The Mudcat Café TM
Thread #131828   Message #2977727
Posted By: pdq
01-Sep-10 - 02:49 PM
Thread Name: BS: The Changing Face of America?
Subject: RE: BS: The Changing Face of America?
From the Times Magaize article above:

      "Critics have complained that while the New Deal left behind iconic monuments —   courthouses, parks, the Lincoln Tunnel, the Grand Coulee Dam — this New New Deal will leave a mundane legacy of sewage plants, repaved roads, bus repairs and caulked windows. In fact, it will create new icons too: solar arrays, zero-energy border stations, an eco-friendly Coast Guard headquarters, an "advanced synchrotron light source" in a New York lab. But its main legacy will be change. The stimulus passed just a month after Obama's inauguration, but it may be his signature effort to reshape America..."

Herbert Hoover tried the Keynsian economc model as soon as the Great Depression started, about three years before Rooseveld tried the same approach. FDR's efforts kept the mess going for another decade than it should have lasted. The Great Deprsission ended due an external cause: Pearl Harbor.

The Obama stimulus bill authorized about $770 billion, the War In Iraq cost $775 billion. The first is money spent in just over one year, the Iraq effort was spread over 7 1/2 years.

We have a free Iraq to show for the war. Ask Joe Biden, who "addopted" the war as his child. We have nothing much to show for Obama's "stimutate this" package except 1/2 million fewer jobs than we had when the bill passed. Claiming that "x number of jobs would have been lost without the stimulus bill" is just grasping at straws by it proponants.

Non such thing can be proven and the US public is getting real tired of the PR nonsense.