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Old 07-13-2009, 10:29 AM   #1
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Default Since the First Wave of Stimulus Waste Did Such a Bang-Up Job...

Let's do it again! Yay for Obama! What a great idea!

Seriously, this is retarded...either it's working (it's not) and it needs more time, or it's not and we need to back off and re-think saddling the next generation with another couple trillion in debt. But ANOTHER shitty spending bill is literally the very definition of throwing good money after bad.

It'd be one thing if this money was actually being spent, but the government is just too slow and ineffective. I'd say the best answer right now is to finish the few projects that are underway and end this stupid idea now. It's NOT saving jobs, it's certainly not CREATING jobs, and it seems to be just wasting tons of cash.

http://news.yahoo.com/s/afp/20090712...20090712235903

"The promised 2.5 million jobs have not materialized," Stelzer said.
"It turns out that the label 'stimulus' was slapped on a grab-bag of spending projects that could not be initiated in time to affect the jobs market -- only some 15 percent of the stimulus money has been spent. Or it just might be that borrow-and-spend is not the route to recovery"
Morgan Stanley economists Richard Berner and David Greenlaw said in a research note that an additional stimulus might pump too much money into the system and spark inflation.
"While the recession is not over, we believe it will wind down later this summer," they wrote. "Thus, not only is further stimulus unnecessary, but additional spending or tax cuts could represent a classic pro-cyclical policy mistake."
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Old 07-13-2009, 11:05 AM   #2
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Default Re: Since the First Wave of Stimulus Waste Did Such a Bang-Up Job...

Hey, my company didn't fire anyone yet today...I think B.O. should get credit for "saving" those jobs.
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Old 07-13-2009, 11:05 AM   #3
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Default Re: Since the First Wave of Stimulus Waste Did Such a Bang-Up Job...

Hold on....
















Wait for it.....
















Bu, bu, bu, bu, BUSH!
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Old 07-13-2009, 11:14 AM   #4
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Default Re: Since the First Wave of Stimulus Waste Did Such a Bang-Up Job...

At the very WORST, let's go ahead and try and get the originally allocated money out there and spent. But launching a SECOND wave of undisciplined and unfocused spending of money we don't (and probably never will) have?

Please...

The good news for the GOP? It's reaching a point where THEY don't have to be anything, do anything, or offer any alternatives...all they'll have to be to take back control is NOT have a (D) next to their name in the voting booth.
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Old 07-13-2009, 11:20 AM   #5
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Default Re: Since the First Wave of Stimulus Waste Did Such a Bang-Up Job...

At least where I am in California, it seems like the only thing that happened with the first stimulus package is the state government was broke, so it spent most of the stimulus money paying its bills for programs that already existed. It didn't so much create new jobs as much as keep a few thousand workers on the payroll doing what they were already doing. Only things are so screwed up that the state's still broke even after that.

Oh, and also, they squandered a few billion dollars on some high-speed rail line between San Francisco and Los Angeles that's going to be obsolete the day they open it, because you can already fly there in about an hour for $39, so nobody's ever going to ride it unless tickets are like $5, which they won't be.
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Old 07-13-2009, 11:24 AM   #6
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Default Re: Since the First Wave of Stimulus Waste Did Such a Bang-Up Job...

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At least where I am in California, it seems like the only thing that happened with the first stimulus package is the state government was broke, so it spent most of the stimulus money paying its bills for programs that already existed. It didn't so much create new jobs as much as keep a few thousand workers on the payroll doing what they were already doing. Only things are so screwed up that the state's still broke even after that.

Oh, and also, they squandered a few billion dollars on some high-speed rail line between San Francisco and Los Angeles that's going to be obsolete the day they open it, because you can already fly there in about an hour for $39, so nobody's ever going to ride it unless tickets are like $5, which they won't be.
How much did Michael Jackson's wake wind up costing you guys? THAT pisses me off.
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Old 07-13-2009, 11:26 AM   #7
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Default Re: Since the First Wave of Stimulus Waste Did Such a Bang-Up Job...

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Originally Posted by revefsreleets View Post
The good news for the GOP? It's reaching a point where THEY don't have to be anything, do anything, or offer any alternatives...all they'll have to be to take back control is NOT have a (D) next to their name in the voting booth.
The only thing I worry about is that by the time 2012 rolls around, the economy will have recovered on its own anyway, and Obama will get all the credit for it because people are too stupid to understand that it was unrelated. That, or the Republicans collectively poke themselves in the eyeball by giving the nomination to Palin.

Either one of these things has a huge likelihood of happening, because all you have to do in order for it to succeed is count on the stupidity of the common man.

Still, it's pretty impressive to see how quickly OMGbama has worn out his welcome even among the people who were all for him at first. It's pretty difficult to blow what was basically the biggest free pass in the history of politics.
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Old 07-13-2009, 11:32 AM   #8
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Default Re: Since the First Wave of Stimulus Waste Did Such a Bang-Up Job...

That IS a good point about the economy righting itself. And Obama COULD get credit for it, even though he probably did more to hinder it then simply doing nothing at all...

Then again, he DID rack up projected debt into the double digit trillions...that isn't just going to go away.
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Old 07-13-2009, 11:33 AM   #9
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Default Re: Since the First Wave of Stimulus Waste Did Such a Bang-Up Job...

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How much did Michael Jackson's wake wind up costing you guys? THAT pisses me off.
$1.4 million was the official number. But I have no doubt they'll make it all back and then some. The estate tax alone for that weirdo will probably be $80 million, not to mention all the money that the sudden surge of interest is generating for various Hollywood-related entities, who then have to turn around and pay the highest taxes in the nation.

Not that it really matters, since even if the state will probably come out in the positive, it'll just waste the money anyway.
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Old 07-13-2009, 11:37 AM   #10
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Default Re: Since the First Wave of Stimulus Waste Did Such a Bang-Up Job...

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That IS a good point about the economy righting itself. And Obama COULD get credit for it, even though he probably did more to hinder it then simply doing nothing at all...

Then again, he DID rack up projected debt into the double digit trillions...that isn't just going to go away.
Oh, they're definitely going to have to get the debt down by printing a ton of money one day. There just isn't going to be any other way, especially given that Social Security and Medicare payouts are about to go up by 15 hillion jillion percent in the next 10 years or so. But I'm betting that OMGbama will at least be able to put that off until after he's out of office, so whenever it happens, everyone will just blame it on whoever is president at the time...
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