Should They Have Called It The ‘Stabilization’ Act?

Damn can this guy lie or what?????LMAO the old saying “how can you tell Barry is lying?” His lips move

“Senior Economic Adviser Jared Bernstein said that the economy is improving — or at least getting ‘less bad.’”
I did a spit-take on this one! Skyrocketing unemployment means things are getting “less bad?” And what the horse-pucky kind of term is “less bad?”
At what point do people wake up and realize these goofballs are making it up as they go along? If this weren’t so sad because of how many people this garbage is hurting, this would be comical.

The politicians don’t have a freaking clue what’s going to happen. Neither did they have any idea if the $787 Billion ‘stimulus’ would work at all.
Even worse, clueless Ben Bernanke said there was no threat of a housing crisis – right before the housing crisis!
We’d all be better off if the politicians got out of the way and allowed the economy to recover on its own. Instead, their interventionist policies will simply extend the misery for everyone.

That Robert Gibbs is without a doubt one of the biggest morons on the face of the earth. It is painfully clear why Obama chose him: In the hope that by comparison Obama, Pelosi,Reid and Biden would appear to be geniuses. Somebody close to the throne needs to tell them it isn’t working. The short-sightedness of their agenda is digging us a hole we will never get out of.

I hope even diehard Obama supporters like Ryan C can openly admit what a pile of hogwash Gibbs and Co. are spouting about the AARA being a stabilizing act. No matter how you feel about the stimulus, and a lot of intelligent people took valid opposite views when it was proposed, you would have to admit that the President, his Cabinet, and other associated with this Administration sold this bill as a STIMULUS and promised immediate results.
If you want honest debate and are open to intelligent discussion on this message board and in life, you cannot dispute that fact.

So this whole time, they’ve been mispronouncing “stimulus” as “stabilization.” You’d think it was written by Sotomayor.

“Some Republicans have been critical of the AARA, saying that job growth hasn’t been quick enough.”
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If only those good, clean, honest Republicans were in power, they could cure this economy thing with a snap of their blessed fingers.

Oh, please, Danita. Maybe your hero could CUT A TAX sometime, since spending money we don’t have doesn’t seem to be working. Slow Joe Biden did his best to cover, but saying we are spending money to keep from going bankrupt is too stupid even for Joe to believe, although Chuck Schumer might buy it.

“Oh, please, Danita. Maybe your hero could CUT A TAX sometime, since spending money we don’t have doesn’t seem to be working.”
First arguing for tax cuts because you don’t want to spend money we don;t have is asinine.
2nd the stimulus package had tax cuts incorporated into it.
Right wingers and Republicans dishonestly count it as spending.

“Anybody read that book 1984 by G. Orwell?” Posted by: Terry | Jul 16, 2009 6:51:07 PM
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You mean that book in which the government comes up with phrases like “collateral damage” and “shock and awe” as double speak for killing massive numbers of civilians?

There were some tax cuts in the AARA, but they were mostly in the class of transfer payments/refundable tax credits to people that don’t pay many taxes. It’s an admirable proposition, but it wasn’t the most stimulative kind of cut.
A lot of conservatives argued for stimulus, but their stimulus was not anywhere close to as big as was more targeted on immediate spending. The major problem with this AARA, which was billed as something to be immediately stimulative, was that most of the spending occurs in 2010,2011, and beyond, which doesn’t make a lot of sense if you want to immediately stimulate.
The tax cuts conservatives argued for (even Ryan C says they argued for something and not nothing like Obama keeps straw manning about) were more pro-growth, like a payroll tax holiday and lowering of cap gains for businesses in the private sector. Many economists would and still argue that these had a better chance of creating jobs than increasing.
Either choice would’ve produced an immediate growth in the current deficit, which happens in a downturn, but the argument is that the private sector would be much more efficient in directing that cash to job creating causes than the public sector.
Conservatives were also in favor of shovel ready projects that our nation needs like transporation and rebuilding our defense equipment that has been used up in the two wars that we have going on. Defense spending is by law mostly already covered by the Buy American Act, so most of that spending would’ve naturally occurred in our strong local private industry.

