The Stimulus Is A Failure

[Ogie Oglethorpe]

I guess to some, long-term economic growth is not important.

So... what exactly WAS the goal of the "stimulus"? A short term shot in the arm or a long term economic growth? And if it was the later, or the later was a part of it, shouldn't it be deemed to not really be a "stimulus" that needed to be passed YESTERDAY(tm)?

Face it Obama lied the economy died.

[DaShi]

The economy was already dying when Obama arrived. Nothing he said could alter that.

[Lorizael]

Even strong Keynsians don't think that long-term growth is a valid target for spending.



The whole idea is that increased government deficits during periods of economic slack allow the gov't to employ temporarily idle resources. In the long run, when the economy is operating close to capacity then gov't spending MUST crowd out private spending.

Then again, are you surprised that zkribby would say something that epically idiotic? He's a union lawyer who doesn't understand what unions do.

Your last paragraph should be replaced with a post in the personal attack thread that says something along the lines of, "LORI OMG UR A TERRIBLE LAWYER."

[KrazyHorse]

Eat me. I just bought a poly lifetime subscription. Plus I have general badass immunity. And I'm currently sporting a Taxi Driver mohawk. All the middle aged women at Whole Foods were scared of me yesterday.

[zakubandit]

Lori...its never gonna work man. Restricting freedom of speech is the same as eliminating it. Forcing all to direct a bash comment onto 1 thread...its chaos man. It is doomed to never work.

Except as a joke of course.

[DaShi]

Shut up. . .Lori.

[Dinner]

I refuse to shop at Whole Foods simply because they charge twice the price for everything. Besides I can get great fresh organic produce for cheaper then regular supermarkets just by going to one of the two dozen or so farmer's markets we have around here.

[KrazyHorse]

Would that be because SAN DIEGO is so awesome?

[/asher]

[Drake Tungsten]

July unemployment figures are out...

[Ogie Oglethorpe]

We're saved.

[Drake Tungsten]

Not necessarily; the country still lost ~150,000 jobs in July. Hopefully August will have some real employment gains.

[KrazyHorse]

240k or so was the headline number I heard

EDIT: 247k

This is also one of the only months where Canada did worse than the US. 45k, unemployment unchanged

Still, it looks like our pain is only going to be ~60% of yours when all is said and done

[Drake Tungsten]

The 240k figure is for non-farm payrolls.

[Ogie Oglethorpe]

Not necessarily; the country still lost ~150,000 jobs in July. Hopefully August will have some real employment gains.

What what what? You mean the media isn't reporting the folk that have given up on finding employment. But but but they so faithfully reported that meme back in 2003.

I'm shocked shocked I tells ya.

[KrazyHorse]

The 240k figure is for non-farm payrolls.

That's the biggest headline number each month

What's the 150k?