED AS I AM ABOUT THE GOVERNMENT OWNING 72.5% OF GM?? GM SHOULD HAVE BEEN IN CHAPTER 11 MANY MONTHS AGO.

Pres. hopeychangey hasn’t got any idea how to run anything. He’s gong to try to force us to drive little boxes for cars that are not nearly as save. but maybe that’s his plan for fixing SS.

IS ANYONE ELSE AS CONCERNED AS I AM ABOUT THE GOVERNMENT OWNING 72.5% OF GM?? GM SHOULD HAVE BEEN IN CHAPTER 11 MANY MONTHS AGO.
Posted by: MJ | May 28, 2009 12:19:20 PM
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The flagrant thuggery and corruption in these auto company deals is staggering.
What is just as horrific is the silence of the dems and the media as they help this 3rd world dictator accomplish this, unchallenged, with their acquiescence.
Where are you people in all this.
Retirees are being robbed by Obama to pay off his union thugs.
Who here does not believe that he will forgive the loans and gradually transfer ownership to the UAW entirely, as has already partially happened with Chrysler.

Obama & Co. are keeping GM and Chrysler in business, but ultimately both entities will fail for a multitude of reasons (many/most of which a associated with government intervention). Perhaps then the Obama supporters associated with these companies will truly understand his objectives and how they have been pawns in his social engineering game.

why isn’t the presidential car a little bitty small car that runs on something other than fossil fuel!! Practice what you preach, BO.

foghorn : they’re hiding under a rock because it’s a bad news day and their savior is failing. 120 days into this and he’s made more of a mess than it was. Hope and change, how’s that working for Detroit today?

This man has done more to destroy America in 120 days than even Jimmy Carter, and I thought that was impossible. 2012 cannot come soon enough to get rid of him and hopefully 2010 will clean house in the House and Senate. Otherwise I think America is on it’s way out.

ANYONE ELSE AS CONCERNED AS I AM ABOUT THE GOVERNMENT OWNING 72.5% OF GM?? GM SHOULD HAVE BEEN IN CHAPTER 11 MANY MONTHS AGO.
Yes, I am. I am friggin scared. GM an Chrysler should had been filed bankruptcy rather than given billions. I want to know what is FORD b/c it seems to be smart right now.

“they’re hiding under a rock because it’s a bad news day and their savior is failing”
ROFLMAO!
You guys just got your racist butts handed to you over Sotomayor.

You guys just got your racist butts handed to you over Sotomayor.
Posted by: Ryan C.
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That statement lacks sensitivity.

Once again, MORE evidence that the government CANNOT possibly run a “universal healthcare plan” anything correctly! They can’t even report this information correctly.
We have a president who made a big time photo op and a big deal about these 25 jobs He had “saved”. What a crock of Sh!t!!!! Don’t bother telling those people in Columbus that Obama didn’t raise their taxes….Why is this happening at all. We were all told the stimulus bill did this. WHY are new taxes needed ?
If we allow universal healthcare to be run by the government can you imagine how many times a day that fool Gibbs will be running in front of a microphone to appologize for yet another “mistake”? I mean come on now!
By the way, where is all that transparency we were all PROMISED. If that were in place they way it was supposed to be, everyone would have had access to these numbers!!!!

Obama made it clear in the campaign that he wanted to level the field by spreading the wealth.
I think he is doing the same thing with national security. Obama seems to be fine with a weaker America–weak financially and militarily.
He has put America on a path where we are no longer the richest or the most powerful nation in the world.

“I think some of the people that voted for Obama are afraid and also stunned that he is really this bad.”
Based on what?
His 60%+ overall approval rating?
His 80%+ approval ratings among Dems?
His 60%+ approval rating among Indies?

Yea for Senator Vitter he is tackling the problem with legislation. No cost stimulus program. Just let us entrepreneurs do what we do best and get government out of the way. In a few months all sorts of creative inventions will hit the market. But why try if taxes take all of your profits.

The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation. Vladimir Lenin

The hollwood bourgeoisie seems to love the bump and grinding.

