1.3 million to lose jobless benefits

[faethor]

Remind me... which of those states is Obama the Governor of?

This one

 

[faethor]

All Praise be Obama!!!

Stimulus is starting to work?

After declines of 5.4% and 6.4% in the previous two quarters, gross domestic product fell only 1% in the last three months

The Wall Street Journal says - "Many forecasters say stimulus spending is adding two to three percentage points to economic growth in the second and third quarters, when measured at an annual rate. The impact in the second quarter, calculated by analyzing how the extra funds flowing into the economy boost consumption, investment and spending, helped slow the rate of decline and will lay the groundwork for positive growth in the third quarter -- something that seemed almost implausible just a few months ago. Some economists say the 1% contraction in the second quarter would have been far worse, possibly as much as 3.2%, if not for the stimulus...

For the third quarter, economists at Goldman Sachs & Co. predict the U.S. economy will grow by 3.3%. "Without that extra stimulus, we would be somewhere around zero," said Jan Hatzius, chief U.S. economist for Goldman."


Let's remind people Conservatives claim to like Tax Cuts but voted against them this year. The stimulus bill contained over $280 Billion in tax cuts over the next 2 years. Bigger than any Republican ever, including Bush and even the demi-god Reagan.


Speaking of Reagan let's not forget he tripled the national debt and brought one of the largest tax hikes in US History. Bush wasn't quite as good he only doubled the national debt.

 

[faethor]

All Praise be Obama!!!

Bush II stock market, highest point nearly 13,000. ~6 years later around 8,000.

Obama stock market, dipped from Bush's low to ~4500. Under 1 year later pushing near 10,000.

Things seem headed in the right direction.

It would seem there's more money in communism. :roflmao: