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5 Years Later - What Did Obama's "American Recovery & Reinvestment Act" Achieve?

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Submitted by Lance Roberts of STA Wealth Management,

 

 

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Mon, 02/17/2014 - 20:53 | 4446323 lasvegaspersona
lasvegaspersona's picture

Deflation can only be met with more printing (it is all that will be tolerated anyway.) In spite of the failure of prior 'more printing' we shall see 'even more printing' lest the prominent and powerful might fail.

Mon, 02/17/2014 - 21:09 | 4446365 National Blessing
National Blessing's picture

It temporarily halted a deflationary depression.  Or so I've been told.

Mon, 02/17/2014 - 21:21 | 4446390 qqqqtrader
qqqqtrader's picture

...

 

Mon, 02/17/2014 - 21:35 | 4446420 NoDebt
NoDebt's picture

Government- a giant game of "Cookie Clicker"

Yeah, I just played it for the firs time tonight.  Utterly meaningless, just the insatiable quest for MOAR.  Thousands, millions, billions, trillions.... all wasted time and effort.  Straight down the toilet.

Mon, 02/17/2014 - 21:57 | 4446479 knukles
knukles's picture

Marxism, Cloward Piven, Establishment Republicans and the Democrats can fuck up a wet dream

 

 

Mon, 02/17/2014 - 22:39 | 4446603 Crawdaddy
Crawdaddy's picture

It accomplished giving these assholes more control. Here is an analysis of "scope of global ownership influence & control"

http://www.scribd.com/doc/72201631/Network-of-Global-Corporate-Control-S...

Homework! <snipped excerpt to top ten>

S. Vitali, J.B. Glattfelder, and S. Battiston:
The network of global corporate control
Table S1: Top 50 control-holders. Shareholders are ranked by network control (according to thethreshold model, TM).
Column indicate country, NACE industrial sector code, actor’s position inthe bow-tie sections, cumulative network control.
Notice that NACE code starting with 65,66,67 belong to the ?nancial sector.

Economic actor name, Country NACE code, Network Cumul. , networkposition control (TM, %)1
BARCLAYS PLC GB 6512 SCC 4.052
CAPITAL GROUP COMPANIES INC, THE US 6713 IN 6.663
FMR CORP US 6713 IN 8.944
AXA FR 6712 SCC 11.215
STATE STREET CORPORATION US 6713 SCC 13.026
JPMORGAN CHASE & CO. US 6512 SCC 14.557
LEGAL & GENERAL GROUP PLC GB 6603 SCC 16.028
VANGUARD GROUP, INC., THE US 7415 IN 17.259
UBS AG CH 6512 SCC 18.4610
MERRILL LYNCH & CO., INC. US 6712 SCC 19.45

Tue, 02/18/2014 - 01:02 | 4446906 Richard Chesler
Richard Chesler's picture

Obozo's campaign was paid off. And then some.

Tue, 02/18/2014 - 01:59 | 4447087 zaphod
zaphod's picture

"What Did Obama's "American Recovery & Reinvestment Act" Achieve?"

1) Votes

2) Massive Immigration

3) Votes

Tue, 02/18/2014 - 02:12 | 4447098 Boris Alatovkrap
Boris Alatovkrap's picture

"create more incentives for people to work, save and invest"

Boris respectfully is take issue with article. Is not business of centralized kleptocracy for "create incentive". Only business of legitimate government is establish and enforce equitable law reflection of natural law and inalienable right of people. Is business of individual for obedience to law and motivate self.

... but what is Boris know?

Tue, 02/18/2014 - 08:21 | 4447379 new game
new game's picture

ask hank and a handfull of goldmanites how it worked out. are they happy when enough is never enough?

i take solitude in knowing their lives are as fucked up as it gets and most likly they are missing the true

joys of life. starts with the family and get togethers. i picture a whos who game of i got a new masaratti

and galaxie and trophy bitch... lol with disdain, my true enjoyment-the sad fucks...

Mon, 02/17/2014 - 21:55 | 4446470 wee-weed up
wee-weed up's picture

O-ba-ma! O-ba-ma! O-ba-ma! O-ba-ma! O-ba-ma!

