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<blockquote data-quote="804brown" data-source="post: 1047270" data-attributes="member: 29553"><a href="http://www.youtube.com/watch?v=7T_r-Y0J9OY" target="_blank">Obama News Conference 3/24/09 - Part 1 - YouTube</a>In this newsconference obama says in 5 years. i guess he is thinking that would be his 4th budget since bush&#039;s numbers (fiscal year 2009 actually started on oct 1st 2008) go through sept 2009.&nbsp; So i guess i didnt &quot;make that up&quot;.&nbsp; But you all give him absolutlely no credit for doing all he did .&nbsp; As &quot;naive&quot; and with &quot;zero experience&quot; as he was, he stopped the economy from going over the edge.&nbsp; Like it or not the $800 billion stimulus worked for what is was supposed to do.&nbsp; Add necessary money flowing into the economy since the private sector was contracting!!Do you actually know what that means when an economy contracts??&nbsp; This was not your average recession.&nbsp; This was a recession started in dec 2007 that turned into a financial panic in sept/oct 2008 when wall st collapsed!!&nbsp; Even a supply sider like bush and paulsen had to use a keynesian method of government spending!!&nbsp; Oh dear!!On the results, we have seen the results.&nbsp; By june of 2009 our economy was actually growing.&nbsp; Jobs lagged, but we had positive growth.&nbsp; And ,many months of positive private sector jobs numbers.&nbsp; The only factor slowing the recovery had been the austerity at the state and local level. They can be guilty of underestimating the severity of this crisis (only $800 billion in stimulus was about half of what was needed) since $2 trillion in private spending had dried up!! But wait the repubs in the house (von ryans express) tried to pass their OWN stimulus of $700 billion too.&nbsp; Since they were in the minority, it failed.&nbsp; It was $700 billion in MORE tax cuts...surprise.&nbsp; Another bold and innovative idea!!</blockquote>

[QUOTE="804brown, post: 1047270, member: 29553"] [url=http://www.youtube.com/watch?v=7T_r-Y0J9OY]Obama News Conference 3/24/09 - Part 1 - YouTube[/url] In this newsconference obama says in 5 years. i guess he is thinking that would be his 4th budget since bush's numbers (fiscal year 2009 actually started on oct 1st 2008) go through sept 2009. So i guess i didnt "make that up". But you all give him absolutlely no credit for doing all he did . As "naive" and with "zero experience" as he was, he stopped the economy from going over the edge. Like it or not the $800 billion stimulus worked for what is was supposed to do. Add necessary money flowing into the economy since the private sector was contracting!!Do you actually know what that means when an economy contracts?? This was not your average recession. This was a recession started in dec 2007 that turned into a financial panic in sept/oct 2008 when wall st collapsed!! Even a supply sider like bush and paulsen had to use a keynesian method of government spending!! Oh dear!! On the results, we have seen the results. By june of 2009 our economy was actually growing. Jobs lagged, but we had positive growth. And ,many months of positive private sector jobs numbers. The only factor slowing the recovery had been the austerity at the state and local level. They can be guilty of underestimating the severity of this crisis (only $800 billion in stimulus was about half of what was needed) since $2 trillion in private spending had dried up!! But wait the repubs in the house (von ryans express) tried to pass their OWN stimulus of $700 billion too. Since they were in the minority, it failed. It was $700 billion in MORE tax cuts...surprise. Another bold and innovative idea!! [/QUOTE]

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