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HomeOff Topics News & Politics › 7 Months After Stimulus 49 of 50 States Have Lost Jobs
10-22-2009 03:17 PM  8 years agoPost 1
dilberteinstein

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texas - USA

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America Now Over 6 Million Jobs Shy of Administration's Projections
Wednesday, October 21, 2009

The table below compares the White House's February 2009 projection of the number of jobs that would be created by the 2009 stimulus law (through the end of 2010) with the actual change in state payroll employment through September 2009 (the latest figures available). According to the data, 49 States and the District of Columbia have lost jobs since stimulus was enacted. Only North Dakota has seen net job creation following the February 2009 stimulus. While President Obama claimed the result of his stimulus bill would be the creation of 3.5 million jobs, the Nation has already lost a total of 2.7 million – a difference of 6.2 million jobs. To see how stimulus has failed your state, see the table below.

http://www.republicans.waysandmeans...cumentID=150826

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10-22-2009 03:46 PM  8 years agoPost 2
McLovin

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FL

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Well in Obama's defense,it did sound like a good idea when he read it off the teleprompter.

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10-22-2009 04:03 PM  8 years agoPost 3
1stPlace

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Ohio USA

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According to the data, 49 States and the District of Columbia have lost jobs since stimulus was enacted.
240 of those jobs were within 3 miles of my house. Obama, YOU SUCK!

Diejenigen, die nicht lernen aus den Fehlern der Vergangenheit bestimmt sind, zu wiederholen.

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10-22-2009 05:09 PM  8 years agoPost 4
spaceman spiff

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Tucson

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Probably too much to hope for, but i do hope that we will learn from this and avoid govt stimulus programs in the future.

Bush's stimulus didn't appear to do all that much either.

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10-22-2009 05:15 PM  8 years agoPost 5
Dennis (RIP)

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Oregon

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Bush's stimulus didn't appear to do all that much either.
It did not have much measurable impact.

But, at the very least, he gave money back to the people instead of taking it away. So, in today's climate, he should be applauded for that.

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10-22-2009 05:21 PM  8 years agoPost 6
Tintin

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Akershus, Norway

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Is your short time memory so short you have already forgotten how many years it took to fck things up?

“Getting an inch of snow is like winning 10 cents in the lottery.”

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10-22-2009 05:29 PM  8 years agoPost 7
1stPlace

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Ohio USA

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Bush's stimulus didn't appear to do all that much either.
Considering that we were in recession when he took office, his tax cuts and stimulus checks certainly did have a positive impact on the economy. They brought us out of that recession. Then the 9/11 attacks, put a dent in the economy, but we still maintained a growing economy for several years after. It wasn't until Democrats had control of congress that the housing bubble burst and the stock market crashed. Bush warned them that this was going to happen. Congress did nothing but blame Bush.

TARP I and TARP II have done nothing to stimulate the economy.

Diejenigen, die nicht lernen aus den Fehlern der Vergangenheit bestimmt sind, zu wiederholen.

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10-22-2009 05:32 PM  8 years agoPost 8
Dennis (RIP)

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Oregon

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Is your short time memory so short you have already forgotten how many years it took to fck things up?
Of course it did. And we know exactly who did screw up the economy.

You, have no clue at all. Or, you simply ignore the evidence in front of your face.

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10-22-2009 05:34 PM  8 years agoPost 9
DGS

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Hamburg, NY

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Nope,
I remember how long it took ...about a year to get this bad. However, we had a high of 1560 on the S&P 500 in October of '07. It went downhill from there!!! We are now almost 50% lower! I don't see any chance of going back to those values with our current "Leader".

Dave S.

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10-22-2009 05:46 PM  8 years agoPost 10
Dennis (RIP)

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Oregon

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Just as a reminder to the non believers, here is an excellent run down of who is at fault for the bad economy we have. Ron Hill did an excellent job of this post here some time ago. We saved it for you all. Here it is:

Ron Hill Quote:

Who signed into law the Commodity Futures Modernization Act that created credit default swaps?

