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  1. #946
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    Re: The $825B Economic Stimulus Package

    If you go to the debtclock.org site, you can go back to 2000 and see the number of people on food stamps then vs. now. It's also interesting to note how that number skyrocketed when BO took office.

  2. #947
    Joined
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    Re: The $825B Economic Stimulus Package

    Quote Originally Posted by kbohip View Post
    If you go to the debtclock.org site, you can go back to 2000 and see the number of people on food stamps then vs. now. It's also interesting to note how that number skyrocketed after BO took office.
    Going back to 1975.. peaks and valleys until the last 2+ years when Mt. Obama appears.



    Food Stamps Charts

    "The most dangerous myth is the demagoguery that business can be made to pay a larger share, thus relieving the individual. Politicians preaching this are either deliberately dishonest, or economically illiterate, and either one should scare us...
    Only people pay taxes, and people pay as consumers every tax that is assessed against a business."


    -The Gipper


  3. #948
    Joined
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    24,183

    Re: The $825B Economic Stimulus Package

    2+ years.. $20 million stim buck$$.. 14 jobs and 3 homes finished.

    "shovel ready"



    Seattle's 'green jobs' program a bust

    Last year, Seattle Mayor Mike McGinn announced the city had won a coveted $20 million federal grant to invest in weatherization. The unglamorous work of insulating crawl spaces and attics had emerged as a silver bullet in a bleak economy – able to create jobs and shrink carbon footprint – and the announcement came with great fanfare.

    McGinn had joined Vice President Joe Biden in the White House to make it. It came on the eve of Earth Day. It had heady goals: creating 2,000 living-wage jobs in Seattle and retrofitting 2,000 homes in poorer neighborhoods.

    But more than a year later, Seattle's numbers are lackluster. As of last week, only three homes had been retrofitted and just 14 new jobs have emerged from the program. Many of the jobs are administrative, and not the entry-level pathways once dreamed of for low-income workers. Some people wonder if the original goals are now achievable.

    "The jobs haven't surfaced yet," said Michael Woo, director of Got Green, a Seattle community organizing group focused on the environment and social justice.

    "It's been a very slow and tedious process. It's almost painful, the number of meetings people have gone to. Those are the people who got jobs. There's been no real investment for the broader public."

    'Who's got the money'

    The buildings that have gotten financing so far include the Washington Athletic Club and a handful of hospitals, a trend that concerns community advocates who worry the program isn't helping lower-income homeowners.

    "Who's benefitting from this program right now – it doesn't square with what the aspiration was," said Howard Greenwich, the policy director of Puget Sound Sage, an economic-justice group. He urged the city to revisit its social-equity goals.

    "I think what it boils down to is who's got the money."

    Organizers and policy experts blame the economy, bureaucracy and bad timing for the program's mediocre results. Called Community Power Works, the program funds low-interest loans and incentives for buildings to do energy-efficient upgrades. They include hospitals, municipal buildings, big commercial structures and homes.

    Half the funds are reserved for financing and engaging homeowners in Central and Southeast Seattle, a historically underserved area. Most of the jobs are expected to come from this sector.

    But the timing of the award has led to hurdles in enticing homeowners to bite on retrofits. The city had applied for the grant at a time of eco-giddiness, when former Seattle Mayor Greg Nickels was out-greening all other politicians except for Al Gore. Retrofits glowed with promise to boost the economy, reduce consumer bills and lower greenhouse gas emissions.

    "A triple win," is how Biden characterized it.

    By the time Seattle won the award, homeowners were battered by unemployment and foreclosures. The long-term benefits of energy upgrades lacked the tangible punch of a new countertop. And the high number of unemployed construction workers edged out new weatherization installers for the paltry number of jobs.

    "Really, we couldn't have rolled out this program at a worse time," said Greenwich, who had helped write the city's grant proposal.

    "The outcomes are very disappointing. I think the city has worked really hard, but no one anticipated just how bad this recession was going to be, and the effect it was going to have on this program."