“The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation”
Tax rates are historically low.
2009 Inflation rates
Jan: 0.03%
Feb: 0.24%
Mar: -0.38%
Apr: -0.74%
But hey screaming socialist did wonder for the right wing in the election so why change that winning formula.

“It’s too easy and quick for people to do a little digging and prove you wrong.”
By all means, prove the impossible that Obama didn’t declare a disaster area yesterday.

too bad so few in the media are doing any serious reporting. Tapper is the only one pointing out Obamas arrogance, lies and mis deeds.

More of HYPE and CHANGE.
It’s plain as the nose on your face that even this 59K is money down the drain. Let’s take a look in a year and see if this expenditure has improved the quality of the residents’ lives or saved a single cent. I bet the solar panels will either not function or be destroyed, the plumbing bills will outweigh the water savings, and the residents will simply replace the low-flow shower heads because they don’t like them. Welcome to the Nanny state.
“I’m here from the Guv’ment and I’m here to help.” YEAH, RIGHT.

Seems like only Republicans are allowed to speak their minds here … You guys have alotta hatred in your soul. Surely you haven’t forgotten the scene when the doors of the White House opened 1/09 … the vault had been robbed … it’s up to US to replenish the stolen wealth. For Timothy Geithner & his Team to have turned the complete economic crash around in less than six months is nothing short of miraculous; the Democratic Party is shutting you down! Talk about inserting foot in mouth!

Our current government read the definition of fascism and said “Cool!”
If you don’t acknowledge we’re living in a fascist country now, you’re not living in reality.

This Obama supporter wasn’t too happy about the way Obama handled the flood situation in Florida. From the CFNews13 site:
“Even, um…they had a lot to say about George Bush, but at least George Bush was on the scene during Hurricane Katrina when everything was going down, you know?
“So therefore if he wasn’t going to declare a disaster area so we could get immediate action then he should at least come and show his face so he could see for himself what we’re going through.
“Cuz we would like to see you after everybody campaigned for Obama and worked so hard to get Obama in the chair. You got to do something.”

“202 man hours for plumbers and helpers”
How much money was spent doing deep background searches on each and every one of these persons? Are they licensed plumbers? Do they go by their first or middle names? Etc.

I usually don’t post comments, but found it humorous that this Ryan C guy had so much time to post over and over. Nevertheless, deflation, coupled with printing money is a sure fire recipe for inflation. It’s really just elementary economics.
Secondly, we didn’t spend our way out of the Great Depression. FDR tried two fascistic stimuli (recall the “Buy Blue Eagle” and how costs were set across the country. Also, livestock were killed in droves to artificially creat demand) prior to entering WWII, which is when we saw the rebound (which is why we needed multiple stimuli). The rebound was created by an upswing in production and a scarcity of goods. Try reading Milton Friedman or Amity Shlaes to get a perspective on what happened.

jake, i imagine you don’t read every comment (you don’t have time!), but if you happen to see this one: great reporting. i appreciate your fairness.

History of Gov’t Bailouts! Every Republican President starting with Nixon has put his signature on a Gov’t Bailout! I know congress plays a huge role in this but ultimately the president is accountable with his signature. I thought Republicans were against Gov’t Bailouts!
1970- Richard Nixon (R) $3.2 billion, 1971- Richard Nixon (R) $1.4 billion, 1974- Richard Nixon (R) $7.8 billion, 1975- Gerald Ford (R) $9.4 billion, 1980- Jimmy Carter (D) $4.0 billion, 1984- Ronald Reagan (R) $9.5 billion, 1989- George Bush Sr. (R) $293.3 billion, 2001- George Bush (R) $18.6 billion, 2008- George Bush (R) $30 billion, then $400 billion, then $180 billion, then $25 billion, $700 billion (TARP), then $280 billion, 2009- Barack Obama (D) $142.2 billion.
Interesting article on propublica.org/special/government-bailouts , they are tracking the bailouts, return of the money and also the results of past bailouts. Knowledge is power!