Who repelled Glass-Stegall which allowed commercial and investment banking to merge?

More Dems than Repubs voted for Glass-Steagall to be repealed,

More Dems than Repubs voted for the Commodity Futures Modernization Act (which basically helped create credit default swaps),

Both were signed into law by a Democratic President,

Republicans tried to get more regulation in 2003, 2005, and 17 times in 2008 alone... And were shot down by Dems like Barney Frank each time.

Here is the data on who voted for the CFMA:
Quote

Senate: 52 Republicans and 38 Democrats voted for the bill. Sen. Richard Shelby of Alabama (Republican, formerly a Democrat) voted against it, as did 7 Democratic Senators: Barbara Boxer (Calif.), Richard Bryan (Nev.), Byron Dorgan (N.D.), Russell Feingold (Wisc.), Tom Harkin (Iowa), Barbara Mikulski (Md.) and Paul Wellstone (Minn.) Sen. Peter Fitzgerald (R-Ill.) again voted "present", while Sen. John McCain (R-Ariz.) did not vote. On Agreeing to the Conference Report, S.900 Gramm-Bliley-Leach Act, roll call 354, 106th Congress, 1st session Votes Database at The Washington Post, retrieved on October 9, 2008

House: Republicans voted 207-5 in favor with 10 not voting. Democrats voted 155-51 in favor, with 5 not voting. Independent-Socialist Rep. Bernard Sanders of Vermont voted no. On Agreeing to the Conference Report, S. 900 Financial Services Modernization Act, roll call 570, 106th Congress, 1st session Votes Database at The Washington Post, retrieved on October 9, 2008

It was rolled into the Spending bill H.R. 4577. The votes were 157-9 Democrats and 133-51 Republicans. (That's more Dems than Repubs BTW).

The Senate version passed by "Unanimous Consent." President Clinton signed it into Public Law (106-554) on December 21, 2000.

How is all of that a failure of the conservative philosophy? Other than it did fail to stop the dems?

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10-22-2009 06:26 PM  8 years agoPost 11
TwistedRotor

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Yup

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Wow! Really? Oklahoma's unemployment rate went from 6.8 in August to 6.7 in September. I didn't see that in the table.

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10-23-2009 12:57 AM  8 years agoPost 12
dilberteinstein

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texas - USA

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Wow! Really? Oklahoma's unemployment rate went from 6.8 in August to 6.7 in September. I didn't see that in the table.
The reason you don't see it is because the table shows the number of unemployed. The following article shows the unemployment "rate" as per cent.
The Oklahoma Employment Security Commission announced Oct. 21 the state’s unemployment decreased to 6.7 percent in September, down from 6.8 percent in August.

The U.S. unemployment rate is 9.8 percent which represents a 0.1 percent increase from September.

A year ago, Oklahoma’s unemployment rate was 4 percent.

In the last six months, the Oklahoma unemployment percentage has gone from 6.1 in March to 6.2 in April up again to 6.4 in May before going down to 6.3 in June, increasing to 6.5 percent in July and up again to 6.8 in August.
http://okc.biz/article/10-21-2009/O..._September.aspx

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10-23-2009 07:45 AM  8 years agoPost 13
Tintin

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Akershus, Norway

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I remember how long it took ...about a year to get this bad.
I hope that was irony 'cause if that is what you believe then you'd better open your eyes somewhat....

“Getting an inch of snow is like winning 10 cents in the lottery.”

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10-23-2009 12:45 PM  8 years agoPost 14
McLovin

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FL

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Doesnt matter what Obama inherited really.He said he could stop the down turn and make it better before now and wouldnt blame anyone else (like previouse parties) so right off the bat he was wrong.If he couldnt do the job,as promised,he should NOT have 'asked' for the job.

