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Stimulus Concession - Biden: "everyone guessed wrong"
Time (CNN) ^ | Sun, June 14, 2009 | Meet the Press

Posted on 06/14/2009 1:26:26 PM PDT by BP2

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And we're suppose to trust them to nationalize Health Care, oversee the Auto Industry, and save us with Bailouts and "Recovery Plans"?!


1 posted on 06/14/2009 1:26:26 PM PDT by BP2
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To: BP2

They’re “guessing” on a lot of things. I wonder if the press will ask them if their health care proposal is a “guess” too? Or the nationalizing of banks? Or taking over GM? etc....

I won’t hold my breath.


2 posted on 06/14/2009 1:27:57 PM PDT by Principled (Get the capital back! NRST!)
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To: BP2

No “guessing” going on here at all. This stimulus crap wasn’t meant to make things better, that was not a factor in the least.


3 posted on 06/14/2009 1:29:37 PM PDT by raptor29
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To: BP2
Backs away from the estimate that the funds could create or save 3.5 million jobs, instead promises 600,000 by the end of the summer.

Biden is so dumb. He should have just stuck with the origional lie. That way, when unemployment reaches 15% by the end of summer, he could say it could have been worse, but we saved 3.5 million jobs. it's just that the economy was worse than we thought.

4 posted on 06/14/2009 1:29:52 PM PDT by Nathan Zachary
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To: Principled

Best bet for all of us is that the Government Step Down. The economy needs this clownshow out of the way or we’ll just keep on losing jobs until everybody is unemployed.


5 posted on 06/14/2009 1:33:15 PM PDT by muawiyah
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To: BP2
Hey Plugs:

Actually "everyone" didn't "guess wrong" Most of us, including the American public opposed this crap.

You and your merry band of incompetent morons need to stop the spending immediately, return the banks and automakers to private ownership, and reverse any changes to the nations defense posture.

Other than that, y'all need to crawl under a rock, shut up, and lawyer-up...big time.

6 posted on 06/14/2009 1:33:50 PM PDT by ROCKLOBSTER (RATs...nothing more than Bald Haired Hippies!)
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To: raptor29

You are right, it’s not a guess at all, it’s a planned strategy for the demise of America as we know it:

http://www.americanthinker.com/2008/09/barack_obama_and_the_strategy.html


7 posted on 06/14/2009 1:39:42 PM PDT by bethtopaz (www.rapturealert.com)
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To: muawiyah

Biden is an idiot. That giant toilet in Washington needs a double flush.


8 posted on 06/14/2009 1:41:10 PM PDT by baiamonte
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To: BP2
No one realized how bad the economy was.

What mendacious and deceitful blame shifting.

The Dems did everything they could to scuttle our economy so as to give them an election issue.

The problem is that, while the Dems are whizzes at undermining things, it's in their DNA that they are not able to grow an economy out of a recession.

They started by encumbering trillions in debt, for nothing other than political payoffs and taking over the companies that THEY weakened.

They all seem to believe in a mysterious "multiplier" effect, that says giving away money at the lower end of the economic spectrum stimulates more economic growth than it costs.

It turns out that the "multiplier effects" are (IIRC) in the order of 0.8, meaning that they are "guesses" are based on the success of what must be the economic equivalent to cold fusion.

.

9 posted on 06/14/2009 1:45:28 PM PDT by Seaplaner (Never give in. Never give in. Never...except to convictions of honour and good sense. W. Churchill)
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To: ROCKLOBSTER

I thought the ruling elite were the smartest people in the room and that the Presidents charm and charisma would create jobs.


10 posted on 06/14/2009 1:46:24 PM PDT by phormer phrog phlyer
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To: BP2

I didn’t... I knew it would kill the economy and it is.


11 posted on 06/14/2009 1:46:57 PM PDT by Cementjungle
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To: BP2

“Guessed”

One more reason to oust these morons.


12 posted on 06/14/2009 1:48:14 PM PDT by cranked
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To: phormer phrog phlyer

So did they/he.


13 posted on 06/14/2009 1:52:05 PM PDT by ROCKLOBSTER (RATs...nothing more than Bald Haired Hippies!)
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To: BP2

No, Biden. YOU guessed wrong!! We who opposed you knew this all along. If you think it’s getting any better soon, you’re even more of a moron than we all thought.


14 posted on 06/14/2009 1:53:45 PM PDT by ScottinVA (Impeach President Soros!!!)
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To: raptor29
Bingo. Even though it is expensive, you can put people to work with government spending. Unfortunately, the stimulus bill spent money in all the wrong places to stimulate hiring.

The Administration should have known this because that was one of the chief complaints about the bill. A small fraction of the money going to job creation and much of that money will take years to get out of Washington.

A huge whopping pricetag for a crappy product. Sort of like a GM car on a trillion dollar scale.

15 posted on 06/14/2009 1:54:22 PM PDT by USNBandit (sarcasm engaged at all times)
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To: Seaplaner
The problem is that, while the Dems are whizzes at undermining things, it's in their DNA that they are not able to grow an economy out of a recession.

The RATs are just like the Mohammedans; they're real good at destroying thing, but they couldn't prosper their way out of a wet paper bag.

16 posted on 06/14/2009 1:55:41 PM PDT by ROCKLOBSTER (RATs...nothing more than Bald Haired Hippies!)
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To: BP2

Not “everyone” guessed wrong about the effect of the “stimulous” package.

Those of us receiving a passing grade in Econ 101, from other than a leftist professor, predicted correctly that it would fail.

Largely because those implementing it had no intention of “fixing” the economy. Rather the intent was to maximize the basis for Federal control.


17 posted on 06/14/2009 2:01:11 PM PDT by G Larry (ObamaCare = "DYING IN LINE!")
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To: Principled
Why not just play 'Wheel of Fortune'. . .(spin it, Obama.. .) Or, remember the 'eight ball' that you ask the question; and turn it around, and then read the answer in it's window? Surely, both options here; as good; most likely better; that what the Obama pinheads are offering.
18 posted on 06/14/2009 2:05:41 PM PDT by cricket ('Don't bow for me . . Obama ' (America's 'sorry' President))
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To: BP2

“Everyone” meaning you and Barrack?


19 posted on 06/14/2009 2:09:26 PM PDT by Brilliant
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To: raptor29
Joe is on to something. The last time that a president tossed big money at an employment problem we got the WPA and CCC. These guys did a lot of good work, but it didn't stop the depression. Because it takes a gross amount of money in the public’s hands to buy things that put other people back to work making things.
20 posted on 06/14/2009 2:10:21 PM PDT by ANGGAPO (Leyte Gulf Beach Club)
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