Posted on 02/17/2010 8:32:26 AM PST by Cheap_Hessian
WASHINGTON - President Barack Obama hailed Wednesday's one-year-old economic stimulus law as an accomplishment that staved off another Great Depression and kept up to 2 million people on the job.
Still, with millions still out of work and losing patience, Obama acknowledged that to them, "It doesn't yet feel like much of a recovery."
Marking the anniversary of the $787 billion American Economic Recovery and Investment Act, Obama aimed his message at people skeptical about the expensive relief measure and Republican lawmakers who voted against it and continue to hammer him about it.
To the public, Obama explained, as he has many times before, that the stimulus plan was composed of tax cuts for most Americans along with help for state governments, extended social service benefits and huge investments in energy, education and infrastructure.
"One year later, it is largely thanks to the recovery act that a second depression is no longer a possibility," Obama said.
(Excerpt) Read more at msnbc.msn.com ...
Can this guy EVER tell the truth?
Assuming it actually did head off a depression, why do we need to keep stimulating again and again and again?
It’s NOT his job to “tell the truth.”
I think he meant to say...Obama: Stimulus magnified depression
What patent BS! Two-thirds of the slush fund for Dems hasn’t even been spent yet!
Telling the truth is above his pay grade.
He peats and repeats the same crap over and over. He has done nothing but what his party, the Communist Corrupt Criminal Party, or CCCP set out to do.
Destroy the lives of American citizens and make us slaves.
So the 250 billion of the 800 billion stimulus that has been spent to date saved this Nation? Sorry, but it is ludicrous to think 250 billion “saved” us from a depression when it is such an insignificant amount compared to total annual spending by this country. We have a 14 TRILLION dollar economy. 250 billion is just 5.5% of our economy.
He thinks we are out of the woods? I don’t think we’re half way into the woods yet.
“One year later, it is largely thanks to the recovery act that a second depression is no longer a possibility,” Obama said.
So look out for a mega tax plan to start soon.
Heading off depression is the wrong thing to do!!
We desperatly need one to wipe out everyone living on credit!
HALLEUJAH !
THE STIMULUS WORKED !
WE’RE SAVED !
Or, did it simply delay the Depression???
Obama: Stimulus headed off depression
The Great Depression is still in the process of arriving, on schedule...
“Assuming it actually did head off a depression, why do we need to keep stimulating again and again and again?”
Maybe he’s getting depressed again and the only thing capable of warding it off is the delight of spending our money?
And, just think......the majority of the stimulus money hasn't even been released yet.
That's some powerful stimuli you got there, Barry.
Tell us another one, clown.
Uh, the economy GOT WORSE after they passed Porkulus for crying out loud!!!! Unemployment went up! Foreclosures up! Bankruptcies up!
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