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September 8th, 2011
08:12 AM ET
12 years ago
Stimulus added jobs - but not enough
New York (CNNMoney) - Despite non-stop criticism from Republicans, the Obama administration's efforts to help the economy has created jobs.
It just hasn't created nearly enough given the damage done to the labor market by the Great Recession.
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The stimulus worked, but the lying republicans won't acknowledge it. The stimulus included tax cuts in order to appease the worthless republicans, and they still voted against it; but when the job creating checks were presented to their districts, they were present for the photo opt to get their undeserved credit.
Republicans have been wrong on every important issue affecting Americans for 30 years.
Great Recession; we are in the second Great Depression!
The downward trend started in 2007 when the Democrats took over Congress and accelerated when Obama became president in 2008. We now have 3 of the 4 indicator of a second Great Depression in America, unemployment over 20%, housing sales the worst showing in 13 years and retail sales down year over year since Obama took office. Obama and his amateur hour administration have no clue how to create jobs, run a business and make payroll or a budget.
Most educated and well informed people already knew that the stimulus had created jobs ! Only uneducated and brain deads are still in self denial !
Then we NEED more stimulus, but this time lets have the cuts to offset the stimulus. NOT in SS and medicare but in the wasteful gov't reps pets.
Even that middle-of-the-road statement will never convice GOPsters. They will tell you that ARRA has destroyed jobs!
About time someone in the media told the truth about the stimulus! Why did it take so long and why did you let Republicans LIE about the stimulus for YEARS without anyone calling them on it! THE MEDIA'S JOB IS TO TELL TH E PUBLIC THE TRUTH, BUT THEY RARELY DO T HAT ANYMORE.
It is ludicrous that CNN has let the Rightwing Obama haters mislead so many citizens for SO LONG.
I will applaud Isadore for intelligently explaining what anyone that isn`t "grinding an axe" against the President knows – Government Spending on Infrastructure Works.
If we have a long term Strategic Vision for Highways or the Electrical Grid, or our Cargo Ship Ports that take them into the 21st Century, people benefit. [Corporations – aka "people" to Romney – also benefit. So for some ignoramus politician to say the stimulus has "failed" is a ruse.
With total debt [Corporate, Household, Government] at a record high of 375% of GDP, who else BUT the GOVERNMENT can spend to create the DEMAND that CREATES jobs? !!
For comparison sake, total debt in coming out of the 1981 recession [when Regan was Prez] was only 175% of GDP. So the economy had the ability to rebound faster. People resumed spending quicker. President Obama was handed a MUCH MUCH bigger mess.
$100B = 4 years of employment in 500,000 jobs [people] @ $50,000 per year
One more thing, CNN must be worried after watching the Republican debate last night, that's why they decided to tell the truth about the stimulus actually creating jobs and saving us from a depression. Obama is the only one running that has a clue!
That is not what happened. Look, man. The Earth is flat and the Stimulus failed. Kabbeesh?
LOL...the GOP will not give the President any credit for anything and the media for the most part, seems to struggle to tell the truth about a whole lot of things the GOP say against the President!!
"saved or created" nothing quantifiable, no accountability. This is what we elected with Obama. Yes, I made the same mistake you all did, and we're paying the price. I will not make the same mistake again.
At least it stop the bleeding in all honesty. No its time to get foilks back to work(private sector) not goverment so in short the president has done his job now its time for the companies to come off that 2 trillion there sitting on!
As the CNNMoney article points out, there is a false perception in the public that the president has done nothing to try to fix the economy.The 3 rounds of stimulus spending have all had some degree of effect and success in the economy, the most effective parts being direct job creation and the much-maligned auto industry bailouts, and the less effective part being the tax cuts that Republicans hail as the ultimate fix( with the least impactful of all being tax cuts for the upper-income earners).The main problem was that the stimulus wasn't large enough, but it was meant to be a stop-gap measure until the business sector started to hire again on its own; and when that didn't happen, and funds began to run out , it has helped get us to this point.Many factors have been out of his control, and regardless of how things appear, the president has done a better job of trying to turn the economy around than most people realize, and give him credit for.
We, the rational people of this country know the stimulus created & saved jobs. It's the TEAhadists that are in denial. We all said at the time it wasn't big enough. But who was against it being bigger? You guessed it.....the TEAhadists. Their intentions are not for the economy to recover.
Most of the jobs "created" were simply jobs saved from layoffs. Nothing much was created, that didn't already exist.
It is easy to save jobs that way.......but at what cost? Being foolish, hardly merits praise.