    City feels 'cautiously optimistic'

    As of last week, 337 homeowners had applied for the program. Fourteen had gotten a loan, or were in the process of getting one.

    "Yes, we're not seeing as many completed retrofits as we wanted to," said Joshua Curtis, the city's manager for Community Power Works. "While everyone would like to see more upgrades, I think we're feeling cautiously optimistic."

    He said the residential portion of program didn't launch until April. He said there was a normal summertime lull in work and that he expected things to pick up in the fall. He was confident that the city's marketing campaign and loan partner held promise.

    Curtis said there were factors outside the city's control, such as the economy. And he attributed frustration among job-seekers to a "mismatch" in the timing of two federal grants.

    Before the city got the $20 million, some local agencies, including Got Green, had received funds in a government push to train workers in weatherization. But the anticipation of landing career-path jobs evaporated as months went by with no work.

    "People are frustrated and rightly so," Curtis said. "There's been sort of a lag time when people graduated from those programs."

    They include Long Duong, 32, who got a certificate in sealing air leaks and insulating walls after he was laid off from a job handling bags at the airport. But he soon found that other men had more qualifications than him, and he took part-time gigs - installing light bulbs and canvassing doors – while waiting for work.

    A year later, he's still looking.

    "I haven't given up yet," said Duong, of South Seattle. "Weatherization is another opportunity for me."

    Curtis said the money that financed the Washington Athletic Club and hospitals doesn't draw from funds reserved for single-family homeowners. He said the program's standards will ensure that people targeted by the program – low-income workers – will get good jobs. And he said the WAC project will create some new work in September.

    "We're not where we want to be, but we have a path forward," he said.

    City needs to 'step up its game'

    But will the city hit its goals? Curtis was hopeful Seattle would make it by 2013, when the funding ends. Greenwich, of Puget Sound Sage, said the city needs to retrofit 100 to 200 homes a month to create 2,000 jobs. Woo, of Got Green, thinks the city needs to throw more money on incentives.

    Greenwich said the energy retrofit market has turned out to be extremely complicated, with required hammering out of job standards, hiring practices, wages and how best to measure energy benefits.

    "The city is really going to have to step up its game to get the 2,000 retrofits," Greenwich said.

    "But if this would have been easy, it would have been done already."
    "The most dangerous myth is the demagoguery that business can be made to pay a larger share, thus relieving the individual. Politicians preaching this are either deliberately dishonest, or economically illiterate, and either one should scare us...
    Only people pay taxes, and people pay as consumers every tax that is assessed against a business."


    -The Gipper


  4. #949
    Joined
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    California
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    24,183

    Re: The $825B Economic Stimulus Package

    Billions spent.. green jobs/green shoots = no dice.

    Green-jobs explosion a “pipe dream,” says …

    Investors Business Daily hammers the idea that the US will see a vast expansion of a green-jobs economy. In an article today, the conservative publication not only publishes data showing that the Porkulus money that would supposedly create a multitude of green jobs ended up creating nearly none at all, the application of billions of dollars in subsidies has actually resulted in a net loss of jobs in this sector over the last two years. The article calls the fantasy that government subsidies to the so-called “green” industries would create millions of jobs “a pipe dream.”

    Oh, wait, excuse me. That’s not Investors Business Daily. It’s the New York Times:

    In the Bay Area as in much of the country, the green economy is not proving to be the job-creation engine that many politicians envisioned. President Obama once pledged to create five million green jobs over 10 years. Gov. Jerry Brown promised 500,000 clean-technology jobs statewide by the end of the decade. But the results so far suggest such numbers are a pipe dream. …

    A study released in July by the non-partisan Brookings Institution found clean-technology jobs accounted for just 2 percent of employment nationwide and only slightly more — 2.2 percent — in Silicon Valley. Rather than adding jobs, the study found, the sector actually lost 492 positions from 2003 to 2010 in the South Bay, where the unemployment rate in June was 10.5 percent.

