Reality check on the stimulus plan:

[Felix The Assassin]

http://news.yahoo.com/s/ap/20090608/...obama_stimulus

"At the time, our forecast seemed reasonable," Vice President Joe Biden's top economic adviser, Jared Bernstein, said Monday, explaining that the White House underestimated the scope of the recession. "Now, looking back, it was clearly too optimistic." By now, according to earlier White House economic models, the nation's unemployment rate should be on the decline. The forecasts used to drum up support for the plan projected today's unemployment would be about 8 percent. Instead, it sits at 9.4 percent, the highest in more than 25 years. Some analysts believe the White House is still not being realistic, that Obama will be lucky if any real job creation from his recovery effort is seen by the end of the year, let alone the employment explosion he predicts.

As stated before, credit is due when warranted, and this warrants credit due to Obama.

[Kezardin]

Howdy FtA,

don't know if you've read any of the columns by Paul Craig Roberts.

If he's correct then the waste product has yet to hit the oscillating device...

http://www.counterpunch.org/roberts02242009.html

http://www.counterpunch.org/roberts06032009.html

Quote :

How long will Americans permit “their” government to rip them off for the sake of the financial interests that caused the problem? Obama’s cabinet and National Economic Council are filled with representatives of the interest groups that caused the problem. The Obama administration is not a government capable of preventing a catastrophe.

Unquote :

[Felix The Assassin]

Originally Posted by Kezardin Howdy FtA, don't know if you've read any of the columns by Paul Craig Roberts. If he's correct then the waste product has yet to hit the oscillating device... http://www.counterpunch.org/roberts02242009.html http://www.counterpunch.org/roberts06032009.html Quote : How long will Americans permit “their” government to rip them off for the sake of the financial interests that caused the problem? Obama’s cabinet and National Economic Council are filled with representatives of the interest groups that caused the problem. The Obama administration is not a government capable of preventing a catastrophe. Unquote :

Easy now K, you might find yourself being accused of a Fox news broadcaster who only listens to Rush L. and his ilk. Or, you might even find yourself being associated with me, which for the life of them, the liberal left cannot find their fifth point of contact, even with the assistance of my mirror. Now if you don't mind, please stop giving away my web site hot links. Next thing you know, there will be all kinds of accusations being flung about.

[Kezardin]

Originally Posted by Felix The Assassin Easy now K, you might find yourself being accused of a Fox news broadcaster who only listens to Rush L. and his ilk. Or, you might even find yourself being associated with me, which for the life of them, the liberal left cannot find their fifth point of contact, even with the assistance of my mirror. Now if you don't mind, please stop giving away my web site hot links. Next thing you know, there will be all kinds of accusations being flung about.

Howdy FtE,

What ???? MOI an acolyte of the Rushmeister ?

'Tis just that I don't see the sense of going into debt on an unprecedented scale (Australian government is doing the same ) to solve a problem that was precipitated by debt...

Spend the folding on infrastructure and development, certainly - things that have long term, tangible benefits make sense.