Jason . . ..
There has been a global economic turndown – often referred to as one of the biggest economic crisis’ since the great depression. Global unemployment rates are rising faster than almost any other time in history.
The Recovery and Reinvestment plan is both a ‘cushion’ and a ‘stimulus’ during this very difficult economy.
As stated in the above article, the job creation part of the undertaking is a 2-year plan. Seems you’re awfully quick to start calling names and condemning. What exactly is your problem?

I agree! They are making it up as they go along. I’ve believed it since Bush/Paulson started this last fall.

Why don’t you just call it by its name . .. the American Recovery and Reinvestment Act . . .
Who cares if its a ‘cushion’, or a ‘stimulus’ or a combination of the words – we all know what its meant to do.
It’s meant to provide relief during a financial crisis and investment in the future.

The stimulus is working, I believe we would be in a worst position if it weren’t for the stimulus, but some of you want jobs on tap, when common sense will tell you it will take a little more time to achieve the goals and make the reforms so this will not happen again, we are driving in the right direction, but personally I believe most of the comment here has nothing to do with whether the stimulus is working or not, it the same ole same ole negative crowd, never changing , hoping for failure, wanting back in power by any means necessary…..You will not get in our way this time…… the time is now or never….. we are at our cross road for change and yes it will not all be comfortable, but when is anything good that will help the greater good easy.

Danilo . …
There has been a global economic turndown – often referred to as one of the biggest economic crisis’ since the great depression. Global unemployment rates are rising faster than almost any other time in history.
The Recovery and Reinvestment plan is a ‘cushion’, a ‘stabilizer’ and a ‘stimulus’ during this very difficult economy.
As stated in the above article, the job creation part of the undertaking is a 2-year plan.
Seems you’re awfully quick to start calling names and condemning.
If only the Republicans were in power they could fix this silly little ‘economy thing’ with a snap of their blessed fingers.

“Gibbs defended the pace of spending, saying that the White House is pursuing a path that spends the money as quickly, but also as responsibly as possible — not just to create and save jobs, but also to lay a foundation for future economic growth.”
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And coincidentally right before the 2010 mid-year elections. Pfft.

Doctor: “Mr. Smith, your cancer is less bad than it was.”
Mr. Smith: “Is that good?”
Doctor: “Of course it is! Less bad is good!”
Mr. Smith: “Does that mean I’m getting better?”
Doctor: “Um, I said your cancer was less bad.”
Mr. Smith: “Yes. And you said less bad was good, so that means I’m getting better!”
Doctor: “Well, err…no. You still have cancer. It’s still killing you and nothing we’ve done has really stopped it.”
Mr. Smith: “How is that ‘less bad’?”
Doctor: “Well you’re not dead yet. That’s less bad, right?”

This year I have been on vacation three times, twice to Disneyland and once to six flags, once at Disneyland there were so many people there it was hard to even move around, and at six flags the wait line for ride was even longer, and the eating places were full and I mean-full, now if the economy is all so bad as some people commenting here…but really! I know for a lot of people it is bad, but from where I am looking we seem have avoided a depression or worst, something somewhere seems to be working, and why do people even listen to these negative comments that the stimulus isn’t working when you know and I know what they want and the lie’s they want you to believe to get it, it been a little less than six month since the stimulus and it suppose to be a 2 year plan, at least give it the two years it was plan for, there are some working overtime to make sure you don’t see the good it is doing, they know if you see it they are doomed for a long time and they know this, it is working and it will work!…..why do you think they are so afraid.

Danita,
Your views are truly breathtaking…

Apparently, Obama and crew think the American people have forgotten what Obama said…His proposal of the American Recovery and Reinvestment was to immediately jumpstart job creation as well as long-term economic growth.
It isn’t working and the backtracking begins…

They think we are so stupid. Unfortunately, they are right.

How about we just call it the “Spending Bill”? No, seriously. That’s the point.

So this whole time, they’ve been mispronouncing “stimulus” as “stabilization.” You’d think it was written by Sotomayor.
Posted by: Jim Treacher | Jul 16, 2009 6:02:24 PM
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Welcome Mr. Treacher. Don’t be a stranger.

2nd the stimulus package had tax cuts incorporated into it.
Right wingers and Republicans dishonestly count it as spending.
Posted by: Ryan C | Jul 16, 2009 6:54:04 PM
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So let’s see now, you borrow 266? billion which the taxpayer eventually has to pay back with interest. Then you dribble it out to the taxpayer – and you call it a tax cut? Wow! Now that’s Obamanomics!

