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More stimulus unnecessary

January 2, 2014

The “Great Recession” from which the nation still is recovering was sparked in large measure by a massive downturn in real estate markets....

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(22)

TiredOfTax

Jan-05-14 9:24 AM

(CNSNews****) - Uncle Sam—AKA the federal government—went on a New Year’s Eve binge, adding a net of $125,202,709,546.99 to its total debt in just the one day of Dec. 31, 2013, according to the U.S. Treasury.

That equals approximately $1,088.60 for each of the 115,013,000 households the Census Bureau currently estimates there are in the United States.

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MrBoB51

Jan-05-14 9:01 AM

Dave admires failure TOT, it takes practice. Awesomeness takes practice too, failure is easier.

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TiredOfTax

Jan-04-14 10:06 AM

DAVE..."They saved other vital components of our economy, such as the US auto industry." We have been over this a million times... we LOST nearly 11 BILLION DOLLARS on GM alone. We gave the Italians Chrysler and they just bought out enough of the union shares to hold tightly to control of the company. Using your logic maybe we should give China the rest of the country to save us from ourselves? At least we will still be here right? Our country would be MUCH better off if Obama and his administration never existed! Not a single thing he has done is worth the time or money we have invested, a total FAILURE!

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MrBoB51

Jan-04-14 8:22 AM

That's cute dave. I agree, calling you a commie lib IS an insult and since you're guilty of being one it is a character attack also, a BOGO if you will.. If you don't like it and take it personally, defend being a commie lib. If you can't or won't defend it you'll just have to put up with me insulting, ridiculing and shoving your collectivist nonsense in your face whenever I can. I do not approve of your commie/progressive/liberals ideology and am not afraid to say it, anonymous or in person.

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Anglero

Jan-04-14 12:59 AM

Stimulus or no stimulus we would of have a consequence, neither would of have been good,so imagine letting banks collapsed and AIG not pay their policies, a run in the money market funds, simply another Great Depression , I'm glad that we stop the bleeding, yes, the recovery is slow, yes people are still hurting, would you like to imagine the alternative? . The beautiful thing about our country is that we individually have the power to make our own decisions, so work hard, laugh more often and just prepare your self for a rainy day.

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DaveGibson

Jan-03-14 11:23 PM

The stimulus programs weren't just about saving Wall Street. They saved other vital components of our economy, such as the US auto industry. Other facets of it was things like infrastructure repair. Repairing and rebuilding roads and bridges, etc. The bail outs were not just about Wall Street.

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drugsrus

Jan-03-14 5:42 PM

Dave, maybe we would be better off today IF they had let "tanked". We really need a better class of street people. Why was everything good when CEOs (on average) were making 30 times what the lowest person in the company made ? Now they are in the 4000 plus times what that lowly sap makes and they want more. How come the Goldman-Sachs crooks never did a perp walk??? IF it all had collapsed a few years ago, maybe by now we would be on the road to recovery.

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DaveGibson

Jan-03-14 3:42 PM

I see you're still flinging your personal insults, MrBob. Are you this small and petty in person too, or only when you're anonymous?

I supported both Bush's and Obama's stimulus spending. It's been long proven to work, and it needed to happen. Without it, our economy would have surely tanked.

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drugsrus

Jan-03-14 11:28 AM

It looks like "they" aren't talking to the people effected by the real economy. I do some work in an area directly related to how the economy is doing. There is no money around. People have nothing left after paying for life's necessities. So tell me how we are in recovery It is still not good out there and unemployment numbers are dropping because those who have exhausted their benefits and quit looking for work no longer count. I was in that under employed boat for almost 20 years. And as bad as things got I never applied for any kind of welfare. It's called survival -

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TiredOfTax

Jan-03-14 7:40 AM

When President Bush foolishly signed the first bailout/stimulus bill, DEMOCRATS were in charge and UPPED the figure that Bush suggested. Pelosi said go big and they did. Obama loved the idea so much he did it over and over. They even had trouble wasting all the money that they "set aside". Great way to run a country!

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TiredOfTax

Jan-03-14 7:37 AM

Stimulate the people that you have HARMED with Obamacare! An Oregon mother, who has been a “cheerleader” for Obamacare, now says she can’t afford health insurance for her and her 18-month-old son due to regulations included in the Affordable Care Act.

