“over 66 percent expect that the size of their workforce will either stay the same or decrease over the next year”
20th August 2011
Boy, that Obama stimulus really worked out great, didn’t it? Wonder what he’ll come up next time — cancer, maybe?
20th August 2011
Boy, that Obama stimulus really worked out great, didn’t it? Wonder what he’ll come up next time — cancer, maybe?
August 20th, 2011 at 12:27
The Obama stimulus wasn’t big enough. The Republicans handcuffed him before he got in the ring.
In any case his stimulus certainly worked as well as sending everyone $300 advances on their next tax refund, as George did.
August 21st, 2011 at 05:08
And you know this from the commanding heights of the degree you don’t have in economics? Stand by while those of us who do have a degree in economics snicker.
The Obama ‘stimulus’ went for pork projects or to save the jobs of government workers who would otherwise have been laid off, none of which does anything for the actual productive side of the economy. The gas that ought to have gone in the tank went instead to keep the drivers warm, which is why the car is still stalled.
August 21st, 2011 at 19:16
Sorry to have to break it to you, but an MBA is not an economics degree–unless you’ve earned one from the Ayn Rand Insitute, which I’m sure would be listed in the Colophon section.
The Obama stimulus went to the states, who promptly pissed it away–except for those too self-rightous to accept it. So much for decentralization. Otherwise, a job saved is a job saved, be it in the public sector or the private sector.
In any case, the problem isn’t the stimulus or lack of it; the problem is the banks are sitting on the money and not lending it. There’s little or nothing the Federal government can do about that, other than nationalize the banks–which they won’t do because they’re pussies.
August 22nd, 2011 at 03:57
An MBA is still a lot closer to an economics degree than anything you’ve got. But apparently you can’t be bothered to remember that half of my double major at Yale was Economics.
Obama’s stimulus was pissed away in the same manner that all such ‘stimulus’ funds are pissed away, which is one of the reasons why government ‘stimulus’ doesn’t do anything for the economy — which makes even more stupid your suggestion that it wasn’t big enough. What, we didn’t piss away ENOUGH money? That’s a really helpful public policy.
The reason the banks aren’t lending their money is because the Federal Reserve is giving it to them for .09%, which they turn right around and put in T-Bills at 4%. And with Obama at the helm they have no idea what sort of economic blundering he’s going to do next; they’re waiting until the 2012 election to see whether the adults get back in charge of Federal fiscal policy. What the Federal government can do about that is say, ‘Okay, we’re done pissing in the soup now.’ The problem is getting people to believe it.