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$862 Billion later,Obama says.......

walk the walk avatar
Beach Fanatic
1,127 views
Ouch,this really sucks!


Obama: "No Such Thing as Shovel-Ready Projects"
CBS News ^ | October 13, 2010 | Stephanie Condon

Posted on Wednesday, October 13, 2010 4:06:23 PM by 2ndDivisionVet

With unemployment hovering near 10 percent nearly two years after President Obama signed his economic stimulus package, Mr. Obama is acknowledging that, despite his campaign promises, "there's no such thing as shovel-ready projects."

The president gave that remark in an hour-long interview with the New York Times.

Mr. Obama also told the Times that he should have "let the Republicans insist on the tax cuts" in the stimulus, rather than including them himself, so the package would have seemed more like a compromise. The stimulus package, which the Congressional Budget Office said this year will cost $862 billion, included $236 billion in tax cuts. Nevertheless, the president said in the interview that he comes across as "the same old tax-and-spend Democrat."

When the president campaigned for the stimulus package at the start of his presidency, he and others in his administration repeatedly insisted the investments would go to "shovel-ready" projects -- projects that would put people to work right away. As recently as August, however, local governments were still facing delays spending the money they were allocated from the stimulus, CBS News Correspondent Nancy Cordes reported.

While Republicans have cast the stimulus, and most of Mr. Obama's other policies, as failed initiatives, the president told the Times he expects more cooperation from Republicans after the midterms.

"It may be that regardless of what happens after this election, they feel more responsible, either because they didn't do as well as they anticipated, and so the strategy of just saying no to everything and sitting on the sidelines and throwing bombs didn't work for them," he said. "Or they did reasonably well, in which case the American people are going to be looking to them to offer serious proposals and work with me in a serious way."




My question is,"Can we have our money back?"

Edited

Replies

18
Matt J avatar
SWGB
#2
It must be real hard avoiding that section of 30A from 98 to 393.

Perhaps if Florida had accepted stimulus money we wouldn't be stacking students like cord wood into classrooms?
walk the walk avatar
Beach FanaticAuthor
#3
It must be real hard avoiding that section of 30A from 98 to 393.

Perhaps if Florida had accepted stimulus money we wouldn't be stacking students like cord wood into classrooms?
We do not have children,so this is a moot point for us.Unfortunately,we are still taxed for the school system even though we choose not to have children.:shock:

Don't shoot the messenger......Obama has admitted to lying to the American tax payer today.

Edited

Matt J avatar
SWGB
#4
We do not have children,so this is a moot point for us.Unfortunately,we are still taxed for the school system even though we choose not to have children.:shock:

Don't shoot the messenger......Obama has admitted to lying to the American tax payer today.

I'm sure that you've never benefited from the educational system "you are paying for" ever right? I don't have children either, but I understand that an educated populace is better for all.

I see you're laying the ground work for the impeachment push we can all look forward to on November 3rd?
walk the walk avatar
Beach FanaticAuthor
#6
The NYT article/interview this came out of was quite interesting -

http://www.nytimes.com/2010/10/17/magazine/17obama-t.html

Thanks for posting.What I gathered from the read was the "statute of Limitations of blaming Bush" has been met.I also believe he is finally realizing the true importance of taking responsibility,albeit 2 weeks before the elections,it is a sign of the president maturing in a sense before our eyes(presidentially speaking).

Edited

Will B avatar
Moderator
#7
The folly of blaming Bush is that the Dems have been in control since 2006. Bush was complicit, to be sure, but he was signing off on stuff brought to him by the Dem controlled Congress and House. The ideas were theirs not Bush's

"Blaming Bush" has lost most of its meaning.
Lynnie avatar
SoWal Insider
#8
Ouch,this really sucks!


Obama: "No Such Thing as Shovel-Ready Projects"
CBS News ^ | October 13, 2010 | Stephanie Condon

Posted on Wednesday, October 13, 2010 4:06:23 PM by 2ndDivisionVet

With unemployment hovering near 10 percent nearly two years after President Obama signed his economic stimulus package, Mr. Obama is acknowledging that, despite his campaign promises, "there's no such thing as shovel-ready projects."

The president gave that remark in an hour-long interview with the New York Times.

