Bush or Obama. What does Christina have to say about this.
One year in, the evidence is clear – and growing by the day – that the Recovery Act is working to cushion the greatest economic crisis since the Great Depression and lay a new foundation for economic growth.
- According to the nonpartisan Congressional Budget Office, the Recovery Act is already responsible for as many as 2.4 million jobs through the end of 2009
- As a result, job losses are a fraction of what they were a year ago, before the Recovery Act began
The American Recovery and Reinvestment Act:
- Cut taxes for 95 percent of working families through the Making Work Pay tax credit
- Cut taxes for small businesses
- Provided loans to over 42,000 small businesses
- Funded over 12,500 transportation construction projects nationwide, ranging from highway construction to airport improvement projects
- Made multi-billion dollar investments in innovation, science and technology that are laying the foundation for our 21st century economy
- Provided critical relief for state governments facing record budget shortfalls, including help to prevent cuts to Medicaid and creating or saving over 300,000 education jobs
Economists on the left and the right have stated that the Recovery Act has helped avert an even worse economic disaster.
“I realize that for every success story, there are other stories, of men and women who wake up with the anguish of not knowing where their next paycheck will come from; who send out resumes week after week and hear nothing in response. That is why jobs must be our number one focus in 2010.”
– President Obama
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group home bikes. I’ll be more than happy to set up a preachy politics blog for you if you’d like.
group home bikes. I’ll be more than happy to set up a preachy politics blog for you if you’d like.
I am trying to slow up but the shit keeps coming.
I am trying to slow up but the shit keeps coming.
And I don’t preach I inform.
And I don’t preach I inform.
Marc you should make a blog solely for me and Ed to go toe to toe on. Like Olbermann and Beck for the blog world haha
Ed– This is what you call positive PR spin. Unemployment is still at 10% and the private sector continues to shed jobs every month.
This may have created some temporary jobs, but taxing the shit out of people for a stimulus that hasn’t worked, creating and inflating our money and borrowing more from China to bailout banks is what.. helping the economy and longterm stability of the country? No.
Marc you should make a blog solely for me and Ed to go toe to toe on. Like Olbermann and Beck for the blog world haha
Ed– This is what you call positive PR spin. Unemployment is still at 10% and the private sector continues to shed jobs every month.
This may have created some temporary jobs, but taxing the shit out of people for a stimulus that hasn’t worked, creating and inflating our money and borrowing more from China to bailout banks is what.. helping the economy and longterm stability of the country? No.
the stimulus was touted as an economic act to spur job creation.. when Obma came in unemployment was at 7% and the distribution of funds in the stimulus didn’t go to creating jobs, most of it went to labor unions rather than boosting job creation.. so thats why unemployment sailed to 10% and is now at 9.5%
2.8 million jobs have been lost since the stimulus.
the stimulus was touted as an economic act to spur job creation.. when Obma came in unemployment was at 7% and the distribution of funds in the stimulus didn’t go to creating jobs, most of it went to labor unions rather than boosting job creation.. so thats why unemployment sailed to 10% and is now at 9.5%
2.8 million jobs have been lost since the stimulus.
Ok you think that Obama gave stimulus money direct to the unions? Right to the Carpenters union, Operating engineers union, Electricians union, Plumbers union, and Laborers union.Right? It didn’t go to the road work being done. No he cut them checks, right to the unions listed above. Right Christina?
No he gave the United States Governors the money to use in shovel ready projects . Then the Governors budgeted the money for different shovel ready projects for their State. Prepared bids for thousands of contractors to bid on. Then the lowest qualified bidder would get awarded the job. Now in most States your Road and Bridge work that is done must be paid prevailing wage. Prevailing wage is usually based on living costs in that State where the work is being done. Or based on union wages. Without the unions I don’t think we could build the great city we now have. So I think you need to stop hating unions.
GroupHomeBikes.com – Your #1 source for political opinion.
Ok you think that Obama gave stimulus money direct to the unions? Right to the Carpenters union, Operating engineers union, Electricians union, Plumbers union, and Laborers union.Right? It didn’t go to the road work being done. No he cut them checks, right to the unions listed above. Right Christina?
No he gave the United States Governors the money to use in shovel ready projects . Then the Governors budgeted the money for different shovel ready projects for their State. Prepared bids for thousands of contractors to bid on. Then the lowest qualified bidder would get awarded the job. Now in most States your Road and Bridge work that is done must be paid prevailing wage. Prevailing wage is usually based on living costs in that State where the work is being done. Or based on union wages. Without the unions I don’t think we could build the great city we now have. So I think you need to stop hating unions.
GroupHomeBikes.com – Your #1 source for political opinion.
I’m not hating unions.. i’m just saying this The American Recovery and Reinvestment Act /THE STIMULUS is a farce. The money did not go to creating jobs like it was supposed to and it did not stabilize the unemployment rate that was at 5% when Obama came into office.
Instead of looking at issues on party lines, you should really explore the core of what I am saying. It’s not about me hating Obama or Biden or Tim Geithner or Rham Emanuel. I really dislike most politicians on both sides- right and left, red and blue so it’s not about that and I did not like Bush either..
All I want you to understand is the affect this stimulus will have on the middle class. One stimulus will lead to the next and the next, which means more money printed with nothing backing it so in 5-10 years the whole system will collapse and then everyone in this country will know what poverty is– and its not just because of Obama, the Congress, or Geithner the unregulated Federal Reserve is at fault. the fed reserve gave trillions of dollars away for free to bankers on wall street at the expense of tax payers. our economy is dependent on easy money and cheap credit from the fed so the longer it waits to raise interest rates the greater the chances are that our economy will overdose on excess liquidity..
You really ought to be worried about the deficit and the inflation the govt has created.
OH NO SHE DIDN’T. YOU GOT SERVED ED!!!!
I’m not hating unions.. i’m just saying this The American Recovery and Reinvestment Act /THE STIMULUS is a farce. The money did not go to creating jobs like it was supposed to and it did not stabilize the unemployment rate that was at 5% when Obama came into office.
Instead of looking at issues on party lines, you should really explore the core of what I am saying. It’s not about me hating Obama or Biden or Tim Geithner or Rham Emanuel. I really dislike most politicians on both sides- right and left, red and blue so it’s not about that and I did not like Bush either..
All I want you to understand is the affect this stimulus will have on the middle class. One stimulus will lead to the next and the next, which means more money printed with nothing backing it so in 5-10 years the whole system will collapse and then everyone in this country will know what poverty is– and its not just because of Obama, the Congress, or Geithner the unregulated Federal Reserve is at fault. the fed reserve gave trillions of dollars away for free to bankers on wall street at the expense of tax payers. our economy is dependent on easy money and cheap credit from the fed so the longer it waits to raise interest rates the greater the chances are that our economy will overdose on excess liquidity..
You really ought to be worried about the deficit and the inflation the govt has created.
OH NO SHE DIDN’T. YOU GOT SERVED ED!!!!
I gots me a job
I gots me a job