Kate Holly, 33, told KOIN-TV that she has been a strong supporter of Obamacare because she thought the health care law “was designed for people in my situation.” The mother, a freelance yoga instructor, joins a growing list of Obamacare supporters who have expressed shock that they can’t afford to enroll in the law they supported.

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MrBoB51

Jan-03-14 7:23 AM

I guess poor dave's memory is shot. He forgot all about the Congress that approved Bushes requests..all those Dems dont exist huh dave? Come up with something new will you? I mean, it's almost like dave keeps repeating BS hoping THIS time somebody will fall for it since he already did and he's lonely. Poor dave, but take heart, there IS a cure for liberalism...it's called 'The Truth', try it for once.

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Annarondac

Jan-03-14 6:54 AM

I seem to remember, the Bush stimulus came right before Obama's first inauguration. I also remember President Bush asking Obama if he approved of the plan on Bush's watch or to postpone it to Obama's term. Obama agreed that it was fine for Bush to push the first stimulus through. Also, President Bush warned Congress of the coming implosion of the mortgage debacle at least 5 times during his terms and tried to get congress to act on reform. Barney Frank, Chris Dodd and Co. refused to acknowledge that there was a problem.

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Smerdyakov

Jan-02-14 10:02 PM

*is should have been if. derp...

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Smerdyakov

Jan-02-14 10:00 PM

Also Yukon is we're the teabaggers (as you like to call us) your the teabaggee. dunk dunk.

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DaveGibson

Jan-02-14 9:55 PM

Holy crap. Without a doubt, the most ignorant editorial yet from the corporate guy in the mail room.

What of the Bush stimulus? What about the fact that, despite the greatest recession since the Great Depression, this economy is recovering, as anemic as it is.

The "massive downturn in the real estate markets" was a symptom, not a cause.

The US is very slowly climbing out of the Bush recession caused by two unfunded wars and tax cuts for the wealthy. Deal with it.

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Smerdyakov

Jan-02-14 9:16 PM

Yukon this is for you. The mortgage crisis came about in large part because of Clinton-era government pressure on lenders to make risky loans in order to “make home ownership more affordable for lower-income Americans and those with a poor credit history,” the DC Examiner notes today. “Those steps encouraged riskier mortgage lending by minimizing the role of credit histories in lending decisions, loosening required debt-to-equity ratios to allow borrowers to make small or even no down payments at all, and encouraging lenders the use of floating or adjustable interest-rate mortgages, including those with low ‘teasers.’”

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MrBoB51

Jan-02-14 4:46 PM

Well yukon, looks like you're ANOTHER liberal who has been reduced by the truth to demanding those of us Americans who are Taxed Enough Already do your bidding pay up and stfu. Not a chance. When will one you Commie liberal/progressive step and have a honest and compelling debate? So far all libs seem to be focused on is barking and trying to bite that hands that feeds them. All brought to us by your silly dream of Utopia. Bunch of fools.

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Pards13

Jan-02-14 3:40 PM

Typical name calling liberal.You created the entitlement mentality and now you wonder why it cannot support itself. I think you are in for real surprise when the midterms are over. Why do you think the ACA for big employers is postponed till 2015. A coincidence?

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yukonjack

Jan-02-14 2:46 PM

Republicans made the mess and have obstructed the fixing of this mess since day one.TEA baggers Goper need to sit down stfu and leave the political work to the adults left in the room..Mid terms should rid MY country of the tea bag plague!

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TiredOfTax

Jan-02-14 1:48 PM

I would like to see them repay when their plan goes belly up without the promised results. We were promised the world and we got robbed! As MrBob said we have not recovered from the aid that was given, we are SLOWLY recovering in SPITE of this administrations continued failures. Time to move aside and let the REAL MEN take care of it!

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MrBoB51

Jan-02-14 12:56 PM

We are NOT recovering from the Great Recession...more like on constant life support. Get the Govt out of the Private Sector, they can't handle it, they don't know how because hardly any of our current leaders have ANY Private Sector experience. Rather, they sat around the faculty lounge bemoaning how they could do so much better if they had a chance. They got their chance and then proceeded to royally screw things up. This is what you get when you have an Education with zero Knowledge, just stupid ideas.

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