One Big Ass Mistake America!

Tue, 02/18/2014 - 00:36 | 4446937 JohnnyBriefcase
JohnnyBriefcase's picture

If only Romney or McCain had been (s)elected instead, right?

Tue, 02/18/2014 - 08:25 | 4447392 The Chief
The Chief's picture

Hey retard, did you just equivocate McCain and Romney? McStain shouldn't be equivocated with anyone. He's not human.

Mon, 02/17/2014 - 21:40 | 4446438 Millivanilli
Millivanilli's picture

Shovel ready jobs weren't so shovel ready.  HAHAHAH MOTHER FUCKER.

 

God damn idiot.   

Mon, 02/17/2014 - 22:11 | 4446521 Antifaschistische
Antifaschistische's picture

We are way way way past "governments" providing incentives.

Governments do nothing but create constraints.

We need congressional committees on ELIMINATING current laws and removing the constraints that keep us all from transacting freeling with others.    

We talk about being free in this country but when you visit just about any other country in the freaking world you see things like, people on the side of the street pushing a cart willing to whip you a plate of local favorite dishes.  NOT IN AMERICA!!   Because some governmental rule will prevent it via permitting.   and if pernitting doesn't kill free enterprise, then some inspector with a thermometer will shut them down.

yah yah, some of you will talk about how safe you feel now that the government protects you from unsafe food practices.  If you actually believe that, you've never been in the kitchen of ANY restaurant, where NO patron can actually see what goes on.  At least on the street, you can watch every step of the process.

We must remove constraints and let free thinking people behave freely.

Tue, 02/18/2014 - 02:48 | 4447146 mumbo_jumbo
mumbo_jumbo's picture

Anti,

i certainly do not hear HSBC whining about government constraints and regulations that they simply ignored.....as do many of the banks and TBTF companies.

the problem is corporations and government are now in bed together who's main objective is middle class destruction.

Tue, 02/18/2014 - 02:53 | 4447150 Woodyg
Woodyg's picture

There's plenty of 'shovel ready jobs' except the kleptocrats and the oligarchs don't want to engage in OR Pay for real work - a Finacial Scam is much easier -
The problem w the stimulus is most of it was stolen - ANY business that had the level of graft and corruption the gov has wouldn't function either - well not without gov protection and bailouts -
During FDR's time the WPA and CCC spent 97% of monies on wages and raw materials - now you'd be lucky if the damn paycheck writing corp didn't take more than the 3% overhead.
Heck the actual model is now bid out at $150 per hour - sub it out multiple times until the sucker who does the actual works lucky to be paid $15 an hour - that's a 90% overhead/graft cost -
Say what you will about Keynes but he didn't include corruption and graft in his 'efficiency models
Forget Keynes - study Mussulini instead - and buy rope '

Tue, 02/18/2014 - 04:37 | 4447236 Citizen_x
Citizen_x's picture

Wow

That sounds like many of those bogus charities...

Wounded Warrior comes to mind

96 % plus to ADMIN costs

3 % to the kids missing an arm or a leg

Tue, 02/18/2014 - 09:01 | 4447454 The Chief
The Chief's picture

How fucking monsterous are 501 scumbags to exploit disfigured and wounded service people?

I have forbidden my family and my friends from giving a nickel to any such group. Somewhere at the top of most of these organizations sits a dual citizen, I'd speculate.

I wonder what that nationality is??? Hmmmm.

Mon, 02/17/2014 - 21:50 | 4446464 ZippyBananaPants
ZippyBananaPants's picture

I think one of my farts would be just as effective!

Mon, 02/17/2014 - 21:59 | 4446488 knukles
knukles's picture

At least Farts contain combustible material an emergency source of energy,

Mon, 02/17/2014 - 20:58 | 4446336 HardAssets
HardAssets's picture

Do some actually believe that any of it had to do with the economy or whats best for the American people ?

How naive

They probably think Soc Security and IRAs are about 'retirement savings'

that military spending is about 'defense'

and that O care is about your 'health'.

