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The $787 Billion Flop
Investors.com ^ | November 11, 2009

Posted on 11/11/2009 5:07:50 PM PST by Kaslin

Public Opinion: Americans seem to know what their leaders in Washington either don't know, don't want to know or refuse to acknowledge — that the economic stimulus they foisted on us has been one big letdown.

Fully two-thirds (66%) of those surveyed in the latest IBD/TIPP Poll said the stimulus has fallen short of their expectations in creating jobs. A little more than one in five (22%) said it has met their expectations, and only one in 15 (6%) said it has exceeded their expectations.

This is not exactly news, given how the results so far compare with the promises made in January. That was when the president's economic advisers assured that unemployment, now at 10.2%, would level off around 8%. But it is worth noting for those in the administration and Congress who still think all the people can be fooled all the time.

Even Democrats are underwhelmed. As the table shows, 48% of them said the package has fallen short vs. 45% who said it met or exceeded their expectations. The same is true for self-described liberals.

(Excerpt) Read more at investors.com ...


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1 posted on 11/11/2009 5:07:51 PM PST by Kaslin
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To: alrea; bareford101; BerniesFriend; blaveda; Bookwoman; Celeste732; dsc; fanfan; Faux_Pas; ...

2 posted on 11/11/2009 5:08:58 PM PST by Kaslin (Acronym for 0bama: One Big Ass Mistake America)
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To: Kaslin
I thought this was going to be an article about Boeing.

ML/NJ

3 posted on 11/11/2009 5:09:30 PM PST by ml/nj
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To: ml/nj

Why would you think this?


4 posted on 11/11/2009 5:10:52 PM PST by Kaslin (Acronym for 0bama: One Big Ass Mistake America)
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To: ml/nj

LOL


5 posted on 11/11/2009 5:14:46 PM PST by neodad (USS Vincennes (CG 49) "Freedom's Fortress")
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To: Kaslin

Dumb poll. If I were asked this question, I would have to respond that it met my expectations, because I never expected it to create jobs in the first place.


6 posted on 11/11/2009 5:16:04 PM PST by arista
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To: Kaslin

I’m guessing he/she saw Boeing 787 instead of $787 billion.


7 posted on 11/11/2009 5:16:33 PM PST by Cheap_Hessian (I am the Grim FReeper.)
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To: Kaslin

What stimulus?

I saw two trillion dollars flushed down a mystery rathole. Even had the money been spent productively it was going to do damage to the economy, and in fact it has not been spent productively. It was guaranteed from the beginning to break the dollar, and it is doing that.

What the “stimulus” has done is decrease your freedom by exactly two trillion dollars worth. This is money you would have spent pursuing your needs and your vision, spent on your priorities based on your best judgement. Now it will be spent pursuing O’s vision, and O’s priorities, and O’s best judgement. That means even if not one toxic law is passed that O has reduced your freedom dramatically. O has substituted his judgement for yours.

Now for the magic question. In return for our loss of freedom, where did the money go?


8 posted on 11/11/2009 5:16:43 PM PST by marron
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To: Kaslin
Actually, it met my expectations. My expectations were that it would be a miserable, pork ridden, money wasting failure
9 posted on 11/11/2009 5:31:42 PM PST by paul51 (11 September 2001 - Never forget)
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To: paul51

That would quite accurate imo


10 posted on 11/11/2009 5:38:35 PM PST by Kaslin (Acronym for 0bama: One Big Ass Mistake America)
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To: Kaslin

The Stimulus wasn’t really intended to improve the economy, although that is the lie told to get it passed.

The real purpose is to give Obama and the Democrats a slush fund of many hundreds of billions of dollars, extorted from taxpayers, to buy votes, pay off financial backers, reward campaign supporters and punish Bitter Clingers.

After January we will see Stimlus money flowing in torrents in order to help democrats win their elections next November.


