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Hey, How's That 800 Billion Dollar Stimulis Doing? Unemployment 9.5%
Remember back in January when we were told by Obama that if we passed the massive stimulis spending bill unemployment would peak at 8%. But if His plan didn't pass, unemployment would reach 9%. Well, the numbers are in. And now, with the stimulis, unemployment is 9.5%!
He told us what would come if we trusted him with 800 billion dollars and it looks like we have been had. Now, just think about what he is saying he'll do for health care and what the reality will be with his record.
11 comments from 7 users
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posted by
MoralMinority1
on Jul 2, 2009 at 06:24 PM
Good reporting Driln.Obama has made hundreds of promises he hasn't kept. It has all been sweet taking syrup. Nothing has come true, except for his promis of "change". He never did define that "change" during the campaign did he?People need to stop and think of how many and the magnitude of all his broken promises.posted by
ALICEN
on Jul 2, 2009 at 06:55 PM
driln: Has anybody ever accounted for the $2.5 million in stimulus checks sent to dead people? Just curious. One of the dead people had never even received Social Security checks, but he still got a stimulus check, ten or so years after death. Nice work if you can get it. Easy come, easy go. posted by
siouxcityranch
on Jul 2, 2009 at 11:20 PM
hahah I wish you woulda gave uus a klink Alicen..I need a good laugh..well maybe this aint so funny..wonder who the beneficiary is hmmmmm posted by
FloridaStateGrad
on Jul 3, 2009 at 06:23 AM
posted by
witterpitters
on Jul 3, 2009 at 07:01 AM
FSG: People have been know to forge someone's signature and also there is direct deposit. Two ways to cash the check. posted by
NancyII
on Jul 3, 2009 at 07:17 AM
Not to mention that the money is tied up and locked up until discovered when it could have been used for something productive. But, that's our government in action on a daily, yearly basis. Doesn't much matter who's in office. I still liked my $600 check from Bush better than my $200 stimulus check from Obama. That money went straight into the state treasury for DMV fees and never made it to circulate in the marketplace. Didn't help CA much either come to think of it. posted by
witterpitters
on Jul 3, 2009 at 07:29 AM
You Nancy! Our "stimulus check" went to the DVM since Ahhhhnold doubled the fees! I think Ahhhnold knew exactly what to do with "our" money..................prop up the state! posted by
NancyII
on Jul 3, 2009 at 07:32 AM
posted by
FloridaStateGrad
on Jul 3, 2009 at 07:54 AM
Look, I'm not happy with all this spending either. Most of you that tend to freak out about the current state of our economy tend to be quite a bit older than I am, so in reality, it's my generation that's in real trouble here. However, I have yet to see anyone come up with a logical idea that would be any better.
I don't think anyone really foresaw what's currently happening. If I have any anger at Obama, right now it's that he should not talk in absolutes, i.e. - if we do x, y will be the result. The economy is way too complex in it's issues currently for anyone to really predict anything.
I think the biggest mistake isn't necissarily that we're spending billions, but more that we're not timing it correctly. Money isn't being injected as fast as it should be. I think that's one of the main reasons why we haven't seen any positive growth yet.
Over all, I'll continue to speak the way I have - let's give the stimulus a chance to actually work before going crazy. Once again, I'm not all that enthusiastic about the billions of dollars being spent, but I feel that if I were to become upset, enraged, etc. that it would only steer my own personal situation into a more negative place. During a time when we have so much going wrong, I'd like to see some positive attitudes.. and if I have to be one of those who continues smiling during the bad times, I will. Mood definitely drives actions.
posted by
ALICEN
on Jul 3, 2009 at 01:19 PM
sioux: Check out the official U.S. Government Web site for Senator Tom Coburn (R-OK). He has a list of all the funny-business stimulus information. That's where I got the info about the $2.5 million going to dead people. And he didn't say anything about how much of it has been lost because of fraud. Do 'they" have the manpower to go after all the people to whom they sent $250? Think of the numbers of people it would take to find all the people who cashed these checks unlawfully. They'd probably have to spend another $2.5 million to go after the cheaters. But, as I said, easy come, easy go, right? Check out that Coburn Web site. (Oh, and I just remembered the I don't know how much money for guard rails around a dry lake. I guess they're afraid somebody could fall in.) posted by
zapped
on Jul 3, 2009 at 02:02 PM
I think the biggest mistake isn't necissarily that we're spending billions, but more that we're not timing it correctly. Money isn't being injected as fast as it should be. I think that's one of the main reasons why we haven't seen any positive growth yet. Timing and substance. A hefty amount of that bill was simply a longstanding partisan wish list that Democrats crammed through and had nothing to do with stimulating the economy.
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