“It is clear from today’s jobs report that stimulus has failed to do what it promised and failed to create jobs for American workers,” said Camp. “Eight months after the President signed the stimulus bill, we are all still asking: where are the jobs? Instead of jobs, the American people got record deficits.”

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.

CHINA'S economy galloped at a world-leading 8.9 per cent in the third quarter, thanks to its massive stimulus package.

This household has been laid off for 6 months now. Thanks to stimulus!

Originally posted by Jazzyguy
reply to post by plumranch

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Learn from the master, grasshopper, learn from the master.

China's economy picks up speed on massive stimulus

CHINA'S economy galloped at a world-leading 8.9 per cent in the third quarter, thanks to its massive stimulus package.

Apparently Barack is not 'communist' enough.

Meanwhile, the Chinese government has been very specific about how its money will be spent: on tax cuts, infrastructure and social programs such as health care and education. Some begged China to use its foreign reserves to bail out the U.S. financial system.

Many economists have pointed to the size of the Chinese package (China's GDP is about a quarter of the size of ours) to point out that, if anything, America needs to throw more money at the problem. They may well be right: Considering the depth of the crisis, this is no time for timidity. But what's even more important than the size of our bailout is whether the money is being spent wisely: as an investment that will help the American economy recover and eventually, grow. And right now, the signs coming out of both Congress and the Treasury aren't comforting.

Originally posted by VitalTimes
reply to post by plumranch

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Is this really unexpected? Has any Democratic administration in the last 40 years done anything but cost Americans jobs? Their ideology is failed.

DEMS
TRUMAN 1945-1953 PLUS 8.2 MILLION JOBS. DEBT/GDP=REDUCED 46.2% RECESSIONS=1. END OF TERM=BOOM
KENNEDY 1961-1963 PLUS 3.7 MILLION JOBS. DEBT/GDP=REDUCED 8.2% RECESSIONS=0. END OF TERM=BOOM
JOHNSON 1963-1969 PLUS 12 MILLION JOBS. DEBT/GDP=REDUCED 8.3% RECESSIONS=0. END OF TERM=BOOM
CARTER 1977-1981 PLUS 10.3 MILLION JOBS. DEBT/GDP=REDUCED 3.2% RECESSIONS=1. END OF TERM=BOOM
CLINTON 1993-2001 PLUS 22.7 MILLION JOBS. DEBT/GDP=REDUCED 8.8% RECESSIONS=0. END OF TERM=BOOM
OBAMA 2009 MINUS 3.4 MILLION JOBS. DEBT/GDP=INCREASED ~4%% RECESSIONS=1. END OF TERM=?
=========
TOTAL TIME = 29 YEARS
TOTAL JOBS CREATED 53.5 MILLION
TOTAL DEBT TO GDP REDUCED = 70.7%
TOTAL RECESSIONS=3 (1 ON-GOING)


REPS
EISENHOWER 1953-1961 PLUS 3.5 MILLION JOBS. DEBT/GDP=REDUCED 16.2% RECESSIONS=3. END OF TERM=RECESSION
NIXON 1969-1974 PLUS 8.6 MILLION JOBS. DEBT/GDP=REDUCED 2.9% RECESSIONS=2. END OF TERM=RECESSION
FORD 1974-1977 PLUS 2.6 MILLION JOBS. DEBT/GDP=INCREASED 0.1% RECESSIONS=0. END OF TERM=BOOM
REAGAN 1981-1989 PLUS 16.1 MILLION JOBS. DEBT/GDP=INCREASED 20.5% RECESSIONS=1. END OF TERM=BOOM
GEORGE H.W. BUSH 1989-1993 PLUS 2.6 MILLION JOBS. DEBT/GDP=INCREASED 13.1% RECESSIONS=1. END OF TERM=RECESSION
GEORGE W. BUSH 2001-2009 PLUS 1.8 MILLION JOBS. DEBT/GDP=INCREASED 18.1% RECESSIONS=2. END OF TERM=RECESSION
=========
TOTAL TIME = 36 YEARS
TOTAL JOBS CREATED = 35.2 MILLION
TOTAL DEBT TO GDP INCREASED = 32.7%
TOTAL RECESSIONS=9

Many economists have pointed to the size of the Chinese package (China's GDP is about a quarter of the size of ours) to point out that, if anything, America needs to throw more money at the problem. They may well be right: Considering the depth of the crisis, this is no time for timidity. But what's even more important than the size of our bailout is whether the money is being spent wisely