11 posted on 11/11/2009 5:44:13 PM PST by Iron Munro (Really up-to-date liberals do not care what people do, as long as it is compulsory - George Will)
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To: marron

Ask yourself How much of the 787b was spent?
Or is it in the O’s fund the bribe Rep’s and Senators for passage of agenda


12 posted on 11/11/2009 6:02:00 PM PST by Sir Beowolf ("We The People")
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To: Iron Munro

Better worded and posted, Hats off


13 posted on 11/11/2009 6:03:13 PM PST by Sir Beowolf ("We The People")
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To: arista
it met my expectations

Actually, if you knew the real story behind it you would change your mind. The government has not even figured out how to spend a major portion of it. My expectation was that they would spend all the money and have nothing to show for it. I never expected they wouldn't even be able to spend it all.

14 posted on 11/11/2009 6:20:53 PM PST by AndyJackson
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To: Sir Beowolf
Ask yourself How much of the 787b was spent?

I've never really seen an accounting. Thats a big part of what bugs me. And even the figure 787bn doesn't really jibe with other figures in other places at other times. More of what bugs me.

15 posted on 11/11/2009 6:38:58 PM PST by marron
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To: AndyJackson
"I never expected they wouldn't even be able to spend it all."

They could have if they wanted to, but they're saving some to spend just in time for the 2010 elections.

16 posted on 11/11/2009 7:20:13 PM PST by Fetid Facts (Under Democrats, "The law is a ass--a idiot.")
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To: Kaslin
But it is worth noting for those in the administration and Congress who still think all the people can be fooled all the time.

Sadly, the only evidence existing shows they are right, at least with regard to the majority.

17 posted on 11/11/2009 8:14:35 PM PST by stevem
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To: Kaslin; maggief; Grampa Dave; stephenjohnbanker; Landru; GOPJ; hoosiermama; ...
STIMULUS SCAM---NOTHING MORE THAN A DEM SLUSH FUND 85% of Obama's stimulus is still in Washington. He's saving it for imperiled Dems' 2010-12 elections. Americans are awakening to the fact that govt insiders are mishandling trillions in stimulus------that federal monies are being illegally directed to Democrat campaign coffers, or wire-transferred offshore into personal accounts......or being laundered in the states.

$17.5 BILLION STIM WAS HIDDEN IN NJ Obama hid $17.5 BILLION stim in NJ. Some of it was supposed to reelect Corzine....but that idea flopped via the voters backlash. Anyway, Obama and the Biden family have a nice stash in the Garden State. Luckily Corzne once headed Goldman Sachs and knows "the ropes" for looting and pillaging.

REFERENCE On June 9, 2009 Ohaha called a press conference to announce, "Several financial institutions are set to pay back $68B to taxpayers." Resonable people (taxpayers) assumed that any money or profit would be returned to the general funds from whence it had come .......in order to pay down the debt. The truth, however, is that the money returned by the banks is finding new life as part of what amounts to a Treasury Dept-controlled slush fund.

Obama's pork-laden stimulus, and other wasteful spending, isn't doing much good. US unemployment keep rising to levels not seen in decades, w/ scant hope of a rebound. We can safely conclude that creating jobs was NOT the reason for Ohaha's trillion dollar stimulus.

We need audits, WH cell phone records, computer links, wire-transfers, and bank records to keep track of the stimulus (our tax dollars).

18 posted on 11/12/2009 6:19:48 AM PST by Liz (Obama's the best thing that happened to the Republican Party in a long time.)
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To: Kaslin
"Fully two-thirds (66%) of those surveyed in the latest IBD/TIPP Poll said the stimulus has fallen short of their expectations in creating jobs."

And there's one-third who think it worked fabulously. LOL

19 posted on 11/12/2009 6:40:37 AM PST by Landru (Forget the pebble Grasshopper, just leave.)
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To: Liz
"We need audits, WH cell phone records, computer links, wire-transfers, and bank records to keep track of the stimulus (our tax dollars)."

LOL
Describes the right to a 'T': "needy". LOL

20 posted on 11/12/2009 6:42:51 AM PST by Landru (Forget the pebble Grasshopper, just leave.)
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