    Federal and state efforts to stimulate creation of green jobs have largely failed, government records show. Two years after it was awarded $186 million in federal stimulus money to weatherize drafty homes, California has spent only a little over half that sum and has so far created the equivalent of just 538 full-time jobs in the last quarter, according to the State Department of Community Services and Development. …

    Job training programs intended for the clean economy have also failed to generate big numbers. The Economic Development Department in California reports that $59 million in state, federal and private money dedicated to green jobs training and apprenticeship has led to only 719 job placements — the equivalent of an $82,000 subsidy for each one.
    The Times went to the Obama administration’s most visible adviser on green jobs, and remarkably, even reported why he’s no longer at the White House:

    “I won’t say I’m not frustrated,” said Van Jones, an Oakland activist who served briefly as Mr. Obama’s green-jobs czar before resigning under fire after conservative critics said he had signed a petition accusing the Bush administration of deliberately allowing the Sept. 11 terrorist attacks, a claim Mr. Jones denies.
    Well, he did sign the petition, and it did say that “high-level government officials may have deliberately allowed the September 11th attacks to occur.” In fact, Jones didn’t deny signing it; he merely denied agreeing with it.

    Since I brought IBD into the story, let’s read what they’ve written about green-jobs stimulus this week:

    Stimulus funds intended to boost the green economy haven’t been well spent. The latest example of this is Monday’s bankruptcy filing by Evergreen Solar Inc.

    The Massachusetts company that the White House once said “is hoping to hire 90 to 100 people” thanks to stimulus money has $485.6 million in debt. Evergreen closed a factory in March, reports the Boston Herald, and cut 800 jobs. A Michigan plant is to be shut down, as well, causing the loss of even more jobs.

    Evergreen isn’t the only supposed conservation company that can’t make it even when fronted with piles of taxpayer money. Green Vehicles of Salinas, Calif., which has burned through more than $500,000 in money “invested” by the city, folded last month without having produced anything of significance. The company promised it would employ about 70 and pay back Salinas taxpayers with $700,000 a year in city taxes.

    Farther north in Seattle, stimulus funds are also being wasted. A $20 million federal grant for home weatherization has, according to KOMO news, retrofitted only three houses and created 14 jobs in more than a year.
    It looks like the Right and Left agree: green-jobs stimulus is a waste of money and time. It’s time to get government out of the social-engineering business. Not only does it cost us a fortune, it just flat-out doesn’t work.

    Meanwhile, via Allahpundit and the headlines, it looks like all the taxpayer subsidies for the Chevy Volt are paying off just as well as the rest of the green-jobs stimulus efforts from the Obama administration:

    Introduced last December, Volt is one of the first new vehicles to test the potential market for electric propulsion. It has been going head-to-head with Nissan’s pure battery-electric LEAF. Sales of the two vehicles have been marginal, at best, though the makers insist that has more to do with limited supply than buyer demand.

    Through the end of July, Chevy has sold about 3,200 of the plug-in hybrids compared to 4,500 Nissan Leafs. But both makers have begun ramping up production, General Motors forecasting sales of around 16,000 for the year as a whole – including a small number of Volt clone Opel Amperas targeted at markets abroad.

    But a new study by CNW marketing raises a red flag, finding that the potential buyers GM is most counting on are rapidly losing interest in the Volt. In March, 21% of so-called Early Adapters said they were “very likely” to consider buying a Volt, while 38.1% said they were “likely” to do the same. That slipped to 14.6% saying “very likely” in July, and 31.1% “likely.” Among EV Enthusiasts, reports the CNW study, the number of those likely or very likely to consider Volt fell from a combined 71% to 51% during the same four-month period. …

