Worst economy outgrowing G.D.!

[yinyangman]

I feel so horrible for those who are forced to live with their parents. Good thing or not, I don't want it happening to me.

Can it be that Obama's stimulus bill was useless the whole time?

[Generalissimus]

At 4/23/09 04:28 PM, yinyangman wrote: Can it be that Obama's stimulus bill was useless the whole time?

You have to give it some time. Looking back on something, you can determine whether it worked or not. The economy is in rough shape and people are hurting financially. We definitely needed a stimulus from the government, I'm just not sure if we should have spent as much as we did. Sooner or later we'll be able to determine if this was the right move or not.

[yinyangman]

At 4/23/09 04:35 PM, KemCab wrote: What was the point of the topic the whole time? I'm somewhat confused.

If you've been trying to say you think this recession is surpassing the Great Depression and that Obama's bill isn't doing anything, are you living under a rock or something?

Does this answer your question?

[ringy]

At 4/23/09 04:41 PM, yinyangman wrote:

At 4/23/09 04:35 PM, KemCab wrote: What was the point of the topic the whole time? I'm somewhat confused.

If you've been trying to say you think this recession is surpassing the Great Depression and that Obama's bill isn't doing anything, are you living under a rock or something?

Does this answer your question?

So Obama is taking more action then other presidents. Whats the big deal with that? He has to fix big cooperation's problems or let them fail and have millions of people loose their jobs.

[adrshepard]

The link isn't being fair in its treatment of insurance and other financial guarantees. The total amount of those guarantees may be tremendous, but they only represent a cost if there's a default. The vast majority of the instruments they insure will not fail, so the actual cost is greatly lower than the 8 trillion figure. These guarantees aren't designed to make sure no one loses, anyway. They act to encourage investment, and the increased financial activity the insurance generates may offset what the government will have to pay out.

[yinyangman]

At 4/23/09 05:02 PM, KemCab wrote:

At 4/23/09 04:41 PM, yinyangman wrote: Does this answer your question?

You post the link first, not after someone asks.

And this doesn't even say that this depression is worse, it just says that we're spending more as a percent of GDP.

Maybe you're right. Good point. I stopped spending money on things I thought I need, but don't. We can bet we're about to enter the Technology Revolution.

[aninjaman]

There will be people having to live with their parents no matter the economy.
Stop judging the stimulus on a single example.