I guess Obama knew he was just going to be able to blame the previous administration,after he was elected.Even though he vowed not to do that very thing.What a whimp him and his followers are.
He had no clue what he was in for and no clue how to fix anything.After all he had only been into 'big time' politics since 2005 and even then he just say in on 'big time' politics.

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10-23-2009 05:14 PM  8 years agoPost 15
dilberteinstein

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texas - USA

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Doesnt matter what Obama inherited really.He said he could stop the down turn and make it better before now and wouldnt blame anyone else (like previouse parties) so right off the bat he was wrong.If he couldnt do the job,as promised,he should NOT have 'asked' for the job.
Right on! Obama made the promises. He knew what the job was. The conditions were not written at the end of a 1100 page document presented at the 11th hour. He was not "conscripted or tricked" into the job. He "campaigned" for the job. He "wanted" the job as President.

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10-24-2009 05:33 PM  8 years agoPost 16
nitrothugg

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Chicago, IL United States

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geesh
7 months huh

in this age of instant everything, you guys are a direct reflection of how we as a people are so spoiled and always need things yesterday.

some things just dont work like express shipping at amainhobbies.

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10-24-2009 05:52 PM  8 years agoPost 17
shawmcky

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Isle of Wight,United Kingdom

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What you need is
Harry Potter or some other magician to get you out of this mess quickly,can we have him back when you have finished ,we need him as well.

Team- unbiased opinion.K.I.S.S principle upheld here

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10-24-2009 06:22 PM  8 years agoPost 18
fla heli boy

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cape coral, florida

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the point is missed. It's not that we expected him to turn things around in a year.......what WAS expected, is that HE WOULDN'T MAKE THINGS TEN TIMES WORSE BY HIS ACTIONS!!!! The only things he has enacted are going to have BIG-TIME ramifications down the road. You can not just PRINT money!!! That is what he is doing. I mean, everybody wanted to get on Bush for his defecit spending. IT TOOK GB EIGHT YEARS TO GET HERE!!!! IT TOOK BAMMY 9 MONTHS TO TRIPLE THAT!!!!!
Let that soak in for a minute!!! Quit drinkin' the Kool-Aid fella's.

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10-24-2009 06:30 PM  8 years agoPost 19
fla heli boy

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cape coral, florida

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perfect example....
I have a female friend with a new hubby and together have 3 kids.
She has a large home she won in her divorce. She has refied 2-3 times to pull cash out when Real Estate went bonkers. Now she has refied 2-3 times to get better interest rates and save a little cash each month. SHE IS MAKING HER PAYMENTS OK - NO THREAT OF FORECLOSURE!!!!
Now.....she applied for some program (Save Our Homes I think) that she claims Bammy started (Not sure, but I think it was Bush) and her payments were $3,300.00/month +taxes+insurance+flood ins.
Her payment now: $1,900.00/month including EVERYTHING.
Now I ask, how is that possible and who's paying for it??? Umm...we are. So this one action alone has her as an Obama person for life and will at the drop of a hat sing his praises because as she says: "George Bush did nothing for me in 8 years and Obama has cut my mortgage in half in nine months!!!". That's how these people think.

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10-24-2009 07:39 PM  8 years agoPost 20
shawmcky

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Isle of Wight,United Kingdom

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Our Prime Minister
has done pretty much the same with a stimulus package here so you are not alone,we are a small country compared to the U.S.A but our public debt is now approaching one trillion pounds.Our banks are laughing at us too.It will (hopefully )"only"take a generation to clear our debts,if we dont end up bankrupt as a country.Our G.D.P continues to decline as all our eggs have in the past been in the financial services industry.I think that here and in the U.S things are so bad that no one really knows how we are going to get out of this mess,including the "leaders".Clutching at straws comes to mind

Team- unbiased opinion.K.I.S.S principle upheld here

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HomeOff Topics News & Politics › 7 Months After Stimulus 49 of 50 States Have Lost Jobs
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