Mon, 02/17/2014 - 20:59 | 4446341 nmewn
nmewn's picture

Sheriff Joe!...come back Sheriff Joe...we need you.

Goodbye...Joe...lol.

Mon, 02/17/2014 - 21:39 | 4446435 AmCockerSpaniel
AmCockerSpaniel's picture

>>>The way to jolt an economy to life and to sustain long-term growth is to create more incentives for people to work, save and invest<<<  Lets hope the creation of jobs, fast and by any means, is part of the above "incentives".

Mon, 02/17/2014 - 23:09 | 4446708 nmewn
nmewn's picture

Hardly no one got my Shane/Pale Rider reference of Sheriff Bidens lost hopes & dreams, combined with the death & destruction left behind.

Pity, I guess he'll just ride off into the mountains and croak quietly on a piece of stimulus jerky.

Tue, 02/18/2014 - 08:29 | 4447397 The Chief
The Chief's picture

With a Gen-u-ine Hawken in his hand.

Mon, 02/17/2014 - 20:59 | 4446343 The Wisp
The Wisp's picture

So if instead of giving that money to the banks, they had loaned it to American Business that employ people and make things, lets say any company with  50 or more employees and a history of paying their tax bills promptly.. where would the economy be..

  Oh wait we would have had tons of Unemployed bank people and financiers.. can't have those high paying people making  500 a week on unemployment

Mon, 02/17/2014 - 22:56 | 4446669 Crawdaddy
Crawdaddy's picture

In the good world (not this one) all the broke banks and corps would have gone tits up, their assets sold to non-ponzi people, and after a shot term painful reorg, shit goes back on track. Stupid, vain and corrupt should loose not win. But in this world, well look out the window.

Tue, 02/18/2014 - 08:28 | 4447396 new game
new game's picture

the worm will turn-that is a truth. so stay alive and plan to survive the turmoil.

you will need more than popcorn. today counts the most...

Mon, 02/17/2014 - 21:01 | 4446349 Smartie37
Smartie37's picture

I believe this sums it up nicely:

 

Fuck You Krugman !

Mon, 02/17/2014 - 21:03 | 4446353 jcpicks
jcpicks's picture

It has nothing to do with the economy or what's best for the American people.

Communism is alive and well right here in the great USSA.  Happy President's Day King O...

 

Mon, 02/17/2014 - 21:54 | 4446363 nmewn
nmewn's picture

"Shovel ready was, er ahhh, not as shovel ready as we expected...ha ha ha ha."

http://www.youtube.com/watch?v=O55aRrvXtio

Yeah, thats fucking hysterical Barry.

////////////

Lets begin the countdown of vacuous economic bullshit, I'll start:

"Saved or created"

////////////

Solyndraaaaaaa.

////////////

BrightSource.

////////////

Fisker.

/////////////

A123.

////////////

LightSquared.

Mon, 02/17/2014 - 21:57 | 4446481 earl swagger
earl swagger's picture

Add Tesla

Mon, 02/17/2014 - 22:00 | 4446489 nmewn
nmewn's picture

And Solazyme.

Tue, 02/18/2014 - 10:16 | 4447687 marathonman
marathonman's picture

And Acorn.

Mon, 02/17/2014 - 22:01 | 4446494 knukles
knukles's picture

General Motors, the UAW and senior GM bondholders.

Prodessor of Constitutional Law

College records

nevermindwhatthefuckever....

Mon, 02/17/2014 - 22:25 | 4446518 nmewn
nmewn's picture

Steven Rattner, the pension fund raider, almost forgot about him.

//////////////

And LightSquared is Phil Falcone...but I digress.

///////////

And I've been known to digress even further ;-)

I forgot BrightSource and Sanjay Wagle, who, in concert with Google, is frying endangered birds in your neck of the woods...

"BrightSource received a $1.6 billion loan guarantee from the Department of Energy, funds that were allocated in the $787 billion stimulus package passed in 2009.

The largest investor in Brightsource (with a 25 percent stake) is VantagePoint Venture Partners, a firm whose principal, Sanjay Wagle, helped raised millions for President Obama’s campaign in 2008 and even served as a “renewable energy grants adviser” at the DOE."

All one, big ass raping family.

http://freebeacon.com/stimulus-funded-solar-firm-cancels-ipo/

Tue, 02/18/2014 - 03:17 | 4447181 ReactionToClose...
ReactionToClosedMinds's picture

had forgotten ...... Stevie R...........remember the brilliantly induced bank run on Indy Mac by Chuckie Schumer?   of course not,,,,, the Candy Crowleys & Jon Stewarts (what is his real name again) of the world will never remind you

Tue, 02/18/2014 - 08:42 | 4447413 The Chief
The Chief's picture

So, 1.6 Bil loan guarantee coupled with a $600 MM usd investment tax credit (30% capital cost of project, estimated at 2.2 Bil). Pretty much covers the question of "why is this nightmare so expensive?" What happened to all of NRG's and Googles money?

It's a virtal lock for failure. We can address the particulars in about a year.

Mon, 02/17/2014 - 22:02 | 4446495 krispkritter
krispkritter's picture

Al Whore laughed all the way to the bank(sters).  I hope his private jet flies over an active volcano and makes a vertical landing.  The 'Green' revolution was nothing but green fiat padding the accounts of unconscionable assholse like Gore, 'climate apologists', -public-money-fed researchers, etc.

Mon, 02/17/2014 - 23:41 | 4446801 Wahooo
Wahooo's picture

I'd love to read that he buried his jet in the side of a mountain. A fucking State funeral would be held for which we could all enjoy a drinking game.

Tue, 02/18/2014 - 00:12 | 4446879 RaceToTheBottom
RaceToTheBottom's picture

"Al Whore laughed all the way to the bank(sters)."

 

People suck.  That does not remove the responsibility people have of using their minds.

 

Mon, 02/17/2014 - 22:08 | 4446510 ncdirtdigger
ncdirtdigger's picture

I'll add my favorite:

GREEN SHOOTS BABY!

Mon, 02/17/2014 - 22:11 | 4446524 nmewn
nmewn's picture

Fun-unemployment!

Mon, 02/17/2014 - 22:54 | 4446666 ncdirtdigger
ncdirtdigger's picture

So fun it makes me want to go out on the deck and shoot my shotgun.

Mon, 02/17/2014 - 23:21 | 4446740 nmewn
nmewn's picture

That was a classic Bidenism.

"Yes honey, go out on the balcony and fire both barrels into the sky (over the neighbors house) to scare the intruders off."

Now you have a simple club...Jill, good luck with the intruders breaking down our front door...I've got Secret Service protection and I'm in DC.

Fuckin Biden, I won't even go into not everyone has a balcony to shoot off of, that should speak for itself to his elitist mindset.

Tue, 02/18/2014 - 12:20 | 4448276 A Nanny Moose
A Nanny Moose's picture

Horseshit and dead bodies are always shovel ready.

Government is superlative at producing copious quantites of both.

Mon, 02/17/2014 - 21:14 | 4446373 whatthecurtains
whatthecurtains's picture

Shovel shit ready.

Mon, 02/17/2014 - 21:17 | 4446380 oleander garch
oleander garch's picture

The problem was that the U.S. wasted resources on "shovel ready" when it could have been better served by a focus on the "noose ready" like Jamie Simon and Warren Buffet and Hank Paulson.  Much better economic growth if the crooks cannot steal from the taxpayers.

Mon, 02/17/2014 - 22:03 | 4446501 ISEEIT
ISEEIT's picture

Jamie, Warren & Hank are predators. We actually must accept that predators exist.

The first necks to fill a noose ought to be the traitorous pimps who let these guy's play the game.

THATS what government is supposed to be for.

Enforcing the will of the people for the common good.

NOT pimping lies for the crooks.

End the Fed and that means FEDERAL........................................

Mon, 02/17/2014 - 21:18 | 4446382 A82EBA
A82EBA's picture

The sheep I work with say what's not to love

"my 401s up 64% in 2 yrs, gettin affordable health care, min wages going up, gasoline cheap"

"WTF you talkin about better get gold, dollar collapse, divest from markets, bubble this bubble that, guns&ammo, SHTF and this will end badly, it's been 6 yrs shut up already"

topics like Fed, ECB, BOE, PMs, empire building, pipeline wars, hegemony, petro-dollar, devaluation & reserve currency are lost on most people I know.

Im still stackin, fuck'em

Mon, 02/17/2014 - 21:37 | 4446429 Unpopular Truth
Unpopular Truth's picture

Now they laugh at us for saying things like that.
When it happens, they will come to us for a hand-out.
It may be all-around best to keep quiet

Mon, 02/17/2014 - 21:50 | 4446462 Vendetta
Vendetta's picture

"Fuck 'em"   Yep... I have given up on them, trying to get them just to read something other than the drivel from the TV all this time is liking pulling a baby's tooth ... so fuck em

Tue, 02/18/2014 - 21:47 | 4450895 Frankie Carbone
Frankie Carbone's picture

Pay no heed and show no mercy. This is merely natural selection at the human level.

Mon, 02/17/2014 - 21:18 | 4446383 q99x2
q99x2's picture

John Corzine is the head of Obama's new MyRA program.

Mon, 02/17/2014 - 21:21 | 4446389 Blood Spattered...
Blood Spattered Banner's picture

With my wife having her "mommy week", I could sure use some stimulus right about now.

I bet Hillary would at least offer up a handjob in exchange for my vote, right?

Just kidding, I'd rather masturbate with a handful of broken glass than participate in another fraudulent national election. 

Mon, 02/17/2014 - 22:11 | 4446525 ISEEIT
ISEEIT's picture

I'm out also. I don't even read 'papers' anymore. Don't own a tee-vee (well got one but if anybody I let in my place dares enter the matrix with it they be gone). The bullshit is with us and I may not be young and dumb enough to throw any serious punches, but I won't play anymore either.

It's going to get so f^^king ugly and it'll be magnificent.

Mon, 02/17/2014 - 21:27 | 4446399 drendebe10
drendebe10's picture

It did fund the arrogant lying narcissistic illegal alien kenyan muslim siciopaths grand imperial golf lifestyle aling w the wookie and   its 28 assistant s and its 17grand smock it parades around in @ the sap tax paying serfs n peasants expense. Aint Amerika grand if ur in the ruling elite.

Mon, 02/17/2014 - 21:38 | 4446430 NoDebt
NoDebt's picture

And his 57 'Czars'.  Forgot about them, didn't you?

Mon, 02/17/2014 - 21:57 | 4446478 krispkritter
krispkritter's picture

 "Keeping Up With The Czardashians' Nope, see the same entitlement-sucking pieces of shit each and every 'season', in Ho-ho-ho-llywood or in District of Scumbia.  Makes no difference now, this shit will end one day,  sooner than most sheople ever expect and later than most ZH'ers hoped for. But it will end.

Mon, 02/17/2014 - 21:29 | 4446405 Sick
Sick's picture

I differ in the real solution.  We need to have real law enforcement.  No more TOO BIG TO FAIL, TOO BIG TO JAIL.  The financial and political crimes, crimes against the Constitution are at the root of our problems.  Unfortunately the criminals are in charge and the only way I see to correct the problems is to take action.

Mon, 02/17/2014 - 21:36 | 4446424 yogibear
yogibear's picture

 "because the government is not doing enough"

What's enough?  Print $10 trillon/year, $100 trillion/year? Maybe send $100.000 per person in the US and Puerto Rico  for spending would sure generate inflation. It would stimulate China and other countries like Vietnam.

Mon, 02/17/2014 - 21:54 | 4446473 Oldwood
Oldwood's picture

What we have is a religion of economic theory. It is as virulent a religion that exists and it demands everything of it followers. Any failure, any back set only proves our lack of obedience to the religion. We do not question the mandates of those who speak for this religion, as a matter of fact those who do question it are blamed for any failing of the religious dictum. Not all that unlike radical Muslims, those deniers may well receive a fatwa which represents a direct threat to their public standing as well as a potential audit from the Papal Police (IRS). Until these non thinking zealots are off of the throne of power, we will be left debating the beauty and opulence of the King's clothes. Delusion will be our only escape.

Mon, 02/17/2014 - 21:51 | 4446467 Seasmoke
Seasmoke's picture

Should have called the motherfuckers bluff about tanks in the streets. Fuck You Hank !!!

Mon, 02/17/2014 - 22:05 | 4446502 s2c
s2c's picture

What alternative universe do you idots live in.  In September 2008 we lost 400,000 jobs.  By January it was 800,000.  The stimulus bill, bank stress tests, and various Fed liquidity funds prevented a total economic collapse.  No one claims the stimulus bill was the most productive use of money but absent something we would be living in a world run by guns and amo.  Moreover, I don't need to rely on any counter-factuals to prove the stimulus worked.  Just look at Europe where austerity policies were followed.  Euro area growth since 2010 (the first year of the US stimulus) was half the growth rate of the US.  There is no other explanation for this difference besides the stimulus. To think that following Hayek we should all just let the world economy collapse is either an anarchist or mentally insane.  And flame all you want, i GUARANTEE IT I HAVE BEEN FOLLOWING ZEROHEDGE longer than any commentator on this board.  I make my analysts read zerohedge regularly and I was one of the first commentators who corrected Tyler's faulty math in calculating the Citibank Preferred exchange rate in March 2009.   

Mon, 02/17/2014 - 23:36 | 4446787 IridiumRebel
IridiumRebel's picture

Be proud then. We would be climbing back onto our feet instead buckling onto our knees before another collapse that will be a direct knockout punch. 2008 was nothing. 201X Will be Hell on Banker Earth.

Mon, 02/17/2014 - 23:51 | 4446827 Wahooo
Wahooo's picture

What recovery? You have analysts? You are not what America needs.

Tue, 02/18/2014 - 00:18 | 4446895 TheReplacement
TheReplacement's picture

So you think bailing out criminals so they can continue to live the high life is good because otherwise they would have been hung?  Nothing has been learned.  Nothing has been fixed.  Nothing is going to stop it from happening again, and again, and again unless the criminals are hung.  Maybe you are one of them?  I only ask becuase people are keeping lists for the day it happens again.

Tue, 02/18/2014 - 02:58 | 4447161 newbie vampire
newbie vampire's picture

You are quite correct.  But you did leave out the bit on how he gave every American/anyone a FREE phone.  Even ET would have got one and he/it etc could have called home.

Perhaps your analysts could invest some time on how to amend the constitution and allow the greatest POTUS to run for a 3rd term. 

Tue, 02/18/2014 - 03:45 | 4447209 Global Observer
Global Observer's picture

You are right, the stimulus was about stopping/slowing the slide and not to create an actual recovery. But that was not how it was projected. Of course, politicians cannot possibly get away simply by telling the truth that there is no possibility of a recovery and vast sums of "tax payer" money need to be injected just to stop/slow the slide. But when the next meltdown starts, as it inevitably will, those who used up the extraordinary measures to stop/slow the previous slide will be in a far worse position than those who didn't. Since government capital injections into banks are now prohibited by law, they would have to resort to direct fiscal spending, which can have only one consequence, huge inflation and possibly hyperinflation.

Mon, 02/17/2014 - 22:05 | 4446503 spekulatn
spekulatn's picture

A job well done!! 

/sarc off/

Mon, 02/17/2014 - 22:07 | 4446507 eddiebe
eddiebe's picture

 Here is what got accomplished:  His handlers and buddies got a lot richer and more powerful.

Mon, 02/17/2014 - 22:18 | 4446545 Clowns on Acid
Clowns on Acid's picture

Thw White Hispanic says that the White Negro and his light skinned African American Atty General fucked him and now he can't get a job. This is the way one has to communicate in order to get a shovel ready Gov't job. 

