Newsflash: The Stimulus Failed

What we were saying Feb, 2009

This clip of Obama speaking at the Dem retreat/lovefest Feb 5th, 2009 during the height of the stimulus debate (with Rachel Maddow offering enthusiastic commentary: “YES!”) is an oldie, but goodie baddie.  I shook my head in disgust, and disbelief at the time, and well… I have the same visceral reaction, now:

Hey, do unemployment checks count as “paychecks” on that Stimulometer thingie?

From a Keynesian point of view, a stimulus is money invested wisely, designed to get a country out of a recession, not a “steaming pile of garbage” plunging us further into debt with no plan to get out.

The stimulus Dem boondoggle, as designed by Nancy and Co. was a failure, as Keynesian economist, Jeffrey Sachs, now admits:

You can watch a longer clip of that Morning Joe segment at Hot Air.

See Heritage for more on why Porkulus petered out.

See also Gateway Pundit: THE TRUTH: Bush Tax Cuts Created More Jobs Than the Obama-Pelosi Spend Your Way to Hell Plan

RELATED:

New Gallup poll: Federal Debt, Terrorism Considered Top Threats to U.S.

What a difference a year and a half makes. Exit polls on election night, November 4, 2008 showed the economy at the top, and terrorism at the bottom. The national debt didn’t even rate:

Fully 62 percent of voters said the economy was the most important issue, six times more than cited the war in Iraq (10 percent), health care (9 percent) or terrorism (9 percent).

Never letting a crisis go to waste, the Dem Socialists used the country’s  concern over the economy as their opening to inflict even more damage.

MORE:

Doug Ross:  “This Administration Is Being Run Like A Junior Achievement Project

Weasel Zippers: CBO: Annual Deficit Will Exceed $1 Trillion This Month. . .With 3-Plus Months to Go in Fiscal Year…

See also:

Study shows liberals don’t understand the economy:

Are You Smarter Than A Fifth Grader?

Explains a lot…

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3 Responses to “Newsflash: The Stimulus Failed”

  1. Cowards: Democrat Politicians Hiding Out from Town Halls This Summer to Avoid Angry Voters (video) « Frugal Café Blog Zone Says:

    [...] throats and was passed in Congress using bribes and sweetheart deals, angry that the economy is still at record lows and unemployment at record highs, angry that elected politicians are following their own desires [...]

    Like

  2. Simmer Says:

    From a Keynesian point of view, a stimulus is money invested …wisely or not. Does this quote sounds like it comes from a guy who only wants wise investments:

    If the Treasury were to fill old bottles with bank notes, bury them at suitable depths in disused coal mines which are then filled up with town rubbish, and leave them to private enterprise on the well-tried principles of laissez faire to dig them up again… there need be no more unemployment and, with the help of the repercussions, the real income of the community and its capital wealth also would probably become a great deal greater than it actually is…

    http://econ161.berkeley.edu/economists/keynes.html

    Like

  3. ShyAsrai Says:

    Only in Bizzaro Liberal Land could it have even remotely been believed to have been an national economic stimulus.

    Every single day, a piece of the flimsy stage set of The Great American D.C. Freak Show falls onto the audience…

    Like


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