    The big problem is the plug-in’s price, CNW data indicate. When first introduced, the Volt carried a $41,000 sticker, though it qualified for a $7,500 federal tax credit. For 2012, the Chevy will drop to $39,995, a $1,005 cut, though it is still thousands more than the Leaf – and nearly double the price of a base Chevrolet Cruze compact, which shares the same underpinnings as Volt.
    I have no problem with the private sector taking a flyer on new technology. I have a big problem with taxpayer funding to indemnify them against the very obvious risks of producing a vehicle at twice the cost and half the real value of its competition. Time to pull the plug on taxpayer support for the Volt, especially since the only people who will claim the tax credit will be those who would have bought the car anyway.
    "The most dangerous myth is the demagoguery that business can be made to pay a larger share, thus relieving the individual. Politicians preaching this are either deliberately dishonest, or economically illiterate, and either one should scare us...
    Only people pay taxes, and people pay as consumers every tax that is assessed against a business."


    -The Gipper


  5. #950
    Joined
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    24,183

    Re: The $825B Economic Stimulus Package

    More taxpayer funded stupidity...

    Federal Stimulus Funds for Nevada's Green-Industry Grows Trees, But Few Jobs

    A federal stimulus grant of nearly $500,000 to grow trees and stimulate the economy in Nevada yielded a whopping 1.72 jobs, according to government statistics.

    In 2009, the U.S. Forest Service awarded $490,000 of stimulus money to Nevada's Clark County Urban Forestry Revitalization Project, aimed at revitalizing urban neighborhoods in the county with trees, plants, and green-industry training.

    According to Recovery.gov, the U.S. government's official website related to Recovery Act spending, the project created 1.72 permanent jobs. In addition, the Nevada state Division of Forestry reported the federal grant generated one full-time temporary job and 11 short-term project-oriented jobs.

    It also resulted in the planting of hundreds of trees -- which critics say is about the only good thing that came out of this stimulus project.

    "Looking at the failure of the stimulus to live up to its promises, not just in Nevada, but throughout America, I think the question becomes ‘is there any good use of stimulus money?'" said Douglas Kellogg, communications manager for National Taxpayers Union, in an email to FoxNews.com.

    A Nevada state official has a simple explanation for the low job growth.

    "If the question is ‘was this a job-creating project?’ the answer is 'no, it wasn't,'" said Bob Conrad, public information officer for the Nevada Department of Conservation and Natural Resources. "It was one of a number of projects that we do believe helped improve natural resources in the state."

    Conrad said the $490,000 is being used for a number of projects. Those projects include tree inventories, salaries for staff at the nurseries through the Nevada Division of Forestry, plant material and plant supplies.

    "The goal obviously was to make trees available to local government entities, parks, schools, things like that, at our state nursery," said Conrad. "We basically grew and provided about 2,000 trees to these local entities."

    The grant also funds Spanish-language training for Hispanics in the landscaping and tree care industry to "develop employability skills and increase job retention."

    Conrad could not say how many, if any, jobs were created by that training.

    "We had to put together projects within very specific parameters. If the particular project you're referring to didn't create jobs necessarily, that's really something that's beyond the parameters of the program and it's really something you'd have to ask the federal government, the U.S. Forest Service."

    Repeated calls by FoxNews.com to the U.S. Forest Service were not returned.

    A project summary provided by Conrad showed an even lower amount of full-time jobs, with 1.37 full-time employees at the Las Vegas Nursery.

    Conrad explained that the number of full-time jobs is low because most of the tasks, such as planting trees or driving plants from the nursery to participating schools or parks, are given to individuals on a short-term basis via a temp agency. For example, 11 people were hired temporarily for different aspects of the project, such as planters, trainers, drivers, and individuals to develop programs.

    "You're not going to hire a driver full-time for this entire project if the driver is only needed for a limited number of hours," said Conrad. "It wouldn't make good business sense to hire a full-time person to do something that's really just a short-term need for the project."

    Nevada has the highest unemployment rate in the nation, which, according to latest U.S. Department of Labor statistics, stood at 12.9 percent in July.

