The Mudcat Café TM
Thread #127637   Message #3194507
Posted By: Sawzaw
24-Jul-11 - 05:22 PM
Thread Name: BS: The Republicans (US)
Subject: RE: BS: The Republicans (US)
"big ol' spending spree" Like $3+ million turtle tunnels? Like treadmills for shrimp?

That $787 Billion ARRA was going to fix the economy as it was after whatever spending from the previous administration that the Democrats voted for but want to deny. It was going to keep unemployment below 9%
The CBO Congressional Budget Office said that in the absence of a stimulus plan, the unemployment rate would rise above 9 percent.

The Job Impact of the American Recovery and Reinvestment Plan report from Christina Romer, chairwoman of the president's Council of Economic Advisers, and Jared Bernstein, the vice president's top economic adviser projected that the stimulus plan proposed by Obama would create between three and four million jobs by the end of 2010.

ESTIMATES OF JOB CREATION FROM THE
AMERICAN RECOVERY AND REINVESTMENT ACT OF 2009


As of the 4th Quarter of
2009 1.5 million
2010 3.5 million
2011 1.7 million
2012 0.3 million

Average for the Year
2009 0.7 million
2010 3.0 million
2011 2.5 million
2012 0.7 million

Gee, what happened?

Another $410 Billion Omnibus spending bill didn't fix anything either.

So now what?