Mr. Obama also told the Times that he should have "let the Republicans insist on the tax cuts" in the stimulus, rather than including them himself, so the package would have seemed more like a compromise. The stimulus package, which the Congressional Budget Office said this year will cost $862 billion, included $236 billion in tax cuts. Nevertheless, the president said in the interview that he comes across as "the same old tax-and-spend Democrat."

When the president campaigned for the stimulus package at the start of his presidency, he and others in his administration repeatedly insisted the investments would go to "shovel-ready" projects -- projects that would put people to work right away. As recently as August, however, local governments were still facing delays spending the money they were allocated from the stimulus, CBS News Correspondent Nancy Cordes reported.

While Republicans have cast the stimulus, and most of Mr. Obama's other policies, as failed initiatives, the president told the Times he expects more cooperation from Republicans after the midterms.

"It may be that regardless of what happens after this election, they feel more responsible, either because they didn't do as well as they anticipated, and so the strategy of just saying no to everything and sitting on the sidelines and throwing bombs didn't work for them," he said. "Or they did reasonably well, in which case the American people are going to be looking to them to offer serious proposals and work with me in a serious way."




My question is,"Can we have our money back?"

Absolutely. It's called taxation.
Andy A avatar
Beach Fanatic
#9
Absolutely. It's called taxation.
No, not necessarily just that. Its also called "print more money so that you can spend more and buy less". The Fed is at it again.
Will B avatar
Moderator
#10
No, not necessarily just that. Its also called "print more money so that you can spend more and buy less". The Fed is at it again.

Otherwise known as inflation...
Lynnie avatar
SoWal Insider
#11
No, not necessarily just that. Its also called "print more money so that you can spend more and buy less". The Fed is at it again.

Otherwise known as inflation...

:biggrin: Either way, we'll get our money back by paying for it ourselves.
Andy A avatar
Beach Fanatic
#12
Its too bad so many others do not realize what is really happening.
walk the walk avatar
Beach FanaticAuthor
#13
Its too bad so many others do not realize what is really happening.
...better yet,continue to keep their heads buried in the sand and choose to ignore the obvious.
walk the walk avatar
Beach FanaticAuthor
#14
I'm sure that you've never benefited from the educational system "you are paying for" ever right? I don't have children either, but I understand that an educated populace is better for all.

I see you're laying the ground work for the impeachment push we can all look forward to on November 3rd?
Ahh yes,very interesting that YOU brought up impeachment.:twisted:
Matt J avatar
SWGB
#15
Thanks for posting.What I gathered from the read was the "statute of Limitations of blaming Bush" has been met.I also believe he is finally realizing the true importance of taking responsibility,albeit 2 weeks before the elections,it is a sign of the president maturing in a sense before our eyes(presidentially speaking).

Great, then we can agree that Bill Clinton was in fact responsible for the largest economic growth since the 1950's despite have a republican controlled congress.
walk the walk avatar
Beach FanaticAuthor
#16
Great, then we can agree that Bill Clinton was in fact responsible for the largest economic growth since the 1950's despite have a republican controlled congress.

No,after Carter crapped the economy,Reagan is responsible for the largest growth,then Billy.I will take Billy over Obama any day.
Will B avatar
Moderator
#17
And I will refer you back up to post number 7...
but with a twist...

The Dems had control for the first two years of Clinton's administration. After Clinton's no so great first term and the Dem's implosion, he learned to play nice or risk losing
re-election, and a lot got done with a Republican controlled congress.

So, yes, jobs created but by a Republican controlled congress.

Clear as mud, huh?
LuciferSam avatar
Banned
#18
And I will refer you back up to post number 7...
but with a twist...

The Dems had control for the first two years of Clinton's administration. After Clinton's no so great first term and the Dem's implosion, he learned to play nice or risk losing
re-election, and a lot got done with a Republican controlled congress.

So, yes, jobs created but by a Republican controlled congress.

Clear as mud, huh?

Even with Reagan, the economy didn't start to pick up until late into his first term.
Beach Fanatic
#19
Originally Posted by walk the walk
We do not have children,so this is a moot point for us.Unfortunately,we are still taxed for the school system even though we choose not to have children.:shock:

And we should barter with the Doctors and the Hospitals too!

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