Mon, 02/17/2014 - 23:14 | 4446688 earleflorida
earleflorida's picture

from wilson, fdr, truman, kennedy, obama... etel, the power broker organizations owned them outright, along with certain individuals (Dem's & GOP altogether:

http://en.wikipedia.org/wiki/J._P._Morgan

http://en.wikipedia.org/wiki/John_D._Rockefeller    ***

http://en.wikipedia.org/wiki/William_M._Tweed

http://en.wikipedia.org/wiki/Tom_Pendergast  

http://en.wikipedia.org/wiki/Cook_County_Democratic_Organizaton

http://en.wikipedia.org/wiki/Boston_Brahmins

Ps. This is how 'no names' get elected in a free country...

jmo

Mon, 02/17/2014 - 23:05 | 4446703 stant
stant's picture

"a failure wraped in a disaster in the midst of a collapse". this is a quote from one of the zh guys here

Tue, 02/18/2014 - 01:42 | 4447056 BeetleBailey
BeetleBailey's picture
5 Years Later - What Did Obama's "American Recovery & Reinvestment Act" Achieve?

NOT A GOD DAMNED MOTHERFUCKING THING FOR THE AVERAGE AMERICAN

they got FUCKED

SOME cunts got rich (Wankin Banks, the Elite. O-Buddies, and various other vermin - the MIC and all their cunts that work for them).

 

Other than that - THE WHOLE MAGILLA WAS PAYOLA.

 

FUCK YOU OBAMA!

Tue, 02/18/2014 - 02:42 | 4447138 newbie vampire
newbie vampire's picture

It made the uber rich richer. What else was it supposed to achieve ?  You mean like create jobs ?   Where have you been the last 5 years ?

Tue, 02/18/2014 - 02:59 | 4447162 Woodyg
Woodyg's picture

The author seems to mistake Keynesian theory with corruption and graft -
But that's easier than naming actual NAMES of the the kleptocrats and oligarchs who stole it all -
Te actual amount that went to true stimulus is probably about 10-15% of total $ spent.
It's upwards redistributionist policy moving wealth to the top .01% all the while calling it 'saving the middle class' -
Orwell would be proud - and so would mussillini

Tue, 02/18/2014 - 03:55 | 4447218 FreedomGuy
FreedomGuy's picture

The phrase "Spending us into oblivion" takes on real meaning.

Tue, 02/18/2014 - 04:10 | 4447226 TheRideNeverEnds
TheRideNeverEnds's picture

So what if it costs us $19.90 for each dollar of economic growth?   We will make up for it in volume... 

Tue, 02/18/2014 - 09:44 | 4447555 d edwards
d edwards's picture

But all of 0bozo's friends have made out like the bandits that they are.

Tue, 02/18/2014 - 06:53 | 4447297 damicol
damicol's picture

Of course you can argue with that kind of logic.

 

The next time anyone espouses such drivel you immediately and without warning, kick them almost as hard as you can in the bollox.

When they climb from thier knees  groaning, just ask them if the stimulus package you delivered is wiorking.

 Then kick them in the bollox again this time with every sinew of your body behind that kick.

 Then tell then to tell you that it still wasnt enough.

Tue, 02/18/2014 - 11:02 | 4447903 eaglerock
eaglerock's picture

I tried using this logic when I lost all that money in Vegas, said it was because I didn't gamble enough money.  My wife didn't buy it.

Tue, 02/18/2014 - 11:24 | 4447863 rwe2late
rwe2late's picture

 There is a qualitative aspect as well as a quantitative aspect.

The government wasting funds in the same old way on the same old programs,

won't do squat.

Spending on militarism, spying, ZeroCare, pork-barrel payoffs, and bankster largesse won't do squat.

Instead, a proper investment in infrastructure (e.g. electrical grid, water supply and waste disposal, etc) will be worthwhile.

A shift from promoting military research instead to civilian research.

Creation of an old style CCC program to upgrade parks etc. will do good.

Stop wasting resources on a counter-productive criminal-creating faked "war on drugs".

 

Stop conflating the self-serving misdirected abuse of government power by a myopic elite,

with the proper use of government for the general good.

Do NOT follow this link or you will be banned from the site!