    Kellogg said that the low job growth from this project could rub taxpayers the wrong way.

    "Job-killing taxes, or more debt for a downgraded nation, are not likely to bring relief to our unemployment crisis," said Kellogg.

    Conrad said that only 60 percent of the stimulus money has been used so far and of that amount, 90 to 95 percent of it is already allocated to salaries, sub grants, and other projects.

    "The project isn't done," said Conrad.

    But Kellogg believes it's a bad use of taxpayer money during these tough economic times.

    "The president may well propose new stimulus efforts when Congress returns from recess,” said Kellogg, “and those who learn from past stimulus debacles will not be fooled again.”
    "The most dangerous myth is the demagoguery that business can be made to pay a larger share, thus relieving the individual. Politicians preaching this are either deliberately dishonest, or economically illiterate, and either one should scare us...
    Only people pay taxes, and people pay as consumers every tax that is assessed against a business."


    -The Gipper


  6. #951
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    Re: The $825B Economic Stimulus Package

    A cool half billion plus shot down the crapper. Wonder if the SCOAMF will be available for a photo-op when they lock the doors.

    Solyndra Filing a Disaster for Obama

    President Obama faces political catastrophe in the form of Solyndra -- a San Francisco Bay area solar company that he touted as a gleaming example of green technology. It has announced it will declare Chapter 11 bankruptcy. More than 1,100 people will lose their jobs.

    During a visit to the Fremont facility in spring of 2010, the President said the factory "is just a testament to American ingenuity and dynamism and the fact that we continue to have the best universities in the world, the best technology in the world, and most importantly the best workers in the world. "

    It's not his statements the administration will regret; it's the loan guarantees. The President was celebrating $535 million in federal promises from the Department of Energy to the solar startup. The administration didn't do its due diligence, says the Government Accountability Office. "There's a consequence if you don't follow a rigorous process that's transparent," Franklin Rusco of GAO told the website iWatch News.

    The President touted the federally back money as a way to create jobs. The President's opponents immediately jumped on the deal as Solyndra made its first layoffs.

    Republican Congressman Cliff Stearns of Florida warned, "I am concerned that the DOE is providing loans and loan guarantees to firms that aren't capable of competing in the global market, even with government subsidies."

    Another critic, Fred Upton of Michigan: "The unfortunate reality is that loan guarantee highlights many of the systemic flaws associated with the stimulus in the mad dash to spend hundreds of billions of dollars."
    I dunno about the rest of you.. but I can hardly wait for this SCOAMF to outline his "new" jobs plan.

    "The most dangerous myth is the demagoguery that business can be made to pay a larger share, thus relieving the individual. Politicians preaching this are either deliberately dishonest, or economically illiterate, and either one should scare us...
    Only people pay taxes, and people pay as consumers every tax that is assessed against a business."


    -The Gipper


  7. #952
    Joined
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    Re: The $825B Economic Stimulus Package

    Was lookin at the WH blog on that busted green wet dream Solyndra.

    Solyndra: Illustrating a Recovery Act Supply Chain

    Where they say:
    The plant expansion now underway has already enabled the creation of over 3,000 construction-related jobs and Solyndra estimates that the new factory could create as many as 1,000 long-term jobs in operations and supply. Likewise, a formerly empty field will soon be home to a state-of-the-art manufacturing plant that produces clean energy products that can be exported to the world.
    I'm a local dude and know that facility used to house Maxtor's magnetic media division. I knew they did a facelift on the building when Solyndra took over but had no idea they added onto it. This seems seriously foolish with all the unoccupied manufacturing space here in the Bay area. Class "X" clean room space is easily had for cheap. C&C the most prolific land management firm could have probably hooked them up for a fraction of the cost of building their own space.

    "The most dangerous myth is the demagoguery that business can be made to pay a larger share, thus relieving the individual. Politicians preaching this are either deliberately dishonest, or economically illiterate, and either one should scare us...
    Only people pay taxes, and people pay as consumers every tax that is assessed against a business."