“Has it been two year already? it hasn’t even be 6 months, I thought the stabilization act was suppose to be implemented over two years, some of you can’t count or read.” Posted by: we’r1 | Jul 16, 2009 7:46:38 PM
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Clear point we’rl, almost universally avoided by the critics of the Recovery and Reinvestment plan . ..

Biden: Mr. President! The ship is sinking! What are you doing?
Obama: Rearranging the deck chairs, you idiot!

”
2nd the stimulus package had tax cuts incorporated into it.
Right wingers and Republicans dishonestly count it as spending.
Posted by: Ryan C | Jul 16, 2009 6:54:04 PM
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So let’s see now, you borrow 266? billion which the taxpayer eventually has to pay back with interest. Then you dribble it out to the taxpayer – and you call it a tax cut? Wow! Now that’s Obamanomics!”
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It’s $288 Billion and it’s in tax credits – ie. taxes that businesses, states and individuals do NOT have to pay, or can have adjusted.
You might remember the Republicans and the Bush administration set the example by overspending for 8 years straight – and at the same time cleverly pretended they were the party of lowering taxes – when in fact they were just borrowing money at a huge amount of interest to the taxpayer.

At least Joe Biden isn’t lying when he said today that the US was in trouble of going BANKRUPT!!! — Biden: “Now, people when I say that look at me and say, ‘What are you talking about, Joe? You’re telling me we have to go spend money to keep from going bankrupt?’” Biden said. “The answer is yes, that’s what I’m telling you.” — I just disagree with him saying we have to keep printing bad money to make it good!!!

Exactly where is the STABILIZED in unemployment still rising, house prices still falling, CIT failing, FDIC predicting 500 more bank failures, industrial production still still sliding. Soon Gibbs will call it the American De-acceleration but Still Sliding and Third Year Recovery Act(ADSSTYRA)

The sleight of mouth continues…Obama said the AARA would save or create 4 million jobs, not 3.5 million.

Get ready for more socialist spending of your money. To quote a friend of mine “they are about to find out what it is like to pay child support”. “For obama’s baby”.

And for the record,
A.) Obama must have by now set the rcord for most lies by a first term president and he is only 6 months in.
B.) Bush is very complicit in this mess also spending out of control for 6 of 8 years, but Congress is the real culprit in this mess.
C.) I truly predict civilian unrest is imminent as those who are being robbed by Peter to pay lazy Paul will be forced to jump ship, and then Peter will be forced to Rob Paul.
D>) Have any of you ever tried to start a business lately? Its utterly high risk, yet your success is subject to a tax penalty, and if you fail you lose everything, unless of course your to big to fail.
E.) America thanks in large part to the media i.e the FREE PRESS (joke) is a polarized nation of warring economic and social philosophies. The media has taken sides and is no longer an unbiased government watchdog. It has largely become a tool of the parties,and currently mostly for the left liberal democratic party. Even lefties proudly acknowledge that.
Be careful what you wish my friends. You just might get it. Byy that I mean this.
You may penalize the Rich into oblivian and feel good about it, and they will become extinct. $hit rolls down hill and so does the national debt. The faster it snowballs, the faster it will roll downhill, and those at the bottom of the hill stand to be crushed.
Its not the rich peoples fault. Its the SPENDERS Fault, ie Pelosi, Ried, Obama, Bush, any politicaisn that signs a bill withouit reading it, any politician who makes a promise he cant or doesnt have the balls to keep, and activist who pressures a govt or business to spend what they dont have, and any individual who spends more than they can possibly pay back.
We are imploding, literally being crushed by a Rolling Snowball of over spending debt. All these huge beauracratic tax and spend proposals, stimulus, Healthcare, Cap and Tax, promise to grow that snowball ever faster. It is unsustainable, and it could be the great equalizer, thus rendering us all trying to survive inflation and even higher tax burdens and opne day, somebody is going to have to tell the Chinese, we cant pay you back. And then what? War? Famine? Locust. Well I got news for ya.
The locusts have arrived. they are collectively called the US COngress and have siblings called state governments who also practice the same fiscal ineptitude. They feed off of our energy and rob us of our dignity, pride, productivity. Somehow, they think they are doing us a favor.

