Obama sure is keeping his promises, rriiiggghhht!

[jfalco]

It's not Obama's job to "fix" the business cycle with borrowed money.

Almost every economist agrees that the stimulus was a necessary evil. Would you prefer the great depression 2?

I don't like the idea of spending money we don't have either, but nobody seems to have a better idea. And in case you haven't noticed, it's working.

[thegodfather]

Almost every economist agrees that the stimulus was a necessary evil. Would you prefer the great depression 2?

I don't like the idea of spending money we don't have either, but nobody seems to have a better idea. And in case you haven't noticed, it's working.

Really? Every economist. Peter Schiff and Rick Santelli certainly dont agree that it's a necessary evil. Peter Schiff, who predicted when the bubble would burst, in fact every one of his predictions has been spot on. So the person who was able to see this coming, does not agree with the government bailouts at all. I'd say he has a little more credability than the rest of the economists who had their heads up their Keynesian asses.

[jfalco]

Really? Every economist. Peter Schiff and Rick Santelli certainly dont agree that it's a necessary evil. Peter Schiff, who predicted when the bubble would burst, in fact every one of his predictions has been spot on. So the person who was able to see this coming, does not agree with the government bailouts at all. I'd say he has a little more credability than the rest of the economists who had their heads up their Keynesian asses.

Do you not understand the word "almost"?

[Kratos]

Really? Every economist. Peter Schiff and Rick Santelli certainly dont agree that it's a necessary evil. Peter Schiff, who predicted when the bubble would burst, in fact every one of his predictions has been spot on. So the person who was able to see this coming, does not agree with the government bailouts at all. I'd say he has a little more credability than the rest of the economists who had their heads up their Keynesian asses.

Yes and to add to that...
who says the stimulus is working...the downturn is fueled by the media, and it's over when they say it is.
Obama is using a normal and natural downturn overplayed by the media as a huge gvmt power grab. Remember how scared they had you over swine flu...well, economy flu keeps wallets tight.
Paying our morgage with our credit card isn't stimulating the economy in the long run. The only thing that's been shown so far is increased spending despite a drop in GDP. That's inflation, not evidence of a working stimulus.
The reason why you have deep valley's in the business cycle, is having high peaks. Well, us paying back this debt has unreasonable expectations on further growth, expansionary policy followed by another bubble is in our future followed by another bust.

Build green jobs built on a new green industry...are people that stupid to think you can build an economy on that.
lets see we have electricity now
spend a butt-load of money on making new power gen equipment and employ lots of people.
Net result = we have electricity
how was that any different then giving them a welfare check besides keeping them busy?
fvck guess we didn't produce anything there, just devalue the crap out of the dollar and drive up the cost of the American workforce to make us less competitive in the global market. WE NEED TO MAKE SOMETHING or produce a service of value to the world to sustain our lifestyle.
Private enterprise fuels our economy and pays for big gvmt.

[SMCengineer]

Almost every economist agrees that the stimulus was a necessary evil. Would you prefer the great depression 2?

I don't like the idea of spending money we don't have either, but nobody seems to have a better idea. And in case you haven't noticed, it's working.

Funny how "almost every economist" doesn't include anybody from the Austrian School of Economics who were the only ones to consistently predict what was/is going to happen.