    -The Gipper


  8. #953
    Joined
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    Re: The $825B Economic Stimulus Package



    Not. Everyone knew the "stimulus" was just one big political payoff.

    House Committee Steps Up Investigation Of Solyndra: How Did They Get Such Low Interest Rates?

    erumSerum sets this story up nicely. First there's video of Obama bragging on his terrific investment of taxpayer money in this shovel-ready tax-dodge...

    Every day that you build this expanded facility, as you fill orders for solar panels to ship around the world you’re demonstrating that the promise of clean energy isn’t just an article of faith, not anymore. It’s not some abstract possibility for science fiction movies or a distant future, 10 years down the road or 20 years down the road. It’s happening right now. The future is here.
    The future is in Chapter 11, Champ.

    And then there's this chart comparing the interest rates Solyndra paid the government, for loans secured from the Treasury's private bank, the Federal Financing Bank.

    John from VerumSerum explains further:

    Congress requested documents related to the Solyndra loan from the Office of Management and Budget. After three months and zero documents produced, a hearing was scheduled. An OMB deputy director was asked to attend but didn’t show up, claiming a scheduling conflict. Finally, OMB allowed that congressional staff could view some of the requested documents on site, but when they arrived in mid-July not all the documents were available and some that were made available had been redacted. Specifically, the information on risk ratings had been lined out. Given that this was exactly the information congress had been looking for the entire exercise was becoming a waste of time. At this point the committee held a hearing to consider issuing a subpoena for the documents.
    Why would Solyndra get such sweet interest rates for what is obviously now -- and also was obviously then -- a high-risk investment? Well, maybe because one of its "prime financial backers" was an Obama 2008 fundraiser.

    The House Energy Committee wants some answers about all of this.

    In a letter to the White House, committee Chairman Fred Upton and Oversight and Investigations Subcommittee Chairman Cliff Stearns requested a scheduled briefing on the matter by no later than September 12 and asked for all documents related to the loan guarantee between Solyndra and the White House.

    ...

    “We have learned from our investigation that White House officials monitored Solyndra’s application, and communicated with DOE and Office of Management and Budget (OMB) officials during the course of their review in 2009 and when those officials were restructuring the Solyndra deal this year,” Upton and Stearns wrote. “Documents received by the Committee also show that DOE and OMB officials were aware of the White House’s interest in the Solyndra loan guarantee. In addition, we are also aware that a major investor in Solyndra, George Kaiser, was a bundler for President Obama’s 2008 campaign.”
    Solyndra was the beneficiary of over a half billion dollars in guaranteed federal loans, almost all of which money is now presumably lost.

    Half a billion dollars.

    You know what's scary?

    There was a time when this would have been considered a major White House financial scandal.

    Now?

    Just a half billion dollars. Why make a fuss?
    "The most dangerous myth is the demagoguery that business can be made to pay a larger share, thus relieving the individual. Politicians preaching this are either deliberately dishonest, or economically illiterate, and either one should scare us...
    Only people pay taxes, and people pay as consumers every tax that is assessed against a business."


    -The Gipper


  9. #954
    Joined
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    California
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    24,183

    Re: The $825B Economic Stimulus Package

    What you got for that $1.1 trillion..

    August Unemployment by the Numbers


    After more than two and a half years of the Obama Administration’s destructive policies—including record spending, uncontrolled debt, the constant threat of higher taxes, and excessive regulations—unemployment remains staggeringly high and is showing no signs of getting better. Today’s labor report reiterates a sad fact that Americans already know: the economic recovery has stalled and President Obama’s economic policies have failed.

    Zero: The number of new jobs added in the month of August, the first month since September 2010 that the economy has failed to add a single job.

    9.1%: The unemployment rate for the month of August—the same rate as July and the second highest monthly level in 2011. Only 2 out of the last 28 months have seen unemployment below 9 percent (February and March 2011). From March 2009 (the month after the failed $1.2 trillion “stimulus” was signed) through August 2011, unemployment has averaged 9.4 percent. Prior to President Obama taking office, unemployment had not been above 9 percent in 28 years.

