Congressional Budget Office to Obama, WTF dude?

[themadscientist]

http://www.washingtontimes.com...-haul/

Quote »President Obama's economic recovery package will actually hurt the economy more in the long run than if he were to do nothing, the nonpartisan Congressional Budget Office said Wednesday. [/quote]

[S13_love]

Damn....

We are truly f***ed no matter what.

[Urabus GodofTraction]

Damn....

We are truly f***ed no matter what.

Save your money, live below your means. Weather any storm.

[themadscientist]

Where is the bama-posse? Your silence is amusing, why no rush do defend the messiah?

[dusred]

Yup, they're getting more scarce around here as Obama continues to screw us and our Country. The same thing happened in Jesda's thread about the vet's health care. The libs hid in a hole until they were yelled at.

You know you're doing it wrong when a former communist tells you you're screwing the country.

[DJ Raijin]

Yup, they're getting more scarce around here as Obama continues to screw us and our Country. The same thing happened in Jesda's thread about the vet's health care. The libs hid in a hole until they were yelled at.

You know you're doing it wrong when a former communist tells you you're screwing the country.

amen. Jacko must have really got banned otherwise he'd be here singing hymns he wrote to our president.

[breadbox]

I knew that. Anyone surprised that throwing money at a the problem didn't fix it?

Its not like the we control our money.

[HashiriyaS14]

Don't look at me, I wish he'd be a little more incremental about it.

I can see why he'd be less than thrilled about that, given that's how Clinton was working and then all of Clinton's stuff got undone by the GOP, but sometimes you can't fight every battle at once.

I support many of the items in that budget, but I don't necessarily support them all being in there at the same time.

[telcoman]

Where is the bama-posse? Your silence is amusing, why no rush do defend the messiah?

http://www.washingtontimes.com...-haul/

I disagree!

I fully expect the stimulus package to work. It is however not an immediate start program. It took years for the economy to get where it is today and it is going to take years for Obama's solutions to work.

The only mistake that I see so far that he made is he just should have asked the AIG recipients of the bonus money to just return it for the sake of the nation.When the POTUS asks a few to do something to benefit the entire nation generally those asked comply.

Telcoman

[themadscientist]

I disagree!

I fully expect the stimulus package to work.

Alright, let's analyse the dissenting sources of opinion.

In this corner the Congressional Budget Office18 PhDs, all senior fellows, professors, and managing directors.http://www.cbo.gov/aboutcbo/econadvisers.shtml

And in this corner, Howie,,,,,,,,

[telcoman]

Alright, let's analyse the dissenting sources of opinion.

In this corner the Congressional Budget Office18 PhDs, all senior fellows, professors, and managing directors.http://www.cbo.gov/aboutcbo/econadvisers.shtml

And in this corner, Howie,,,,,,,,

It wasn't only over extended home owners that caused this financial mess.

http://www.nytimes.com/2009/03...iness

Telcoman

[Cold_Zero]

TMS-

Here is one to add to your collection, not to mention the Chicoms have come out and said the same exact thing.

http://www.spiegel.de/politik/....html

Speaking before the European Parliament on Wednesday, Mirek Topolanek described the stimulus measures and financial bailouts passed by US President Barack Obama as the "way to hell." He warned that the massive costs of the stimulus plans and financial bailouts would "undermine the stability of the global financial market" and that Obama was merely repeating the errors of the Great Depression of the 1930s.

[intermilanrox]

I agree, Its like The New "New Deal".He's spending way tooo much money on some useless stuff.

We all know how FDR's New Deal ended up FAIL!!It looks like the only way out is WWIII!!! Just Kidding, but seriously, it is a real problem, and he has to man up and stop blaming the Bush Administraton for the deficit, because he's not doing anything to fix it.

[smockers83]

Protectionism led to failure, not necessarily the New Deal. 51% of economic historians disagree that the New Deal worsened or lengthened the Depression while only 27% straight up agree. If I were among those polled, I would be in the 51% category.

[intermilanrox]

It did not lengthen or worsen the Depression, but it certaintly did not help it. If it wasn't for the war, we would've still been in the depression,

[smockers83]

It did not lengthen or worsen the Depression, but it certaintly did not help it. If it wasn't for the war, we would've still been in the depression,

The only way to help the Depression was to restore the economic markets that had been destroyed worldwide. When the US entered the war, we in a way restarted world trade because the US was now able to produce things that were essentially exported to Europe and the Pacific that the country otherwise would have had no use for. After the war, we ended up in a very superior position economically speaking.