Twenty five years ago the Congress of the United States approved a new global business model or concept (called free trade). It was called NAFTA (North American Free Trade Agreement). This new deal was born in the United States by big business, and was developed over many years before it was introduced to Congress. The whole NAFTA project was basically hidden from the public, unions, and the people of this country until the very end. There was little to no public vetting, information, or discussions until it was to late. Congress quickly passed the bill and the President signed it. That event marks the beginning of the demise of our country. Our economy, government, and society have constantly been failing ever since NAFTA approved “opening the gates” for the exodus of our economic infrastructure to other countries. The private sector is failing rapidly with no hope for recovery because of the loss of so many factories and businesses that created jobs for our economy. The current failure rate of businesses in almost every area of our economy continues to escalate even after Obama spent almost a trillion dollars to “stimulate” the economy. Most people don’t realize the “stimulus” money went to stimulate the size of government. Our days are numbered.., anyone who invests in this dead end street we are on should re-evaluate their decision. Even the stock market does not have a bright future. The “strip mining” of America’s economic infrastructure, via NAFTA, is responsible for our demise as the greatest nation on earth. Politicians in Washington are responsible for creating this mess by approving NAFTA. At this point, the damage has been done, but voting every incumbent out of office in next years election sounds like the appropriate thing to do.

UPDATE: At today’s briefing, White House press secretary Robert Gibbs conceded that the entry about the DC Housing Authority project was not as accurate as it could have been.
Yeah, they are lying!

Sheriff Joe Biden is makin’ sure all yer money is spent wisely.
LOL.

Thank you Mr. Tapper for reporting on this issue and I hope you are able to continue. Currently I receive the majority of my news from internet sources and Fox News Network. I have refrained from ABC, CBS or MSNBC because I have not seen disassociated, third party reporting until now. You Mr. Tapper have given me reason to begin looking for your news reports on ABC. You have helped gain this viewer for your network.
I believe it very important for us all to remember that this is America and all Americans have a vested interest in what Washington is doing. When the people of this fine and great country come together as Americans to view the state and condition of our situation, then I believe we can and will get something done. I do not believe that one side or the other has all the answers but we as Americans can and will put our country back on the track of financial prosperity. Then will the opportunities for jobs return, the out of work, homeless will have opportunity to rebuild themselves as we all must do at some time in our lives.
Those who are still in business will be able to grow and expand to provide a viable product or service for the consumers of this country and then the world. I do not believe it is only about the United States of America but how can a nation expect to spread itself out into the world when we don’t even have company infrastructure to support that?
Will all who write on this issue here on this post consider working together as Americans first to fix our homeland?
I will work with you. I am an American first and of Italian descent second. I am thankful that my Creator chose to let me be born and raised in this country with so much at my disposal so I can make my life what I want. It is my hope that every person in this great country would also take on this perspective and see they too have the same opportunity at their feet.
Thank you again Mr Tapper and thank you all on this post for having interest in your country’s future.

Washington calls it “spin” when they twist the facts and the truth. I call it out and out LIES!!
Has anyone else noticed that we’re rapidly finding out just how worthless Obama’s “word” really is?

Well, there are some investors that are concerned about deficit spending and they can do something about it.
Bond Vigilantes Confront Obama as Housing Falters
Other economists are more pointed. After falling from 16 percent in the early 1980s, 10-year yields have nowhere to go but up, according to Richard Hoey, the New York-based chief economist at Bank of New York Mellon Corp.
“The secular bull market in Treasury bonds is over,” Hoey said in a Bloomberg Television interview. “It ran a good 28 years. They’re never going lower. That’s it. It’s over.”

Thank you Mr. Tapper for giving hope to a Libertarian that maybe the fourth estate will once again start looking out for ALL citizens of this great land. Keep up the good work! Might I add that I am not just giving you kudos for holding a liberal’s feet to the fire here. I will expect that you will just as tough on whoever might be in power 2 or 4 years from now. The greatest accolade you can hope for is when anyone in the US would say that I get my news from Tapper because he tells the truth.
Mike