    31: The number of consecutive months the unemployment rate has been at or above 8 percent—the level the president said unemployment would never reach if the “stimulus” was approved. Prior to the enactment of the “stimulus,” unemployment had not been above 8 percent for two and a half straight years since the Great Depression.

    13,967,000: The number of unemployed Americans looking for work in the month of August, an increase of 36,000 from July and the second highest number of unemployed workers of any month in 2011. The number of unemployed eclipsed 13 million for the first time in history two months after President Obama took office and has remained above 13 million for 30 straight months.

    -58,000: The number by which jobs gains in June and July were revised downward. The estimate for job creation in June was revised from 46,000 to 20,000 and job growth in July was revised downward from 117,000 to 85,000.

    2,431,000: The number of net jobs the economy has shed from February 2009—when the Democrats’ “stimulus” was signed into law—through August 2011. On average, the economy has lost 78,419 jobs each month over that span.

    15,800: The combined number of construction (-5,000), manufacturing (-3,000), and retail jobs (-7,800) that were lost in the month of August.

    45,183,931: The number of Americans receiving food stamps as of June 2011, only the second month in history with more than 45 million food stamp recipients. Today, 14.5 percent of Americans receive food stamps, an increase of 40 percent since President Obama took office.

    1.7%: The annual GDP growth rate the Office of Management and Budget now expects for 2011, according the Mid-Session Review of the president’s budget. GDP growth expectations are down a full percentage point from an expected 2.7 percent growth rate when the president’s budget was first released in February 2011.

    40.3: The average number of weeks it takes for job seekers to find a job—the second longest average time that Americans have been unemployed since the statistic was first recorded in 1948. The only month higher was July 2011 with an average of 40.4 weeks unemployed.

    34.2: The number of hours in an average work week in August, down from 34.3 percent in June and July, a sign of a greater slowdown in activity than economists had expected.

    8,826,000: The number of Americans who worked only part-time in August because they could not find full time employment, an increase of 430,000 from July. The number of people working part time for economic reasons reached 8 million for the first time in history in February 2009, the month the “stimulus” was enacted, and has remained above 8 million for 31 consecutive months.

    6,034,000: The number of Americans unemployed and searching for work for more than 27 weeks in the month of August. Since President Obama took office in January 2009, the number of people unemployed for more than 27 weeks has increased by 124 percent.

    1,241,000: The number of job seekers that are new to the workforce and have yet to find a job. The number of new workers who cannot find a job has been above 1 million for two years.

    25.4%: The unemployment rate among job seekers between the ages of 16 and 19 in August, up 0.4 percent from July. Youth unemployment has been above 24 percent for 27 months, the longest streak since the Great Depression.

    16.7%: The unemployment rate among African Americans in August, up 0.8 percent from July and up 31 percent since President Obama took office.

    11.3%: The unemployment rate among Hispanics and Latinos, an increase of 14 percent since President Obama took office.

    14.3%: The unemployment rate among Americans without high school diplomas, an increase of 16 percent since President Obama took office.

    6.5%: The level at which the Obama administration claimed unemployment would be today if the “stimulus” was signed into law.

    $1,161,000,000,000: The total cost of the Democrats’ “stimulus.” CBO estimates the cost of the bill will reach $821 billion and interest on the debt for the bill will be at least $347 billion.
    Remember.. the recession ended in June 2009 long before the "stimulus" kicked in. Since then look at the track record above and this chart..



    Then try to say with a straight face the policies of the SCOAMF™ in the WH has not made the situation worse and slowed any chance of a recovery.

    "The most dangerous myth is the demagoguery that business can be made to pay a larger share, thus relieving the individual. Politicians preaching this are either deliberately dishonest, or economically illiterate, and either one should scare us...
    Only people pay taxes, and people pay as consumers every tax that is assessed against a business."