First of all, a country that claims to be based on Christian values should not have a problem taking care of the least among us, to be our brothers keepers. For 8 years, we had no trouble spending trillions of dollars & thousands of lives in Iraq but we scoff at spending money here at home, calling it communisim & socialism. We have become selfish & gluttonous. We worship the mighty dollar, the golden calf. And the most vocal of following this path claim to be followers of Christ. Amazing the hypocrisy…
We are ridiculous if we think that a problem that took at least a decade to create will dissolve in 6 months. It’s not realistic and people need to learn to have patience. We have become a country that needs instant gratification. Instead of learning anything from this experience, people are right back to wanting more and more. Give us back our jobs right now! Get us out of debt now! Well, how about some sacrifice? How about it takes time to undo what was done for 10 years? How about having some values that you actually have some integrity around? Please don’t call yourself Christian and then claim helping others is socialism or communism. Because otherwise you are saying Christ was a socialist. So either you are a Christian or you’re not. You can’t have it both ways. Going to church on Sunday and wearing a cross don’t make you Christian – following the actual teaching of Jesus Christ day in and day out to the best of your ability does.

Obongo, Polosi, and co. have done more damage in a few months than Bush did in 8 years. Start storeing canned goods, because I assure you we are heading for distruction!

Typical dem move. If it’s not working change what you say you wanted it to do. In all honesty it’s too soon to expect results, and they wasted too much of the money. What they should have done was given money directly to the people they steal it from and they should have given more to the unemployed.

To quote a friend of mine “they are about to find out what it is like to pay child support”. “For obama’s baby”.
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Does that make me a “baby daddy”?

===First of all, a country that claims to be based on Christian values should not have a problem taking care of the least among us, to be our brothers keepers. ===
I didn’t realize that Christ was referring to paying forced taxes. If that is all it takes to be a good Christian, some of us are better than others.

I misquoted the President – according to moderate, he actually said “immediately jumpstart job creation”. Probably still up to loose interpretation, depending on how things are going. ;-)

So when I highlight one part of the president’s stimulus-pitching speech when his supporters want to highlight other parts of the speech, I am ‘nitpicking.’ Here’s another line from that same speech, lest I be further accused of digging out one single line that does not accord with the rest of the speech. The president also said back in his January speech, “Finally, this recovery and reinvestment plan will provide immediate relief to states, workers, and families who are bearing the brunt of this recession.” Note the use of the “immediate.”
And as you say, Timmy, this was a major address by the president, where he was carefully crafting his message to sell the stimulus plan. It was not even a press conference comment, where one could say he was not able to be precise, or an off the cuff remark at a photo op (love the way you threw in that ice cream shop reference, TCT). Words matter, the president tells us. I am simply pointing out words that he used.

More than nitpicking one word from the mouth of The One, this is part of the new GOP video:
White House East Room, January 28, 2009 – “Now most of the money that we’re investing as part of this plan will get out the door immediately and go directly to job creation, generating or saving three to four million new jobs. And the vast majority of these jobs will be created in the private sector. Because, as these CEOs well know, business, not government, is the engine of growth in this country.”

It did do what they planned it to do. It allowed the government to take over businesses and industries and give control to the government. It wasn’t designed to “bailout” or “save” anything. I’m amazed that so many people fell for that. Well, maybe not. I mean he did preach socialism during his campaign and women fainted in his presence. I’m thinking people weren’t really paying attention to his agenda, but succumbed to his cult of personality. Women do faint for pop-cons, but not promises of Marxism. Still, this is what was chosen and we must suffer the consequences of it. Now he and the ruling party will take this “success” and build on it and seize control of more and more and put it under government rule. I mean, even now, Obama himself wants the White House to directly control Medicare payment rates and have the Congress sign off on it! It’s law in reverse! His plans are to be a dictator. No wonder Hugo Chavez is mentoring Obama and impressed by what he’s done so far. To Obama, the people aren’t there to represent, but to organize into a force to use against opposition of his Marxist agenda. Remember, he’s planning to build a domestic military police force to manage the citizens. The military isn’t allowed to police the people without Martial Law, but not a Domestic Military. That will be their purpose and his plans are for them to be as well funded, as large, and as powerful as the Navy, Marines, Air Force, and Army. Hey, what could possibly go wrong with that eh? I can’t imagine anything worse than a national version of the attacks at Waco or Ruby Ridge… Right?