Except not all of the stimulus has even been spent yet.That being said, when you spend a trillion dollars something will happen. If the investment was worth it is a different story.
Nope, no misquote -- no out of context quoting:Wow it worked? So California is not going to face anymore budget deficit short falls in the next 20+ years with its continual increase in spending? Let us all know when unemployment rates drops below 10% in California Arnie.
No he's not talking about steroids.
http://www.businessinsider.com/schw...ican-colleages-but-the-stimulus-worked-2010-2
I think its the first time I've heard it from a republican.
Inaction was predicted to lead to financial depression. The Bush government went into action, followed by Obama, and disaster didn't happen, yet. How can anybody actually know for certain more than that?
Florida Governor Charlie Crist says Republicans who say the stimulus has not created jobs are simply wrong.
"That’s not the case in Florida," he said speaking after the National Governors Association meeting at the White House, "It created or maintained at least 87,000 jobs, 27,000 of those jobs are educators and teachers throughout our state. I dare say what impact the would have on the students if those teachers were out of work, unable to put bread on the table for their families."
http://gatewaypundit.firstthings.com/wp-content/uploads/2009/11/obama-unemployment3.JPG
Obama, Pelosi, & Reid declared that without immediate passing of the stimulus plan there would be catastrophic consequences... you know, causing a second great depression where unemployment would top out at ~9%...
Where exactly are we now? *With* the stimulus plan, we are well beyond *their* benchmark of a "great depression"... And what kind of long-term effects does Asian countries owning much much more of our debt have on us?
Except not all of the stimulus has even been spent yet.
You take a bunch of money and start a new business, it will make profits and grow and hire more people. You don't need to give it a bunch of again.
You take a bunch of money and give it to states to prop up their budgets so they can keep teachers on the payrol without issue more debt/bonds etc, yeah you've saved some jobs. But unlike the business example above, when the gov money runs out, you'll need to either get more more gov money or lay off the teachers. It's a temporary (and expensive) solution to a longer term problem.
By and large is all it accomplished was shifting debt off the states' books and onto the federal government's.
It probably helped CA more then others since they can't really go further into debt, unlike most other states they're having no luck selling more bonds etc.
it would have been far far better had they implemented a plan to stimulate businesses directly and effectively. That's money that keeps on going and pays you back (via taxes).
Fern
Maybe The Schwartzernator should just switch parties??
If the jobs bill worked then why do you need another one?
So why does Obama want to spend another 100 billion on a "jobs bill" if he still has walking around coin?
Wow it worked? So California is not going to face anymore budget deficit short falls in the next 20+ years with its continual increase in spending? Let us all know when unemployment rates drops below 10% in California Arnie.
Schwarzenegger says the stimulus worked