    -The Gipper


  10. #955
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    Re: The $825B Economic Stimulus Package

    SCOAMF ?

    LOL - I had to look that up.

  11. #956
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    California
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    24,183

    Re: The $825B Economic Stimulus Package

    Quote Originally Posted by Enmore View Post
    SCOAMF ?

    LOL - I had to look that up.


    "The most dangerous myth is the demagoguery that business can be made to pay a larger share, thus relieving the individual. Politicians preaching this are either deliberately dishonest, or economically illiterate, and either one should scare us...
    Only people pay taxes, and people pay as consumers every tax that is assessed against a business."


    -The Gipper


  12. #957
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    9,577

    Re: The $825B Economic Stimulus Package

    Quote Originally Posted by AMDScooter View Post
    What you got for that $1.1 trillion..

    August Unemployment by the Numbers




    Remember.. the recession ended in June 2009 long before the "stimulus" kicked in. Since then look at the track record above and this chart..



    Then try to say with a straight face the policies of the SCOAMF™ in the WH has not made the situation worse and slowed any chance of a recovery.



    George Bush did it.

    Oh wait that's not right!!! The Tea Party did it.

  13. #958
    Joined
    Aug 2003
    Location
    West Richland, WA
    Posts
    6,397

    Re: The $825B Economic Stimulus Package

    Brian

  14. #959
    Joined
    Mar 2002
    Location
    California
    Posts
    24,183

    Re: The $825B Economic Stimulus Package

    Had a doomed to fail business model from go. Never turned a profit. Sold every unit it shipped at a loss. Zipped through over a half Billion dollars of taxpayer backed loans. Declared bankruptcy. SUCCESS!!

    KEENE: Obama blows another billion on green fantasies
    Crony capitalism may have lurked in the shadows of this solar-panel bust


    . . .
    Mr. Chu’s spokesman argued that “the project that we supported succeeded. The facility was producing the product it said it would produce, and consumers were buying the product.”
    . . .
    "The most dangerous myth is the demagoguery that business can be made to pay a larger share, thus relieving the individual. Politicians preaching this are either deliberately dishonest, or economically illiterate, and either one should scare us...
    Only people pay taxes, and people pay as consumers every tax that is assessed against a business."


    -The Gipper


  15. #960
    Joined
    Mar 2002
    Location
    California
    Posts
    24,183

    Re: The $825B Economic Stimulus Package

    Hidden nugget in Obama's speech last night. Despite all his and Wasshername Schultzie's recent mind numbing rhetoric about how the last stimulus was working out so well.. he admits the economy has stalled.

    OBAMA ADMITS FAILURE TO CONGRESS – “The Economy Has Stalled” (Video)

    President Obama admitted tonight in his speech to the Joint Session of Congress that his policies have failed…
    The economy has stalled.

    Yes that’s AFL-CIO President Richard Trumka in the background in the video.

    From the president’s spending speech:

    The purpose of the American Jobs Act is simple: to put more people back to work and more money in the pockets of those who are working. It will create more jobs for construction workers, more jobs for teachers, more jobs for veterans, and more jobs for the long-term unemployed. It will provide a tax break for companies who hire new workers, and it will cut payroll taxes in half for every working American and every small business. It will provide a jolt to an economy that has stalled, and give companies confidence that if they invest and hire, there will be customers for their products and services. You should pass this jobs plan right away.
    $800 Billion to have the unemployment rate nowhere near the rosy picture team "0" painted. But hey... I'm sure team "0" knows exactly what they are doing this time around... lets do the exact same thing and expect different results!!

    "The most dangerous myth is the demagoguery that business can be made to pay a larger share, thus relieving the individual. Politicians preaching this are either deliberately dishonest, or economically illiterate, and either one should scare us...
    Only people pay taxes, and people pay as consumers every tax that is assessed against a business."


    -The Gipper


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