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Stimulus turns out to be anti-stimulus

by C1ay / July 4, 2011 5:12 AM PDT

"When the Obama administration releases a report on the Friday before a long weekend, it's clearly not trying to draw attention to the report's contents. Sure enough, the "Seventh Quarterly Report" on the economic impact of the "stimulus," released on Friday, July 1, provides further evidence that President Obama's economic "stimulus" did very little, if anything, to stimulate the economy, and a whole lot to stimulate the debt...

... In other words, over the past six months, the economy would have added or saved more jobs without the "stimulus" than it has with it. In comparison to how things would otherwise have been, the "stimulus" has been working in reverse over the past six months, causing the economy to shed jobs..."


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I'm quite sure that, among the many comments here in SE,
by Steven Haninger / July 4, 2011 5:51 AM PDT

it has been mentioned that the economy would eventually undergo some recovery with or without government intervention and that such intervention might only affect the rate of that recovery. It could affect that rate positively or negatively. But consider what would happen if two presidential candidates came to the people with one saying "I'm going to do nothing because this will fix itself better and faster if I stay out of the way." He'd not stand a chance in hades of being elected.

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The political theory has always been
by TONI H / July 4, 2011 5:58 AM PDT

that if you have good news, you make sure it comes out during the week...if it's bad news, you make sure it comes out over a holiday or a weekend when people might not notice it so quickly. Surprise, surprise...Happy 4th of July.

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I don't think we can afford
by Mike_Hanks / July 5, 2011 11:35 AM PDT

any more Obama success

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